Corsair Gaming, Inc. (CRSR) 10-Year Financial Performance & Capital Metrics

CRSR • • Industrial / General

TechnologyComputer HardwareConsumer & Gaming PeripheralsGaming Peripherals & Components

AboutCorsair Gaming, Inc., together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software. It 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 others; and PC gaming software comprising iCUE for gamers and Elgato's streaming suite for streamers and content creators. In addition, the company offers coaching and training, and other services. It sells its products through a network of distributors and retailers, including online retailers, as well as directly to consumers through its website. The company was incorporated in 1994 and is headquartered in Fremont, California. Corsair Gaming, Inc. is a subsidiary of Corsair Group (Cayman), LP.Show more

Revenue $1.32B -9.8%
EBITDA $2M -96.8%
Net Income -$85M -3188.8%
EPS (Diluted) -0.95 -3266.7%
Gross Margin 24.89% +0.8%
EBITDA Margin 0.15% -96.4%
Operating Margin -3.79% -671.8%
Net Margin -6.47% -3547.6%
ROE -12.97% -3278.7%
ROIC -4.95% -632.6%
Debt/Equity 0.38 +7.7%
Interest Coverage -3.78 -780.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 1.0x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Weak momentum: RS Rating 15 (bottom 15%)
✗Thin 5Y average net margin of 0.2%
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y3.71%

3Y-11.58%

TTM9.79%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM50.72%

EPS CAGR

10Y-

5Y-

3Y-

TTM62.57%

ROCE

10Y Avg9.8%

5Y Avg5.18%

3Y Avg-3.51%

Latest-5.62%

Peer Comparison

Gaming Peripherals & Components

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CRSRCorsair Gaming, Inc.	627.73M	5.89	-6.20	-9.83%	-2.74%	-6.5%	4.15%	0.38

