Filing Flows › Strategy (MSTR) › Q2 2026 › vs Q2 2025
Strategy (MSTR) Q2 2026 vs Q2 2025 (year over year)
Strategy's revenue rose $7.9M (+7%) from $114M in Q2 2025 to $122M in Q2 2026. The biggest changes: Total product licenses and subscription services +$18.5M (+39%); Product support −$11.8M (-23%); Other services +$1.2M (+8%).
Strategy, Q2 2026: revenue $122M (+7% year over year), net loss $8.2B, operating cash flow −$4.1M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Subscription services | $62.9M | $40.8M | $22.0M | +54% |
| Product licenses | $3.7M | $7.2M | −$3.5M | -49% |
| Total product licenses and subscription services | $66.5M | $48.0M | $18.5M | +39% |
| Product support | $40.2M | $52.1M | −$11.8M | -23% |
| Other services | $15.6M | $14.4M | $1.2M | +8% |
| Revenue | $122M | $114M | $7.9M | +7% |
| Other income, net | $113M | −$26.2M | $139M | — |
| Net loss | $8.2B | −$10.0B | $18.2B | — |
| Costs & expenses | $8.5B | $114M | $8.3B | 74× |
| Operating costs | $8.5B | −$13.9B | $22.4B | — |
| Income tax | $1.6M | $4.0B | −$4.0B | -100% |
| Cost of revenue | $40.8M | $35.8M | $5.1M | +14% |
| Operating cash sources | $8.2B | −$10.0B | $18.2B | — |
| Depreciation & amortization | $12.4M | $9.1M | $3.2M | +36% |
| Share-based compensation | $14.3M | $15.7M | −$1.5M | -9% |
| Working capital & other | $8.2B | −$10.1B | $18.3B | — |
| Cash used in operations | $4.1M | $34.9M | −$30.8M | -88% |
| Net loss absorbed | $8.2B | −$10.0B | $18.2B | — |
Questions
How much did Strategy's revenue grow year over year in Q2 2026?
Strategy's revenue rose $7.9M (+7%) from $114M in Q2 2025 to $122M in Q2 2026.
What drove Strategy's revenue change in Q2 2026?
Total product licenses and subscription services +$18.5M (+39%); Product support −$11.8M (-23%); Other services +$1.2M (+8%).