# GameStop Corp. (GME)

> Source: Nexqual · https://nexqual.com/GME · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, GameStop Corp. (GME), nexqual.com/GME" · informational, not investment advice.

**Price:** USD 25.39 (-3.42% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 26.29 · day 24.62–26.25 · 52w 17.79–28.3 · market cap $12.8B · NYQ

## Key facts
- Last four reported quarters (through Aug 1, 2026): revenue $3.55B, net income $893M (25.2% margin), free cash flow $688M (SEC filings).
- Valuation: P/E 14.3x (avg 252.2x at the last 3 fiscal year-ends), net cash $893M.
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $1.4M; 2 not under a Rule 10b5-1 plan ($336K); 0 by opportunistic insiders, 6 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 10 Form 4 filings, $99.2M; 1 by opportunistic insiders, 0 by routine insiders.
- Analysts: None.
- Total return with dividends: 1Y +7.5% vs S&P 500 +14.9%; 5Y -40.2% vs S&P 500 +80.3%.
- Next earnings: 2026-12-08, EPS estimate USD 0.37, revenue estimate $811M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.01B | $5.93B | $5.27B | $3.82B | $3.63B | $3.55B |
| Gross profit | $1.35B | $1.37B | $1.29B | $1.11B | $1.20B | — |
| Operating income | -$369M | -$312M | -$34.5M | -$26.2M | $232M | $480M |
| Net income | -$381M | -$313M | $6.7M | $131M | $418M | $893M |
| EPS (diluted) | -$1.31 | -$1.03 | $0.02 | $0.33 | $0.77 | — |
| Free cash flow | -$496M | $52.3M | -$239M | $130M | $597M | $688M |
| Gross margin | 22.4% | 23.1% | 24.5% | 29.1% | 33.0% | — |
| Operating margin | -6.1% | -5.3% | -0.7% | -0.7% | 6.4% | 13.5% |
| Net margin | -6.3% | -5.3% | 0.1% | 3.4% | 11.5% | 25.2% |
| Revenue growth | +18.1% | -1.4% | -11.0% | -27.5% | -5.1% | — |
| Cash + short-term investments | $1.27B | $1.39B | $1.20B | $4.77B | $9.01B | — |
| Total debt | $44.6M | $50.3M | $28.5M | $27.2M | $4.16B | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Aug 1, 2026)
P/E 14.3x · P/S 3.6x · EV/Sales 3.4x · P/FCF 18.6x · P/B 2.1x · FCF yield 5.37% · Earnings yield 6.97% · Net cash $893M · EV $11.9B
P/E at fiscal year-ends: Jan 2026 31.3x, Feb 2025 75.3x, Feb 2024 650.0x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
4 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-12 | Moore Daniel William | PFO and PAO | 15,480 | $418K | 14.4% | Yes (adopted October 3, 2025) | Routine (sold in Oct each year 2023–2025) |
| 2026-10-01…2026-10-05 | Robinson Mark Haymond | General Counsel and Secretary | 11,178 | $276K | 10.7% | Yes (adopted January 12, 2026) | Routine (sold in Jul & Oct each year 2023–2025) |
| 2026-10-01 | Moore Daniel William | PFO and PAO | 7,297 | $177K | 6.3% | No | Routine (sold in Oct each year 2023–2025) |
| 2026-07-01…2026-07-06 | Robinson Mark Haymond | General Counsel and Secretary | 11,040 | $248K | 9.6% | Yes (adopted January 12, 2026) | Routine (sold in Jul & Oct each year 2023–2025) |
| 2026-07-01 | Moore Daniel William | PFO and PAO | 7,085 | $159K | 5.8% | No | Routine (sold in Oct each year 2023–2025; this trade is outside those months) |
| 2026-04-13 | Robinson Mark Haymond | General Counsel and Secretary | 3,912 | $91K | 3.3% | Yes (adopted January 12, 2026) | Routine (sold in Jul & Oct each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
10 purchases, $99.2M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-10-13 | Cohen Ryan | President, CEO and Chairman | 844,130 | $22.8M | 26.98 | Too little history (no open-market trades in 2024) |
| 2026-10-02 | Cohen Ryan | President, CEO and Chairman | 700,000 | $17.1M | 24.41 | Too little history (no open-market trades in 2024) |
| 2026-10-01 | Turner Nat | Director | 10,462 | $255K | 24.33 | Too little history (no open-market trades in 2023–2025) |
| 2026-09-29 | Cohen Ryan | President, CEO and Chairman | 450,000 | $10.6M | 23.48 | Too little history (no open-market trades in 2024) |
| 2026-09-21 | Attal Alain | Director | 17,500 | $402K | 22.97 | Too little history (no open-market trades in 2024) |
| 2026-09-21 | Cohen Ryan | President, CEO and Chairman | 1,150,680 | $26.4M | 22.94 | Too little history (no open-market trades in 2024) |
| 2026-09-10 | Attal Alain | Director | 5,000 | $100K | 20 | Too little history (no open-market trades in 2024) |
| 2026-09-10 | Cohen Ryan | President, CEO and Chairman | 1,000,000 | $20.4M | 20.38 | Too little history (no open-market trades in 2024) |
| 2026-09-09 | Grube James | Director | 10,255 | $196K | 19.12 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-08 | Cheng Lawrence | Director | 55,000 | $1.0M | 18.8 | Opportunistic (traded every year 2023–2025, no repeating month) |

