GameStop
GME · NYSERetail-Computer & Computer Software Stores · Fiscal year ends Jan 30
GameStop reported revenue of $3.6B in the fiscal year ended Jan 2026, down 5.1% from the year before. Operating income was $232M, an operating margin of 6.4%, and net income was $418M. Operating cash flow of $615M less capital expenditure of $18M left free cash flow of $597M. It held more cash than debt (net cash $2.1B).
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $6B | $5.9B | $5.3B | $3.8B | $3.6B |
| Cost of revenue | $4.7B | $4.6B | $4B | $2.7B | $2.4B |
| Gross profit | $1.3B | $1.4B | $1.3B | $1.1B | $1.2B |
| Selling, general & admin | $1.7B | $1.7B | $1.3B | $1.1B | $910M |
| Operating income | −$369M | −$312M | −$35M | −$26M | $232M |
| Net interest incomeBanks | −$27M | $10M | $50M | $163M | $272M |
| Interest expense | $27M | – | – | – | – |
| Pre-tax income | −$395M | −$302M | $13M | $137M | $384M |
| Income tax | −$14M | $11M | $6M | $6M | −$34M |
| Net income | −$381M | −$313M | $7M | $131M | $418M |
| Diluted EPS | −1.31 | −1.03 | 0.02 | 0.33 | 0.77 |
| Diluted shares | 290M | 304M | 305M | 395M | 549M |
Balance sheet
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.3B | $1.1B | $922M | $4.8B | $6.3B |
| Receivables | $141M | $154M | $91M | $61M | $45M |
| Inventory | $915M | $683M | $633M | $480M | $403M |
| Current assets | $2.6B | $2.3B | $2B | $5.4B | $10B |
| Net PP&E | $164M | $137M | $95M | $68M | $48M |
| Total assets | $3.5B | $3.1B | $2.7B | $5.9B | $10.4B |
| Payables | $471M | $531M | $324M | $149M | $147M |
| Deferred revenue | $378M | $338M | $274M | $229M | $195M |
| Current liabilities | $1.4B | $1.3B | $935M | $665M | $655M |
| Short-term debt | $4M | $11M | $11M | $10M | $0 |
| Long-term debt | $41M | $40M | $18M | $17M | $4.2B |
| Total liabilities | $1.9B | $1.8B | $1.4B | $946M | $4.9B |
| Shareholders' equity | $1.6B | $1.3B | $1.3B | $4.9B | $5.4B |
Cash flow
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | −$434M | $108M | −$204M | $146M | $615M |
| Capital expenditure | $62M | $56M | $35M | $16M | $18M |
| Free cash flow | −$496M | $52M | −$239M | $130M | $597M |
| Depreciation & amortisation | $77M | $62M | $56M | $38M | $19M |
| Stock-based compensation | $31M | $40M | $22M | $16M | $27M |
| Share buybacks | $0 | – | – | – | – |
| Dividends paid | $0 | $0 | – | – | – |
Key ratios
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −1.4% | −11.0% | −27.5% | −5.1% |
| EPS growth (YoY) | – | – | – | 1550.0% | 133.3% |
| Gross margin | 22.4% | 23.1% | 24.5% | 29.1% | 33.0% |
| Operating margin | −6.1% | −5.3% | −0.7% | −0.7% | 6.4% |
| Net margin | −6.3% | −5.3% | 0.1% | 3.4% | 11.5% |
| Return on equityBlank when equity is negative | −23.8% | −23.7% | 0.5% | 2.7% | 7.7% |
| ROCEEBIT ÷ (assets − current liabilities) | −17.2% | −17.6% | −1.9% | −0.5% | 2.4% |
| Free cash flow margin | −8.3% | 0.9% | −4.5% | 3.4% | 16.5% |
| Cash conversion (CFO ÷ net income) | 1.14x | −0.35x | −30.4x | 1.11x | 1.47x |
| Receivable days | 9 | 9 | 6 | 6 | 5 |
| Inventory days | 72 | 55 | 58 | 65 | 60 |
| Payable days | 37 | 43 | 30 | 20 | 22 |
| Interest cover | −13.7x | – | – | – | – |
| Debt ÷ equity | 0.03x | 0.04x | 0.02x | 0.01x | 0.76x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$1.2B | −$1.1B | −$893M | −$4.7B | −$2.1B |
| Current ratio | 1.92x | 1.74x | 2.11x | 8.05x | 15.3x |
Recent filings
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.