A Business at a Glance
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TAKE TWO INTERACTIVE SOFTWARE INC
TTWO
$42.6B
Mkt Cap
$231.65
+0.61%
TAKE TWO INTERACTIVE SOFTWARE INC (TTWO) has a 5-year average return on invested capital (ROIC) of -19.9%. This is below average and may indicate limited pricing power.
TAKE TWO INTERACTIVE SOFTWARE INC (TTWO) has a market capitalization of $42.6B. It is classified as a large-cap stock.
TAKE TWO INTERACTIVE SOFTWARE INC (TTWO) does not currently pay a regular dividend.
TAKE TWO INTERACTIVE SOFTWARE INC (TTWO) operates in the Services-Prepackaged Software industry, within the Technology sector.
TAKE TWO INTERACTIVE SOFTWARE INC (TTWO) reported annual revenue of $6.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
TAKE TWO INTERACTIVE SOFTWARE INC (TTWO) has a net profit margin of -4.5%. The company is currently unprofitable.
TAKE TWO INTERACTIVE SOFTWARE INC (TTWO) generated $462 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Take-Two Interactive is a leading developer, publisher, and marketer of interactive entertainment operating through three primary labels: Rockstar Games, 2K, and Zynga. The company develops and publishes games across console systems (PlayStation, Xbox, Nintendo Switch), PC, and mobile platforms, delivering content through physical retail, digital download, online platforms, and cloud streaming services. Rockstar Games focuses on a limited number of high-quality, long-lived franchises including Grand Theft Auto, Red Dead Redemption, and Max Payne, generating substantial incremental revenue through virtual currency, add-on content, and in-game purchases; 2K publishes diverse genres including shooters, action, role-playing, strategy, and sports titles such as NBA 2K, WWE 2K, and Civilization; Zynga operates a portfolio of free-to-play mobile games generating revenue from in-game sales and advertising. The company's business model emphasizes recurrent consumer spending through post-launch content, live services, and engagement-driven monetization, with internally owned intellectual property forming the foundation of its competitive moat. Take-Two maintains a global development footprint with 10,096 research and development employees across multiple countries and employs a disciplined product investment review process to optimize profitability and competitiveness of its titles.
【Grand Theft Auto VI launch driving growth】 Fiscal 2027 is positioned as a breakout year for Take-Two, led by the November 19, 2026 release of Grand Theft Auto VI, which management describes as arguably the most anticipated entertainment property of all time. The company expects to sustain higher levels of scale and generate strong cash flows well into the future through the release of its robust long-term development pipeline and capitalization on new opportunities across its established business. Management remains confident in the resilience of its core franchises, noting that titles like Grand Theft Auto V have proven vastly more resilient than expected despite being in market for three console generations, and expects to establish a new financial baseline for the company going forward with enhanced profitability. The company plans to deploy measured creative risks, pursue accretive M&A opportunities, and invest in technology to unlock greater creative capabilities and operational efficiencies.
| Metric | Target | Period |
|---|---|---|
| Net Bookings | $8.0 billion–$8.2 billion | Fiscal 2027 |
