Turtle Beach Corporation(TBCH)Earnings, Financials & Key Ratios
TBCH•NASDAQ
$12.09
$240M mkt cap·15.7× P/E·Price updated May 6, 2026
AboutTurtle 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.Show more
- Revenue$320M-14.2%
- EBITDA$32M+1.7%
- Net Income$16M-2.8%
- EPS (Diluted)0.77-1.3%
- Gross Margin37.29%+7.8%
- EBITDA Margin9.99%+18.6%
- Operating Margin6.11%+13.7%
- Net Margin4.92%+13.3%
- ROE12.63%-19.7%
- ROIC7.17%-33.4%
- Debt/Equity0.66-24.8%
- Interest Coverage2.00-13.9%
TBCH Key Insights
Turtle Beach Corporation (TBCH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
- ✓Efficient asset utilization: 1.2x turnover
✗Weaknesses
- ✗Weak 3Y average ROE of 2.7%
- ✗Profits declining 16.5% over 5 years
- ✗Weak momentum: RS Rating 19 (bottom 19%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
TBCH Price & Volume
Turtle Beach Corporation (TBCH) stock price & volume — 10-year historical chart
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TBCH Growth Metrics
Turtle Beach Corporation (TBCH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-2.34%
3 Years10.03%
TTM-14.18%
Profit CAGR
10 Years-
5 Years-16.5%
3 Years-
TTM-2.79%
EPS CAGR
10 Years-
5 Years-20.14%
3 Years-
TTM1.78%
Return on Capital
10 Years3.66%
5 Years-3.48%
3 Years2.93%
Last Year10.96%
TBCH Recent Earnings
Turtle Beach Corporation (TBCH) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Mar 12, 2026EPS
$0.89
Est $1.12
-20.5%
Revenue
$119M
Est $144M
-17.6%
Q4 2025
Nov 6, 2025EPS
$0.08
Est $0.15
-46.7%
Revenue
$80M
Est $145M
-44.6%
Q3 2025
Aug 7, 2025EPS
$0.14
Est $0.27
+48.1%
Revenue
$57M
Est $84M
-32.6%
Q2 2025
May 8, 2025EPS
$0.03
Est $0.05
+40.0%
Revenue
$64M
Est $62M
+3.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 12, 2026 | $0.89vs $1.12-20.5% | $119Mvs $144M-17.6% |
| Q4 2025 | Nov 6, 2025 | $0.08vs $0.15-46.7% | $80Mvs $145M-44.6% |
| Q3 2025 | Aug 7, 2025 | $0.14vs $0.27+48.1% | $57Mvs $84M-32.6% |
| Q2 2025 | May 8, 2025 | $0.03vs $0.05+40.0% | $64Mvs $62M+3.4% |
Based on last 12 quarters of dataView full earnings history →
TBCH Peer Comparison
Turtle Beach Corporation (TBCH) competitors in Audio, gaming, and music devices — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 KOSS | 41.7M | 4.41 | -47.16 | 2.93% | -6.81% | -2.87% | 0.08 | |
 LOGI | 15.45B | 105.42 | 21.96 | 6.28% | 14.69% | 32.26% | 6.31% | |
 SONO | 1.69B | 14.01 | -27.47 | -4.93% | -2.82% | -10.43% | 6.39% | 0.17 |
 MSFT | 3.06T | 411.35 | 30.16 | 14.93% | 39.34% | 33.13% | 2.34% | 0.33 |
 GPRO | 223.54M | 1.46 | -2.47 | -18.71% | -14.35% | -102.47% | 1.09 | |
 SMSI | 18.39M | 0.89 | -0.61 | -15.53% | -165.35% | -141.94% | 0.13 | |
 CRSR | 758.82M | 7.12 | -59.33 | 11.86% | -1.21% | -2.76% | 4.58% | 0.19 |
 NVDA | 4.78T | 196.50 | 40.10 | 65.47% | 55.6% | 76.33% | 2.02% | 0.07 |
Compare TBCH vs Peers
Turtle Beach Corporation (TBCH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TBCH Income Statement
Turtle Beach Corporation (TBCH) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Sales/Revenue | 360.09M | 366.35M | 240.17M | 258.12M | 372.77M | 319.91M |
| Revenue Growth % | - | 1.74% | -34.44% | 7.48% | 44.41% | -14.18% |
| Cost of Goods Sold | 226.31M | 237.97M | 190.98M | 182.62M | 243.78M | 200.63M |
| COGS % of Revenue | 62.85% | 64.96% | 79.52% | 70.75% | 65.4% | 62.71% |
