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A place for theoretical discussions about business and stocks - specifically GameStop Stock ($GME). Opinions and memes welcome. None of this is...

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The original was posted on /r/Superstonk by /u/Pharago on 2025-06-24 10:22:59+00:00.

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The original was posted on /r/Superstonk by /u/somermike on 2025-06-24 10:06:14+00:00.


Morning Apes! It looks like there's at least a few of us working on some earnings estimates for Q2. That's great as GME currently has very limited analyst coverage and I'd go so far as to say it has zero serious analyst coverage. Hopefully as we get closer to the reporting date, we can get compare the various sub projections and have a more realistic earnings expectation than in prior quarters.

Highlights > Commentary > Expanded Numbers > Additional Thoughts.

Quarterly Highlights:

| Metric | Q2 ’25E | Q1 ’25A | Q2 ’24A | YoY Δ | Seq. Δ | |


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| | Net sales | $805* | 732.4 | 798.3 | +0.8 % | +9.9 % | | Gross margin | 32.3 % | 34.5 % | 31.2 % | +110 bp | -220 bp | | Operating income (loss) | $30 | $(10.8) | $(22.0) | +$52 | +$41 | | Net interest income | $60 | $56.9 | $39.5 | +51.2% | +5.4% | | Net income | $81 | 44.8 | 14.8 | +447.3% | +80.8% | | EPS | $0.18 | 0.10 | 0.04 | +350% | +80% | | Cash & equivalents | $8.62 bn | 6.39 bn | 4.20 bn | +105.2% | +34.9% | | Digital assets (BTC) | $0.45 bn | — | — | | | | Convertible notes (0 % 2030) | $3.71 bn | 1.48 bn | — | | +250% |

Earnings are lower than I expected off the first few passes at this. I had $0.25 as the number in my head from reading through Q1 and landing on $0.18 feels like I'm low on revenue or high on costs. That's pretty much my current fight between a Switch 2 revenue bump and fewer stores / general retail slowdown. I'm almost certain I end up revising EPS upwards from this conservative position.

Diluted EPS takes a big hit with 70M+ shares hitting the forward pool from Bond 2.0. Expect this to be the primary news bullet, similar to "Declining revenues" from Q1.

Book Value here raises slightly again from $11.16/share in Q1 to $11.25 in Q2 and forward projections there grow even stronger as GME continues to raise cash above it's current trading range.

New Diluted BVPS = $9520 (Projected Q2 Assets) - $1000 (Projected Q2 Liabilites - Bond 1 - Bond 2) / 575 (447M Shares + 50M B1 + 78M B2) = $14.81 -- This converts all bond debt to the associated shares at the initial conversion. No forward growth of assets projected here. I don't believe there's anything that tracks this as an official metric, but I do this to get a sense of what things might look like post conversion in a worst-case (no growth) scenario.

Expanded but still condensed numbers below.


Condensed Statements of Operations.

| Metric | Q2 ’25E | Q1 ’25A | Q2 ’24A | |


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| | Net sales | $805.0 | 732.4 | 798.3 | | Cost of sales | 545.0 | 479.6 | 549.5 | | Gross profit | 260.0 | 252.8 | 248.8 | | SG&A | 230.0 | 228.1 | 270.8 | | Asset impairments | — | 35.5 | — | | Operating income (loss) | 30.0 | (10.8) | (22.0) | | Net interest income | 60.0 | 56.9 | 39.5 | | Other income / (expense) | 0.5 | (2.2) | 0.0 | | Income before taxes | 90.5 | 48.3 | 17.5 | | Income-tax expense (10 % ETR) | 9.5 | 3.5 | 2.7 | | Net income | $81.0 | 44.8 | 14.8 | | Basic / diluted EPS | $0.18 / 0.14 | 0.10 / 0.09 | 0.04/ 0.04 | | Wtd-avg shares basic / diluted (m) | 447.1 / 576 | 447.1 / 497.9 | 386.4 / 387.2 |


Condensed Balance Sheet

| Metric | Jul 31 ’25E | May 3 ’25A | Aug 3 ’24A | |


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| | Cash & equivalents | $8,620 | 6,385.8 | 4,204.0 | | Digital assets (BTC) | 450 | — | — | | Inventories | 450 | 421.3 | 560.0 | | Total assets | ~9,520 | 7,502.6 | 5,536.3 | | Current liabilities | 610 | 847.3 | 783.5 | | 0 % convertible notes (LT) | 3,710 | 1,480.7 | — | | Lease liabilities (LT) | 160 | 167.8 | 335.9 | | Total liabilities | 4,480 | 2,515.2 | 1,152.9 | | Stockholders’ equity | ~5,040 | 4,987.4 | 4,383.4 |

There's a similar post to this that lives on my profile page and that's where the updates will live until there's something significant enough to warrant an additional post.

If you're interested in this type of analysis but not ready to get into breaking down entire balance sheets, pick a single section of numbers (SGA expenses, Lease liabilities, gross margins, anything really) and do a deep dive on that single number going back through the start of the Cohen era. You'll probably come up with a more informed number than those of us trying to project the entire balance sheet as it's a weedsy process and most of us are doing this as a side thing.

