TTWO
Daily closes · 1Y (252 sessions) · +4.5% · range 189.69–262.29
The Businesswhat the company reports
Business & cash flow
| FCF / assets | 4.9% |
|---|---|
| OCF / assets | 6.7% |
| FCF / revenue | 9.4% |
| Gross margin | 57.1% |
| ROIC | -0.5% |
| Forward P/E | 23.6 |
FCF/assets and OCF/assets are the cash-flow measures Brown Bear's own testing found to survive; FCF/revenue is shown alongside for context. Assets are from the latest annual filing (FY2026).
Price vs Earnings growth
Trailing EPS is negative (-1.68), so a growth percentage does not exist — forward EPS of 10.30 implies a swing from loss to profit
Confidence 35.0/100
Drivers
| Trailing price return (1y) | +4.5% |
|---|
Figures
| Trailing EPS | -1.68 |
|---|---|
| Forward EPS | 10.30 |
| Forward P/E | 23.59 |
Revisions
Improving (+3.0%, 10 dates)
Takeaway Low data confidence (limited analyst coverage) — treat this section as informational only.
Reported earnings
Revenue Net income Derived Q4
12 quarters to Q1 26. Revenue and net income share one scale, so the gap between them is the margin. The baseline is zero — bars below it are losses.
| Quarter ending | Revenue | YoY | Net income | EPS (GAAP) | EPS reported | vs consensus | Filed |
|---|---|---|---|---|---|---|---|
| 2026-03-31 (derived) | 1.68bn | +6.1% | -59.50m | — | 0.80 | +39.3% | 2026-05-22 |
| 2025-12-31 | 1.70bn | +24.9% | -92.90m | — | 1.24 | +45.8% | 2026-02-04 |
| 2025-09-30 | 1.77bn | +31.1% | -133.90m | — | 1.47 | +55.4% | 2025-11-07 |
| 2025-06-30 | 1.50bn | +12.4% | -11.90m | — | — | — | 2025-08-07 |
| 2025-03-31 (derived) | 1.58bn | +13.1% | -3.73bn | — | — | — | 2025-05-20 |
| 2024-12-31 | 1.36bn | -0.5% | -125.20m | — | — | — | 2025-02-07 |
| 2024-09-30 | 1.35bn | +4.1% | -365.50m | — | — | — | 2024-11-07 |
| 2024-06-30 | 1.34bn | +4.2% | -262.00m | — | — | — | 2024-08-09 |
| 2024-03-31 (derived) | 1.40bn | — | -2.90bn | -17.07 | — | — | 2024-05-22 |
| 2023-12-31 | 1.37bn | — | -91.60m | — | — | — | 2024-02-09 |
| 2023-09-30 | 1.30bn | — | -543.60m | — | — | — | 2023-11-09 |
| 2023-06-30 | 1.28bn | — | -206.00m | — | — | — | 2023-08-09 |
Earnings response
| Typical move around a filing | ±6.5% |
|---|---|
| On an ordinary two days | ±1.4% — filings move it 4.7× as much |
| Direction | 5 up, 7 down over 12 filings |
Revenue up year on year Revenue down Price move around the filing separate scales — a crossing means nothing
| Quarter ending | Filed | Revenue YoY | Move around filing | Next 20 sessions vs SPY |
|---|---|---|---|---|
| 2025-12-31 | 2026-02-04 | +24.9% | -8.9% | +10.2% |
| 2025-09-30 | 2025-11-07 | +31.1% | -7.3% | +6.0% |
| 2025-06-30 | 2025-08-07 | +12.4% | -4.3% | +12.6% |
| 2024-12-31 | 2025-02-07 | -0.5% | +16.1% | +4.0% |
| 2024-09-30 | 2024-11-07 | +4.1% | +6.8% | +4.5% |
| 2024-06-30 | 2024-08-09 | +4.2% | +6.1% | +2.2% |
| 2023-12-31 | 2024-02-09 | -2.9% | -8.4% | -10.1% |
| 2023-09-30 | 2023-11-09 | -6.8% | +3.1% | -1.7% |
| 2023-06-30 | 2023-08-09 | +16.5% | -1.2% | +3.2% |
| 2022-12-31 | 2023-02-07 | +55.9% | +4.6% | +6.9% |
| 2022-09-30 | 2022-11-08 | +62.4% | -13.2% | +1.2% |
| 2022-06-30 | 2022-08-09 | +35.5% | -1.4% | +2.1% |
Share count
Diluted shares Return since the previous filing
| Direction | Growing — shares issued |
|---|---|
| Diluted shares | 170.1M as at 2024-03-31 |
| Change over 1 year | +24.6% |
| Change over 3 years | +48.0% |
| Public float | $47.09bn as at 2025-09-30 (10-K) |
History before 2015-09-30 is not shown. The share count jumps at that date by a ratio no ordinary issuance produces — a split whose factor is not in Brown Bear's split store — so earlier figures are on a different basis and cannot be compared with today's.