| Gross Profit | 133.79M▲ 0% | 128.38M▼ 4.0% | 49.19M▼ 61.7% | 75.5M▲ 53.5% | 128.98M▲ 70.8% | 119.28M▼ 7.5% |
| Gross Margin % | 37.15% | 35.04% | 20.48% | 29.25% | 34.6% | 37.29% |
| Gross Profit Growth % | - | -4.04% | -61.69% | 53.5% | 70.83% | -7.52% |
| Operating Expenses | 84.62M | 107.95M | 100.67M | 91.95M | 108.95M | 99.75M |
| OpEx % of Revenue | 23.5% | 29.47% | 41.92% | 35.62% | 29.23% | 31.18% |
| Selling, General & Admin | 72.36M | 90.46M | 79.65M | 74.81M | 80.82M | 82.86M |
| SG&A % of Revenue | 20.09% | 24.69% | 33.16% | 28.98% | 21.68% | 25.9% |
| Research & Development | 12.27M | 17.49M | 19.12M | 17.14M | 17.3M | 16.89M |
| R&D % of Revenue | 3.41% | 4.77% | 7.96% | 6.64% | 4.64% | 5.28% |
| Other Operating Expenses | 0 | 0 | 1.9M | 0 | 10.83M | 0 |
| Operating Income | 49.17M▲ 0% | 20.43M▼ 58.4% | -51.48M▼ 352.0% | -16.44M▲ 68.1% | 20.03M▲ 221.8% | 19.54M▼ 2.5% |
| Operating Margin % | 13.65% | 5.58% | -21.44% | -6.37% | 5.37% | 6.11% |
| Operating Income Growth % | - | -58.45% | -351.97% | 68.06% | 221.81% | -2.45% |
| EBITDA | 54.41M | 25.74M | -45.66M | -11.6M | 31.42M | 31.97M |
| EBITDA Margin % | 15.11% | 7.03% | -19.01% | -4.5% | 8.43% | 9.99% |
| EBITDA Growth % | - | -52.69% | -277.38% | 74.59% | 370.77% | 1.74% |
| D&A (Non-Cash Add-back) | 5.25M | 5.31M | 5.82M | 4.84M | 11.39M | 12.43M |
| EBIT | 52.92M | 20.53M | -53.23M | -16.84M | 18.74M | 19.54M |
| Net Interest Income | -467K | -383K | -1.22M | -504K | -8.07M | -9.77M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 467K | 383K | 1.22M | 504K | 8.07M | 9.77M |
| Other Income/Expense | 3.29M | -282K | -2.97M | -898K | -9.36M | -2.74M |
| Pretax Income | 52.46M▲ 0% | 20.15M▼ 61.6% | -54.45M▼ 370.3% | -17.34M▲ 68.2% | 10.67M▲ 161.5% | 16.8M▲ 57.4% |
| Pretax Margin % | 14.57% | 5.5% | -22.67% | -6.72% | 2.86% | 5.25% |
| Income Tax | 13.71M | 2.43M | 5.09M | 338K | -5.51M | 1.07M |
| Effective Tax Rate % | 26.14% | 12.05% | -9.35% | -1.95% | -51.64% | 6.37% |
| Net Income | 38.75M▲ 0% | 17.72M▼ 54.3% | -59.55M▼ 436.0% | -17.68M▲ 70.3% | 16.18M▲ 191.5% | 15.73M▼ 2.8% |
| Net Margin % | 10.76% | 4.84% | -24.79% | -6.85% | 4.34% | 4.92% |
| Net Income Growth % | - | -54.26% | -436.02% | 70.31% | 191.54% | -2.79% |
| Net Income (Continuing) | 38.75M | 17.72M | -59.55M | -17.68M | 16.18M | 15.73M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.37▲ 0% | 0.97▼ 59.1% | -3.62▼ 473.2% | -1.03▲ 71.5% | 0.78▲ 175.7% | 0.77▼ 1.3% |
| EPS Growth % | - | -59.07% | -473.2% | 71.55% | 175.73% | -1.28% |
| EPS (Basic) | 2.62 | 1.11 | -3.62 | -1.03 | 0.81 | 0.78 |
| Diluted Shares Outstanding | 16.36M | 18.25M | 16.45M | 17.14M | 20.83M | 20.46M |
| Basic Shares Outstanding | 14.8M | 15.91M | 16.45M | 17.14M | 20.02M | 20.26M |
| Dividend Payout Ratio | - | - | - | - | - | - |
TBCH Balance Sheet
Turtle Beach Corporation (TBCH) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Total Current Assets | 169.98M | 193.11M | 135.18M | 124.86M | 188.37M | 173.81M |
| Cash & Short-Term Investments | 46.68M | 37.72M | 11.4M | 18.73M | 12.99M | 16.96M |
| Cash Only | 46.68M | 37.72M | 11.4M | 18.73M | 12.99M | 16.96M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 43.87M | 35.95M | 43.34M | 54.39M | 93.12M | 76.8M |
| Days Sales Outstanding | 44.46 | 35.82 | 65.86 | 76.91 | 91.18 | 87.62 |
| Inventory | 71.3M | 101.93M | 71.25M | 44.02M | 71.25M | 69.22M |
