GameStop Corp.

"Our business model is expanding beyond traditional retail to include value creation through disciplined capital allocation, and we view our significant cash and other sources of liquidity as a strategic asset to be deployed into investments, acquisitions, and control transactions that we believe offer long-term value."

"We continue to review the best use for our cash and other sources of liquidity, including potential control transactions and transformational acquisitions."

"Net sales increased 14.0% to $835.3 million compared to the prior-year period — a positive comparison achieved notwithstanding the smaller store base and reduced international footprint resulting from the actions we took during fiscal 2025."

"we operate our business in three geographic segments: United States, Australia and Europe. During the second quarter of fiscal 2025, we divested our operations in Canada"

"the Board approved the addition of Bitcoin as a treasury reserve asset, whereby a portion of our cash or future debt and equity issuances may be invested in Bitcoin"

"our results of operations for the nine months ended November 1, 2025 are not indicative of our future results for the year ending January 31, 2026 due to the seasonal nature of our business"

"We have not set a maximum amount of Bitcoin we may accumulate. We may also sell any Bitcoin we may acquire."

"During the second quarter of fiscal 2025, we completed the sale of our Canadian subsidiary, Electronic Boutique Canada, Inc., which operated our Canadian stores and e-commerce business."

"We continue to explore ways to increase the size of our addressable market through new product and service offerings, including offerings in the graded collectibles category."

"On March 18, 2025, our Board of Directors unanimously authorized a revised investment policy...whereby a portion of our cash or future debt and equity issuances may be invested in Bitcoin. We have not set a maximum amount of Bitcoin we may accumulate."

"In connection with our efforts to achieve sustained profitability, we continue to evaluate our international assets and operations to determine their strategic and financial fit and to eliminate redundancies and underperforming assets."

"While we expect our cost containment efforts to yield reductions in selling, general and administrative expenses in the long term, we have incurred and may continue to incur non-recurring costs related to these efforts in the short term."

"During fiscal 2024, total net sales decreased 27.5% compared to the prior year, with net sales in our Europe, Canada, United States, and Australia segments decreasing by 38.0%, 30.2%, 24.9%, and 22.5%, respectively."

"The increase in gross profit as a percentage of net sales is primarily due to a shift to higher margin product categories, specifically collectibles and preowned hardware and accessories, as well as improvements in inventory management."

"While this review is ongoing and a specific set of stores has not been identified for closure, we anticipate closing a significant number of additional stores in fiscal 2025."

"While we expect our cost containment efforts to yield reductions in selling, general and administrative (SG&A) expenses in the long term, we have incurred and may continue to incur non-recurring costs related to these efforts in the short term."

"We have also initiated a comprehensive store portfolio optimization review which involves identifying stores for closure based on many factors, including an evaluation of current market conditions and individual store performance. While this review is ongoing and a specific set of stores has not been identified for closure, we anticipate that it may result in the closure of a larger number of stores than we have closed in the past few years."

"Our business, like that of many retailers, is seasonal, with the major portion of the net sales realized during the fourth quarter, which includes the holiday selling season."

"Our strategic plan is designed to optimize our core business and achieve profitability."

"We anticipate that [store closures] may result in the closure of a larger number of stores than we have closed in the past few years."

"On August 27, 2024, we voluntarily terminated the 2026 Revolver...After giving effect to the termination, our principal sources of liquidity will be cash from operations and cash on hand."

"GameStop is following a strategic plan to fully leverage its unique position and brand recognition in gaming through a new phase of transformation."

"We will continue to focus on cost containment as we look to operate with increased efficiency."

"The decrease in consolidated net sales for the three months ended May 4, 2024 compared to the prior year was primarily attributable to a $98.6 million decline in the sale of new software, a $220.5 million decline in the sale of hardware and accessories, and a $36.2 million decline in the sale of collectibles."

"During fiscal 2023, we continued to optimize our cost structure to align with our current and anticipated future needs. We will continue to focus on cost containment as we look to operate with increased efficiency."

"On December 5, 2023, the Board of Directors approved a new investment policy...the Board of Directors has delegated authority to manage the Company's portfolio of securities investments to an Investment Committee consisting of the Company's Chairman and CEO, Ryan Cohen, and two independent members of the Board of Directors."

"The decrease in consolidated net sales in fiscal 2023 compared to the prior year was primarily attributable to a $300.6 million or 16.5%, decline in the sales of software, a $210.6 million or 21.8%, decline in the sales of collectibles..."

"We are taking the following steps, with a significant emphasis on cost containment: Improving margins through operational discipline and increased emphasis on higher margin collectibles and pre-owned product categories; Ensuring the Company's cost structure is sustainable relative to revenue, including taking steps to optimize our workforce to operate efficiently and nimbly"

"During the three and nine months ended October 28, 2023, we recognized net interest income of $12.9 million and $34.2 million, respectively, compared to net interest income of $3.7 million and $3.3 million, respectfully, for the three and nine months ended October 29, 2022. The impact is primarily attributable to interest income increasing as a result of higher returns on invested cash, cash equivalents and marketable securities."

"The decline in SG&A expenses for the nine months ended October 28, 2023 compared to the prior year is primarily attributable to a reduction in labor-related, consulting service costs, and marketing expenses of $224.2 million, driven by our continued focus on cost reduction efforts."

"Ensuring the Company's cost structure is sustainable relative to revenue, including taking steps to optimize our workforce to operate efficiently and nimbly"

"The decline in SG&A expenses for the three and six months ended July 29, 2023 is primarily attributable to a reduction in labor-related and consulting service costs driven by our focus on cost structure optimization"

"On June 5, 2023, our Board of Directors terminated Matthew Furlong's employment with the Company as its President and Chief Executive Officer without Cause"