Corsair Gaming (CRSR) Financials

$7.88 +0.79 (+11.14%)

Closing price 05/8/2026 04:00 PM Eastern

Extended Trading

$7.86 -0.02 (-0.32%)

As of 05/8/2026 07:41 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	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-14	-8.39	103	101	-54	-2.59	-85	-16
Consolidated Net Income / (Loss)	-14	-8.39	206	101	-54	-1.04	-83	-15
Net Income / (Loss) Continuing Operations	-14	-8.39	103	101	-54	-1.04	-83	-15
Total Pre-Tax Income	-11	-13	122	115	-64	-3.48	-62	-12
Total Operating Income	22	24	158	138	-55	9.69	-50	2.08
Total Gross Profit	193	224	465	514	297	360	328	426
Total Revenue	938	1,097	1,702	1,904	1,375	1,460	1,316	1,472
Operating Revenue	938	1,097	1,702	1,904	1,375	1,460	1,316	1,472
Total Cost of Revenue	745	873	1,237	1,390	1,078	1,100	989	1,047
Operating Cost of Revenue	745	873	1,237	1,390	1,078	1,100	989	1,047
Total Operating Expenses	171	201	307	376	351	351	378	424
Selling, General & Admin Expense	139	163	257	316	285	285	310	355
Research & Development Expense	32	38	50	60	66	65	68	69
Total Other Income / (Expense), net	-32	-37	-36	-23	-8.97	-13	-12	-14
Interest Expense	33	36	35	18	9.56	17	13	9.35
Interest & Investment Income	-	-	-	0.00	0.37	6.84	3.35	1.66
Other Income / (Expense), net	0.18	-1.56	-1.18	-5.66	0.21	-2.59	-1.84	-6.54
Income Tax Expense	3.01	-5.01	19	14	-9.82	-2.44	22	2.82
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	0.44	1.55	1.79	1.19
Basic Earnings per Share	$0.18	$0.11	$1.20	$1.08	($0.63)	$0.03	($0.95)	($0.12)
Weighted Average Basic Shares Outstanding	75.46M	76.22M	86.26M	93.26M	96.28M	102.48M	104.16M	106.01M
Diluted Earnings per Share	$0.18	$0.11	$1.14	$1.01	($0.63)	$0.03	($0.95)	($0.12)
Weighted Average Diluted Shares Outstanding	75.46M	76.22M	90.58M	100.00M	96.28M	106.28M	104.16M	106.01M
Weighted Average Basic & Diluted Shares Outstanding	-	-	91.90M	95.20M	101.49M	103.31M	104.86M	106.66M

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-4.48	-3.08	6.98	-12	-24	-52	2.29	-10	-21	-11	26
Consolidated Net Income / (Loss)	-4.08	-2.89	7.58	-11	-24	-52	2.73	-10	-20	-10	26
Net Income / (Loss) Continuing Operations	-4.08	-2.89	7.58	-11	-24	-52	2.73	-10	-20	-10	26
Total Pre-Tax Income	-6.37	-2.98	8.16	-13	-28	-25	3.22	-8.26	-21	-8.31	25
Total Operating Income	-2.71	-0.76	12	-10	-25	-21	5.92	-2.26	-17	-5.63	27
Total Gross Profit	83	89	103	87	63	70	108	102	86	93	145
Total Revenue	325	363	417	337	261	304	414	370	320	346	437
Operating Revenue	325	363	417	337	261	304	414	370	320	346	437
Total Cost of Revenue	243	274	315	251	198	235	305	267	234	253	292
Operating Cost of Revenue	243	274	315	251	198	235	305	267	234	253	292
Total Operating Expenses	86	90	91	97	88	91	102	105	103	99	118
Selling, General & Admin Expense	70	74	74	80	70	74	85	87	85	82	100
Research & Development Expense	16	16	17	17	17	17	17	18	18	17	17
Total Other Income / (Expense), net	-3.65	-2.23	-3.97	-2.59	-2.79	-3.62	-2.70	-5.99	-3.75	-2.69	-1.80
Interest Expense	4.50	4.27	4.35	3.69	3.44	3.01	3.07	2.68	2.48	2.05	2.15
Interest & Investment Income	1.98	1.74	1.65	1.57	1.16	0.30	0.33	0.63	0.58	0.20	0.25
Other Income / (Expense), net	-1.13	0.30	-1.26	-0.46	-0.52	-0.91	0.04	-3.95	-1.86	-0.83	0.10
Income Tax Expense	-2.29	-0.10	0.58	-1.78	-4.00	27	0.50	2.06	-0.37	2.08	-0.96
Net Income / (Loss) Attributable to Noncontrolling Interest	0.40	0.19	0.60	0.54	0.69	0.12	0.44	0.14	0.56	0.24	0.26
Basic Earnings per Share	$0.01	($0.03)	$0.06	($0.12)	($0.28)	($0.56)	$0.01	($0.10)	($0.16)	($0.09)	$0.23
Weighted Average Basic Shares Outstanding	102.30M	102.86M	102.48M	103.56M	103.96M	104.40M	104.16M	105.24M	105.86M	106.29M	106.01M
Diluted Earnings per Share	$0.01	($0.03)	$0.06	($0.12)	($0.28)	($0.56)	$0.01	($0.10)	($0.16)	($0.09)	$0.23
Weighted Average Diluted Shares Outstanding	106.50M	102.86M	106.28M	103.56M	103.96M	104.40M	104.16M	105.24M	105.86M	106.29M	106.01M
Weighted Average Basic & Diluted Shares Outstanding	102.78M	102.98M	103.31M	103.91M	104.15M	104.70M	104.86M	105.82M	106.04M	106.58M	106.66M

