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GameStop GME French and Canadian — Asset impairments

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Other financials

Income statement

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Revenue$835.3M+14.0%
Gross profit$340.3M+34.6%
Operating income$143.3M+1,427%
Net income$389.6M+770%
EPS (diluted)$0.66+633%

Balance sheet

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Cash & equivalents$7.4B+15.4%
Total debt$4.3B+146%
Total equity$5.8B+17.1%
Total assets$11.0B+46.3%

Cash flow

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Operating cash flow$337.4M+75.3%
CapEx$4.5M+55.2%
Free cash flow$332.9M+75.6%

Valuation

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Market cap$8.63B-15.4%
Enterprise value$5.56B+0.3%
P/E11.3×-37.7×
P/S2.3×-0.5×

Profitability

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Gross margin34.4%+3.8pp
Operating margin10.3%
Net margin20.4%+14.8pp
FCF margin19.8%

Returns & leverage

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Return on equity14.1%+7.5pp
Debt / equity0.7×+0.4×
Current ratio12.4×+4.0×

Where this comes from

Reported directly by GameStop in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The source filing: GameStop’s 10-Q, filed June 11, 2026.

Filed
Jun 11, 2026, 6:15 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001326380-26-000025

For fiscal 2025 and the first quarter of fiscal 2026, the Company recognized net impairment charges of $30.6 million and a net impairment reversal of $4.6 million, respectively, related to the French disposal group. These amounts reflect the remeasurement of the carrying value of the French disposal group to fair value, less costs to sell, and include the impact of adjustments previously recorded in Accumulated other comprehensive income.

Item 1. Financial Statements (unaudited)

FAQ

What is GameStop's french and canadian — asset impairments?
GameStop (GME) reported french and canadian — asset impairments of $4.6M in Q1 2026.
What does french and canadian — asset impairments mean?
This metric represents the non-cash charges recognized when the carrying value of assets within the French and Canadian geographic segments exceeds their recoverable amount. It reflects the write-down of long-lived assets, such as store fixtures, leasehold improvements, or goodwill, due to adverse changes in local market conditions or underperformance of retail locations. Monitoring this figure helps investors assess the long-term viability and capital efficiency of the company's international retail footprint.

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