TAKE TWO INTERACTIVE SOFTWARE INC
TTWO · Services-Prepackaged Software · 185.7M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$136M (gross $200M, SBC $336M)
Reference price $244.61 · est. market cap ~$45.4B — last insider sale, 2026-06-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C64Premier games publisher loss-making this year, but with strong FCF and a major upcoming catalyst (GTA VI).
Strengths
- Strong free cash flow — FCF $461.5M (75th)
- Marquee franchises — GTA, NBA 2K — strong IP pipeline
- Solid gross margin — 57.2%
Risks
- Net loss — operating margin -1.6%, net income -93.3% (18th) on amortization/impairment
- Heavy content investment ahead of releases — per 10-K
- Hit-driven/timing risk — per 10-K
Notable findings
- Net lossNet loss (net margin -4.5%)
- Customer concentration~97% of revenue from one customer/distributor — Net revenue from digital online channels comprised 97
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $2.0B cash & investments
- Notable holderHeld by 6 notable fund(s): STATE STREET CORP, TIGER GLOBAL MANAGEMENT LLC, CITADEL ADVISORS LLC +3 more (as of 2026-03-31)
- Insider sellingInsider selling — 61 open-market sale(s) by 10 insider(s) (cluster of 10 insiders, ~$151M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
57.2%
Operating margin
-1.6%
Net margin
-4.5%
Return on equity
-8.5%
Return on assets
-3.2%
ROIC
-1.4%
Revenue growth (QoQ)
-1.1%
Debt / equity
0.7×
Net debt / EBITDA
5.3×
Current ratio
1.2×
Free cash flow
$462M
EBITDA
$94M
Tangible book value
$796M
Cash & investments
$2.0B
Stock comp / revenue
4.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-22 | Moses Jon J | Sell | 500 | $244.61 |
| 2026-06-16 | Emerson Daniel P | Sell | 4.4K | $230.00 |
| 2026-06-15 | Moses Jon J | Sell | 500 | $215.22 |
| 2026-06-15 | Emerson Daniel P | Sell | 4.4K | $215.00 |
| 2026-06-08 | Emerson Daniel P | Sell | 8.8K | $214.00 |
| 2026-06-04 | Dornemann Michael | Sell | 1.2K | $217.02 |
| 2026-06-03 | Slatoff Karl | Sell | 8.5K | $214.99 |
| 2026-06-03 | Slatoff Karl | Sell | 4.8K | $217.07 |
| 2026-06-03 | Slatoff Karl | Sell | 1.9K | $217.97 |
| 2026-06-03 | Slatoff Karl | Sell | 1.4K | $218.73 |
| 2026-06-03 | Slatoff Karl | Sell | 546 | $220.00 |
| 2026-06-03 | Slatoff Karl | Sell | 23K | $215.88 |
| 2026-06-02 | Emerson Daniel P | Sell | 21K | $219.61 |
| 2026-06-02 | Goldstein Lainie | Sell | 31K | $219.61 |
| 2026-06-01 | ZELNICK STRAUSS | Sell | 6.1K | $224.44 |
| 2026-06-01 | ZELNICK STRAUSS | Sell | 25K | $225.50 |
| 2026-06-01 | ZELNICK STRAUSS | Sell | 29K | $226.47 |
| 2026-06-01 | ZELNICK STRAUSS | Sell | 86K | $227.40 |
