Corsair Gaming (CRSR) Financials

$6.88 -0.11 (-1.57%)

Closing price 05/6/2025 04:00 PM Eastern

Extended Trading

$6.92 +0.04 (+0.65%)

As of 05/6/2025 07:54 PM Eastern

Annual Income Statements for Corsair Gaming

This table shows Corsair Gaming's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-54	-2.59	-85
Consolidated Net Income / (Loss)	-54	-1.04	-83
Net Income / (Loss) Continuing Operations	-54	-1.04	-83
Total Pre-Tax Income	-64	-3.48	-62
Total Operating Income	-55	9.69	-50
Total Gross Profit	297	360	328
Total Revenue	1,375	1,460	1,316
Operating Revenue	1,375	1,460	1,316
Total Cost of Revenue	1,078	1,100	989
Operating Cost of Revenue	1,078	1,100	989
Total Operating Expenses	351	351	378
Selling, General & Admin Expense	285	285	310
Research & Development Expense	66	65	68
Total Other Income / (Expense), net	-8.97	-13	-12
Interest Expense	9.56	17	13
Interest & Investment Income	0.37	6.84	3.35
Other Income / (Expense), net	0.21	-2.59	-1.84
Income Tax Expense	-9.82	-2.44	22
Net Income / (Loss) Attributable to Noncontrolling Interest	0.44	1.55	1.79
Basic Earnings per Share	($0.63)	$0.03	($0.95)
Weighted Average Basic Shares Outstanding	96.28M	102.48M	104.16M
Diluted Earnings per Share	($0.63)	$0.03	($0.95)
Weighted Average Diluted Shares Outstanding	96.28M	106.28M	104.16M
Weighted Average Basic & Diluted Shares Outstanding	101.49M	103.31M	104.86M

This table shows Corsair Gaming's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-6.21	8.97	-2.01	-4.48	-3.08	6.98	-12	-24	-52	2.29
Consolidated Net Income / (Loss)	-5.95	7.12	-1.65	-4.08	-2.89	7.58	-11	-24	-52	2.73
Net Income / (Loss) Continuing Operations	-5.95	7.12	-1.65	-4.08	-2.89	7.58	-11	-24	-52	2.73
Total Pre-Tax Income	-12	8.56	-2.29	-6.37	-2.98	8.16	-13	-28	-25	3.22
Total Operating Income	-11	14	1.04	-2.71	-0.76	12	-10	-25	-21	5.92
Total Gross Profit	72	98	85	83	89	103	87	63	70	108
Total Revenue	312	399	354	325	363	417	337	261	304	414
Operating Revenue	312	399	354	325	363	417	337	261	304	414
Total Cost of Revenue	240	301	269	243	274	315	251	198	235	305
Operating Cost of Revenue	240	301	269	243	274	315	251	198	235	305
Total Operating Expenses	83	84	84	86	90	91	97	88	91	102
Selling, General & Admin Expense	67	68	68	70	74	74	80	70	74	85
Research & Development Expense	16	16	17	16	16	17	17	17	17	17
Total Other Income / (Expense), net	-1.07	-5.08	-3.32	-3.65	-2.23	-3.97	-2.59	-2.79	-3.62	-2.70
Interest Expense	2.73	3.87	4.30	4.50	4.27	4.35	3.69	3.44	3.01	3.07
Interest & Investment Income	-	-	1.47	1.98	1.74	1.65	1.57	1.16	0.30	0.33
Other Income / (Expense), net	1.66	-1.58	-0.50	-1.13	0.30	-1.26	-0.46	-0.52	-0.91	0.04
Income Tax Expense	-6.12	1.44	-0.64	-2.29	-0.10	0.58	-1.78	-4.00	27	0.50
Net Income / (Loss) Attributable to Noncontrolling Interest	2.96	-12	0.36	0.40	0.19	0.60	0.54	0.69	0.12	0.44
Basic Earnings per Share	($0.09)	$0.13	($0.01)	$0.01	($0.03)	$0.06	($0.12)	($0.28)	($0.56)	$0.01
Weighted Average Basic Shares Outstanding	95.86M	96.28M	101.69M	102.30M	102.86M	102.48M	103.56M	103.96M	104.40M	104.16M
Diluted Earnings per Share	($0.09)	$0.13	($0.01)	$0.01	($0.03)	$0.06	($0.12)	($0.28)	($0.56)	$0.01
Weighted Average Diluted Shares Outstanding	95.86M	96.28M	101.69M	106.50M	102.86M	106.28M	103.56M	103.96M	104.40M	104.16M
Weighted Average Basic & Diluted Shares Outstanding	95.99M	101.49M	102.06M	102.78M	102.98M	103.31M	103.91M	104.15M	104.70M	104.86M

