Corsair Gaming (CRSR) Financials

$9.06 -0.22 (-2.37%)

Closing price 04:00 PM Eastern

Extended Trading

$8.90 -0.16 (-1.71%)

As of 07:24 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	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-14	-8.39	103	101	-54	-2.59	-85
Consolidated Net Income / (Loss)	-14	-8.39	206	101	-54	-1.04	-83
Net Income / (Loss) Continuing Operations	-14	-8.39	103	101	-54	-1.04	-83
Total Pre-Tax Income	-11	-13	122	115	-64	-3.48	-62
Total Operating Income	22	24	158	138	-55	9.69	-50
Total Gross Profit	193	224	465	514	297	360	328
Total Revenue	938	1,097	1,702	1,904	1,375	1,460	1,316
Operating Revenue	938	1,097	1,702	1,904	1,375	1,460	1,316
Total Cost of Revenue	745	873	1,237	1,390	1,078	1,100	989
Operating Cost of Revenue	745	873	1,237	1,390	1,078	1,100	989
Total Operating Expenses	171	201	307	376	351	351	378
Selling, General & Admin Expense	139	163	257	316	285	285	310
Research & Development Expense	32	38	50	60	66	65	68
Total Other Income / (Expense), net	-32	-37	-36	-23	-8.97	-13	-12
Interest Expense	33	36	35	18	9.56	17	13
Interest & Investment Income	-	-	-	0.00	0.37	6.84	3.35
Other Income / (Expense), net	0.18	-1.56	-1.18	-5.66	0.21	-2.59	-1.84
Income Tax Expense	3.01	-5.01	19	14	-9.82	-2.44	22
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	0.44	1.55	1.79
Basic Earnings per Share	$0.18	$0.11	$1.20	$1.08	($0.63)	$0.03	($0.95)
Weighted Average Basic Shares Outstanding	75.46M	76.22M	86.26M	93.26M	96.28M	102.48M	104.16M
Diluted Earnings per Share	$0.18	$0.11	$1.14	$1.01	($0.63)	$0.03	($0.95)
Weighted Average Diluted Shares Outstanding	75.46M	76.22M	90.58M	100.00M	96.28M	106.28M	104.16M
Weighted Average Basic & Diluted Shares Outstanding	-	-	91.90M	95.20M	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	Q1 2025
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	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-6.21	8.97	-2.01	-4.48	-3.08	6.98	-12	-24	-52	2.29	-10
Consolidated Net Income / (Loss)	-5.95	7.12	-1.65	-4.08	-2.89	7.58	-11	-24	-52	2.73	-10
Net Income / (Loss) Continuing Operations	-5.95	7.12	-1.65	-4.08	-2.89	7.58	-11	-24	-52	2.73	-10
Total Pre-Tax Income	-12	8.56	-2.29	-6.37	-2.98	8.16	-13	-28	-25	3.22	-8.26
Total Operating Income	-11	14	1.04	-2.71	-0.76	12	-10	-25	-21	5.92	-2.26
Total Gross Profit	72	98	85	83	89	103	87	63	70	108	102
Total Revenue	312	399	354	325	363	417	337	261	304	414	370
Operating Revenue	312	399	354	325	363	417	337	261	304	414	370
Total Cost of Revenue	240	301	269	243	274	315	251	198	235	305	267
Operating Cost of Revenue	240	301	269	243	274	315	251	198	235	305	267
Total Operating Expenses	83	84	84	86	90	91	97	88	91	102	105
Selling, General & Admin Expense	67	68	68	70	74	74	80	70	74	85	87
Research & Development Expense	16	16	17	16	16	17	17	17	17	17	18
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	-5.99
Interest Expense	2.73	3.87	4.30	4.50	4.27	4.35	3.69	3.44	3.01	3.07	2.68
Interest & Investment Income	-	-	1.47	1.98	1.74	1.65	1.57	1.16	0.30	0.33	0.63
Other Income / (Expense), net	1.66	-1.58	-0.50	-1.13	0.30	-1.26	-0.46	-0.52	-0.91	0.04	-3.95
Income Tax Expense	-6.12	1.44	-0.64	-2.29	-0.10	0.58	-1.78	-4.00	27	0.50	2.06
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	0.14
Basic Earnings per Share	($0.09)	$0.13	($0.01)	$0.01	($0.03)	$0.06	($0.12)	($0.28)	($0.56)	$0.01	($0.10)
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	105.24M
Diluted Earnings per Share	($0.09)	$0.13	($0.01)	$0.01	($0.03)	$0.06	($0.12)	($0.28)	($0.56)	$0.01	($0.10)
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	105.24M
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	105.82M

