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Corsair Gaming (CRSR) Financials

Corsair Gaming logo
$9.45 -0.18 (-1.87%)
Closing price 04:00 PM Eastern
Extended Trading
$9.62 +0.17 (+1.80%)
As of 07:40 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Corsair Gaming

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

Quarterly Income Statements for Corsair Gaming

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

Annual Cash Flow Statements for Corsair Gaming

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

Quarterly Cash Flow Statements for Corsair Gaming

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

Annual Balance Sheets for Corsair Gaming

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

Quarterly Balance Sheets for Corsair Gaming

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

Annual Metrics And Ratios for Corsair Gaming

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%

Quarterly Metrics And Ratios for Corsair Gaming

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’s Q1 2025 highlights mixed operational results. Revenue of $369.8 million was up 9.6% year-over-year but down 10.6% sequentially from Q4 2024. Gross margin improved modestly to 27.7%, yet higher operating expenses led to an operating loss of $2.3 million and a net loss of $10.3 million (EPS –$0.10). On the positive side, the company generated $18.8 million in operating cash flow and free cash flow to firm of $71.4 million, while net debt fell to $46.4 million.

Key takeaways for investors include:

  • Free cash flow to firm of $71.38 million and 2.85% annual growth indicate strong cash generation despite losses.
  • Gross margin expanded to 27.68% from 26.16% in Q4 2024, reflecting improved product profitability.
  • Net debt declined to $46.38 million (net debt/EBITDA 9.05x), easing leverage and reducing financial risk.
  • Altman Z-score rose to 2.11 from 1.91, moving comfortably above the 1.8 distress threshold.
  • Revenue growth was 9.63% year-over-year but revenue fell 10.6% sequentially, underscoring uneven demand.
  • R&D investment remains elevated at 4.77% of revenue, supporting future product development.
  • Price-to-revenue multiple increased to 0.69x from 0.53x, reflecting a higher valuation despite profitability pressures.
  • Operating loss of $2.26 million contrasts with a $5.92 million operating profit in Q4 2024.
  • Net loss widened to $10.32 million (–$0.10 per share) from a $2.73 million net income in the prior quarter.
  • Profitability metrics remain weak, with ROIC at –0.82% and net profit margin at –2.79%.
07/15/25 11:48 PMAI Generated. May Contain Errors.

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 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. 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'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%.



This page (NASDAQ:CRSR) was last updated on 7/15/2025 by MarketBeat.com Staff
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