STRF

EX-99.1

2 mstr-20261029x8kxex9912.htm

EX-99.1

Document

Exhibit 99.1

Contact:

Strategy

CJ (Chaitanya Jain)

Head of Investor Relations

ir@strategy.com

Strategy Announces Third Quarter Financial Results;

Operating Income of $21 Billion and Diluted EPS of $44.75

Digital Capital Highlights (as of October 25, 2026)

▪848,517 bitcoin holdings, 26% growth year to date 2026

▪$20.91 billion gain on digital assets in the third quarter of 2026

▪$14.33 billion of bitcoin purchased year to date 2026

Digital Equity Highlights (as of October 25, 2026)

▪$19.12 billion net income attributable to common stockholders and $44.75 diluted EPS in the third quarter of 2026

▪$21.23 billion of capital raised year to date, 4th largest equity issuer in the U.S.

▪76% MSTR stock price increase vs. 43% BTC price increase in the third quarter of 2026

Digital Credit Highlights (as of October 25, 2026)

▪Returned STRC to health by executing $2.04 billion(1) of repurchases and growing USD Assets to $5.07 billion, providing 3.4 years of coverage on dividend and interest obligations

▪Upgraded STRC to daily dividends starting November 1, 2026 and STRF, STRK, and STRD to daily dividends starting January 1, 2027

▪$1.48 billion in cumulative dividends paid on all preferred stock to date

(1) Includes shares repurchased but not yet settled as of October 25, 2026.

TYSONS CORNER, Va., October 29, 2026 – Strategy Inc (Nasdaq: STRF/STRC/STRK/STRD/MSTR; LuxSE: STRE) (“Strategy” or the “Company”), the largest institutional holder of bitcoin and the world’s first Bitcoin Treasury Company, today announces financial results for the three-month period ended September 30, 2026 (the third quarter of its 2026 fiscal year).

“Strategy demonstrated its commitment to returning STRC to health. We grew our USD Assets to $5.1 billion, increased USD Duration to 3.4 years, and repurchased $2.0 billion of STRC. We also continued to innovate. With shareholder approval on October 28, we upgraded STRF, STRC, STRK, and STRD to daily dividends, so investors can accrue dividends every calendar day of the year, including weekends and holidays. Daily dividends are a natural step toward the tokenized, 24/7/365 financial system. Digital Credit is being built for that world, and Strategy intends to lead it,” said Phong Le, President and Chief Executive Officer.

“Q3 operating income of $21 billion was the largest ever in Strategy’s history. We've also raised $21 billion of equity capital and increased our bitcoin holdings by 26% year-to-date in a challenging bitcoin market. Lastly, it has been an honor and privilege to serve as Strategy’s CFO for the past four and a half years, and I am grateful for the support of Michael, Phong, the Board, our employees and our shareholders through the tremendous growth over that period,” said Andrew Kang, Chief Financial Officer.

“We’re at the beginning of the next bitcoin bull market. Banks are embracing bitcoin, bitcoin’s dominance among digital assets is growing, institutional demand is back, and bitcoin price is 21% above its 200-week moving average. Digital Credit continues to grow, with $16 billion in notional value across ten publicly listed securities. Strategy continues to lead this industry with 84% market share and STRC returning to strength,” said Michael Saylor, Founder and Executive Chairman.

Q3 Financial Summary

▪Operating Income: Operating income for the third quarter of 2026 was $20.91 billion, compared to $3.89 billion of operating income for the third quarter of 2025. Operating income for the third quarter of 2026 includes a gain on the Company’s digital assets of $20.91 billion, compared to a gain on the Company’s digital assets of $3.89 billion for the third quarter of 2025.

▪Net Income and Net Income Attributable to Common Stock: For the third quarter of 2026, the Company reported a net income of $19.53 billion, or diluted earnings per common share of $44.75, as compared to a net income of $2.79 billion, or diluted earnings per common share of $8.42, for the third quarter of 2025. Net income attributable to common stockholders for the third quarter of 2026 was $19.12 billion, reflecting $419.6 million of dividends on preferred stock, compared to net income attributable to common stockholders of $2.65 billion, reflecting $139.9 million of dividends on preferred stock, for the third quarter of 2025.

▪Cash and Cash Equivalents, and Short-term Investments: As of September 30, 2026, the Company had cash and cash equivalents of $2.50 billion, as compared to $1.71 billion as of June 30, 2026. As of September 30, 2026, the Company had short-term investments of $3.40 billion, as compared to short-term investments of $736.1 million as of June 30, 2026.

▪Revenues: Total revenues for the third quarter of 2026 were $125.4 million, compared to total revenues of $128.7 million for the third quarter of 2025, a 3% decrease year-over-year.

▪Gross Profit: Gross profit for the third quarter of 2026 was $89.6 million,