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	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	9.22	24	80	-68	89	25	-68
Net Cash From Operating Activities	0.42	37	169	20	66	89	36
Net Cash From Continuing Operating Activities	0.42	37	169	20	66	89	36
Net Income / (Loss) Continuing Operations	-14	-8.39	103	101	-54	-1.04	-83
Consolidated Net Income / (Loss)	-14	-8.39	103	101	-54	-1.04	-83
Depreciation Expense	5.67	7.38	9.32	10	11	12	13
Amortization Expense	34	33	36	36	43	38	38
Non-Cash Adjustments To Reconcile Net Income	2.72	3.50	13	25	27	35	34
Changes in Operating Assets and Liabilities, net	-29	1.50	7.45	-153	40	4.36	34
Net Cash From Investing Activities	-39	-145	-10	-21	-47	-27	-53
Net Cash From Continuing Investing Activities	-39	-145	-10	-21	-47	-27	-53
Purchase of Property, Plant & Equipment	-8.35	-8.85	-8.99	-11	-26	-13	-9.85
Acquisitions	-30	-126	-1.29	-4.85	-20	-14	-43
Other Investing Activities, net	0.00	-10	0.00	-4.72	-1.19	0.00	0.00
Net Cash From Financing Activities	47	132	-79	-65	73	-37	-51
Net Cash From Continuing Financing Activities	47	132	-79	-65	73	-37	-51
Repayment of Debt	-4.92	-33	-191	-392	-711	-41	-50
Repurchase of Common Equity	-3.31	-1.78	-8.46	0.00	-0.30	-0.50	0.00
Payment of Dividends	-85	-	0.00	0.00	-4.31	-0.98	-26
Issuance of Debt	141	114	0.00	312	702	0.00	25
Issuance of Common Equity	0.00	54	120	15	89	7.45	5.38
Other Financing Activities, net	0.01	0.00	0.00	-0.40	-1.53	-2.36	-5.52
Cash Interest Paid	29	33	28	11	9.02	17	13
Cash Income Taxes Paid	6.12	0.57	14	41	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	Q1 2025
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	3/31/2025
Net Change in Cash & Equivalents	23	92	28	1.96	-36	31	-48	-36	-33	49	-7.10
Net Cash From Operating Activities	35	21	42	2.15	-12	57	-26	-18	25	56	19
Net Cash From Continuing Operating Activities	35	21	42	2.15	-12	57	-26	-18	25	56	19
Net Income / (Loss) Continuing Operations	-5.95	7.12	-1.65	-4.08	-2.89	7.58	-11	-24	-52	2.73	-10
Consolidated Net Income / (Loss)	-5.95	7.12	-1.65	-4.08	-2.89	7.58	-11	-24	-52	2.73	-10
Depreciation Expense	2.55	3.03	2.90	3.04	3.08	3.19	3.09	3.09	3.31	3.96	3.37
Amortization Expense	10	8.87	9.74	9.76	9.51	9.48	9.52	9.50	9.57	9.87	9.78
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	15
Changes in Operating Assets and Liabilities, net	24	-5.93	23	-17	-30	27	-36	-16	55	31	0.98
Net Cash From Investing Activities	-7.93	-6.56	-4.68	-2.78	-18	-1.98	-1.48	-15	-34	-2.16	-3.07
Net Cash From Continuing Investing Activities	-7.93	-6.56	-4.68	-2.78	-18	-1.98	-1.48	-15	-34	-2.16	-3.07
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	-3.07
Acquisitions	-	-	0.00	-	-14	-	1.04	-0.10	-43	-0.67	0.00
Net Cash From Financing Activities	-3.25	77	-9.89	2.78	-6.10	-24	-20	-2.19	-24	-4.06	-22
Net Cash From Continuing Financing Activities	-3.25	77	-9.89	2.78	-6.10	-24	-20	-2.19	-24	-4.06	-22
Repayment of Debt	-224	-81	-10	-1.25	-5.00	-25	-15	-3.13	-25	-7.25	-25
Payment of Dividends	-2.21	-2.11	0.00	-	-0.98	-	-1.96	-	-23	-0.57	-0.30
Issuance of Common Equity	0.62	85	2.12	4.26	0.41	0.66	2.35	0.95	1.81	0.27	3.44
Other Financing Activities, net	-0.40	0.31	-1.51	-0.23	-0.53	-0.09	-5.34	-0.02	-0.15	-0.01	-0.39
Effect of Exchange Rate Changes	-0.93	1.15	0.73	-0.19	-0.68	-	-0.64	-0.02	0.54	-	-0.53
Cash Interest Paid	2.74	3.61	4.18	4.17	4.39	4.03	3.55	3.33	2.95	2.96	2.46
Cash Income Taxes Paid	1.01	4.98	-0.55	1.09	3.92	2.92	0.63	3.15	1.45	-0.12	1.55

