NASDAQ : CRSR
Corsair Gaming, Inc. — Financial statements
Technology · Computer Hardware · United States
Last price 12.23 USD (Oct 30, 2026, 2:41 PM EDT) · Market cap 1.32B
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Financial statements
Corsair Gaming, Inc. (CRSR) reported revenue of 1.45B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.45B | 1.47B | 1.32B | 1.46B | 1.38B | 1.90B |
| Cost of Revenue | 1.01B | 1.05B | 984.08M | 1.10B | 1.08B | 1.39B |
| Gross Profit | 443.07M | 426.58M | 332.30M | 360.26M | 296.63M | 513.85M |
| Selling, General & Admin | 348.51M | 354.56M | 307.31M | 285.31M | 284.93M | 315.67M |
| Research & Development | 66.69M | 69.15M | 67.54M | 65.26M | 66.49M | 60.29M |
| Operating Expenses | 415.20M | 423.71M | 374.85M | 350.57M | 351.43M | 375.96M |
| Operating Income | 27.87M | 2.88M | -42.55M | 9.69M | -54.79M | 137.89M |
| Interest Expense | -7.56M | -9.35M | -13.21M | -17.42M | -9.56M | -12.77M |
| Interest & Investment Income | 2.27M | 1.66M | 3.35M | 6.84M | 374.00K | |
| Currency Exchange Gain (Loss) | 877.00K | -4.50M | -4.60M | -2.80M | 1.00M | -5.80M |
| Other Non Operating Income (Expenses) | 546.00K | 546.00K | 175.00K | 213.00K | -787.00K | 139.00K |
| EBT Excluding Unusual Items | 24.00M | -8.77M | -56.84M | -3.48M | -63.77M | 119.46M |
| Merger & Restructuring Charges | -800.00K | -800.00K | -7.40M | |||
| Other Unusual Items | 15.60M | -2.58M | 2.58M | -4.90M | ||
| Pretax Income | 38.80M | -12.15M | -61.66M | -3.48M | -63.77M | 114.56M |
| Income Tax Expense | 937.00K | 2.82M | 21.74M | -2.44M | -9.82M | 13.60M |
| Earnings From Continuing Operations | 37.86M | -14.96M | -83.39M | -1.04M | -53.95M | 100.96M |
| Net Income to Company | 37.86M | -14.96M | -83.39M | -1.04M | -53.95M | 100.96M |
| Minority Interest in Earnings | -1.07M | -1.19M | -1.79M | -1.55M | -442.00K | |
| Net Income | 36.79M | -16.16M | -85.18M | -2.59M | -54.39M | 100.96M |
| Preferred Dividends & Other Adjustments | 3.49M | -3.69M | 13.99M | -5.78M | 6.54M | |
| Net Income to Common | 33.30M | -12.46M | -99.17M | 3.19M | -60.92M | 100.96M |
| Shares Outstanding (Basic) | 106.78M | 106.00M | 104.16M | 102.48M | 96.28M | 93.26M |
| Shares Outstanding (Diluted) | 107.47M | 106.00M | 104.16M | 106.28M | 96.28M | 100.00M |
| EPS (Basic) | 0.31 | -0.12 | -0.95 | 0.03 | -0.63 | 1.08 |
| EPS (Diluted) | 0.31 | -0.12 | -0.95 | 0.03 | -0.63 | 1.01 |
| Free Cash Flow | 89.72M | 34.75M | 26.03M | 76.39M | 40.07M | 9.22M |
| Free Cash Flow Per Share | 0.83 | 0.33 | 0.25 | 0.72 | 0.42 | 0.09 |
| Gross Margin | 30.53% | 28.97% | 25.24% | 24.68% | 21.57% | 26.99% |
| Operating Margin | 1.92% | 0.19% | -3.23% | 0.66% | -3.98% | 7.24% |
| Profit Margin | 2.29% | -0.85% | -7.53% | 0.22% | -4.43% | 5.30% |
| Free Cash Flow Margin | 6.18% | 2.36% | 1.98% | 5.23% | 2.91% | 0.48% |
| EBITDA | 81.52M | 57.07M | 9.34M | 60.39M | -1.27M | 182.99M |
| EBITDA Margin | 5.62% | 3.88% | 0.71% | 4.14% | -0.09% | 9.61% |
