December 9, 2025.
Grapevine, TX. — GameStop Corp. today announced its financial results for the third quarter, which ended November 1, 2025. Net sales totaled $821.0 million, a decrease from $860.3 million in the prior year’s third quarter. Selling, general and administrative expenses decreased to $221.4 million from $282.0 million. Operating income was $41.3 million, compared to an operating loss of $33.4 million in the prior year. Adjusted operating income, excluding impairment and other items, was $52.1 million, compared to an adjusted operating loss of $24.6 million in the prior year. Net income increased to $77.1 million from $17.4 million for the prior year’s third quarter. Adjusted net income, excluding impairment, unrealized loss on digital assets, non-cash interest expense related to the issuance of warrants to convertible noteholders, and other items, increased to $139.3 million from $26.2 million in the prior year. At the close of the third quarter, cash, cash equivalents and marketable securities totaled $8.8 billion, compared to $4.6 billion at the close of the previous year. Bitcoin holdings were valued at $519.4 million at the close of the third quarter.
The company’s Form 10-Q and supplemental information can be found at https://investor.gamestop.com. Non-GAAP measures, including adjusted SG&A expenses, adjusted operating income (loss), adjusted net income (loss), adjusted earnings (loss) per share, adjusted EBITDA and free cash flow, were also included in the report.
The company believes these non-GAAP financial measures provide useful information to investors in evaluating the company’s core operating performance. Adjusted SG&A expenses, adjusted operating loss, adjusted net income (loss), adjusted net income (loss) per share and adjusted EBITDA exclude the effect of items such as certain transformation costs, asset impairments, unrealized gain (loss) on digital assets, non-cash interest expense related to the issuance of warrants to convertible noteholders, severance, as well as divestiture costs. Free cash flow excludes capital expenditures otherwise included in net cash flows provided by (used in) operating activities. The company’s definition and calculation of non-GAAP financial measures may differ from that of other companies. Non-GAAP financial measures should be viewed as supplementing, and not as an alternative or substitute for, the company’s financial results prepared in accordance with GAAP.
Additional information can be found in the company’s Form 10-Q.
Source: GameStop Corp.
