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��� Q3 2024 Financial Results October 30, 2024 Copyright © 2024 MicroStrategy Incorporated. All Rights Reserved. MicroStrategy Q3 2024 Earnings Call Safe Harbor Statement FORWARD-LOOKING STATEMENTS Some of the information we provide in this presentation regarding our future expectations, plans, and prospects may constitute forward-looking statements. Actual results may differ materially from these forward-looking statements due to various important factors, including the risk factors discussed in our most r ...

Bitcoin Holdings and Investments - MicroStrategy holds 252,220 BTC with a YTD BTC Yield of 17.8%[1][5] - Q3 2024 saw an 11% increase in bitcoin holdings and a reduction in annualized interest expense by $24 million[3] - The carrying value of digital assets (252,220 bitcoins) was $6.851 billion as of September 30, 2024[6] - MicroStrategy's Bitcoin holdings increased to 226,331 BTC as of June 30, 2024, with a carrying value of $5.69 billion[40] - The company purchased 25,889 BTC in Q3 2024 at an average price of $60,839 per Bitcoin, using $1.105 billion from stock sales and $458.2 million from convertible notes[40] - Total Bitcoin impairment losses reached $2.64 billion as of June 30, 2024[40] - The market value of Bitcoin holdings at the end of Q2 2024 was $14.02 billion, based on the ending price of $61,926.69 per Bitcoin[41] - MicroStrategy's Bitcoin purchases in 2024 totaled 63,070 BTC, acquired at an average price of $50,817 per Bitcoin[40] - The highest market price per Bitcoin during Q2 2024 was $72,777, resulting in a potential market value of $16.47 billion for the company's holdings[41] - The company's Bitcoin holdings have grown by 93,831 BTC (70.8%) since December 31, 2022[40] - MicroStrategy's Bitcoin holdings represent a total investment of $8.33 billion as of June 30, 2024[40] - The company's Bitcoin purchases in 2024 were funded primarily through convertible notes and stock sales, totaling over $3.17 billion[40] Financial Performance - Total revenues for Q3 2024 were $116.1 million, a 10.3% decrease year-over-year[11] - Gross profit for Q3 2024 was $81.7 million, representing a 70.4% gross margin[12] - Operating expenses increased by 301.6% year-over-year to $514.3 million, including $412.1 million in impairment losses on digital assets[13] - Net loss for Q3 2024 was $340.2 million, or $1.72 per share on a diluted basis[14] - Total revenues for the nine months ended September 30, 2024, were $342.759 million, compared to $371.777 million for the same period in 2023[34] - Digital asset impairment losses for the nine months ended September 30, 2024, were $783.807 million, compared to $76.613 million for the same period in 2023[34] - Net loss for the nine months ended September 30, 2024, was $495.851 million, compared to a net income of $339.995 million for the same period in 2023[34] - Net loss for Q3 2024 was $340.2 million, compared to a net loss of $143.4 million in Q3 2023[50] - Non-GAAP net loss for Q3 2024 was $307.8 million, compared to a non-GAAP net loss of $127.7 million in Q3 2023[50] - Total revenues for Q3 2024 decreased by 10.3% YoY to $116.1 million, with a constant currency decrease of 10.5%[53] - Subscription services revenue increased by 32.5% YoY to $27.8 million in Q3 2024, with a constant currency increase of 32.0%[53] - Product licenses revenue decreased by 53.9% YoY to $11.1 million in Q3 2024, with a constant currency decrease of 53.2%[53] - Total deferred revenue as of September 30, 2024, was $190.7 million, down from $236.7 million at the end of 2023[57] - Software business segment revenue for Q3 2024 was $116.1 million, down from $129.5 million in Q3 2023[58] - Gross profit for Q3 2024 was $81.7 million, compared to $102.8 million in Q3 2023[58] - Operating loss for Q3 2024 was $432.6 million, compared to an operating loss of $25.2 million in Q3 2023[58] - Share-based compensation expense for Q3 2024 was $19.4 million, up from $16.8 million in Q3 2023[50] - Total revenues for the nine months ended September 30, 2024, were $342.759 million, compared to $371.777 million for the same period in 2023[59] - Gross profit for the nine months ended September 30, 2024, was $247.460 million, down from $290.054 million in the same period in 2023[59] - Total operating expenses for the nine months ended September 30, 2024, were $1.084 billion, significantly higher than $362.316 million in the same period in 2023[59] - Loss from operations for the nine months ended September 30, 2024, was $836.558 million, compared to a loss of $72.262 million in the same period in 2023[59] Capital and Debt Management - The company announced a $42 billion capital plan, including $21 billion in equity and $21 billion in fixed-income securities[1][2] - Long-term debt increased to $4.212 billion as of September 30, 2024, from $2.182 billion as of December 31, 2023[37] - Net cash used in investing activities for the nine months ended September 30, 2024, was $4.011 billion, compared to $690.550 million for the same period in 2023[39] - Net cash provided by financing activities for the nine months ended September 30, 2024, was $4.046 billion, compared to $676.025 million for the same period in 2023[39] - Total liabilities increased to $4.570 billion as of September 30, 2024, from $2.598 billion as of December 31, 2023[37] - Total stockholders' equity increased to $3.774 billion as of September 30, 2024, from $2.165 billion as of December 31, 2023[38] - Cash, cash equivalents, and restricted cash decreased to $48.205 million as of September 30, 2024, from $48.673 million at the beginning of the period[39] Corporate Actions and Strategic Updates - The company revised its long-term BTC Yield target to 6% to 10% for 2025 through 2027[5] - MicroStrategy completed a 10-for-1 stock split on August 7, 2024[4] - MicroStrategy introduced a new Corporate & Other category in 2024, which includes impairment charges and other third-party costs related to its digital asset holdings[59] Non-GAAP Metrics - MicroStrategy's non-GAAP loss from operations for Q3 2024 was $413.2 million, compared to $8.4 million in Q3 2023[49] - Non-GAAP net loss for Q3 2024 was $307.8 million, compared to a non-GAAP net loss of $127.7 million in Q3 2023[50]

