Strategy Q2 FY26: where the revenue came from and where it went
The whole income statement of Strategy for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2026
- Reported
- Aug 3, 2026
Revenue$0.12B
+7% year over year
Gross profit$0.08B
67% margin
Operating profit−$8.33B
−6808% margin
Net profit−$8.22B
−6717% margin
Net profit is larger than what operations earned, because the statement adds $0.11B below it, under Other income, net.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 0.12 | 100% | +7% |
| Subscription & circulation | 0.06 | 52% | +54% |
| Product support | 0.04 | 33% | |
| Service other | 0.02 | 13% | |
| License | <0.01 | 3% | −49% |
| Cost of revenue | −0.04 | 34% | |
| Gross profit | 0.08 | 67% margin | −2pp |
| Digital asset losses | −8.32 | 6816% | |
| R&D | −0.02 | 19% | −2pp |
| Sales & marketing | −0.03 | 28% | −2pp |
| G&A | −0.04 | 33% | +1pp |
| Operating profit | −8.33 | −6808% margin | −19064pp |
| Other income, net | 0.11 | ||
| Net profit | −8.22 | −6717% margin | −15470pp |
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