TAKE TWO INTERACTIVE SOFTWARE INC TTWO
We are a leading developer, publisher, and marketer of interactive entertainment for consumers around the globe. We develop, operate, and publish products principally through Rockstar Games, 2K, and Zynga. Our products are currently designed for console gaming systems, mobile, including smartphones and tablets, and personal computer ("PC"). We deliver our products through physical retail, digital download, online platforms, and cloud streaming services.
Overview. Our strategy is to create hit entertainment experiences, delivered on every platform relevant to our audience through a variety of sound business models. Our pillars - creativity, innovation, and efficiency - guide us as we strive to create the highest quality, most captivating experiences for our consumers. We believe that our player-first approach and commitment to creativity and innovation are distinguishing strengths, enabling us to differentiate our products in the marketplace by combining advanced technology with compelling gameplay that provide unique, deeply engaging experiences.
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 | $6.66B | $5.63B | $5.35B | $5.35B | $3.50B | $3.37B | $3.09B | $2.67B | $1.79B | $1.78B |
| Cost of revenue | $2.85B | $2.57B | $3.11B | $3.06B | $1.54B | $1.54B | $1.54B | $1.52B | $898.3M | $1.02B |
| Gross profit | $3.81B | $3.06B | $2.24B | $2.29B | $1.97B | $1.84B | $1.55B | $1.14B | $894.6M | $756.8M |
| SG&A | $874.4M | $883.3M | $716.1M | $839.5M | $510.9M | $390.4M | $318.2M | $281.2M | $247.8M | $211.4M |
| Total operating expenses | $3.91B | $7.45B | $5.83B | $3.45B | $1.50B | $1.21B | $1.12B | $938.1M | $759.0M | $665.5M |
| Operating income | -$104.2M | -$4.39B | -$3.59B | -$1.17B | $473.6M | $629.4M | $425.3M | $206.7M | $135.6M | $91.3M |
| Interest expense | $151.4M | $167.3M | $140.6M | $129.6M | — | — | — | — | — | — |
| Pre-tax income | -$197.8M | -$4.49B | -$3.70B | -$1.34B | $465.4M | $677.8M | $458.4M | $232.8M | $136.6M | $77.0M |
| Income tax | $100.4M | $12.4M | $41.4M | $213.4M | $47.4M | $88.9M | $54.0M | $101.1M | $36.9M | $9.7M |
| Net income | -$298.2M | -$4.48B | -$3.74B | -$1.12B | $418.0M | $588.9M | $404.5M | $333.8M | $173.5M | $67.3M |
| EPS, basic | -1.62 | -25.58 | -22.01 | -7.03 | 3.62 | 5.14 | 3.58 | 2.95 | 1.57 | 0.73 |
| EPS, diluted | -1.62 | -25.58 | -22.01 | -7.03 | 3.58 | 5.09 | 3.54 | 2.90 | 1.54 | 0.72 |
| Shares, diluted (wtd. avg.) | $183.9M | $175.1M | $170.1M | $159.9M | $116.8M | $115.7M | $114.1M | $115.2M | $112.9M | $94.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.55B | $1.46B | $1.10B | $1.23B | $2.20B | $2.06B | $1.99B | $1.39B | $1.25B | $1.28B |
| Short-term investments | $443.8M | $9.4M | $22.0M | $187.0M | $820.1M | $1.31B | $644.0M | $744.5M | $615.4M | $448.9M |
| Receivables | $737.0M | $771.1M | $679.7M | $763.2M | $579.4M | $552.8M | $592.6M | $395.7M | $247.6M | $219.6M |
| Inventory | — | — | — | — | $13.2M | $17.7M | $19.1M | $28.2M | $15.2M | $16.3M |
| Total current assets | $3.20B | $2.82B | $2.26B | $2.51B | $3.87B | $4.22B | $3.49B | $2.83B | $2.41B | $2.20B |
| Property, plant and equipment | $445.4M | $443.8M | $411.1M | $402.8M | $242.0M | $149.4M | $131.9M | $127.9M | $102.5M | $67.3M |
| Goodwill | $1.06B | $1.06B | $4.43B | $6.77B | $674.6M | $535.3M | $386.5M | $381.7M | $399.5M | $359.1M |
| Other intangibles | $1.65B | $2.34B | $3.06B | $4.45B | $266.5M | $121.6M | $51.3M | $73.1M | $98.5M | $95.4M |
| Total assets | $9.38B | $9.18B | $12.22B | $15.86B | $6.55B | $6.03B | $4.95B | $4.24B | $3.74B | $3.15B |
| Accounts payable | $211.0M | $194.7M | $195.9M | $140.1M | $125.9M | $71.0M | $65.7M | $72.8M | $35.0M | $31.9M |
| Short-term debt | $30.0M | $1.15B | $24.6M | $1.35B | $0 | — | — | — | — | — |
| Total current liabilities | $2.59B | $3.62B | $2.41B | $3.85B | $2.10B | $2.23B | $2.04B | $1.95B | $1.73B | $1.69B |
| Long-term debt | $2.49B | $2.51B | $3.06B | $1.73B | $0 | — | — | $0 | $8.1M | $251.9M |
| Total liabilities | $5.87B | $7.04B | $6.55B | $6.82B | $2.74B | $2.70B | $2.41B | $2.20B | $2.25B | $2.15B |
| Retained earnings | -$7.36B | -$7.06B | -$2.58B | $1.16B | $2.29B | $1.87B | $1.28B | $877.6M | $73.5M | -$99.7M |
| Total equity | $3.51B | $2.14B | $5.67B | $9.04B | $3.81B | $3.33B | $2.54B | $2.04B | $1.49B | $1.00B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $624.3M | -$45.2M | -$16.1M | $1.1M | $258.0M | $912.3M | $685.7M | $843.5M | $493.5M | $407.9M |
| Depreciation and amortisation | $198.5M | $229.4M | $171.2M | $122.3M | $61.1M | $55.6M | $48.1M | $40.2M | $44.0M | $30.7M |
| Stock-based compensation | $305.3M | $324.0M | $335.6M | $317.8M | $183.0M | $110.5M | $257.9M | $247.7M | $116.3M | $81.9M |
| Capital expenditure | $162.8M | $169.4M | $141.7M | $204.2M | $158.6M | $68.9M | $53.4M | $67.0M | $61.6M | $21.2M |
| Investing cash flow | -$649.2M | -$151.5M | -$28.2M | -$2.88B | $139.2M | -$806.8M | $4.0M | -$223.6M | -$271.8M | -$129.0M |
| Financing cash flow | $94.6M | $650.5M | -$91.4M | $1.93B | -$256.8M | -$57.4M | -$77.5M | -$463.7M | -$281.5M | -$49.8M |
| Buybacks | — | — | $0 | $0 | $200.0M | $0 | $0 | $362.4M | $154.8M | $0 |
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 0001628280-26-049813.
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