| 2026-06-01 | ZELNICK STRAUSS | Sell | 41K | $228.31 |
| 2026-06-01 | ZELNICK STRAUSS | Sell | 18K | $229.21 |
| 2026-06-01 | ZELNICK STRAUSS | Sell | 2.9K | $230.14 |
| 2026-06-01 | ZELNICK STRAUSS | Sell | 739 | $231.01 |
| 2026-06-01 | ZELNICK STRAUSS | Other | 210K | — |
| 2026-06-01 | ZELNICK STRAUSS | Gift | 86K | — |
| 2026-06-01 | ZELNICK STRAUSS | Grant | 330K | — |
| 2026-06-01 | Goldstein Lainie | Disposition | 14K | — |
| 2026-06-01 | Goldstein Lainie | Grant | 57K | — |
| 2026-06-01 | Emerson Daniel P | Disposition | 9.6K | — |
| 2026-06-01 | Emerson Daniel P | Grant | 38K | — |
| 2026-06-01 | Srinivasan LaVerne Evans | Sell | 373 | $229.35 |
| 2026-06-01 | ZELNICK STRAUSS | Gift | 86K | — |
| 2026-06-01 | Slatoff Karl | Disposition | 65K | — |
| 2026-06-01 | Slatoff Karl | Sell | 6.1K | $224.44 |
| 2026-06-01 | Slatoff Karl | Sell | 25K | $225.50 |
| 2026-06-01 | Slatoff Karl | Sell | 29K | $226.47 |
| 2026-06-01 | Slatoff Karl | Sell | 86K | $227.40 |
| 2026-06-01 | Slatoff Karl | Sell | 41K | $228.31 |
| 2026-06-01 | Slatoff Karl | Sell | 18K | $229.21 |
| 2026-06-01 | Slatoff Karl | Sell | 2.9K | $230.14 |
| 2026-06-01 | Slatoff Karl | Sell | 739 | $231.01 |
| 2026-06-01 | Slatoff Karl | Other | 210K | — |
| 2026-06-01 | Slatoff Karl | Other | 40K | — |
| 2026-06-01 | Slatoff Karl | Grant | 330K | — |
| 2026-06-01 | ZELNICK STRAUSS | Disposition | 65K | — |
| 2026-05-29 | Sheresky Michael | Sell | 131 | $218.26 |
| 2026-05-26 | ZELNICK STRAUSS | Sell | 200 | $224.06 |
| 2026-05-26 | ZELNICK STRAUSS | Sell | 19K | $221.37 |
| 2026-05-26 | ZELNICK STRAUSS | Sell | 22K | $222.39 |
| 2026-05-26 | ZELNICK STRAUSS | Sell | 2.1K | $223.53 |
| 2026-05-26 | ZELNICK STRAUSS | Sell | 397 | $224.28 |
| 2026-05-26 | ZELNICK STRAUSS | Sell | 3.9K | $222.46 |
| 2026-05-26 | ZELNICK STRAUSS | Sell | 1.6K | $223.44 |
| 2026-05-26 | ZELNICK STRAUSS | Sell | 240 | $224.33 |
| 2026-05-26 | ZELNICK STRAUSS | Gift | 20K | — |
| 2026-05-26 | ZELNICK STRAUSS | Gift | 20K | — |
| 2026-05-26 | ZELNICK STRAUSS | Sell | 1.7K | $221.71 |
| 2026-05-26 | ZELNICK STRAUSS | Sell | 16K | $222.34 |
| 2026-05-26 | ZELNICK STRAUSS | Sell | 2.5K | $223.46 |
| 2026-04-15 | Siminoff Ellen F | Sell | 143 | $207.66 |
| 2026-04-15 | Siminoff Ellen F | Sell | 270 | $207.66 |
| 2026-04-01 | GORDON WILLIAM B | Grant | 91 | — |
| 2026-04-01 | Siminoff Ellen F | Grant | 116 | — |
| 2026-04-01 | Viera Paul E | Grant | 103 | — |
| 2026-03-16 | Siminoff Ellen F | Sell | 270 | $209.36 |
| 2026-03-16 | Siminoff Ellen F | Sell | 143 | $209.36 |
