In Q1'26, MicroStrategy's (MSTR) Operating Cash Flow reached $13.99M USD, marking a positive shift after a series of negative quarters, while Free Cash Flow stood at $13.04M USD, reflecting improved liquidity from core operations. Over the period from Q2'23 to Q1'26, both Operating and Free Cash Flow exhibited high volatility, with an initial improvement peaking at $28.59M and $27.04M respectively in Q1'24, followed by consistent declines into negative territory—reaching lows of -$53.01M for Free Cash Flow in Q2'25—before rebounding positively in the latest quarter, indicating potential stabilization amid fluctuating business activities.