Corsair Gaming, Inc. CRSR
Corsair Gaming, Inc. (also referred to in this document as "Corsair," "we," the "company," or the "registrant") is a leading global provider and innovator of high-performance products for gamers and digital creators such as streamers, vloggers and broadcasters. Our industry-leading gaming products help digital athletes, from casual gamers to committed professionals, perform at their peak across personal computer ("PC"), sim racing and console platforms, and our streaming products enable creators, particularly streamers, to produce studio-quality content to share with friends or to broadcast to millions of fans. Our PC components products offer our customers multiple options to build their customized gaming and workstation desktop PCs. We design and sell high-performance gaming and streaming peripherals, components and systems to enthusiasts globally.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.47B | $1.32B | $1.46B | $1.38B | $1.90B | $1.70B | $1.10B | $937.6M | — |
| Cost of revenue | $1.05B | $988.8M | $1.10B | $1.08B | $1.39B | $1.24B | $872.9M | $744.9M | — |
| Gross profit | $425.9M | $327.6M | $360.3M | $296.6M | $513.9M | $465.4M | $224.3M | $192.7M | — |
| R&D | $69.1M | $67.5M | $65.3M | $66.5M | $60.3M | $50.1M | $37.5M | $32.0M | — |
| SG&A | $354.7M | $310.0M | $285.3M | $284.9M | $315.7M | $257.0M | $163.0M | $138.9M | — |
| Total operating expenses | $423.8M | $377.6M | $350.6M | $351.4M | $376.0M | $307.1M | $200.6M | $170.9M | — |
| Operating income | $2.1M | -$50.0M | $9.7M | -$54.8M | $137.9M | $158.4M | $23.7M | $21.8M | — |
| Pre-tax income | -$12.1M | -$61.7M | -$3.5M | -$63.8M | $114.6M | $122.0M | -$13.4M | -$10.7M | — |
| Income tax | $2.8M | $21.7M | $2.4M | $9.8M | $13.6M | $18.8M | $5.0M | $3.0M | — |
| Net income | $16.0M | -$85.0M | -$3.0M | -$54.0M | $101.0M | $103.2M | -$8.4M | -$13.7M | — |
| EPS, basic | -0.12 | -0.95 | 0.03 | -0.63 | 1.08 | 1.20 | 0.11 | 0.18 | — |
| EPS, diluted | -0.12 | -0.95 | 0.03 | -0.63 | 1.01 | 1.14 | 0.11 | 0.18 | — |
| Shares, diluted (wtd. avg.) | $106.0M | $104.2M | $106.3M | $96.3M | $100.0M | $90.6M | $76.2M | $75.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $98.8M | $109.6M | $178.6M | $154.1M | $65.4M | $133.6M | $51.9M | $27.9M | $19.0M |
| Receivables | $233.9M | $218.6M | $253.3M | $235.7M | $291.3M | $293.6M | $202.3M | — | — |
| Inventory | $303.3M | $260.0M | $240.2M | $192.7M | $298.3M | $226.0M | $151.1M | — | — |
| Total current assets | $665.5M | $623.4M | $711.6M | $622.8M | $705.8M | $691.0M | $429.8M | — | — |
| Property, plant and equipment | $31.5M | $29.7M | $32.2M | $34.9M | $16.8M | $16.5M | $15.4M | — | — |
| Goodwill | $357.8M | $354.2M | $354.7M | $347.7M | $317.1M | $312.8M | $312.8M | $226.7M | — |
| Other intangibles | $125.2M | $164.3M | $188.0M | $216.3M | $225.7M | $259.3M | $291.0M | — | — |
| Total assets | $1.25B | $1.24B | $1.36B | $1.30B | $1.34B | $1.31B | $1.06B | — | — |
| Accounts payable | $212.5M | $207.2M | $240.0M | $172.0M | $236.1M | $299.6M | $182.0M | — | — |
| Short-term debt | $6.1M | $12.2M | $12.2M | $6.5M | $4.8M | $0 | $2.4M | — | — |
| Total current liabilities | $430.9M | $396.3M | $418.5M | $343.0M | $446.7M | $505.4M | $299.9M | — | — |
| Long-term debt | $115.2M | $161.3M | $186.0M | $232.2M | $242.9M | $321.4M | $503.4M | — | — |
| Total liabilities | $608.0M | $616.4M | $663.5M | $641.8M | $769.2M | $876.7M | $842.9M | — | — |
| Retained earnings | -$71.2M | -$58.8M | $40.4M | $37.2M | $98.1M | -$2.8M | -$106.0M | — | — |
| Total equity | $633.6M | $604.3M | $678.0M | $634.1M | $568.2M | $437.4M | $216.8M | $162.7M | $254.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $50.1M | $35.9M | $89.2M | $66.4M | $20.2M | $169.0M | $37.1M | $422.0K | — |
| Depreciation and amortisation | $14.0M | $13.4M | $12.2M | $10.7M | $10.3M | $9.3M | $7.4M | $5.7M | — |
| Stock-based compensation | $33.1M | $30.6M | $30.9M | $22.2M | $17.2M | $5.8M | $3.8M | $2.8M | — |
| Capital expenditure | $15.4M | $9.8M | $12.8M | $26.3M | $11.0M | $9.0M | $8.8M | $8.3M | — |
| Investing cash flow | -$15.4M | -$52.7M | -$27.0M | -$47.0M | -$20.5M | -$10.3M | -$145.4M | -$38.6M | — |
| Financing cash flow | -$48.9M | -$50.7M | -$37.4M | $72.6M | -$65.4M | -$79.1M | $132.3M | $47.4M | — |
| Dividends paid | — | — | — | — | — | — | — | $85.0M | — |
| Buybacks | — | — | — | — | — | — | $1.5M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-197141.
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