
Microstrategy Inc
NASDAQ:MSTR

Income Statement
Earnings Waterfall
Microstrategy Inc
Revenue
|
463.5m
USD
|
Cost of Revenue
|
-129.5m
USD
|
Gross Profit
|
334m
USD
|
Operating Expenses
|
-397.1m
USD
|
Operating Income
|
-63.1m
USD
|
Other Expenses
|
-1.1B
USD
|
Net Income
|
-1.2B
USD
|
Income Statement
Microstrategy Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
580
N/A
|
566
-2%
|
557
-2%
|
535
-4%
|
530
-1%
|
525
-1%
|
515
-2%
|
516
+0%
|
512
-1%
|
515
+1%
|
511
-1%
|
508
-1%
|
504
-1%
|
505
+0%
|
506
+0%
|
502
-1%
|
498
-1%
|
490
-2%
|
487
-1%
|
485
-1%
|
486
+0%
|
482
-1%
|
475
-1%
|
483
+2%
|
481
0%
|
492
+2%
|
507
+3%
|
508
+0%
|
511
+1%
|
507
-1%
|
504
-1%
|
501
-1%
|
499
0%
|
502
+1%
|
500
0%
|
504
+1%
|
496
-2%
|
490
-1%
|
481
-2%
|
467
-3%
|
463
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(135)
|
(129)
|
(120)
|
(109)
|
(101)
|
(97)
|
(95)
|
(93)
|
(93)
|
(93)
|
(94)
|
(95)
|
(97)
|
(99)
|
(99)
|
(98)
|
(99)
|
(100)
|
(101)
|
(101)
|
(100)
|
(98)
|
(97)
|
(95)
|
(91)
|
(89)
|
(88)
|
(89)
|
(92)
|
(95)
|
(97)
|
(100)
|
(103)
|
(105)
|
(107)
|
(108)
|
(110)
|
(112)
|
(116)
|
(124)
|
(129)
|
|
Gross Profit |
445
N/A
|
436
-2%
|
437
+0%
|
426
-3%
|
429
+1%
|
428
0%
|
420
-2%
|
422
+1%
|
419
-1%
|
422
+1%
|
418
-1%
|
412
-1%
|
407
-1%
|
406
0%
|
407
+0%
|
404
-1%
|
398
-1%
|
390
-2%
|
386
-1%
|
383
-1%
|
386
+1%
|
384
-1%
|
378
-2%
|
388
+3%
|
390
+0%
|
403
+3%
|
419
+4%
|
419
+0%
|
419
0%
|
412
-2%
|
407
-1%
|
401
-1%
|
396
-1%
|
397
+0%
|
393
-1%
|
396
+1%
|
386
-2%
|
378
-2%
|
365
-3%
|
344
-6%
|
334
-3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(425)
|
(386)
|
(339)
|
(301)
|
(294)
|
(297)
|
(303)
|
(305)
|
(311)
|
(313)
|
(316)
|
(320)
|
(334)
|
(353)
|
(369)
|
(380)
|
(394)
|
(397)
|
(397)
|
(396)
|
(387)
|
(375)
|
(358)
|
(348)
|
(333)
|
(335)
|
(347)
|
(355)
|
(373)
|
(377)
|
(382)
|
(385)
|
(386)
|
(388)
|
(386)
|
(388)
|
(386)
|
(387)
|
(392)
|
(400)
|
(397)
|
|
Selling, General & Administrative |
(321)
|
(295)
|
(266)
|
(239)
|
(229)
|
(229)
|
(231)
|
(234)
|
(238)
|
(239)
|
(242)
|
(244)
|
(255)
|
(269)
|
(280)
|
(285)
|
(292)
|
(290)
|
(287)
|
(285)
|
(278)
|
(267)
|
(252)
|
(244)
|
(229)
|
(228)
|
(237)
|
(244)
|
(256)
|
(256)
|
(258)
|
(259)
|
(258)
|
(262)
|
(263)
|
(266)
|
(265)
|
(269)
|
(273)
|
(277)
|
(279)
|
|
Research & Development |
(103)
|
(91)
|
(73)
|
(62)
|
(65)
|
(67)
|
(72)
|
(72)
|
(73)
|
(74)
|
(74)
|
(76)
|
(79)
|
(84)
|
(89)
|
(96)
|
(102)
|
(107)
|
(110)
|
(111)
|
(109)
|
(107)
|
(105)
|
(105)
|
(104)
|
(107)
|
(110)
|
(111)
|
(117)
|
(121)
|
(124)
|
(127)
|
(127)
|
(125)
|
(123)
|
(122)
|
(121)
|
(118)
|
(119)
|
(123)
|
(118)
|
|
Operating Income |
20
N/A
|
51
+157%
|
98
+93%
|
125
+27%
|
134
+8%
|
131
-2%
|
118
-10%
|
117
-1%
|
108
-8%
|
109
+1%
|
102
-6%
|
93
-9%
|
73
-21%
|
53
-27%
|
37
-30%
|
23
-37%
|
4
-83%
|
(7)
N/A
|
(10)
-43%
|
(13)
-26%
|
(1)
+92%
|
9
N/A
|
20
+120%
|
40
+95%
|
57
+43%
|
68
+19%
|
72
+6%
|
64
-12%
|
46
-28%
|
35