The Pricewhat the chart is doingTop ↑
Price Levels
| Strategy | Current Price Reasonable |
|---|---|
| Reference band | 239.35 — 245.43 |
| Protective stop | 231.83 (Structure, 4.4% risk) |
| Support | 236.02 (3 touches, 3.0% away) |
| Resistance | 248.74 (2.4% away) |
Takeaway The shares are nearer the ceiling than the floor: about 2.4% below 248.74, where sellers have turned up before, and 3.0% above 236.02, where buyers have stepped in before. That floor has held 3 times, which is how it was spotted. If someone bought at today's price and sold if it dropped through the level below, they would be about 4.4% out of pocket. That is all this figure means — an illustration of the risk, not a price to sell at.
Levels are computed from price structure. They describe where the engine locates support and extension — they are not targets, and not advice.
Ichimoku Cloud (Adaptive)
| Daily cloud | Price INSIDE the cloud | periods 6/16/33 (63% of classic 9/26/52) |
|---|---|
| Lines | Tenkan/Kijun BEAR | cloud twist BEAR (fresh down, 6d ago) |
| Cloud thickness | 22% percentile (thin — little structure to fight through) |
| Chikou span | Above price from 26 periods ago |
| Weekly cloud | Price ABOVE the weekly cloud (context only, not scored) |
Takeaway The stock is trading inside its cloud — a shaded band drawn from several of its own moving averages, currently 242.35 to 247.07. Inside the band those averages disagree with each other, so the indicator is not saying much either way. Its shorter-term averages agree with that.
Trailing returns
| 21 days | +2.5% |
|---|---|
| 63 days | +7.5% |
| 126 days | +15.3% |
| 252 days | +9.1% |
| Below 252d high | 7.4% |
Trend context
| Position | Above trend |
|---|---|
| Extension | Extended |
| Trend slope | Flat |
| Direction of travel | Holding its deviation |
Takeaway The share price is above the level its own longer-run trend suggests is fair, and that fair level is going sideways. The gap between the two has been fairly steady. Being stretched this far above trend measures how much room there is to fall back — it does not say the stock will stop rising.
Volatility
| State | In a squeeze |
|---|---|
| Current band width | 11.1% of price |
| Recent tightest | 8.9% (5 sessions ago, narrower than 99.0% of its history) |
| Expansion since | 1.24× |
| Band | 227.72 — 254.41 |
Takeaway Lately this share price has been swinging around inside a range roughly 11% wide, and it recently went unusually quiet — calmer than it has been 99% of the time. When a stock goes quiet like this, its next move tends to look big by comparison. But quiet says nothing about which way it will go: Brown Bear tested calm-before-a-move as a reason to buy, and it did not work.
Historical trends
History begins when the site started recording, not when the company listed, so a short line means a short record and nothing more.
Who's Tradingthe flow behind the priceTop ↑
Insider activity
| Activity | No filings in the window |
|---|---|
| Buy filings | 0 |
| Sell filings | 0 |
Open-market Form 4 purchases and sales over the last 75 days, read from SEC EDGAR Form 4. Grants, option exercises, gifts and shares withheld for tax are excluded — they are compensation mechanics, not a decision to buy or sell. Reported Form 4 activity. Brown Bear tested insider cluster-buying as a return signal and rejected it as era-unstable; shown as fact, not signal.
