GameStop Corp. GME
GameStop Corp. ("GameStop," "we," "us," "our," or the "Company") offers games, collectibles, and entertainment products through its stores and ecommerce platforms. As we navigate the evolving commercial landscape, our business model is expanding beyond traditional retail to include value creation through disciplined capital allocation. We view our significant cash and other sources of liquidity as a strategic asset to be deployed into acquisitions and control transactions that offer long-term value.
•Capital Allocation: Utilizing our significant capital resources to actively evaluate and execute on opportunities to acquire, invest in, or partner with businesses that offer long-term value.
•Operational Excellence: Maximizing the cash flow of our legacy retail business by optimizing our store fleet.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- United States
- Australia
- Europe
- Canada
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $2.67B | $2.58B | $3.43B |
| Australia | $494.7M | $404.9M | $522.5M |
| Europe | $429.4M | $638.1M | $1.03B |
| Canada | $38.2M | $204.3M | $292.5M |
As the company reported it, from the “Segment Information - Segment Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.63B | $3.82B | $5.27B | $5.93B | $6.01B | $5.09B | $6.47B | $8.29B | $8.55B | $7.96B |
| Cost of revenue | $2.43B | $2.71B | $3.98B | $4.56B | $4.66B | $3.83B | $4.56B | $5.98B | $6.06B | $5.47B |
| Gross profit | $1.20B | $1.11B | $1.29B | $1.37B | $1.35B | $1.26B | $1.91B | $2.31B | $2.48B | $2.50B |
| SG&A | $910.2M | $1.13B | $1.32B | $1.68B | $1.71B | $1.51B | $1.92B | $1.99B | $2.03B | $1.86B |
| Operating income | $232.1M | -$26.2M | -$34.5M | -$311.6M | -$368.5M | -$237.8M | -$399.6M | -$702.0M | $439.2M | $481.7M |
| Interest expense | $271.5M | $163.4M | $49.5M | $9.5M | $26.9M | $32.1M | $27.2M | $56.8M | $56.8M | $53.8M |
| Pre-tax income | $384.0M | $137.2M | $13.1M | -$302.1M | -$395.4M | -$269.9M | -$426.8M | -$753.1M | $383.9M | $428.7M |
| Income tax | $34.4M | $5.9M | $6.4M | $11.0M | $14.1M | $55.3M | $37.6M | $41.7M | $153.5M | $124.2M |
| Net income | $418.0M | $131.0M | $7.0M | -$313.0M | -$381.0M | -$215.3M | -$470.9M | -$673.0M | $34.7M | $353.2M |
| EPS, basic | 0.93 | 0.33 | 0.02 | -1.03 | -1.31 | -0.83 | -5.38 | -6.59 | 0.34 | 3.42 |
| EPS, diluted | 0.77 | 0.33 | 0.02 | -1.03 | -1.31 | -0.83 | -5.38 | -6.59 | 0.34 | 3.40 |
| Shares, diluted (wtd. avg.) | 549.1M | 394.7M | 305.2M | 304.2M | 290.4M | 260.0M | 87.5M | 102.1M | 101.5M | 103.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $6.30B | $4.76B | $938.9M | $1.20B | $1.32B | $635.0M | $513.5M | $1.64B | $869.1M | $674.7M |
| Short-term investments | $2.71B | $18.0M | $277.6M | $251.6M | $0 | — | — | — | — | — |
| Receivables | $45.0M | $60.9M | $91.0M | $153.9M | $141.1M | $105.3M | $141.9M | $134.2M | $138.6M | $220.9M |
| Inventory | $403.3M | $480.2M | $632.5M | $682.9M | $915.0M | $602.5M | $859.7M | $1.25B | $1.25B | $1.12B |
| Total current assets | $10.01B | $5.36B | $1.97B | $2.32B | $2.60B | $1.55B | $1.63B | $3.13B | $3.02B | $2.14B |
| Property, plant and equipment | $48.3M | $68.2M | $94.9M | $136.5M | $163.6M | $201.2M | $275.9M | $321.3M | $351.0M | $363.3M |
| Goodwill | — | — | — | — | — | $0 | $0 | $363.9M | $1.35B | $1.38B |
| Other intangibles | — | — | — | — | — | — | — | $33.5M | $92.5M | $507.2M |
| Total assets | $10.39B | $5.88B | $2.71B | $3.11B | $3.50B | $2.47B | $2.82B | $4.04B | $5.04B | $4.98B |
| Accounts payable | $147.1M | $148.6M | $324.0M | $531.3M | $471.0M | $341.8M | $380.8M | $1.05B | $892.3M | $616.6M |
| Short-term debt | $0 | $10.3M | $10.8M | $10.8M | $4.1M | $121.7M | $0 | $349.2M | $0 | — |
| Total current liabilities | $654.5M | $665.4M | $934.5M | $1.34B | $1.35B | $1.34B | $1.24B | $2.18B | $1.93B | $1.76B |
| Long-term debt | $4.16B | $16.9M | $28.5M | $39.5M | $40.5M | $216.0M | $419.8M | $471.6M | $817.9M | $815.0M |
| Total liabilities | $4.94B | $945.6M | $1.37B | $1.79B | $1.90B | $2.04B | $2.21B | $2.71B | $2.83B | $2.72B |
| Retained earnings | $205.2M | -$81.5M | -$212.8M | -$219.5M | $93.6M | $474.9M | $690.2M | $1.36B | $2.18B | $2.30B |
| Total equity | $5.44B | $4.93B | $1.34B | $1.32B | $1.60B | $436.7M | $611.5M | $1.34B | $2.21B | $2.25B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $614.8M | $145.7M | -$203.7M | $108.2M | -$434.3M | $123.7M | -$414.5M | $325.1M | $434.9M | $537.1M |
| Depreciation and amortisation | $19.4M | $38.4M | $55.3M | $60.3M | $73.6M | $76.8M | $90.8M | $96.7M | $110.1M | $123.3M |
| Stock-based compensation | $26.7M | $16.4M | $22.2M | $40.1M | $30.5M | $7.9M | $8.9M | $10.7M | $25.6M | $17.8M |
| Capital expenditure | $17.5M | $16.1M | $34.9M | $55.9M | $62.0M | $60.0M | $78.5M | $93.7M | $113.4M | $142.7M |
| Investing cash flow | -$3.21B | $265.1M | -$33.2M | -$222.7M | -$64.8M | $36.9M | -$60.9M | $635.5M | -$60.6M | -$577.4M |
| Financing cash flow | $4.15B | $3.44B | -$11.6M | -$7.9M | $1.20B | -$55.4M | -$644.7M | -$174.7M | -$202.5M | $238.7M |
| Dividends paid | — | — | — | $0 | $0 | $300.0K | $40.5M | $157.4M | $155.2M | $155.5M |
| Buybacks | — | — | — | — | $0 | $0 | $198.7M | $0 | $22.0M | $63.1M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-235130.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.96B | $8.55B | $8.29B | $6.47B | $5.09B | $6.01B | $5.93B | $5.27B | $3.82B | $3.63B |
| Gross profit | $2.50B | $2.48B | $2.31B | $1.91B | $1.26B | $1.35B | $1.37B | $1.29B | $1.11B | $1.20B |
| Net income | $353.2M | $34.7M | -$673.0M | -$470.9M | -$215.3M | -$381.0M | -$313.0M | $7.0M | $131.0M | $418.0M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed Item 1.01
- Unregistered share sale Item 3.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.