MIAMI, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a pioneer in leveraged single-stock ETFs, is excited to announce an increase in leverage for two of its flagship products, MSTX and SMST, from 1.75x and 1.5x respectively to 2x daily target exposure. This change marks a strategic enhancement, positioning Defiance to stay at the forefront of the market amid increased investor interest. MSTX, Defiance's first-of-its-kind leveraged ETF providing long exposure to MicroStrategy (NASDAQ: MSTR), will now deli ...

As the cryptocurrency sector remains a rollercoaster ride for investors, three heavyweights – MicroStrategy Inc. MSTR, Riot Platforms Inc. RIOT, and Coinbase Global Inc. COIN – are gearing up to release their third-quarter earnings on Wednesday.With varied year-to-date performances and significant price movements, the question on everyone's mind is: which of these crypto stocks is primed for a bullish breakout?MicroStrategy: Riding High On BitcoinMicroStrategy has become a darling for crypto investors, boas ...

MicroStrategy Today MSTR MicroStrategy $264.60 +9.26 (+3.63%) 52-Week Range $41.00 ▼ $264.60 Price Target $220.00 Add to Watchlist MicroStrategy NASDAQ: MSTR is a business intelligence software company that helps organizations analyze their data to make better business decisions. But in recent years, MicroStrategy's brand has become synonymous with Bitcoin. The company has been aggressively acquiring the cryptocurrency, which is turning its stock into a high-stakes wager on the future. The company's strateg ...

Regardless of who wins the presidency, investors are better off focusing on top growth stocks.The U.S. presidential election is right around the corner, and many investors would be wondering which stocks could benefit most, based on who will become the next president.But basing your investment decisions on election results isn't a surefire recipe for success. And if you're investing for the long haul, even a four-year presidential term could conceivably be considered short-term in the grand scheme of things ...

Can this scorching-hot stock go even higher?MicroStrategy (MSTR 0.30%) has benefited from a couple of strong bullish waves the past couple of years: cryptocurrency and artificial intelligence (AI). The company has been adding to its Bitcoin holdings and it has also been rolling out AI-powered business intelligence solutions, which it believes can add value for its customers.Since the beginning of the year, shares of MicroStrategy have soared more than 240%. The stock has been doing especially well in just t ...

No two companies conducting stock splits are created equally.In case you haven't noticed, the bull market is in full swing on Wall Street. The ageless Dow Jones Industrial Average, broad-based S&P 500, and growth-fueled Nasdaq Composite, have all soared to multiple record highs in 2024.While much of this optimism has been attributed to the hype surrounding artificial intelligence (AI), it would be a mistake to overlook the role investor euphoria has played in lifting the tide for market-leading businesses e ...

It might come as a surprise to some readers that, at the moment of publication, Nvidia (NASDAQ: NVDA) is not the best-performing big name of 2024. And it isn't a media favorite like MicroStrategy (NASDAQ: MSTR) or Palantir (NYSE: PLTR) — that title belongs to Vistra Corp (NYSE: VST), a Texas-based utility company that has seen gains of 235.36% year-to-date (YTD). VST has benefited enormously from the AI boom — the energy business is the largest competitive power generator in the U.S. and a crucial piece of ...