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	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,060	1,314	1,337	1,297	1,357	1,236
Total Current Assets	430	691	706	623	712	623
Cash & Equivalents	48	130	62	151	176	107
Restricted Cash	3.55	3.80	2.73	2.65	2.71	2.37
Accounts Receivable	202	294	291	236	253	219
Inventories, net	151	226	298	193	240	260
Prepaid Expenses	25	38	51	41	40	35
Plant, Property, & Equipment, net	15	16	17	35	32	30
Total Noncurrent Assets	615	607	615	640	614	583
Goodwill	313	313	317	348	355	354
Intangible Assets	291	259	226	216	188	164
Other Noncurrent Operating Assets	11	35	72	76	71	64
Total Liabilities & Shareholders' Equity	1,060	1,314	1,337	1,297	1,357	1,236
Total Liabilities	843	877	769	642	663	616
Total Current Liabilities	300	505	447	343	418	396
Short-Term Debt	2.36	0.00	4.75	6.50	12	12
Accounts Payable	182	300	236	172	240	207
Accrued Expenses	116	206	206	164	166	177
Total Noncurrent Liabilities	543	371	322	299	245	220
Long-Term Debt	503	321	243	232	186	161
Noncurrent Deferred & Payable Income Tax Liabilities	34	30	26	18	17	7.38
Other Noncurrent Operating Liabilities	5.75	20	54	49	42	51
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	0.00	21	16	15
Total Equity & Noncontrolling Interests	217	437	568	634	678	604
Total Preferred & Common Equity	217	437	568	624	668	604
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	217	437	568	624	668	604
Common Stock	325	439	470	593	631	668
Retained Earnings	-106	-2.81	98	37	40	-59
Accumulated Other Comprehensive Income / (Loss)	-2.17	1.53	-0.34	-6.88	-3.49	-4.56

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	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	1,232	1,183	1,297	1,319	1,338	1,257	1,234	1,203	1,239
Total Current Assets	555	515	633	662	679	621	580	572	633
Cash & Equivalents	36	57	179	181	145	128	92	59	100
Restricted Cash	2.62	4.18	2.67	2.68	2.64	2.17	2.17	2.45	2.44
Accounts Receivable	170	156	221	220	251	205	189	178	219
Inventories, net	293	250	188	213	236	252	266	293	277
Prepaid Expenses	53	48	42	45	45	35	31	39	35
Plant, Property, & Equipment, net	23	27	34	34	33	31	31	32	28
Total Noncurrent Assets	655	641	630	624	626	605	624	599	578
Goodwill	348	346	348	349	355	354	354	358	355
Intangible Assets	236	224	207	198	196	178	169	175	155
Other Noncurrent Operating Assets	70	71	75	77	74	72	101	66	68
Total Liabilities & Shareholders' Equity	1,232	1,183	1,297	1,319	1,338	1,257	1,234	1,203	1,239
Total Liabilities	670	628	633	645	663	568	560	590	616
Total Current Liabilities	357	325	349	366	395	342	323	361	417
Short-Term Debt	4.71	4.66	8.37	10	12	12	12	12	12
Accounts Payable	194	162	188	196	215	191	168	191	240
Accrued Expenses	158	158	152	159	167	138	143	158	165
Total Noncurrent Liabilities	313	303	284	279	269	226	237	229	199
Long-Term Debt	240	239	220	217	211	171	168	165	136
Noncurrent Deferred & Payable Income Tax Liabilities	23	16	18	17	15	14	11	8.39	7.36
Other Noncurrent Operating Liabilities	49	48	46	45	43	41	58	55	55
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	27	28	21	15	15	16	22	14	15
Total Equity & Noncontrolling Interests	536	527	644	659	660	673	653	598	609
Total Preferred & Common Equity	525	516	633	648	650	664	643	598	609
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	525	516	633	648	650	664	643	598	609
Common Stock	499	505	602	615	622	640	649	660	680
Retained Earnings	34	25	36	37	34	28	-1.71	-60	-69
Accumulated Other Comprehensive Income / (Loss)	-7.66	-13	-5.28	-3.76	-6.70	-4.63	-4.81	-1.32	-2.44

