Turtle Beach Corporation | Small-cap | Technology
$14.00
-3.71%
| Turtle Beach Stock Comparison:
Turtle Beach vs AppleTurtle Beach vs SonyTurtle Beach vs SonosTurtle Beach vs GoProTurtle Beach vs Zepp HealthTurtle Beach vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 63.9M
Gross Profit 23.4M 36.57%
Operating Income -1.3M -2.03%
Net Income -664.0K -1.04%
EPS (Diluted) $-0.03

Balance Sheet Metrics

Total Assets 247.0M
Total Liabilities 126.2M
Shareholders Equity 120.9M
Debt to Equity 1.04

Cash Flow Metrics

Operating Cash Flow 43.0M
Free Cash Flow 40.3M

Revenue & Profitability Trend

Turtle Beach Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i372.8M258.1M240.2M366.4M360.1M
Cost of Goods Sold i243.8M182.6M191.0M238.0M226.3M
Gross Profit i129.0M75.5M49.2M128.4M133.8M
Gross Margin % i34.6%29.3%20.5%35.0%37.2%
Operating Expenses
Research & Development i17.3M17.1M19.1M17.5M12.3M
Selling, General & Administrative i80.8M74.8M79.6M90.5M72.4M
Other Operating Expenses i-----
Total Operating Expenses i98.1M91.9M98.8M108.0M84.6M
Operating Income i30.9M-16.4M-49.6M20.4M49.2M
Operating Margin % i8.3%-6.4%-20.6%5.6%13.7%
Non-Operating Items
Interest Income i-----
Interest Expense i8.1M504.0K1.2M383.0K467.0K
Other Non-Operating Income-12.1M-394.0K-3.6M101.0K3.8M
Pre-tax Income i10.7M-17.3M-54.5M20.1M52.5M
Income Tax i-5.5M338.0K5.1M2.4M13.7M
Effective Tax Rate % i-51.6%0.0%0.0%12.1%26.1%
Net Income i16.2M-17.7M-59.5M17.7M38.7M
Net Margin % i4.3%-6.8%-24.8%4.8%10.8%
Key Metrics
EBITDA i41.0M-12.0M-45.5M23.9M55.3M
EPS (Basic) i$0.81$-1.03$-3.62$1.11$2.62
EPS (Diluted) i$0.78$-1.03$-3.62$0.97$2.37
Basic Shares Outstanding i2002200017135000164500001591500014801000
Diluted Shares Outstanding i2002200017135000164500001591500014801000

Income Statement Trend

Turtle Beach Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i13.0M18.7M11.4M37.7M46.7M
Short-term Investments i-----
Accounts Receivable i93.1M54.4M43.3M36.0M43.9M
Inventory i71.3M44.0M71.3M101.9M71.3M
Other Current Assets11.0M7.7M9.2M17.5M8.1M
Total Current Assets i188.4M124.9M135.2M193.1M170.0M
Non-Current Assets
Property, Plant & Equipment i31.9M27.0M25.3M22.3M21.0M
Goodwill i148.3M23.1M24.0M27.2M21.5M
Intangible Assets i42.4M1.7M2.6M5.8M5.1M
Long-term Investments-----
Other Non-Current Assets9.3M7.9M8.5M14.0M13.6M
Total Non-Current Assets i110.5M25.1M28.2M37.4M33.5M
Total Assets i298.9M150.0M163.4M230.5M203.5M
Liabilities
Current Liabilities
Accounts Payable i34.8M26.9M19.8M40.5M42.5M
Short-term Debt i50.7M-19.1M--
Current Portion of Long-term Debt-----
Other Current Liabilities-----
Total Current Liabilities i123.7M56.3M64.3M78.2M78.7M
Non-Current Liabilities
Long-term Debt i45.6M----
Deferred Tax Liabilities i----128.0K
Other Non-Current Liabilities7.6M7.0M8.0M7.2M5.3M
Total Non-Current Liabilities i54.6M8.6M10.1M11.0M8.4M
Total Liabilities i178.3M64.9M74.4M89.1M87.1M
Equity
Common Stock i20.0K18.0K17.0K16.0K15.0K
Retained Earnings i-118.1M-134.3M-116.6M-57.1M-74.8M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i120.6M85.1M88.9M141.4M116.4M
Key Metrics
Total Debt i96.3M019.1M00
Working Capital i64.7M68.5M70.8M114.9M91.3M

Balance Sheet Composition

Turtle Beach Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i16.2M-17.7M-59.5M17.7M38.7M
Depreciation & Amortization i11.4M4.8M5.8M5.3M5.2M
Stock-Based Compensation i6.2M12.0M8.0M7.7M5.5M
Working Capital Changes i-30.9M25.2M-14.8M-18.6M-1.7M
Operating Cash Flow i4.6M24.5M-54.1M11.5M47.4M
Investing Activities
Capital Expenditures i-4.9M-2.2M-3.5M-5.6M-5.7M
Acquisitions i-77.3M00-2.5M0
Investment Purchases i-----
Investment Sales i-----
Investing Cash Flow i-82.2M-2.2M-3.5M-8.1M-5.7M
Financing Activities
Share Repurchases i-27.8M-974.0K0-5.3M-325.0K
Dividends Paid i-----
Debt Issuance i396.9M210.2M91.9M120.9M323.6M
Debt Repayment i-298.5M-229.3M-72.9M-120.9M-339.2M
Financing Cash Flow i67.7M-39.2M38.1M-5.3M-27.3M
Free Cash Flow i847.0K24.9M-45.4M-5.9M45.4M
Net Change in Cash i-9.9M-16.9M-19.6M-2.0M14.5M

Cash Flow Trend

Turtle Beach Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 18.92
Forward P/E 10.38
Price to Book 2.30
Price to Sales 0.74
PEG Ratio -0.11

Profitability Ratios

Profit Margin 4.03%
Operating Margin -2.03%
Return on Equity 12.49%
Return on Assets 8.87%

Financial Health

Current Ratio 1.96
Debt to Equity 49.80
Beta 2.01

Per Share Data

EPS (TTM) $0.74
Book Value per Share $6.09
Revenue per Share $18.52

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
tbch282.0M18.922.3012.49%4.03%49.80
Apple 3.0T30.6645.67149.81%24.30%154.49
Sony 148.1B19.340.0214.18%8.81%49.26
Sonos 1.2B142.453.25-15.80%-4.74%16.46
GoPro 189.1M21.211.72-83.57%-17.93%132.95
Zepp Health 186.8M-2.800.80-28.56%-44.54%46.23

Financial data is updated regularly. All figures are in the company's reporting currency.