This table details how cash moves in and out of Corsair Gaming's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	89	25	-68
Net Cash From Operating Activities	66	89	36
Net Cash From Continuing Operating Activities	66	89	36
Net Income / (Loss) Continuing Operations	-54	-1.04	-83
Consolidated Net Income / (Loss)	-54	-1.04	-83
Depreciation Expense	11	12	13
Amortization Expense	43	38	38
Non-Cash Adjustments To Reconcile Net Income	27	35	34
Changes in Operating Assets and Liabilities, net	40	4.36	34
Net Cash From Investing Activities	-47	-27	-53
Net Cash From Continuing Investing Activities	-47	-27	-53
Purchase of Property, Plant & Equipment	-26	-13	-9.85
Acquisitions	-20	-14	-43
Other Investing Activities, net	-1.19	0.00	0.00
Net Cash From Financing Activities	73	-37	-51
Net Cash From Continuing Financing Activities	73	-37	-51
Repayment of Debt	-711	-41	-50
Repurchase of Common Equity	-0.30	-0.50	0.00
Payment of Dividends	-4.31	-0.98	-26
Issuance of Debt	702	0.00	25
Issuance of Common Equity	89	7.45	5.38
Other Financing Activities, net	-1.53	-2.36	-5.52
Cash Interest Paid	9.02	17	13
Cash Income Taxes Paid	14	7.38	5.10

This table details how cash moves in and out of Corsair Gaming's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	23	92	28	1.96	-36	31	-48	-36	-33	49
Net Cash From Operating Activities	35	21	42	2.15	-12	57	-26	-18	25	56
Net Cash From Continuing Operating Activities	35	21	42	2.15	-12	57	-26	-18	25	56
Net Income / (Loss) Continuing Operations	-5.95	7.12	-1.65	-4.08	-2.89	7.58	-11	-24	-52	2.73
Consolidated Net Income / (Loss)	-5.95	7.12	-1.65	-4.08	-2.89	7.58	-11	-24	-52	2.73
Depreciation Expense	2.55	3.03	2.90	3.04	3.08	3.19	3.09	3.09	3.31	3.96
Amortization Expense	10	8.87	9.74	9.76	9.51	9.48	9.52	9.50	9.57	9.87
Non-Cash Adjustments To Reconcile Net Income	4.55	8.15	7.37	10	8.04	9.40	8.45	8.63	8.83	7.76
Changes in Operating Assets and Liabilities, net	24	-5.93	23	-17	-30	27	-36	-16	55	31
Net Cash From Investing Activities	-7.93	-6.56	-4.68	-2.78	-18	-1.98	-1.48	-15	-34	-2.16
Net Cash From Continuing Investing Activities	-7.93	-6.56	-4.68	-2.78	-18	-1.98	-1.48	-15	-34	-2.16
Purchase of Property, Plant & Equipment	-7.93	-6.47	-4.68	-2.78	-3.33	-1.98	-2.52	-2.51	-3.32	-1.50
Acquisitions	-	-	0.00	-	-14	-	1.04	-0.10	-43	-0.67
Net Cash From Financing Activities	-3.25	77	-9.89	2.78	-6.10	-24	-20	-2.19	-24	-4.06
Net Cash From Continuing Financing Activities	-3.25	77	-9.89	2.78	-6.10	-24	-20	-2.19	-24	-4.06
Repayment of Debt	-224	-81	-10	-1.25	-5.00	-25	-15	-3.13	-25	-7.25
Payment of Dividends	-2.21	-2.11	0.00	-	-0.98	-	-1.96	-	-23	-0.57
Issuance of Debt	223	76	-	-	-	-	-	-	-	3.50
Issuance of Common Equity	0.62	85	2.12	4.26	0.41	0.66	2.35	0.95	1.81	0.27
Other Financing Activities, net	-0.40	0.31	-1.51	-0.23	-0.53	-0.09	-5.34	-0.02	-0.15	-0.01
Cash Interest Paid	2.74	3.61	4.18	4.17	4.39	4.03	3.55	3.33	2.95	2.96
Cash Income Taxes Paid	1.01	4.98	-0.55	1.09	3.92	2.92	0.63	3.15	1.45	-0.12

This table presents Corsair Gaming's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,297	1,357	1,236
Total Current Assets	623	712	623
Cash & Equivalents	151	176	107
Restricted Cash	2.65	2.71	2.37
Accounts Receivable	236	253	219
Inventories, net	193	240	260
Prepaid Expenses	41	40	35
Plant, Property, & Equipment, net	35	32	30
Total Noncurrent Assets	640	614	583
Goodwill	348	355	354
Intangible Assets	216	188	164
Other Noncurrent Operating Assets	76	71	64
Total Liabilities & Shareholders' Equity	1,297	1,357	1,236
Total Liabilities	642	663	616
Total Current Liabilities	343	418	396
Short-Term Debt	6.50	12	12
Accounts Payable	172	240	207
Accrued Expenses	164	166	177
Total Noncurrent Liabilities	299	245	220
Long-Term Debt	232	186	161
Noncurrent Deferred & Payable Income Tax Liabilities	18	17	7.38
Other Noncurrent Operating Liabilities	49	42	51
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	21	16	15
Total Equity & Noncontrolling Interests	634	678	604
Total Preferred & Common Equity	624	668	604
Preferred Stock	0.00	0.00	0.00
Total Common Equity	624	668	604
Common Stock	593	631	668
Retained Earnings	37	40	-59
Accumulated Other Comprehensive Income / (Loss)	-6.88	-3.49	-4.56
Noncontrolling Interest	10	10	0.00

