| Metric | Value ($ M) | Q4 FY25 | Q1 FY25 |
|---|---|---|---|
| Revenue | 128.69 | 12.4% | 10.9% |
| Total Income | 128.69 | 12.4% | 10.9% |
| Expenditure | -3.8K | 73.0% | 785.7% |
| PBT | 3.9K | 72.4% | 908.7% |
| Net Profit | 2.8K | 72.2% | 918.7% |
| OPM | 100.00% | 0.00pp | |
| NPM | 100.00% | 0.00pp | |
| EPS | 9.30 | 74.3% | 640.7% |
Strategy Inc Announces Q3 2025 Results; Net Income of $2.8 Billion
04 May 2026 · 4 May, 8:23 am
Summary
Strategy Inc announced its financial results for the third quarter of 2025, reporting a net income of $2.8 billion and diluted EPS of $8.42. The company's operating income for the quarter was $3.9 billion, driven by unrealized gains on its digital assets. Strategy Inc reaffirmed its full-year guidance, projecting operating income of $34 billion, net income of $24 billion, and diluted EPS of $80 per share. The company continues to expand its bitcoin holdings and innovate with new credit instruments.
Key Highlights
- 1
Strategy Inc reported operating income of $3.9 billion for the third quarter of 2025.
- 2
Net income for Q3 2025 reached $2.8 billion, resulting in diluted EPS of $8.42.
- 3
The company's bitcoin holdings increased to 640,808 with a total cost of $47.44 billion as of October 26, 2025.
- 4
Strategy Inc achieved a BTC Yield of 26.0% year-to-date as of October 26, 2025.
- 5
The company reaffirmed its full-year guidance, projecting operating income of $34 billion, net income of $24 billion, and diluted EPS of $80 per share.
- 6
Total revenues were $128.7 million, a 10.9% increase year-over-year compared to the third quarter of 2024.
- 7
Subscription Services Revenues increased by 65.4% year-over-year to $46.0 million.
Management Comments
Phong Le
“In the third quarter and into October, Strategy continued to strengthen its position as the world’s leading Bitcoin Treasury Company. We increased our bitcoin holdings to 640,808 bitcoin and have raised $20 billion year-to-date through our robust capital markets platform. We remain fully aligned with our STRC guidance framework and have announced a 25 bps increase in the STRC dividend rate to 10.50% for November. We are also actively laying the groundwork for credit securities in international jurisdictions, positioning Strategy to become a dominant credit issuer globally. With this momentum, we are reaffirming our full year targets of $20 billion BTC $ Gain and 30% BTC Yield.”
Andrew Kang
“Strategy generated third quarter 2025 operating income of $3.9 billion, net income of $2.8 billion and diluted EPS of $8.42 per share, our second consecutive quarter of significant positive earnings, built on the strength of our Bitcoin balance sheet and the capitalization of the company on digital credit. We generated BTC Yield of 26% and BTC $ Gain of $13 billion, year-to-date, and we are reaffirming our full-year guidance for operating income of $34 billion, net income of $24 billion, and diluted EPS of $80 per share, based on a BTC price outlook of $150,000 at the end of the year,”
Michael Saylor
“Strategy has built over $71 billion of transparent, scalable, and homogeneous collateral, enabling us to be the leading issuer of digital credit with a broad suite of securities across the yield and volatility spectrum. Our digital treasury business model allows us to create tax-efficient credit instruments with ‘ROC’ (return of capital) dividends, offering superior yield compared to traditional credit. S&P recently issued a ‘B-’ credit rating for Strategy*, which we believe will substantially expand the addressable market for our securities, and we continue to innovate with new credit instruments. Together, we believe these developments will drive greater BTC amplification to the benefit of our common stock investors,”
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