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

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	17.03%	55.16%	11.85%	-27.78%	6.17%	-9.83%
EBITDA Growth	0.00%	1.11%	223.99%	-11.91%	-100.59%	5,568.31%	-99.83%
EBIT Growth	0.00%	0.80%	609.64%	-15.87%	-141.28%	113.01%	-829.34%
NOPAT Growth	0.00%	8.80%	707.08%	-9.27%	-131.56%	117.68%	-615.57%
Net Income Growth	0.00%	38.82%	2,559.30%	-51.09%	-153.43%	98.08%	-7,941.85%
EPS Growth	0.00%	-38.89%	936.36%	-11.40%	-162.38%	104.76%	-3,266.67%
Operating Cash Flow Growth	0.00%	8,692.18%	355.36%	-88.05%	228.79%	34.29%	-59.76%
Free Cash Flow Firm Growth	0.00%	0.00%	127.41%	-102.07%	-652.61%	218.82%	-114.22%
Invested Capital Growth	0.00%	0.00%	-6.77%	20.02%	-1.39%	-3.57%	-4.24%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-2.34%	-7.52%	1.29%	-0.28%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-16.19%	-110.63%	-1.40%	-97.82%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-20.58%	-26.46%	-14.39%	-10.44%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-14.64%	-26.55%	-13.53%	-14.17%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-54.99%	-41.49%	30.64%	-6.17%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-18.55%	-21.15%	-70.00%	-5.56%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	23.96%	-78.45%	64.85%	67.24%	-4.11%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	51.63%	794.99%	50.32%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	5.77%	0.41%	-4.80%	-6.19%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	20.55%	20.44%	27.34%	26.99%	21.57%	24.68%	24.89%
EBITDA Margin	6.61%	5.71%	11.92%	9.39%	-0.08%	3.96%	0.01%
Operating Margin	2.32%	2.16%	9.30%	7.24%	-3.98%	0.66%	-3.79%
EBIT Margin	2.34%	2.02%	9.23%	6.94%	-3.97%	0.49%	-3.93%
Profit (Net Income) Margin	-1.46%	-0.77%	12.13%	5.30%	-3.92%	-0.07%	-6.34%
Tax Burden Percent	128.14%	62.65%	169.15%	88.13%	84.60%	29.81%	135.25%
Interest Burden Percent	-48.73%	-60.49%	77.65%	86.64%	116.83%	-48.99%	119.04%
Effective Tax Rate	0.00%	0.00%	15.43%	11.87%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	4.95%	20.66%	17.66%	-5.15%	0.93%	-5.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-6.06%	43.24%	6.56%	-16.81%	-14.00%	-120.27%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-12.69%	42.45%	2.42%	-3.67%	-1.09%	-7.69%
Return on Equity (ROE)	0.00%	-7.74%	63.11%	20.08%	-8.82%	-0.15%	-12.70%
Cash Return on Invested Capital (CROIC)	0.00%	-195.05%	27.67%	-0.54%	-3.75%	4.57%	-0.68%
Operating Return on Assets (OROA)	0.00%	2.09%	13.24%	9.97%	-4.14%	0.54%	-3.99%
Return on Assets (ROA)	0.00%	-0.79%	17.39%	7.62%	-4.10%	-0.08%	-6.43%
Return on Common Equity (ROCE)	0.00%	-7.74%	63.11%	20.08%	-8.59%	-0.15%	-12.30%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-3.87%	47.20%	17.77%	-8.65%	-0.16%	-13.80%
Net Operating Profit after Tax (NOPAT)	15	17	134	122	-38	6.78	-35
NOPAT Margin	1.63%	1.51%	7.87%	6.38%	-2.79%	0.46%	-2.66%
Net Nonoperating Expense Percent (NNEP)	0.00%	11.01%	-22.58%	11.10%	11.66%	14.94%	115.27%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-4.39%	0.77%	-4.50%
Cost of Revenue to Revenue	79.45%	79.56%	72.66%	73.01%	78.43%	75.32%	75.11%
SG&A Expenses to Revenue	14.82%	14.86%	15.10%	16.58%	20.72%	19.54%	23.55%
R&D to Revenue	3.41%	3.42%	2.94%	3.17%	4.84%	4.47%	5.13%
Operating Expenses to Revenue	18.23%	18.28%	18.04%	19.75%	25.56%	24.01%	28.68%
Earnings before Interest and Taxes (EBIT)	22	22	157	132	-55	7.10	-52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	62	63	203	179	-1.06	58	0.10
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.10	7.61	3.49	2.09	2.18	1.15
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	77.99	21.77	11.63	8.07
Price to Revenue (P/Rev)	0.25	0.22	1.96	1.04	0.95	0.99	0.53
Price to Earnings (P/E)	0.00	0.00	32.26	19.63	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	3.10%	5.09%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.03	5.62	2.88	1.92	2.10	1.13
Enterprise Value to Revenue (EV/Rev)	0.00	0.63	2.07	1.14	1.03	1.03	0.59
Enterprise Value to EBITDA (EV/EBITDA)	0.00	11.05	17.33	12.11	0.00	25.92	7,791.64
Enterprise Value to EBIT (EV/EBIT)	0.00	31.25	22.38	16.37	0.00	210.97	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	41.71	26.26	17.81	0.00	220.91	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	18.65	20.82	107.20	21.37	16.81	21.50
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	19.61	0.00	0.00	45.12	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	2.33	0.73	0.44	0.36	0.29	0.28
Long-Term Debt to Equity	0.00	2.32	0.73	0.43	0.35	0.27	0.26
Financial Leverage	0.00	2.09	0.98	0.37	0.22	0.08	0.06
Leverage Ratio	0.00	4.89	3.63	2.64	2.15	1.97	1.97
Compound Leverage Factor	0.00	-2.96	2.82	2.28	2.52	-0.96	2.35
Debt to Total Capital	0.00%	70.00%	42.36%	30.36%	26.69%	22.21%	21.88%
