GameStop Corp.GME

GameStop Corp. Goodwill & Intangibles Disclosure

10-KFiled Mar 24, 20262 min read
Intangible Assets
The following table presents the gross carrying amount and accumulated amortization of our intangible assets:
January 31, 2026February 1, 2025
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Intangible assets with indefinite lives:
Trade name (1)
— — — 5.1 — 5.1 
Intangible assets with finite lives:
Leasehold rights(1)
— — — 61.4 (60.7)0.7 
Other (2)
— — — 21.3 (21.3)— 
Total$— $— $— $87.8 $(82.0)$5.8 
_________________
(1) Trade name and Leasehold rights (key money) reclassified as held for sale that relate to our French disposal group are excluded from the table above and presented within Other Non Current Assets within Assets Held for Sale in our Consolidated Balance Sheets as of January 31, 2026.
(2) Other intangible assets relating to a portfolio of product designs that were created by Geeknet as part of an acquisition have been fully amortized, are no longer utilized by the Company, and have been removed from the Company's books and the table above as of January 31, 2026.
Indefinite-lived Intangible Assets
Trade Name
Our trade name relates to Micromania SAS (“Micromania”), our retail operations business in France, which we acquired in 2008. There were no impairment charges recognized during fiscal 2025, 2024 and 2023 related to the trade name. The trade name has been reclassified and presented as Liabilities Held for Sale in our Consolidated Balance Sheets and excluded from the table above as of January 31, 2026.
Finite-lived Intangible Assets
Leasehold rights, the majority of which were recorded as a result of the purchase of Micromania in 2008, represent the value of rights of tenancy under commercial property leases for properties located in France. Rights pertaining to individual leases can be sold by us to a new tenant or recovered by us from the landlord if the exercise of the automatic right of renewal is refused. Leasehold rights are amortized on a straight-line basis over the expected lease term, not to exceed 20 years, with no residual value. Leasehold rights has been reclassified and presented as Assets Held for Sale in our Consolidated Balance Sheets and excluded from the table above as of January 31, 2026.
As of January 31, 2026, the total weighted-average amortization period for our finite-lived intangible assets was approximately 7 years. The intangible assets are being amortized based upon the pattern in which the economic benefits of the intangible assets are being utilized, with no expected residual value.
Intangible asset amortization expense during fiscal 2025, 2024 and 2023 was $0.1 million, $0.5 million and $0.9 million, respectively.

Historical Timeline

Fiscal YearFiled
2026Mar 24, 2026Showing above
2025Mar 25, 2025
2024Mar 26, 2024
2023Mar 28, 2023
2022Mar 17, 2022
2021Mar 23, 2021
2020Mar 27, 2020
2019Apr 2, 2019
2018Apr 2, 2018
2017Mar 27, 2017
2016Mar 28, 2016

About Goodwill & Intangibles Disclosures

Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.

Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.

Other Available Disclosures

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