GameStop Quarterly Report: Q3 FY2025

1. 01
   GameStop holds 4,710 Bitcoin with a fair value of $519.4 million and a cumulative unrealized gain of $19.4 million as of November 1, 2025. The company did not buy or sell Bitcoin in Q3 FY2025.
2. 02
   The company recorded an unrealized loss of $9.2 million on digital assets for the three months ended November 1, 2025, and an unrealized gain of $19.4 million for the nine months ended November 1, 2025.
3. 03
   GameStop issued warrants to purchase shares of Common Stock to holders of its Class A Common Stock and Convertible Senior Notes due 2030 and 2032, distributed on October 7, 2025.
4. 04
   A noncash, nonrecurring interest charge of $42.2 million was incurred in Q3 FY2025 due to the issuance of warrants to holders of Convertible 2030 and 2032 Notes.
5. 05
   GameStop collaborated with Collectors Holdings, Inc. (PSA) to offer autograph authentication and grading services for trading cards through select stores and launched 'Power Packs,' a digital trading card platform in partnership with PSA.
6. 06
   The conversion rate for the Convertible 2030 Notes is 33.4970 shares of Common Stock per $1,000 principal amount, equivalent to an initial conversion price of approximately $29.85 per share.
7. 07
   The One Big Beautiful Bill Act (OBBBA) was enacted on July 4, 2025, but GameStop does not expect it to materially affect its estimated fiscal 2025 effective tax rate.

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