GameStop Q1 net income $44.8 million vs. loss a year earlier; net sales fell to $732.4 million
GameStop reported first quarter 2025 results for the period ended May 3, 2025. Net sales fell to $732.4 million from $881.8 million, while net income was $44.8 million compared with a net loss of $32.3 million a year earlier, helped by $56.9 million of net interest income. The mixed results and the company's subsequent Bitcoin purchases bear on how shareholders read its core operating performance.
Key points
- Net sales were $732.4 million, down from $881.8 million in the prior year's first quarter.
- Operating loss narrowed to $10.8 million from $50.6 million, including $35.5 million of impairment charges tied to international restructuring.
- Net income was $44.8 million; adjusted net income was $83.1 million, versus an adjusted net loss of $36.7 million a year earlier.
- Completed the divestiture of Canada on May 4, 2025, and bought 4,710 Bitcoin for cash between May 3 and June 10, 2025.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 10, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.