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	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	9.22	24	80	-68	89	25	-69	-11
Net Cash From Operating Activities	0.42	37	169	20	66	89	36	50
Net Cash From Continuing Operating Activities	0.42	37	169	20	66	89	36	50
Net Income / (Loss) Continuing Operations	-14	-8.39	103	101	-54	-1.04	-83	-15
Consolidated Net Income / (Loss)	-14	-8.39	103	101	-54	-1.04	-83	-15
Depreciation Expense	5.67	7.38	9.32	10	11	12	13	14
Amortization Expense	34	33	36	36	43	38	38	40
Non-Cash Adjustments To Reconcile Net Income	2.72	3.50	13	25	27	35	34	40
Changes in Operating Assets and Liabilities, net	-29	1.50	7.45	-153	40	4.36	34	-29
Net Cash From Investing Activities	-39	-145	-10	-21	-47	-27	-53	-15
Net Cash From Continuing Investing Activities	-39	-145	-10	-21	-47	-27	-53	-15
Purchase of Property, Plant & Equipment	-8.35	-8.85	-8.99	-11	-26	-13	-9.85	-15
Acquisitions	-30	-126	-1.29	-4.85	-20	-14	-43	0.00
Other Investing Activities, net	0.00	-10	0.00	-4.72	-1.19	0.00	0.00	0.00
Net Cash From Financing Activities	47	132	-79	-65	73	-37	-51	-49
Net Cash From Continuing Financing Activities	47	132	-79	-65	73	-37	-51	-49
Repayment of Debt	-4.92	-33	-191	-392	-711	-41	-50	-98
Repurchase of Common Equity	-3.31	-1.78	-8.46	0.00	-0.30	-0.50	0.00	0.00
Payment of Dividends	-85	-	0.00	0.00	-4.31	-0.98	-26	-0.49
Issuance of Debt	141	114	0.00	312	702	0.00	25	45
Issuance of Common Equity	0.00	54	120	15	89	7.45	5.38	5.64
Other Financing Activities, net	0.01	0.00	0.00	-0.40	-1.53	-2.36	-5.52	-1.21
Effect of Exchange Rate Changes	-	-	-	-2.44	-3.28	-0.28	-1.43	3.33
Cash Interest Paid	29	33	28	11	9.02	17	13	8.84
Cash Income Taxes Paid	6.12	0.57	14	41	14	7.38	5.10	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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	1.96	-36	31	-48	-36	-33	49	-7.10	4.92	-41	33
Net Cash From Operating Activities	2.15	-12	57	-26	-18	25	56	19	30	-37	38
Net Cash From Continuing Operating Activities	2.15	-12	57	-26	-18	25	56	19	30	-37	38
Net Income / (Loss) Continuing Operations	-4.08	-2.89	7.58	-11	-24	-52	2.73	-10	-20	-10	26
Consolidated Net Income / (Loss)	-4.08	-2.89	7.58	-11	-24	-52	2.73	-10	-20	-10	26
Depreciation Expense	3.04	3.08	3.19	3.09	3.09	3.31	3.96	3.37	3.35	3.48	3.76
Amortization Expense	9.76	9.51	9.48	9.52	9.50	9.57	9.87	9.78	9.85	10	10
Non-Cash Adjustments To Reconcile Net Income	10	8.04	9.40	8.45	8.63	8.83	7.76	15	11	5.18	8.53
Changes in Operating Assets and Liabilities, net	-17	-30	27	-36	-16	55	31	0.98	26	-45	-11
Net Cash From Investing Activities	-2.78	-18	-1.98	-1.48	-15	-34	-2.16	-3.07	-2.71	-4.34	-5.25
Net Cash From Continuing Investing Activities	-2.78	-18	-1.98	-1.48	-15	-34	-2.16	-3.07	-2.71	-4.34	-5.25
Purchase of Property, Plant & Equipment	-2.78	-3.33	-1.98	-2.52	-2.51	-3.32	-1.50	-3.07	-2.71	-4.34	-5.25
Net Cash From Financing Activities	2.78	-6.10	-24	-20	-2.19	-24	-4.06	-22	-25	-0.37	-1.48
Net Cash From Continuing Financing Activities	2.78	-6.10	-24	-20	-2.19	-24	-4.06	-22	-25	-0.37	-1.48
Repayment of Debt	-1.25	-5.00	-25	-15	-3.13	-25	-7.25	-25	-24	-14	-35
Issuance of Debt	-	-	-	-	-	-	3.50	-	-	-	34
Issuance of Common Equity	4.26	0.41	0.66	2.35	0.95	1.81	0.27	3.44	0.00	2.05	0.15
Other Financing Activities, net	-0.23	-0.53	-0.09	-5.34	-0.02	-0.15	-0.01	-0.39	-0.59	-0.16	-0.06
Effect of Exchange Rate Changes	-0.19	-0.68	-	-0.64	-0.02	0.54	-	-0.53	2.22	0.30	1.34
Cash Interest Paid	4.17	4.39	4.03	3.55	3.33	2.95	2.96	2.46	2.40	1.95	2.03
Cash Income Taxes Paid	1.09	3.92	2.92	0.63	3.15	1.45	-0.12	1.55	4.82	4.63	-0.87

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	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,060	1,314	1,337	1,297	1,357	1,236	1,254
Total Current Assets	430	691	706	623	712	623	665
Cash & Equivalents	48	130	62	151	176	107	97
Restricted Cash	3.55	3.80	2.73	2.65	2.71	2.37	1.40
Accounts Receivable	202	294	291	236	253	219	234
Inventories, net	151	226	298	193	240	260	303
Prepaid Expenses	25	38	51	41	40	35	30
Plant, Property, & Equipment, net	15	16	17	35	32	30	32
Total Noncurrent Assets	615	607	615	640	614	583	557
Goodwill	313	313	317	348	355	354	358
Intangible Assets	291	259	226	216	188	164	125
Other Noncurrent Operating Assets	11	35	72	76	71	64	74
Total Liabilities & Shareholders' Equity	1,060	1,314	1,337	1,297	1,357	1,236	1,254
Total Liabilities	843	877	769	642	663	616	608
Total Current Liabilities	300	505	447	343	418	396	431
Short-Term Debt	2.36	0.00	4.75	6.50	12	12	6.12
Accounts Payable	182	300	236	172	240	207	213
Accrued Expenses	116	206	206	164	166	177	212
Total Noncurrent Liabilities	543	371	322	299	245	220	177
Long-Term Debt	503	321	243	232	186	161	115
Noncurrent Deferred & Payable Income Tax Liabilities	34	30	26	18	17	7.38	6.07
Other Noncurrent Operating Liabilities	5.75	20	54	49	42	51	56
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	0.00	21	16	15	12
Total Equity & Noncontrolling Interests	217	437	568	634	678	604	634
Total Preferred & Common Equity	217	437	568	624	668	604	634
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	217	437	568	624	668	604	634
Common Stock	325	439	470	593	631	668	705
Retained Earnings	-106	-2.81	98	37	40	-59	-71
Accumulated Other Comprehensive Income / (Loss)	-2.17	1.53	-0.34	-6.88	-3.49	-4.56	-0.59