At a minimum, I'm hoping to add sections breaking down revenue categories, Switch 2 projections, SGA costs, and a condensed cash flow statement.

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The original was posted on /r/Superstonk by /u/Affectionate_Use_606 on 2025-06-24 07:40:27+00:00.

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The original was posted on /r/Superstonk by /u/Parsnip on 2025-06-24 05:55:04+00:00.


Guten Morgen to this global band of Apes! 👋🦍

The week started off as usual, with the SHFs taking the opportunity to depress the price a bit. I don't mind - I've continued to buy this dip. With the company on a strong path of improvement, I anticipate that we'll soon be looking back at these prices and wishing we'd bought more. Will you increase your position today?

Today is Tuesday, June 24th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets!

🚀 Buckle Up! 🚀


  • 🟩 120 minutes in: $22.92 / 19,98 € (volume: 9978)
  • 🟥 115 minutes in: $22.91 / 19,97 € (volume: 8920)
  • 🟩 110 minutes in: $22.91 / 19,97 € (volume: 8472)
  • 🟥 105 minutes in: $22.91 / 19,97 € (volume: 8260)
  • 🟥 100 minutes in: $22.92 / 19,98 € (volume: 7803)
  • 🟩 95 minutes in: $22.93 / 19,99 € (volume: 7618)
  • 🟩 90 minutes in: $22.92 / 19,98 € (volume: 7543)
  • 🟥 85 minutes in: $22.89 / 19,96 € (volume: 7463)
  • 🟥 80 minutes in: $22.91 / 19,97 € (volume: 7438)
  • 🟩 75 minutes in: $22.92 / 19,98 € (volume: 6884)
  • 🟥 70 minutes in: $22.86 / 19,92 € (volume: 5765)
  • 🟥 65 minutes in: $22.89 / 19,95 € (volume: 5485)
  • 🟥 60 minutes in: $22.94 / 20,00 € (volume: 5439)
  • 🟩 55 minutes in: $22.95 / 20,00 € (volume: 5439)
  • 🟥 50 minutes in: $22.94 / 20,00 € (volume: 5174)
  • 🟩 45 minutes in: $22.94 / 20,00 € (volume: 4441)
  • 🟩 40 minutes in: $22.94 / 19,99 € (volume: 3561)
  • 🟥 35 minutes in: $22.89 / 19,95 € (volume: 2892)
  • 🟩 30 minutes in: $22.90 / 19,96 € (volume: 2586)
  • 🟥 25 minutes in: $22.88 / 19,95 € (volume: 2534)
  • 🟥 20 minutes in: $22.97 / 20,02 € (volume: 1926)
  • 🟩 15 minutes in: $22.98 / 20,03 € (volume: 1900)
  • 🟩 10 minutes in: $22.98 / 20,03 € (volume: 1570)
  • 🟩 5 minutes in: $22.96 / 20,02 € (volume: 1067)
  • 🟩 0 minutes in: $22.91 / 19,97 € (volume: 864)

Link to previous Diamantenhände post

FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1472. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check Lang & Schwarz or TradeGate

Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!

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The original was posted on /r/Superstonk by /u/DDanny808 on 2025-06-24 01:18:03+00:00.


I was wondering if someone could confirm that marajuanamiller, the 🦍with the most amazing fortitude I’ve ever seen in an individual who’s been running for 800 days or so is the correct ape? I haven’t seen his post for awhile and can’t find his name when I search. I’m just making sure our 🦍friend is fine and doing well, it’s out of character for him. Thanks in advance for any help, much appreciated everyone! PowertothePlayers❤️🖤🏴‍☠️

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The original was posted on /r/Superstonk by /u/Geoclasm on 2025-06-24 02:24:50+00:00.

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The original was posted on /r/Superstonk by /u/tomfulleree on 2025-06-24 01:29:33+00:00.

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The original was posted on /r/Superstonk by /u/areHorus on 2025-06-23 22:39:17+00:00.

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The original was posted on /r/Superstonk by /u/ShainDE on 2025-06-23 21:50:14+00:00.

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The original was posted on /r/Superstonk by /u/zafferous on 2025-06-23 17:14:28+00:00.


On the last 3 major dips, I've just bought shares through Fidelity since I can buy instantly with cash from my bank account, versus ComputerShare taking several days. The first and second time I called Fidelity, they were quick and understanding in getting my shares processed over to ComputerShare.

Bought another 225 shares during this most recent offering, and boy are they "struggling" to get my shares transferred 😂 also, it's so funny, every time I call and tell the voice prompt "Direct Register", it goes "Setting up a new account? Here's how I can help!"

Like... no lol, that's not what I'm trying to do.

Been on hold for 45minutes now and counting...

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The original was posted on /r/Superstonk by /u/Ihopeiremeberthis on 2025-06-23 16:56:15+00:00.

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The original was posted on /r/Superstonk by /u/TheWhyteMaN on 2025-06-23 16:51:46+00:00.

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