Short-Term Debt to Total Capital	0.00%	0.33%	0.00%	0.58%	0.73%	1.37%	1.54%
Long-Term Debt to Total Capital	0.00%	69.67%	42.36%	29.77%	25.97%	20.85%	20.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	3.53%	2.96%	1.91%
Common Equity to Total Capital	0.00%	30.00%	57.64%	69.64%	69.77%	74.83%	76.21%
Debt to EBITDA	0.00	8.07	1.58	1.39	-225.79	3.43	1,752.92
Net Debt to EBITDA	0.00	7.25	0.93	1.02	-80.26	0.34	648.02
Long-Term Debt to EBITDA	0.00	8.04	1.58	1.36	-219.65	3.22	1,629.39
Debt to NOPAT	0.00	30.48	2.40	2.04	-6.22	29.22	-4.96
Net Debt to NOPAT	0.00	27.36	1.40	1.50	-2.21	2.93	-1.83
Long-Term Debt to NOPAT	0.00	30.34	2.40	2.00	-6.05	27.43	-4.61
Altman Z-Score	0.00	1.28	4.14	3.63	2.44	2.71	1.75
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	2.58%	4.30%	3.16%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	1.43	1.37	1.58	1.82	1.70	1.57
Quick Ratio	0.00	0.84	0.84	0.79	1.13	1.02	0.82
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-654	179	-3.71	-28	33	-4.72
Operating Cash Flow to CapEx	5.06%	419.34%	1,879.55%	184.00%	252.29%	698.64%	364.27%
Free Cash Flow to Firm to Interest Expense	0.00	-18.41	5.10	-0.21	-2.92	1.91	-0.36
Operating Cash Flow to Interest Expense	0.01	1.04	4.81	1.14	6.94	5.12	2.72
Operating Cash Flow Less CapEx to Interest Expense	-0.24	0.79	4.55	0.52	4.19	4.39	1.97
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	1.04	1.43	1.44	1.04	1.10	1.02
Accounts Receivable Turnover	0.00	5.42	6.86	6.51	5.22	5.97	5.58
Inventory Turnover	0.00	5.78	6.56	5.30	4.39	5.08	3.95
Fixed Asset Turnover	0.00	71.41	106.93	114.38	53.15	43.49	42.50
Accounts Payable Turnover	0.00	4.80	5.14	5.19	5.28	5.34	4.42
Days Sales Outstanding (DSO)	0.00	67.31	53.17	56.06	69.93	61.12	65.43
Days Inventory Outstanding (DIO)	0.00	63.17	55.63	68.83	83.09	71.85	92.31
Days Payable Outstanding (DPO)	0.00	76.11	71.07	70.33	69.07	68.38	82.53
Cash Conversion Cycle (CCC)	0.00	54.36	37.74	54.56	83.96	64.59	75.20
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	671	625	751	740	714	684
Invested Capital Turnover	0.00	3.27	2.63	2.77	1.84	2.01	1.88
Increase / (Decrease) in Invested Capital	0.00	671	-45	125	-10	-26	-30
Enterprise Value (EV)	0.00	692	3,518	2,165	1,419	1,498	771
Market Capitalization	238	238	3,329	1,982	1,303	1,452	692
Book Value per Share	$0.00	$2.84	$4.76	$6.02	$6.50	$6.48	$5.77
Tangible Book Value per Share	$0.00	($5.08)	($1.47)	$0.27	$0.62	$1.21	$0.82
Total Capital	0.00	723	759	816	894	892	793
Total Debt	0.00	506	321	248	239	198	174
Total Long-Term Debt	0.00	503	321	243	232	186	161
Net Debt	0.00	454	188	183	85	20	64
Capital Expenditures (CapEx)	8.35	8.85	8.99	11	26	13	9.85
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	81	52	199	132	127	130
Debt-free Net Working Capital (DFNWC)	0.00	132	186	264	286	305	239
Net Working Capital (NWC)	0.00	130	186	259	280	293	227
Net Nonoperating Expense (NNE)	29	25	-73	21	16	7.82	48
Net Nonoperating Obligations (NNO)	0.00	454	188	183	85	20	64
Total Depreciation and Amortization (D&A)	40	40	46	47	54	51	52
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	7.34%	3.07%	10.43%	9.63%	8.70%	9.87%
Debt-free Net Working Capital to Revenue	0.00%	12.05%	10.90%	13.85%	20.82%	20.91%	18.18%
Net Working Capital to Revenue	0.00%	11.84%	10.90%	13.60%	20.35%	20.08%	17.25%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$1.20	$1.08	($0.63)	$0.03	($0.95)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	86.26M	93.26M	96.28M	102.48M	104.16M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.14	$1.01	($0.63)	$0.03	($0.95)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	90.58M	100.00M	96.28M	106.28M	104.16M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	91.90M	95.20M	101.49M	103.31M	104.86M
Normalized Net Operating Profit after Tax (NOPAT)	15	17	134	122	-38	6.78	-35
Normalized NOPAT Margin	1.63%	1.51%	7.87%	6.38%	-2.79%	0.46%	-2.66%
Pre Tax Income Margin	-1.14%	-1.22%	7.17%	6.02%	-4.64%	-0.24%	-4.68%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.67	0.62	4.47	7.48	-5.71	0.41	-3.92
NOPAT to Interest Expense	0.47	0.47	3.81	6.88	-4.01	0.39	-2.65
EBIT Less CapEx to Interest Expense	0.42	0.37	4.22	6.86	-8.46	-0.32	-4.67
NOPAT Less CapEx to Interest Expense	0.21	0.22	3.56	6.26	-6.76	-0.34	-3.39
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	-619.53%	0.00%	0.00%	0.00%	-7.99%	-94.50%	-30.63%
Augmented Payout Ratio	-643.64%	-21.16%	4.10%	0.00%	-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	Q1 2025
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	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-20.29%	-21.91%	-7.02%	14.63%	16.49%	4.65%	-4.72%	-19.71%	-16.24%	-0.88%	9.63%
EBITDA Growth	-83.01%	-31.46%	35.06%	123.33%	239.75%	-1.76%	-85.42%	-241.26%	-173.95%	-15.94%	261.34%
EBIT Growth	-199.71%	-48.65%	118.13%	92.92%	95.13%	-9.90%	-2,074.12%	-555.67%	-4,713.66%	-45.08%	41.85%