This table presents Corsair Gaming's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	1,183	1,297	1,319	1,338	1,257	1,234	1,203
Total Current Assets	515	633	662	679	621	580	572
Cash & Equivalents	57	179	181	145	128	92	59
Restricted Cash	4.18	2.67	2.68	2.64	2.17	2.17	2.45
Accounts Receivable	156	221	220	251	205	189	178
Inventories, net	250	188	213	236	252	266	293
Prepaid Expenses	48	42	45	45	35	31	39
Plant, Property, & Equipment, net	27	34	34	33	31	31	32
Total Noncurrent Assets	641	630	624	626	605	624	599
Goodwill	346	348	349	355	354	354	358
Intangible Assets	224	207	198	196	178	169	175
Other Noncurrent Operating Assets	71	75	77	74	72	101	66
Total Liabilities & Shareholders' Equity	1,183	1,297	1,319	1,338	1,257	1,234	1,203
Total Liabilities	628	633	645	663	568	560	590
Total Current Liabilities	325	349	366	395	342	323	361
Short-Term Debt	4.66	8.37	10	12	12	12	12
Accounts Payable	162	188	196	215	191	168	191
Accrued Expenses	158	152	159	167	138	143	158
Total Noncurrent Liabilities	303	284	279	269	226	237	229
Long-Term Debt	239	220	217	211	171	168	165
Noncurrent Deferred & Payable Income Tax Liabilities	16	18	17	15	14	11	8.39
Other Noncurrent Operating Liabilities	48	46	45	43	41	58	55
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	28	21	15	15	16	22	14
Total Equity & Noncontrolling Interests	527	644	659	660	673	653	598
Total Preferred & Common Equity	516	633	648	650	664	643	598
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	516	633	648	650	664	643	598
Common Stock	505	602	615	622	640	649	660
Retained Earnings	25	36	37	34	28	-1.71	-60
Accumulated Other Comprehensive Income / (Loss)	-13	-5.28	-3.76	-6.70	-4.63	-4.81	-1.32
Noncontrolling Interest	11	10	11	10	9.79	10	0.00

