Strategy Inc (MSTR) reported third-quarter 2025 earnings of $8.42 per share, beating the Zacks Consensus Estimate of a loss of 11 cents per share. Revenues of $128.7 million also exceeded expectations, climbing 11% year over year. MSTR’s Bitcoin per share reached 41,370 as of Oct. 26.

In Q3 2025, product licenses and subscription services revenues for MSTR jumped 63% and 65.4% year over year, respectively. Subscription services accounted for 49.2% of revenues. Gross margin expanded to 70.5%. Operating income was $3.9 billion, including an unrealized gain on digital assets worth $3.89 billion.

MSTR is the world’s largest bitcoin treasury company, holding 640,808 bitcoins at a total cost of $47 billion. Bitcoin yield was 26% year to date, targeting 30% for 2025. Balance sheet details show an average cost per bitcoin of approximately $74,032 and a market price per bitcoin of $110,600.

For 2025, Strategy expects operating income of $34 billion, net income of $24 billion, and earnings of $80 per share, based on a bitcoin price outlook of $150,000 at the year’s end. Currently, MSTR has a Zacks Rank #3 (Hold). Other Zacks #2 (Buy) ranked stocks in the finance sector are ABL, AHR, and ARX, each with upcoming earnings reports in November.

Abacus Global Management shares are down 35% year to date, American Healthcare REIT shares are up 59.4%, and Accelerant Holdings shares are down 57.2% year to date. The company raised funds through various programs and offerings, with positive guidance for the year ahead.

Read more at NASDAQ.: Strategy Q3 Earnings Beat Estimates, Revenues Increase Y/Y