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MSTR Revenue by Segments

Revenue by Segments

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As of Q3'25, MicroStrategy's revenue is primarily driven by Product support at 51.1M USD, followed by Subscription services at 45.97M USD, Product licenses at 17.37M USD, and Other services at 14.23M USD. Product support remains the largest segment, while Subscription services have shown notable growth, narrowing the gap with Product support. From Q2'22 to Q3'25, the chart reveals a stable to slightly declining trend in Product support revenues, dropping from 66.52M USD in Q2'22 to 51.1M USD in Q3'25. In contrast, Subscription services revenues have consistently increased, rising from 14.02M USD to 45.97M USD, indicating a strategic shift toward recurring revenue streams. Product licenses and Other services have generally declined or remained volatile, with Product licenses falling from 20.13M USD to 17.37M USD and Other services decreasing from 21.41M USD to 14.23M USD, highlighting the company's evolving revenue mix over the observed period.