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	595.12M	855.55M	937.55M	1.1B	1.7B	1.9B	1.38B	1.46B	1.32B
Revenue Growth %	-	0.44%	0.1%	0.17%	0.55%	0.12%	-0.28%	0.06%	-0.1%
Cost of Goods Sold+	460.13M	671.22M	744.86M	872.89M	1.24B	1.39B	1.08B	1.1B	988.78M
COGS % of Revenue	0.77%	0.78%	0.79%	0.8%	0.73%	0.73%	0.78%	0.75%	0.75%
Gross Profit+	134.99M	184.33M	192.69M	224.29M	465.43M	513.85M	296.63M	360.26M	327.6M
Gross Margin %	0.23%	0.22%	0.21%	0.2%	0.27%	0.27%	0.22%	0.25%	0.25%
Gross Profit Growth %	-	0.37%	0.05%	0.16%	1.08%	0.1%	-0.42%	0.21%	-0.09%
Operating Expenses+	94.52M	135.69M	170.91M	200.58M	307.07M	375.96M	351.43M	350.57M	377.55M
OpEx % of Revenue	0.16%	0.16%	0.18%	0.18%	0.18%	0.2%	0.26%	0.24%	0.29%
Selling, General & Admin	79.53M	114.54M	138.91M	163.03M	257M	315.67M	284.93M	285.31M	310.01M
SG&A % of Revenue	0.13%	0.13%	0.15%	0.15%	0.15%	0.17%	0.21%	0.2%	0.24%
Research & Development	15M	21.15M	31.99M	37.55M	50.06M	60.29M	66.49M	65.26M	67.54M
R&D % of Revenue	0.03%	0.02%	0.03%	0.03%	0.03%	0.03%	0.05%	0.04%	0.05%
Other Operating Expenses	0	0	0	0	0	0	0	0	0
Operating Income+	40.46M	48.63M	21.79M	23.71M	158.36M	137.89M	-54.79M	9.69M	-49.95M
Operating Margin %	0.07%	0.06%	0.02%	0.02%	0.09%	0.07%	-0.04%	0.01%	-0.04%
Operating Income Growth %	-	0.2%	-0.55%	0.09%	5.68%	-0.13%	-1.4%	1.18%	-6.16%
EBITDA+	43.81M	62.73M	58.35M	61.21M	201.59M	182.99M	-1.27M	60.39M	1.94M
EBITDA Margin %	0.07%	0.07%	0.06%	0.06%	0.12%	0.1%	-0%	0.04%	0%
EBITDA Growth %	-	0.43%	-0.07%	0.05%	2.29%	-0.09%	-1.01%	48.55%	-0.97%
D&A (Non-Cash Add-back)	3.34M	14.1M	36.56M	37.51M	43.23M	45.09M	53.52M	50.7M	51.9M
EBIT	40.46M	28.32M	21.97M	22.15M	153.06M	127.33M	-54.21M	13.94M	-48.45M
Net Interest Income+	0	0	-32.68M	-35.55M	-31.02M	-12.77M	-9.19M	-10.58M	-9.86M
Interest Income	3.47M	11.13M	0	0	0	0	374K	6.84M	3.35M
Interest Expense	0	0	32.68M	35.55M	31.02M	12.77M	9.56M	17.42M	13.21M
Other Income/Expense	-5.71M	-31.44M	-32.5M	-37.11M	-36.32M	-23.33M	-8.97M	-13.17M	-11.7M
Pretax Income+	34.75M	17.19M	-10.71M	-13.4M	122.04M	114.56M	-63.77M	-3.48M	-61.66M
Pretax Margin %	0.06%	0.02%	-0.01%	-0.01%	0.07%	0.06%	-0.05%	-0%	-0.05%
Income Tax+	5.66M	5.46M	3.01M	-5M	18.82M	13.6M	-9.82M	-2.44M	21.74M
Effective Tax Rate %	0.84%	0.68%	1.28%	0.63%	0.85%	0.88%	0.85%	0.74%	1.38%
Net Income+	29.09M	11.73M	-13.72M	-8.39M	103.22M	100.96M	-54.39M	-2.59M	-85.18M
Net Margin %	0.05%	0.01%	-0.01%	-0.01%	0.06%	0.05%	-0.04%	-0%	-0.06%
Net Income Growth %	-	-0.6%	-2.17%	0.39%	13.3%	-0.02%	-1.54%	0.95%	-31.89%
Net Income (Continuing)	29.09M	11.73M	-13.72M	-8.39M	103.22M	100.96M	-53.95M	-1.04M	-83.39M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	31.6M	26.41M	15.15M
EPS (Diluted)+	0.32	0.08	-0.09	-0.09	1.14	1.01	-0.63	0.03	-0.95
EPS Growth %	-	-0.76%	-2.16%	-0.01%	13.47%	-0.11%	-1.62%	1.05%	-32.67%
EPS (Basic)	0.32	0.07	-0.09	-0.09	1.20	1.08	-0.63	0.03	-0.95
Diluted Shares Outstanding	91.85M	150M	151.16M	91.85M	91.94M	100M	96.28M	106.28M	104.16M
Basic Shares Outstanding	91.85M	158.79M	146.06M	91.85M	91.94M	93.26M	96.28M	102.48M	104.16M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	230.42M	258.47M	316.28M	429.81M	690.97M	705.77M	622.79M	711.59M	623.39M
Cash & Short-Term Investments	49.01M	19.03M	25.64M	48.16M	129.54M	62.41M	151.18M	175.62M	107.01M
Cash Only	49.01M	19.03M	25.64M	48.16M	129.54M	62.41M	151.18M	175.62M	107.01M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	81.89M	120.21M	122.04M	202.33M	293.63M	291.29M	235.66M	253.27M	218.65M
Days Sales Outstanding	50.22	51.28	47.51	67.31	62.96	55.84	62.55	63.32	60.63
Inventory	93.3M	113.49M	149.02M	151.06M	226.01M	298.31M	192.72M	240.17M	259.98M
Days Inventory Outstanding	74.01	61.72	73.02	63.17	66.69	78.32	65.22	79.72	95.97
Other Current Assets	1.34M	2.99M	2.28M	3.55M	3.79M	2.73M	43.24M	42.53M	37.75M
Total Non-Current Assets+	7.8M	472.29M	494.71M	629.91M	623.14M	631.62M	674.45M	645.87M	612.44M
Property, Plant & Equipment	5.43M	9.06M	12.47M	15.37M	42.47M	68.21M	80.1M	68.54M	82.32M
Fixed Asset Turnover	109.68x	94.39x	75.17x	71.41x	40.08x	27.92x	17.17x	21.30x	15.99x
Goodwill	0	198.97M	226.68M	312.75M	312.76M	317.05M	347.75M	354.7M	354.22M
Intangible Assets	19K	259.36M	247.81M	291.03M	259.32M	225.71M	216.25M	188.01M	164.32M
Long-Term Investments	0	0	0	230K	0	0	0	239K	246K
Other Non-Current Assets	2.36M	4.9M	7.75M	10.77M	3.8M	7.92M	6.78M	6.64M	4.86M
Total Assets+	238.22M	730.76M	810.99M	1.06B	1.31B	1.34B	1.3B	1.36B	1.24B
Asset Turnover	2.50x	1.17x	1.16x	1.04x	1.30x	1.42x	1.06x	1.08x	1.07x
Asset Growth %	-	2.07%	0.11%	0.31%	0.24%	0.02%	-0.03%	0.05%	-0.09%
Total Current Liabilities+	138.8M	153.73M	219.08M	299.93M	505.38M	446.75M	343M	418.49M	396.31M
Accounts Payable	107.31M	121.49M	154.84M	182.03M	299.64M	236.12M	172.03M	239.96M	207.22M
