Strategy posts Q3 2025 net income of $2.8 billion, reversing year-earlier loss
Strategy Inc reported third-quarter 2025 net income of $2.8 billion, or $8.42 per diluted share, compared with a net loss of $340.2 million a year earlier, driven mainly by a $3.9 billion unrealized gain on its bitcoin holdings. The company reaffirmed its full-year 2025 guidance of $34 billion operating income, $24 billion net income and $80 diluted EPS, assuming a year-end bitcoin price of $150,000, and raised the STRC preferred dividend rate to 10.50%.
Key points
- Q3 2025 operating income was $3.9 billion, versus an operating loss of $432.6 million in Q3 2024; net income attributable to common stockholders was $2.6 billion.
- Total software revenues were $128.7 million, up 10.9% year over year, while gross profit was $90.7 million at a 70.5% gross margin.
- The STRC dividend rate rises from 10.25% to 10.50% for monthly periods starting November 1, 2025, with the November dividend of $0.875 per share payable November 30, 2025.
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 October 30, 2025.
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.