| 2026-03-09 | GORDON WILLIAM B | Sell | 2.5K | $208.69 |
| 2026-03-05 | Dornemann Michael | Sell | 1.4K | $213.09 |
| 2026-03-03 | ZELNICK STRAUSS | Sell | 7.9K | $214.16 |
| 2026-03-02 | ZELNICK STRAUSS | Sell | 14K | $215.09 |
| 2026-03-02 | ZELNICK STRAUSS | Sell | 38K | $214.15 |
| 2026-03-02 | Goldstein Lainie | Sell | 1.2K | $213.47 |
| 2026-03-02 | GORDON WILLIAM B | Sell | 2.5K | $209.01 |
| 2026-03-02 | Emerson Daniel P | Sell | 810 | $213.47 |
| 2026-02-26 | Emerson Daniel P | Sell | 1.7K | $213.62 |
| 2026-02-18 | Siminoff Ellen F | Sell | 143 | $200.00 |
| 2026-02-18 | Siminoff Ellen F | Sell | 270 | $200.00 |
| 2026-02-18 | Sheresky Michael | Sell | 155 | $194.73 |
| 2026-01-15 | Siminoff Ellen F | Sell | 270 | $245.48 |
| 2026-01-15 | Siminoff Ellen F | Sell | 144 | $245.48 |
| 2026-01-01 | Viera Paul E | Grant | 86 | — |
| 2026-01-01 | Siminoff Ellen F | Grant | 96 | — |
| 2026-01-01 | GORDON WILLIAM B | Grant | 84 | — |
| 2025-12-15 | Siminoff Ellen F | Sell | 270 | $242.71 |
| 2025-12-15 | Siminoff Ellen F | Sell | 143 | $242.71 |
| 2025-12-02 | Goldstein Lainie | Sell | 1.6K | $248.11 |
| 2025-12-02 | Emerson Daniel P | Sell | 1.1K | $248.11 |
| 2025-11-18 | Srinivasan LaVerne Evans | Sell | 1.4K | $238.27 |
| 2025-11-17 | Sheresky Michael | Sell | 182 | $235.11 |
| 2025-11-14 | Siminoff Ellen F | Sell | 270 | $235.95 |
| 2025-11-14 | Siminoff Ellen F | Sell | 144 | $235.95 |
| 2025-10-15 | Siminoff Ellen F | Sell | 268 | $259.42 |
| 2025-10-15 | Siminoff Ellen F | Sell | 143 | $259.42 |
| 2025-10-01 | Siminoff Ellen F | Grant | 1.1K | — |
| 2025-10-01 | GORDON WILLIAM B | Grant | 1.0K | — |
| 2025-10-01 | Viera Paul E | Grant | 1.1K | — |
| 2025-10-01 | HERNANDEZ ROLAND A | Grant | 967 | — |
| 2025-10-01 | Srinivasan LaVerne Evans | Grant | 1.4K | — |
| 2025-10-01 | Tolson Susan | Grant | 967 | — |
| 2025-10-01 | Sheresky Michael | Grant | 967 | — |
| 2025-10-01 | Moses Jon J | Grant | 967 | — |
| 2025-10-01 | Dornemann Michael | Grant | 967 | — |
| 2025-09-15 | Siminoff Ellen F | Sell | 144 | $246.25 |
| 2025-09-15 | Siminoff Ellen F | Sell | 270 | $246.25 |
| 2025-09-08 | Goldstein Lainie | Sell | 10K | $250.00 |
| 2025-09-04 | Moses Jon J | Sell | 1.0K | $239.57 |
| 2025-09-03 | Emerson Daniel P | Sell | 903 | $241.00 |
| 2025-09-02 | Goldstein Lainie | Sell | 10K | $240.00 |
| 2025-09-02 | Emerson Daniel P | Sell | 1.1K | $236.83 |
| 2025-09-02 | Goldstein Lainie | Sell | 1.6K | $236.83 |
| 2025-08-28 | Goldstein Lainie | Sell | 20K | $230.64 |
| 2025-08-27 | ZELNICK STRAUSS | Gift | 20K | — |
| 2025-08-27 | ZELNICK STRAUSS | Gift | 20K | — |
