Corsair Gaming (CRSR) | Financial Analysis & Statements
Corsair Gaming Inc. Small-cap Technology
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
436.9M
Gross Profit
144.6M
33.09%
Operating Income
26.9M
6.16%
Net Income
26.0M
5.96%
EPS (Diluted)
$0.22
Balance Sheet Metrics
Total Assets
1.3B
Total Liabilities
608.0M
Shareholders Equity
645.8M
Debt to Equity
0.94
Cash Flow Metrics
Operating Cash Flow
39.3M
Free Cash Flow
32.9M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Corsair Gaming Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 1.5B | 1.3B | 1.5B | 1.4B | 1.9B |
| Cost of Goods Sold | 1.0B | 988.8M | 1.1B | 1.1B | 1.4B |
| Gross Profit | 425.9M | 327.6M | 360.3M | 296.6M | 513.9M |
| Gross Margin % | 28.9% | 24.9% | 24.7% | 21.6% | 27.0% |
| Operating Expenses | |||||
| Research & Development | 69.1M | 67.5M | 65.3M | 66.5M | 60.3M |
| Selling, General & Administrative | 354.7M | 310.0M | 285.3M | 284.9M | 315.7M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 423.8M | 377.6M | 350.6M | 351.4M | 376.0M |
| Operating Income | 2.1M | -50.0M | 9.7M | -54.8M | 137.9M |
| Operating Margin % | 0.1% | -3.8% | 0.7% | -4.0% | 7.2% |
| Non-Operating Items | |||||
| Interest Income | 1.7M | 3.3M | 6.8M | 374.0K | 0 |
| Interest Expense | 9.4M | 13.2M | 17.4M | 9.6M | 12.8M |
| Other Non-Operating Income | -6.5M | -1.8M | -2.6M | 213.0K | -10.6M |
| Pre-tax Income | -12.1M | -61.7M | -3.5M | -63.8M | 114.6M |
| Income Tax | 2.8M | 21.7M | -2.4M | -9.8M | 13.6M |
| Effective Tax Rate % | 0.0% | 0.0% | 0.0% | 0.0% | 11.9% |
| Net Income | -15.0M | -83.4M | -1.0M | -53.9M | 101.0M |
| Net Margin % | -1.0% | -6.3% | -0.1% | -3.9% | 5.3% |
| Key Metrics | |||||
| EBITDA | 51.4M | 3.4M | 64.6M | -683.0K | 177.3M |
| EPS (Basic) | $-0.12 | $-0.95 | $0.03 | $-0.63 | $1.08 |
| EPS (Diluted) | $-0.12 | $-0.95 | $0.03 | $-0.63 | $1.01 |
| Basic Shares Outstanding | 106005000 | 104164000 | 102482000 | 96280000 | 93260000 |
| Diluted Shares Outstanding | 106005000 | 104164000 | 102482000 | 96280000 | 93260000 |
Income Statement Trend
Join Our United States Telegram Channel
Get Instant Market Updates: 52-Week High/Low Alerts, Breakout Notifications & Expert Stock Analysis Delivered To Your Phone. Join Traders Making Informed Decisions Daily!
