GMEGameStop

Crypto · Computer & Computer Software Stores · NYSE

GameStop Corp. (“GameStop,” “we,” “us,” “our,” or the “Company”) offers games, collectibles, and entertainment products through its stores and ecommerce platforms. 10-K, Item 1

Headquarters: Grapevine, TX
CEO: Ryan Cohen
Next results: around Dec 8, 2026

Compare with peers → Embed

All key numbers (37, from the latest 10-K and 10-Q) From EDGAR

EPS (ttm)	1.52	Sales (ttm)	3.6B	Net income (ttm)	893.3M	Sales growth	-5.1%	EPS growth	+133%	Sales Q/Q	-18.7%
Free cash flow	688.0M	Gross margin	37.9%	Oper. margin	13.5%	Net margin	25.2%	FCF margin	19.4%	ROE	14.5%
ROA	8.0%	R&D / sales	-	Dividend	-	Debt/Eq	0.68	Curr. ratio	8.72	Cash	4.9B
Op. cash flow (ttm)	704.7M	EBITDA	251.5M	EBITDA margin	6.9%	Net debt	-686.5M	Quick ratio	8.12	Interest cover	4.81
ROIC	2.5%	Tax rate	-9.0%	Stock pay / sales	0.7%	Shares out.	504.5M	Shares Y/Y	+39.1%	Book / share	12.17
Cash / share	9.62	Sales / share	7.04	Asset turnover	0.32	Inventory turns	6.03	Days sales out.	5	Sales 3Y CAGR	-15.0%
Sales 5Y CAGR	-6.5%

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024

Debt rose from $16.9M to $4.2B$16.9M → $4.2B · Short-term + long-term debt at year end
Free cash flow rose 361%$129.6M → $597.3M · Cash from operations − capital expenditure · 10-K ↗
Revenue growth sped up to -5.1%-27.5% → -5.1% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
Operating margin widened to 6.4%-0.7% → 6.4% · Operating income / revenue · 10-K ↗

What management wrote about it → · Every company →

GME against Crypto peers

Ten years, side by side → · All 32 →

GMEPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 32 companies, the better end on the right. Hover a dot for the company.

Sales growth

-5.1%23rd of 27 · median +38.2%

Net margin

25.2%2nd of 19 · median -169.8%

Return on equity

14.5%2nd of 26 · median -57.4%

Free cash flow margin

19.4%2nd of 21 · median -91.3%

Debt / equity (less is better)

0.686th of 12 · median 0.68

GME and the 5 peers closest in revenue
Company	Revenue (ttm)	Sales growth	Gross margin	Net margin	ROE	FCF margin	Debt / equity
GME GameStop	$3.6B	-5.1%	37.9%	25.2%	14.5%	19.4%	0.68
CRCL Circle Internet Group	$3.0B	+63.9%	-	15.3%	12.0%	24.4%	-
BKKT Bakkt	$2.3B	-32.1%	-	-0.1%	-0.5%	-	-
MARA MARA Holdings	$716.0M	+38.2%	-	-411.2%	-125.1%	-170.1%	1.28
FIGR Figure Technology Solutions	$708.9M	+48.7%	-	33.5%	16.8%	-	0.68
CLSK CleanSpark	$679.2M	+102%	55.2%	-146.9%	-131.1%	-91.3%	2.34

FY2023FY2024FY2025

From $5.3B of sales to $6.7M of profit

FY2023, from the 10-K income statement and revenue by product

Swipe sideways for the whole flow →

From $3.8B of sales to $131.3M of profit

FY2024, from the 10-K income statement and revenue by product

Swipe sideways for the whole flow →

From $3.6B of sales to $418.4M of profit

FY2025, from the 10-K income statement and revenue by product

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2023

$75$24

FY2024

$71$26

FY2025

$67$21$12

Cost of revenue
Costs, tax, other
Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

2 of 4

✓
Net margin above the peer median25.2% vs -169.8%
✓
Gross margin up over 5 years24.7% → 33.0%
!
Return on equity below 15%14.5%
!
A profit in 5 of 10 years

Net margin, FY2016 to FY2025: 4.4% → 11.5%

Balance sheet

3 of 4

!
Interest covered less than 5 timesOperating income is 4.8× interest expense
✓
Debt smaller than equityDebt / equity 0.68 on the latest balance sheet (peer median 0.68)
✓
Current assets cover current liabilitiesCurrent ratio 8.72
✓
More cash than debtNet cash $3.4B

