STRC Q2 2024 Earnings — MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock Revenue & Financial Results | Market Cap Arena

STRCMicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock

$28B

Q2 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$111M-7.4% YoY

Gross Profit

$81M72.2% margin

Operating Income

-$200M-179.7% margin

Net Income

-$103M-92.0% margin

EPS (Diluted)

$-0.57

QoQ Revenue Growth

-3.3%

Cash Flow

Operating Cash Flow

-$23M

Free Cash Flow

-$818M

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$7.1B

Total Liabilities

$4.2B

Stockholders' Equity

$2.8B

Cash & Equivalents

$67M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$111M	$120M	-7.4%
Gross Profit	$81M	$93M	-13.7%
Operating Income	-$200M	-$27M	-649.9%
Net Income	-$103M	$22M	-561.1%

Revenue Segments

Product Development Contract Revenue

$3M100%