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	Q2 2025	Q3 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	6/30/2025	9/30/2025
Total Assets	1,232	1,183	1,297	1,319	1,338	1,257	1,234	1,203	1,239	1,222	1,198
Total Current Assets	555	515	633	662	679	621	580	572	633	617	608
Cash & Equivalents	36	57	179	181	145	128	92	59	100	105	64
Restricted Cash	2.62	4.18	2.67	2.68	2.64	2.17	2.17	2.45	2.44	2.58	1.40
Accounts Receivable	170	156	221	220	251	205	189	178	219	179	192
Inventories, net	293	250	188	213	236	252	266	293	277	296	314
Prepaid Expenses	53	48	42	45	45	35	31	39	35	35	36
Plant, Property, & Equipment, net	23	27	34	34	33	31	31	32	28	29	31
Total Noncurrent Assets	655	641	630	624	626	605	624	599	578	576	560
Goodwill	348	346	348	349	355	354	354	358	355	360	358
Intangible Assets	236	224	207	198	196	178	169	175	155	146	136
Other Noncurrent Operating Assets	70	71	75	77	74	72	101	66	68	70	67
Total Liabilities & Shareholders' Equity	1,232	1,183	1,297	1,319	1,338	1,257	1,234	1,203	1,239	1,222	1,198
Total Liabilities	670	628	633	645	663	568	560	590	616	607	588
Total Current Liabilities	357	325	349	366	395	342	323	361	417	426	410
Short-Term Debt	4.71	4.66	8.37	10	12	12	12	12	12	6.12	6.12
Accounts Payable	194	162	188	196	215	191	168	191	240	258	246
Accrued Expenses	158	158	152	159	167	138	143	158	165	162	158
Total Noncurrent Liabilities	313	303	284	279	269	226	237	229	199	181	178
Long-Term Debt	240	239	220	217	211	171	168	165	136	118	117
Noncurrent Deferred & Payable Income Tax Liabilities	23	16	18	17	15	14	11	8.39	7.36	7.95	8.11
Other Noncurrent Operating Liabilities	49	48	46	45	43	41	58	55	55	54	53
Commitments & Contingencies	0.00	0.00	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	11	10
Total Equity & Noncontrolling Interests	536	527	644	659	660	673	653	598	609	604	600
Total Preferred & Common Equity	525	516	633	648	650	664	643	598	609	604	600
Preferred Stock	0.00	0.00	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	604	600
Common Stock	499	505	602	615	622	640	649	660	680	689	696
Retained Earnings	34	25	36	37	34	28	-1.71	-60	-69	-86	-95
Accumulated Other Comprehensive Income / (Loss)	-7.66	-13	-5.28	-3.76	-6.70	-4.63	-4.81	-1.32	-2.44	0.89	-0.37