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +7.5% | -40.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +7.5% | -9.8% |
| Volatility (annualized) | 38.7% | 66.6% |
| Max drawdown | -32.6% (May 2026→Aug 2026) | -81.8% (Nov 2021→Apr 2024) |

## Peers (Specialty Retail)
FIVE (Five Below, Inc.) USD 225.87 +0.79% · DKS (Dick's Sporting Goods Inc) USD 148.78 +4.80% · MUSA (Murphy USA Inc.) USD 532.1 -0.82% · TSCO (Tractor Supply Company) USD 34.73 +6.24% · BBY (Best Buy Co., Inc.) USD 99.83 +6.07% · CASY (Caseys General Stores, Inc.) USD 713.65 +2.66%

## More
Full page: https://nexqual.com/GME · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in GME's own 10-K filed 2026-03-24 (https://www.sec.gov/Archives/edgar/data/1326380/000132638026000013/gme-20260131.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | Amazon (AMZN) | "In the United States, we compete with Walmart Stores, Inc. ("Walmart"), Target Corporation ("Target"), Best Buy Co., Inc. ("Best Buy") and Amazon.com, Inc. ("Amazon.com"), and other national and specialty retailers." |
| Competitor | Walmart (WMT) | "In the United States, we compete with Walmart Stores, Inc. ("Walmart"), Target Corporation ("Target"), Best Buy Co., Inc. ("Best Buy") and Amazon.com, Inc. ("Amazon.com"), and other national and specialty retailers." |
| Competitor | Target (TGT) | "In the United States, we compete with Walmart Stores, Inc. ("Walmart"), Target Corporation ("Target"), Best Buy Co., Inc. ("Best Buy") and Amazon.com, Inc. ("Amazon.com"), and other national and specialty retailers." |
| Competitor | Best Buy (BBY) | "In the United States, we compete with Walmart Stores, Inc. ("Walmart"), Target Corporation ("Target"), Best Buy Co., Inc. ("Best Buy") and Amazon.com, Inc. ("Amazon.com"), and other national and specialty retailers." |
| Competitor | Sony (SONY) | "We compete with mass merchants and regional chains, computer product and consumer electronics stores, other gaming and related specialty stores, toy retail chains, direct sales by software publishers, the online environm…" |
| Competitor | Microsoft (MSFT) | "We compete with mass merchants and regional chains, computer product and consumer electronics stores, other gaming and related specialty stores, toy retail chains, direct sales by software publishers, the online environm…" |
| Competitor | Nintendo | "We compete with mass merchants and regional chains, computer product and consumer electronics stores, other gaming and related specialty stores, toy retail chains, direct sales by software publishers, the online environm…" |

Other companies that name GME in their own reports (relationship from GME's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| supplier | Robinhood Markets, Inc. (HOOD) | 10-K 2026-02-18 | "Beginning on January 28, 2021, due to increased deposit requirements imposed on RHS by the NSCC in response to unprecedented market volatility, particularly in certain securities, RHS temporarily rest…" |

## Revenue by business segment (quarter ended 2026-08-01)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| United States | $608.2M | 77.0% | -16.1% | $153.2M | 25.2% |
| Australia | $120.9M | 15.3% | -14.2% | $8.1M | 6.7% |
| Europe | $61.1M | 7.7% | -42.7% | -$1.1M | -1.8% |
| Total revenue | $790.2M | 100% | — | $160.2M | 20.3% |

## Revenue by product line (quarter ended 2026-08-01)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Collectibles | $356.3M | 45.1% | +56.5% |
| Video Games | $263.2M | 33.3% | -46.8% |
| Pre Owned & Refurbished | $170.7M | 21.6% | -31.7% |
| Total revenue | $790.2M | 100% | — |

## Company outlook (8-K filed 2026-09-08)

- "The Company raised its fiscal year 2026 Adjusted EBITDA outlook to in excess of $650 million."
- "FISCAL YEAR 2026 OUTLOOK For the fiscal year ending January 30, 2027, the Company now expects to generate Adjusted EBITDA in excess of $650 million, an increase from its prior outlook of Adjusted EBITDA in excess of $600 million provided on June 26, 2026."
- "Preliminary Financial Information With respect to the Company's fiscal year 2026 outlook set forth above, all such projected financial information is preliminary and forward-looking."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $0.37 | $0.23 | +60.9% | $810.6M | 1 |
| Next quarter (ends 2027-01-31) | $0.50 | $0.51 | -2.0% | $1.47B | 1 |
| Current fiscal year (ends 2027-01-31) | $1.80 | $1.09 | +65.1% | $3.90B | 1 |
| Next fiscal year (ends 2028-01-31) | $1.86 | $1.21 | +53.7% | $4.33B | 1 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-12-18 (includes earnings 2026-12-08): ±17.9%; earnings reaction alone ±3.8%; last 8 reports averaged ±5%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 61.3% | ±7.4% |
| 2026-11-06 | 14 | 57.8% | ±9.5% |
| 2026-11-13 | 21 | 58.0% | ±11.5% |
| 2026-11-20 | 28 | 54.5% | ±12.4% |
| 2026-11-27 | 35 | 55.5% | ±14.1% |
| 2026-12-04 | 42 | 55.4% | ±15.4% |
| 2026-12-18 | 56 | 56.1% | ±17.9% |
| 2027-01-15 | 84 | 54.3% | ±20.9% |