As of Q4'25, MicroStrategy ( MSTR ) reported a net income of -12.6B USD, representing a significant decline compared to the previous quarter. The year-over-year ( YoY ) change for this period stands at -1,781.3%, highlighting a dramatic deterioration in profitability at the end of the period covered. From Q1'23 to Q4'25, the net income trend for MSTR has been highly volatile, with sharp swings between positive and negative values. After moderate losses in 2024, the company experienced an extraordinary spike to 10B USD in net income in Q2'25, followed by a positive 2.8B USD in Q3'25, before plunging to a record low in Q4'25. The YoY growth rates mirror this volatility, peaking at 9,870.8% in Q2'25 and dropping to extreme negative levels in Q1'25 and Q4'25, indicating significant fluctuations in the company's financial performance over the observed period.