Days Payables Outstanding	85.12	66.06	75.88	76.11	88.42	61.99	58.22	79.65	76.49
Short-Term Debt	4.27M	548K	28.61M	2.36M	0	4.75M	6.5M	12.19M	12.23M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K
Other Current Liabilities	14.26M	15.22M	22.71M	92.16M	54.54M	40.72M	19.96M	127.53M	35.49M
Current Ratio	1.66x	1.68x	1.44x	1.43x	1.37x	1.58x	1.82x	1.70x	1.57x
Quick Ratio	0.99x	0.94x	0.76x	0.93x	0.92x	0.91x	1.25x	1.13x	0.92x
Cash Conversion Cycle	39.11	46.93	44.66	54.36	41.23	72.17	69.55	63.39	80.1
Total Non-Current Liabilities+	67.02M	326.14M	429.21M	543.01M	371.34M	322.47M	298.81M	245M	220.06M
Long-Term Debt	66.69M	283.74M	394.11M	503.45M	321.39M	242.9M	232.17M	186.01M	161.31M
Capital Lease Obligations	0	0	0	0	17.57M	51.15M	45.46M	38.59M	47.66M
Deferred Tax Liabilities	0	42M	34.69M	33.82M	29.75M	25.7M	18.05M	17.39M	7.38M
Other Non-Current Liabilities	331K	42.4M	412K	5.75M	2.63M	2.72M	3.13M	3.01M	3.71M
Total Liabilities	205.82M	479.87M	648.29M	842.94M	876.73M	769.22M	641.81M	663.48M	616.38M
Total Debt+	70.96M	284.28M	422.72M	505.81M	348.03M	308.26M	295.17M	246.5M	237.04M
Net Debt	21.95M	265.25M	397.08M	457.65M	218.49M	245.85M	143.99M	70.88M	130.03M
Debt / Equity	2.19x	1.13x	2.60x	2.33x	0.80x	0.54x	0.45x	0.36x	0.38x
Debt / EBITDA	1.62x	4.53x	7.24x	8.26x	1.73x	1.68x	-	4.08x	122.00x
Net Debt / EBITDA	0.50x	4.23x	6.80x	7.48x	1.08x	1.34x	-	1.17x	66.92x
Interest Coverage	-	-	0.67x	0.67x	5.10x	10.80x	-5.73x	0.56x	-3.78x
Total Equity+	32.4M	250.9M	162.7M	216.78M	437.39M	568.18M	655.43M	693.98M	619.45M
Equity Growth %	-	6.74%	-0.35%	0.33%	1.02%	0.3%	0.15%	0.06%	-0.11%
Book Value per Share	0.35	1.67	1.08	2.36	4.76	5.68	6.81	6.53	5.95
Total Shareholders' Equity	32.4M	250.9M	162.7M	216.78M	437.39M	568.18M	623.84M	667.58M	604.3M
Common Stock	1K	15K	8K	8K	9K	9K	10K	10K	10K
Retained Earnings	35.39M	1.92M	-93.16M	-106.03M	-2.81M	98.15M	37.22M	40.41M	-58.77M
Treasury Stock	-92.18M	0	0	0	0	0	0	0	0
Accumulated OCI	1.98M	-157K	-2.38M	-2.17M	1.53M	-340K	-6.88M	-3.49M	-4.56M
Minority Interest	0	0	0	0	0	0	31.6M	26.41M	15.15M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	29.89M	-2.98M	422K	37.1M	168.95M	20.19M	66.39M	89.15M	35.88M
Operating CF Margin %	0.05%	-0%	0%	0.03%	0.1%	0.01%	0.05%	0.06%	0.03%
Operating CF Growth %	-	-1.1%	1.14%	86.92%	3.55%	-0.88%	2.29%	0.34%	-0.6%
Net Income	29.09M	11.73M	-13.72M	-8.39M	103.22M	100.96M	-53.95M	3.19M	-83.39M
Depreciation & Amortization	3.34M	14.1M	36.56M	37.51M	43.23M	45.09M	53.52M	50.7M	51.9M
Stock-Based Compensation	1.03M	3.71M	2.75M	3.85M	5.8M	17.23M	22.16M	30.87M	30.59M
Deferred Taxes	-1.36M	-6.09M	-3.02M	-11.54M	-7.48M	-11.96M	-21.74M	-6.33M	11.42M
Other Non-Cash Items	28.74M	76.16M	3.38M	2.64M	9.26M	9.62M	4.87M	39K	3.08M
Working Capital Changes	-5.4M	-27.77M	-25.54M	13.04M	14.92M	-140.75M	61.52M	10.69M	22.29M
Change in Receivables	-6.49M	-37.8M	-7.34M	-48.03M	-91.49M	444K	55.84M	-17.69M	32.28M
Change in Inventory	-21.65M	-20.19M	-29.75M	15.71M	-80.09M	-71.32M	111.29M	-39.47M	18.32M
Change in Payables	10.29M	15.08M	25.84M	16.2M	116.52M	-63.72M	-65.93M	62.15M	-39.51M
Cash from Investing+	-3.98M	-535.77M	-38.55M	-145.43M	-10.28M	-20.54M	-47.03M	-26.98M	-52.7M
Capital Expenditures	-3.98M	-6.64M	-8.35M	-9.02M	-8.99M	-10.97M	-26.32M	-12.76M	-9.85M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-15K	-250K	0	-10.3M	0	-4.72M	815K	0	-766K
Cash from Financing+	-898K	519.87M	47.35M	132.31M	-79.13M	-65.4M	72.61M	-37.39M	-50.68M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-85M	0	0	0	-4.31M	0	-5.79M
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-1.1M	238.44M	21.87M	50.93M	-7.12M	-397K	4.75M	-3.34M	-25.27M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	25.9M	-9.62M	-7.92M	28.08M	159.96M	9.22M	40.07M	76.39M	26.03M
FCF Margin %	0.04%	-0.01%	-0.01%	0.03%	0.09%	0%	0.03%	0.05%	0.02%
FCF Growth %	-	-1.37%	0.18%	4.54%	4.7%	-0.94%	3.35%	0.91%	-0.66%
FCF per Share	0.28	-0.06	-0.05	0.31	1.74	0.09	0.42	0.72	0.25
FCF Conversion (FCF/Net Income)	1.03x	-0.25x	-0.03x	-4.42x	1.64x	0.20x	-1.22x	-34.42x	-0.42x
Interest Paid	0	0	28.86M	32.84M	27.96M	11.27M	9.02M	16.77M	12.79M
Taxes Paid	0	0	6.12M	571K	13.51M	41.24M	14.22M	7.38M	5.1M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	89.79%	8.28%	-6.63%	-4.42%	31.56%	20.08%	-8.89%	-0.38%	-12.97%
Return on Invested Capital (ROIC)	55.84%	12.79%	3.04%	2.88%	17.86%	14.07%	-5.09%	0.93%	-4.95%
Gross Margin	22.68%	21.54%	20.55%	20.44%	27.34%	26.99%	21.57%	24.68%	24.89%
Net Margin	4.89%	1.37%	-1.46%	-0.77%	6.06%	5.3%	-3.96%	-0.18%	-6.47%
Debt / Equity	2.19x	1.13x	2.60x	2.33x	0.80x	0.54x	0.45x	0.36x	0.38x
Interest Coverage	-	-	0.67x	0.67x	5.10x	10.80x	-5.73x	0.56x	-3.78x
FCF Conversion	1.03x	-0.25x	-0.03x	-4.42x	1.64x	0.20x	-1.22x	-34.42x	-0.42x
Revenue Growth	-	43.76%	9.59%	17.03%	55.16%	11.85%	-27.78%	6.17%	-9.83%

