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Revenue by Segment
Breaks down revenue across different business units, highlighting which areas drive growth and profitability, and where the company might face challenges.Subscription Services have shifted from a small line item to the company’s fastest-growing, dominant revenue stream while Product Support and Product Licenses steadily decline — a clear move toward recurring, higher‑visibility revenue. That helps underwrite management’s aggressive Bitcoin accumulation strategy and capital-market maneuvers (STRC/preferred issuance), but the drop in license/support cash flow increases reliance on financing and BTC appreciation to fund dividends and USD reserves, raising execution and crypto‑price risk if market conditions turn against BTC.
Date | Other Services | Subscription Services | Product Support | Product Licenses |
|---|---|---|---|---|
Jun 30, 2026 | $15.60M | $62.86M | $40.24M | $3.67M |
Mar 31, 2026 | $15.73M | $58.88M | $44.19M | $5.50M |
Dec 31, 2025 | $14.84M | $51.76M | $48.53M | $7.85M |
Sep 30, 2025 | $14.23M | $45.97M | $51.12M | $17.37M |
Jun 30, 2025 | $14.41M | $40.82M | $52.08M | $7.18M |
Mar 31, 2025 | $14.20M | $37.10M | $52.50M | $7.27M |
Dec 31, 2024 | $15.15M | $31.93M | $58.37M | $15.26M |
Sep 30, 2024 | $16.17M | $27.80M | $61.02M | $11.09M |
Jun 30, 2024 | $16.34M | $24.08M | $61.74M | $9.29M |
Mar 31, 2024 | $16.66M | $22.97M | $62.69M | $12.94M |