This table displays calculated financial ratios and metrics derived from Corsair Gaming's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	-27.78%	6.17%	-9.83%
EBITDA Growth	-100.59%	5,568.31%	-99.83%
EBIT Growth	-141.28%	113.01%	-829.34%
NOPAT Growth	-131.56%	117.68%	-615.57%
Net Income Growth	-153.43%	98.08%	-7,941.85%
EPS Growth	-162.38%	104.76%	-3,266.67%
Operating Cash Flow Growth	228.79%	34.29%	-59.76%
Free Cash Flow Firm Growth	-652.61%	218.82%	-114.22%
Invested Capital Growth	-1.39%	-3.57%	-4.24%
Revenue Q/Q Growth	-7.52%	1.29%	-0.28%
EBITDA Q/Q Growth	-110.63%	-1.40%	-97.82%
EBIT Q/Q Growth	-26.46%	-14.39%	-10.44%
NOPAT Q/Q Growth	-26.55%	-13.53%	-14.17%
Net Income Q/Q Growth	-41.49%	30.64%	-6.17%
EPS Q/Q Growth	-21.15%	-70.00%	-5.56%
Operating Cash Flow Q/Q Growth	64.85%	67.24%	-4.11%
Free Cash Flow Firm Q/Q Growth	51.63%	794.99%	50.32%
Invested Capital Q/Q Growth	0.41%	-4.80%	-6.19%
Profitability Metrics	-	-	-
Gross Margin	21.57%	24.68%	24.89%
EBITDA Margin	-0.08%	3.96%	0.01%
Operating Margin	-3.98%	0.66%	-3.79%
EBIT Margin	-3.97%	0.49%	-3.93%
Profit (Net Income) Margin	-3.92%	-0.07%	-6.34%
Tax Burden Percent	84.60%	29.81%	135.25%
Interest Burden Percent	116.83%	-48.99%	119.04%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-5.15%	0.93%	-5.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-16.81%	-14.00%	-120.27%
Return on Net Nonoperating Assets (RNNOA)	-3.67%	-1.09%	-7.69%
Return on Equity (ROE)	-8.82%	-0.15%	-12.70%
Cash Return on Invested Capital (CROIC)	-3.75%	4.57%	-0.68%
Operating Return on Assets (OROA)	-4.14%	0.54%	-3.99%
Return on Assets (ROA)	-4.10%	-0.08%	-6.43%
Return on Common Equity (ROCE)	-8.59%	-0.15%	-12.30%
Return on Equity Simple (ROE_SIMPLE)	-8.65%	-0.16%	-13.80%
Net Operating Profit after Tax (NOPAT)	-38	6.78	-35
NOPAT Margin	-2.79%	0.46%	-2.66%
Net Nonoperating Expense Percent (NNEP)	11.66%	14.94%	115.27%
Return On Investment Capital (ROIC_SIMPLE)	-4.39%	0.77%	-4.50%
Cost of Revenue to Revenue	78.43%	75.32%	75.11%
SG&A Expenses to Revenue	20.72%	19.54%	23.55%
R&D to Revenue	4.84%	4.47%	5.13%
Operating Expenses to Revenue	25.56%	24.01%	28.68%
Earnings before Interest and Taxes (EBIT)	-55	7.10	-52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1.06	58	0.10
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.09	2.18	1.15
Price to Tangible Book Value (P/TBV)	21.77	11.63	8.07
Price to Revenue (P/Rev)	0.95	0.99	0.53
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.92	2.10	1.13
Enterprise Value to Revenue (EV/Rev)	1.03	1.03	0.59
Enterprise Value to EBITDA (EV/EBITDA)	0.00	25.92	7,791.64
Enterprise Value to EBIT (EV/EBIT)	0.00	210.97	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	220.91	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	21.37	16.81	21.50
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	45.12	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.36	0.29	0.28
Long-Term Debt to Equity	0.35	0.27	0.26
Financial Leverage	0.22	0.08	0.06
Leverage Ratio	2.15	1.97	1.97
Compound Leverage Factor	2.52	-0.96	2.35
Debt to Total Capital	26.69%	22.21%	21.88%
Short-Term Debt to Total Capital	0.73%	1.37%	1.54%
Long-Term Debt to Total Capital	25.97%	20.85%	20.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.53%	2.96%	1.91%
Common Equity to Total Capital	69.77%	74.83%	76.21%
Debt to EBITDA	-225.79	3.43	1,752.92
Net Debt to EBITDA	-80.26	0.34	648.02
Long-Term Debt to EBITDA	-219.65	3.22	1,629.39
Debt to NOPAT	-6.22	29.22	-4.96
Net Debt to NOPAT	-2.21	2.93	-1.83
Long-Term Debt to NOPAT	-6.05	27.43	-4.61
Altman Z-Score	2.44	2.71	1.75
Noncontrolling Interest Sharing Ratio	2.58%	4.30%	3.16%
Liquidity Ratios	-	-	-
Current Ratio	1.82	1.70	1.57
Quick Ratio	1.13	1.02	0.82
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-28	33	-4.72
Operating Cash Flow to CapEx	252.29%	698.64%	364.27%
Free Cash Flow to Firm to Interest Expense	-2.92	1.91	-0.36
Operating Cash Flow to Interest Expense	6.94	5.12	2.72
Operating Cash Flow Less CapEx to Interest Expense	4.19	4.39	1.97
Efficiency Ratios	-	-	-
Asset Turnover	1.04	1.10	1.02
Accounts Receivable Turnover	5.22	5.97	5.58
Inventory Turnover	4.39	5.08	3.95
Fixed Asset Turnover	53.15	43.49	42.50
Accounts Payable Turnover	5.28	5.34	4.42
Days Sales Outstanding (DSO)	69.93	61.12	65.43
Days Inventory Outstanding (DIO)	83.09	71.85	92.31
Days Payable Outstanding (DPO)	69.07	68.38	82.53
Cash Conversion Cycle (CCC)	83.96	64.59	75.20
Capital & Investment Metrics	-	-	-
Invested Capital	740	714	684
Invested Capital Turnover	1.84	2.01	1.88
Increase / (Decrease) in Invested Capital	-10	-26	-30
Enterprise Value (EV)	1,419	1,498	771
Market Capitalization	1,303	1,452	692
Book Value per Share	$6.50	$6.48	$5.77
Tangible Book Value per Share	$0.62	$1.21	$0.82
Total Capital	894	892	793
Total Debt	239	198	174
Total Long-Term Debt	232	186	161
Net Debt	85	20	64
Capital Expenditures (CapEx)	26	13	9.85
Debt-free, Cash-free Net Working Capital (DFCFNWC)	132	127	130
Debt-free Net Working Capital (DFNWC)	286	305	239
Net Working Capital (NWC)	280	293	227
Net Nonoperating Expense (NNE)	16	7.82	48
Net Nonoperating Obligations (NNO)	85	20	64
Total Depreciation and Amortization (D&A)	54	51	52
Debt-free, Cash-free Net Working Capital to Revenue	9.63%	8.70%	9.87%
Debt-free Net Working Capital to Revenue	20.82%	20.91%	18.18%
Net Working Capital to Revenue	20.35%	20.08%	17.25%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.63)	$0.03	($0.95)
Adjusted Weighted Average Basic Shares Outstanding	96.28M	102.48M	104.16M
Adjusted Diluted Earnings per Share	($0.63)	$0.03	($0.95)
Adjusted Weighted Average Diluted Shares Outstanding	96.28M	106.28M	104.16M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	101.49M	103.31M	104.86M
Normalized Net Operating Profit after Tax (NOPAT)	-38	6.78	-35
Normalized NOPAT Margin	-2.79%	0.46%	-2.66%
Pre Tax Income Margin	-4.64%	-0.24%	-4.68%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-5.71	0.41	-3.92
NOPAT to Interest Expense	-4.01	0.39	-2.65
EBIT Less CapEx to Interest Expense	-8.46	-0.32	-4.67
NOPAT Less CapEx to Interest Expense	-6.76	-0.34	-3.39
Payout Ratios	-	-	-
Dividend Payout Ratio	-7.99%	-94.50%	-30.63%
Augmented Payout Ratio	-8.54%	-142.43%	-30.63%