| D&A For EBITDA | 53.65M | 54.19M | 51.90M | 50.70M | 53.52M | 45.09M |
| EBIT | 27.87M | 2.88M | -42.55M | 9.69M | -54.79M | 137.89M |
| EBIT Margin | 1.92% | 0.19% | -3.23% | 0.66% | -3.98% | 7.24% |
| Effective Tax Rate | 2.42% | 11.87% | ||||
| Advertising Expenses | 34.50M | 24.00M | 21.20M | 17.30M | 19.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 192.24M | 97.18M | 107.01M | 175.62M | 151.18M | 62.41M |
| Cash & Short-Term Investments | 192.24M | 97.18M | 107.01M | 175.62M | 151.18M | 62.41M |
| Accounts Receivable | 159.82M | 233.90M | 218.65M | 253.27M | 235.66M | 291.29M |
| Other Receivables | 6.50M | |||||
| Receivables | 159.82M | 233.90M | 218.65M | 253.27M | 235.66M | 297.79M |
| Inventory | 264.53M | 303.34M | 259.98M | 240.17M | 192.72M | 298.31M |
| Prepaid Expenses | 28.89M | 29.64M | 35.38M | 39.82M | 40.59M | 44.52M |
| Restricted Cash | 1.36M | 1.40M | 2.37M | 2.71M | 2.65M | 2.73M |
| Total Current Assets | 646.85M | 665.46M | 623.39M | 711.59M | 622.79M | 705.77M |
| Property, Plant & Equipment | 85.78M | 89.11M | 82.32M | 68.54M | 80.10M | 68.21M |
| Goodwill | 357.42M | 357.76M | 354.22M | 354.70M | 347.75M | 317.05M |
| Other Intangible Assets | 106.49M | 125.21M | 164.32M | 188.01M | 216.25M | 225.71M |
| Long-Term Deferred Tax Assets | 15.20M | 11.37M | 6.47M | 27.75M | 23.57M | 12.74M |
| Other Long-Term Assets | 4.53M | 4.87M | 5.11M | 6.88M | 6.78M | 7.92M |
| Total Assets | 1.22B | 1.25B | 1.24B | 1.36B | 1.30B | 1.34B |
| Accounts Payable | 178.80M | 212.55M | 207.22M | 239.96M | 172.03M | 236.12M |
| Accrued Expenses | 89.81M | 115.64M | 83.74M | 84.36M | 90.99M | 105.56M |
| Current Portion of Long-Term Debt | 6.12M | 6.12M | 12.23M | 12.19M | 6.50M | 4.75M |
| Current Portion of Leases | 17.19M | 16.40M | 15.84M | 9.72M | 11.05M | 9.46M |
| Current Income Taxes Payable | 5.32M | 6.32M | ||||
| Current Unearned Revenue | 5.18M | 9.00M | 7.28M | 7.44M | 6.26M | 6.66M |
| Other Current Liabilities | 72.05M | 71.24M | 70.00M | 64.82M | 50.84M | 77.88M |
| Total Current Liabilities | 369.15M | 430.94M | 396.31M | 418.49M | 343.00M | 446.75M |
| Long-Term Debt | 112.16M | 115.22M | 161.31M | 186.01M | 232.17M | 242.90M |
| Long-Term Leases | 49.40M | 52.78M | 47.66M | 38.59M | 45.46M | 51.15M |
| Long-Term Deferred Tax Liabilities | 3.61M | 6.07M | 7.38M | 17.39M | 18.05M | 25.70M |
| Other Long-Term Liabilities | 1.60M | 3.01M | 3.71M | 3.01M | 3.13M | 2.72M |
| Total Liabilities | 535.91M | 608.03M | 616.38M | 663.48M | 641.81M | 769.22M |
| Common Stock | 11.00K | 11.00K | 10.00K | 10.00K | 10.00K | 9.00K |
| Additional Paid-In Capital | 718.77M | 705.36M | 667.62M | 630.64M | 593.49M | 470.36M |
| Retained Earnings | -52.54M | -71.23M | -58.77M | 40.41M | 37.22M | 98.15M |
| Comprehensive Income & Other | -1.39M | -585.00K | -4.56M | -3.49M | -6.88M | -340.00K |
| Total Common Equity | 664.85M | 633.56M | 604.30M | 667.58M | 623.84M | 568.18M |
| Minority Interest | 15.50M | 12.20M | 15.15M | 26.41M | 31.60M | |
