Q4 2024 Financial Results February 5, 2025 Copyright © 2025 Strategy. All Rights Reserved. Strategy Q4 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 recent Quarterly Report on ...

MicroStrategy Incorporated (NASDAQ:MSTR) Q4 2024 Earnings Conference Call February 5, 2025 5:00 PM ET Company Participants Shirish Jajodia - VP, IR & Treasury Phong Le - President & CEO Andrew Kang - Senior Executive Vice President & CFO Michael Saylor - Executive Chairman Conference Call Participants Shirish Jajodia Hello, everyone, and good evening. I am Shirish Jajodia, Corporate Treasurer and Head of Investor Relations at Strategy. I will be your moderator for Strategy's 2024 Fourth Quarter Earnings Web ...

MicroStrategy (MSTR) reported a wider-than-expected loss for the fourth quarter and said it is changing its name to "Strategy." The largest corporate holder of bitcoin saw revenue fall 3% year-over-year to $120.7 million, below the analyst consensus compiled by Visible Alpha. The company swung to a wider-than-expected loss of $670.8 million, or $3.03 per share, from a profit of $89.1 million, or 50 cents per share, a year earlier. During the quarter, Strategy purchased 218,887 bitcoins for $20.5 billion, i ...

Michael Saylor, chairman of MicroStrategy, speaks at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Friday, July 26, 2024. The conference is an annual event organized by BTC Media LLC for fans of the original cryptocurrency. Photographer: Liam Kennedy/Bloomberg via Getty ImagesStrategy, the largest corporate holder of bitcoin, said it's almost halfway to its ambitious capital raising goal as it went on a buying spree throughout the postelection rally.The company formerly known as MicroStrategy ...

Bitcoin Holdings and Strategy - Strategy holds 471,107 BTC, with a carrying value of $23.909 billion as of December 31, 2024[1][10] - The company acquired 218,887 bitcoins for $20.5 billion in Q4 2024, marking the largest quarterly increase in bitcoin holdings[3] - The company revised its annual BTC Yield target to a minimum of 15% for 2025, down from 74.3% achieved in FY 2024[6][7] - Strategy aims for an annual BTC $ Gain target of $10 billion for 2025, with a BTC Gain of 140,538 for FY 2024[6][7] - The average purchase price per Bitcoin held increased to $62,503 by December 31, 2024, compared to $31,168 at the end of 2023[43] - The company purchased Bitcoin worth $15.09 billion in the fourth quarter of 2024, significantly higher than previous quarters, indicating aggressive accumulation strategy[45] - MicroStrategy's total bitcoins held increased from 132,500 at the end of December 2022 to 447,470 by December 31, 2024, reflecting a growth of approximately 237%[47] Financial Performance - Total revenues for Q4 2024 were $120.7 million, a 3.0% decrease year-over-year, while subscription services revenues increased by 48.4% to $31.9 million[10] - The company reported a net loss of $1.17 billion for the twelve months ended December 31, 2024, compared to a net income of $429.1 million for the same period in 2023[36] - Basic loss per share for the three months ended December 31, 2024, was $(3.03), compared to earnings of $0.58 per share for the same period in 2023[36] - The company's total operating expenses for the twelve months ended December 31, 2024, were $2.19 billion, compared to $501.4 million for the same period in 2023[36] - The net income for the three months ended December 31, 2024, was a loss of $670,810, compared to a net income of $89,126 in the same period of 2023[61] - Total expenses for the year ended December 31, 2024, were $2,316,434, compared to $611,308 in 2023, indicating a substantial increase in costs[62] - The loss from operations for the year ended December 31, 2024, was $1,852,978, compared to a loss of $115,047 in 2023[62] Asset and Liability Changes - Total assets increased significantly to $25.84 billion in 2024 from $4.76 billion in 2023, representing a growth of approximately 442%[39] - Digital assets surged to $23.91 billion in 2024, up from $3.63 billion in 2023, marking an increase of about 558%[39] - Total liabilities increased to $7.61 billion in 2024 from $2.60 billion in 2023, an increase of approximately 193%[39] - Stockholders' equity rose to $18.23 billion in 2024, up from $2.16 billion in 2023, representing an increase of about 743%[39] Cash Flow and Financing Activities - Cash and cash equivalents decreased to $38.1 million as of December 31, 2024, down from $46.8 million a year earlier[17] - Net cash used in operating activities was $(53.03) million in 2024, compared to $12.71 million in 2023, indicating a decline in operational cash flow[41] - Net cash used in investing activities rose dramatically to $(22.09) billion in 2024 from $(1.91) billion in 2023, reflecting increased investment in digital assets[41] - The company provided $22.13 billion in financing activities in 2024, a substantial increase from $1.89 billion in 2023, highlighting strong capital raising efforts[41] Impairment and Market Volatility - Operating expenses surged to $1.103 billion, a 693.2% increase year-over-year, primarily due to impairment losses on digital assets of $1.006 billion[9] - Digital asset impairment losses for the three months ended December 31, 2024, were $1.01 billion, significantly higher than $39.2 million for the same period in 2023[36] - Digital asset impairment losses totaled $(4.06) billion in 2024, reflecting the volatility in the cryptocurrency market[43] Stock and Shareholder Information - The company issued 42,308,443 shares of class A common stock for net proceeds of approximately $15.1 billion during Q4 2024[10] - Strategy completed a 10-for-1 stock split on August 7, 2024, retroactively adjusting prior period share information[4] - The company has not paid any dividends on its class A common stock historically and does not intend to do so in the future[30] Market Conditions and Future Outlook - The company's ability to achieve positive BTC Yield, BTC Gain, or BTC $ Gain may depend on various factors, including the price of bitcoin and the availability of financing[31] - Forward-looking statements indicate that actual results may differ materially due to risks such as fluctuations in bitcoin prices and changes in regulations[33] Revenue Segmentation - Total product licenses and subscription services revenue for the twelve months ended December 31, 2024, was $155,343, a slight decrease of 0.8% from $156,530 in 2023[62] - Deferred subscription services revenue increased significantly to $107,119 in 2024 from $65,512 in 2023[58] - Subscription services revenue increased by 48.4% to $31,930 for the three months ended December 31, 2024, compared to $21,517 in the same period of 2023[61]

