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CRSR

Corsair Gaming, Inc.

CRSR

Corsair Gaming, Inc. • NASDAQ
$6.52 ▲ 6.19% (+0.38)
Market Cap $688.11 M
52w High $13.02
52w Low $5.35
Dividend Yield 0%
P/E -19.76
Volume 1.29M
Outstanding Shares 105.54M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $345.763M ▲ $98.723M ▼ $-10.629M ▲ -3.074% ▲ $-0.09 ▲ $7.132M ▲
Q2-2025 $320.112M ▼ $102.794M ▼ $-20.862M ▼ -6.517% ▼ $-0.16 ▼ $-4.995M ▼
Q1-2025 $369.75M ▼ $104.625M ▲ $-10.459M ▼ -2.829% ▼ $-0.1 ▼ $7.575M ▼
Q4-2024 $413.623M ▲ $102.289M ▲ $2.286M ▲ 0.553% ▲ $0.013 ▲ $20.114M ▲
Q3-2024 $304.199M $90.605M $-51.708M -16.998% $-0.56 $-8.677M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $65.804M ▼ $1.198B ▼ $587.924M ▼ $600.23M ▼
Q2-2025 $104.625M ▲ $1.222B ▼ $606.709M ▼ $603.897M ▼
Q1-2025 $99.843M ▼ $1.239B ▲ $616.165M ▼ $608.757M ▲
Q4-2024 $107.011M ▲ $1.236B ▲ $616.377M ▲ $604.303M ▲
Q3-2024 $58.911M $1.203B $589.795M $598.484M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-9.534M ▲ $-36.991M ▼ $-4.339M ▼ $-365K ▲ $-41.397M ▼ $-41.33M ▼
Q2-2025 $-20.306M ▼ $30.193M ▲ $-2.713M ▲ $-24.779M ▼ $4.92M ▲ $27.48M ▲
Q1-2025 $-10.317M ▼ $18.75M ▼ $-3.072M ▼ $-22.254M ▼ $-7.102M ▼ $15.678M ▼
Q4-2024 $2.286M ▲ $55.555M ▲ $-2.164M ▲ $-4.064M ▲ $48.025M ▲ $54.057M ▲
Q3-2024 $-51.586M $25.101M $-34.143M $-24.474M $-32.981M $21.779M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Gamer And Creator Peripherals
Gamer And Creator Peripherals
 $100.00M ▲$170.00M ▲$110.00M ▼$100.00M ▼
Gaming Components And Systems
Gaming Components And Systems
 $200.00M ▲$240.00M ▲$260.00M ▲$220.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Corsair’s revenue has come down from its pandemic peak and has been more or less stuck in a sideways pattern. The company is basically hovering around break‑even: some years slightly profitable, the most recent year slightly in the red. Gross profit is decent for hardware, but operating profit has been thin and sensitive to demand swings and cost pressures. Overall, the income statement shows a mature, competitive business that can generate solid sales but has not yet converted that consistently into strong, reliable earnings.

Balance Sheet

Balance Sheet The balance sheet looks generally sound and relatively stable over the last few years. Total assets have held steady, equity has gradually built up, and debt has been edging down over time. Cash balances have moved around, but the company is not highly leveraged for a hardware player and appears to have a reasonable cushion. The main message is a conservative, steady capital structure rather than one stretched by excessive borrowing.

Cash Flow

Cash Flow Corsair has generated positive operating cash flow in each of the past years, even when accounting profits dipped. Free cash flow has been positive but modest, helped by relatively light capital spending needs. This suggests the core business does convert sales into cash, albeit not in a dramatic way. The company appears able to fund its needs internally under normal conditions, but does not have a large cash engine that can easily absorb major shocks or heavy new investments without trade‑offs.

Competitive Edge

Competitive Edge Corsair sits in a crowded hardware market but has carved out a strong niche with gamers, PC enthusiasts, and content creators. Its brand is well known for performance gear, and its wide lineup—from components to peripherals to streaming tools—makes it a one‑stop shop for many users. The integrated iCUE software platform and the Elgato creator ecosystem create real stickiness and switching costs. At the same time, it still faces intense competition from large, well‑funded rivals in almost every product category, which keeps pricing and margins under pressure.

Innovation and R&D

Innovation and R&D The company’s strategy leans heavily on innovation and ecosystem building rather than just price competition. It has developed its own technologies in input speed, cooling, and lighting, and keeps refreshing flagship products across headsets, keyboards, mice, and PC cases. Elgato has become a standard name in streaming gear, and the move into sim‑racing with Fanatec adds another specialized, enthusiast‑focused segment. Continued investment in software (especially iCUE), deeper integration across devices, and potential AI‑driven features are central to sustaining its edge, but they also require ongoing R&D spend in a market that can change quickly.

Summary

Corsair is a recognizable gaming and creator‑hardware brand with a broad, tightly integrated product ecosystem and strong appeal to enthusiasts. Financially, it shows steady sales, cautious use of debt, and consistently positive but modest cash generation, offset by thin margins and recent periods of slight losses. The business is exposed to the ups and downs of the PC and gaming cycles and to aggressive competition, but it benefits from brand loyalty, software‑driven stickiness, and growing positions in creator tools and sim‑racing. Future performance will hinge on converting that ecosystem strength and innovation pipeline into more durable profitability while navigating a fast‑moving, highly competitive market.

NEWS

November 21, 2025 · 7:00 AM UTC

Corsair Gaming to Present at the UBS Global Technology and AI Conference 2025

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November 20, 2025 · 4:00 PM UTC

Corsair Announces CFO Transition as Part of Long-Term Growth Strategy

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November 11, 2025 · 9:00 AM UTC

CORSAIR Expands Cross-Brand Partnership with Call of Duty®: Black Ops 7

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November 4, 2025 · 4:00 PM UTC

Corsair Gaming Reports Third Quarter 2025 Financial Results

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October 22, 2025 · 7:00 AM UTC

Corsair Gaming to Report Third Quarter 2025 Financial Results on November 4

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