Corsair Gaming, Inc. (CRSR) financials

NASDAQ · Technology · Computer Hardware · 2,355 employees · CEO Thi L. La

Price: $12.60 -8.23%
Market cap: $1.36B
Enterprise value: $1.29B
Last report: Q2 '26 filed 2026-08-06
Next report: 2026-11-05 EPS est. $0.12

Revenue (TTM)$1.45B+3.1% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)2.9%+5.4 pp vs a year agoOperating income $42.7M

Net income (TTM)$35.1M+143.5% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$89.7M-24.6% vs a year agoCapex $16M

Diluted EPS (TTM)$0.30+137.5% vs a year agoSum of the last 4 quarters

Net cash$75.3M+187.5% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $1.36B
Revenue: $1.45B
Revenue growth: -2%
Profit margin: 2.4%
P/E: 40.2×
P/S: 0.9×
EV / EBITDA: 12.9×
Free cash flow: $89.7M
Net income: $35.1M
Revenue estimate: $1.44B
Earnings: 2026-11-05
Dividend: –

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-08-06): revenue beat by 1.2%, EPS beat by 227.6%Revenue $314M vs $310M expected (+1.2%); EPS $0.23 vs $0.07 (+227.6%).
Revenue growth slowing: -1.8% year on yearQ2 '26 revenue $314M, against an average of 9.4% over the four quarters before.
Operating margin 2.9% (TTM), +5.4 pp on a year agoOperating income grew 224.7% while revenue grew 3.1%.
Capex 1.1% of revenue (a year ago 0.8%)$16M invested in the last 4 quarters (+51.1% on a year earlier). Free cash flow $89.7M = 255.3% of net income.
Returned $5.01M to shareholders = 5.6% of free cash flowBuybacks $5.01M (a year earlier $11K), dividends $0, stock-based pay $21.9M (TTM).
Diluted share count up 3.1% in a year109M diluted shares in Q2 '26, 106M a year earlier.
Net cash $75.3MCash + short-term investments $194M, debt incl. leases $118M; a year ago net debt $86.1M.

Last quarter: Q2 '26

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q2 '26	Year ago	Change
Revenue	$314M	$320M	-1.8%
Gross margin	33.2%	26.8%	+6.4 pp
Operating income	$7.61M	-$16.9M	+145.0%
Operating margin	2.4%	-5.3%	+7.7 pp
Net income	$8.84M	-$20.9M	+142.4%
Diluted EPS	$0.06	-$0.16	+139.1%
Operating cash flow	$74.8M	$30.2M	+147.9%
Capex	$2.77M	$2.71M	+2.1%
Free cash flow	$72.1M	$27.5M	+162.3%
R&D	$15.4M	$17.5M	-11.8%
Stock-based compensation	$5.94M	$9.34M	-36.4%

Reported vs consensus

2026-08-06

	Actual	Consensus	vs consensus
Revenue	$314M	$310M	+1.2%
EPS (as estimated)	$0.23	$0.07	+227.6%

From the report of 2026-08-06 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q2 '26	y/y	Share	TTM	TTM y/y	12 quarters
Gaming Components And Systems	$198M	-8.7%	63.1%	–	–
Gamer And Creator Peripherals	$116M	+12.9%	36.9%	–	–

Revenue by region

share of total

Segment	Q2 '26	y/y	Share	TTM	TTM y/y
Americas	$171M	+1.7%	54.5%	–	–
Europe And Middle East	$97.8M	-9.9%	31.1%	–	–
Asia Pacific	$45.4M	+4.8%	14.4%	–	–

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $106M
Capex: -$16M
Buybacks: -$5.01M
Dividends: $0
Acquisitions: $0
Net debt issued: -$6.94M
Stock-based compensation: $21.9M
Free cash flow: $89.7M
Returned to shareholders / FCF: 5.6%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	40.2×	236.4× 2 of 5 years	19.5× – 453.4×
EV / EBITDA	12.9×	71.6× 4 of 5 years	12.7× – 237.5×
EV / Sales	0.9×	0.9×	0.4× – 1.2×
Price / FCF	15.2×	61.7×	18.1× – 212.6×
Price / Book	2.0×	2.0×	1.0× – 3.4×
FCF yield	6.6%	3.6%	0.5% – 5.5%
Return on invested capital	4.9%	0.7%	-5.8% – 13.4%
Return on equity	5.5%	-1.5%	-14.1% – 17.8%

Analysts

Consensus target $12.40 (-1.6%)
range $8.00 – $16.00 · rating Hold

Strong buy0

Buy4

Hold7

Sell0

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	$1.44B	-2.1%	$0.90	+849.4%	14.0×	6
FY2027	$1.51B	+5.1%	$0.83	-8.1%	15.2×	5
FY2028	$1.63B	+7.7%	$0.88	+6.5%	14.3×	2

