Enterprise analytics software (Strategy One and Strategy Mosaic)
Q2 2026 revenue $122.4M (+6.9% YoY); subscription services up 54% to $62.9M while product support fell to $40.2M.
The numbers
What it is
The original MicroStrategy business. Strategy One is the cloud-native BI platform with dashboards, reports, AI agents and embedded analytics. Strategy Mosaic is the universal data layer that defines metrics in one place. This is the operating business that produces the company's reported revenue, and it is the part of the company that traditional software analysts value.
Why it matters to the stock. Its revenue is the only operating cash source in the group, and the shift from perpetual licenses and support to subscriptions decides whether the software base can keep pace with its growing preferred dividend obligations.
News
Strategy Q2 2026 net loss of $8.22B, or $24.45 a share, on $122.4M revenue
Strategy reported second-quarter 2026 revenue of $122.4 million, up 6.9% from a year earlier, but a net loss of $8.22 billion, or $24.45 per diluted share.
Strategy Q1 2026 loss of $12.54B on $124.3M revenue; $14.46B digital-asset markdown
Strategy reported first-quarter 2026 revenue of $124.3M, up 11.9% from $111.1M a year earlier.
Strategy posts $12.4B Q4 2025 net loss as bitcoin falls; FY2025 revenue $477.2M
Strategy's fourth-quarter 2025 release, dated February 5, 2026, reported a net loss of $12.4 billion, or $42.93 per diluted share, driven by the drop in bitcoin's fair value.