| 2025-08-27 | ZELNICK STRAUSS | Sell | 3.0K | $229.57 |
| 2025-08-27 | ZELNICK STRAUSS | Sell | 12K | $230.73 |
| 2025-08-27 | ZELNICK STRAUSS | Sell | 4.7K | $231.27 |
| 2025-08-26 | ZELNICK STRAUSS | Sell | 2.4K | $233.01 |
| 2025-08-26 | ZELNICK STRAUSS | Sell | 39K | $231.02 |
| 2025-08-26 | ZELNICK STRAUSS | Sell | 3.4K | $231.85 |
| 2025-08-26 | ZELNICK STRAUSS | Sell | 100 | $233.55 |
| 2025-08-21 | Emerson Daniel P | Sell | 22K | $227.47 |
| 2025-08-21 | Slatoff Karl | Sell | 3.3K | $228.39 |
| 2025-08-21 | Slatoff Karl | Sell | 7.6K | $226.90 |
| 2025-08-21 | Slatoff Karl | Sell | 38K | $227.77 |
| 2025-08-21 | Srinivasan LaVerne Evans | Sell | 2.3K | $227.47 |
| 2025-08-18 | Sheresky Michael | Sell | 198 | $233.47 |
| 2025-08-15 | Siminoff Ellen F | Sell | 268 | $233.65 |
| 2025-08-15 | Moses Jon J | Sell | 1.0K | $231.33 |
| 2025-08-15 | Siminoff Ellen F | Sell | 143 | $233.65 |
| 2025-08-14 | Srinivasan LaVerne Evans | Grant | 362 | — |
| 2025-08-14 | Dornemann Michael | Grant | 254 | — |
| 2025-08-14 | Moses Jon J | Grant | 254 | — |
| 2025-08-14 | Sheresky Michael | Grant | 254 | — |
| 2025-08-14 | HERNANDEZ ROLAND A | Grant | 254 | — |
| 2025-08-14 | Viera Paul E | Grant | 346 | — |
| 2025-08-14 | Siminoff Ellen F | Grant | 356 | — |
| 2025-08-14 | GORDON WILLIAM B | Grant | 324 | — |
| 2025-08-14 | Tolson Susan | Grant | 254 | — |
| 2025-07-15 | Siminoff Ellen F | Sell | 270 | $237.80 |
| 2025-07-15 | Siminoff Ellen F | Sell | 144 | $237.80 |
| 2025-06-16 | Siminoff Ellen F | Sell | 268 | $230.95 |
| 2025-06-16 | Siminoff Ellen F | Sell | 143 | $230.95 |
| 2025-06-04 | Siminoff Ellen F | Sell | 270 | $229.52 |
| 2025-06-04 | Siminoff Ellen F | Sell | 143 | $229.52 |
| 2025-06-02 | Slatoff Karl | Grant | 373K | — |
| 2025-06-02 | Sheresky Michael | Sell | 200 | $225.53 |
| 2025-06-02 | Emerson Daniel P | Sell | 27K | $225.22 |
| 2025-06-02 | ZELNICK STRAUSS | Grant | 373K | — |
| 2025-06-02 | Goldstein Lainie | Sell | 40K | $225.22 |
| 2025-06-01 | Emerson Daniel P | Grant | 31K | — |
| 2025-06-01 | Goldstein Lainie | Grant | 45K | — |
| 2025-05-30 | ZELNICK STRAUSS | Sell | 158K | $225.97 |
| 2025-05-30 | ZELNICK STRAUSS | Sell | 8.0K | $226.45 |
| 2025-05-30 | ZELNICK STRAUSS | Other | 299K | — |
| 2025-05-30 | ZELNICK STRAUSS | Gift | 136K | — |
| 2025-05-30 | ZELNICK STRAUSS | Gift | 136K | — |
| 2025-05-30 | ZELNICK STRAUSS | Sell | 51K | $224.97 |
| 2025-05-30 | Slatoff Karl | Sell | 51K | $224.97 |
| 2025-05-30 | Slatoff Karl | Sell | 158K | $225.97 |
| 2025-05-30 | Slatoff Karl | Sell | 8.0K | $226.45 |
| 2025-05-30 | Slatoff Karl | Other | 299K | — |