| Operating cash flow | in excess of $1 billion | Fiscal 2027 |
| GAAP net revenue | $7.9 billion–$8.1 billion | Fiscal 2027 |
| Cost of revenue | $3.5 billion–$3.62 billion | Fiscal 2027 |
| Total operating expenses | $4.18 billion–$4.2 billion | Fiscal 2027 |
| Capital expenditures | approximately $200 million | Fiscal 2027 |
| Net Bookings (Q1 FY2027) | $1.32 billion–$1.37 billion | Q1 Fiscal 2027 |
| GAAP net revenue (Q1 FY2027) | $1.45 billion–$1.5 billion | Q1 Fiscal 2027 |
| Cost of revenue (Q1 FY2027) | $578 million–$594 million | Q1 Fiscal 2027 |
| Operating expenses (Q1 FY2027) | $926 million–$936 million | Q1 Fiscal 2027 |
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q2 FY2027 Earnings Call, Q1 FY2027 Earnings Call, Q4 FY2026 Earnings Call, Q3 FY2026 Earnings Call
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 6.7B | 6.7B | 5.6B | 5.3B | 5.3B | 3.5B |
| Net Income | -298M | -298M | -4.5B | -3.7B | -1.1B | 418M |
| EPS | $-1.62 | $-1.62 | $-25.58 | $-22.01 | $-7.03 | $3.58 |
| Free Cash Flow | 462M | 462M | -215M | -158M | -203M | 99M |
| ROIC | -1.8% | -5.6% | -67.0% | -38.4% | -15.4% | 26.9% |
| Gross Margin | 57.2% | 57.2% | 54.4% | 41.9% | 42.7% | 56.2% |
| Debt/Equity | 0.72 | 0.72 | 1.71 | 0.54 | 0.34 | 0.00 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -104M | -104M | -4.4B | -3.6B | -1.2B | 474M |
| Operating Margin | -1.6% | -1.6% | -77.9% | -67.1% | -21.8% | 13.5% |
| ROE | -8.5% | -10.6% | -114.8% | -50.9% | -17.5% | 11.7% |
| Shares Outstanding | 184M | 184M | 175M | 170M | 160M | 117M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.1B | 1.4B | 1.8B | 1.8B | 2.7B | 3.1B | 3.4B | 3.5B | 5.3B | 5.3B | 5.6B | 6.7B | 6.7B |
| Gross Margin | 26.6% | 42.4% | 42.5% | 49.9% | 42.9% | 50.1% | 54.5% | 56.2% | 42.7% | 41.9% | 54.4% | 57.2% | 57.2% |
| R&D | 115M | 120M | 138M | 196M | 230M | 296M | 317M | 407M | 888M | 948M | 1.0B | 1.1B | 1.1B |
| SG&A | 175M | 192M | 211M | 248M | 281M | 318M | 390M | 511M | 840M | 716M | 883M | 874M | 874M |
| EBIT | -258M | -11M | 91M | 136M | 207M | 425M | 629M | 474M | -1.2B | -3.6B | -4.4B | -104M | -104M |
| Op. Margin | -23.9% | -0.8% | 5.1% | 7.6% | 7.7% | 13.8% | 18.7% | 13.5% | -21.8% | -67.1% | -77.9% | -1.6% | -1.6% |
| Net Income | -279M | -8.3M | 66M | 173M | 334M | 404M | 589M | 418M | -1.1B | -3.7B | -4.5B | -298M | -298M |
| Net Margin | -25.8% | -0.6% | 3.7% | 9.7% | 12.5% | 13.1% | 17.5% | 11.9% | -21.0% | -70.0% | -79.5% | -4.5% | -4.5% |
| Non-Recurring | 17M | 74M | 1.4M | 15M | 5.0M | -5.3M | 40M | 800K | 15M | 2.4B | 3.7B | 4.4M | 4.4M |
| Returns on Capital | |||||||||||||
| ROIC | -24.4% | -0.8% | 2.5% | 70.4% | 35.7% | 42.8% | 61.4% | 26.9% | -15.4% | -38.4% | -67.0% | -5.6% | -1.8% |
| ROE | -41.0% | -1.5% | 8.3% | 13.9% | 18.9% | 17.7% | 20.1% | 11.7% | -17.5% | -50.9% | -114.8% | -10.6% | -8.5% |
| ROA | -13.9% | -0.3% | 2.3% | 5.0% | 8.4% | 8.8% | 10.7% | 6.6% | -10.0% | -26.7% | -41.9% | -3.2% | -3.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 213M | 261M | 408M | 494M | 844M | 686M | 912M | 258M | 1.1M | -16M | -45M | 624M | 624M |
| Free Cash Flow | 163M | 224M | 387M | 432M | 777M | 632M | 843M | 99M | -203M | -158M | -215M | 462M | 462M |
| Owner Earnings | 127M | 163M | 295M | 333M | 556M | 380M | 746M | 14M | -439M | -523M | -599M | 120M | 120M |
| CapEx | 50M | 37M | 21M | 62M | 67M | 53M | 69M | 159M | 204M | 142M | 169M | 163M | 163M |
| Maint. CapEx | 21M | 29M | 31M | 44M | 40M | 48M | 56M | 61M | 122M | 171M | 229M | 199M | 199M |