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

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	106,575,210.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	106,575,210.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-0.15
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	17.03%	55.16%	11.85%	-27.78%	6.17%	-9.83%	11.86%
EBITDA Growth	0.00%	1.11%	223.99%	-11.91%	-100.59%	5,568.31%	-99.83%	50,133.33%
EBIT Growth	0.00%	0.80%	609.64%	-15.87%	-141.28%	113.01%	-829.34%	91.39%
NOPAT Growth	0.00%	8.80%	707.08%	-9.27%	-131.56%	117.68%	-615.57%	104.16%
Net Income Growth	0.00%	38.82%	2,559.30%	-51.09%	-153.43%	98.08%	-7,941.85%	82.06%
EPS Growth	0.00%	-38.89%	936.36%	-11.40%	-162.38%	104.76%	-3,266.67%	87.37%
Operating Cash Flow Growth	0.00%	8,692.18%	355.36%	-88.05%	228.79%	34.29%	-59.76%	39.70%
Free Cash Flow Firm Growth	0.00%	0.00%	127.41%	-102.07%	-652.61%	218.82%	-114.22%	450.35%
Invested Capital Growth	0.00%	0.00%	-6.77%	20.02%	-1.39%	-3.57%	-4.24%	-2.21%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-2.34%	-7.52%	1.29%	-0.28%	1.60%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-16.19%	-110.63%	-1.40%	-97.82%	75.80%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-20.58%	-26.46%	-14.39%	-10.44%	82.50%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-14.64%	-26.55%	-13.53%	-14.17%	110.99%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-54.99%	-41.49%	30.64%	-6.17%	60.91%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-18.55%	-21.15%	-70.00%	-5.56%	64.71%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	23.96%	-78.45%	64.85%	67.24%	-4.11%	-25.75%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	51.63%	794.99%	50.32%	-65.43%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	5.77%	0.41%	-4.80%	-6.19%	0.13%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	20.55%	20.44%	27.34%	26.99%	21.57%	24.68%	24.89%	28.92%
EBITDA Margin	6.61%	5.71%	11.92%	9.39%	-0.08%	3.96%	0.01%	3.38%
Operating Margin	2.32%	2.16%	9.30%	7.24%	-3.98%	0.66%	-3.79%	0.14%
EBIT Margin	2.34%	2.02%	9.23%	6.94%	-3.97%	0.49%	-3.93%	-0.30%
Profit (Net Income) Margin	-1.46%	-0.77%	12.13%	5.30%	-3.92%	-0.07%	-6.34%	-1.02%
Tax Burden Percent	128.14%	62.65%	169.15%	88.13%	84.60%	29.81%	135.25%	123.18%
Interest Burden Percent	-48.73%	-60.49%	77.65%	86.64%	116.83%	-48.99%	119.04%	272.46%
Effective Tax Rate	0.00%	0.00%	15.43%	11.87%	0.00%	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%	0.22%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-6.06%	43.24%	6.56%	-16.81%	-14.00%	-120.27%	-37.57%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-12.69%	42.45%	2.42%	-3.67%	-1.09%	-7.69%	-2.58%
Return on Equity (ROE)	0.00%	-7.74%	63.11%	20.08%	-8.82%	-0.15%	-12.70%	-2.37%
Cash Return on Invested Capital (CROIC)	0.00%	-195.05%	27.67%	-0.54%	-3.75%	4.57%	-0.68%	2.45%
Operating Return on Assets (OROA)	0.00%	2.09%	13.24%	9.97%	-4.14%	0.54%	-3.99%	-0.36%
Return on Assets (ROA)	0.00%	-0.79%	17.39%	7.62%	-4.10%	-0.08%	-6.43%	-1.20%
Return on Common Equity (ROCE)	0.00%	-7.74%	63.11%	20.08%	-8.59%	-0.15%	-12.30%	-2.31%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-3.87%	47.20%	17.77%	-8.65%	-0.16%	-13.80%	0.00%
Net Operating Profit after Tax (NOPAT)	15	17	134	122	-38	6.78	-35	1.45
NOPAT Margin	1.63%	1.51%	7.87%	6.38%	-2.79%	0.46%	-2.66%	0.10%
Net Nonoperating Expense Percent (NNEP)	0.00%	11.01%	-22.58%	11.10%	11.66%	14.94%	115.27%	37.78%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-4.39%	0.77%	-4.50%	0.19%
Cost of Revenue to Revenue	79.45%	79.56%	72.66%	73.01%	78.43%	75.32%	75.11%	71.08%
SG&A Expenses to Revenue	14.82%	14.86%	15.10%	16.58%	20.72%	19.54%	23.55%	24.09%
R&D to Revenue	3.41%	3.42%	2.94%	3.17%	4.84%	4.47%	5.13%	4.70%
Operating Expenses to Revenue	18.23%	18.28%	18.04%	19.75%	25.56%	24.01%	28.68%	28.78%
Earnings before Interest and Taxes (EBIT)	22	22	157	132	-55	7.10	-52	-4.46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	62	63	203	179	-1.06	58	0.10	50
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.10	7.61	3.49	2.09	2.18	1.15	1.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	77.99	21.77	11.63	8.07	4.20
Price to Revenue (P/Rev)	0.25	0.22	1.96	1.04	0.95	0.99	0.53	0.43
Price to Earnings (P/E)	0.00	0.00	32.26	19.63	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%
Earnings Yield	0.00%	0.00%	3.10%	5.09%	0.00%	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	1.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.63	2.07	1.14	1.03	1.03	0.59	0.45
Enterprise Value to EBITDA (EV/EBITDA)	0.00	11.05	17.33	12.11	0.00	25.92	7,791.64	13.43
Enterprise Value to EBIT (EV/EBIT)	0.00	31.25	22.38	16.37	0.00	210.97	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	41.71	26.26	17.81	0.00	220.91	0.00	459.68
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	18.65	20.82	107.20	21.37	16.81	21.50	13.33
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	19.61	0.00	0.00	45.12	0.00	40.37
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	2.33	0.73	0.44	0.36	0.29	0.28	0.19
Long-Term Debt to Equity	0.00	2.32	0.73	0.43	0.35	0.27	0.26	0.18