NOPAT Growth	-186.57%	-58.99%	141.73%	95.06%	93.10%	-0.72%	-1,085.44%	-810.61%	-2,663.06%	-55.49%	77.86%
Net Income Growth	-267.28%	-68.97%	49.76%	92.13%	51.46%	6.43%	-569.24%	-476.29%	-1,687.46%	-63.99%	6.46%
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%	16.67%
Operating Cash Flow Growth	202.20%	536.37%	785.00%	-86.72%	-133.95%	168.71%	-162.92%	-960.30%	310.72%	-2.69%	171.25%
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%	285.25%
Invested Capital Growth	3.87%	-1.39%	-13.92%	-6.66%	1.71%	-3.57%	4.41%	5.94%	-2.82%	-4.24%	-9.82%
Revenue Q/Q Growth	9.81%	27.89%	-11.23%	-8.06%	11.60%	14.89%	-19.18%	-22.52%	16.42%	35.97%	-10.61%
EBITDA Q/Q Growth	109.31%	570.80%	-45.90%	-32.13%	35.67%	93.97%	-92.06%	-757.44%	28.98%	320.49%	-64.90%
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%	-204.09%
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%	-131.61%
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%	-478.19%
EPS Q/Q Growth	85.48%	244.44%	-107.69%	200.00%	-400.00%	300.00%	-300.00%	-133.33%	-100.00%	101.79%	-1,100.00%
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%	-66.25%
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%	102.45%
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%	-2.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.95%	24.54%	24.13%	25.45%	24.60%	24.61%	25.69%	24.14%	22.90%	26.16%	27.68%
EBITDA Margin	1.15%	6.01%	3.72%	2.75%	3.34%	5.64%	0.57%	-4.84%	-2.95%	4.78%	1.88%
Operating Margin	-3.52%	3.42%	0.29%	-0.83%	-0.21%	2.91%	-3.03%	-9.46%	-6.89%	1.43%	-0.61%
EBIT Margin	-2.99%	3.02%	0.15%	-1.18%	-0.13%	2.60%	-3.17%	-9.66%	-7.18%	1.44%	-1.68%
Profit (Net Income) Margin	-1.91%	1.79%	-0.47%	-1.25%	-0.79%	1.82%	-3.27%	-9.00%	-16.96%	0.66%	-2.79%
Tax Burden Percent	49.30%	83.15%	72.06%	64.07%	96.75%	92.88%	86.12%	85.46%	209.97%	84.62%	124.96%
Interest Burden Percent	129.32%	71.00%	-422.74%	165.44%	657.05%	75.09%	119.91%	109.03%	112.42%	54.04%	132.95%
Effective Tax Rate	0.00%	16.85%	0.00%	0.00%	0.00%	7.12%	0.00%	0.00%	0.00%	15.38%	0.00%
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%	-0.82%
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%	-18.33%
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%	-1.39%
Return on Equity (ROE)	-6.40%	5.70%	0.06%	-1.67%	-0.73%	5.29%	-5.10%	-14.46%	-15.62%	2.08%	-2.21%
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%	6.17%
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%	-1.81%
Return on Assets (ROA)	-2.25%	1.86%	-0.48%	-1.37%	-0.91%	2.00%	-3.70%	-9.72%	-17.62%	0.67%	-3.02%
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%	-2.14%
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%	-13.58%
Net Operating Profit after Tax (NOPAT)	-7.69	11	0.73	-1.90	-0.53	11	-7.15	-17	-15	5.01	-1.58
NOPAT Margin	-2.47%	2.84%	0.21%	-0.58%	-0.15%	2.70%	-2.12%	-6.62%	-4.82%	1.21%	-0.43%
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%	17.51%
Return On Investment Capital (ROIC_SIMPLE)	-	1.30%	-	-	-	1.29%	-	-	-	0.64%	-0.21%
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%	72.32%
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%	23.53%
R&D to Revenue	5.01%	3.95%	4.76%	4.79%	4.44%	4.01%	4.93%	6.66%	5.43%	4.10%	4.77%
Operating Expenses to Revenue	26.48%	21.12%	23.83%	26.29%	24.81%	21.70%	28.72%	33.60%	29.78%	24.73%	28.30%
Earnings before Interest and Taxes (EBIT)	-9.33	12	0.54	-3.85	-0.45	11	-11	-25	-22	5.97	-6.21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3.57	24	13	8.95	12	24	1.92	-13	-8.97	20	6.95
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	1.53
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	9.40
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	0.69
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	0.00
Dividend Yield	0.00%	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%	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	1.48
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	0.73
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	193.27
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	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	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	12.23
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	22.72
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	0.24
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	0.22
Financial Leverage	0.33	0.22	0.21	0.20	0.21	0.08	0.07	0.10	0.15	0.06	0.08
Leverage Ratio	2.31	2.15	2.05	2.06	2.05	1.97	1.89	1.89	1.97	1.97	1.90
Compound Leverage Factor	2.99	1.53	-8.67	3.41	13.47	1.48	2.26	2.06	2.22	1.07	2.53
Debt to Total Capital	30.51%	26.69%	25.62%	25.25%	24.82%	22.21%	21.01%	21.09%	22.43%	21.88%	19.26%
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%	1.59%
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%	17.67%
