MSTRNasdaqFinance Services

Strategy Inc (MSTR) earnings date, market-implied expected move, and options open interest by expiry

135.59

pre 136.10 +0.35%

Pre-market08:11 ETdelayed

Open137.34Volume11.6MMkt cap$57.3BEPS-37.22

Day135.63 – 139.0814%52-wk81.81 – 258.2131%

MSTR

Strategy Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Feb 4

after close · in 92 days

est.Q4 FY26

Calendar

Next report

Last report

−7.84%

vs ±4.1% implied · ×1.90

shaded = implied · ▲▼ = realized

Oct 29 '26 · confirmed

Implied vs realized

Linked news

19hCOIN · supplierStocks making the biggest moves midday: Apple, Palantir, Nvidia, Coinbase, Bloom Energy & more
1dAMZN · supplierBetterInvesting™ Magazine Update on Amazon.com and UnitedHealth Group

News

Largest filed tie

13F top-10 QoQ

+8.53%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

875 managers

Top fund weight

12.83%

MSTR weight · BCOR

N-PORTJun 30 '26

6 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Strategy (MSTR) is expected to report on Feb 4 after close (estimated date).

Implied vs realized

2 reports

—≥ implied

Q2 FY26Jul 30 '26confirmed—▼−4.56%—

Q3 FY26Oct 29 '26confirmed±4.1%▼−7.84%×1.90

quarterimplied−10%0+10%realized×

Q3 FY26±4.1%▼−7.84%×1.90

Q2 FY26—▼−4.56%—

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Nov 3 close

1.33OI · 10 expiries · Nov 3 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

6 nearer expiries

141,098+76%Nov 62d0.62228,820+432%0.62

66,455+29%Nov 139d2.7723,983+11%2.77

123,567+5%Nov 2016d0.81152,145+3%0.81

24,144+40%Nov 2723d2.0511,786+31%2.05

2,583+78%Dec 430d1.092,366+23%1.09

1,425+1501%Dec 1137d0.901,587+1170%0.90

172,856+2%Dec 1844d0.93186,257+3%0.93

158,6800%Jan 1572d0.60265,708+5%0.60

report · Feb 4 · after close · est.

58,167+6%Mar 19135d43,881+1%

4,549+6%Apr 16163d0.686,688+7%0.68

ExpiryPutsCallsP/C

6 nearer expiries

Nov 62d141,098+76%228,820+432%0.62

Nov 139d66,455+29%23,983+11%2.77

Nov 2016d123,567+5%152,145+3%0.81

Nov 2723d24,144+40%11,786+31%2.05

Dec 430d2,583+78%2,366+23%1.09

Dec 1137d1,425+1501%1,587+1170%0.90

Dec 1844d172,856+2%186,257+3%0.93

Jan 1572d158,6800%265,708+5%0.60

report · Feb 4 · after close · est.

Mar 19135d58,167+6%43,881+1%1.33

Apr 16163d4,549+6%6,688+7%0.68

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

15573.18%as filednet margin · revenue +2.50% QoQ · −2.54% YoY

Revenue

$125M+2.50% QoQ

Gross profit

$90M+9.91% QoQ

71.46% margin

Operating income

$20.9B+350.99% QoQ

16670.89% margin

Pre-tax income

$20.9B+354.83% QoQ

Net income

$19.5B+337.64% QoQ

15573.18% margin

Cost of revenue

$36M−12.31% QoQ

Tax

$1.4B+90356.42% QoQ

Other income

$32M−71.22% QoQ

Revenue$125M+2.50%

Gross profit

$90M+9.91%

71.46% margin

Operating income

$20.9B+350.99%

16670.89% margin

Pre-tax income

$20.9B+354.83%

Net income

$19.5B+337.64%

15573.18% margin

Cost of revenue

$36M−12.31%

Other income$32M−71.22%

Tax$1.4B+90356.42%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 08:00 ET

Intraday

Event sensitivity

NFP ×1.02· ±4.3% vs ±4.2% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±4.3%4 of 10×1.02

FOMCrate decision±3.5%11 of 24×0.84

PPIproducer prices±3.5%5 of 10×0.82

CPIconsumer prices±3.4%4 of 10×0.80

PCEpersonal income & outlays±3.1%7 of 19×0.73

GDPgross domestic product±2.8%6 of 19×0.68

CPROFcorporate profits±2.7%2 of 12×0.65

Bar = avg |move| to ±5% · tick = ±4.2% avg day · ×base = |move| ÷ ±4.2% · min 6 releases

Earnings history

EPS 44.75 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 29 '26 · confirmed	44.75	—
Q2 FY26	Jul 30 '26 · confirmed	-24.45	—
Q1 FY26	—	-38.25	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod