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Turtle Beach Corporation

Turtle Beach Corporation

NASDAQ•TBCH
CEO: Mr. Cristopher Keirn
Sector: Technology
Industry: Consumer Electronics
Listing Date: 2010-10-05
Turtle Beach Corporation operates as an audio technology company in North America, Europe, the Middle East, and the Asia Pacific. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, and other accessories for the personal computer peripherals market under the ROCCAT brand. In addition, it provides game controllers, and gaming flight simulation and racing simulation accessories, as well as USB and analog microphones for gamers, streamers, professionals, and students. The company serves retailers and distributors. Turtle Beach Corporation was founded in 1975 and is headquartered in White Plains, New York.
Contact Information
44 South Broadway, 4th Floor, White Plains, NY, 10601, United States
888-496-8001
corp.turtlebeach.com
Market Cap
$295.48M
P/E (TTM)
15.1
37.2
Dividend Yield
--
52W High
$19.50
52W Low
$8.78
52W Range
54%
Rank63Top 84.3%
2.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$80.46M-14.74%
4-Quarter Trend

EPS

$0.09-47.06%
4-Quarter Trend

FCF

-$15.86M-35.52%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Q3 Net Income Declines Q3 2025 net income was $1.7M, a decrease from $3.4M in Q3 2024, despite margin gains achieved.
Nine Month Revenue Drops Nine months revenue totaled $201.1M, reflecting a $25.6M decrease from $226.7M in the comparable prior year period.
Gross Margin Expansion Noted Q3 Gross Margin improved to 37.4% from 36.2% due to favorable comparison against prior period acquisition step-up.
Operating Cash Flow Reverses Operating cash flow provided $22.1M for nine months, a $30.7M swing from the $8.6M used in 2024.

Risk Factors

Accessory Demand Softness Q3 revenue fell $13.9M to $80.5M, driven by a significant reduction in market demand for computer gaming accessories.
Debt Extinguishment Impacts Interest expense rose 37% in Q3 due to recognizing a $1.9M loss on extinguishment related to debt refinancing activities.
Internal Control Ineffective Disclosure controls and procedures were concluded ineffective as of September 30, 2025, requiring ongoing remediation efforts.
Trade Policy Uncertainty Changes in U.S. and foreign trade policies, including tariffs, may adversely impact competitive position and financial performance.

Outlook

New Credit Facility Established New Credit Agreement established August 2025, replacing prior debt; $34.5M excess borrowing availability noted as of period end.
Stock Repurchase Authorized Board authorized up to $75M common stock repurchase program, funded by operations or borrowings, expiring May 2027.
Liquidity Assessment Positive Management believes current cash and credit availability are sufficient to meet anticipated short-term and long-term funding needs.
Intangible Amortization Forecast Estimated annual amortization expense for definite lived intangibles totals $36.4M across the next four years following Q3 2025.

Peer Comparison

Revenue (TTM)

GoPro, Inc.GPRO
$650.75M
-27.4%
Aviat Networks, Inc.AVNW
$450.80M
+10.8%
Turtle Beach CorporationTBCH
$347.21M
+6.4%

Gross Margin (Latest Quarter)

AudioCodes Ltd.AUDC
64.1%
-1.4pp
Paysign, Inc.PAYS
56.3%
+0.7pp
ALT5 Sigma CorporationALTS
43.5%
-7.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SMRT$372.48M-5.1-26.7%1.8%
TBCH$295.48M15.117.3%25.7%
PAYS$287.96M38.619.2%2.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-18.0%
Growth Under Pressure
4Q Net Income CAGR
-56.0%
Declining Profitability
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 12, 2026
|
EPS:$1.14
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $80.46M-14.7%
    |
    EPS: $0.09-47.1%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $56.78M-25.8%
    |
    EPS: $-0.14-60.0%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $63.90M+14.4%
    |
    EPS: $-0.03-481.2%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 17, 2025|
    Revenue: $372.77M+44.4%
    |
    EPS: $0.81+178.6%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $94.36M+59.5%
    |
    EPS: $0.17-181.0%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $76.48M+59.4%
    |
    EPS: $-0.35-62.4%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 7, 2024|
    Revenue: $55.85M+8.6%
    |
    EPS: $0.01-102.1%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 13, 2024|
    Revenue: $258.12M+7.5%
    |
    EPS: $-1.03+71.5%
    Miss