| Days Inventory Outstanding | 115 | 156.34 | 136.18 | 87.98 | 106.68 | 125.93 |
| Other Current Assets | 0 | 0 | 9.2M | 7.72M | 11.01M | 10.83M |
| Total Non-Current Assets | 33.48M | 37.39M | 28.21M | 25.11M | 110.49M | 95.24M |
| Property, Plant & Equipment | 6.58M | 6.96M | 6.36M | 4.82M | 5.84M | 3M |
| Fixed Asset Turnover | 54.77x | 52.67x | 37.75x | 53.51x | 63.79x | 106.82x |
| Goodwill | 8.18M | 10.69M | 10.69M | 10.69M | 52.94M | 50.43M |
| Intangible Assets | 5.14M | 5.79M | 2.61M | 1.73M | 42.4M | 34.34M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 6.64M | 8.06M | 8.55M | 7.87M | 9.31M | 7.47M |
| Total Assets | 203.45M▲ 0% | 230.5M▲ 13.3% | 163.39M▼ 29.1% | 149.97M▼ 8.2% | 298.86M▲ 99.3% | 269.05M▼ 10.0% |
| Asset Turnover | 1.77x | 1.59x | 1.47x | 1.72x | 1.25x | 1.19x |
| Asset Growth % | - | 13.3% | -29.12% | -8.21% | 99.28% | -9.97% |
| Total Current Liabilities | 78.65M | 78.17M | 64.33M | 56.33M | 123.67M | 87.68M |
| Accounts Payable | 42.53M | 40.48M | 19.85M | 26.91M | 34.84M | 24.93M |
| Days Payables Outstanding | 68.59 | 62.08 | 37.93 | 53.78 | 52.16 | 45.36 |
| Short-Term Debt | 0 | 0 | 19.05M | 0 | 50.66M | 37.95M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 24.79M |
| Current Ratio | 2.16x | 2.47x | 2.10x | 2.22x | 1.52x | 1.98x |
| Quick Ratio | 1.25x | 1.17x | 0.99x | 1.43x | 0.95x | 1.19x |
| Cash Conversion Cycle | 90.87 | 130.08 | 164.11 | 111.11 | 145.7 | 168.19 |
| Total Non-Current Liabilities | 8.4M | 10.97M | 10.11M | 8.56M | 54.59M | 52.88M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 45.62M | 46.34M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 7.1M | 0 |
| Deferred Tax Liabilities | 128K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 8.28M | 10.97M | 10.11M | 8.56M | 1.87M | 6.54M |
| Total Liabilities | 87.05M | 89.14M | 74.45M | 64.89M | 178.26M | 140.56M |
| Total Debt | 0 | 0 | 19.05M | 0 | 105.19M | 84.29M |
| Net Debt | -46.68M | -37.72M | 7.66M | -18.73M | 92.2M | 67.33M |
| Debt / Equity | - | - | 0.21x | - | 0.87x | 0.66x |
| Debt / EBITDA | - | - | - | - | 3.35x | 2.64x |
| Net Debt / EBITDA | -0.86x | -1.47x | - | - | 2.93x | 2.11x |
| Interest Coverage | 113.33x | 53.61x | -43.63x | -33.41x | 2.32x | 2.00x |
| Total Equity | 116.4M▲ 0% | 141.37M▲ 21.5% | 88.94M▼ 37.1% | 85.08M▼ 4.3% | 120.6M▲ 41.8% | 128.5M▲ 6.5% |
| Equity Growth % | - | 21.45% | -37.09% | -4.34% | 41.76% | 6.55% |
| Book Value per Share | 7.11 | 7.75 | 5.41 | 4.97 | 5.79 | 6.28 |
| Total Shareholders' Equity | 116.4M | 141.37M | 88.94M | 85.08M | 120.6M | 128.5M |
| Common Stock | 15K | 16K | 17K | 18K | 20K | 19K |
| Retained Earnings | -74.77M | -57.05M | -116.6M | -134.28M | -118.09M | -102.36M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 589K | 127K | -1.39M | -849K | -1.3M | 1.65M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
TBCH Cash Flow Statement
Turtle Beach Corporation (TBCH) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash from Operations | 51.05M | -327K | -41.85M | 27.04M | 5.76M | 35.46M |
| Operating CF Margin % | 14.18% | -0.09% | -17.42% | 10.48% | 1.55% | 11.08% |
| Operating CF Growth % | - | -100.64% | -12696.94% | 164.63% | -78.7% | 515.48% |
| Net Income | 38.75M | 17.72M | -59.55M | -17.68M | 16.18M | 15.73M |
| Depreciation & Amortization | 5.25M | 5.31M | 5.82M | 4.84M | 11.39M | 12.43M |
