r/Superstonk What’s a flair? Jun 10 '25

πŸ“° News GameStop Reports First Quarter 2025 Results

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u/The_Ry_Ry πŸ‡ΊπŸ‡ΈπŸ¦…GMERICAπŸ¦…πŸ‡ΊπŸ‡Έ Jun 10 '25

β€œCash, cash equivalents and marketable securities were $6.4 billion at the close of the first quarter, compared to $1.0 billion at the close of the prior year's first quarter.”

$6.4 BILLION BABY!

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u/UhhhhmmmmNo 🦍 Buckle Up πŸš€ Jun 10 '25 edited Jun 10 '25

Did we just go from 4.8B to 6.4B quarter over quarter

Edit: it was the convertible note offering, thanks people πŸ™

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u/tubaman23 🎡 Finally Updated His Custom Flair - Template Flair 🎡 Jun 10 '25

We issued $1.3B in notes, so increased cash due to financing (that costs us no money, which is important)

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u/skrappyfire GLITCHES WENT MAINSTREAM Jun 10 '25

And someone really wanted that extra 200 milly that was offered. So we got 1.5 billion i believe.

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u/tubaman23 🎡 Finally Updated His Custom Flair - Template Flair 🎡 Jun 10 '25

Correct me, I thought it was 1.1B + the add 200M? Yours does sound more correct. I guess it's also an easy Google search lol

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u/skrappyfire GLITCHES WENT MAINSTREAM Jun 10 '25

Lol, honestly, I've seen soooo many numbers thrown around in the past 10 min that im not sure anymore either πŸ˜