Strategy Q1 net loss widens to $12.54 billion as revenue rises 11.9%
Strategy Inc reported a first-quarter 2026 net loss of $12.54 billion, or $38.25 per diluted common share, compared with a net loss of $4.22 billion, or $16.49 per share, a year earlier. The operating loss included a $14.46 billion unrealized loss on digital assets, while total revenue rose 11.9% to $124.3 million, so the headline loss figures moved sharply against the revenue trend for shareholders.
Key points
- Operating loss of $14.47 billion in Q1 2026, versus $5.92 billion in Q1 2025, including a $14.46 billion unrealized loss on digital assets
- Total revenue of $124.3 million, up from $111.1 million; gross profit of $83.4 million at a 67.1% margin, versus 69.4% a year earlier
- Cash and cash equivalents of $2.21 billion as of March 31, 2026, down from $2.30 billion at December 31, 2025
- Holdings of 818,334 bitcoin as of May 3, 2026; STRC raised $5.58 billion year to date in 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.