Corsair Gaming, Inc.
NASDAQ•CRSR
CEO: Mr. Andrew J. Paul
Sector: Technology
Industry: Computer Hardware
Listing Date: 2020-09-23
Corsair Gaming, Inc., together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products. The company also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs and laptops, gaming monitors, and others; and PC gaming software comprising iCUE for gamers and Elgato streaming suite for content creators, as well as digital services. It sells its products through e-retail, retail, and direct-to-consumer channels and distributors. Corsair Gaming, Inc. was formerly known as Corsair Components (Cayman) Ltd and changed its name to Corsair Gaming, Inc in August 2017. The company was incorporated in 1994 and is headquartered in Milpitas, California.
Contact Information
Market Cap
$601.57M
P/E (TTM)
-17.0
29.6
Dividend Yield
--
52W High
$13.02
52W Low
$5.35
52W Range
Rank53Top 76.1%
2.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$345.76M+13.66%
4-Quarter Trend
EPS
-$0.09-83.98%
4-Quarter Trend
FCF
-$41.33M-289.77%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Revenue Growth Strong Net revenue $345.8M Q3 2025, up 13.7% compared to prior period; 9-month revenue up 14.7%.
Gross Margin Significantly Improved Gross margin 26.9% Q3 2025, expanding 400 bps due to better product mix and Fanatec inclusion.
Operating Cash Flow Positive Nine months operating cash flow $12.0M provided, reversing prior $19.7M used; driven by non-cash adjustments.
Net Loss Substantially Reduced Net loss attributable to CRSR $(10.6M) Q3 2025, sharply reduced from $(51.7M) loss in Q3 2024.
Risk Factors
Global Tariff Environment Volatile Evolving global trade dynamics and proposed US tariffs create volatile environment; mitigation efforts ongoing through 2025.
High Customer Concentration Risk Amazon accounted for 29.3% of Q3 revenue; top ten customers represent 50.4% of nine-month revenue.
Variable Rate Debt Exposure $123.4M outstanding variable rate term loan exposes interest expense to hypothetical 100 bps rate change impact of $1.2M.
Product Cycle Dependency High Operating results materially affected by timing of new GPU/CPU releases and acceptance of new sophisticated games.
Outlook
New Credit Facility Secured Refinanced debt in June 2025, securing $225.0M commitments including June 2030 Term Loan and Revolving Facility.
Fanatec Growth Expected Expect Fanatec products to continue drawing key specialist retailers, expanding reach in enthusiast gaming market for 2025.
Liquidity Sufficient Next Year Anticipated cash flows combined with $99.8M borrowing capacity expected to fund needs for at least next twelve months.
Continued Product Introductions Plan to continue developing and releasing new products; 80 new products released in first nine months of 2025.
Peer Comparison
Revenue (TTM)
$1.45B
$696.78M
$573.52M
Gross Margin (Latest Quarter)
84.1%
74.4%
SSYS41.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| POET | $1.09B | -14.7 | -119.7% | 6.8% |
| SSYS | $956.03M | -7.5 | -15.3% | 2.9% |
| OPFI | $865.20M | 68.1 | 13.1% | 46.2% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-5.8%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Feb 11, 2026
EPS:$0.26
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 4, 2025|Revenue: $345.76M+13.7%|EPS: $-0.09-84.0%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 7, 2025|Revenue: $320.11M+22.5%|EPS: $-0.16-42.9%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 7, 2025|Revenue: $369.75M+9.6%|EPS: $-0.10-20.3%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 26, 2025|Revenue: $1.32B-9.8%|EPS: $-0.95-3154.7%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 6, 2024|Revenue: $304.20M-16.2%|EPS: $-0.56+1772.9%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 1, 2024|Revenue: $261.30M-19.7%|EPS: $-0.28+539.3%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 7, 2024|Revenue: $337.26M-4.7%|EPS: $-0.12+640.7%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 27, 2024|Revenue: $1.46B+6.2%|EPS: $0.03+104.9%Miss