The company has aggressively improved its capital structure, successfully reducing total debt from $248.9 million in 2024Q2 to a negligible $6.1 million by 2026Q1.
| Total Current Assets | 599.36M | 665.46M | 623.39M | 711.59M | 622.79M | 705.77M | 690.97M | 429.81M | 316.28M | 258.47M | 230.42M |
| Cash & Short-Term Investments | 118.15M | 98.58M | 107.01M | 175.62M | 151.18M | 62.41M | 129.54M | 48.16M | 25.64M | 19.03M | 49.01M |
| Cash Only | 118.15M | 98.58M | 107.01M | 175.62M | 151.18M | 62.41M | 129.54M | 48.16M | 25.64M | 19.03M | 49.01M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 178.38M | 233.9M | 218.65M | 253.27M | 235.66M | 291.29M | 293.63M | 202.33M | 122.04M | 120.21M | 81.89M |
| Days Sales Outstanding | 49.05 | 57.98 | 60.63 | 63.32 | 62.55 | 55.84 | 62.96 | 67.31 | 47.51 | 51.28 | 50.22 |
| Inventory | 273.47M | 303.34M | 259.98M | 240.17M | 192.72M | 298.31M | 226.01M | 151.06M | 149.02M | 113.49M | 93.3M |
| Days Inventory Outstanding | 106.42 | 105.79 | 95.97 | 79.72 | 65.22 | 78.32 | 66.69 | 63.17 | 73.02 | 61.72 | 74.01 |
| Other Current Assets | 29.37M | 29.64M | 37.75M | 42.53M | 43.24M | 2.73M | 3.79M | 3.55M | 2.28M | 2.99M | 1.34M |
| Total Non-Current Assets | 577.98M | 588.33M | 612.44M | 645.87M | 674.45M | 631.62M | 623.14M | 629.91M | 494.71M | 472.29M | 7.8M |
| Property, Plant & Equipment | 31.16M | 31.51M | 82.32M | 68.54M | 80.1M | 68.21M | 42.47M | 15.37M | 12.47M | 9.06M | 5.43M |
| Fixed Asset Turnover | 25.51x | 46.72x | 15.99x | 21.30x | 17.17x | 27.92x | 40.08x | 71.41x | 75.17x | 94.39x | 109.68x |
| Goodwill | 357.4M | 357.76M | 354.22M | 354.7M | 347.75M | 317.05M | 312.76M | 312.75M | 226.68M | 198.97M | 0 |
| Intangible Assets | 115.27M | 125.21M | 164.32M | 188.01M | 216.25M | 225.71M | 259.32M | 291.03M | 247.81M | 259.36M | 19K |
| Long-Term Investments | 499K | 250K | 246K | 239K | 0 | 0 | 0 | 230K | 0 | 0 | 0 |
| Other Non-Current Assets | 74.15M | 73.59M | 4.86M | 6.64M | 6.78M | 7.92M | 3.8M | 10.77M | 7.75M | 4.9M | 2.36M |
| Total Assets | 1.18B | 1.25B | 1.24B | 1.36B | 1.3B | 1.34B | 1.31B | 1.06B | 810.99M | 730.76M | 238.22M |
| Asset Turnover | 1.20x | 1.17x | 1.07x | 1.08x | 1.06x | 1.42x | 1.30x | 1.04x | 1.16x | 1.17x | 2.50x |
| Asset Growth % | -4.91% | 1.45% | -8.96% | 4.64% | -3% | 1.77% | 24.01% | 30.67% | 10.98% | 206.76% | - |
| Total Current Liabilities | 344.1M | 430.94M | 396.31M | 418.49M | 343M | 446.75M | 505.38M | 299.93M | 219.08M | 153.73M | 138.8M |
| Accounts Payable | 157.63M | 212.55M | 207.22M | 239.96M | 172.03M | 236.12M | 299.64M | 182.03M | 154.84M | 121.49M | 107.31M |
| Days Payables Outstanding | 78.37 | 74.13 | 76.49 | 79.65 | 58.22 | 61.99 | 88.42 | 76.11 | 75.88 | 66.06 | 85.12 |
| Short-Term Debt | 6.12M | 6.12M | 12.23M | 12.19M | 6.5M | 4.75M | 0 | 2.36M | 28.61M | 548K | 4.27M |
| Deferred Revenue (Current) | 8.24M | 0 | 7.28M | 7.44M | 6.26M | 6.66M | 0 | 4.22M | 4.57M | 4.82M | 4.78M |
| Other Current Liabilities | 180.35M | 212.28M | 35.49M | 127.53M | 19.96M | 40.72M | 54.54M | 92.16M | 22.71M | 15.22M | 14.26M |
| Current Ratio | 1.74x | 1.54x | 1.57x | 1.70x | 1.82x | 1.58x | 1.37x | 1.43x | 1.44x | 1.68x | 1.66x |
| Quick Ratio | 0.95x | 0.84x | 0.92x | 1.13x | 1.25x | 0.91x | 0.92x | 0.93x | 0.76x | 0.94x | 0.99x |
| Cash Conversion Cycle | 77.11 | 89.64 | 80.1 | 63.39 | 69.55 | 72.17 | 41.23 | 54.36 | 44.66 | 46.93 | 39.11 |
| Total Non-Current Liabilities | 172.43M | 177.09M | 220.06M | 245M | 298.81M | 322.47M | 371.34M | 543.01M | 429.21M | 326.14M | 67.02M |
| Long-Term Debt | 0 | 115.22M | 161.31M | 186.01M | 232.17M | 242.9M | 321.39M | 503.45M | 394.11M | 283.74M | 66.69M |
| Capital Lease Obligations | 99.3M | 0 | 47.66M | 38.59M | 45.46M | 51.15M | 17.57M | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 27.1M | 6.07M | 7.38M | 17.39M | 18.05M | 25.7M | 29.75M | 33.82M | 34.69M | 42M | 0 |
| Other Non-Current Liabilities | 167.46M | 55.79M | 3.71M | 3.01M | 3.13M | 2.72M | 2.63M | 5.75M | 412K | 42.4M | 331K |
| Total Liabilities | 516.53M | 608.03M | 616.38M | 663.48M | 641.81M | 769.22M | 876.73M | 842.94M | 648.29M | 479.87M | 205.82M |
| Total Debt | 6.12M | 121.34M | 237.04M | 246.5M | 295.17M | 308.26M | 348.03M | 505.81M | 422.72M | 284.28M | 70.96M |
| Net Debt | -112.03M | 22.76M | 130.03M | 70.88M | 143.99M | 245.85M | 218.49M | 457.65M | 397.08M | 265.25M | 21.95M |
| Debt / Equity | 0.01x | 0.19x | 0.38x | 0.36x | 0.45x | 0.54x | 0.80x | 2.33x | 2.60x | 1.13x | 2.19x |
