@MichaelTLoPiano Maud Dib (Kitty) disappeared into the desert so Leto II (Cohen) could create stability and prosperity for the empire for thousands of years (decades and centuries)
Final* Q1 2026 Earnings estimates for $GME
April data has now come in from all of my market research sources over the past week, so this is my final update to the Q1 estimates.
- Hardware and Accessories: ~$330M
- Software: ~$186M
- Collectibles: ~$293M
Total Revenue: ~$809M
- Net Operating Profit: ~$88M
- Interest Income: ~$94M
- $BTC dollar gain + CC strategy gain: ~$29M
- $EBAY derivatives unrealized gain: ~$456M
Total Adj Net Income: ~$667M
Uncertain Wildcard: Corporate Tariff Refunds (~$150M). If GameStop applied for corporate tariff refunds before Q1 closed around May 2, and recognized the receivable at the time of application, this amount could appear on the balance sheet and flow into adjusted net income for the quarter. The application portal opened approximately 4/21/26, leaving a narrow window of roughly 11 days before quarter-end. Actual cash disbursements to applying corporations are understood to have not hit accounts until the first or second week of May, meaning the cash itself would not be in Q1, but an accrued receivable could be, depending on GME's accounting policy and whether they applied at all. This remains entirely unconfirmed but a welcome bonus, either this quarter or in Q2 if GameStop files for it.
Another historic and momentous quarter for GameStop, and possibly the last time I run projections for the company as it has existed over the past five years. Soon, the research and reporting may need to broaden to reflect a much larger company! I will link all of the Q1 monthly market research in the comments, covering the product and service categories in which GameStop operates. Let me know if you have any thoughts or questions.
@rnewton7777 Deep itm leap calls are less reactive to iv changes and move closer to 1 to 1 with the underlying. Right now you can get a jan212028 $10 leap for about $1300. There's less liquidity there compared to atm but you're breakeven or better anywhere above $23 before January 2028
@rnewton7777 Wen nugs was a joke. I share the sentiment here. Still, I find GME to be a rarity in the markets where the board puts their money where their mouth is