Strategy Inc 10 % Perp Stride Pfd Registered Shs Series A (STRD)
:STRD
Earnings Data
Report Date
Aug 04, 2026After Close (Not Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed a constructive and growth-oriented outlook: management emphasized durable balance sheet strength, aggressive capital raising success (notably STRC), ongoing BTC accumulation and BTC-per-share accretion despite a large noncash Q1 loss driven by Bitcoin mark-to-market movements. The company highlighted substantial optionality across equity, credit and treasury levers to accelerate BTC-per-share goals and to improve credit characteristics while acknowledging material execution risks tied to Bitcoin price and volatility, higher preferred funding cost, and market skepticism/valuation gaps.Company Guidance
Largest Corporate Bitcoin Holder
Holds 818,334 BTC (≈3.9% of total supply), market value ~ $64B (May 1 price ~$78,035). Leadership position as largest corporate Bitcoin holder.
Strong Capital Raises and STRC Growth
Raised ~$11.7B YTD 2026 (≈50% common equity / 50% preferred), STRC notional outstanding ~ $8.5B raised in ~9 months; STRC daily trading ~$375M and 30-day average volume ~25x the next largest preferred.
Bitcoin Per Share Accretion
BTC per share increased from 181,030 sats (May 2025) to 213,371 sats (May 2026), roughly +18% YoY. Year-to-date BTC yield 9.4% (vs 22.8% for full-year 2025).
Material BTC Gains and Ongoing Accumulation
Generated 63,110 BTC gains YTD (vs 101,873 BTC for all of 2025, ~62% of 2025 full-year gains in first four months). Purchased 89,599 BTC in Q1 (~$7.3B, avg ~$80,900) and additional 56,235 BTC quarter-to-date (~$4.1B, avg ~$73,400).
Balance Sheet Liquidity and Low Net Leverage
Cash & equivalents ~$2.2B; long-term debt unchanged at $8.2B; equity increased to ~$9B. Net debt ~ $6B, net leverage ~9.3% against BTC reserve (implying ~10.8x BTC coverage). Stress analysis shows BTC reserve would cover net debt even after a 91% price decline.
STRC Product Metrics and Market Fit
STRC dividend yield 11.5% (increased from 9%), Sharpe ratio ~2.53, turnover ~4.4% (≈10x comparable bank preferreds), 80% of STRC held by retail, 23% held in Schwab accounts, estimated ~3M households benefiting.
Capital Markets Optionality & Strategy
Company increased optionality (sell MSTR, sell STRC, sell BTC, retire debt) to pursue objective to double BTC per share in 7 years (~10% annualized BTC yield target). MNAV breakeven for reserve-funded dividends is low (~2.3% ARR) per management.
Ecosystem Adoption and Tokenization
STRC is being embedded into credit ETFs and DeFi (tokenized STRC ~ $270M), broad distribution channels (brokerages, neobanks, ETFs) and participation by institutional & corporate treasuries—indicating rapid, multi-channel adoption.
Strategy Inc 10 % Perp Stride Pfd Registered Shs Series A (STRD) Earnings, Revenues Date & History
STRD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
STRD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $76.31 | $76.05 | -0.34% |
Feb 05, 2026 | $66.07 | $69.24 | +4.79% |
Oct 30, 2025 | $72.36 | $72.59 | +0.31% |
Jul 31, 2025 | $77.17 | $76.28 | -1.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Strategy Inc 10 % Perp Stride Pfd Registered Shs Series A (STRD) report earnings?
Strategy Inc 10 % Perp Stride Pfd Registered Shs Series A (STRD) is schdueled to report earning on Aug 04, 2026, After Close (Not Confirmed).
What is Strategy Inc 10 % Perp Stride Pfd Registered Shs Series A (STRD) earnings time?
Strategy Inc 10 % Perp Stride Pfd Registered Shs Series A (STRD) earnings time is at Aug 04, 2026, After Close (Not Confirmed).
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What is STRD EPS forecast?
Currently, no data Available