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GME

GameStop Corp.

GME

GameStop Corp. • NYSE
$22.68 ▲ 4.85% (+1.05)
Market Cap $10.15 B
52w High $35.81
52w Low $19.93
Dividend Yield 0%
P/E 28.35
Volume 8.04M
Outstanding Shares 447.66M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $972.2M ▲ $216.7M ▼ $166.5M ▲ 17.126% ▲ $0.38 ▲ $69M ▲
Q1-2025 $732.4M ▼ $263.6M ▼ $44.8M ▼ 6.117% ▼ $0.1 ▼ $30.3M ▼
Q4-2024 $1.283B ▲ $283.6M ▼ $131.3M ▲ 10.237% ▲ $0.29 ▲ $86.9M ▲
Q3-2024 $860.3M ▲ $290.6M ▲ $17.4M ▲ 2.023% ▲ $0.04 ▲ $-16.3M ▼
Q2-2024 $798.3M $270.8M $14.8M 1.854% $0.038 $-14.4M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $8.694B ▲ $10.341B ▲ $5.165B ▲ $5.176B ▲
Q1-2025 $6.386B ▲ $7.503B ▲ $2.515B ▲ $4.987B ▲
Q4-2024 $4.775B ▲ $5.875B ▼ $945.6M ▼ $4.93B ▲
Q3-2024 $4.616B ▲ $6.24B ▲ $1.436B ▲ $4.804B ▲
Q2-2024 $4.204B $5.536B $1.153B $4.383B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $168.6M ▲ $117.4M ▼ $-473.9M ▼ $2.675B ▲ $2.31B ▲ $113.3M ▼
Q1-2025 $44.8M ▼ $192.5M ▲ $-42.1M ▼ $1.478B ▲ $1.634B ▲ $189.6M ▲
Q4-2024 $131.3M ▲ $162.3M ▲ $17.4M ▲ $-2.5M ▼ $173.2M ▼ $158.8M ▲
Q3-2024 $17.5M ▲ $24.6M ▼ $-20.5M ▼ $395.3M ▼ $399.6M ▼ $20M ▼
Q2-2024 $14.8M $68.6M $78.4M $3.053B $3.214B $65.5M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Collectibles
Collectibles
 $170.00M ▲$270.00M ▲$210.00M ▼$230.00M ▲
New Video Game Hardware
New Video Game Hardware
 $420.00M ▲$730.00M ▲$350.00M ▼$590.00M ▲
Software
Software
 $270.00M ▲$290.00M ▲$180.00M ▼$150.00M ▼

Five-Year Company Overview

Income Statement

Income Statement GameStop’s sales have been drifting down over the last few years, even as it has managed to pull its business closer to break-even. The company has moved from meaningful losses to roughly breakeven operating results and recently to a modest profit, suggesting tighter cost control and a better mix of higher-margin products. However, profitability still looks fragile: small shifts in sales or expenses could easily swing results back into loss territory. Overall, the income statement shows a retailer in transition, shrinking in size but trying to stabilize earnings through efficiency and mix changes rather than growth.

Balance Sheet

Balance Sheet The balance sheet is a clear bright spot. GameStop now holds a large cash cushion relative to its size, with comparatively little debt. Equity has grown strongly, giving the company a thicker financial buffer than it had a few years ago. This combination of strong liquidity and low leverage reduces immediate financial pressure and gives management flexibility. The key question is how effectively that balance sheet strength will be used to support a sustainable business model, rather than simply absorbing ongoing operational strain.

Cash Flow

Cash Flow Cash generation has been inconsistent, but there are signs of improvement. Operating cash flow swung from negative in some past years to positive more recently, and free cash flow has turned modestly positive as well. Capital spending remains low, which helps cash flow but also suggests limited heavy investment in physical expansion. Overall, the cash flow profile is moving in the right direction but is not yet firmly established; it still depends heavily on maintaining cost discipline and stabilizing revenue rather than on robust growth.

Competitive Edge

Competitive Edge GameStop’s brand remains well-known among gamers, and its physical stores plus trade-in program still offer a differentiated experience versus purely digital rivals. The growing focus on collectibles and gaming merchandise gives it a niche where in-person browsing and impulse buying matter. However, the structural shift toward digital downloads and direct-to-consumer platforms continues to chip away at its traditional core of physical game sales. Competition from large online retailers and console makers’ own digital stores keeps pricing power and traffic under pressure. In short, the company has recognizable strengths, but its historical moat is steadily narrowing as the industry digitizes.

Innovation and R&D

Innovation and R&D The company has experimented with newer areas like crypto wallets, an NFT marketplace, and broader e-commerce upgrades, but it has already pulled back on some of the more speculative projects. Its main innovation focus now appears to be building a smoother omnichannel shopping experience and leaning into higher-margin categories such as collectibles. Management has also talked about evolving into more of a technology-focused company, though this vision is still vague and not yet supported by clearly defined, large-scale new products or services. Overall, GameStop is testing new directions, but its innovation story is early, uneven, and carries meaningful execution risk.

Summary

GameStop today looks like a financially cushioned but strategically challenged retailer. On the positive side, it has a strong cash position, low debt, improving cost control, and a shift toward categories that can support better margins. On the risk side, its revenue base is shrinking, its profits remain thin and volatile, and its traditional business faces structural headwinds from digital distribution and powerful online competitors. The company’s future will hinge on whether it can successfully reposition itself around collectibles, services, and a more credible digital platform, using its strong balance sheet to fund a durable, modern business rather than simply to buy time.

NEWS

November 28, 2025 · 1:30 PM UTC

GameStop Announces Release Date for Third Quarter Fiscal 2025 Results

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October 7, 2025 · 4:13 PM UTC

GameStop Announces the Distribution of Warrants to Shareholders

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September 9, 2025 · 4:03 PM UTC

GameStop Announces Dividend of Warrants to Shareholders

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September 9, 2025 · 4:02 PM UTC

GameStop Discloses Second Quarter 2025 Results

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