)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Strategy
Strategy (MSTR) investor relations material
Strategy Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 net income was $19.53B and diluted EPS was $44.75, driven by a $20.91B bitcoin fair-value gain; 9M net loss was $1.23B.
Bitcoin holdings were 847,666 at quarter-end, with a $70.82B carrying value, and 848,517 by Oct. 25.
Capital markets and digital-credit products remained central to growing bitcoin holdings and bitcoin per share.
Financial highlights
Q3 revenue was $125.4M, down 3% YoY; gross profit was $89.6M versus $90.7M.
Q3 net income was $19.53B versus $2.79B YoY; net income attributable to common stockholders was $19.12B after $419.6M of preferred dividends.
Total equity increased $23.2B, or 51%, to $68.5B; common equity was $55.4B and preferred equity was $13.1B at quarter-end.
Cash and cash equivalents were $2.50B and short-term investments were $3.40B at Sept. 30; 9M cash from operations was $14.3M.
Outlook and guidance
Long-term objective is to double bitcoin per share in sats within seven years; annual digital-credit sales target is 10–20% of BTC reserves.
Digital-credit issuance may become the primary bitcoin-acquisition route; management cited $10B–$30B of potential issuance using the current capital structure.
USD Reserve policy targets at least 12 months of expected preferred dividends and debt interest; USD assets covered 43 months at Sept. 30.
Management expects U.S. tokenization standards to evolve over the next 12 months, without committing to a U.S. tokenized-offering timeline.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Strategy
- Daily-dividend amendments passed, with Stretch distributions continuing without a gap.MSTR
AGM 2026 - Proposed preferred-stock changes could enable daily $STRC dividend accruals.MSTRProxy filing
- Vote on preferred-stock changes that could enable daily dividends; voting closes October 27.MSTRProxy filing
- A shareholder vote could shift preferred dividends to a daily, 365-day schedule.MSTRProxy filing
- $STRC support measures paired a 12% dividend with $1.8B in repurchases.MSTRProxy filing
- STRC's proposed shift to daily dividends awaits the October 28 shareholder vote.MSTRProxy filing
- STRC’s proposed daily dividend schedule hinges on Oct. 28 approval and Nov. 1 effectiveness.MSTRProxy filing
- STRC’s $1.00 November daily dividend depends on shareholder approval and timely filing.MSTRProxy filing
- Proposals would enable daily dividends on STRC and other U.S.-listed preferred stocks.MSTRProxy filing
Next Strategy earnings date
Q4 20265 Feb, 2027
Strategy
Next Strategy earnings date
Q4 20265 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
MicroStrategy Incorporated provides enterprise analytics software and services worldwide. The company offers MicroStrategy Analytics Platform platform that offers data discovery, mobile analytics, visual data mining, and predictive analytic capabilities; MicroStrategy AWS Edition for stateless deployment of MicroStrategy Analytics Platform on the Amazon Web Services marketplace; cloud platform; and MicroStrategy Library Services that include various APIs to connect modern application development frameworks, such as Python, R, Java, and JavaScript with the MicroStrategy Analytics Platform. The company was incorporated in 1989 and is headquartered in Tysons Corner, Virginia.