Revenue by Segment

	2020	2021	2022	2023	2024
Gaming Components And Systems	1.16B	1.26B	937.28M	1.06B	843.65M
Gaming Components And Systems Growth	-	8.07%	-25.43%	13.63%	-20.78%
Gamer And Creator Peripherals	539.37M	647.2M	437.82M	394.88M	472.73M
Gamer And Creator Peripherals Growth	-	19.99%	-32.35%	-9.81%	19.71%

Revenue by Geography

	2020	2021	2022	2023	2024
Americas	775.42M	841.65M	724.11M	751.07M	696.54M
Americas Growth	-	8.54%	-13.97%	3.72%	-7.26%
Europe And Middle East	624.21M	735.15M	405.64M	512.16M	475.86M
Europe And Middle East Growth	-	17.77%	-44.82%	26.26%	-7.09%
Asia Pacific	302.73M	327.26M	245.34M	196.65M	143.99M
Asia Pacific Growth	-	8.10%	-25.03%	-19.85%	-26.78%

Frequently Asked Questions

Growth & Financials

Corsair Gaming, Inc. (CRSR) reported $1.45B in revenue for fiscal year 2024. This represents a 144% increase from $595.1M in 2016.

Corsair Gaming, Inc. (CRSR) saw revenue decline by 9.8% over the past year.

Corsair Gaming, Inc. (CRSR) reported a net loss of $39.7M for fiscal year 2024.

Dividend & Returns

Yes, Corsair Gaming, Inc. (CRSR) pays a dividend with a yield of 0.94%. This makes it attractive for income-focused investors.

