CoverageForm 410-K10-Q8-K13D13G13F

CRSR · Corsair Gaming, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · CRSR

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$1.47B$1.32B$1.46B$1.38B$1.90B$1.70B
Cost of Revenue$1.05B$988.78M$1.10B$1.08B$1.39B$1.24B
Gross Profit$425.88M$327.60M$360.26M$296.63M$513.85M$465.43M
R&D$69.15M$67.54M$65.26M$66.49M$60.29M$50.06M
SG&A$354.66M$310.01M$285.31M$284.93M$315.67M$257.00M
Total Operating Expenses$423.81M$377.55M$350.57M$351.43M$375.96M$307.07M
D&A$13.96M$13.45M$12.21M$10.73M$10.30M$9.32M
Operating Income$2.08M($49.95M)$9.69M($54.79M)$137.89M$158.36M
Interest Expense------
Income Tax$2.82M$21.74M($2.44M)($9.82M)$13.60M$18.82M
Net Income($16.16M)($85.18M)($2.59M)($54.39M)$100.96M$103.22M
EPS - Basic($0.12)($0.95)$0.03($0.63)$1.08$1.20
EPS - Diluted($0.12)($0.95)$0.03($0.63)$1.01$1.14

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$98.83M$109.63M$178.56M$154.06M$65.38M$19.03M
Accounts Receivable$233.90M$218.65M$253.27M$235.66M$291.29M$293.63M
Inventory$303.34M$259.98M$240.17M$192.72M$298.31M$226.01M
Accounts Payable$212.55M$207.22M$239.96M$172.03M$236.12M$299.64M
Current Assets$665.46M$623.39M$711.59M$622.79M$705.77M$690.97M
Total Assets$1.25B$1.24B$1.36B$1.30B$1.34B$1.31B
Current Liabilities$430.94M$396.31M$418.49M$343.00M$446.75M$505.38M
Long-term Debt$115.22M$161.31M$186.01M$232.17M$242.90M$321.39M
Total Liabilities$608.03M$616.38M$663.48M$641.81M$769.22M$876.73M
Stockholders' Equity$633.56M$604.30M$667.58M$623.84M$568.18M$254.66M
Retained Earnings($71.23M)($58.77M)$40.41M$37.22M$98.15M($2.81M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$50.12M$35.88M$89.15M$66.39M$20.19M$168.95M
Investing Cash Flow($15.37M)($52.70M)($26.98M)($47.03M)($20.54M)($10.28M)
Financing Cash Flow($48.87M)($50.68M)($37.39M)$72.61M($65.40M)($79.13M)
CapEx$15.37M$9.85M$12.76M$26.32M$10.97M$8.99M
Free Cash Flow$34.75M$26.03M$76.39M$40.07M$9.22M$159.96M

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin28.9%24.9%24.7%21.6%27.0%27.3%
Operating margin0.1%-3.8%0.7%-4.0%7.2%9.3%
EBITDA margin1.1%-2.8%1.5%-3.2%7.8%9.8%
Net margin-1.1%-6.5%-0.2%-4.0%5.3%6.1%
Free cash flow margin2.4%2.0%5.2%2.9%0.5%9.4%
FCF / Net income-2.15-0.31-29.49-0.740.091.55
R&D / Revenue4.7%5.1%4.5%4.8%3.2%2.9%
SG&A / Revenue24.1%23.6%19.5%20.7%16.6%15.1%
Effective tax rate----11.9%15.4%
Return on assets-1.3%-6.9%-0.2%-4.2%7.5%7.9%
Return on equity-2.6%-14.1%-0.4%-8.7%17.8%40.5%
Return on invested capital0.2%-5.2%0.9%-5.1%15.0%23.3%
Liquidity
Current ratio1.541.571.701.821.581.37
Quick ratio0.840.921.131.250.910.92
Cash ratio0.230.280.430.450.150.04
Leverage
Debt / Equity0.180.270.280.370.431.26
Debt / Assets0.090.130.140.180.180.24
Debt / EBITDA7.18-8.49-1.641.92
Interest coverage------
Equity multiplier1.982.052.032.082.355.16
Liabilities / Assets0.480.500.490.490.580.67
Efficiency
Asset turnover1.171.071.081.061.421.30
Inventory turnover3.453.804.585.604.665.47
Days sales outstanding58d61d63d63d56d63d
Days inventory outstanding106d96d80d65d78d67d
Days payable outstanding74d76d80d58d62d88d
Cash conversion cycle90d80d63d70d72d41d
Valuation
P / E--470.0x-20.8x31.8x
P / B1.0x1.1x2.2x2.1x3.7x12.9x
P / S0.4x0.5x1.0x1.0x1.1x1.9x
EV / EBITDA40.3x-68.8x-15.4x21.4x
Growth
Revenue growth (YoY)11.9%-9.8%6.2%-27.8%11.8%-
Revenue CAGR (3y)2.3%-11.6%-5.0%---
Revenue CAGR (5y)-2.9%-----
Gross profit growth (YoY)30.0%-9.1%21.5%-42.3%10.4%-
Operating income growth (YoY)-----12.9%-
Net income growth (YoY)81.0%-3188.8%95.2%--2.2%-
EPS growth (YoY)87.4%----11.4%-
EPS CAGR (3y)---70.3%---
EPS CAGR (5y)------
FCF growth (YoY)33.5%-65.9%90.6%334.7%-94.2%-
FCF CAGR (5y)-26.3%-----
Book value growth (YoY)4.8%-9.5%7.0%9.8%123.1%-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$1.47B total
Gaming Components And Systems$980.34M · 66.6%
Gamer And Creator Peripherals$492.14M · 33.4%

Product / service

$1.47B total
Memory Products$519.36M · 35.3%
Gaming Peripherals Products$492.14M · 33.4%
Other Component Products$460.99M · 31.3%

Geographic

$1.47B total
US$633.55M · 43.0%
Europe And Middle East$565.79M · 38.4%
Asia Pacific$183.57M · 12.5%
Americas$89.57M · 6.1%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.70
Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

6/9
Neutral
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Computer Peripheral Equipment, NEC

CompanyRevenue (last FY)Net marginROE
FTNT$6.80B27.3%149.8%
PANW---
XRX$7.02B-14.7%-231.8%
ALOT$150.51M-1.6%-3.1%
EVLV$145.91M-22.7%-27.7%

Comparing Corsair Gaming against the 5 most active filers in the same SIC group.