NASDAQ$MSTR

Strategy Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter of its 2021 fiscal year.

MicroStrategy's total revenues for Q4 2021 were $134.5 million, a 2.4% increase compared to Q4 2020. The company's net loss for the quarter was $90.0 million, or $8.43 per share on a diluted basis, compared to a net income of $2.7 million, or $0.27 per share on a diluted basis, for Q4 2020.

  • Total revenues for the fourth quarter of 2021 were $134.5 million, a 2.4% increase compared to the fourth quarter of 2020.
  • Product licenses and subscription services revenues for the fourth quarter of 2021 were $44.4 million, a 15.1% increase compared to the fourth quarter of 2020.
  • Loss from operations for the fourth quarter of 2021 was $137.5 million.
  • Net loss for the fourth quarter of 2021 was $90.0 million, or $8.43 per share on a diluted basis.

Headline financials

Total Revenue

$135M

Previous: $131M+2.4%
EPS (adj)

-$0.84

Previous: $0.21-500.0%
Capital Expenditures

$824K

Previous: $2.49M-66.9%
Free Cash Flow

$2.42M

Previous: $22.8M-89.4%
Net Income

-$90M

Previous: $2.7M-3432.5%
Operating Income

-$137M

Previous: $400K-34466.8%
Gross Profit

$111M

Previous: $111M+0.0%
Cash & Equivalents

$63.4M

Previous: $59.7M+6.1%
Total Assets

$3.56B

Previous: $1.47B+142.7%
Stock-Based Comp

$13.2M

Previous: $3.26M+304.0%

Revenue & EPS history

MicroStrategy · Revenue · Quarterly

$135M

Q4 2021+2.4%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

MicroStrategy · $135M total across 3 segments · Q4 2021

  • Product Support
    $69.1M-3.8%
  • Licenses & Subscriptions
    $44.4M+15.1%
  • Other Services
    $21M+0.5%

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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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