Corsair Gaming, Inc.
8.30-0.04 (-0.48%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · CRSR · USD
Key Stats
Market Cap
880.11MP/E (TTM)
-Basic EPS (TTM)
-0.80Dividend Yield
0%Recent Filings
8-K
Strong Q2 revenue growth
Corsair Gaming reported robust Q2 2025 results on August 7, with revenue surging 23% to $320 million and gross profit climbing 36% to $85.9 million, fueled by 30% growth in gaming components amid NVIDIA and AMD GPU launches. Adjusted EBITDA flipped to $8.1 million from a $1.2 million loss, while margins expanded on better product mix and efficiency. Tariffs pose a risk, but mitigation keeps impacts minimal. Momentum builds.
10-Q
Q2 FY2025 results
Corsair Gaming posted solid Q2 momentum, with net revenue climbing 22.5% year-over-year to $320.1M, fueled by a 30.2% surge in Gaming Components and Systems from fresh GPU and CPU launches, while Gamer and Creator Peripherals grew 8.9% thanks to Fanatec integration. Gross margin expanded to 26.8% from 24.1%, driven by better product mix and lower inventory reserves, yet operating loss narrowed to $16.9M from $24.7M as SG&A rose with volume. Diluted EPS improved to $(0.16) from $(0.28), aligning with 105.9M shares; net loss trailed operating by $3.4M mainly from foreign exchange hits. Cash hit $104.6M after $48.9M operating inflow, with free cash flow at $43.2M (derived) and debt refinanced to $125M term loan at 6.3% effective rate, revolver fully available sans covenants breach. Fanatec closed September 2024 for $43.7M cash, adding $3.6M goodwill and $15.1M intangibles over 6-15 years. Tariffs pose ongoing supply chain risks.
8-K
Corsair refinances $225M credit
Corsair Gaming secured a $225 million credit facility on June 30, 2025, with Bank of America, featuring a $100 million five-year revolver and $125 million term loan, both maturing in 2030. This replaces the 2021 agreement, offering flexible SOFR-based pricing tied to leverage and room for $125 million more in increments. Yet covenants cap debt, liens, and payouts, while events like insolvency trigger acceleration. Lenders hold first liens on most U.S. assets.
8-K
Annual meeting elects directors
Corsair Gaming's stockholders convened virtually on June 10, 2025, for their annual meeting, electing Anup Bagaria, George L. Majoros, Jr., and Stuart A. Martin as Class II directors until the 2028 meeting, with each nominee securing over 72 million votes amid 13 million withheld. They also ratified KPMG LLP as auditors for the fiscal year ending December 31, 2025, with 92.3 million shares in favor. Votes reflect strong governance continuity. Broker non-votes hit 6.5 million.
10-Q
Q1 FY2025 results
Corsair Gaming kicked off 2025 with revenue climbing 9.6% year-over-year to $369.8M, fueled by 11.9% growth in Gaming Components and Systems from fresh GPU and CPU launches, while Gamer and Creator Peripherals edged up 4.7% thanks to Fanatec integration. Gross margin expanded to 27.7% from 25.7%, driven by better product mix and lower costs, narrowing operating loss to $2.3M from $10.2M; yet net loss widened slightly to $10.3M, with the $8.1M gap to operating loss tied to $2.7M interest expense, $3.9M other expenses including a $2.6M Fanatec bargain purchase reversal, and $2.1M tax expense. Operating cash flow flipped positive at $18.8M, supporting $25.0M debt repayment that trimmed Term Loan to $149.0M at 6.2% effective rate, with $99.8M revolver availability and $102.5M cash on hand. Fanatec closed in September 2024 for $43.7M cash, adding $15.1M intangibles amortized over 6-15 years and $0.3M goodwill. Revenue relies heavily on a few retailers. Tariffs pose supply chain risks.
ANET
Arista Networks, Inc.
162.03+5.26
CRCT
Cricut, Inc.
5.26+0.01
DELL
Dell Technologies Inc.
163.60-1.28
HPQ
HP Inc.
27.70-0.37
LOGI
Logitech International S.A. - R
115.84+2.11
NVDA
NVIDIA Corporation
207.04+6.01
SMCI
Super Micro Computer, Inc.
52.69+0.33
SNDK
Sandisk Corporation
204.36+28.83
STX
Seagate Technology Holdings PLC
265.62+42.62
TBCH
Turtle Beach Corporation
16.70-0.26