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GameStop (GME) ended Q3 2023 with $1.2095 billion in cash & marketable securities

GameStop's Q3 2023 earnings report revealed the company has a healthy amount of cash on hand.

Bill Lavoy

December 6, 2023 1:55 PM

REUTERS

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GameStop (GME) reported its Q3 2023 earnings on Wednesday, December 6, 2023. While the company did miss revenue estimates, it ended the quarter with $1.2 billion in cash and marketable securities.

In the condensed consolidated balance sheets portion of the earnings report, GameStop revealed that in Q3 2023 it held $909 million in cash and a cash equivalents, plus $300.5 million in marketable securities. This adds up to just over $1.2 billion. By comparison, GameStop held just over $1 billion in cash and cash equivalents plus marketable securities in Q3 2022.

Beyond the specific numbers, GameStop didn’t add much context. The company didn’t release a statement about the results beyond a single sentence in their earnings report, stating, “The Company will not be holding a conference call today. Additional information can be found in the Company’s Form 10-Q.” This does not come as a surprise, as GameStop hasn't held a conference call for its earnings reports in 2023.

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Bill Lavoy

Managing Editor

Bill, who is also known as Rumpo, is a lifelong gamer and Toronto Maple Leafs fan. He made his mark early in his career through guide writing and a deep understanding of editorial SEO. He enjoys putting in the work to create a great content, be it a wild feature or grinding out an in-depth collectible guide. Tweet him @RumpoPlays if you have a question or comment about one of his articles.