GameStop CEO Ryan Cohen Eyes "Transformational" Acquisition to Propel GME Toward $100B Market Cap

GameStop (GME) CEO Ryan Cohen is pursuing a “very, very, very big” acquisition of an undervalued public consumer company, which he claims could be “transformational” for both GameStop and capital markets. Speaking to CNBC, Cohen suggested the deal could elevate GameStop’s market value to several hundred billion dollars—up from its current $10.7 billion market cap as of February 2, 2026. Cohen, who took over in 2023, has already cut costs, eliminated long-term debt, and built $8.8 billion in cash reserves. GameStop reported Q3 2025 net income of $77.1 million, up from $17.4 million a year earlier, despite revenue falling to $821 million from $860.3 million. The company trades at a forward P/E of 24x. Cohen stands to receive 171.5 million stock options if GameStop hits a $100 billion market cap and $10 billion in cumulative EBITDA. No analysts currently cover the stock.