GME — GameStop Corp. · Cleearly

GME

New York Stock Exchange

GameStop Corp.

Specialty Retail

$19.89

▲ $1.00 (+5.29%)

Market cap$8.93BPrev close$18.89Day range$18.97 – $20.24

The AI Brief

What a senior analyst would tell you about GME.

3mo ago

What's happening

GameStop reported Q1 2026 net income of $389.6M versus $44.8M prior year on 14% revenue growth, with the stock up 6.67% today to $22.32.
Board authorized a $2 billion buyback, a material slug against the current market cap and the first explicit capital return signal since the cash pile ballooned.
Collectibles now drive roughly 42% of revenue, confirming the pivot away from physical game software is generating the margin uplift behind the earnings beat.
Shares remain down 25.3% over twelve months against a peer average of +69.75%, so today's pop is recovery off a deep underperformance base.
An unresolved bid dynamic involving eBay remains in the background, with the buyback announcement timed to absorb selling pressure tied to that situation.

Bull case

EPS growth of 180% YoY paired with the collectibles mix shift to 42% of sales reframes GME as a profitable specialty retailer rather than a melting ice cube.
Current ratio of 15.3 and a $2B buyback authorization give management an oversized tool to mop up float, particularly meaningful given the high short interest history.
Operating income, not just net income, expanded year over year, indicating the profit beat is operational rather than driven by interest income on the cash pile alone.
Stock has held a tight $20.2 to $26.9 range all year, and a confirmed earnings beat plus capital return removes two overhangs that capped the range.

Bear case

ROIC of 2.4% and ROA of 4.0% show the balance sheet cash is not being deployed productively, making the buyback an admission that management lacks better uses for capital.
Revenue growth is still -5.0% TTM and -6.5% on a five-year basis, so one strong quarter against easy comps does not yet prove a durable top-line inflection.
At 22.9x earnings and 25x EV/EBITDA, GME trades like a growth name while competing in collectibles against eBay, Amazon, and specialty card shops with structural scale advantages.
The 25.3% twelve-month decline against peers up 69.75% reflects persistent skepticism that the collectibles pivot can sustain double-digit growth past favorable comp periods.

What to watch

Next earnings on 2026-06-09 with consensus $0.16 EPS on $767M revenue, the immediate test of whether the Q1 beat extends or was a one-quarter comp anomaly.
Pace and price of buyback execution under the $2B authorization, which will appear in the next 10-Q and dictate float reduction velocity.
Collectibles segment disclosure on the June 9 print, specifically whether the 42% mix continues climbing and what gross margin that category is contributing.
Any concrete update on the eBay situation, including whether GameStop pursues a formal bid or pivots capital toward something else.

Fundamentals

TTM · vs peer median

Valuation

What you pay vs. what the business earns and owns.

P/E

10.0×

P/S

3.2×

P/B

1.5×

EV / EBITDA

10.4×

Dividend yield

0.0%

Growth

How fast the top and bottom lines are expanding.

Revenue growth (YoY)

1.6%

EPS growth (YoY)

184.5%

Financial health

Short-term solvency and leverage.

Current ratio

8.72

Quick ratio

8.07

Returns & margins

Capital efficiency and margin profile.

ROE

15.7%

ROA

8.0%

Earnings

EPS actual vs. consensus — last 12 quarters

Next report2026-12-08consensus $0.37 EPS

Finnhub + FMP

Filings

SEC EDGAR · 6 recent

8-Kfiled 2d ago2026-09-082.02 — Results of operations and financial condition · 7.01 — Regulation FD disclosureView on SEC
Summary generating — check back in a moment.
8-Kfiled 10d ago2026-08-311.01 — Entry into a material agreement · 2.02 — Results of operations and financial conditionView on SEC
Summary generating — check back in a moment.
8-Kfiled 1mo ago2026-08-031.01 — Entry into a material agreement · 3.02 — Unregistered sales of equity securitiesView on SEC
Summary generating — check back in a moment.
8-Kfiled 2mo ago2026-07-085.03 — Amendments to articles or bylaws · 5.07 — Submission of matters to a vote of security holdersView on SEC
Summary generating — check back in a moment.
8-Kfiled 2mo ago2026-06-267.01 — Regulation FD disclosure · 9.01 — Financial statements and exhibitsView on SEC
Summary generating — check back in a moment.
8-Kfiled 2mo ago2026-06-238.01 — Other events · 9.01 — Financial statements and exhibitsView on SEC
Summary generating — check back in a moment.

Peers

5 companies vs. GME

Ticker	Company	Market cap	P/E	Rev growth	1Y return
GME	GameStop Corp.	$8.93B	10.0×	1.6%	−15.3%
CART	Maplebear Inc.	$10.91B	22.7×	12.6%	+12.8%
DDS	Dillard's, Inc.	$9.92B	14.5×	-8.2%	+13.8%
FIVE	Five Below, Inc.	$13.83B	22.3×	25.6%	+64.4%
MNSO	MINISO Group Holding Limited	$2.81B	15.2×	28.3%	+198.3%
MUSA	Murphy USA Inc.	$9.32B	15.1×	10.3%	+32.0%

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