This table displays calculated financial ratios and metrics derived from Corsair Gaming's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-20.29%	-21.91%	-7.02%	14.63%	16.49%	4.65%	-4.72%	-19.71%	-16.24%	-0.88%
EBITDA Growth	-83.01%	-31.46%	35.06%	123.33%	239.75%	-1.76%	-85.42%	-241.26%	-173.95%	-15.94%
EBIT Growth	-199.71%	-48.65%	118.13%	92.92%	95.13%	-9.90%	-2,074.12%	-555.67%	-4,713.66%	-45.08%
NOPAT Growth	-186.57%	-58.99%	141.73%	95.06%	93.10%	-0.72%	-1,085.44%	-810.61%	-2,663.06%	-55.49%
Net Income Growth	-267.28%	-68.97%	49.76%	92.13%	51.46%	6.43%	-569.24%	-476.29%	-1,687.46%	-63.99%
EPS Growth	-550.00%	-45.83%	80.00%	101.61%	66.67%	-53.85%	-1,100.00%	-2,900.00%	-1,766.67%	-83.33%
Operating Cash Flow Growth	202.20%	536.37%	785.00%	-86.72%	-133.95%	168.71%	-162.92%	-960.30%	310.72%	-2.69%
Free Cash Flow Firm Growth	43.41%	122.29%	167.52%	133.77%	62.60%	73.23%	-133.30%	-221.45%	149.11%	-6.43%
Invested Capital Growth	3.87%	-1.39%	-13.92%	-6.66%	1.71%	-3.57%	4.41%	5.94%	-2.82%	-4.24%
Revenue Q/Q Growth	9.81%	27.89%	-11.23%	-8.06%	11.60%	14.89%	-19.18%	-22.52%	16.42%	35.97%
EBITDA Q/Q Growth	109.31%	570.80%	-45.90%	-32.13%	35.67%	93.97%	-92.06%	-757.44%	28.98%	320.49%
EBIT Q/Q Growth	82.83%	229.28%	-95.51%	-811.28%	88.20%	2,492.73%	-198.32%	-136.24%	13.38%	127.30%
NOPAT Q/Q Growth	80.01%	247.46%	-93.60%	-361.72%	72.07%	2,222.21%	-163.53%	-141.84%	15.25%	134.18%
Net Income Q/Q Growth	88.53%	219.73%	-123.15%	-147.51%	29.25%	362.51%	-245.58%	-113.14%	-119.45%	105.29%
EPS Q/Q Growth	85.48%	244.44%	-107.69%	200.00%	-400.00%	300.00%	-300.00%	-133.33%	-100.00%	101.79%
Operating Cash Flow Q/Q Growth	117.19%	-39.45%	96.86%	-94.87%	-655.08%	579.29%	-146.10%	29.85%	235.96%	121.33%
Free Cash Flow Firm Q/Q Growth	75.93%	161.86%	431.98%	-57.38%	-126.67%	386.52%	-202.25%	-55.46%	110.78%	445.84%
Invested Capital Q/Q Growth	-4.13%	0.41%	-3.92%	0.91%	4.47%	-4.80%	4.03%	2.39%	-4.16%	-6.19%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.95%	24.54%	24.13%	25.45%	24.60%	24.61%	25.69%	24.14%	22.90%	26.16%
EBITDA Margin	1.15%	6.01%	3.72%	2.75%	3.34%	5.64%	0.57%	-4.84%	-2.95%	4.78%
Operating Margin	-3.52%	3.42%	0.29%	-0.83%	-0.21%	2.91%	-3.03%	-9.46%	-6.89%	1.43%
EBIT Margin	-2.99%	3.02%	0.15%	-1.18%	-0.13%	2.60%	-3.17%	-9.66%	-7.18%	1.44%
Profit (Net Income) Margin	-1.91%	1.79%	-0.47%	-1.25%	-0.79%	1.82%	-3.27%	-9.00%	-16.96%	0.66%
Tax Burden Percent	49.30%	83.15%	72.06%	64.07%	96.75%	92.88%	86.12%	85.46%	209.97%	84.62%
Interest Burden Percent	129.32%	71.00%	-422.74%	165.44%	657.05%	75.09%	119.91%	109.03%	112.42%	54.04%
Effective Tax Rate	0.00%	16.85%	0.00%	0.00%	0.00%	7.12%	0.00%	0.00%	0.00%	15.38%
Return on Invested Capital (ROIC)	-5.07%	5.25%	0.36%	-1.09%	-0.28%	5.42%	-4.21%	-12.35%	-8.61%	2.28%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.09%	2.09%	-1.45%	-2.83%	-2.11%	-1.62%	-11.94%	-21.92%	-47.27%	-3.15%
Return on Net Nonoperating Assets (RNNOA)	-1.33%	0.46%	-0.30%	-0.57%	-0.44%	-0.13%	-0.88%	-2.11%	-7.01%	-0.20%
Return on Equity (ROE)	-6.40%	5.70%	0.06%	-1.67%	-0.73%	5.29%	-5.10%	-14.46%	-15.62%	2.08%
Cash Return on Invested Capital (CROIC)	-7.99%	-3.75%	10.29%	6.98%	-0.64%	4.57%	-4.47%	-8.00%	-1.29%	-0.68%
Operating Return on Assets (OROA)	-3.52%	3.16%	0.16%	-1.29%	-0.14%	2.86%	-3.58%	-10.43%	-7.46%	1.46%
Return on Assets (ROA)	-2.25%	1.86%	-0.48%	-1.37%	-0.91%	2.00%	-3.70%	-9.72%	-17.62%	0.67%
Return on Common Equity (ROCE)	-6.17%	5.56%	0.06%	-1.58%	-0.69%	5.07%	-4.88%	-13.85%	-15.14%	2.02%
Return on Equity Simple (ROE_SIMPLE)	-7.39%	0.00%	-8.26%	-0.70%	-0.23%	0.00%	-1.57%	-4.64%	-13.12%	0.00%
Net Operating Profit after Tax (NOPAT)	-7.69	11	0.73	-1.90	-0.53	11	-7.15	-17	-15	5.01
NOPAT Margin	-2.47%	2.84%	0.21%	-0.58%	-0.15%	2.70%	-2.12%	-6.62%	-4.82%	1.21%
Net Nonoperating Expense Percent (NNEP)	-0.98%	3.16%	1.81%	1.74%	1.83%	7.04%	7.73%	9.57%	38.66%	5.44%
