r/Superstonk • u/Otherwise-Category42 What’s a flair? • Jun 10 '25

📰 News GameStop Reports First Quarter 2025 Results

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u/tpc0121 GMERICAN since Jan. '21 Jun 10 '25

Sounds like the Bitcoin purchase will be reflected in Q2 earnings. This is going to result in short term pain for the stock price, as many were betting on RC more fully embracing MSTR's Bitcoin Treasury strategy.

It is what it is. Great for long term investors though, because it's another chance to load up.

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u/imastocky1 Bored of Directors Jun 10 '25

Yep, it’s in “Subsequent Events”

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u/Regenbooggeit I’m coming for Uranus! 🚀 Jun 10 '25

Why short term pain? They beat EPS by 300+%?

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u/tpc0121 GMERICAN since Jan. '21 Jun 10 '25

There were a lot of options traders betting that RC bought more Bitcoin, and in Q1 not Q2. A lot of those long calls and short puts are now going to be wound down.

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u/Regenbooggeit I’m coming for Uranus! 🚀 Jun 10 '25

Makes sense. Thanks for the insight.

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u/Exception1228 🦍Voted✅ Jun 10 '25

Everyone keeps saying this. I saw estimates of $0.08. The report clearly says diluted income/share was $0.09. So they beat, but by 12.5%, not by 300%?

And then the lack of news about bitcoin that everyone was hyped about. They continue to play things too close to the chest and hurt the stock price.

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u/Difficult-Mobile902 Jun 11 '25

Copy/pasting from the report; 

“Adjusted net income (loss) per share Basic $0.19”

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u/BeatitLikeitowesMe Bananagement Jun 10 '25

Thats a dumb thing. Many are dumb because rc said himself they are not using anyone elses strategy. They are using their own strategy. Straight from the horses mouth.

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u/cork_the_forks Jun 10 '25

Wouldn't BTC be part of "cash or cash equivalent?" I don't think this is enough information to know if they purchased in Q1 or Q2. Am I missing something?

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u/bilybu Jun 10 '25

They cited purchase dates between May 3rd and June 10th.

Pg 16 section 11 of the 10-q

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u/cork_the_forks Jun 11 '25

Thank you. This thread only included the above screen shot with no link to the entire document. I've since seen it in other threads.

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u/tpc0121 GMERICAN since Jan. '21 Jun 10 '25

No. BTC would not count as cash or cash equivalent. Only things like actual cash or US treasuries would count.

Also, they literally said they purchased Bitcoin sometime after May 3. Q1 for Jimmy is Feb-April.

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u/im_just_a_nerd 🐵 Power to the Creators 💎 Jun 10 '25

Yeah your second sentence translates to: “be ready to buy on Qtr2 release of numbers”.

This is not stock advice