Financial Leverage	0.00	2.09	0.98	0.37	0.22	0.08	0.06	0.07
Leverage Ratio	0.00	4.89	3.63	2.64	2.15	1.97	1.97	1.97
Compound Leverage Factor	0.00	-2.96	2.82	2.28	2.52	-0.96	2.35	5.36
Debt to Total Capital	0.00%	70.00%	42.36%	30.36%	26.69%	22.21%	21.88%	15.82%
Short-Term Debt to Total Capital	0.00%	0.33%	0.00%	0.58%	0.73%	1.37%	1.54%	0.80%
Long-Term Debt to Total Capital	0.00%	69.67%	42.36%	29.77%	25.97%	20.85%	20.34%	15.02%
Preferred Equity to Total Capital	0.00%	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%	1.59%
Common Equity to Total Capital	0.00%	30.00%	57.64%	69.64%	69.77%	74.83%	76.21%	82.59%
Debt to EBITDA	0.00	8.07	1.58	1.39	-225.79	3.43	1,752.92	2.44
Net Debt to EBITDA	0.00	7.25	0.93	1.02	-80.26	0.34	648.02	0.46
Long-Term Debt to EBITDA	0.00	8.04	1.58	1.36	-219.65	3.22	1,629.39	2.32
Debt to NOPAT	0.00	30.48	2.40	2.04	-6.22	29.22	-4.96	83.50
Net Debt to NOPAT	0.00	27.36	1.40	1.50	-2.21	2.93	-1.83	15.66
Long-Term Debt to NOPAT	0.00	30.34	2.40	2.00	-6.05	27.43	-4.61	79.29
Altman Z-Score	0.00	1.28	4.14	3.63	2.44	2.71	1.75	1.93
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	2.58%	4.30%	3.16%	2.16%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.43	1.37	1.58	1.82	1.70	1.57	1.54
Quick Ratio	0.00	0.84	0.84	0.79	1.13	1.02	0.82	0.77
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-654	179	-3.71	-28	33	-4.72	17
Operating Cash Flow to CapEx	5.06%	419.34%	1,879.55%	184.00%	252.29%	698.64%	364.27%	326.01%
Free Cash Flow to Firm to Interest Expense	0.00	-18.41	5.10	-0.21	-2.92	1.91	-0.36	1.77
Operating Cash Flow to Interest Expense	0.01	1.04	4.81	1.14	6.94	5.12	2.72	5.36
Operating Cash Flow Less CapEx to Interest Expense	-0.24	0.79	4.55	0.52	4.19	4.39	1.97	3.72
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.04	1.43	1.44	1.04	1.10	1.02	1.18
Accounts Receivable Turnover	0.00	5.42	6.86	6.51	5.22	5.97	5.58	6.51
Inventory Turnover	0.00	5.78	6.56	5.30	4.39	5.08	3.95	3.72
Fixed Asset Turnover	0.00	71.41	106.93	114.38	53.15	43.49	42.50	48.08
Accounts Payable Turnover	0.00	4.80	5.14	5.19	5.28	5.34	4.42	4.99
Days Sales Outstanding (DSO)	0.00	67.31	53.17	56.06	69.93	61.12	65.43	56.09
Days Inventory Outstanding (DIO)	0.00	63.17	55.63	68.83	83.09	71.85	92.31	98.23
Days Payable Outstanding (DPO)	0.00	76.11	71.07	70.33	69.07	68.38	82.53	73.20
Cash Conversion Cycle (CCC)	0.00	54.36	37.74	54.56	83.96	64.59	75.20	81.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	671	625	751	740	714	684	669
Invested Capital Turnover	0.00	3.27	2.63	2.77	1.84	2.01	1.88	2.18
Increase / (Decrease) in Invested Capital	0.00	671	-45	125	-10	-26	-30	-15
Enterprise Value (EV)	0.00	692	3,518	2,165	1,419	1,498	771	668
Market Capitalization	238	238	3,329	1,982	1,303	1,452	692	633
Book Value per Share	$0.00	$2.84	$4.76	$6.02	$6.50	$6.48	$5.77	$5.94
Tangible Book Value per Share	$0.00	($5.08)	($1.47)	$0.27	$0.62	$1.21	$0.82	$1.41
Total Capital	0.00	723	759	816	894	892	793	767
Total Debt	0.00	506	321	248	239	198	174	121
Total Long-Term Debt	0.00	503	321	243	232	186	161	115
Net Debt	0.00	454	188	183	85	20	64	23
Capital Expenditures (CapEx)	8.35	8.85	8.99	11	26	13	9.85	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	81	52	199	132	127	130	142
Debt-free Net Working Capital (DFNWC)	0.00	132	186	264	286	305	239	241
Net Working Capital (NWC)	0.00	130	186	259	280	293	227	235
Net Nonoperating Expense (NNE)	29	25	-73	21	16	7.82	48	16
Net Nonoperating Obligations (NNO)	0.00	454	188	183	85	20	64	23
Total Depreciation and Amortization (D&A)	40	40	46	47	54	51	52	54
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	7.34%	3.07%	10.43%	9.63%	8.70%	9.87%	9.65%
Debt-free Net Working Capital to Revenue	0.00%	12.05%	10.90%	13.85%	20.82%	20.91%	18.18%	16.34%
Net Working Capital to Revenue	0.00%	11.84%	10.90%	13.60%	20.35%	20.08%	17.25%	15.93%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$1.20	$1.08	($0.63)	$0.03	($0.95)	($0.12)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	86.26M	93.26M	96.28M	102.48M	104.16M	106.01M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.14	$1.01	($0.63)	$0.03	($0.95)	($0.12)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	90.58M	100.00M	96.28M	106.28M	104.16M	106.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$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	106.66M
Normalized Net Operating Profit after Tax (NOPAT)	15	17	134	122	-38	6.78	-35	1.45
Normalized NOPAT Margin	1.63%	1.51%	7.87%	6.38%	-2.79%	0.46%	-2.66%	0.10%
Pre Tax Income Margin	-1.14%	-1.22%	7.17%	6.02%	-4.64%	-0.24%	-4.68%	-0.83%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.67	0.62	4.47	7.48	-5.71	0.41	-3.92	-0.48
NOPAT to Interest Expense	0.47	0.47	3.81	6.88	-4.01	0.39	-2.65	0.16
EBIT Less CapEx to Interest Expense	0.42	0.37	4.22	6.86	-8.46	-0.32	-4.67	-2.12
NOPAT Less CapEx to Interest Expense	0.21	0.22	3.56	6.26	-6.76	-0.34	-3.39	-1.49
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-619.53%	0.00%	0.00%	0.00%	-7.99%	-94.50%	-30.63%	-3.30%
Augmented Payout Ratio	-643.64%	-21.16%	4.10%	0.00%	-8.54%	-142.43%	-30.63%	-3.30%