| Shareholders' Equity | 680.35M | 645.75M | 619.45M | 693.98M | 655.43M | 568.18M |
| Total Liabilities & Equity | 1.22B | 1.25B | 1.24B | 1.36B | 1.30B | 1.34B |
| Total Debt | 184.87M | 190.53M | 237.04M | 246.50M | 295.17M | 308.26M |
| Net Cash (Debt) | 7.37M | -93.34M | -130.03M | -70.88M | -143.99M | -245.85M |
| Net Cash Per Share | 0.07 | -0.88 | -1.25 | -0.67 | -1.50 | -2.46 |
| Filing Date Shares Outstanding | 108.18M | 106.66M | 104.86M | 103.31M | 101.49M | 95.20M |
| Total Common Shares Outstanding | 108.17M | 106.64M | 104.76M | 103.25M | 101.39M | 94.51M |
| Working Capital | 277.70M | 234.52M | 227.07M | 293.10M | 279.80M | 259.03M |
| Book Value Per Share | 6.15 | 5.94 | 5.77 | 6.47 | 6.15 | 6.01 |
| Tangible Book Value | 200.95M | 150.58M | 85.76M | 124.86M | 59.84M | 25.42M |
| Tangible Book Value Per Share | 1.86 | 1.41 | 0.82 | 1.21 | 0.59 | 0.27 |
| Machinery | 62.53M | 57.49M | 50.49M | 48.08M | 48.48M | 40.21M |
| Leasehold Improvements | 23.67M | 23.26M | 20.94M | 19.79M | 18.90M | 5.15M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 36.79M | -16.16M | -85.18M | -2.59M | -54.39M | 100.96M |
| Depreciation & Amortization | 53.65M | 54.19M | 51.90M | 50.70M | 53.52M | 45.09M |
| Other Amortization | 1.46M | |||||
| Stock-Based Compensation | 27.08M | 33.11M | 30.59M | 30.87M | 22.16M | 17.23M |
| Provision & Write-off of Bad Debts | -2.83M | |||||
| Other Operating Activities | -4.90M | 1.64M | 16.28M | -516.00K | -16.43M | -3.80M |
| Change in Accounts Receivable | 17.39M | -17.72M | 32.28M | -17.69M | 55.84M | 444.00K |
| Change in Inventory | 30.95M | -51.70M | 18.32M | -39.47M | 111.29M | -71.32M |
| Change in Accounts Payable | -77.72M | 5.54M | -39.51M | 62.15M | -65.93M | -63.72M |
| Change in Other Net Operating Assets | 25.33M | 41.22M | 11.19M | 5.69M | -39.68M | -6.16M |
| Operating Cash Flow | 105.74M | 50.12M | 35.88M | 89.15M | 66.39M | 20.19M |
| Capital Expenditures | -16.03M | -15.37M | -9.85M | -12.76M | -26.32M | -10.97M |
| Cash Acquisitions | -43.13M | -14.22M | -19.72M | -9.57M | ||
| Sale (Purchase) of Intangibles | -100.00K | |||||
| Other Investing Activities | 375.00K | -1.00M | ||||
| Investing Cash Flow | -16.03M | -15.37M | -52.70M | -26.98M | -47.03M | -20.54M |
| Short-Term Debt Issued | 45.00M | 25.00M | 701.50M | 63.50M | ||
| Long-Term Debt Issued | 248.51M | |||||
| Total Debt Issued | 45.00M | 45.00M | 25.00M | 701.50M | 312.01M | |
| Short-Term Debt Repaid | -45.00M | -25.00M | -701.50M | -63.50M | ||
| Long-Term Debt Repaid | -52.81M | -25.00M | -41.00M | -9.48M | -328.39M | |
| Total Debt Repaid | -51.94M | -97.81M | -50.00M | -41.00M | -710.98M | -391.89M |
| Net Debt Issued (Repaid) | -6.94M | -52.81M | -25.00M | -41.00M | -9.48M | -79.88M |
| Issuance of Common Stock | 8.71M | 5.64M | 5.38M | 7.45M | 88.67M | 14.87M |
| Repurchase of Common Stock | -6.03M | -1.21M | -573.00K | -1.41M | -1.53M | -397.00K |
| Other Financing Activities | -175.00K | -494.00K | -30.48M | -2.43M | -5.05M | |
