HEAR · Turtle Beach Corp - 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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42.17M | - | $80.46M | $56.78M | $63.90M | - | $94.36M | $76.48M | $55.85M | - |
| Cost of Revenue | $30.88M | - | $50.40M | $38.52M | $40.53M | - | $60.23M | $53.40M | $38.06M | - |
| Gross Profit | $11.29M | - | $30.06M | $18.26M | $23.37M | - | $34.13M | $23.08M | $17.79M | - |
| R&D | $4.57M | - | $4.16M | $4.47M | $3.99M | - | $4.31M | $4.59M | $3.90M | - |
| SG&A | $8.52M | - | $7.54M | $7.35M | $8.22M | - | $6.35M | $7.46M | $5.67M | - |
| Total Operating Expenses | $25.36M | - | $24.69M | $18.59M | $21.83M | - | $27.71M | $27.19M | $23.50M | - |
| D&A | $892.0K | - | $1.20M | $1.20M | $1.11M | - | - | - | $916.0K | - |
| Operating Income | ($14.06M) | - | $5.37M | ($329.0K) | $1.54M | - | $6.42M | ($4.11M) | ($5.71M) | - |
| Interest Expense | $1.40M | - | $1.80M | $2.00M | $2.00M | - | $2.70M | $2.20M | $400.0K | - |
| Income Tax | ($123.0K) | - | $254.0K | ($246.0K) | ($109.0K) | - | $46.0K | $841.0K | ($6.39M) | - |
| Net Income | ($15.21M) | - | $1.72M | ($2.93M) | ($664.0K) | - | $3.41M | ($7.52M) | $155.0K | - |
| EPS - Basic | ($0.78) | - | $0.09 | ($0.14) | ($0.03) | - | $0.17 | ($0.35) | $0.01 | - |
| EPS - Diluted | ($0.78) | - | $0.08 | ($0.14) | ($0.03) | - | $0.16 | ($0.35) | $0.01 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $12.32M | $16.96M | $12.26M | $11.71M | $11.68M | $12.99M | $13.80M | $12.46M | $17.82M | $18.73M |
| Accounts Receivable | $30.40M | $76.80M | $56.75M | $36.43M | $42.35M | $93.12M | $70.70M | $46.47M | $42.91M | $54.39M |
| Inventory | $64.32M | $69.22M | $94.96M | $76.81M | $73.66M | $71.25M | $102.26M | $73.35M | $69.53M | $44.02M |
| Accounts Payable | $20.79M | $24.93M | $46.92M | $34.48M | $39.54M | $34.84M | $66.39M | $48.38M | $44.84M | $26.91M |
| Current Assets | $117.71M | $173.81M | $178.36M | $138.03M | $142.24M | $188.37M | $196.46M | $143.66M | $140.58M | $124.86M |
| Total Assets | $209.93M | $269.05M | $278.21M | $240.18M | $247.02M | $298.86M | $313.20M | $264.39M | $258.39M | $149.97M |
| Current Liabilities | $47.81M | $87.68M | $111.55M | $75.25M | $72.42M | $123.67M | $155.71M | $103.24M | $76.79M | $56.33M |
| Long-term Debt | $44.27M | $46.34M | $48.40M | $40.05M | $45.54M | $45.62M | $45.70M | $45.77M | $45.95M | - |
| Total Liabilities | $98.07M | $140.56M | $167.56M | $123.35M | $126.15M | $178.26M | $211.38M | $159.13M | $133.16M | $64.89M |
| Stockholders' Equity | $111.86M | $128.50M | $110.65M | $116.83M | $120.87M | $120.60M | $101.82M | $105.26M | $125.23M | $85.08M |
| Retained Earnings | ($117.57M) | ($102.36M) | ($119.97M) | ($121.69M) | ($118.76M) | ($118.09M) | ($138.23M) | ($141.65M) | ($134.12M) | ($134.28M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $29.38M | - | - | - | $40.45M | - | - | - | $27.26M | - |
| Investing Cash Flow | ($276.0K) | - | - | - | $2.35M | - | - | - | ($76.22M) | - |
| Financing Cash Flow | ($33.68M) | - | - | - | ($44.88M) | - | - | - | $47.98M | - |
| CapEx | $276.0K | - | - | - | $166.0K | - | - | - | $731.0K | - |
| Free Cash Flow | $29.10M | - | - | - | $40.29M | - | - | - | $26.53M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 26.8% | - | 37.4% | 32.2% | 36.6% | - | 36.2% | 30.2% | 31.8% | - |
| Operating margin | -33.3% | - | 6.7% | -0.6% | 2.4% | - | 6.8% | -5.4% | -10.2% | - |
| EBITDA margin | -31.2% | - | 8.2% | 1.5% | 4.1% | - | - | - | -8.6% | - |