| Growth CapEx | 28M | 8.5M | 0 | 18M | 27M | 5.3M | 13M | 97M | 82M | 0 | 0 | 0 | 0 |
| D&A | 21M | 29M | 31M | 44M | 40M | 48M | 56M | 61M | 122M | 171M | 229M | 199M | 199M |
| CapEx/OCF | 23.3% | 14.3% | 6.4% | 12.5% | 7.9% | 7.8% | 7.6% | 61.5% | 18563.6% | N/A | N/A | N/A | 26.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 27M | 0 | 155M | 362M | 0 | 0 | 200M | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | 0.9% | N/A | 1.4% | 3.3% | N/A | N/A | 1.1% | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 65M | 70M | 82M | 116M | 248M | 258M | 111M | 183M | 318M | 336M | 324M | 305M | 305M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.2B | 1.3B | 0 | 1.1B | 1.1B |
| Balance Sheet | |||||||||||||
| Net Debt | -625M | -772M | -1.1B | -1.4B | -1.6B | N/A | N/A | -2.6B | 2.1B | 2.3B | 2.2B | 529M | 972M |
| Cash & Equiv. | 911M | 799M | 943M | 809M | 827M | 1.4B | 1.4B | 1.7B | 827M | 754M | 1.5B | 1.5B | 1.5B |
| Long-Term Debt | 473M | 498M | 252M | 8.1M | 0 | N/A | N/A | 0 | 1.7B | 3.1B | 2.5B | 2.5B | 2.5B |
| Debt/Equity | 0.84 | 0.86 | 0.25 | 0.01 | 0.00 | 0.95 | 0.81 | 0.00 | 0.34 | 0.54 | 1.71 | 0.72 | 0.72 |
| Interest Coverage | -335.2 | -9.9 | 104.1 | 57.4 | 890.8 | 5989.7 | 242.1 | 249.3 | -10.7 | -27.2 | -28.0 | -0.7 | -0.7 |
| Equity | 563M | 581M | 1.0B | 1.5B | 2.0B | 2.5B | 3.3B | 3.8B | 9.0B | 5.7B | 2.1B | 3.5B | 3.5B |
| Total Assets | 2.2B | 2.6B | 3.1B | 3.7B | 4.2B | 4.9B | 6.0B | 6.5B | 15.9B | 12.2B | 9.2B | 9.4B | 9.4B |
| Total Liabilities | 1.7B | 2.0B | 2.1B | 2.2B | 2.2B | 2.4B | 2.7B | 2.7B | 6.8B | 6.5B | 7.0B | 5.9B | 5.9B |
| Intangibles | 4.8M | 4.6M | 95M | 98M | 73M | 51M | 122M | 267M | 4.5B | 3.1B | 2.3B | 1.7B | 1.7B |
| Retained Earnings | -159M | -167M | -100M | 74M | 878M | 1.3B | 1.9B | 2.3B | 1.2B | -2.6B | -7.1B | -7.4B | -7.4B |
| Working Capital | 814M | 825M | 509M | 682M | 876M | 1.5B | 2.0B | 1.8B | -1.3B | -147M | -800M | 611M | 611M |
| Current Assets | 1.8B | 2.0B | 2.2B | 2.4B | 2.8B | 3.5B | 4.2B | 3.9B | 2.5B | 2.3B | 2.8B | 3.2B | 3.2B |
| Current Liabilities | 966M | 1.2B | 1.7B | 1.7B | 2.0B | 2.0B | 2.2B | 2.1B | 3.9B | 2.4B | 3.6B | 2.6B | 2.6B |
| Per Share Data | |||||||||||||
| EPS | -3.48 | -0.10 | 0.72 | 1.54 | 2.90 | 3.54 | 5.09 | 3.58 | -7.03 | -22.01 | -25.58 | -1.62 | -1.62 |
| Owner EPS | 1.58 | 1.96 | 3.22 | 2.96 | 4.83 | 3.32 | 6.45 | 0.12 | -2.74 | -3.07 | -3.42 | 0.65 | 0.65 |
| Book Value | 7.01 | 7.00 | 10.95 | 13.23 | 17.73 | 22.22 | 28.80 | 32.63 | 56.52 | 33.32 | 12.21 | 19.07 | 19.07 |
| Cash Flow/Share | 2.65 | 3.15 | 4.45 | 4.38 | 7.33 | 6.00 | 7.89 | 2.21 | 0.01 | -0.09 | -0.26 | 3.39 | -0.54 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 80.3M | 83.0M | 91.7M | 112.6M | 115.1M | 114.3M | 115.7M | 116.8M | 160.0M | 170.1M | 175.1M | 184.1M | 184.1M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | 81.7 | 63.3 | 33.3 | 31.6 | 34.2 | 43.7 | N/A | N/A | N/A | N/A | -143.0 |
| P/FCF | 12.4 | 13.1 | 13.9 | 25.4 | 14.3 | 20.2 | 23.9 | 183.8 | N/A | N/A | N/A | N/A | 92.4 |
| EV/EBIT | N/A | N/A | 47.7 | 70.6 | 46.1 | 25.7 | 28.0 | 33.7 | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 3.6 | 5.1 | 5.5 | 7.4 | 5.4 | 5.0 | 6.1 | 4.8 | 2.0 | 4.5 | 17.2 | N/A | 12.1 |
| Price/Sales | 1.8 | 1.8 | 2.4 | 5.9 | 4.8 | 4.3 | 5.6 | 5.6 | 3.5 | 4.6 | 5.2 | N/A | 6.4 |
| FCF Yield | 8.1% | 7.6% | 7.0% | 3.9% | 7.0% | 5.0% | 4.2% | 0.5% | -1.1% | -0.6% | -0.6% | N/A | 1.1% |
| Market Cap | 2.0B | 2.9B | 5.5B | 11.0B | 11.1B | 12.8B | 20.2B | 18.3B | 18.5B | 25.3B | 36.9B | 0 | 42.6B |