-23%
|
24
-31%
|
16
-36%
|
11
-33%
|
9
-14%
|
7
-25%
|
8
+23%
|
1
-90%
|
(10)
N/A
|
(27)
-179%
|
(56)
-105%
|
(63)
-12%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1
|
3
|
2
|
1
|
1
|
0
|
1
|
2
|
2
|
3
|
3
|
4
|
5
|
6
|
8
|
10
|
12
|
12
|
12
|
12
|
10
|
10
|
8
|
5
|
1
|
(4)
|
(9)
|
(19)
|
(29)
|
(38)
|
(47)
|
(50)
|
(53)
|
(57)
|
(55)
|
(52)
|
(49)
|
(46)
|
(50)
|
(57)
|
(62)
|
|
Non-Reccuring Items |
(15)
|
(15)
|
(15)
|
(3)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(44)
|
(71)
|
(265)
|
(690)
|
(710)
|
(831)
|
(807)
|
(1 300)
|
(1 235)
|
(1 286)
|
(1 090)
|
(197)
|
(230)
|
(71)
|
(289)
|
(445)
|
(846)
|
(1 813)
|
|
Total Other Income |
5
|
9
|
7
|
4
|
3
|
(2)
|
2
|
1
|
3
|
3
|
(1)
|
(3)
|
(7)
|
(7)
|
0
|
3
|
5
|
6
|
31
|
32
|
29
|
29
|
(2)
|
(7)
|
(7)
|
(6)
|
(5)
|
(1)
|
2
|
3
|
9
|
13
|
6
|
3
|
(3)
|
(5)
|
(5)
|
(2)
|
(1)
|
(9)
|
4
|
|
Pre-Tax Income |
11
N/A
|
48
+333%
|
93
+94%
|
127
+36%
|
138
+9%
|
129
-6%
|
121
-7%
|
119
-1%
|
113
-5%
|
114
+1%
|
104
-9%
|
94
-9%
|
71
-24%
|
53
-26%
|
46
-13%
|
37
-20%
|
20
-44%
|
11
-47%
|
33
+199%
|
31
-6%
|
38
+25%
|
49
+28%
|
26
-46%
|
(6)
N/A
|
(20)
-219%
|
(206)
-935%
|
(631)
-206%
|
(667)
-6%
|
(811)
-22%
|
(806)
+1%
|
(1 313)
-63%
|
(1 257)
+4%
|
(1 322)
-5%
|
(1 136)
+14%
|
(248)
+78%
|
(278)
-12%
|
(125)
+55%
|
(346)
-178%
|
(523)
-51%
|
(968)
-85%
|
(1 934)
-100%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(6)
|
(16)
|
(28)
|
(37)
|
(32)
|
(29)
|
(24)
|
(20)
|
(22)
|
(22)
|
(20)
|
(19)
|
(9)
|
(5)
|
(3)
|
(2)
|
(1)
|
(1)
|
(7)
|
(5)
|
(4)
|
(6)
|
(0)
|
8
|
12
|
88
|
210
|
224
|
276
|
250
|
(7)
|
(54)
|
(147)
|
258
|
454
|
369
|
554
|
261
|
313
|
562
|
768
|
|
Income from Continuing Operations |
5
|
32
|
65
|
90
|
106
|
100
|
96
|
99
|
91
|
92
|
83
|
75
|
62
|
48
|
43
|
35
|
19
|
10
|
25
|
25
|
34
|
43
|
26
|
2
|
(8)
|
(118)
|
(421)
|
(443)
|
(535)
|
(556)
|
(1 319)
|
(1 310)
|
(1 470)
|
(878)
|
207
|
90
|
429
|
(85)
|
(210)
|
(407)
|
(1 167)
|
|
Net Income (Common) |
5
N/A
|
32
+535%
|
65
+103%
|
90
+38%
|
106
+18%
|
100
-6%
|
96
-4%
|
99
+3%
|
91
-8%
|
92
+1%
|
83
-10%
|
75
-10%
|
18
-76%
|
4
-76%
|
(1)
N/A
|
(6)
-674%
|
23
N/A
|
13
-43%
|
28
+120%
|
25
-11%
|
34
+35%
|
43
+25%
|
26
-40%
|
2
-92%
|
(8)
N/A
|
(118)
-1 471%
|
(421)
-256%
|
(443)
-5%
|
(535)
-21%
|
(556)
-4%
|
(1 319)
-137%
|
(1 310)
+1%
|
(1 470)
-12%
|
(878)
+40%
|
207
N/A
|
90
-56%
|
429
+375%
|
(85)
N/A
|
(210)
-146%
|
(407)
-94%
|
(1 167)
-187%
|
|
EPS (Diluted) |
0.04
N/A
|
0.13
+225%
|
0.28
+115%
|
0.38
+36%
|
0.46
+21%
|
0.86
+87%
|
0.83
-3%
|
0.85
+2%
|
0.79
-7%
|
0.79
N/A
|
0.72
-9%
|
0.65
-10%
|
0.15
-77%
|
0.03
-80%
|
0
N/A
|
-0.05
N/A
|
0.19
N/A
|
0.12
-37%
|
0.27
+125%
|
0.24
-11%
|
0.33
+38%
|
0.42
+27%
|
0.25
-40%
|
0.01
-96%
|
-0.08
N/A
|
-1.23
-1 438%
|
-4.33
-252%
|
-4.42
-2%
|
-5.34
-21%
|
-4.92
+8%
|
-11.67
-137%
|
-11.58
+1%
|
-12.98
-12%
|
-6.02
+54%
|
1.28
N/A
|
0.63
-51%
|
2.59
+311%
|
-0.49
N/A
|
-1.17
-139%
|
-2.06
-76%
|
-6.06
-194%
|