Return On Investment Capital (ROIC_SIMPLE)	-	1.30%	-	-	-	1.29%	-	-	-	0.64%
Cost of Revenue to Revenue	77.05%	75.46%	75.87%	74.55%	75.40%	75.39%	74.31%	75.86%	77.10%	73.84%
SG&A Expenses to Revenue	21.47%	17.17%	19.08%	21.50%	20.37%	17.69%	23.79%	26.94%	24.35%	20.63%
R&D to Revenue	5.01%	3.95%	4.76%	4.79%	4.44%	4.01%	4.93%	6.66%	5.43%	4.10%
Operating Expenses to Revenue	26.48%	21.12%	23.83%	26.29%	24.81%	21.70%	28.72%	33.60%	29.78%	24.73%
Earnings before Interest and Taxes (EBIT)	-9.33	12	0.54	-3.85	-0.45	11	-11	-25	-22	5.97
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3.57	24	13	8.95	12	24	1.92	-13	-8.97	20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.11	2.09	2.94	2.79	2.30	2.18	1.92	1.78	1.21	1.15
Price to Tangible Book Value (P/TBV)	0.00	21.77	23.88	17.76	15.15	11.63	9.70	9.59	11.05	8.07
Price to Revenue (P/Rev)	0.73	0.95	1.38	1.30	1.04	0.99	0.88	0.83	0.55	0.53
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.77	1.92	2.73	2.62	2.12	2.10	1.82	1.66	1.17	1.13
Enterprise Value to Revenue (EV/Rev)	0.88	1.03	1.44	1.35	1.11	1.03	0.94	0.92	0.65	0.59
Enterprise Value to EBITDA (EV/EBITDA)	131.60	0.00	702.50	37.56	27.18	25.92	28.59	49.33	188.72	7,791.64
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	192.06	210.97	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	2,754.75	203.14	220.91	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	32.48	21.37	16.97	18.74	29.89	16.81	64.25	3,146.12	22.85	21.50
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	24.53	36.22	0.00	45.12	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.44	0.36	0.34	0.34	0.33	0.29	0.27	0.27	0.29	0.28
Long-Term Debt to Equity	0.43	0.35	0.33	0.32	0.31	0.27	0.25	0.25	0.27	0.26
Financial Leverage	0.33	0.22	0.21	0.20	0.21	0.08	0.07	0.10	0.15	0.06
Leverage Ratio	2.31	2.15	2.05	2.06	2.05	1.97	1.89	1.89	1.97	1.97
Compound Leverage Factor	2.99	1.53	-8.67	3.41	13.47	1.48	2.26	2.06	2.22	1.07
Debt to Total Capital	30.51%	26.69%	25.62%	25.25%	24.82%	22.21%	21.01%	21.09%	22.43%	21.88%
Short-Term Debt to Total Capital	0.58%	0.73%	0.94%	1.14%	1.35%	1.37%	1.40%	1.43%	1.55%	1.54%
Long-Term Debt to Total Capital	29.93%	25.97%	24.68%	24.11%	23.47%	20.85%	19.61%	19.66%	20.88%	20.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.85%	3.53%	3.48%	2.85%	2.76%	2.96%	2.95%	3.71%	1.82%	1.91%
Common Equity to Total Capital	64.63%	69.77%	70.91%	71.90%	72.43%	74.83%	76.04%	75.20%	75.75%	76.21%
Debt to EBITDA	24.52	-225.79	82.82	4.55	3.80	3.43	3.88	7.03	39.11	1,752.92
Net Debt to EBITDA	18.33	-80.26	17.00	0.88	1.28	0.34	1.13	3.35	25.57	648.02
Long-Term Debt to EBITDA	24.05	-219.65	79.79	4.34	3.59	3.22	3.62	6.55	36.41	1,629.39
Debt to NOPAT	-8.04	-6.22	-6.37	333.49	28.39	29.22	-167.12	-10.93	-5.79	-4.96
Net Debt to NOPAT	-6.01	-2.21	-1.31	64.22	9.58	2.93	-48.66	-5.21	-3.78	-1.83
Long-Term Debt to NOPAT	-7.89	-6.05	-6.14	318.47	26.85	27.43	-155.99	-10.19	-5.39	-4.61
Altman Z-Score	2.49	2.61	3.11	3.04	2.72	2.72	2.76	2.53	1.92	1.91
Noncontrolling Interest Sharing Ratio	3.55%	2.58%	4.88%	5.13%	5.17%	4.30%	4.19%	4.26%	3.04%	3.16%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.59	1.82	1.81	1.81	1.72	1.70	1.82	1.80	1.58	1.57
Quick Ratio	0.66	1.13	1.15	1.10	1.00	1.02	0.97	0.87	0.66	0.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-35	22	116	49	-13	38	-39	-60	6.46	35
Operating Cash Flow to CapEx	442.57%	328.65%	894.29%	77.19%	-358.04%	2,887.86%	-1,044.33%	-735.83%	755.60%	3,708.61%
Free Cash Flow to Firm to Interest Expense	-12.86	5.62	26.90	10.97	-3.08	8.66	-10.44	-17.43	2.15	11.49
Operating Cash Flow to Interest Expense	12.84	5.49	9.72	0.48	-2.79	13.12	-7.13	-5.37	8.34	18.10
Operating Cash Flow Less CapEx to Interest Expense	9.93	3.82	8.64	-0.14	-3.57	12.67	-7.81	-6.10	7.23	17.61
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.18	1.04	1.03	1.09	1.14	1.10	1.13	1.08	1.04	1.02