| Debt / EBITDA | 0.08x | 2.16x | 122.00x | 4.08x | - | 1.68x | 1.73x | 8.26x | 7.24x | 4.53x | 1.62x |
| Net Debt / EBITDA | -1.54x | 0.40x | 66.92x | 1.17x | - | 1.34x | 1.08x | 7.48x | 6.80x | 4.23x | 0.50x |
| Interest Coverage | 2.05x | -0.30x | -3.67x | 0.80x | -5.67x | 9.97x | 4.93x | 0.62x | 0.67x | - | - |
| Total Equity | 660.81M | 645.75M | 619.45M | 693.98M | 655.43M | 568.18M | 437.39M | 216.78M | 162.7M | 250.9M | 32.4M |
| Equity Growth % | 1.1% | 4.25% | -10.74% | 5.88% | 15.36% | 29.9% | 101.77% | 33.23% | -35.15% | 674.37% | - |
| Book Value per Share | 6.13 | 6.09 | 5.95 | 6.53 | 6.81 | 5.68 | 4.76 | 2.36 | 1.08 | 1.67 | 0.35 |
| Total Shareholders' Equity | 647.64M | 633.56M | 604.3M | 667.58M | 623.84M | 568.18M | 437.39M | 216.78M | 162.7M | 250.9M | 32.4M |
| Common Stock | 708.53M | 705.37M | 10K | 10K | 10K | 9K | 9K | 8K | 8K | 15K | 1K |
| Retained Earnings | -59.37M | -71.23M | -58.77M | 40.41M | 37.22M | 98.15M | -2.81M | -106.03M | -93.16M | 1.92M | 35.39M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -92.18M |
| Accumulated OCI | -1.52M | -585K | -4.56M | -3.49M | -6.88M | -340K | 1.53M | -2.17M | -2.38M | -157K | 1.98M |
| Minority Interest | 13.17M | 12.2M | 15.15M | 26.41M | 31.6M | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory and margin volatility
According to recent quarterly filings, Corsair's total assets have remained relatively stable near $1.2 billion, yet the company's equity base has faced pressure, declining from $667.6 million in 2023Q4 to $647.6 million by 2026Q1, reflecting the ongoing challenges in maintaining consistent profitability across its hardware segments.
The stagnation in total asset growth suggests that the company is currently in a consolidation phase rather than an expansionary one. Investors should monitor whether the recent stabilization in equity levels indicates a bottoming out of the earnings-related erosion seen in previous quarters.
Based on reported financial statements, Corsair has successfully reduced its total debt from a peak of $248.9 million in 2024Q2 to just $6.1 million by 2026Q1, significantly lowering the company's debt-to-equity ratio to a negligible 0.01, which suggests a pivot toward a more conservative capital structure.
This rapid deleveraging appears to be a strategic response to the interest rate environment and the need to preserve cash during periods of operational losses. While this reduces financial risk, it also warrants investigation into whether the company has sufficient access to credit facilities should it need to fund future inventory builds or strategic acquisitions.
As reported in recent balance sheets, the company's current ratio has fluctuated between 1.45 and 1.82 over the last ten quarters, with cash reserves of $118.2 million as of 2026Q1 providing a necessary, albeit modest, buffer against the inherent volatility of the consumer hardware market.
The current liquidity position appears adequate for day-to-day operations, but the reliance on inventory turnover to generate cash flow remains a critical vulnerability. If demand for gaming components softens unexpectedly, the current cash balance may be insufficient to cover sustained operating losses without further financing.
Based on the provided data, goodwill remains a significant component of the balance sheet at $357.4 million, representing over 29% of total assets, which suggests that the company's valuation is heavily dependent on the long-term performance of past acquisitions like Elgato and Scuf.
The persistence of this goodwill figure warrants close monitoring, as any future impairment charges could significantly impact the company's equity base and overall financial health. Investors should consider whether the current earnings trajectory justifies the carrying value of these intangible assets in a competitive hardware landscape.
Quick answers to the most common questions about buying CRSR stock.
As of 2025, Corsair Gaming, Inc. (CRSR) had total assets of $1.25B including $665.5M in current assets.
Corsair Gaming, Inc. (CRSR) carries total debt of $121.3M, offset by $98.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Corsair Gaming, Inc. (CRSR) has total shareholders' equity (book value) of $633.6M ($6.09 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Corsair Gaming, Inc. (CRSR) reported a current ratio of 1.54x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.