Debt / equity at each year end, FY2016 to FY2025: 0.36 → 0.76

What the debt is made of ↓

Cash and shareholders

1 of 3

!
Free cash flow positive in 7 of 10 years$597.3M last year
!
Share count up over 5 years+111.2%
✓
Cash from operations above net income$614.8M vs $418.4M

Free cash flow, FY2016 to FY2025: 394.4M → 597.3M

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

What the debt is made of, and when it is due

balance sheet of Aug 1, 2026 · schedule of Feb 1, 2025

The debt note's own lines, 2026-01-31

Fixed rate $0Floating $7.5M

Line, as the company names it	Kind	Rate	Fixed or floating	Amount
French Term Loans (Unsecured Debt)	Secured	–	floating	$7.5M

From the debt note in the 10-K's XBRL (0001326380-26-000013), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.

Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →

Revenue and net income, FY2016 to FY2025

Revenue 3.6B Net income 418.4M

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

GME's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly

Revenue3.6B

Net income418.4M

Free cash flow597.3M

EPS (diluted)0.77

Dividend per share0.10

Diluted shares549.1M

Revenue by business segment

year to Jan 31, 2026

	Revenue	Share	vs year before
United States	2.7B	73.5%	+3.6%
Australia	494.7M	13.6%	+22.2%
Europe	429.4M	11.8%	-32.7%
Canada	38.2M	1.1%	-81.3%

10-K 0001326380-26-000013, segment and revenue notes (XBRL).

Revenue by product or service

year to Jan 31, 2026

	Revenue	Share	vs year before
Hardware and accessories	1.8B	50.7%	-12.3%
Collectibles	1.1B	29.2%	+47.7%
Software	729.3M	20.1%	-27.5%

10-K 0001326380-26-000013, segment and revenue notes (XBRL).

Income statement

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	8.0B	8.5B	8.3B	6.5B	5.1B	6.0B	5.9B	5.3B	3.8B	3.6B
Cost of revenue	5.5B	6.1B	6.0B	4.6B	3.8B	4.7B	4.6B	4.0B	2.7B	2.4B
Gross profit	2.5B	2.5B	2.3B	1.9B	1.3B	1.3B	1.4B	1.3B	1.1B	1.2B
SG&A	1.9B	2.0B	2.0B	1.9B	1.5B	1.7B	1.7B	1.3B	1.1B	910.2M
Operating income	481.7M	439.2M	-702.0M	-399.6M	-237.8M	-368.5M	-311.6M	-34.5M	-26.2M	232.1M
Interest expense	53.8M	56.8M	56.8M	27.2M	32.1M	26.9M	2.6M	3.2M	1.2M	48.3M
Pretax income	428.7M	383.9M	-753.1M	-426.8M	-269.9M	-395.4M	-302.1M	13.1M	137.2M	384.0M
Income tax	124.2M	153.5M	41.7M	37.6M	-55.3M	-14.1M	11.0M	6.4M	5.9M	-34.4M
Net income	353.2M	34.7M	-673.0M	-470.9M	-215.3M	-381.3M	-313.1M	6.7M	131.3M	418.4M
EPS (diluted)	0.85	0.09	-1.65	-1.34	-0.83	-1.31	-1.03	0.02	0.33	0.77
Diluted shares	415.2M	406.0M	408.4M	350.0M	260.0M	290.4M	304.2M	305.2M	394.7M	549.1M
Depreciation & amortization	136.7M	122.3M	105.6M	95.2M	80.0M	76.5M	61.7M	56.2M	38.4M	19.4M
EBITDA	618.4M	561.5M	-596.4M	-304.4M	-157.8M	-292.0M	-249.9M	21.7M	12.2M	251.5M
Gross margin	31.4%	29.1%	27.9%	29.5%	24.7%	22.4%	23.1%	24.5%	29.1%	33.0%
Operating margin	6.0%	5.1%	-8.5%	-6.2%	-4.7%	-6.1%	-5.3%	-0.7%	-0.7%	6.4%
Net margin	4.4%	0.4%	-8.1%	-7.3%	-4.2%	-6.3%	-5.3%	0.1%	3.4%	11.5%
Revenue growth	-	+7.3%	-3.1%	-22.0%	-21.3%	+18.1%	-1.4%	-11.0%	-27.5%	-5.1%
EPS growth	-	-90.0%	-2038%	-	-	-	-	-	+1550%	+133%

