GameStop Corp. reported a net income of $44.8 million, or $0.09 diluted earnings per share, for the first quarter ended May 3, 2025. This represents a substantial improvement from a net loss of $32.3 million, or $0.11 diluted loss per share, in the prior-year quarter.
Net sales for the quarter decreased by 16.9% to $732.4 million from $881.8 million year-over-year. However, gross profit margin expanded significantly to 34.5% from 27.7%, and selling, general and administrative expenses decreased by 22.7% to $228.1 million.
The company's liquidity position dramatically strengthened, with cash, cash equivalents, and marketable securities totaling $6.4 billion, up from $1.1 billion a year prior. Collectibles sales surged by 54.6% to $211.5 million, now comprising 28.9% of total sales, while hardware and software sales declined.
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