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	106,575,210.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	106,575,210.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.24
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.63%	16.49%	4.65%	-4.72%	-19.71%	-16.24%	-0.88%	9.63%	22.51%	13.66%	5.62%
EBITDA Growth	123.33%	239.75%	-1.76%	-85.42%	-241.26%	-173.95%	-15.94%	261.34%	55.88%	179.47%	108.36%
EBIT Growth	92.92%	95.13%	-9.90%	-2,074.12%	-555.67%	-4,713.66%	-45.08%	41.85%	25.57%	70.46%	352.33%
NOPAT Growth	95.06%	93.10%	-0.72%	-1,085.44%	-810.61%	-2,663.06%	-55.49%	77.86%	31.52%	73.13%	456.96%
Net Income Growth	92.13%	51.46%	6.43%	-569.24%	-476.29%	-1,687.46%	-63.99%	6.46%	13.62%	79.86%	854.91%
EPS Growth	101.61%	66.67%	-53.85%	-1,100.00%	-2,900.00%	-1,766.67%	-83.33%	16.67%	42.86%	83.93%	2,200.00%
Operating Cash Flow Growth	-86.72%	-133.95%	168.71%	-162.92%	-960.30%	310.72%	-2.69%	171.25%	263.54%	-247.37%	-31.30%
Free Cash Flow Firm Growth	133.77%	62.60%	73.23%	-133.30%	-221.45%	149.11%	-6.43%	285.25%	293.89%	784.71%	21.98%
Invested Capital Growth	-6.66%	1.71%	-3.57%	4.41%	5.94%	-2.82%	-4.24%	-9.82%	-16.83%	-8.38%	-2.21%
Revenue Q/Q Growth	-8.06%	11.60%	14.89%	-19.18%	-22.52%	16.42%	35.97%	-10.61%	-13.42%	8.01%	26.35%
EBITDA Q/Q Growth	-32.13%	35.67%	93.97%	-92.06%	-757.44%	28.98%	320.49%	-64.90%	-180.27%	227.93%	478.08%
EBIT Q/Q Growth	-811.28%	88.20%	2,492.73%	-198.32%	-136.24%	13.38%	127.30%	-204.09%	-202.40%	65.62%	518.00%
NOPAT Q/Q Growth	-361.72%	72.07%	2,222.21%	-163.53%	-141.84%	15.25%	134.18%	-131.61%	-647.81%	66.75%	808.66%
Net Income Q/Q Growth	-147.51%	29.25%	362.51%	-245.58%	-113.14%	-119.45%	105.29%	-478.19%	-96.82%	48.82%	350.67%
EPS Q/Q Growth	200.00%	-400.00%	300.00%	-300.00%	-133.33%	-100.00%	101.79%	-1,100.00%	-60.00%	43.75%	355.56%
Operating Cash Flow Q/Q Growth	-94.87%	-655.08%	579.29%	-146.10%	29.85%	235.96%	121.33%	-66.25%	61.03%	-222.52%	203.18%
Free Cash Flow Firm Q/Q Growth	-57.38%	-126.67%	386.52%	-202.25%	-55.46%	110.78%	445.84%	102.45%	62.71%	-50.80%	-24.74%
Invested Capital Q/Q Growth	0.91%	4.47%	-4.80%	4.03%	2.39%	-4.16%	-6.19%	-2.04%	-5.57%	5.58%	0.13%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.45%	24.60%	24.61%	25.69%	24.14%	22.90%	26.16%	27.68%	26.83%	26.92%	33.09%
EBITDA Margin	2.75%	3.34%	5.64%	0.57%	-4.84%	-2.95%	4.78%	1.88%	-1.74%	2.06%	9.44%
Operating Margin	-0.83%	-0.21%	2.91%	-3.03%	-9.46%	-6.89%	1.43%	-0.61%	-5.29%	-1.63%	6.16%
EBIT Margin	-1.18%	-0.13%	2.60%	-3.17%	-9.66%	-7.18%	1.44%	-1.68%	-5.87%	-1.87%	6.18%
Profit (Net Income) Margin	-1.25%	-0.79%	1.82%	-3.27%	-9.00%	-16.96%	0.66%	-2.79%	-6.34%	-3.01%	5.96%
Tax Burden Percent	64.07%	96.75%	92.88%	86.12%	85.46%	209.97%	84.62%	124.96%	98.22%	125.02%	103.81%
Interest Burden Percent	165.44%	657.05%	75.09%	119.91%	109.03%	112.42%	54.04%	132.95%	110.10%	128.75%	92.99%
Effective Tax Rate	0.00%	0.00%	7.12%	0.00%	0.00%	0.00%	15.38%	0.00%	0.00%	0.00%	-3.81%
Return on Invested Capital (ROIC)	-1.09%	-0.28%	5.42%	-4.21%	-12.35%	-8.61%	2.28%	-0.82%	-7.48%	-2.36%	13.92%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.83%	-2.11%	-1.62%	-11.94%	-21.92%	-47.27%	-3.15%	-18.33%	-23.89%	-9.83%	9.63%
Return on Net Nonoperating Assets (RNNOA)	-0.57%	-0.44%	-0.13%	-0.88%	-2.11%	-7.01%	-0.20%	-1.39%	-1.91%	-1.39%	0.66%
Return on Equity (ROE)	-1.67%	-0.73%	5.29%	-5.10%	-14.46%	-15.62%	2.08%	-2.21%	-9.39%	-3.75%	14.58%
Cash Return on Invested Capital (CROIC)	6.98%	-0.64%	4.57%	-4.47%	-8.00%	-1.29%	-0.68%	6.17%	14.94%	6.86%	2.45%
Operating Return on Assets (OROA)	-1.29%	-0.14%	2.86%	-3.58%	-10.43%	-7.46%	1.46%	-1.81%	-6.72%	-2.25%	7.31%
Return on Assets (ROA)	-1.37%	-0.91%	2.00%	-3.70%	-9.72%	-17.62%	0.67%	-3.02%	-7.27%	-3.63%	7.05%
Return on Common Equity (ROCE)	-1.58%	-0.69%	5.07%	-4.88%	-13.85%	-15.14%	2.02%	-2.14%	-9.08%	-3.68%	14.26%
Return on Equity Simple (ROE_SIMPLE)	-0.70%	-0.23%	0.00%	-1.57%	-4.64%	-13.12%	0.00%	-13.58%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-1.90	-0.53	11	-7.15	-17	-15	5.01	-1.58	-12	-3.94	28
NOPAT Margin	-0.58%	-0.15%	2.70%	-2.12%	-6.62%	-4.82%	1.21%	-0.43%	-3.70%	-1.14%	6.39%
Net Nonoperating Expense Percent (NNEP)	1.74%	1.83%	7.04%	7.73%	9.57%	38.66%	5.44%	17.51%	16.41%	7.46%	4.29%
Return On Investment Capital (ROIC_SIMPLE)	-	-	1.29%	-	-	-	0.64%	-0.21%	-1.63%	-0.54%	3.70%
Cost of Revenue to Revenue	74.55%	75.40%	75.39%	74.31%	75.86%	77.10%	73.84%	72.32%	73.17%	73.08%	66.91%
SG&A Expenses to Revenue	21.50%	20.37%	17.69%	23.79%	26.94%	24.35%	20.63%	23.53%	26.64%	23.72%	22.97%
R&D to Revenue	4.79%	4.44%	4.01%	4.93%	6.66%	5.43%	4.10%	4.77%	5.47%	4.83%	3.96%
Operating Expenses to Revenue	26.29%	24.81%	21.70%	28.72%	33.60%	29.78%	24.73%	28.30%	32.11%	28.55%	26.93%
Earnings before Interest and Taxes (EBIT)	-3.85	-0.45	11	-11	-25	-22	5.97	-6.21	-19	-6.46	27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8.95	12	24	1.92	-13	-8.97	20	6.95	-5.58	7.13	41
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.79	2.30	2.18	1.92	1.78	1.21	1.15	1.53	1.65	1.58	1.00
Price to Tangible Book Value (P/TBV)	17.76	15.15	11.63	9.70	9.59	11.05	8.07	9.40	10.19	8.87	4.20
Price to Revenue (P/Rev)	1.30	1.04	0.99	0.88	0.83	0.55	0.53	0.69	0.71	0.65	0.43
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)	2.62	2.12	2.10	1.82	1.66	1.17	1.13	1.48	1.62	1.52	1.00
Enterprise Value to Revenue (EV/Rev)	1.35	1.11	1.03	0.94	0.92	0.65	0.59	0.73	0.73	0.70	0.45
Enterprise Value to EBITDA (EV/EBITDA)	37.56	27.18	25.92	28.59	49.33	188.72	7,791.64	193.27	84.25	35.82	13.43
Enterprise Value to EBIT (EV/EBIT)	0.00	192.06	210.97	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	2,754.75	203.14	220.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00	459.68
Enterprise Value to Operating Cash Flow (EV/OCF)	18.74	29.89	16.81	64.25	3,146.12	22.85	21.50	12.23	7.92	15.01	13.33
Enterprise Value to Free Cash Flow (EV/FCFF)	36.22	0.00	45.12	0.00	0.00	0.00	0.00	22.72	9.87	21.17	40.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.33	0.29	0.27	0.27	0.29	0.28	0.24	0.20	0.20	0.19
Long-Term Debt to Equity	0.32	0.31	0.27	0.25	0.25	0.27	0.26	0.22	0.19	0.19	0.18
Financial Leverage	0.20	0.21	0.08	0.07	0.10	0.15	0.06	0.08	0.08	0.14	0.07
Leverage Ratio	2.06	2.05	1.97	1.89	1.89	1.97	1.97	1.90	1.90	1.96	1.97
