Forensic Analysis · Technology / Software · as of Aug 11, 2026
Take Two Interactive Software Inc (TTWO)
A forensic read on Take Two Interactive Software Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
6.1
Distress distance
Clean
Earnings quality
5
Forensic signals
-140.8
P / E (ttm)
-8.5%
ROE
$46.7B
Market cap
0.00%
Dividend yield
18.2%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Take Two Interactive Software Inc earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 6.1, placing it in the Safe zone. 5 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-1.6%
FY2026
Return on invested capital.Return on invested capital is -1.6% in the latest fiscal year and rising from -7% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
+13.7%/yr
FY2021–FY2024
Share-count dilution.Diluted share count changed +47% over the last 3 years to FY2024 (+13.7%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~13.7% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2021 has been diluted ~32%.
stopped
FY2022→FY2024
Shareholder returns — halted.Capital returns have STOPPED — $200M of buybacks + dividends in FY2022, but ~$0 in FY2024. A halt usually means the company is conserving cash.
5% of rev
FY2026
Stock-based comp load.Stock-based compensation ran 5% of revenue and 66% of free cash flow in FY2026. The cost of it is not in the cash flow — no cash left the business — it is in the count, and there it has run at about 14.7% a year and is falling.
$5.9B
FY2024–FY2025
Goodwill impairments.Took $5.9B of goodwill writedowns across 2 years (FY2024 ($2.3B), FY2025 ($3.5B)). Writedowns mean past acquisitions underperformed what was paid for them.
Key fundamentals
Latest Revenue$6.66B
Revenue Growth YoY+18.2%
Revenue CAGR (3yr)+7.6%
Net Margin-4.5%
Free Cash Flow$461.5M
Return on Equity-8.5%
Debt / Equity0.72x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Take Two Interactive Software Inc's actual 10-K/10-Q/8-K filings?