| Stock-Based Compensation | 5.55M | 7.66M | 7.98M | 11.98M | 6.17M | 0 |
| Deferred Taxes | 468K | 1.12M | 6.2M | -44K | -6.86M | -115K |
| Other Non-Cash Items | 6.83M | -1.9M | 5.71M | 1.58M | 10.19M | 11.26M |
| Working Capital Changes | -5.79M | -30.24M | -8.01M | 26.36M | -31.31M | -3.85M |
| Change in Receivables | -1.75M | 9.68M | -4.84M | -5.76M | -15.62M | 17.09M |
| Change in Inventory | -30.68M | -32.24M | 22.1M | 27.34M | -12.26M | -983K |
| Change in Payables | 18.67M | -2.79M | -23.35M | 1.77M | -4.02M | -9.96M |
| Cash from Investing | -5.66M | -8.12M | -3.55M | -2.16M | -82.21M | 1.1M |
| Capital Expenditures | -5.66M | -5.62M | -3.55M | -2.16M | -4.91M | -1.42M |
| CapEx % of Revenue | 1.57% | 1.53% | 1.48% | 0.84% | 1.32% | 0.44% |
| Acquisitions | 0 | -2.5M | 0 | 0 | -77.29M | -2.52M |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 5.03M |
| Cash from Financing | -7.41M | -56K | 19.71M | -17.85M | 71.05M | -32.58M |
| Debt Issued (Net) | -15.65M | 0 | 19.05M | -19.05M | 98.37M | -15.61M |
| Equity Issued (Net) | 4.05M | -5.34M | 0 | -974K | -27.78M | -16.98M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -325K | -5.34M | 0 | -974K | -27.78M | -18.96M |
| Other Financing | 4.2M | 5.29M | 653K | 2.18M | 459K | 0 |
| Net Change in Cash | 38.43M▲ 0% | -8.96M▼ 123.3% | -26.32M▼ 193.8% | 7.33M▲ 127.8% | -5.73M▼ 178.2% | 3.97M▲ 169.2% |
| Free Cash Flow | 45.39M▲ 0% | -5.95M▼ 113.1% | -45.4M▼ 663.2% | 24.89M▲ 154.8% | 847K▼ 96.6% | 34.04M▲ 3918.8% |
| FCF Margin % | 12.6% | -1.62% | -18.9% | 9.64% | 0.23% | 10.64% |
| FCF Growth % | - | -113.11% | -663.2% | 154.82% | -96.6% | 3918.77% |
| FCF per Share | 2.77 | -0.33 | -2.76 | 1.45 | 0.04 | 1.66 |
| FCF Conversion (FCF/Net Income) | 1.32x | -0.02x | 0.70x | -1.53x | 0.36x | 2.25x |
| Interest Paid | 309K | 194K | 979K | 500K | 7.14M | 0 |
| Taxes Paid | 8.04M | 6.56M | 0 | 63K | 193K | 0 |
TBCH Key Ratios
Turtle Beach Corporation (TBCH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 33.29% | 13.75% | -51.71% | -20.32% | 15.74% | 12.63% |
| Return on Invested Capital (ROIC) | 52.89% | 17.68% | -38.56% | -15.14% | 10.76% | 7.17% |
| Gross Margin | 37.15% | 35.04% | 20.48% | 29.25% | 34.6% | 37.29% |
| Net Margin | 10.76% | 4.84% | -24.79% | -6.85% | 4.34% | 4.92% |
| Debt / Equity | - | - | 0.21x | - | 0.87x | 0.66x |
| Interest Coverage | 113.33x | 53.61x | -43.63x | -33.41x | 2.32x | 2.00x |
| FCF Conversion | 1.32x | -0.02x | 0.70x | -1.53x | 0.36x | 2.25x |
| Revenue Growth | - | 1.74% | -34.44% | 7.48% | 44.41% | -14.18% |
TBCH Frequently Asked Questions
Turtle Beach Corporation (TBCH) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Turtle Beach Corporation (TBCH) reported $319.9M in revenue for fiscal year 2025. This represents a 11% decrease from $360.1M in 2020.
Turtle Beach Corporation (TBCH) saw revenue decline by 14.2% over the past year.
Yes, Turtle Beach Corporation (TBCH) is profitable, generating $15.7M in net income for fiscal year 2025 (4.9% net margin).
Dividend & Returns
Turtle Beach Corporation (TBCH) has a return on equity (ROE) of 12.6%. This is reasonable for most industries.
Turtle Beach Corporation (TBCH) generated $34.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More TBCH
Turtle Beach Corporation (TBCH) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates