Take Two Interactive Software Inc

Company facts

Industry

Services-Prepackaged Software

Headquarters

New York, New York

Most recent report

10-Q, filed Aug 7, 2026

Incorporated

Delaware

Filings on record

1,004+ filings

On EDGAR

CIK 946581

Fiscal year ends

March

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 11 sections worth reading, with 0 positive, 4 notable, and 4 negative flags.

• Financial Statements (Item 1)

  Core financials with widening loss, cash burn, and near-term $600M debt maturity.
  Negative

  • Recorded $43.4M impairment of software development costs due to cancelled projects.

• Management's Discussion (Item 2)

  MD&A with full P&L, cash flows, Net Bookings decline, and margin compression.
  Notable

  • Grand Theft Auto VI pre-orders started June 2026; release set for Nov 19, 2026. Major pipeline event.
  • Net revenue rose barely 2.0% to $1,533.9M, with console up $89.9M but mobile down $39.4M.
  • $29.4M of zero-coupon convertible notes mature Dec 15, 2026. Manageable but a maturity event.
  • FY2027 capex expected at $290.0M, up from $180.0M last year, signaling heavy content investment.
  Negative

  • Net Bookings fell 2.6% to $1,385.9M in Q1 FY2027, led by declines in Grand Theft Auto and Color Block Jam.
  • Gross profit margin dropped to 57.5% from 62.9% due to a prior-year forfeiture reversal that did not recur.
  • Five largest customers made up 82.3% of net revenue in Q1 FY2027, extreme concentration risk.

What changed: Jun 2026 vs. Dec 2025

About 5% of TTWO's Jun 2026 10-Q is new information. 12 paragraphs were added, 133 changed, and 101 removed. Below are the most important lines SECSift identified.

• Item 2 53
• Item 1 41
• Item 3 6
• Item 5 5
• Item 6 4
• Item 4 2
• Item 1A 1