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Contact : MicroStrategy Incorporated Investor Relations ir@microstrategy.com ( 703 ) 848-8600 TYSONS CORNER , Va . , July 29 , 2021 - MicroStrategy® ( Nasdaq : MSTR ) , the largest independent publicly - traded business intelligence company , today announced financial results for the three - month period ended June 30 , 2021 ( the second quarter of its 2021 fiscal year ) . MicroStrategy Announces Second Quarter 2021 Financial Results " MicroStrategy continued its strong 2021 by delivering an outstanding operational performance across the board and completing another successful capital raise to expand our digital asset holdings . We had one of our best operational quarters in our software business in years , highlighted by 13 % revenue growth . Our success in the market is being driven by the investments we have made and the broad adoption of our innovative MicroStrategy platform , " said Michael J. Saylor , CEO , MicroStrategy Incorporated . " We continue to be pleased by the results of the implementation of our digital asset strategy . Our latest capital raise allowed us to expand our digital holdings , which now exceed 105,000 bitcoins . Going forward , we intend to continue to deploy additional capital into our digital asset strategy . " Second Quarter 2021 Financial Highlights ● ● Revenues : Total revenues for the second quarter of 2021 were $ 125.4 million , a 13.4 % increase , or a 10.1 % increase on a non - GAAP constant currency basis , compared to the second quarter of 2020. Product licenses and subscription services revenues for the second quarter of 2021 were $ 32.5 million , a 42.3 % increase , or a 40.5 % increase on a non - GAAP constant currency basis , compared to the second quarter of 2020. Product support revenues for the second quarter of 2021 were $ 71.0 million , a 1.4 % increase , or a 2.1 % decrease on a non - GAAP constant currency basis , compared to the second quarter of 2020. Other services revenues for the second quarter of 2021 were $ 21.8 million , a 23.3 % increase , or a 19.0 % increase on a non - GAAP constant currency basis , compared to the second quarter of 2020 . Gross Profit : Gross profit for the second quarter of 2021 was $ 102.3 million , representing an 81.6 % gross margin , compared to a gross margin of 78.3 % in the second quarter of 2020 . Operating Expenses : Operating expenses for the second quarter of 2021 were $ 516.6 million , a 543.6 % increase compared to the second quarter of 2020. Beginning in the third quarter of 2020 , operating expenses included impairment losses on MicroStrategy's digital assets , which were $ 424.8 million during the second quarter of 2021 . ( Loss ) Income from Operations : Loss from operations for the second quarter of 2021 was $ 414.2 million versus income from operations of $ 6.3 million for the second quarter of 2020. Non - GAAP income from operations , which excludes share - based compensation expense and impairment losses and gains on sale from intangible assets , which include digital assets , was $ 21.6 million for the second quarter of 2021 versus $ 8.6 million for the second quarter of 2020 . Net ( Loss ) Income : Net loss for the second quarter of 2021 was $ 299.3 million , or $ 30.71 per share on a diluted basis , as compared to net income of $ 3.4 million , or $ 0.35 per share on a diluted basis , for the second quarter of 2020. Non - GAAP net income , which excludes share - based compensation expense , impairment losses and gains on sale from intangible assets , which include digital assets , interest expense arising from the amortization of debt issuance costs , and related income tax effects , was $ 16.7 million , or $ 1.72 per share on