| 2025-05-30 | Slatoff Karl | Other | 49K | — |
| 2025-05-30 | Emerson Daniel P | Gift | 45 | — |
| 2025-05-28 | Dornemann Michael | Grant | 262 | — |
| 2025-05-28 | Moses Jon J | Grant | 262 | — |
| 2025-05-28 | Sheresky Michael | Grant | 262 | — |
| 2025-05-28 | Tolson Susan | Grant | 262 | — |
| 2025-05-28 | Srinivasan LaVerne Evans | Grant | 373 | — |
| 2025-05-28 | HERNANDEZ ROLAND A | Grant | 262 | — |
| 2025-05-28 | Viera Paul E | Grant | 356 | — |
| 2025-05-28 | Siminoff Ellen F | Grant | 367 | — |
| 2025-05-28 | GORDON WILLIAM B | Grant | 334 | — |
| 2025-03-06 | Sheresky Michael | Sell | 173 | $214.20 |
| 2025-03-03 | Goldstein Lainie | Sell | 829 | $211.24 |
| 2025-03-03 | Emerson Daniel P | Sell | 577 | $211.24 |
| 2025-02-25 | Slatoff Karl | Sell | 6.5K | $207.32 |
| 2025-02-25 | Slatoff Karl | Sell | 23K | $208.18 |
| 2025-02-25 | Slatoff Karl | Sell | 3.2K | $208.92 |
| 2025-02-25 | Slatoff Karl | Sell | 678 | $210.16 |
| 2025-02-14 | Dornemann Michael | Grant | 310 | — |
| 2025-02-14 | Moses Jon J | Grant | 310 | — |
| 2025-02-14 | Sheresky Michael | Grant | 310 | — |
| 2025-02-14 | Tolson Susan | Grant | 310 | — |
| 2025-02-14 | Srinivasan LaVerne Evans | Grant | 443 | — |
| 2025-02-14 | HERNANDEZ ROLAND A | Grant | 310 | — |
| 2025-02-14 | Viera Paul E | Grant | 422 | — |
| 2025-02-14 | GORDON WILLIAM B | Grant | 395 | — |
| 2025-02-14 | Siminoff Ellen F | Grant | 435 | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-21 | ResultsExhibits | filing ↗ |
| 2026-02-03 | ResultsExhibits | filing ↗ |
| 2025-11-06 | ResultsExhibits | filing ↗ |
| 2025-09-19 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2025-09-10 | OtherExhibits | filing ↗ |
| 2025-09-05 | Exec/director changeExhibits | filing ↗ |
| 2025-08-07 | ResultsExhibits | filing ↗ |
| 2025-05-22 | OtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-K | 2026-05-22 | 2026-03-31 | 0001628280-26-037434 ↗ |
| 8-K | 2026-05-21 | 2026-05-21 | 0001628280-26-037260 ↗ |
| 10-Q | 2026-02-04 | 2025-12-31 | 0001628280-26-005119 ↗ |
| 8-K | 2026-02-03 | 2026-02-03 | 0001628280-26-005010 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001628280-25-050326 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001628280-25-050182 ↗ |
| 8-K | 2025-09-19 | 2025-09-18 | 0001628280-25-042186 ↗ |
| 8-K | 2025-09-10 | 2025-09-10 | 0001193125-25-200136 ↗ |
| 8-K | 2025-09-05 | 2025-08-29 | 0001193125-25-197270 ↗ |
| 8-K | 2025-08-07 | 2025-08-07 | 0001628280-25-038919 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0001628280-25-038963 ↗ |
| 8-K | 2025-05-22 | 2025-05-20 | 0001193125-25-125066 ↗ |