Corsair Gaming Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 97.2M | 107.0M | 175.6M | 151.2M | 62.4M |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 233.9M | 218.6M | 253.3M | 235.7M | 291.3M |
| Inventory | 303.3M | 260.0M | 240.2M | 192.7M | 298.3M |
| Other Current Assets | 29.6M | 35.4M | 39.8M | 40.6M | 51.0M |
| Total Current Assets | 665.5M | 623.4M | 711.6M | 622.8M | 705.8M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 88.6M | 81.0M | 64.5M | 74.2M | 77.5M |
| Goodwill | 840.7M | 872.8M | 897.4M | 911.7M | 859.8M |
| Intangible Assets | 125.2M | 164.3M | 188.0M | 216.3M | 225.7M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 16.2M | 11.6M | 34.6M | 30.3M | 20.7M |
| Total Non-Current Assets | 588.3M | 612.4M | 645.9M | 674.5M | 631.6M |
| Total Assets | 1.3B | 1.2B | 1.4B | 1.3B | 1.3B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 212.5M | 207.2M | 240.0M | 172.0M | 236.1M |
| Short-term Debt | 22.5M | 28.1M | 21.9M | 17.5M | 14.2M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 25.4M | 26.3M | 18.2M | 20.0M | 40.7M |
| Total Current Liabilities | 430.9M | 396.3M | 418.5M | 343.0M | 446.7M |
| Non-Current Liabilities | |||||
| Long-term Debt | 168.0M | 209.0M | 224.6M | 277.6M | 294.1M |
| Deferred Tax Liabilities | 6.1M | 7.4M | 17.4M | 18.1M | 25.7M |
| Other Non-Current Liabilities | 3.0M | 3.7M | 3.0M | 3.1M | 2.7M |
| Total Non-Current Liabilities | 177.1M | 220.1M | 245.0M | 298.8M | 322.5M |
| Total Liabilities | 608.0M | 616.4M | 663.5M | 641.8M | 769.2M |
| Equity | |||||
| Common Stock | 11.0K | 10.0K | 10.0K | 10.0K | 9.0K |
| Retained Earnings | -71.2M | -58.8M | 40.4M | 37.2M | 98.1M |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 645.8M | 619.5M | 694.0M | 655.4M | 568.2M |
| Key Metrics | |||||
| Total Debt | 190.5M | 237.0M | 246.5M | 295.2M | 308.3M |
| Working Capital | 234.5M | 227.1M | 293.1M | 279.8M | 259.0M |
Balance Sheet Composition
Corsair Gaming Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -15.0M | -83.4M | -1.0M | -53.9M | 101.0M |
| Depreciation & Amortization | 54.2M | 51.9M | 50.7M | 53.5M | 45.1M |
| Stock-Based Compensation | 33.1M | 30.6M | 30.9M | 22.2M | 17.2M |
| Working Capital Changes | -31.7M | 16.4M | 8.8M | 60.3M | -127.6M |
| Operating Cash Flow | 41.1M | 30.0M | 87.3M | 65.1M | 28.5M |
| Investing Activities | |||||
| Capital Expenditures | -15.4M | -9.8M | -12.8M | -26.3M | -11.0M |
| Acquisitions | 0 | -42.8M | -14.2M | -19.5M | -4.8M |
| Investment Purchases | - | 0 | 0 | -1.0M | 0 |
| Investment Sales | - | - | - | - | - |
| Investing Cash Flow | -15.4M | -53.3M | -27.0M | -47.0M | -20.5M |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | 0 |
| Dividends Paid | - | - | - | - | - |
| Debt Issuance | 45.0M | 25.0M | 0 | 0 | 248.5M |
| Debt Repayment | -97.8M | -50.0M | -41.0M | -711.0M | -391.9M |
| Financing Cash Flow | -54.5M | -56.1M | -44.8M | -635.9M | -143.8M |
| Free Cash Flow | 34.7M | 25.9M | 76.4M | 40.1M | 9.2M |
| Net Change in Cash | -28.8M | -79.3M | 15.4M | -617.8M | -135.8M |
Cash Flow Trend
Corsair Gaming Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
359.67
Forward P/E
8.69
Price to Book
1.11
Price to Sales
0.48
PEG Ratio
0.16
Profitability Ratios
Profit Margin
-1.10%
Operating Margin
6.34%
Return on Equity
-2.37%
Return on Assets
0.14%
Financial Health
Current Ratio
1.54
Debt to Equity
29.51
Beta
1.49
Per Share Data
EPS (TTM)
$-0.12
Book Value per Share
$5.94
Revenue per Share
$13.89
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| CRSR | 701.8M | 359.67 | 1.11 | -2.37% | -1.10% | 29.51 |
| Arista Networks | 222.8B | 64.57 | 17.97 | 31.40% | 38.99% | 0.73 |
| Western Digital | 138.1B | 38.17 | 19.27 | 41.13% | 35.64% | 65.44 |
| Red Cat Holdings | 1.5B | - | 6.43 | -48.71% | -176.96% | 7.50 |
| Cricut | 942.4M | 12.71 | 2.74 | 18.93% | 10.82% | 3.38 |
| Stratasys | 730.7M | - | 0.87 | -12.75% | -18.92% | 3.14 |
Financial data is updated regularly. All figures are in the company's reporting currency.