Volume confirmation
| Volume-price trend | Above its signal line |
|---|---|
| Confirmation | Strong |
No absorption or distribution event in the recent window.
Takeaway More shares change hands on the days this stock rises than on the days it falls. That is what you would expect to see if the rise is being driven by real buying rather than drifting up on a thin market.
Options Positioning
No binary-event flag
TTWO: no binary-event flag. Near IV 34%, far IV 44% (ratio 0.77), implied move 4.2%.
| Implied volatility | 34% near (9d) · 44% far (100d) |
|---|---|
| Term structure | 0.77× near/far |
| Historical volatility | 38% |
| Implied vs historical | 0.88× |
| Implied move | ±4.2% by 2026-08-21 |
| Implied move vs ATR | 0.41× |
| Skew | Put Skew (1.88×) |
| Call wall | 290.00 (+19.3% away) |
| Put wall | 130.00 (-46.5% away) |
| Gamma pin | 290.00 |
Takeaway Insuring against a move in this stock costs less for the next few weeks than for the next few months, which is the normal state of affairs and suggests no particular date is worrying anyone. Options traders are positioned for a move of around 4.2% in either direction by 2026-08-21.
Chain as at 2026-08-12. This is a risk read on whether a specific event is being priced — not a directional view.
Context & Methodthe record, and how it was builtTop ↑
Relative Rotation
Mixed Rotation Phase
Rotation health 67.0/100; Positive Rotation.
| Rotation health | 67.0 |
|---|---|
| Rotation strength | 55.6 |
| Leg | Quadrant | RS-Ratio | RS-Mom |
|---|---|---|---|
| Stock vs sector | Improving | 91.7 | 115.8 |
| Stock vs SPY | Improving | 90.3 | 118.5 |
| Sector vs SPY | Lagging | 95.6 | 91.2 |
Direction of travel: North-East / strengthening leadership
Position only. Brown Bear's RRG redesign programme is closed — five constructions, none beat an appropriate null — so this section describes where the name sits, and is not a signal.
News Headlines
- Loading headlines\u2026
Headlines are supplied by third-party feeds and are not written, ranked or interpreted by Brown Bear. They feed no score on this page.
Detailed Scoring
Positive signals
- Piotroski F-score 5/9 (+5.0)
- Altman Z-score 5.90 (+5.0)
- Insider conviction score (+5.0)
- Gross margin quality: 57.1% (+3.7)
- FCF margin quality: 9.4% (+2.8)
- ROIC improving by 77.0 pts (+3.0)
- FCF margin improving by 10.2 pts (+2.0)
- High earnings quality (accrual ratio -0.098) (+2.0)
- Track 2: MACD histogram state (0.36) (+5.0)
- Track 2: MACD line/signal trend quality (+18.0)
- Track 2: positive MACD trend regime (+10.0)
- Track 2: MACD slope expanding (+2.0)
- Track 2: relative strength trend improving (+10.0)
- Track 2: bullish DI spread 2.8 (+3.0)
- Track 2: price above EMA20 by 0.1% (+0.1)
- Track 2: EMA20 slope expanding 0.8% (+2.1)
- Track 2: MACD histogram acceleration 1.05 (+8.0)
- Track 2: RSI trend quality 59.0, 5-day change +13.6 (+10.9)
- Track 2: VPT strength 1.22 (+12.0)
- Track 2: price above EMA50 by 2.2% (+1.8)
- Track 2: EMA50 slope improving 1.3% (+3.1)
- Track 2: constructive pullback within uptrend (+10)
- Track 2: Bollinger position 0.57 (+4.6)
Negative signals
- Track 2: weak volume for momentum setup (0.85x average)
- Track 2: negative 20-day momentum acceleration (-0.13)
- Track 2: weak/falling ADX (13.3, falling)
- Weak relative momentum rank (0.47)
Chase risk is not elevated for this name, so extension penalties are omitted from the negative signals above.