| Net margin | -36.1% | - | 2.1% | -5.2% | -1.0% | - | 3.6% | -9.8% | 0.3% | - |
| Free cash flow margin | 69.0% | - | - | - | 63.0% | - | - | - | 47.5% | - |
| FCF / Net income | -1.91 | - | - | - | -60.67 | - | - | - | 171.14 | - |
| R&D / Revenue | 10.8% | - | 5.2% | 7.9% | 6.2% | - | 4.6% | 6.0% | 7.0% | - |
| SG&A / Revenue | 20.2% | - | 9.4% | 13.0% | 12.9% | - | 6.7% | 9.8% | 10.2% | - |
| Effective tax rate | - | - | 12.9% | - | - | - | 1.3% | - | - | - |
| Return on assets | -7.2% | - | 0.6% | -1.2% | -0.3% | - | 1.1% | -2.8% | 0.1% | - |
| Return on equity | -13.6% | - | 1.6% | -2.5% | -0.5% | - | 3.4% | -7.1% | 0.1% | - |
| Return on invested capital | -7.1% | - | 2.9% | -0.2% | 0.7% | - | 4.3% | -2.2% | -2.6% | - |
| Liquidity | ||||||||||
| Current ratio | 2.46 | 1.98 | 1.60 | 1.83 | 1.96 | 1.52 | 1.26 | 1.39 | 1.83 | 2.22 |
| Quick ratio | 1.12 | 1.19 | 0.75 | 0.81 | 0.95 | 0.95 | 0.60 | 0.68 | 0.93 | 1.43 |
| Cash ratio | 0.26 | 0.19 | 0.11 | 0.16 | 0.16 | 0.11 | 0.09 | 0.12 | 0.23 | 0.33 |
| Leverage | ||||||||||
| Debt / Equity | 0.40 | 0.36 | 0.44 | 0.34 | 0.38 | 0.38 | 0.45 | 0.43 | 0.37 | - |
| Debt / Assets | 0.21 | 0.17 | 0.17 | 0.17 | 0.18 | 0.15 | 0.15 | 0.17 | 0.18 | - |
| Debt / EBITDA | - | - | 7.37 | 45.98 | 17.21 | - | - | - | - | - |
| Interest coverage | -10.0x | - | 3.0x | -0.2x | 0.8x | - | 2.4x | -1.9x | -14.3x | - |
| Equity multiplier | 1.88 | 2.09 | 2.51 | 2.06 | 2.04 | 2.48 | 3.08 | 2.51 | 2.06 | 1.76 |
| Liabilities / Assets | 0.47 | 0.52 | 0.60 | 0.51 | 0.51 | 0.60 | 0.67 | 0.60 | 0.52 | 0.43 |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | - | 0.29 | 0.24 | 0.26 | - | 0.30 | 0.29 | 0.22 | - |
| Inventory turnover | 0.48 | - | 0.53 | 0.50 | 0.55 | - | 0.59 | 0.73 | 0.55 | - |
| Days sales outstanding | 263d | - | 257d | 234d | 242d | - | 273d | 222d | 280d | - |
| Days inventory outstanding | 760d | - | 688d | 728d | 663d | - | 620d | 501d | 667d | - |
| Days payable outstanding | 246d | - | 340d | 327d | 356d | - | 402d | 331d | 430d | - |
| Cash conversion cycle | 778d | - | 605d | 635d | 549d | - | 491d | 392d | 517d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -34.0% | - | -14.7% | -25.8% | 14.4% | - | 59.5% | 59.4% | 8.6% | - |
| Revenue CAGR (3y) | -6.4% | - | 16.2% | 11.2% | 11.0% | - | 3.4% | -0.9% | -15.6% | - |
| Revenue CAGR (5y) | -14.6% | - | -6.5% | -6.6% | 12.8% | - | 15.1% | 13.1% | 4.5% | - |
| Gross profit growth (YoY) | -51.7% | - | -11.9% | -20.9% | 31.4% | - | 93.0% | 94.4% | 25.8% | - |
| Operating income growth (YoY) | - | - | -16.4% | 92.0% | - | - | - | 74.0% | 12.0% | - |
| Net income growth (YoY) | -2190.1% | - | -49.7% | 61.0% | - | - | - | 52.7% | - | - |
| EPS growth (YoY) | -2500.0% | - | -50.0% | 60.0% | - | - | - | 62.4% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | 4.6% | - | -72.7% | - |
| EPS CAGR (5y) | - | - | -40.1% | - | - | - | - | - | -35.6% | - |
| FCF growth (YoY) | -27.8% | - | - | - | 51.9% | - | - | - | -5.6% | - |
| FCF CAGR (5y) | 9.1% | - | - | - | 19.3% | - | - | - | -8.1% | - |
| Book value growth (YoY) | -7.5% | 6.5% | 8.7% | 11.0% | -3.5% | 41.8% | 40.6% | 42.1% | 47.7% | -4.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Geographic
$319.91M totalUS$235.66M · 73.7%
Europe And Middle East$71.00M · 22.2%
Asia Pacific$13.26M · 4.1%
Peer comparison
Same SIC group: Communications Equipment, NEC
Comparing Turtle Beach Corp against the 5 most active filers in the same SIC group.