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Dec 31, 2023

MicroStrategy Q4 2023 Earnings Report

Announced fourth quarter 2023 financial results and holding 190,000 BTC.

Key Takeaways

MicroStrategy reported a decrease in total revenues but an increase in subscription service revenues for Q4 2023. The company strategically increased its bitcoin holdings and launched MicroStrategy AI.

Acquired 31,755 bitcoins since the end of Q3 for $1.25 billion.

Holdings reached 190,000 bitcoins at a total cost of $5.93 billion as of February 5, 2024.

Total revenues decreased by 6% year-over-year to $124.5 million.

Subscription Services Revenues increased by 23% year-over-year to $21.5 million.

Total Revenue
$124M
Previous year: $133M
-6.1%
EPS
$0.56
Previous year: -$2.05
-127.3%
Gross Profit
$96.3M
Previous year: $106M
-9.0%
Cash and Equivalents
$46.8M
Previous year: $43.8M
+6.9%
Free Cash Flow
$837K
Previous year: -$18.8M
-104.4%
Total Assets
$4.76B
Previous year: $2.41B
+97.6%

MicroStrategy

MicroStrategy

MicroStrategy Revenue by Segment

Forward Guidance

MicroStrategy believes that the combination of its operating structure, bitcoin strategy, and focus on technology innovation provides a unique opportunity for value creation for its shareholders.

Revenue & Expenses

Visualization of income flow from segment revenue to net income