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What changed in MSTR's 10-Q
Source: 10-Q filed 2026-05-06 · compared against 10-Q 2025-11-03. Every passage below is quoted verbatim from the filing itself.
Digital Assets
This filing
Unrealized loss on digital assets $ 14,455,479
Tax
This filing
a full valuation allowance on all of our domestic net deferred tax assets was established
Bitcoin Holdings
This filing
Approximate number of bitcoins held 762,099
Revenue Mix
This filing
we experienced growth in cloud subscription services revenue of $21.8 million, partially offset by declines in product license revenue and related product support revenue of $10.1 million
Tax Legislation
This filing
Beginning in fiscal year 2026, the deduction allowable under the Net CFC Tested Income regime will decrease from 50% to 40%, which will increase the effective tax rate imposed on our income
Risk Factors
This filing
if the Interim Guidance is revoked or if the proposed or final regulations, when published or adopted, do not provide for this or similar relief, we could become subject to the CAMT in the future
What it means — the analyst reading
The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.
See the Filing Change Monitor →Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.