Accounts Receivable Turnover	7.28	5.22	5.90	7.12	7.08	5.97	6.78	6.75	6.15	5.58
Inventory Turnover	4.01	4.39	4.32	4.17	4.47	5.08	4.91	4.34	3.78	3.95
Fixed Asset Turnover	69.04	53.15	50.19	49.47	48.22	43.49	44.19	42.73	40.50	42.50
Accounts Payable Turnover	5.69	5.28	5.40	5.40	5.75	5.34	5.70	5.70	4.92	4.42
Days Sales Outstanding (DSO)	50.16	69.93	61.92	51.28	51.58	61.12	53.86	54.10	59.34	65.43
Days Inventory Outstanding (DIO)	91.04	83.09	84.41	87.61	81.60	71.85	74.28	84.11	96.66	92.31
Days Payable Outstanding (DPO)	64.11	69.07	67.59	67.61	63.47	68.38	64.02	64.02	74.26	82.53
Cash Conversion Cycle (CCC)	77.10	83.96	78.74	71.28	69.71	64.59	64.12	74.19	81.74	75.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	737	740	711	718	750	714	743	760	729	684
Invested Capital Turnover	2.06	1.84	1.75	1.87	1.94	2.01	1.99	1.87	1.79	1.88
Increase / (Decrease) in Invested Capital	27	-10	-115	-51	13	-26	31	43	-21	-30
Enterprise Value (EV)	1,308	1,419	1,940	1,880	1,593	1,498	1,350	1,265	855	771
Market Capitalization	1,087	1,303	1,862	1,811	1,493	1,452	1,271	1,147	725	692
Book Value per Share	$5.39	$6.50	$6.24	$6.35	$6.32	$6.48	$6.41	$6.19	$5.75	$5.77
Tangible Book Value per Share	($0.57)	$0.62	$0.77	$1.00	$0.96	$1.21	$1.26	$1.15	$0.63	$0.82
Total Capital	799	894	893	902	897	892	873	855	790	793
Total Debt	244	239	229	228	223	198	183	180	177	174
Total Long-Term Debt	239	232	220	217	211	186	171	168	165	161
Net Debt	182	85	47	44	75	20	53	86	116	64
Capital Expenditures (CapEx)	7.93	6.47	4.68	2.78	3.33	1.98	2.52	2.51	3.32	1.50
Debt-free, Cash-free Net Working Capital (DFCFNWC)	134	132	111	122	149	127	161	175	161	130
Debt-free Net Working Capital (DFNWC)	195	286	292	306	297	305	291	269	223	239
Net Working Capital (NWC)	190	280	284	296	285	293	279	257	210	227
Net Nonoperating Expense (NNE)	-1.75	4.22	2.37	2.18	2.36	3.68	3.88	6.21	37	2.28
Net Nonoperating Obligations (NNO)	182	85	47	44	75	20	53	86	116	64
Total Depreciation and Amortization (D&A)	13	12	13	13	13	13	13	13	13	14
Debt-free, Cash-free Net Working Capital to Revenue	8.98%	9.63%	8.20%	8.81%	10.36%	8.70%	11.18%	12.67%	12.22%	9.87%
Debt-free Net Working Capital to Revenue	13.12%	20.82%	21.69%	22.03%	20.59%	20.91%	20.18%	19.51%	16.87%	18.18%
Net Working Capital to Revenue	12.80%	20.35%	21.07%	21.29%	19.75%	20.08%	19.34%	18.63%	15.94%	17.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.09	$0.13	($0.01)	$0.01	($0.03)	$0.06	($0.12)	($0.28)	($0.56)	$0.01
Adjusted Weighted Average Basic Shares Outstanding	95.86M	96.28M	101.69M	102.30M	102.86M	102.48M	103.56M	103.96M	104.40M	104.16M
Adjusted Diluted Earnings per Share	$0.09	$0.13	($0.01)	$0.01	($0.03)	$0.06	($0.12)	($0.28)	($0.56)	$0.01
Adjusted Weighted Average Diluted Shares Outstanding	95.86M	96.28M	101.69M	106.50M	102.86M	106.28M	103.56M	103.96M	104.40M	104.16M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	95.99M	101.49M	102.06M	102.78M	102.98M	103.31M	103.91M	104.15M	104.70M	104.86M
Normalized Net Operating Profit after Tax (NOPAT)	-7.69	11	0.73	-1.90	-0.53	11	-7.15	-17	-15	5.01
Normalized NOPAT Margin	-2.47%	2.84%	0.21%	-0.58%	-0.15%	2.70%	-2.12%	-6.62%	-4.82%	1.21%
Pre Tax Income Margin	-3.87%	2.15%	-0.65%	-1.96%	-0.82%	1.95%	-3.80%	-10.53%	-8.08%	0.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.41	3.11	0.13	-0.86	-0.11	2.50	-2.89	-7.34	-7.26	1.94
NOPAT to Interest Expense	-2.81	2.93	0.17	-0.42	-0.12	2.59	-1.94	-5.03	-4.87	1.63
EBIT Less CapEx to Interest Expense	-6.31	1.44	-0.96	-1.47	-0.89	2.04	-3.58	-8.07	-8.36	1.46
NOPAT Less CapEx to Interest Expense	-5.71	1.26	-0.92	-1.04	-0.90	2.13	-2.62	-5.77	-5.97	1.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-5.78%	-7.99%	-8.24%	-94.69%	-206.49%	-94.50%	-28.22%	-9.85%	-31.79%	-30.63%
Augmented Payout Ratio	-5.78%	-8.54%	-9.76%	-112.10%	-259.53%	-142.43%	-28.22%	-9.85%	-31.79%	-30.63%

