Analyst Consensus ?
ConsensusHold1 ratings
Bullish00.0%
Neutral1100.0%
Bearish00.0%
Strategy Inc · STRC · FY2025 Q4 · Calendar Q1 2026
Strategy’s digital-credit expansion meets Bitcoin mark-to-market risk
The supplied analysis describes a business increasingly combining Bitcoin accumulation with preferred and digital-credit financing. Its cash reserve and capital access support the stated plan, while results and balance-sheet measures remain exposed to Bitcoin price changes and funding conditions.
Reported Session unavailableNASDAQTechnology
$32.79B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$-42.93
Consensus $-0.08
EPS surprise
-53562.5%
Reported versus consensus
Reported revenue
$123.0M
Consensus $119.1M
Revenue surprise
+3.2%
Reported versus consensus
Market reaction
close-to-close (session unavailable)
Stock move
-0.0%
Event window
SPY move
-0.6%
Same window
Abnormal move
+0.5%
Stock minus SPY
Volume
1.1×
Versus trailing sessions
Subsequent drift
-0.0%
Up to 20 sessions
STRCSPY benchmark
Ask FN2 about STRC FY2025 Q4
Transcript, numbers and history already loaded
Why did STRC fall 0.0% after missing EPS estimates in FY2025 Q4?What changed in STRC's guidance and outlook in FY2025 Q4?Give me the bull and bear case for STRC after FY2025 Q4 earnings.
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Transcript intelligence
What changed
Compared with the prior-quarter analysis, the FY2025 Q4 account emphasizes a larger Bitcoin position of 713,502 BTC, more than $25 billion raised in 2025, a $2.25 billion cash reserve, and Stretch as a core digital-credit product. The quarter's operating loss was attributed in the supplied analysis to Bitcoin fair-value declines.
Guidance delta
Guidance sentiment is characterized as maintained. The supplied analysis describes continued Bitcoin accumulation and expansion of digital credit, but does not provide a new or revised numerical outlook.
Key takeaways
- The supplied analysis reports 713,502 BTC held at year-end and more than $25 billion raised in 2025.
- A $2.25 billion cash reserve was described as covering more than 2.5 years of dividends.
- Management characterized Stretch, with an 11.25% dividend, as a core growth engine; the analysis notes strong liquidity.
- The reported Q4 operating loss reflected Bitcoin fair-value declines, underscoring the effect of mark-to-market valuation on results.
Management priorities
- Continue Bitcoin accumulation and seek to increase Bitcoin per share through capital raising.
- Expand digital-credit issuance, including Euro-denominated Stream.
- Maintain the USD cash reserve and address Bitcoin security risks, including potential quantum threats.
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Try FN2 freeEarnings History
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Analyst 52W Price Targets
$99.86Current
$252Low
$252Average
$252High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Jefferies | Hold | Buy | Downgrade | Aug 21, 2023 |
Named analyst price targets
Upside is calculated against the persisted current price $99.86. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Credit Suisse | Analyst unavailable | $252 | $111.42 | +152.4% | May 12, 2022 |
Track every rating change on STRC the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationStrategy Inc, together with its subsidiaries, operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally. It offers investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed income instruments. The company also provides AI-powered enterprise analytics software, including Strategy One, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making. In addition, the company provides Strategy Mosaic, a universal intelligence layer that offers enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it. The company was formerly known as MicroStrategy Incorporated and changed its name to Strategy Inc in August 2025. The company was incorporated in 1989 and is headquartered in Tysons Corner, Virginia.
Historical context
All STRC earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| INTC Intel Corp. | FY2026 Q3 · Calendar Q4 2026 | +27.9% | -28.6% | Intel: AI Server Demand Offsets PC Weakness, CapEx Rises |
| GDDY GoDaddy Inc. | FY2026 Q3 · Calendar Q4 2026 | +9.5% | +10.7% | GoDaddy: Airo accelerates while guidance is maintained |
| MPWR Monolithic Power Systems, Inc. | FY2026 Q3 · Calendar Q4 2026 | +5.1% | +1.1% | MPWR tops $1 billion in revenue as data-center demand accelerates |
| TWLO Twilio Inc. | FY2026 Q3 · Calendar Q4 2026 | +12.2% | -15.2% | Twilio raises growth outlook as AI and software adoption expand |
| SNDK Sandisk Corporation | FY2027 Q1 · Calendar Q4 2026 | +6.1% | -13.5% | SNDK: AI-driven NAND demand remains strong, but execution risks persist |
Latest beats and misses
Who reports nextBeat on EPS
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- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the STRC recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-02T14:30:46.752801+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T14:30:46.750075+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.