Compound Leverage Factor	3.41	13.47	1.48	2.26	2.06	2.22	1.07	2.53	2.10	2.53	1.83
Debt to Total Capital	25.25%	24.82%	22.21%	21.01%	21.09%	22.43%	21.88%	19.26%	16.82%	16.75%	15.82%
Short-Term Debt to Total Capital	1.14%	1.35%	1.37%	1.40%	1.43%	1.55%	1.54%	1.59%	0.83%	0.83%	0.80%
Long-Term Debt to Total Capital	24.11%	23.47%	20.85%	19.61%	19.66%	20.88%	20.34%	17.67%	15.99%	15.92%	15.02%
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	2.85%	2.76%	2.96%	2.95%	3.71%	1.82%	1.91%	1.88%	1.52%	1.41%	1.59%
Common Equity to Total Capital	71.90%	72.43%	74.83%	76.04%	75.20%	75.75%	76.21%	78.86%	81.66%	81.84%	82.59%
Debt to EBITDA	4.55	3.80	3.43	3.88	7.03	39.11	1,752.92	29.02	10.21	4.34	2.44
Net Debt to EBITDA	0.88	1.28	0.34	1.13	3.35	25.57	648.02	9.05	1.41	2.02	0.46
Long-Term Debt to EBITDA	4.34	3.59	3.22	3.62	6.55	36.41	1,629.39	26.63	9.71	4.13	2.32
Debt to NOPAT	333.49	28.39	29.22	-167.12	-10.93	-5.79	-4.96	-5.06	-5.20	-9.29	83.50
Net Debt to NOPAT	64.22	9.58	2.93	-48.66	-5.21	-3.78	-1.83	-1.58	-0.72	-4.32	15.66
Long-Term Debt to NOPAT	318.47	26.85	27.43	-155.99	-10.19	-5.39	-4.61	-4.64	-4.94	-8.83	79.29
Altman Z-Score	3.04	2.72	2.72	2.76	2.53	1.92	1.91	2.11	2.18	2.24	2.02
Noncontrolling Interest Sharing Ratio	5.13%	5.17%	4.30%	4.19%	4.26%	3.04%	3.16%	3.07%	3.33%	2.02%	2.16%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.81	1.72	1.70	1.82	1.80	1.58	1.57	1.52	1.45	1.48	1.54
Quick Ratio	1.10	1.00	1.02	0.97	0.87	0.66	0.82	0.76	0.67	0.63	0.77
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	49	-13	38	-39	-60	6.46	35	71	116	57	43
Operating Cash Flow to CapEx	77.19%	-358.04%	2,887.86%	-1,044.33%	-735.83%	755.60%	3,708.61%	610.35%	1,112.90%	-852.52%	727.03%
Free Cash Flow to Firm to Interest Expense	10.97	-3.08	8.66	-10.44	-17.43	2.15	11.49	26.67	46.91	27.83	20.05
Operating Cash Flow to Interest Expense	0.48	-2.79	13.12	-7.13	-5.37	8.34	18.10	7.01	12.19	-18.02	17.79
Operating Cash Flow Less CapEx to Interest Expense	-0.14	-3.57	12.67	-7.81	-6.10	7.23	17.61	5.86	11.10	-20.13	15.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.09	1.14	1.10	1.13	1.08	1.04	1.02	1.08	1.15	1.21	1.18
Accounts Receivable Turnover	7.12	7.08	5.97	6.78	6.75	6.15	5.58	6.36	7.65	7.83	6.51
Inventory Turnover	4.17	4.47	5.08	4.91	4.34	3.78	3.95	3.80	3.71	3.49	3.72
Fixed Asset Turnover	49.47	48.22	43.49	44.19	42.73	40.50	42.50	45.24	47.10	46.16	48.08
Accounts Payable Turnover	5.40	5.75	5.34	5.70	5.70	4.92	4.42	4.66	4.90	4.85	4.99
Days Sales Outstanding (DSO)	51.28	51.58	61.12	53.86	54.10	59.34	65.43	57.38	47.68	46.59	56.09
Days Inventory Outstanding (DIO)	87.61	81.60	71.85	74.28	84.11	96.66	92.31	95.93	98.32	104.62	98.23
Days Payable Outstanding (DPO)	67.61	63.47	68.38	64.02	64.02	74.26	82.53	78.32	74.51	75.22	73.20
Cash Conversion Cycle (CCC)	71.28	69.71	64.59	64.12	74.19	81.74	75.20	75.00	71.49	75.98	81.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	718	750	714	743	760	729	684	670	632	668	669
Invested Capital Turnover	1.87	1.94	2.01	1.99	1.87	1.79	1.88	1.91	2.02	2.08	2.18
Increase / (Decrease) in Invested Capital	-51	13	-26	31	43	-21	-30	-73	-128	-61	-15
Enterprise Value (EV)	1,880	1,593	1,498	1,350	1,265	855	771	990	1,026	1,013	668
Market Capitalization	1,811	1,493	1,452	1,271	1,147	725	692	929	998	946	633
Book Value per Share	$6.35	$6.32	$6.48	$6.41	$6.19	$5.75	$5.77	$5.81	$5.71	$5.66	$5.94
Tangible Book Value per Share	$1.00	$0.96	$1.21	$1.26	$1.15	$0.63	$0.82	$0.94	$0.93	$1.01	$1.41
Total Capital	902	897	892	873	855	790	793	772	740	733	767
Total Debt	228	223	198	183	180	177	174	149	124	123	121
Total Long-Term Debt	217	211	186	171	168	165	161	136	118	117	115
Net Debt	44	75	20	53	86	116	64	46	17	57	23
Capital Expenditures (CapEx)	2.78	3.33	1.98	2.52	2.51	3.32	1.50	3.07	2.71	4.34	5.25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	122	149	127	161	175	161	130	126	90	138	142
Debt-free Net Working Capital (DFNWC)	306	297	305	291	269	223	239	228	197	204	241
Net Working Capital (NWC)	296	285	293	279	257	210	227	216	191	198	235
Net Nonoperating Expense (NNE)	2.18	2.36	3.68	3.88	6.21	37	2.28	8.73	8.46	6.45	1.86
Net Nonoperating Obligations (NNO)	44	75	20	53	86	116	64	46	17	57	23
Total Depreciation and Amortization (D&A)	13	13	13	13	13	13	14	13	13	14	14
Debt-free, Cash-free Net Working Capital to Revenue	8.81%	10.36%	8.70%	11.18%	12.67%	12.22%	9.87%	9.35%	6.39%	9.52%	9.65%
Debt-free Net Working Capital to Revenue	22.03%	20.59%	20.91%	20.18%	19.51%	16.87%	18.18%	16.94%	14.01%	14.06%	16.34%
Net Working Capital to Revenue	21.29%	19.75%	20.08%	19.34%	18.63%	15.94%	17.25%	16.03%	13.57%	13.64%	15.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.01	($0.03)	$0.06	($0.12)	($0.28)	($0.56)	$0.01	($0.10)	($0.16)	($0.09)	$0.23
Adjusted Weighted Average Basic Shares Outstanding	102.30M	102.86M	102.48M	103.56M	103.96M	104.40M	104.16M	105.24M	105.86M	106.29M	106.01M
Adjusted Diluted Earnings per Share	$0.01	($0.03)	$0.06	($0.12)	($0.28)	($0.56)	$0.01	($0.10)	($0.16)	($0.09)	$0.23
Adjusted Weighted Average Diluted Shares Outstanding	106.50M	102.86M	106.28M	103.56M	103.96M	104.40M	104.16M	105.24M	105.86M	106.29M	106.01M
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	102.78M	102.98M	103.31M	103.91M	104.15M	104.70M	104.86M	105.82M	106.04M	106.58M	106.66M
Normalized Net Operating Profit after Tax (NOPAT)	-1.90	-0.53	11	-7.15	-17	-15	5.01	-1.58	-12	-3.94	19
Normalized NOPAT Margin	-0.58%	-0.15%	2.70%	-2.12%	-6.62%	-4.82%	1.21%	-0.43%	-3.70%	-1.14%	4.31%
Pre Tax Income Margin	-1.96%	-0.82%	1.95%	-3.80%	-10.53%	-8.08%	0.78%	-2.23%	-6.46%	-2.40%	5.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.86	-0.11	2.50	-2.89	-7.34	-7.26	1.94	-2.32	-7.58	-3.14	12.58
NOPAT to Interest Expense	-0.42	-0.12	2.59	-1.94	-5.03	-4.87	1.63	-0.59	-4.78	-1.92	13.01
EBIT Less CapEx to Interest Expense	-1.47	-0.89	2.04	-3.58	-8.07	-8.36	1.46	-3.47	-8.68	-5.26	10.13
NOPAT Less CapEx to Interest Expense	-1.04	-0.90	2.13	-2.62	-5.77	-5.97	1.14	-1.74	-5.88	-4.03	10.57
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-94.69%	-206.49%	-94.50%	-28.22%	-9.85%	-31.79%	-30.63%	-28.89%	-30.29%	-2.78%	-3.30%
Augmented Payout Ratio	-112.10%	-259.53%	-142.43%	-28.22%	-9.85%	-31.79%	-30.63%	-28.89%	-30.29%	-2.78%	-3.30%

