GameStop Corporation
23.38+0.08 (+0.34%)
Oct 29, 4:00:02 PM EDT · NYSE · GME · USD
Key Stats
Market Cap
10.47BP/E (TTM)
29.22Basic EPS (TTM)
0.80Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
GameStop's Q2 FY2025 net sales climbed 21.8% y/y to $972.2M, fueled by hardware and accessories up 31.2% and collectibles surging 63.3%, though software dipped 26.6%; gross margin slipped to 29.1% from 31.2% on the mix shift. Operating income flipped to $66.4M from a $22.0M loss, with SG&A down 19.2% on cost cuts, while net income hit $168.6M versus $14.8M, boosted by $79.6M interest income and $28.6M unrealized Bitcoin gain. Cash swelled to $8,694.4M after $4.2B in zero-coupon convertible notes due 2030/2032, funding a $500M Bitcoin buy; free cash flow stood at $302.9M (derived). Canada ops sold in Q2, France divestiture pending with $177.0M assets held for sale. Diluted EPS of $0.31 reconciles to 546.5M shares, reflecting note dilution. Bitcoin volatility poses a key risk.
8-K
Warrant dividend boosts options
GameStop announced Q2 net sales of $972.2 million, up from $798.3 million last year, swinging to $66.4 million operating income while cash swelled to $8.7 billion amid Bitcoin buys. Yet the headline is a warrant dividend: one warrant per ten shares to holders on October 3, 2025, distributable around October 7, exercisable at $32 until October 30, 2026. Warrants could yield $1.9 billion if fully exercised for general purposes. No dilution hits now.
8-K
Exec comp upgrade detailed
GameStop boosted Principal Financial Officer Daniel Moore's compensation via a letter agreement dated August 8, 2025, granting him restricted stock units worth $1,650,000 on August 11, vesting in eight installments through July 1, 2027, plus a one-time $80,000 cash bonus. His $200,000 base salary stays put, but severance perks now include six months' pay and COBRA coverage if terminated without cause. This ties key finance leadership to long-term performance amid ongoing volatility.
8-K
Additional Notes Issued
GameStop issued $450 million in additional 0.00% Convertible Senior Notes due 2032 on June 24, 2025, after the initial purchaser fully exercised its greenshoe option announced June 23. This boosts total proceeds to $2.7 billion, earmarked for general corporate purposes like investments per the company's policy and potential acquisitions. Yet market risks loom large. Conversion yields up to 20.3 million shares at $28.91 apiece.
8-K
GameStop's $2.25B Notes Close
GameStop completed a $2.25 billion private offering of 0.00% Convertible Senior Notes due 2032 on June 17, 2025, yielding $2.23 billion in net proceeds for general corporate purposes, including investments per its policy and potential acquisitions. The notes, unsecured with an initial conversion rate of 34.5872 shares per $1,000 at $28.91 per share—a 32.5% premium—mature in 2032 but allow holder repurchases in 2028 or upon fundamental changes. This bolsters liquidity amid market volatility. Risks include conversion triggers tied to stock performance.
IPO
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