
Corsair Gaming (CRSR) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
320.1M
Gross Profit
85.9M
26.83%
Operating Income
-16.9M
-5.29%
Net Income
-20.3M
-6.34%
EPS (Diluted)
$-0.16
Balance Sheet Metrics
Total Assets
1.2B
Total Liabilities
616.2M
Shareholders Equity
623.3M
Debt to Equity
0.99
Cash Flow Metrics
Operating Cash Flow
16.5M
Free Cash Flow
15.7M
Revenue & Profitability Trend
Corsair Gaming Income Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 1.3B | 1.5B | 1.4B | 1.9B | 1.7B |
Cost of Goods Sold | 988.8M | 1.1B | 1.1B | 1.4B | 1.2B |
Gross Profit | 327.6M | 360.3M | 296.6M | 513.9M | 465.4M |
Gross Margin % | 24.9% | 24.7% | 21.6% | 27.0% | 27.3% |
Operating Expenses | |||||
Research & Development | 67.5M | 65.3M | 66.5M | 60.3M | 50.1M |
Selling, General & Administrative | 310.0M | 285.3M | 284.9M | 315.7M | 257.0M |
Other Operating Expenses | - | - | - | - | - |
Total Operating Expenses | 377.6M | 350.6M | 351.4M | 376.0M | 307.1M |
Operating Income | -50.0M | 9.7M | -54.8M | 137.9M | 158.4M |
Operating Margin % | -3.8% | 0.7% | -4.0% | 7.2% | 9.3% |
Non-Operating Items | |||||
Interest Income | 3.3M | 6.8M | 374.0K | 0 | 0 |
Interest Expense | 13.2M | 17.4M | 9.6M | 12.8M | 31.0M |
Other Non-Operating Income | -1.8M | -2.6M | 213.0K | -10.6M | -5.3M |
Pre-tax Income | -61.7M | -3.5M | -63.8M | 114.6M | 122.0M |
Income Tax | 21.7M | -2.4M | -9.8M | 13.6M | 18.8M |
Effective Tax Rate % | 0.0% | 0.0% | 0.0% | 11.9% | 15.4% |
Net Income | -83.4M | -1.0M | -53.9M | 101.0M | 103.2M |
Net Margin % | -6.3% | -0.1% | -3.9% | 5.3% | 6.1% |
Key Metrics | |||||
EBITDA | 3.4M | 64.6M | -683.0K | 177.3M | 200.4M |
EPS (Basic) | $-0.95 | $0.03 | $-0.63 | $1.08 | $1.20 |
EPS (Diluted) | $-0.95 | $0.03 | $-0.63 | $1.01 | $1.14 |
Basic Shares Outstanding | 104164000 | 102482000 | 96280000 | 93260000 | 86256000 |
Diluted Shares Outstanding | 104164000 | 102482000 | 96280000 | 93260000 | 86256000 |
Income Statement Trend
Corsair Gaming Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 107.0M | 175.6M | 151.2M | 62.4M | 129.5M |
Short-term Investments | - | - | - | - | - |
Accounts Receivable | 218.6M | 253.3M | 235.7M | 291.3M | 293.6M |
Inventory | 260.0M | 240.2M | 192.7M | 298.3M | 226.0M |
Other Current Assets | 35.4M | 39.8M | 40.6M | 51.0M | 38.0M |
Total Current Assets | 623.4M | 711.6M | 622.8M | 705.8M | 691.0M |
Non-Current Assets | |||||
Property, Plant & Equipment | 81.0M | 64.5M | 74.2M | 77.5M | 48.0M |
Goodwill | 872.8M | 897.4M | 911.7M | 859.8M | 884.8M |
Intangible Assets | 164.3M | 188.0M | 216.3M | 225.7M | 259.3M |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | 11.6M | 34.6M | 30.3M | 20.7M | 8.6M |
Total Non-Current Assets | 612.4M | 645.9M | 674.5M | 631.6M | 623.1M |
Total Assets | 1.2B | 1.4B | 1.3B | 1.3B | 1.3B |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 207.2M | 240.0M | 172.0M | 236.1M | 299.6M |
Short-term Debt | 28.1M | 21.9M | 17.5M | 14.2M | 9.1M |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | 26.3M | 18.2M | 20.0M | 40.7M | 63.6M |
