GameStop Corp.
GME, GME-WT · Retail-Computer & Computer Software Stores · 448.7M shares · +37%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $176M (gross $199M, SBC $22M)
Reference price $23.19 · est. market cap ~$10.4B — last insider sale, 2026-04-13 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C67Cash-rich specialty retailer that is profitable largely on interest income while its core game-retail revenue keeps shrinking.
Strengths
- Fortress liquidity: $9.0B cash (97.6th pct), current ratio 15.3, net margin 11.5% (75th pct) and $597M FCF (85.8th pct)
- Cost discipline and collectibles mix lifted gross margin to 33%; FY net income aided by $271M interest income
Risks
- Net sales down 5.1% with secular decline in hardware/software and 727 US store closures; ROE only ~7.7%
- Speculative Bitcoin/convertible-note treasury strategy adds volatility (e.g., $131.6M digital-asset loss)
Notable findings
- Customer concentration~29% of revenue from one customer/distributor — In 2025, we continued to expand our collectibles business, increasing its contribution from 19% of total sales in 2024 to 29% of total sales in 2025
- Chronic dilutionShare count +37%/yr over 4y (dilution)
- Strong balance sheetStrong balance sheet — $9.0B cash & investments
- Insider buyingInsider buying — 5 open-market buy(s) by 3 insider(s) (cluster of 3 insiders, ~$22M, last 6mo) Form 4 ↗
- Insider sellingInsider selling — 6 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$901,643, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
33.0%
Operating margin
6.4%
Net margin
11.5%
Return on equity
7.7%
Return on assets
4.0%
ROIC
1.9%
Revenue growth (QoQ)
1.7%
Net-income growth
218.7%
Debt / equity
0.8×
Current ratio
15.3×
Free cash flow
$597M
Tangible book value
$5.4B
Cash & investments
$9.0B
Stock comp / revenue
0.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-13 | Robinson Mark Haymond | Sell | 3.9K | $23.19 |
| 2026-04-01 | Moore Daniel William | Sell | 7.2K | $22.94 |
| 2026-04-01 | Moore Daniel William | Grant | 21K | $23.59 |
| 2026-04-01 | Robinson Mark Haymond | Sell | 7.2K | $22.94 |
| 2026-04-01 | Robinson Mark Haymond | Grant | 21K | $23.59 |
| 2026-01-23 | Cheng Lawrence | Buy | 5.0K | $22.87 |
| 2026-01-21 | Attal Alain | Buy | 12K | $21.63 |
| 2026-01-21 | Cohen Ryan | Buy | 500K | $21.60 |
| 2026-01-20 | Cohen Ryan | Buy | 500K | $21.12 |
| 2026-01-20 | Attal Alain | Buy | 12K | $20.90 |
| 2026-01-12 | Robinson Mark Haymond | Sell | 12K | $21.00 |
| 2026-01-02 | Moore Daniel William | Sell | 5.5K | $20.44 |
| 2026-01-02 | Robinson Mark Haymond | Sell | 5.5K | $20.44 |
| 2025-12-23 | Moore Daniel William | Grant | 1.1K | $21.38 |
| 2025-12-23 | Robinson Mark Haymond | Grant | 967 | $21.38 |
| 2025-12-09 | Robinson Mark Haymond | Grant | 9.6K | $21.84 |
| 2025-10-02 | Robinson Mark Haymond | Sell | 4.4K | $27.58 |
| 2025-10-02 | Moore Daniel William | Sell | 6.5K | $27.58 |
| 2025-09-02 | Moore Daniel William | Sell | 830 | $22.68 |
| 2025-08-11 | Moore Daniel William | Grant | 71K | $23.22 |
| 2025-07-24 | Robinson Mark Haymond | Sell | 30 | $23.81 |
| 2025-07-23 | Robinson Mark Haymond | Sell | 11K | $24.18 |
| 2025-07-02 | Robinson Mark Haymond | Sell | 1.3K | $23.95 |
| 2025-07-02 | Moore Daniel William | Sell | 721 | $23.95 |
| 2025-07-01 | Robinson Mark Haymond | Grant | 91K | $27.34 |
| 2025-07-01 | Moore Daniel William | Grant | 20K | $27.34 |
| 2025-06-30 | Grube James | Buy | 5.6K | $23.71 |
| 2025-04-10 | Attal Alain | Buy | 10K | $25.75 |
| 2025-04-03 | Cheng Lawrence | Buy | 5.0K | $21.54 |
| 2025-04-03 | Cohen Ryan | Buy | 500K | $21.55 |
| 2025-04-02 | Moore Daniel William | Sell | 1.6K | $22.53 |
| 2025-04-02 | Robinson Mark Haymond | Sell | 4.7K | $22.53 |
| 2025-01-03 | Moore Daniel William | Sell | 895 | $31.07 |
| 2025-01-03 | Robinson Mark Haymond | Sell | 1.6K | $31.07 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-26 | 2026-06-26 | 0001326380-26-000035 ↗ |
| 8-K | 2026-06-23 | 2026-06-23 | 0001326380-26-000029 ↗ |
| 10-Q | 2026-06-11 | 2026-05-02 | 0001326380-26-000025 ↗ |
| 8-K | 2026-06-02 | 2026-06-02 | 0001326380-26-000020 ↗ |
| 8-K | 2026-05-04 | 2026-05-03 | 0001193125-26-202468 ↗ |
| 8-K | 2026-03-24 | 2026-03-24 | 0001326380-26-000012 ↗ |
| 10-K | 2026-03-24 | 2026-01-31 | 0001326380-26-000013 ↗ |
| 8-K | 2026-01-08 | 2026-01-08 | 0001326380-26-000007 ↗ |
| 8-K | 2026-01-07 | 2026-01-06 | 0001326380-26-000004 ↗ |
| 10-Q | 2025-12-09 | 2025-11-01 | 0001326380-25-000098 ↗ |
| 8-K | 2025-12-09 | 2025-12-09 | 0001326380-25-000097 ↗ |
| 8-K | 2025-10-07 | 2025-10-07 | 0001326380-25-000091 ↗ |