TAKE TWO INTERACTIVE SOFTWARE INC

Listed Company

TTWOCIK 0000946581NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Mar 31

Period

FY 2026

Revenue

$6.66B

Net Income

$-298.20M

Total Assets

$9.38B

Equity

$3.51B

Shares Out

185.67M

Op. Cash Flow

$624.30M

Business

TAKE TWO INTERACTIVE SOFTWARE INC develops, publishes, and markets interactive entertainment for consoles, PCs, and mobile devices. It offers internally developed and third-party software titles, live services, in-game virtual items, advertising, downloadable content, and membership programs. The company operates primarily through its Rockstar Games, 2K, and Zynga labels, each focused on distinct genres and business models including premium franchises, sports simulations, and free-to-play mobile games. TAKE TWO distributes products globally via digital storefronts, physical retail, platform partners, third-party distributors, and direct-to-consumer channels.

Summary from filing dated 2025-05-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Total net revenue	6,656	5,634	5,350
Cost of revenue	2,847	2,571	3,108
Gross profit	3,810	3,062	2,242
Selling and marketing	1,771	1,684	1,550
Research and development	1,075	1,005	948
General and administrative	874	883	716
Depreciation and amortization	199	229	171
Goodwill impairment	0	3,545	2,342
Business reorganization	−4	107	105
Total operating expenses	3,914	7,453	5,832
Income (loss) from operations	−104	−4,391	−3,591
Interest and other, net	−94	−100	−112
Loss before income taxes	−198	−4,491	−3,703
Provision for (benefit from) income taxes	100	−12	41
Net loss	−298	−4,479	−3,744
Loss per share:	—	—	—
Basic loss per share (in dollars per share)	−1.62	−25.58	−22.01
Diluted loss per share (in dollars per share)	−1.62	−25.58	−22.01

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31
ASSETS	—	—
Current assets:	—	—
Cash and cash equivalents	1,546	1,456
Short-term investments	444	9
Restricted cash and cash equivalents	13	15
Accounts receivable, net of allowances of $0.9 and $1.6 at March 31, 2026 and 2025, respectively	737	771
Software development costs and licenses	69	81
Contract assets	90	81
Prepaid expenses and other	302	403
Total current assets	3,200	2,816
Fixed assets, net	445	444
Right-of-use assets	335	326
Software development costs and licenses, net of current portion	2,278	1,893
Goodwill	1,062	1,057
Other intangibles, net	1,653	2,336
Long-term restricted cash and cash equivalents	79	88
Other assets	332	221
Total assets	9,383	9,181
LIABILITIES AND STOCKHOLDERS' EQUITY	—	—
Current liabilities:	—	—
Accounts payable	211	195
Accrued expenses and other current liabilities	1,118	1,128
Deferred revenue	1,160	1,084
Lease liabilities	70	62
Short-term debt, net	30	1,149
Total current liabilities	2,589	3,616
Long-term debt, net	2,488	2,513
Non-current deferred revenue	30	25
Non-current lease liabilities	370	383
Non-current software development royalties	85	94
Deferred tax liabilities, net	182	260
Other long-term liabilities	129	153
Total liabilities	5,872	7,043
Commitments and contingencies (See Note 14)	—	—
Stockholders' equity:	—	—
Preferred stock, $0.01 par value, 5.0 shares authorized: no shares issued and outstanding at March 31, 2026 and 2025	0	0
Common stock, $0.01 par value, 300000000 and 300.0 shares authorized; 209100000 and 200.8 shares issued and 185400000 and 177100000 outstanding at March 31, 2026 and 2025, respectively	2	2
Additional paid-in capital	11,954	10,312
Treasury stock, at cost; 23700000 and 23.7 common shares at March 31, 2026 and 2025, respectively	1,021	1,021
Accumulated deficit	−7,357	−7,059
Accumulated other comprehensive loss	−67	−97
Total stockholders' equity	3,511	2,138
Total liabilities and stockholders' equity	9,383	9,181

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Operating activities:	—	—	—
Net loss	−298	−4,479	−3,744
Adjustments to reconcile net (loss) income to net cash provided by operating activities:	—	—	—
Amortization and impairment of software development costs and licenses	413	334	293
Stock-based compensation	305	324	336
Noncash lease expense	56	60	61
Amortization and impairment of intangibles	726	923	1,419
Depreciation	166	154	136
Goodwill impairment	0	3,545	2,342
Interest expense	151	167	141
Deferred income taxes	−78	−140	150
Fair value adjustments	−13	−7	−9
Other, net	−21	−25	−31
Changes in assets and liabilities, net of effect from purchases of businesses:	—	—	—
Accounts receivable	−35	105	−84
Software development costs and licenses	689	692	603
Prepaid expenses, other current and other non-current assets	67	−12	155
Deferred revenue	79	7	−12
Accounts payable, accrued expenses and other liabilities	−365	−466	−201
Net cash provided by (used in) operating activities	624	−45	−16
Investing activities:	—	—	—
Change in bank time deposits	−434	13	20
Sale and maturities of available-for-sale securities	0	0	147
Purchases of fixed assets	163	169	142
Divestitures	0	33	0
Purchases of long-term investments	22	21	19
Business acquisitions	3	−7	7
Asset acquisitions	27	20	27
Other	0	−8	0
Net cash used in investing activities	−649	−152	−28
Financing activities:	—	—	—
Tax payment related to net share settlements on restricted stock awards	3	0	94
Issuance of common stock	1,248	77	39
Payment for settlement of convertible notes	0	8	0
Proceeds from issuance of debt	0	599	1,349
Cost of debt	0	5	10
Repayment of debt	1,150	0	1,340
Payment of contingent earn-out consideration	0	12	36
Net cash provided by (used in) financing activities	95	651	−91
Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash and cash equivalents	9	3	3
Net change in cash, cash equivalents, and restricted cash and cash equivalents	79	457	−133
Cash, cash equivalents, and restricted cash and cash equivalents, end of period	—	—	—
Cash, cash equivalents, and restricted cash and cash equivalents, end of period	—	—	—
Supplemental data:	—	—	—
Interest paid	153	147	137
Income taxes paid	149	144	150

Filings

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