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%	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%	1.88%
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%	78.86%
Debt to EBITDA	24.52	-225.79	82.82	4.55	3.80	3.43	3.88	7.03	39.11	1,752.92	29.02
Net Debt to EBITDA	18.33	-80.26	17.00	0.88	1.28	0.34	1.13	3.35	25.57	648.02	9.05
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	26.63
Debt to NOPAT	-8.04	-6.22	-6.37	333.49	28.39	29.22	-167.12	-10.93	-5.79	-4.96	-5.06
Net Debt to NOPAT	-6.01	-2.21	-1.31	64.22	9.58	2.93	-48.66	-5.21	-3.78	-1.83	-1.58
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	-4.64
Altman Z-Score	2.49	2.61	3.11	3.04	2.72	2.72	2.76	2.53	1.92	1.91	2.11
Noncontrolling Interest Sharing Ratio	3.55%	2.58%	4.88%	5.13%	5.17%	4.30%	4.19%	4.26%	3.04%	3.16%	3.07%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.59	1.82	1.81	1.81	1.72	1.70	1.82	1.80	1.58	1.57	1.52
Quick Ratio	0.66	1.13	1.15	1.10	1.00	1.02	0.97	0.87	0.66	0.82	0.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-35	22	116	49	-13	38	-39	-60	6.46	35	71
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%	610.35%
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	26.67
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	7.01
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	5.86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.18	1.04	1.03	1.09	1.14	1.10	1.13	1.08	1.04	1.02	1.08
Accounts Receivable Turnover	7.28	5.22	5.90	7.12	7.08	5.97	6.78	6.75	6.15	5.58	6.36
Inventory Turnover	4.01	4.39	4.32	4.17	4.47	5.08	4.91	4.34	3.78	3.95	3.80
Fixed Asset Turnover	69.04	53.15	50.19	49.47	48.22	43.49	44.19	42.73	40.50	42.50	45.24
Accounts Payable Turnover	5.69	5.28	5.40	5.40	5.75	5.34	5.70	5.70	4.92	4.42	4.66
Days Sales Outstanding (DSO)	50.16	69.93	61.92	51.28	51.58	61.12	53.86	54.10	59.34	65.43	57.38
Days Inventory Outstanding (DIO)	91.04	83.09	84.41	87.61	81.60	71.85	74.28	84.11	96.66	92.31	95.93
Days Payable Outstanding (DPO)	64.11	69.07	67.59	67.61	63.47	68.38	64.02	64.02	74.26	82.53	78.32
Cash Conversion Cycle (CCC)	77.10	83.96	78.74	71.28	69.71	64.59	64.12	74.19	81.74	75.20	75.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	737	740	711	718	750	714	743	760	729	684	670
Invested Capital Turnover	2.06	1.84	1.75	1.87	1.94	2.01	1.99	1.87	1.79	1.88	1.91
Increase / (Decrease) in Invested Capital	27	-10	-115	-51	13	-26	31	43	-21	-30	-73
Enterprise Value (EV)	1,308	1,419	1,940	1,880	1,593	1,498	1,350	1,265	855	771	990
Market Capitalization	1,087	1,303	1,862	1,811	1,493	1,452	1,271	1,147	725	692	929
Book Value per Share	$5.39	$6.50	$6.24	$6.35	$6.32	$6.48	$6.41	$6.19	$5.75	$5.77	$5.81
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	$0.94
Total Capital	799	894	893	902	897	892	873	855	790	793	772
Total Debt	244	239	229	228	223	198	183	180	177	174	149
Total Long-Term Debt	239	232	220	217	211	186	171	168	165	161	136
Net Debt	182	85	47	44	75	20	53	86	116	64	46
Capital Expenditures (CapEx)	7.93	6.47	4.68	2.78	3.33	1.98	2.52	2.51	3.32	1.50	3.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)	134	132	111	122	149	127	161	175	161	130	126
Debt-free Net Working Capital (DFNWC)	195	286	292	306	297	305	291	269	223	239	228
Net Working Capital (NWC)	190	280	284	296	285	293	279	257	210	227	216
Net Nonoperating Expense (NNE)	-1.75	4.22	2.37	2.18	2.36	3.68	3.88	6.21	37	2.28	8.73
Net Nonoperating Obligations (NNO)	182	85	47	44	75	20	53	86	116	64	46
Total Depreciation and Amortization (D&A)	13	12	13	13	13	13	13	13	13	14	13
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%	9.35%
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%	16.94%
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%	16.03%
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	($0.10)
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	105.24M
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	($0.10)
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	105.24M
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	$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	105.82M
Normalized Net Operating Profit after Tax (NOPAT)	-7.69	11	0.73	-1.90	-0.53	11	-7.15	-17	-15	5.01	-1.58
Normalized NOPAT Margin	-2.47%	2.84%	0.21%	-0.58%	-0.15%	2.70%	-2.12%	-6.62%	-4.82%	1.21%	-0.43%
Pre Tax Income Margin	-3.87%	2.15%	-0.65%	-1.96%	-0.82%	1.95%	-3.80%	-10.53%	-8.08%	0.78%	-2.23%
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	-2.32
NOPAT to Interest Expense	-2.81	2.93	0.17	-0.42	-0.12	2.59	-1.94	-5.03	-4.87	1.63	-0.59
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	-3.47
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	-1.74
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%	-28.89%
Augmented Payout Ratio	-5.78%	-8.54%	-9.76%	-112.10%	-259.53%	-142.43%	-28.22%	-9.85%	-31.79%	-30.63%	-28.89%

