NASDAQ$MSTR
Strategy Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Announced third quarter 2024 financial results, holding 252,220 BTC with BTC Yield of 17.8% YTD, and announced a $42 billion capital plan.
MicroStrategy Incorporated announced its Q3 2024 financial results, highlighting a transformational quarter with $2.1 billion raised in equity and debt. The company increased its bitcoin holdings by 11% during the quarter and achieved a year-to-date BTC Yield of 17.8%. However, total revenues decreased by 10.3% year-over-year, and the company reported a net loss of $340.2 million.
- Maintained focus on increasing shareholder value through digital transformation of capital.
- Announced a strategic goal of raising $42 billion over the next 3 years through equity and fixed income securities.
- Increased bitcoin holdings by 11% in Q3 2024.
- Revised annual BTC Yield target to 6% to 10% for 2025 through 2027.
Headline financials
Revenue & EPS history
MicroStrategy · Revenue · Quarterly
$116M
Revenue by segment
MicroStrategy · $84.4M total across 2 segments · Q3 2023
- Product Support$66.9M—79.2%
- Other Services$17.6M—20.8%
Forward guidance
MicroStrategy's forward guidance focuses on leveraging digital transformation of capital, raising $42 billion of capital over the next 3 years, and achieving higher BTC Yield.
Tailwinds
- Strategic goal of raising $42 billion of capital over the next 3 years.
- Plan to use additional capital to buy more bitcoin as a treasury reserve asset.
- Targeting an annual BTC Yield of 6% to 10% between 2025 and 2027.
- Proven track record of using intelligent leverage.
- Aim to increase shareholder value by leveraging the digital transformation of capital.
Headwinds
- Fluctuations in the market price of bitcoin.
- Changes in the accounting treatment relating to bitcoin holdings.
- Changes in securities laws or other laws or regulations relating to bitcoin.
- Potential taxation of unrealized gains on bitcoin holdings.
- General economic conditions, including levels of inflation and interest rates.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-0.0%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+3.6%
Avg return
30 days after
44%
29 / 66 earnings
Positive
+26.1%
Q4 2025
Best reaction
-26.9%
Q2 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.2% | +4.3% | -35.4% | |
| Q4 2025 | +26.1% | +17.8% | +24.8% | |
| Q3 2025 | +0.1% | +0.2% | -30.4% | |
| Q2 2025 | -3.5% | +1.5% | -15.8% | |
| Q1 2025 | +3.1% | +2.9% | -3.3% | |
| Q4 2024 | -3.3% | -5.1% | -14.7% | |
| Q3 2024 | -5.3% | -13.7% | +50.0% | |
| Q2 2024 | -10.3% | -15.2% | -18.0% | |
| Q1 2024 | -17.0% | -4.6% | +26.2% | |
| Q4 2023 | +3.5% | +31.7% | +165.0% | |
| Q3 2023 | +7.1% | +8.6% | +24.6% | |
| Q2 2023 | -7.0% | -13.9% | -18.3% | |
| Q1 2023 | -0.1% | -0.5% | -8.1% | |
| Q4 2022 | +6.3% | +6.0% | -7.8% | |
| Q3 2022 | -7.2% | +3.6% | -25.6% | |
| Q2 2022 | +13.8% | +15.7% | -19.9% | |
| Q1 2022 | +0.1% | -19.6% | -33.2% | |
| Q4 2021 | -5.2% | +6.4% | +16.5% | |
| Q3 2021 | +0.0% | +11.1% | -7.3% | |
| Q2 2021 | -3.2% | -3.3% | +9.4% | |
| Q1 2021 | -3.5% | -9.4% | -31.0% | |
| Q4 2020 | +14.3% | +27.4% | +38.9% | |
| Q3 2020 | -7.3% | -4.5% | +54.4% | |
| Q2 2020 | +4.2% | +5.3% | +24.5% | |
| Q1 2020 | -1.3% | -5.1% | -3.0% | |
| Q4 2019 | +7.1% | +6.7% | -4.4% | |
| Q3 2019 | +4.9% | +5.1% | +4.4% | |
| Q2 2019 | +11.9% | +9.9% | +15.7% | |
| Q1 2019 | -5.5% | -5.5% | -10.4% | |
| Q4 2018 | -8.0% | -7.6% | +2.2% | |
| Q3 2018 | +1.0% | +2.3% | +2.6% | |
| Q2 2018 | -4.5% | -3.8% | +10.6% | |
| Q1 2018 | -3.7% | -0.6% | -0.7% | |
| Q4 2017 | -0.4% | +0.1% | -0.2% | |
| Q3 2017 | +2.2% | -4.1% | -0.3% | |
| Q2 2017 | -26.9% | -28.9% | -34.3% | |
| Q1 2017 | -1.5% | -2.6% | -6.3% | |
| Q4 2016 | -1.5% | -2.0% | -4.6% | |
| Q3 2016 | +11.5% | +13.5% | +15.2% | |
| Q2 2016 | -4.4% | -8.6% | -8.5% | |
| Q1 2016 | -3.8% | — | — | |
| Q4 2015 | +13.7% | — | — | |
| Q3 2015 | -10.6% | — | — | |
| Q2 2015 | +11.4% | — | — | |
| Q1 2015 | +7.8% | — | — | |
| Q4 2014 | -2.2% | — | — | |
| Q3 2014 | +0.4% | — | — | |
| Q2 2014 | +8.4% | — | — | |
| Q1 2014 | -3.6% | — | — | |
| Q4 2013 | +4.0% | — | — | |
| Q3 2013 | +24.7% | — | — | |
| Q2 2013 | -1.5% | — | — | |
| Q1 2013 | -7.7% | — | — | |
| Q4 2012 | -1.7% | — | — | |
| Q3 2012 | -13.9% | — | — | |
| Q2 2012 | -1.0% | — | — | |
| Q1 2011 | -4.4% | — | — | |
| Q1 2012 | -4.4% | — | — | |
| Q1 2010 | +4.1% | — | — | |
| Q2 2011 | +4.1% | — | — | |
| Q4 2011 | +4.1% | — | — | |
| Q4 2009 | +4.1% | — | — | |
| Q3 2011 | -0.8% | — | — | |
| Q3 2010 | -0.8% | — | — | |
| Q2 2010 | -9.8% | — | — | |
| Q4 2010 | -9.8% | — | — |
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