Corsair Gaming, Inc. (CRSR) has a return on equity (ROE) of -13.0%. Negative ROE indicates the company is unprofitable.

Corsair Gaming, Inc. (CRSR) generated $55.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Corsair Gaming, Inc. (CRSR) 10-Year Financial Performance & Capital Metrics

CRSR • • Industrial / General

TechnologyComputer HardwareConsumer & Gaming PeripheralsGaming Peripherals & Components

Revenue $1.32B -9.8%
EBITDA $2M -96.8%
Net Income -$85M -3188.8%
EPS (Diluted) -0.95 -3266.7%
Gross Margin 24.89% +0.8%
EBITDA Margin 0.15% -96.4%
Operating Margin -3.79% -671.8%
Net Margin -6.47% -3547.6%
ROE -12.97% -3278.7%
ROIC -4.95% -632.6%
Debt/Equity 0.38 +7.7%
Interest Coverage -3.78 -780.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 1.0x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Weak momentum: RS Rating 15 (bottom 15%)
✗Thin 5Y average net margin of 0.2%
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y3.71%

3Y-11.58%

TTM9.79%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM50.72%

EPS CAGR

10Y-

5Y-

3Y-

TTM62.57%

ROCE

10Y Avg9.8%

5Y Avg5.18%

3Y Avg-3.51%

Latest-5.62%

Peer Comparison

Gaming Peripherals & Components

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CRSRCorsair Gaming, Inc.	627.73M	5.89	-6.20	-9.83%	-2.74%	-6.5%	4.15%	0.38

