GME Research | Milton Maxwell

GME

GameStop Corp.

22.28

+0.19+0.86%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

9.98B

P/E (TTM)

25.32

Basic EPS (TTM)

0.88

Dividend Yield

Recent Filings

8-K

GameStop grants Cohen huge options

1/8/26Jan 8, 2026

GameStop granted CEO Ryan Cohen options for 171,537,327 shares at $20.66 strike on January 6, 2026, split into nine tranches vesting upon hitting escalating market cap hurdles from $20B to $100B and cumulative Performance EBITDA from $2B to $10B over ten years. Stockholder approval is required, or options forfeit. Vesting ties Cohen tightly to massive value creation.

8-K

CEO's high-stakes options granted

1/7/26Jan 7, 2026

GameStop granted CEO Ryan Cohen stock options for 171,537,327 shares at $20.66 on January 6, 2026, vesting in nine tranches tied to market cap hurdles from $20B to $100B and Cumulative Performance EBITDA from $2.0B to $10B. No base pay; all at-risk. Award awaits stockholder approval at a special meeting in March or April 2026. Incentives align tightly with shareholders.

8-K

Q3 profit amid sales dip

12/9/25Dec 9, 2025

GameStop reported Q3 net sales of $821.0M, down from $860.3M last year, yet swung to $41.3M operating income from a $33.4M loss. SG&A plunged to $221.4M while cash swelled to $8.8B, bolstered by $519.4M Bitcoin holdings. Cash is king here.

10-Q

Q3 FY2025 results

12/9/25Dec 9, 2025

GameStop posted Q3 net sales of $821M, down 4.6% y/y yet lifting gross margin to 33.3% from 29.9% on collectibles mix shift; operating income swung to $41.3M from -$33.4M y/y (derived), fueled by 21.5% SG&A cuts. Diluted EPS of $0.13 reflects anti-dilution from warrants (exercise price $32). Cash swelled to $7.8B on $4.2B convertible notes (due 2030/2032, 0% rate), funding Bitcoin buy (4,710 held at $519.4M); OCF hit $421M YTD, capex $11M so FCF $410M (derived). French ops ($194M assets held for sale) await divestiture. Bitcoin volatility poses balance sheet risk.

8-K

GameStop warrant distribution

10/7/25Oct 7, 2025

GameStop distributed warrants to common stockholders and convertible noteholders of record on October 3, 2025—one per ten shares, rounded down—exercisable at $32.00 cash for one share until October 30, 2026. Warrants trade as GME WS on NYSE starting October 8. Distribution bolsters shareholder value. Yet market risks loom.

About

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and e-commerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, and gaming headsets; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads. It sells collectibles comprising apparel, toys, trading cards, gadgets, and other retail products for pop culture and technology enthusiasts. The company operates stores and e-commerce sites under the GameStop, EB Games, and Micromania brands; and pop culture themed stores that sell collectibles, apparel, gadgets, electronics, toys, and other retail products under the Zing Pop Culture brand. The company was formerly known as GSC Holdings Corp. GameStop Corp. was founded in 1996 and is headquartered in Grapevine, Texas.

CEO

Mr. Ryan Cohen

IPO

2/13/2002

Website

https://www.gamestop.com

Employees

6,000

Sector

Consumer Cyclical

Industry

Specialty Retail