Strategy Stretch Preferred
Provides cumulative variable-rate dividends within Strategy's Bitcoin-centered capital structure.
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Profile
Provides cumulative variable-rate cash dividends when declared and legally available, with no scheduled maturity. Its payments depend on Strategy's Bitcoin-centered financing system, enterprise analytics software cash flows, capital-market access, and board declarations.
Offers cumulative cash dividends at a variable rate, payable when declared by Strategy's board and legally available. With no scheduled maturity, the preferred stock ranks ahead of common stock and several preferred series for dividends, but behind STRF and any future senior securities.
Sits within an issuer that combines Bitcoin treasury and capital-markets activity with one reportable Software Business segment. Strategy BI and Mosaic support enterprise analytics through cloud subscriptions, licenses, support, consulting, and education, with most employees located outside the United States.
Depends on Strategy's capital-market access, software cash flows, Bitcoin holdings, debt obligations, and legal capacity to make distributions. The board can adjust the dividend rate, unpaid amounts accumulate, and the issuer may authorize securities ranking equally with or senior to STRC.
Company facts
Key statistics
Year to date −2.3% · Average volume (30d) 1.4M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.79 | −$24.45 | −3,214.6% | $121.9M | $122.4M | +0.4% | +2.27% |
| May 5, 2026Q1 FY26 | −$0.86 | −$38.25 | −4,337.4% | $120.8M | $124.3M | +2.9% | +0.01% |
| Mar 5, 2026Q4 FY25 | −$0.08 | −$42.93 | −53,562.5% | $119.1M | $123.0M | +3.2% | +0.01% |
| Nov 12, 2025Q3 FY25 | −$0.10 | $8.42 | +8,354.9% | $116.7M | $128.7M | +10.3% | −1.38% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $111.1M | $114.5M | $128.7M | $123.0M | $124.3M | $122.4M | |
| Gross profit | $77.1M | $78.7M | $90.7M | $81.3M | $83.4M | $81.6M | |
| Operating income | −$15.4M | −$15.5M | −$5.0K | −$10.0M | −$14.9M | −$8.33B | |
| Net income | −$4.22B | $10.02B | $2.79B | −$12.44B | −$12.54B | −$8.22B | |
| Diluted EPS | −$16.49 | $32.60 | $8.42 | −$42.93 | −$38.25 | −$24.07 | |
| Gross margin | 69.4% | 68.8% | 70.5% | 66.1% | 67.1% | 66.6% | |
| Operating margin | -13.9% | -13.6% | -0.0% | -8.1% | -12.0% | -6,808.1% |
Fiscal years (4-quarter sums)FY21 $510.8M · FY22 $499.3M · FY23 $496.3M · FY24 $463.5M · FY25 $477.2M
Balance sheet, Jun 30, 2026Cash & short-term investments $2.45B · Total debt $6.77B · Total assets $52.56B · Shareholders' equity $45.33B
Dividends
Last raised to $0.50 from $0.4792 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 15 | Aug 31 | $0.50 | |
| Jul 31, 2026 | Jul 31 | Aug 15 | $0.50 | |
| Jul 15, 2026 | Aug 15 | Aug 31 | $0.50 | raised from $0.4792 |
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.4792 | cut from $0.9583 |
| Jun 15, 2026 | Jun 15 | Jun 30 | $0.9583 | |
| May 15, 2026 | May 15 | May 31 | $0.9583 | |
| Apr 15, 2026 | Apr 15 | Apr 30 | $0.9583 | |
| Mar 13, 2026 | Mar 15 | Mar 31 | $0.9583 | raised from $0.9375 |
Ownership
Shares outstanding 277.40M · Float —
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| Phong Le · director, officer: President & CEO | 126.3K | 0.05% | Form 4 | Jun 9, 2026 |
| Andrew Kang · officer: EVP & CFO | 71.0K | 0.03% | Form 4 | Jun 9, 2026 |
| Wei-Ming Shao · officer: EVP & General Counsel | 32.7K | 0.01% | Form 4 | Nov 20, 2025 |
| Jarrod M. Patten · director | 28.4K | 0.01% | Form 4 | Jul 28, 2026 |
| Jeanine Montgomery · officer: VP & CAO | 11.2K | 0.00% | Form 4 | Jun 9, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 27, 2026 | Jarrod M. Patten | director | −1,950 | $98.48 |
| Jul 24, 2026 | Jarrod M. Patten | director | −1,950 | $92.46 |
| Jul 22, 2026 | Jarrod M. Patten | director | −1,250 | $100.00 |
| Jun 23, 2026 | Jarrod M. Patten | director | −1,500 | $106.08 |
| Jun 22, 2026 | Phong Le | director, officer: President & CEO | +11,000 | $90.80 |
Peers
- Twenty One Capital
Bitcoin-native public-market and capital-platform alternative
- Microsoft
Broad enterprise BI rival through Power BI and Microsoft Fabric
- Salesforce
Visual and embedded analytics rival through Tableau
- MARA
Bitcoin reserve and capital-markets alternative with mining exposure
- SAP (ADR)
Enterprise analytics and planning rival through SAP Analytics Cloud
- Oracle
Cloud analytics rival spanning governed BI and visualization
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Strategy Stretch Preferred | $97.63 | +0.29% | $33.57B | — | 2.9 | 79.4 | +6.9% |
| Twenty One Capital | $6.12 | +1.83% | $61.9M | — | — | — | — |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Salesforce | $256.48 | +0.16% | $209.66B | 23.4 | 17.6 | 4.8 | +10.8% |
| MARA | $10.68 | +0.19% | $4.07B | — | — | 5.1 | −26.7% |
| SAP (ADR) | $220.80 | −0.39% | $258.15B | 28.1 | 23.9 | 5.8 | +5.8% |
| Oracle | $150.95 | +0.17% | $434.14B | 25.9 | 18.7 | 6.4 | +20.6% |
| Median | 27.0 | 21.3 | 5.8 | +10.8% |