Frequently Asked Questions About Corsair Gaming's Financials

When does Corsair Gaming's financial year end?

According to the most recent income statement we have on file, Corsair Gaming's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Corsair Gaming's net income changed over the last 2 years?

Corsair Gaming's net income appears to be on an upward trend, with a most recent value of -$83.39 million in 2024, rising from -$53.95 million in 2022. The previous period was -$1.04 million in 2023. Check out Corsair Gaming's forecast to explore projected trends and price targets.

What is Corsair Gaming's operating income?

Corsair Gaming's total operating income in 2024 was -$49.95 million, based on the following breakdown:

Total Gross Profit: $327.60 million
Total Operating Expenses: $377.55 million

How has Corsair Gaming revenue changed over the last 2 years?

Over the last 2 years, Corsair Gaming's total revenue changed from $1.38 billion in 2022 to $1.32 billion in 2024, a change of -4.3%.

How much debt does Corsair Gaming have?

Corsair Gaming's total liabilities were at $616.38 million at the end of 2024, a 7.1% decrease from 2023, and a 4.0% decrease since 2022.

How much cash does Corsair Gaming have?

In the past 2 years, Corsair Gaming's cash and equivalents has ranged from $107.01 million in 2024 to $175.62 million in 2023, and is currently $107.01 million as of their latest financial filing in 2024.

How has Corsair Gaming's book value per share changed over the last 2 years?

Over the last 2 years, Corsair Gaming's book value per share changed from 6.50 in 2022 to 5.77 in 2024, a change of -11.2%.

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This page (NASDAQ:CRSR) was last updated on 5/7/2025 by MarketBeat.com Staff

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Corsair Gaming (CRSR) Financials

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Corsair Gaming (CRSR) Financials

Annual Income Statements for Corsair Gaming

Quarterly Income Statements for Corsair Gaming

Annual Cash Flow Statements for Corsair Gaming

Quarterly Cash Flow Statements for Corsair Gaming

Annual Balance Sheets for Corsair Gaming

Quarterly Balance Sheets for Corsair Gaming

Annual Metrics and Ratios for Corsair Gaming

Quarterly Metrics and Ratios for Corsair Gaming

Frequently Asked Questions About Corsair Gaming's Financials

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