GameStop Corp.
For the period ended Jan 31, 2026. Filed Mar 24, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed Mar 24, 2026
GME$25.43-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
(in millions)
| Fiscal Year Ended | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net income | $418.4 | $131.3 | $6.7 |
| Adjustments to reconcile net income to net cash flows from operating activities: | |||
| Depreciation and amortization | 14.6 | 38.9 | 56.2 |
| Stock-based compensation expense, net | 26.7 | 16.4 | 22.2 |
| Loss on digital assets and related receivables | 131.6 | — | — |
| Warrants issued to Convertible Noteholders | 42.2 | — | — |
| Asset impairments | 53.8 | 9.7 | 4.8 |
| Deferred income taxes | (66.7) | (1.8) | (0.1) |
| Loss (Gain) on disposal of property and equipment, net | 4.2 | (7.1) | 1.5 |
| Other, net | (10.6) | 1.2 | 0.8 |
| Changes in operating assets and liabilities: | |||
| Receivables, net | 6.0 | 28.9 | 65.0 |
| Merchandise inventories, net | 12.6 | 94.5 | 39.9 |
| Prepaid expenses and other assets | 6.6 | 4.9 | 10.4 |
| Prepaid income taxes and income taxes payable | (11.0) | 3.7 | (2.4) |
| Accounts payable and accrued liabilities | 0.8 | (179.5) | (397.7) |
| Operating lease right-of-use assets and lease liabilities | 0.4 | 1.6 | (8.1) |
| Changes in other long-term liabilities | (14.8) | 3.0 | (2.9) |
| Net cash flows provided by (used in) operating activities | 614.8 | 145.7 | (203.7) |
| Cash flows from investing activities: | |||
| Purchases of marketable securities | (2,770.5) | (61.4) | (326.8) |
| Purchase of digital assets | (500.0) | — | — |
| Capital expenditures | (17.5) | (16.1) | (34.9) |
| Investment in collaboration agreement | (17.5) | — | — |
| Proceeds from maturities and sales of marketable securities | 90.2 | 316.8 | 312.6 |
| Proceeds from sale of property and equipment | 0.3 | 15.3 | 13.1 |
| Proceeds from other divestitures, net of cash disposed | (0.4) | — | — |
| Proceeds from sale of a business unit | — | 7.0 | — |
| Proceeds from sale of digital assets | — | — | 2.8 |
| Other | 5.6 | 3.5 | — |
| Net cash flows provided by (used in) investing activities | (3,209.8) | 265.1 | (33.2) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of convertible debt | 4,200.0 | — | — |
| Debt issuance costs from convertible debt and warrants | (42.1) | — | — |
| Proceeds from the issuance of shares in at-the-market offerings | — | 3,453.8 | — |
| Repayments of French term loans | (11.9) | (10.8) | (10.7) |
| Proceeds from the exercise of warrants | 0.2 | — | — |
| Settlement of stock-based awards | — | — | (0.9) |
| Proceeds from equity awards directly withheld from employees for tax purposes | 9.9 | 8.7 | 9.5 |
| Payments to tax authorities for equity awards directly withheld from employees | (9.9) | (8.7) | (9.5) |
| Net cash flows provided by (used in) financing activities | 4,146.2 | 3,443.0 | (11.6) |
| Exchange rate effect on cash, cash equivalents and restricted cash | 9.6 | (2.9) | (8.6) |
| Less: Net change in cash balances classified as assets held-for-sale | (22.5) | — | — |
| Increase (decrease) in cash, cash equivalents and restricted cash | 1,538.3 | 3,850.9 | (257.1) |
| Cash, cash equivalents and restricted cash at beginning of period | 4,789.8 | 938.9 | 1,196.0 |
| Cash, cash equivalents and restricted cash at end of period | $6,328.1 | $4,789.8 | $938.9 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
|---|---|---|---|
| Cash received for interest income | $322.9 | $162.9 | $47.9 |
| Cash paid for interest | (48.3) | (1.2) | (3.2) |
| Cash received for interest, net | $274.6 | $161.7 | $44.7 |
| Cash paid for income taxes | $(37.1) | $(6.2) | $(11.2) |
| Cash tax refunds received | 3.3 | 4.4 | 3.0 |
| Cash paid for income taxes, net | $(33.8) | $(1.8) | $(8.2) |
| Cash paid for operating leases | $(170.0) | $(254.0) | $(270.6) |
| Leased assets obtained in exchange for new operating lease liabilities | 61.4 | 65.8 | 263.7 |
| Non-cash investing and financing activities: | |||
| Accruals related to purchases of property and equipment | $0.1 | $0.2 | $0.3 |
| Reclassification of digital assets from intangible assets to receivables | 368.3 | — | — |
Supplemental Non-Cash Investing Activities
During the fourth quarter of fiscal 2025, the Company pledged 4,709 Bitcoin as collateral for a covered call strategy, resulting in the derecognition of digital assets and the recognition of a digital assets receivable with a fair value of $428.0 million as of the date of derecognition, and $368.3 million as of January 31, 2026.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.