Strategy Q3 Net Income $19.53 Billion; Preferred Shares to Switch to Daily Dividends

TechFlow reported on October 30 that, according to Strategy's Q3 earnings report, the company's net income for the quarter was $19.53 billion, compared with $2.79 billion in the year-ago quarter. Diluted earnings per share were $44.75, mainly driven by $20.91 billion in digital asset gains; software business revenue fell 3% year-on-year to $125.4 million.

The company disclosed that amendments to change the four preferred stock issues STRF, STRC, STRK and STRD to daily dividends were approved by shareholders on October 28. STRC will take effect on November 1, while the other three will take effect on January 1, 2027, with dividend rates and total payout amounts unchanged. Separately, The Block reported that CFO Andrew Kang will step down on November 5, and COO Reza Virasteh will take over in January 2027. TechFlow previously reported that Strategy's Q3 operating profit reached $21 billion.

Source: TechFlow