Is GameStop still a profitable company?

Asked by: Casimir Bruen  |  Last update: September 24, 2026
Score: 4.7/5 (44 votes)

GameStop is currently profitable on a net income basis as of late 2025, largely driven by aggressive cost-cutting, store closures, and high interest income from a large cash reserve, rather than sales growth. While Q1 2025 saw a $44.8 million profit, the core business faces declining revenue and industry-wide headwinds.

Is GameStop still profitable?

The Reality: GameStop is profitable not because it sold more PS5s, but because it cut costs faster than sales fell. Operating Income swung to $41.3 million (from a loss of $33.4 million last year).

Is GameStop in danger of closing?

In a March 2025 filing with the Securities and Exchange Commission (SEC), GameStop said it planned on closing “a significant number of additional stores in fiscal 2025,” which ends on Jan. 31, 2026, per the documents.

Is the GameStop guy still rich?

What is Keith Gill's net worth in 2025? If Gill's Gamestop position hasn't changed since he last made it public in June 2024, he owns 9 million shares, which as of early 2024, would be worth around $275 million. If Gill still holds both of these stock positions, his net worth could be around $580 million.

Did everyone who invested in GameStop lose their money?

Even the stories of some of the traders Dumb Money was based on, and who I talked to for this story, are far from cut and dried. Some big names lost money on GameStop, but others made a bundle. The same goes for everyday investors — some won, some lost, and plenty were just in it for the casino-like ride.

🔥 GAMESTOP (GME) EXPOSED! 🔥 PROFITS, RISKS, & THE SECRET YOU'RE MISSING (BONUS INCLUDED!)

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Did anyone get rich off GameStop?

The rising stock value allowed Gill to turn an initial US$53,000 investment into $50 million by January 2021. Between 2021–2024, Gill kept a low profile but continued to increase his GameStop ownership.

Did Keith Gill sell his GameStop?

A screenshot on Monday revealed that he made $54 million worth of gains on paper during just one trading session. Gill posted a fresh image on Thursday showing that he has not sold any of his GameStop position since the Monday screenshot and that his holding is now worth more than $500 million.

Does Keith Gill still own Chewy?

Chewy has lost one of its most high-profile feline customers. Keith Gill, better known as the meme-stock messiah Roaring Kitty, has sold off his stake in the online pet retailer, divesting 9 million shares of the company.

How many Gamestops are left in the US?

As of February 2025, the company operated 3,203 stores including 2,325 both in the United States, 193 in Canada (the Canadian operations were sold in May 2025), 374 in Australia and 311 in Europe under the GameStop, EB Games, Micromania-Zing, ThinkGeek and Zing Pop Culture brands.

Why did all the GameStop stores close?

GameStop closing hundreds of stores nationwide, including five in Alabama. At the beginning of 2025, GameStop launched a mass shutdown. As of December, the video game chain had closed 590 stores as part of an effort to reduce costs in the 2025 fiscal year, which ends Jan. 31, 2026.

Why did GameStop fall?

GameStop's revenue has fallen every year since 2023 as video gamers opt for digital game purchases rather than visiting its stores.

Who profited from the GameStop Saga?

While the short squeeze was initially reported as being driven by retail investors, it later emerged that a substantial part of the market activity surrounding GameStop and the related securities was conducted by hedge funds, who had made substantial profits from the short squeeze.

How rich is Keith Gill?

He became a well-known figure among retail investors for sharing his investment strategies online and discussing his big bet on GameStop. Keith Gill's net worth is estimated to be close to $268 million, much of it tied to his holdings in GameStop shares and options.

How much is Roaring Kitty worth right now?

How Much is Roaring Kitty Worth? Gill's belief in GameStop didn't just make him famous—it made him incredibly wealthy. After exercising his call options, Gill still holds 9,001,000 shares of GameStop. At today's price of $29.70 per share, those shares are worth about $267 million.

How much did Keith Gill make on Chewy?

Gill caused a spike in Chewy's stock price, along with that of rival Petco Health and Wellness (WOOF), in June when he posted a comic picture of a dog on his X site. They rose again in July when it was revealed Gill held a 6.6% position in Chewy, owning 9 million shares worth about $245 million at the time.

Is Daymond John still rich?

Yes, Daymond John is still very rich, with an estimated net worth of around $350 million, built from his iconic FUBU brand, his role on Shark Tank, and various other ventures like The Shark Group, speaking, and authoring. He's considered a centi-millionaire and continues to be an active investor and entrepreneur.
 

What is Foolios' net worth?

Julio Foolio, the rising rapper, had an estimated net worth of $1 million at the time of his death. He accumulated this wealth primarily through his music career, which included album sales, streaming revenue, and live performances.

What does Roaring Kitty own now?

As of June 13, 2024, Gill's net worth includes more than 9 million GameStop shares valued at $262 million, and about $6.3 million in cash. He owns 6.6% of online retailer, Chewy, stock. Gill stepped away from his online accounts in 2021 before returning in May 2024.

Did Jenny from Dumb Money ever sell?

Campbell only sold five of those shares, making more from that sale than she spent on the investment of the 100. She still holds the remaining shares.

Why did Melvin Capital lose money?

2021 losses

In early 2021 the fund lost over 30% due to numerous short bets that went awry, including GameStop. Users of the subreddit r/WallStreetBets made widespread bets believing that GameStop's stock would increase in value.