Balance sheet

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash	664.5M	854.2M	1.6B	499.4M	508.5M	1.3B	1.1B	921.7M	4.8B	6.3B
Short-term investments	-	-	-	-	-	0	251.6M	277.6M	18.0M	2.7B
Receivables	220.9M	138.6M	134.2M	141.9M	105.3M	141.1M	153.9M	91.0M	60.9M	45.0M
Inventory	1.1B	1.3B	1.3B	859.7M	602.5M	915.0M	682.9M	632.5M	480.2M	403.3M
Current assets	2.1B	3.0B	3.1B	1.6B	1.6B	2.6B	2.3B	2.0B	5.4B	10.0B
Property & equipment	363.3M	351.0M	321.3M	275.9M	201.2M	163.6M	136.5M	94.9M	68.2M	48.3M
Goodwill	1.4B	1.4B	363.9M	0	0	-	-	-	-	-
Total assets	5.0B	5.0B	4.0B	2.8B	2.5B	3.5B	3.1B	2.7B	5.9B	10.4B
Accounts payable	616.6M	892.3M	1.1B	380.8M	341.8M	471.0M	531.3M	324.0M	148.6M	147.1M
Current liabilities	1.8B	1.9B	2.2B	1.2B	1.3B	1.4B	1.3B	934.5M	665.4M	654.5M
Total debt	815.0M	817.9M	820.8M	419.8M	387.7M	44.6M	39.5M	28.5M	16.9M	4.2B
Total liabilities	2.7B	2.8B	2.7B	2.2B	2.0B	1.9B	1.8B	1.4B	945.6M	4.9B
Shareholders' equity	2.3B	2.2B	1.3B	611.5M	436.7M	1.6B	1.3B	1.3B	4.9B	5.4B
Retained earnings	2.3B	2.2B	1.4B	690.2M	474.9M	93.6M	-219.5M	-212.8M	-81.5M	205.2M

Cash flow

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	537.1M	434.9M	325.1M	-414.5M	123.7M	-434.3M	108.2M	-203.7M	145.7M	614.8M
Capital spending	142.7M	113.4M	93.7M	78.5M	60.0M	62.0M	55.9M	34.9M	16.1M	17.5M
Free cash flow	394.4M	321.5M	231.4M	-493.0M	63.7M	-496.3M	52.3M	-238.6M	129.6M	597.3M
Stock-based pay (added back)	17.8M	25.6M	10.7M	8.9M	7.9M	30.5M	40.1M	22.2M	16.4M	26.7M
Dividends paid	155.5M	155.2M	157.4M	40.5M	300K	0	0	-	-	-
Buybacks	63.1M	22.0M	0	198.7M	0	0	-	-	-	-
Acquisitions	441.2M	8.5M	0	0	-	-	-	-	-	-
Debt raised	475.0M	0	0	-	-	-	-	-	-	-
Debt repaid	-	0	0	404.5M	130.3M	307.4M	0	0	-	-
Investing cash flow	-577.4M	-60.6M	635.5M	-60.9M	36.9M	-64.8M	-222.7M	-33.2M	265.1M	-3.2B
Financing cash flow	238.7M	-202.5M	-174.7M	-644.7M	-55.4M	1.2B	-7.9M	-11.6M	3.4B	4.1B
Dividend per share	0.37	0.37	0.38	0.10	-	-	-	-	-	-

Stock-based pay and leases

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Stock-based pay (expense)	17.8M	25.6M	10.7M	8.9M	7.9M	30.5M	40.1M	22.2M	16.4M	26.7M
Stock-based pay / revenue	0.2%	0.3%	0.1%	0.1%	0.2%	0.5%	0.7%	0.4%	0.4%	0.7%
Operating lease cost	-	-	-	342.6M	311.5M	296.3M	278.3M	284.0M	264.1M	196.7M
Operating lease cash paid	-	-	-	296.5M	251.4M	262.3M	257.7M	270.6M	254.0M	170.0M
Right-of-use assets	-	-	0	767.0M	662.1M	586.6M	560.8M	555.8M	374.1M	183.3M
Operating lease liabilities	-	-	850.0M	768.7M	684.1M	604.5M	577.1M	574.3M	393.8M	241.1M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on GME in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/GME/export.csv") into a cell.