Key Financial Trends

Corsair Gaming, Inc. (NASDAQ: CRSR) Financial Overview and Trends

Analyzing Corsair Gaming's financials over the past several quarters up to Q1 2025 reveals mixed performance with recent challenges in profitability but also several positive signs in cash flow and asset management. Below is a summary of the key trends and metrics based on income statements, cash flow statements, and balance sheets.

Operating revenue remained relatively stable in recent quarters, with $369.8 million in Q1 2025, compared to $413.6 million in Q4 2024, showing resilience in sales despite macroeconomic pressures.
Gross profit has stayed positive across quarters, peaking around $108 million in Q4 2024 and standing at $102 million in Q1 2025, indicating Corsair manages to maintain margin on product sales despite cost pressures.
Net cash provided by operating activities was strong in recent quarters, including $18.75 million in Q1 2025, after generating $55.6 million in Q4 2024 and $25.1 million in Q3 2024, showing healthy operational cash generation capacity.
Cash and equivalents have remained robust, with $99.8 million at Q1 2025 compared to $58.9 million in Q3 2024 and $92.2 million in Q2 2024, supporting liquidity and operational flexibility.
The company reduced short-term debt slightly to $12.3 million in Q1 2025 compared to prior quarters, indicating some debt management and deleveraging efforts.

Operating expenses increased slightly to $104.6 million in Q1 2025 from $102.3 million in Q4 2024, driven mainly by SG&A and R&D costs, which is common in tech sectors investing in growth and innovation.
Interest expense remains sizable, around $2.7 to $4.3 million per quarter recently, reflecting ongoing debt interest costs that suppress net income.
Inventories increased to $276.8 million in Q1 2025 from $251.7 million in Q1 2024, which may indicate stocking for anticipated sales growth or potential slow-moving inventory risks.
Goodwill and intangible assets stayed consistent, around $350 million and $155 million respectively, showing stable acquisition accounting without impairment impacts reported.
Total liabilities stayed fairly steady near $616 million in Q1 2025 with long-term debt slightly reduced to $136.4 million compared to $171 million in early 2024, showing some debt repayment activity.

Corsair posted a net loss of $10.3 million in Q1 2025, continuing a trend of recent quarterly losses following profitability in late 2023 (e.g., net income $2.7 million in Q4 2024).
Operating income turned negative to -$2.26 million in Q1 2025 from a positive $5.9 million in Q4 2024, driven by increased costs and pressure on margins.
Other expenses, including net other income and interest, produced a combined negative impact of $5.99 million in Q1 2025, up from $2.7 million negative in Q4 2024, further eroding earnings.
Net income attributable to common shareholders in Q1 2025 stood at -$10.5 million, representing a worsening trend compared to recent quarters with modest profits or smaller losses.
Net cash used in financing activities increased significantly to -$22.3 million in Q1 2025 from -$4 million in Q4 2024, largely due to $25 million in debt repayment, impacting cash flow despite debt reduction benefits.

Summary: Corsair Gaming displays resilient revenue and gross profit amid challenging market conditions with sound liquidity and operational cash flow trends. However, losses have re-emerged after a short period of profitability, pressured by higher operating expenses and net other costs. The company is actively managing debt, which suggests a focus on improving its financial structure. Investors should watch subsequent quarters for signs of sustainable profitability recovery and efficient cost control.

07/30/25 11:39 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Corsair Gaming's Financials

When does Corsair Gaming's fiscal year end?

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

How has Corsair Gaming's net income changed over the last 6 years?

Corsair Gaming's net income appears to be on a downward trend, with a most recent value of -$83.39 million in 2024, rising from -$13.72 million in 2018. The previous period was -$1.04 million in 2023. View Corsair Gaming's forecast to see where analysts expect Corsair Gaming to go next.

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's revenue changed over the last 6 years?

Over the last 6 years, Corsair Gaming's total revenue changed from $937.55 million in 2018 to $1.32 billion in 2024, a change of 40.4%.

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 26.9% decrease since 2019.

How much cash does Corsair Gaming have?

In the past 5 years, Corsair Gaming's cash and equivalents has ranged from $48.17 million in 2019 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 6 years?

Over the last 6 years, Corsair Gaming's book value per share changed from 0.00 in 2018 to 5.77 in 2024, a change of 577.2%.

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This page (NASDAQ:CRSR) was last updated on 7/30/2025 by MarketBeat.com Staff

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Corsair Gaming (CRSR) Financials

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Corsair Gaming (CRSR) Financials

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