| Financing Cash Flow | -4.43M | -48.87M | -50.68M | -37.39M | 72.61M | -65.40M |
| Foreign Exchange Rate Adjustments | 1.12M | 3.33M | -1.43M | -281.00K | -3.28M | -2.44M |
| Net Cash Flow | 86.41M | -10.80M | -68.93M | 24.50M | 88.68M | -68.19M |
| Free Cash Flow | 89.72M | 34.75M | 26.03M | 76.39M | 40.07M | 9.22M |
| Free Cash Flow Margin | 6.18% | 2.36% | 1.98% | 5.23% | 2.91% | 0.48% |
| Free Cash Flow Per Share | 0.83 | 0.33 | 0.25 | 0.72 | 0.42 | 0.09 |
| Levered Free Cash Flow | 77.31M | 56.16M | 28.95M | 70.75M | 73.82M | -14.69M |
| Unlevered Free Cash Flow | 82.04M | 62.01M | 37.20M | 81.63M | 79.80M | -8.17M |
| Cash Interest Paid | 7.27M | 8.84M | 12.79M | 16.77M | 9.02M | 11.27M |
| Cash Income Tax Paid | 8.32M | 10.14M | 5.10M | 7.38M | 14.22M | 41.24M |
| Change in Working Capital | -4.05M | -22.66M | 22.29M | 10.69M | 61.52M | -140.75M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.34B | 633.06M | 692.07M | 1.45B | 1.36B | 1.98B |
| Enterprise Value | 1.33B | 765.24M | 891.00M | 1.61B | 1.64B | 2.22B |
| Last Close Price | 12.60 | 5.94 | 6.61 | 14.10 | 13.57 | 21.01 |
| PE Ratio | 40.08 | 455.60 | 19.63 | |||
| Forward PE | 15.88 | 10.47 | 16.75 | 19.66 | 19.03 | 15.43 |
| PS Ratio | 0.94 | 0.43 | 0.53 | 0.99 | 0.99 | 1.04 |
| PB Ratio | 2.05 | 0.98 | 1.12 | 2.09 | 2.08 | 3.49 |
| P/TBV Ratio | 6.78 | 4.20 | 8.07 | 11.63 | 22.80 | 77.99 |
| P/FCF Ratio | 15.19 | 18.22 | 26.59 | 19.01 | 34.04 | 215.03 |
| P/OCF Ratio | 12.89 | 12.63 | 19.29 | 16.29 | 20.55 | 98.17 |
| PEG Ratio | 2.08 | 2.08 | 2.08 | 2.08 | 2.08 | |
| EV/Sales Ratio | 0.93 | 0.52 | 0.68 | 1.10 | 1.19 | 1.17 |
| EV/EBITDA Ratio | 16.63 | 13.41 | 95.36 | 26.58 | 12.13 | |
| EV/EBIT Ratio | 48.65 | 266.08 | 165.65 | 16.10 | ||
| EV/FCF Ratio | 15.11 | 22.02 | 34.23 | 21.01 | 40.97 | 240.84 |
| Debt / Equity Ratio | 0.27 | 0.29 | 0.38 | 0.35 | 0.45 | 0.54 |
| Debt / EBITDA Ratio | 1.68 | 2.28 | 7.50 | 3.05 | 14.05 | 1.50 |
| Debt / FCF Ratio | 2.06 | 5.48 | 9.11 | 3.23 | 7.37 | 33.44 |
| Net Debt / Equity Ratio | -0.01 | 0.14 | 0.21 | 0.10 | 0.22 | 0.43 |
| Net Debt / EBITDA Ratio | -0.09 | 1.64 | 13.92 | 1.17 | -113.38 | 1.34 |
| Net Debt / FCF Ratio | -0.08 | 2.69 | 5.00 | 0.93 | 3.59 | 26.67 |
| Asset Turnover | 1.19 | 1.18 | 1.01 | 1.10 | 1.04 | 1.44 |
| Inventory Turnover | 3.60 | 3.71 | 3.94 | 5.08 | 4.39 | 5.30 |
| Quick Ratio | 0.95 | 0.77 | 0.82 | 1.02 | 1.13 | 0.81 |
| Current Ratio | 1.75 | 1.54 | 1.57 | 1.70 | 1.82 | 1.58 |
| Return on Equity (ROE) | 5.85% | -2.37% | -12.70% | -0.15% | -8.82% | 20.08% |
| Return on Assets (ROA) | 1.43% | 0.14% | -2.05% | 0.46% | -2.60% | 6.50% |
| Return on Invested Capital (ROIC) | 3.88% | 0.39% | -5.62% | 1.24% | -6.79% | 16.54% |
| Return on Capital Employed (ROCE) | 3.30% | 0.30% | -5.10% | 1.00% | -5.70% | 15.50% |
| Earnings Yield | 2.49% | -2.55% | -12.31% | -0.18% | -3.99% | 5.09% |
| FCF Yield | 6.58% | 5.49% | 3.76% | 5.26% | 2.94% | 0.46% |
| Buyback Yield / Dilution | -2.29% | -1.77% | 1.99% | -10.38% | 3.72% | -10.41% |