Is GameStop still profitable?

Asked by: Dr. Pete Balistreri MD  |  Last update: October 12, 2026
Score: 4.6/5 (70 votes)

Yes, GameStop has recently achieved profitability, largely due to aggressive cost-cutting, a focus on higher-margin collectibles (like trading cards), and significant interest income from its large cash reserves, even as its traditional video game sales decline and physical store footprint shrinks. While revenue from core gaming struggles, the company's successful pivot to higher-margin items and its cash-rich balance sheet provide a financial floor, though its long-term digital transformation and sustainability remain key questions for investors.

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.

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.

Did anyone make money from GameStop?

Yes, many investors profited hugely from GameStop, and other meme stocks including AMC, Get Free Report and Bed Bath & Beyond. But many more investors lost money on them. Typically, they bought in just before the peak and failed to get out before the price fell sharply.

How much does the CEO of GameStop make?

GameStop CEO Ryan Cohen could be set for a $35 billion payday – with one big caveat. A GameStop store in New York City on April 4, 2025. The video game retailer announced a performance-based compensation package for its CEO that's worth $35 billion.

GameStop Soars Back to Profitability

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Who lost the most money with GameStop?

During the height of the squeeze, Melvin was reportedly losing more than a billion dollars a day. The short position adopted by Melvin Capital and others resulted in more than 139% of existing shares of GME being shorted, making GameStop stock the most shorted equity in the world.

How much did Roaring Kitty make off GameStop?

Keith Gill, known online as "Roaring Kitty," is credited with triggering the GameStop stock rally in 2020, when he posted online that he believed the shares were undervalued. 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.

Is GameStop closing down in Canada?

In that same filing, GameStop breaks down its plans to wind down its presence in international markets, including Austria, Ireland, Switzerland, Germany, Italy, Canada, and France.

Is GameStop still a good investment?

Key Points. GameStop is the pioneer of the meme stock craze. The company has actually improved its operations and recently reported a solid quarter of earnings. However, the business remains risky, and there are better opportunities in the market.

Is Roaring Kitty a millionaire?

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.

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.

What if I invested $10,000 in Apple in 1990?

Investing $10,000 in Apple (AAPL) stock in 1990 would have yielded an astronomical return, making you a multimillionaire many times over by today, with calculations suggesting it would be worth tens of millions of dollars (or potentially over $100 million with dividends reinvested) due to incredible growth, stock splits, and the success of products like the iPhone, though exact figures vary slightly based on calculation dates and dividend reinvestment, Yahoo Finance. 

Did Keith Gill lose his money?

However, the value of the stock continued to fluctuate wildly; he lost $15 million in one day, and when markets closed on January 29, The Wall Street Journal confirmed that his brokerage accounts held $33 million.

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.

What is the 80% rule Zuckerberg?

Googlers call Zuckerberg's approach the 80 percent rule

She calls this idea the 80 percent rule. It states you should schedule only about 80 percent of your days. Leave 20 percent open to absorb whatever craziness comes up.

Who is the richest female CEO?

FIVE FEMALE CEOS WITH THE HIGHEST SALARY IN THE WORLD

  1. Lisa Su, Advanced Micro Devices. Lisa Su is the highest-paid female CEO in the world. ...
  2. Mary Teresa Barra, General Motors. ...
  3. Phebe Novakovic, General Dynamics. ...
  4. Ana Botin, Banco Santander. ...
  5. Emma Walmsley, GlaxoSmithKline.