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	595.12M	855.55M	937.55M	1.1B	1.7B	1.9B	1.38B	1.46B	1.32B
Revenue Growth %	-	0.44%	0.1%	0.17%	0.55%	0.12%	-0.28%	0.06%	-0.1%
Cost of Goods Sold+	460.13M	671.22M	744.86M	872.89M	1.24B	1.39B	1.08B	1.1B	988.78M
COGS % of Revenue	0.77%	0.78%	0.79%	0.8%	0.73%	0.73%	0.78%	0.75%	0.75%
Gross Profit+	134.99M	184.33M	192.69M	224.29M	465.43M	513.85M	296.63M	360.26M	327.6M
Gross Margin %	0.23%	0.22%	0.21%	0.2%	0.27%	0.27%	0.22%	0.25%	0.25%
Gross Profit Growth %	-	0.37%	0.05%	0.16%	1.08%	0.1%	-0.42%	0.21%	-0.09%
Operating Expenses+	94.52M	135.69M	170.91M	200.58M	307.07M	375.96M	351.43M	350.57M	377.55M
OpEx % of Revenue	0.16%	0.16%	0.18%	0.18%	0.18%	0.2%	0.26%	0.24%	0.29%
Selling, General & Admin	79.53M	114.54M	138.91M	163.03M	257M	315.67M	284.93M	285.31M	310.01M
SG&A % of Revenue	0.13%	0.13%	0.15%	0.15%	0.15%	0.17%	0.21%	0.2%	0.24%
Research & Development	15M	21.15M	31.99M	37.55M	50.06M	60.29M	66.49M	65.26M	67.54M
R&D % of Revenue	0.03%	0.02%	0.03%	0.03%	0.03%	0.03%	0.05%	0.04%	0.05%
Other Operating Expenses	0	0	0	0	0	0	0	0	0
Operating Income+	40.46M	48.63M	21.79M	23.71M	158.36M	137.89M	-54.79M	9.69M	-49.95M
Operating Margin %	0.07%	0.06%	0.02%	0.02%	0.09%	0.07%	-0.04%	0.01%	-0.04%
Operating Income Growth %	-	0.2%	-0.55%	0.09%	5.68%	-0.13%	-1.4%	1.18%	-6.16%
EBITDA+	43.81M	62.73M	58.35M	61.21M	201.59M	182.99M	-1.27M	60.39M	1.94M
EBITDA Margin %	0.07%	0.07%	0.06%	0.06%	0.12%	0.1%	-0%	0.04%	0%
EBITDA Growth %	-	0.43%	-0.07%	0.05%	2.29%	-0.09%	-1.01%	48.55%	-0.97%
D&A (Non-Cash Add-back)	3.34M	14.1M	36.56M	37.51M	43.23M	45.09M	53.52M	50.7M	51.9M
EBIT	40.46M	28.32M	21.97M	22.15M	153.06M	127.33M	-54.21M	13.94M	-48.45M
Net Interest Income+	0	0	-32.68M	-35.55M	-31.02M	-12.77M	-9.19M	-10.58M	-9.86M
Interest Income	3.47M	11.13M	0	0	0	0	374K	6.84M	3.35M
Interest Expense	0	0	32.68M	35.55M	31.02M	12.77M	9.56M	17.42M	13.21M
Other Income/Expense	-5.71M	-31.44M	-32.5M	-37.11M	-36.32M	-23.33M	-8.97M	-13.17M	-11.7M
Pretax Income+	34.75M	17.19M	-10.71M	-13.4M	122.04M	114.56M	-63.77M	-3.48M	-61.66M
Pretax Margin %	0.06%	0.02%	-0.01%	-0.01%	0.07%	0.06%	-0.05%	-0%	-0.05%
Income Tax+	5.66M	5.46M	3.01M	-5M	18.82M	13.6M	-9.82M	-2.44M	21.74M
Effective Tax Rate %	0.84%	0.68%	1.28%	0.63%	0.85%	0.88%	0.85%	0.74%	1.38%
Net Income+	29.09M	11.73M	-13.72M	-8.39M	103.22M	100.96M	-54.39M	-2.59M	-85.18M
Net Margin %	0.05%	0.01%	-0.01%	-0.01%	0.06%	0.05%	-0.04%	-0%	-0.06%
Net Income Growth %	-	-0.6%	-2.17%	0.39%	13.3%	-0.02%	-1.54%	0.95%	-31.89%
Net Income (Continuing)	29.09M	11.73M	-13.72M	-8.39M	103.22M	100.96M	-53.95M	-1.04M	-83.39M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	31.6M	26.41M	15.15M
EPS (Diluted)+	0.32	0.08	-0.09	-0.09	1.14	1.01	-0.63	0.03	-0.95
EPS Growth %	-	-0.76%	-2.16%	-0.01%	13.47%	-0.11%	-1.62%	1.05%	-32.67%
EPS (Basic)	0.32	0.07	-0.09	-0.09	1.20	1.08	-0.63	0.03	-0.95
Diluted Shares Outstanding	91.85M	150M	151.16M	91.85M	91.94M	100M	96.28M	106.28M	104.16M
Basic Shares Outstanding	91.85M	158.79M	146.06M	91.85M	91.94M	93.26M	96.28M	102.48M	104.16M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	230.42M	258.47M	316.28M	429.81M	690.97M	705.77M	622.79M	711.59M	623.39M
Cash & Short-Term Investments	49.01M	19.03M	25.64M	48.16M	129.54M	62.41M	151.18M	175.62M	107.01M
Cash Only	49.01M	19.03M	25.64M	48.16M	129.54M	62.41M	151.18M	175.62M	107.01M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	81.89M	120.21M	122.04M	202.33M	293.63M	291.29M	235.66M	253.27M	218.65M
Days Sales Outstanding	50.22	51.28	47.51	67.31	62.96	55.84	62.55	63.32	60.63
Inventory	93.3M	113.49M	149.02M	151.06M	226.01M	298.31M	192.72M	240.17M	259.98M
Days Inventory Outstanding	74.01	61.72	73.02	63.17	66.69	78.32	65.22	79.72	95.97
Other Current Assets	1.34M	2.99M	2.28M	3.55M	3.79M	2.73M	43.24M	42.53M	37.75M
Total Non-Current Assets+	7.8M	472.29M	494.71M	629.91M	623.14M	631.62M	674.45M	645.87M	612.44M
Property, Plant & Equipment	5.43M	9.06M	12.47M	15.37M	42.47M	68.21M	80.1M	68.54M	82.32M
Fixed Asset Turnover	109.68x	94.39x	75.17x	71.41x	40.08x	27.92x	17.17x	21.30x	15.99x
Goodwill	0	198.97M	226.68M	312.75M	312.76M	317.05M	347.75M	354.7M	354.22M
Intangible Assets	19K	259.36M	247.81M	291.03M	259.32M	225.71M	216.25M	188.01M	164.32M
Long-Term Investments	0	0	0	230K	0	0	0	239K	246K
Other Non-Current Assets	2.36M	4.9M	7.75M	10.77M	3.8M	7.92M	6.78M	6.64M	4.86M
Total Assets+	238.22M	730.76M	810.99M	1.06B	1.31B	1.34B	1.3B	1.36B	1.24B
Asset Turnover	2.50x	1.17x	1.16x	1.04x	1.30x	1.42x	1.06x	1.08x	1.07x
Asset Growth %	-	2.07%	0.11%	0.31%	0.24%	0.02%	-0.03%	0.05%	-0.09%
Total Current Liabilities+	138.8M	153.73M	219.08M	299.93M	505.38M	446.75M	343M	418.49M	396.31M
Accounts Payable	107.31M	121.49M	154.84M	182.03M	299.64M	236.12M	172.03M	239.96M	207.22M