| Avg. Price | 23.92 | 30.94 | 45.13 | 94.08 | 112.19 | 116.85 | 163.70 | 168.71 | 118.45 | 144.43 | 168.51 | 0.00 | 231.65 |
| Year-End Price | 25.26 | 35.40 | 58.81 | 97.46 | 96.49 | 111.70 | 174.29 | 156.50 | 115.55 | 148.49 | 210.47 | 0.00 | 231.65 |
TAKE TWO INTERACTIVE SOFTWARE INC passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 50.5%. At current prices, the estimated annualized return to fair value is -38.1%.
TAKE TWO INTERACTIVE SOFTWARE INC (TTWO) has a debt-to-equity ratio of 0.72. This indicates moderate leverage.
TAKE TWO INTERACTIVE SOFTWARE INC (TTWO) reported earnings per share (EPS) of $-1.62 in its most recent fiscal year.
TAKE TWO INTERACTIVE SOFTWARE INC (TTWO) has a return on equity (ROE) of -10.6%. A negative ROE may indicate losses or negative equity.
TAKE TWO INTERACTIVE SOFTWARE INC (TTWO) has a 5-year average gross margin of 50.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for TAKE TWO INTERACTIVE SOFTWARE INC (TTWO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TAKE TWO INTERACTIVE SOFTWARE INC (TTWO) has a book value per share of $19.07, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Fiscal 2027 is positioned as a breakout year for Take-Two, led by the November 19, 2026 release of Grand Theft Auto VI, which management describes as arguably the most anticipated entertainment property of all time. The company expects to sustain higher levels of scale and generate strong cash flows well into the future through the release of its robust long-term development pipeline and capitalization on new opportunities across its established business. Management remains confident in the resilience of its core franchises, noting that titles like Grand Theft Auto V have proven vastly more resilient than expected despite being in market for three console generations, and expects to establish a new financial baseline for the company going forward with enhanced profitability. The company plans to deploy measured creative risks, pursue accretive M&A opportunities, and invest in technology to unlock greater creative capabilities and operational efficiencies.
Based on recent SEC filings and earnings calls, TAKE TWO INTERACTIVE SOFTWARE INC (TTWO) has provided the following forward guidance: Net Bookings: $8.0 billion–$8.2 billion (Fiscal 2027); Operating cash flow: in excess of $1 billion (Fiscal 2027); GAAP net revenue: $7.9 billion–$8.1 billion (Fiscal 2027); Cost of revenue: $3.5 billion–$3.62 billion (Fiscal 2027); Total operating expenses: $4.18 billion–$4.2 billion (Fiscal 2027), plus 5 additional metrics.
Net Bookings (Fiscal 2027): “Our initial financial outlook for Fiscal 2027 includes record Net Bookings of $8 billion-$8.2 billion.”
Operating cash flow (Fiscal 2027): “We are forecasting operating cash flow in excess of $1 billion”
GAAP net revenue (Fiscal 2027): “We expect GAAP net revenue to range from $7.9 billion - $8.1 billion”
Cost of revenue (Fiscal 2027): “cost of revenue to range from $3.5 billion - $3.62 billion”
Total operating expenses (Fiscal 2027): “Our total operating expenses are expected to range from $4.18 billion - $4.2 billion”
Capital expenditures (Fiscal 2027): “We plan to deploy approximately $200 million of capital expenditures for game technology and office buildouts.”
Net Bookings (Q1 FY2027) (Q1 Fiscal 2027): “We project Net Bookings to range from $1.32 billion-$1.37 billion”
GAAP net revenue (Q1 FY2027) (Q1 Fiscal 2027): “We expect GAAP net revenue to range from $1.45 billion-$1.5 billion”