Financials Breakdown Chart

Key Financial Trends

Corsair Gaming (CRSR) has shown a mix of growth and volatility across its quarterly results over the last four years. In late-2025 the company delivered a notable improvement in revenue, gross margin, and net income, supported by solid quarterly operating cash flow. Here are the standout points, organized with positive items first, followed by neutral observations and then potential negatives.

Q4 2025 revenue rose to about $436.9M and gross margin expanded to roughly 33% (vs about 26% in Q4 2024), supported by a gross profit of around $144.6M.
Q4 2025 net income (continuing operations) was about $26.05M, marking a return to profitability after several negative quarters in 2025.
Q4 2025 operating cash flow from continuing activities was about $38.17M, with net cash from operating activities also positive, signaling stronger cash generation.
Liquidity remained solid, with cash & equivalents near $64.4M at the end of Q4 2025, providing a cushion for volatility in quarterly results.
Balance sheet items show a stable asset base, with total assets around $1.20B and a modest level of liabilities, implying a balanced, albeit leveraged, financial position.
Q4 2025 financing activity included both debt repayments and new issuances (Repayment of Debt: $35.1M and Issuance of Debt: $33.5M), resulting in a net financing cash flow near a small negative amount (≈ -$1.48M).
Across 2023–2025, quarterly revenue has ranged broadly (roughly $320M–$437M), reflecting gaming peripherals demand cycles but a generally positive long-term trend in top-line revenue.
Several 2025 quarters showed net losses, notably Q2 2025 (-$20.31M) and Q3 2025 (-$10.39M), highlighting ongoing earnings volatility despite revenue strength.
Some quarters, such as Q3 2025, posted negative cash flow from operating activities, underscoring cash-generation variability even when the company reports improving or positive net income.
Investing cash outflows have remained meaningful in multiple quarters (e.g., purchases of property, plant & equipment), which can pressure near-term liquidity if operating cash flow does not keep pace.

05/10/26 07:55 AM ETAI Generated. May Contain Errors.

Corsair Gaming Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Corsair Gaming's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Corsair Gaming's net income appears to be on a downward trend, with a most recent value of -$14.97 million in 2025, rising from -$13.72 million in 2018. The previous period was -$83.39 million in 2024. Find out what analysts predict for Corsair Gaming in the coming months.

Corsair Gaming's total operating income in 2025 was $2.08 million, based on the following breakdown:

Total Gross Profit: $425.88 million
Total Operating Expenses: $423.81 million

Over the last 7 years, Corsair Gaming's total revenue changed from $937.55 million in 2018 to $1.47 billion in 2025, a change of 57.1%.

Corsair Gaming's total liabilities were at $608.03 million at the end of 2025, a 1.4% decrease from 2024, and a 27.9% decrease since 2019.

In the past 6 years, Corsair Gaming's cash and equivalents has ranged from $48.17 million in 2019 to $175.62 million in 2023, and is currently $97.18 million as of their latest financial filing in 2025.

Over the last 7 years, Corsair Gaming's book value per share changed from 0.00 in 2018 to 5.94 in 2025, a change of 594.5%.

Related Companies

Financial statements for NASDAQ:CRSR last updated on 4/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Corsair Gaming (CRSR) Financials

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Corsair Gaming (CRSR) Financials

Annual Income Statements for Corsair Gaming

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Quarterly Cash Flow Statements for Corsair Gaming

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Quarterly Metrics And Ratios for Corsair Gaming

Financials Breakdown Chart

Key Financial Trends

Corsair Gaming Financials - Frequently Asked Questions

When does Corsair Gaming's financial year end?

How has Corsair Gaming's net income changed over the last 7 years?

What is Corsair Gaming's operating income?

How has Corsair Gaming's revenue changed over the last 7 years?

How much debt does Corsair Gaming have?

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How has Corsair Gaming's book value per share changed over the last 7 years?

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