Days Payables Outstanding	85.12	66.06	75.88	76.11	88.42	61.99	58.22	79.65	76.49
Short-Term Debt	4.27M	548K	28.61M	2.36M	0	4.75M	6.5M	12.19M	12.23M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K
Other Current Liabilities	14.26M	15.22M	22.71M	92.16M	54.54M	40.72M	19.96M	127.53M	35.49M
Current Ratio	1.66x	1.68x	1.44x	1.43x	1.37x	1.58x	1.82x	1.70x	1.57x
Quick Ratio	0.99x	0.94x	0.76x	0.93x	0.92x	0.91x	1.25x	1.13x	0.92x
Cash Conversion Cycle	39.11	46.93	44.66	54.36	41.23	72.17	69.55	63.39	80.1
Total Non-Current Liabilities+	67.02M	326.14M	429.21M	543.01M	371.34M	322.47M	298.81M	245M	220.06M
Long-Term Debt	66.69M	283.74M	394.11M	503.45M	321.39M	242.9M	232.17M	186.01M	161.31M
Capital Lease Obligations	0	0	0	0	17.57M	51.15M	45.46M	38.59M	47.66M
Deferred Tax Liabilities	0	42M	34.69M	33.82M	29.75M	25.7M	18.05M	17.39M	7.38M
Other Non-Current Liabilities	331K	42.4M	412K	5.75M	2.63M	2.72M	3.13M	3.01M	3.71M
Total Liabilities	205.82M	479.87M	648.29M	842.94M	876.73M	769.22M	641.81M	663.48M	616.38M
Total Debt+	70.96M	284.28M	422.72M	505.81M	348.03M	308.26M	295.17M	246.5M	237.04M
Net Debt	21.95M	265.25M	397.08M	457.65M	218.49M	245.85M	143.99M	70.88M	130.03M
Debt / Equity	2.19x	1.13x	2.60x	2.33x	0.80x	0.54x	0.45x	0.36x	0.38x
Debt / EBITDA	1.62x	4.53x	7.24x	8.26x	1.73x	1.68x	-	4.08x	122.00x
Net Debt / EBITDA	0.50x	4.23x	6.80x	7.48x	1.08x	1.34x	-	1.17x	66.92x
Interest Coverage	-	-	0.67x	0.67x	5.10x	10.80x	-5.73x	0.56x	-3.78x
Total Equity+	32.4M	250.9M	162.7M	216.78M	437.39M	568.18M	655.43M	693.98M	619.45M
Equity Growth %	-	6.74%	-0.35%	0.33%	1.02%	0.3%	0.15%	0.06%	-0.11%
Book Value per Share	0.35	1.67	1.08	2.36	4.76	5.68	6.81	6.53	5.95
Total Shareholders' Equity	32.4M	250.9M	162.7M	216.78M	437.39M	568.18M	623.84M	667.58M	604.3M
Common Stock	1K	15K	8K	8K	9K	9K	10K	10K	10K
Retained Earnings	35.39M	1.92M	-93.16M	-106.03M	-2.81M	98.15M	37.22M	40.41M	-58.77M
Treasury Stock	-92.18M	0	0	0	0	0	0	0	0
Accumulated OCI	1.98M	-157K	-2.38M	-2.17M	1.53M	-340K	-6.88M	-3.49M	-4.56M
Minority Interest	0	0	0	0	0	0	31.6M	26.41M	15.15M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	29.89M	-2.98M	422K	37.1M	168.95M	20.19M	66.39M	89.15M	35.88M
Operating CF Margin %	0.05%	-0%	0%	0.03%	0.1%	0.01%	0.05%	0.06%	0.03%
Operating CF Growth %	-	-1.1%	1.14%	86.92%	3.55%	-0.88%	2.29%	0.34%	-0.6%
Net Income	29.09M	11.73M	-13.72M	-8.39M	103.22M	100.96M	-53.95M	3.19M	-83.39M
Depreciation & Amortization	3.34M	14.1M	36.56M	37.51M	43.23M	45.09M	53.52M	50.7M	51.9M
Stock-Based Compensation	1.03M	3.71M	2.75M	3.85M	5.8M	17.23M	22.16M	30.87M	30.59M
Deferred Taxes	-1.36M	-6.09M	-3.02M	-11.54M	-7.48M	-11.96M	-21.74M	-6.33M	11.42M
Other Non-Cash Items	28.74M	76.16M	3.38M	2.64M	9.26M	9.62M	4.87M	39K	3.08M
Working Capital Changes	-5.4M	-27.77M	-25.54M	13.04M	14.92M	-140.75M	61.52M	10.69M	22.29M
Change in Receivables	-6.49M	-37.8M	-7.34M	-48.03M	-91.49M	444K	55.84M	-17.69M	32.28M
Change in Inventory	-21.65M	-20.19M	-29.75M	15.71M	-80.09M	-71.32M	111.29M	-39.47M	18.32M
Change in Payables	10.29M	15.08M	25.84M	16.2M	116.52M	-63.72M	-65.93M	62.15M	-39.51M
Cash from Investing+	-3.98M	-535.77M	-38.55M	-145.43M	-10.28M	-20.54M	-47.03M	-26.98M	-52.7M
Capital Expenditures	-3.98M	-6.64M	-8.35M	-9.02M	-8.99M	-10.97M	-26.32M	-12.76M	-9.85M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-15K	-250K	0	-10.3M	0	-4.72M	815K	0	-766K
Cash from Financing+	-898K	519.87M	47.35M	132.31M	-79.13M	-65.4M	72.61M	-37.39M	-50.68M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-85M	0	0	0	-4.31M	0	-5.79M
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-1.1M	238.44M	21.87M	50.93M	-7.12M	-397K	4.75M	-3.34M	-25.27M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	25.9M	-9.62M	-7.92M	28.08M	159.96M	9.22M	40.07M	76.39M	26.03M
FCF Margin %	0.04%	-0.01%	-0.01%	0.03%	0.09%	0%	0.03%	0.05%	0.02%
FCF Growth %	-	-1.37%	0.18%	4.54%	4.7%	-0.94%	3.35%	0.91%	-0.66%
FCF per Share	0.28	-0.06	-0.05	0.31	1.74	0.09	0.42	0.72	0.25
FCF Conversion (FCF/Net Income)	1.03x	-0.25x	-0.03x	-4.42x	1.64x	0.20x	-1.22x	-34.42x	-0.42x
Interest Paid	0	0	28.86M	32.84M	27.96M	11.27M	9.02M	16.77M	12.79M
Taxes Paid	0	0	6.12M	571K	13.51M	41.24M	14.22M	7.38M	5.1M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	89.79%	8.28%	-6.63%	-4.42%	31.56%	20.08%	-8.89%	-0.38%	-12.97%
Return on Invested Capital (ROIC)	55.84%	12.79%	3.04%	2.88%	17.86%	14.07%	-5.09%	0.93%	-4.95%
Gross Margin	22.68%	21.54%	20.55%	20.44%	27.34%	26.99%	21.57%	24.68%	24.89%
Net Margin	4.89%	1.37%	-1.46%	-0.77%	6.06%	5.3%	-3.96%	-0.18%	-6.47%
Debt / Equity	2.19x	1.13x	2.60x	2.33x	0.80x	0.54x	0.45x	0.36x	0.38x
Interest Coverage	-	-	0.67x	0.67x	5.10x	10.80x	-5.73x	0.56x	-3.78x
FCF Conversion	1.03x	-0.25x	-0.03x	-4.42x	1.64x	0.20x	-1.22x	-34.42x	-0.42x
Revenue Growth	-	43.76%	9.59%	17.03%	55.16%	11.85%	-27.78%	6.17%	-9.83%

