Annual 10-K Financial Data (Fiscal 2011-2024) — 14 Years — Key Metrics & Trends
Revenue Trajectory: GameStop peaked at $9.55B in fiscal 2011-2012, then experienced a gradual decline accelerated by digital distribution disruption. Current revenue stands at $3.82B, reflecting a 60% decline from peak levels but with significantly improved cost structure.
Profitability Turnaround: After severe losses in FY2018 (-$673.0M net income) and FY2019 (-$470.9M), GameStop returned to profitability in FY2023 ($6.7M) and expanded to $131.3M in FY2024. Operating losses also narrowed from -$399.6M (FY2019) to -$26.2M (FY2024).
Fortress Balance Sheet: GameStop has built a significant cash position of $4.76B plus $18.0M in short-term investments, totaling nearly $4.78B in liquid assets. This represents a massive improvement from the $499M cash position during the 2019-2021 crisis years.
Debt Elimination: Total debt peaked at $817.9M in FY2018. Through aggressive deleveraging, GameStop reduced total debt to just $27.2M by FY2024 — a 97% reduction. The company is now effectively debt-free.
Store Productivity Insight: Despite a 52% reduction in store count (from 7,535 to 3,203), revenue per store has remained stable and even improved — from $1.14M during peak era to $1.19M in FY2024. This indicates GameStop's store consolidation strategy has successfully focused on higher-performing locations, maintaining per-store productivity while dramatically reducing overhead.
| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | Total Assets | Cash | Total Debt | Stores |
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