Strategy Inc (formerly MicroStrategy Incorporated) is a Delaware-incorporated company headquartered in Tysons Corner, Virginia, operating both a business intelligence and analytics software segment and a large-scale bitcoin acquisition and treasury strategy. The company holds bitcoin as its primary asset, funded through equity issuance and preferred stock offerings, and has listed four series of perpetual preferred stock (STRF, STRC, STRK, STRD) alongside its Class A common stock (MSTR) on the Nasdaq Global Select Market. As of September 30, 2025, digital assets totaling $73.2 billion represented the dominant portion of the company's $73.6 billion in total assets.

What is MSTR's DredgeCap risk score?

DredgeCap's AI analysis rates MSTR at 6.2/10 on the risk scale — High risk. This score reflects dilution exposure, debt toxicity, liquidity position, and going-concern posture as disclosed in SEC filings.

Does MSTR have a going concern warning?

No current auditor going-concern warning is flagged in MSTR's SEC filings. Risk assessment is based on other filing-disclosed factors.

When did MSTR last file with the SEC?

MSTR's most recent SEC filing was a 8-K filed 2026-04-06. All filings are available on SEC EDGAR.

← MSTR Overview

10-QMay 6, 2026· Quarter Ended March 31, 2026

MSTR — 10-Q Filing

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MSTR 10-Q Summary

For the quarter ended March 31, 2026, Strategy Inc reported revenue of $124.3M, up 11.9% year-over-year. Operating loss came in at $14.47B, 144.4% narrower compared to last year's $5.92B loss; net loss widened to $12.77B from $4.23B in the same quarter last year.

MSTR Financial Highlights

Metric

Q-End 03/26

Q-End 03/25

Revenue

$124.3M

$111.1M

▲+11.9% YoY

Gross Profit

$83.4M

$77.1M

▲+8.1% YoY

Operating Income

-$14.47B

-$5.92B

▼-144.4% YoY

Net Income

-$12.77B

-$4.23B

▼-202.1% YoY

Current DredgeCap Risk Profile

Risk Score

6.2/10

ELEVATED

Dilution

7.5

Debt Toxicity

5.5

Going Concern

✓ Not flagged

The risk profile above reflects the latest cached DredgeCap analysis for MSTR. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open MSTR's company page.

What is a 10-Q?

A quarterly report covering the three months just ended. Includes unaudited condensed financial statements (balance sheet, income statement, cash flow), Management Discussion and Analysis (MD&A), and disclosure of material changes since the last annual report. Required for the first three fiscal quarters; the fourth quarter is rolled into the 10-K.

More on MSTR

Financial highlights are sourced directly from the 10-Q income statement (three months ended). YoY % compares to the same quarter one year earlier as reported by the issuer. The plain-language summary above is composed mechanically from the filing's reported numbers — no analysis or opinion. Form-type explainers and 8-K item descriptions are derived from SEC documentation. This page does not constitute investment advice. Always consult the original filing on SEC EDGAR for authoritative content, and consult a licensed financial advisor for investment decisions.