Revenue by Segment

	2020	2021	2022	2023	2024
Gaming Components And Systems	1.16B	1.26B	937.28M	1.06B	843.65M
Gaming Components And Systems Growth	-	8.07%	-25.43%	13.63%	-20.78%
Gamer And Creator Peripherals	539.37M	647.2M	437.82M	394.88M	472.73M
Gamer And Creator Peripherals Growth	-	19.99%	-32.35%	-9.81%	19.71%

Revenue by Geography

	2020	2021	2022	2023	2024
Americas	775.42M	841.65M	724.11M	751.07M	696.54M
Americas Growth	-	8.54%	-13.97%	3.72%	-7.26%
Europe And Middle East	624.21M	735.15M	405.64M	512.16M	475.86M
Europe And Middle East Growth	-	17.77%	-44.82%	26.26%	-7.09%
Asia Pacific	302.73M	327.26M	245.34M	196.65M	143.99M
Asia Pacific Growth	-	8.10%	-25.03%	-19.85%	-26.78%

Frequently Asked Questions

Growth & Financials

Corsair Gaming, Inc. (CRSR) reported $1.45B in revenue for fiscal year 2024. This represents a 144% increase from $595.1M in 2016.

Corsair Gaming, Inc. (CRSR) saw revenue decline by 9.8% over the past year.

Corsair Gaming, Inc. (CRSR) reported a net loss of $39.7M for fiscal year 2024.

Dividend & Returns

Yes, Corsair Gaming, Inc. (CRSR) pays a dividend with a yield of 0.94%. This makes it attractive for income-focused investors.

Corsair Gaming, Inc. (CRSR) has a return on equity (ROE) of -13.0%. Negative ROE indicates the company is unprofitable.

Corsair Gaming, Inc. (CRSR) generated $55.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.