Total Current Liabilities | 396.3M | 418.5M | 343.0M | 446.7M | 505.4M |
Non-Current Liabilities | |||||
Long-term Debt | 209.0M | 224.6M | 277.6M | 294.1M | 339.0M |
Deferred Tax Liabilities | 7.4M | 17.4M | 18.1M | 25.7M | 29.8M |
Other Non-Current Liabilities | 3.7M | 3.0M | 3.1M | 2.7M | 2.6M |
Total Non-Current Liabilities | 220.1M | 245.0M | 298.8M | 322.5M | 371.3M |
Total Liabilities | 616.4M | 663.5M | 641.8M | 769.2M | 876.7M |
Equity | |||||
Common Stock | 10.0K | 10.0K | 10.0K | 9.0K | 9.0K |
Retained Earnings | -58.8M | 40.4M | 37.2M | 98.1M | -2.8M |
Treasury Stock | - | - | - | - | - |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 619.5M | 694.0M | 655.4M | 568.2M | 437.4M |
Key Metrics | |||||
Total Debt | 237.0M | 246.5M | 295.2M | 308.3M | 348.0M |
Working Capital | 227.1M | 293.1M | 279.8M | 259.0M | 185.6M |
Balance Sheet Composition
Corsair Gaming Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | -83.4M | -1.0M | -53.9M | 101.0M | 103.2M |
Depreciation & Amortization | 51.9M | 50.7M | 53.5M | 45.1M | 43.2M |
Stock-Based Compensation | 30.6M | 30.9M | 22.2M | 17.2M | 5.8M |
Working Capital Changes | 16.4M | 8.8M | 60.3M | -127.6M | 22.9M |
Operating Cash Flow | 30.0M | 87.3M | 65.1M | 28.5M | 172.8M |
Investing Activities | |||||
Capital Expenditures | -9.8M | -12.8M | -26.3M | -11.0M | -9.0M |
Acquisitions | -42.8M | -14.2M | -19.5M | -4.8M | -1.3M |
Investment Purchases | 0 | 0 | -1.0M | 0 | 0 |
Investment Sales | - | - | - | - | - |
Investing Cash Flow | -53.3M | -27.0M | -47.0M | -20.5M | -10.3M |
Financing Activities | |||||
Share Repurchases | - | - | - | 0 | 0 |
Dividends Paid | - | - | - | - | 0 |
Debt Issuance | 25.0M | 0 | 0 | 248.5M | 0 |
Debt Repayment | -50.0M | -41.0M | -711.0M | -391.9M | 0 |
Financing Cash Flow | -56.1M | -44.8M | -635.9M | -143.8M | -80.5M |
Free Cash Flow | 25.9M | 76.4M | 40.1M | 9.2M | 160.0M |
Net Change in Cash | -79.3M | 15.4M | -617.8M | -135.8M | 82.0M |
Cash Flow Trend
Corsair Gaming Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
359.67
Forward P/E
16.71
Price to Book
1.50
Price to Sales
0.64
PEG Ratio
-8.39
Profitability Ratios
Profit Margin
-5.74%
Operating Margin
-5.29%
Return on Equity
-12.33%
Return on Assets
-1.74%
Financial Health
Current Ratio
1.45
Debt to Equity
31.01
Beta
1.77
Per Share Data
EPS (TTM)
$-0.80
Book Value per Share
$5.70
Revenue per Share
$13.40
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
crsr | 903.4M | 359.67 | 1.50 | -12.33% | -5.74% | 31.01 |
Arista Networks | 166.9B | 52.07 | 15.36 | 33.64% | 40.90% | 0.00 |
Dell Technologies | 93.5B | 21.71 | -30.94 | -331.07% | 4.72% | -9.80 |
Rigetti Computing | 1.6B | - | 3.26 | -48.81% | 52.80% | 1.45 |
Cricut | 1.2B | 16.35 | 3.82 | 18.96% | 10.09% | 4.34 |
Red Cat Holdings | 916.8M | -22.40 | 9.47 | -55.21% | 20.64% | 22.93 |
Financial data is updated regularly. All figures are in the company's reporting currency.