Abstract

Strategy will release its quarterly results on February 05, 2026 Post Market. The preview consolidates recent financial metrics and forecasts for revenue, margins, and earnings per share, alongside media and institutional perspectives gathered through January 29, 2026.

Market Forecast

For the current quarter, Strategy’s revenue is forecast at USD 118.48 million, with year-over-year change of -3.87%, estimated EBIT at USD 6.75 billion with estimated YoY growth of 467.83%, and estimated EPS at USD 24.81 with estimated YoY growth of 331.73%; margin guidance implies resilience but potential volatility. The main business is centered on product licenses and subscription services, product support, and other services, with the most promising segment expected to be product licenses and subscription services given its scale; product licenses and subscription services contributed USD 63.35 million last quarter, while product support contributed USD 51.12 million, and other services contributed USD 14.23 million.

Last Quarter Review

Strategy’s last quarter reported revenue was USD 128.69 million, gross profit margin was 70.46%, GAAP net profit attributable to the parent company was USD 2.79 billion, net profit margin was 2,164.12%, and adjusted EPS was USD 8.42; year-over-year growth rates were positive for revenue at 10.87% and adjusted EPS at 5.90%, while net profit rose sharply, with quarter-on-quarter net profit change at -72.21%. The quarter’s key highlight was strong EBIT performance, with actual EBIT at USD 3.89 billion, outpacing estimates by USD 0.22 billion, implying large non-operating impacts as well as operating leverage. Main business highlights included product licenses and subscription services revenue of USD 63.35 million and product support revenue of USD 51.12 million, while other services added USD 14.23 million, indicating stable core software-related streams with mixed YoY growth.

Current Quarter Outlook

Main Business: Product Licenses and Subscription Services

The product licenses and subscription services segment remains the core revenue driver, contributing USD 63.35 million last quarter. This unit’s performance provides visibility into recurring software demand and pricing dynamics, and typically anchors overall revenue predictability. For the current quarter, a modest sequential moderation is implied by the total revenue forecast of USD 118.48 million, but underlying subscription renewal patterns and cross-sell into support should maintain continuity. With gross profit margin previously at 70.46%, unit economics support robust contribution even under a softer top line, and management’s continuity in licensing terms and bundled services often cushions volatility.

Most Promising Business: Product Support

Product support at USD 51.12 million last quarter demonstrates consistent tie-in to licenses and subscriptions, serving as a dependable cash flow stream. The support segment benefits from contracted maintenance terms and service-level agreements, and frequently sees less sensitivity to macro conditions than new license sales. Over the current quarter, the value proposition of support—updates, maintenance, and risk mitigation—suggests steady momentum even as headline revenue dips slightly; customer retention fosters multi-quarter revenue recognition and often stabilizes consolidated margins. Given forecast revenue declines are limited in magnitude, support may show percentage mix expansion, sustaining gross margin profile.

Stock Price Drivers This Quarter

Stock performance will be most sensitive to the spread between forecasted and reported EPS (USD 24.81 estimate) and any clarity around EBIT (USD 6.75 billion estimate), as these magnitudes dwarf the reported revenue base and will frame investor perception of operating versus non-operating influences. Variability around margins could arise from fair value changes or gains and losses outside core software operations, which, if substantial, can overshadow operating metrics. Investors will track whether the sharp net profit margin last quarter normalizes or if similar dynamics recur, while revenue trends around USD 118.48 million will be assessed for durability of software demand and renewal cycles.

Analyst Opinions

The majority of institutional commentary over the recent period maintains a constructive stance, focusing on the durability of core software revenues and the potential upside to EPS if non-operating contributions remain supportive. Analysts highlight the gap between the relatively small revenue base and the outsized EPS and EBIT figures, flagging sensitivity to valuation and external gains. A favorable view ties to stable subscription and support streams that underpin cash generation and margin consistency; the bullish case expects revenue near USD 118.48 million, EBITDA strength translating through, and EPS near USD 24.81, with cautious monitoring of YoY declines in revenue and the trajectory of gross margin from the prior 70.46% benchmark. Institutions note that variance in headline growth rates may reflect accounting dynamics rather than deterioration in operational quality, supporting a positive near-term outlook.