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 243 figures Corsair Gaming, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
Accounts Payable, Current	$179M	$258M	-30.6%	$213M	$207M	+2.6%
Accounts Receivable, after Allowance for Credit Loss, Current	$160M	$179M	-10.8%	$234M	$219M	+7.0%
Accounts Receivable, Allowance for Credit Loss, Current	$326K	$2.06M	-84.2%	$326K	$265K	+23.0%
Accounts Receivable, before Allowance for Credit Loss, Current	$160M	$181M	-11.7%	$234M	$219M	+7.0%
Accounts Receivable, Credit Loss Expense (Reversal)	$02025-09-30	–	–	–	–	–
Accrued Liabilities and Other Liabilities	$184M	$162M	+13.4%	$212M	$177M	+20.0%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$55.8M	$50.3M	+10.9%	$49.2M	$41.7M	+18.1%
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$1.17M2025-12-31	-$3.57M	+132.8%	$1.17M	-$3.57M	+132.8%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$1.39M	$885K	-257.1%	-$585K	-$4.56M	+87.2%
Additional Paid in Capital, Common Stock	$719M	$689M	+4.3%	$705M	$668M	+5.7%
Adjustment for Long-term Intercompany Transactions, Net of Tax	$148K	-$1.32M	+111.2%	-$724K	-$144K	-402.8%
Adjustment for Long-term Intercompany Transactions, Tax Expense (Benefit)	$0	$0	–	$178K	$330K	-46.1%
Amortization of Debt Issuance Costs	$58K	$138K	-58.0%	$412K	$513K	-19.7%
Amortization of Intangible Assets	–	–	–	$40.2M	$38.4M	+4.6%
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	11.8M	14.7M	-19.9%	14.5M	13.6M	+6.6%
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$5.96M	$9.41M	-36.7%	$33.3M	$30.6M	+8.9%
Assets	$1.22B	$1.22B	-0.5%	$1.25B	$1.24B	+1.5%
Assets, Current	$647M	$617M	+4.8%	$665M	$623M	+6.7%
Capital Expenditures Incurred but Not yet Paid	$109K	$703K	-84.5%	$2.53M	$2.49M	+1.3%
Capitalized Computer Software, Net	$2.4M2025-12-31	$4.9M	-51.0%	$2.4M	$4.9M	-51.0%
Cash	$192M	$105M	+83.7%	$97.2M	$107M	-9.2%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$194M	$107M	+80.4%	$98.8M	$110M	-9.8%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$74.1M	$4.92M	+1,406.3%	-$10.8M	-$68.9M	+84.3%
Common Stock, Par or Stated Value Per Share	$0.00	$0.00	0.0%	$0.00	$0.00	0.0%
Common Stock, Shares Authorized	300M	300M	0.0%	300M	300M	0.0%
Common Stock, Shares, Issued	108M	106M	+2.0%	107M	105M	+1.8%
Common Stock, Shares, Outstanding	108M	105M	+3.3%	107M	105M	+1.8%
Common Stock, Value, Issued	$11K	$11K	0.0%	$11K	$10K	+10.0%
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	$316K	$790K	-60.0%	$1.24M	$1.44M	-14.3%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$8.97M	-$17.5M	+151.2%	-$12.2M	-$85.6M	+85.8%
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$9.29M	-$16.7M	+155.5%	-$10.9M	-$84.2M	+87.0%
Contract with Customer, Liability, Current	$5.18M	$4.28M	+21.0%	$9M	$7.28M	+23.5%
Cost of Revenue	$210M	$234M	-10.3%	$1.05B	$989M	+5.8%
Current Federal Tax Expense (Benefit)	–	–	–	-$652K	$406K	-260.6%
Current Foreign Tax Expense (Benefit)	–	–	–	$10.1M	$9.69M	+4.1%
Current State and Local Tax Expense (Benefit)	–	–	–	-$105K	$222K	-147.3%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$467K	$601K	-22.3%	$533K	$461K	+15.6%
Debt, Current	$6.12M	$6.12M	+0.1%	$6.12M	$12.2M	-50.0%
Deferred Federal Income Tax Expense (Benefit)	–	–	–	$102K	$23M	-99.6%
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	-$6.54M	-$17.5M	+62.6%
Deferred Income Tax Expense (Benefit)	-$3.63M	-$2.29M	-58.5%	-$6.51M	$11.4M	-157.1%
Deferred Income Tax Liabilities, Net	$3.61M	$7.95M	-54.6%	$6.07M	$7.38M	-17.7%
Deferred State and Local Income Tax Expense (Benefit)	–	–	–	-$73K	$5.87M	-101.2%
Deferred Tax Assets, Gross	$67.2M2025-12-31	$70.5M	-4.8%	$67.2M	$70.5M	-4.8%
Deferred Tax Assets, Net	$5.3M2025-12-31	–	–	$5.3M	–	–
Deferred Tax Assets, Net of Valuation Allowance	$15.2M	$10M	+51.3%	$11.4M	$6.47M	+75.8%
Deferred Tax Assets, Other	$267K2025-12-31	$508K	-47.4%	$267K	$508K	-47.4%
Deferred Tax Assets, Tax Credit Carryforwards	$1.65M2025-12-31	$2.06M	-19.7%	$1.65M	$2.06M	-19.7%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	$6.91M2025-12-31	$5.64M	+22.5%	$6.91M	$5.64M	+22.5%
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities	$13.8M2025-12-31	$14.4M	-3.5%	$13.8M	$14.4M	-3.5%
Deferred Tax Assets, Valuation Allowance	$42.2M2025-12-31	$43.7M	-3.4%	$42.2M	$43.7M	-3.4%
Deferred Tax Liabilities, Intangible Assets	$8.46M2025-12-31	$16.5M	-48.9%	$8.46M	$16.5M	-48.9%
Deferred Tax Liabilities, Net	–	–	–	$911K2024-12-31	–	–
Depreciation	$3.65M	$3.35M	+8.9%	$14M	$13.4M	+3.8%
Earnings Per Share, Basic	$0.06	-$0.16	+137.5%	-$0.12	-$0.95	+87.4%
Earnings Per Share, Diluted	$0.06	-$0.16	+137.5%	-$0.12	-$0.95	+87.4%
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	-$691K	$2.22M	-131.1%	$3.33M	-$1.43M	+333.6%
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	–	–	–	-$2.55M	-$12.9M	+80.2%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	–	–	–	21.0%	21.0%	0.0%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	–	–	–	$208K	$41.3M	-99.5%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30

Data as of 2026-11-02