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
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.