May 2020: $570.3 million
Jan 2026: $9.013 billion
Investors gave them this money; they sold additional stock to raise $3.47B in 2024, and another $4.2B of convertible debt in 2025.
The fact that investors are giving GameStop money is a good thing for GameStop; It is a signal of confidence. It is not a detriment like you try to position it.
Basically they got a huge cash infusion from memestock hodlers trying to get to the moon. Greater than half of their profits are now from the interest on that money, which is wild.
However, the retail business itself is still failing because no one buys video games at the mall anymore.
---- henlow, fellow regards ----
Any questions for muh'smoothest'brain?
[$]: 4710BTC, to be exact
Can people here really not keep their emotions in check enough to admit clearly obvious facts?
It's not an answer to the question of a turnaround, and therefore low quality information? How much you have in assets does not correlate with the ongoing success of the business. Examining the day to day business of Gamestop and excluding the memestock shenanigans leaves a very bad business.
The core business has declining revenue - net sales 2016 $8.6b, 2025 $3.5b and still in decline. Cash flow from operations also continues to shrink.
Store footprint has shrunk.
The underlying business stinks, even if they made a ton of money selling stock, they haven't done anything significant to halt the spiral.
To the poster below asking if I'm drunk. Please provide some sort of revenue citation to 18x? https://stockanalysis.com/stocks/gme/revenue/
It seems consistent that the same thing would happen here.