MicroStrategy Inc MSTR will be reporting its fourth-quarter earnings on Wednesday. Wall Street expects a loss of seven cents per share for the quarter and $123.25 million in revenues as the company reports after market hours.The stock is up 609.97% over the past year, 16.10% YTD.Let’s look at what the charts indicate for MicroStrategy stock and how the stock currently maps against Wall Street estimates.Read Also: Here’s How Much $1000 Invested In MicroStrategy 20 Years Ago Would Be Worth TodayMicroStrategy ...

Shares of Michael Saylor‘s MicroStrategy Inc MSTR declined over 5% in premarket hours on Monday after Bitcoin BTC/USD prices fell.What Happened: Bitcoin, along with other cryptocurrencies tumbled after President Donald Trump‘s tariff war pounded the capital markets.After falling on Sunday below $92,000 for the first time since Jan. 13, BTC recovered to 95,152.35, on Monday, still down 4.2%, during the publication of this article.Bitcoin’s levered play MicroStrategy was down 5.81% to $315.35 per share, follo ...

A largely under-the-radar stock-split stock remains an amazing value amid a pricey market, while another highflier appears to be in a bubble.It's a great time to be an optimist on Wall Street. For more than two years, the bulls have been in firm control, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all recently achieving record-closing highs.A plethora of catalysts have helped fuel this rally, including the emergence of artificial intelligence (AI), Donald Trump's return to the White ...

MIAMI BEACH, FLORIDA - MAY 19: Michael Saylor speaks on stage during Bitcoin Conference 2023 at ... [+] Miami Beach Convention Center on May 19, 2023 in Miami Beach, Florida. (Photo by Jason Koerner/Getty Images for Bitcoin Magazine)Getty Images for Bitcoin Magazine MicroStrategy announced the pricing for a Preferred stock offering today and it is very interesting what it has to pay for this round of raising money to buy more bitcoin.On November 21 last year it raised almost $3 billion with a Convertible Se ...

Core Insights - MicroStrategy has been utilizing innovative fundraising strategies, including at-the-market (ATM) share sales and nearly 0% interest convertible notes, to accumulate Bitcoin as part of its 21/21 plan initiated in late October [1] Group 1 - The company has successfully implemented creative fundraising approaches in recent months [1] - The 21/21 plan introduced in late October has been a significant factor in MicroStrategy's strategy to enhance its Bitcoin holdings [1]