CRSR - Corsair Gaming, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$7.75
DETAILS
HIGH:
$9.00
LOW:
$6.00
MEDIAN:
$8.00
CONSENSUS:
$7.75
UPSIDE:
0.65%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Revenue | 1,472.5 | 1,316.4 | 1,459.9 | 1,375.1 | 1,904.1 | 1,702.4 | 1,097.2 | 937.6 | 855.5 | 595.1 | 511.3 |
| Cost of Revenue | 1,046.6 | 988.8 | 1,099.6 | 1,078.5 | 1,390.2 | 1,236.9 | 872.9 | 744.9 | 671.2 | 460.1 | 401.7 |
| Gross Profit | 425.9 | 327.6 | 360.3 | 296.6 | 513.9 | 465.4 | 224.3 | 192.7 | 184.3 | 135.0 | 109.6 |
| Operating Expenses | |||||||||||
| R&D Expenses | 69.1 | 67.5 | 65.3 | 66.5 | 60.3 | 50.1 | 37.5 | 32.0 | 21.2 | 15.0 | 12.2 |
| SG&A Expenses | 354.7 | 310.0 | 285.3 | 284.9 | 315.7 | 257.0 | 163.0 | 138.9 | 114.5 | 79.5 | 70.3 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 423.8 | 377.6 | 350.6 | 351.4 | 376.0 | 307.1 | 200.6 | 170.9 | 135.7 | 94.5 | 82.5 |
| Operating Income | |||||||||||
| Operating Income | 2.1 | (50.0) | 9.7 | (54.8) | 137.9 | 158.4 | 23.7 | 21.8 | 48.6 | 40.5 | 27.1 |
| Interest Expense | 9.3 | 13.2 | 17.4 | 9.6 | 12.8 | 31.0 | 35.5 | 32.7 | 0 | 0 | 0 |
| Interest Income | 1.7 | 3.3 | 6.8 | 0.4 | 0 | 0 | 0 | 0 | 11.1 | 3.5 | 4.5 |
| Profitability | |||||||||||
| EBITDA | 51.4 | 3.4 | 64.6 | (0.7) | 172.4 | 196.3 | 59.7 | 58.5 | 42.4 | 43.8 | 30.9 |
| EBIT | (2.8) | (48.5) | 13.9 | (54.2) | 127.3 | 153.1 | 22.1 | 22.0 | 28.3 | 40.5 | 27.1 |
| Income Before Tax | (12.1) | (61.7) | (3.5) | (63.8) | 114.6 | 122.0 | (13.4) | (10.7) | 17.2 | 34.8 | 21.2 |
| Income Tax Expense | 2.8 | 21.7 | (2.4) | (9.8) | 13.6 | 18.8 | (5.0) | 3.0 | 5.5 | 5.7 | 3.7 |
| Net Income | (12.5) | (85.2) | (2.6) | (54.4) | 101.0 | 103.2 | (8.4) | (13.7) | 11.7 | 29.1 | 17.7 |
| Per Share Data | |||||||||||
| EPS (Basic) | -0.12 | -0.95 | 0.03 | -0.63 | 1.08 | 1.20 | -0.09 | -0.09 | 0.07 | 0.32 | 0.19 |
| EPS (Diluted) | -0.12 | -0.95 | 0.03 | -0.63 | 1.01 | 1.14 | -0.09 | -0.09 | 0.08 | 0.32 | 0.19 |
| Shares Outstanding | 106.0 | 104.2 | 102.5 | 96.3 | 93.3 | 91.9 | 91.8 | 146.1 | 158.8 | 91.8 | 91.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 98.6 | 107.0 | 175.6 | 151.2 | 62.4 | 129.5 | 48.2 | 25.6 | 19.0 | 49.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 233.9 | 218.6 | 253.3 | 235.7 | 291.3 | 293.6 | 202.3 | 122.0 | 120.2 | 81.9 |
| Inventory | 303.3 | 260.0 | 240.2 | 192.7 | 298.3 | 226.0 | 151.1 | 149.0 | 113.5 | 93.3 |
| Other Current Assets | 29.6 | 37.8 | 42.5 | 43.2 | 2.7 | 3.8 | 3.6 | 2.3 | 3.0 | 1.3 |
| Total Current Assets | 665.5 | 623.4 | 711.6 | 622.8 | 705.8 | 691.0 | 429.8 | 316.3 | 258.5 | 230.4 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 31.5 | 82.3 | 68.5 | 80.1 | 68.2 | 42.5 | 15.4 | 12.5 | 9.1 | 5.4 |
| Goodwill | 357.8 | 354.2 | 354.7 | 347.7 | 317.1 | 312.8 | 312.8 | 226.7 | 199.0 | 0 |
| Intangible Assets | 125.2 | 164.3 | 188.0 | 216.3 | 225.7 | 259.3 | 291.0 | 247.8 | 259.4 | 0.0 |
| Long-Term Investments | 0.2 | 0.2 | 0.2 | 0 | 0 | 0 | 0.2 | 0 | 0 | 0 |
| Other Non-Current Assets | 73.6 | 4.9 | 6.6 | 6.8 | 7.9 | 3.8 | 10.8 | 7.7 | 4.9 | 2.4 |
| Total Non-Current Assets | 588.3 | 612.4 | 645.9 | 674.5 | 631.6 | 623.1 | 629.9 | 494.7 | 472.3 | 7.8 |
| Total Assets | 1,253.8 | 1,235.8 | 1,357.5 | 1,297.2 | 1,337.4 | 1,314.1 | 1,059.7 | 811.0 | 730.8 | 238.2 |
| Current Liabilities | ||||||||||
| Account Payables | 212.5 | 207.2 | 240.0 | 172.0 | 236.1 | 299.6 | 182.0 | 154.8 | 121.5 | 107.3 |
| Short-Term Debt | 6.1 | 12.2 | 12.2 | 6.5 | 4.8 | 0 | 2.4 | 28.6 | 0.5 | 4.3 |
| Deferred Revenue | 0 | 7.3 | 7.4 | 6.3 | 6.7 | 0 | 4.2 | 4.6 | 4.8 | 4.8 |
| Other Current Liabilities | 212.3 | 35.5 | 127.5 | 20.0 | 40.7 | 54.5 | 92.2 | 22.7 | 15.2 | 14.3 |
| Total Current Liabilities | 430.9 | 396.3 | 418.5 | 343.0 | 446.7 | 505.4 | 299.9 | 219.1 | 153.7 | 138.8 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 115.2 | 161.3 | 186.0 | 232.2 | 242.9 | 321.4 | 503.4 | 394.1 | 283.7 | 66.7 |
| Deferred Tax Liabilities | 6.1 | 7.4 | 17.4 | 18.1 | 25.7 | 29.8 | 33.8 | 34.7 | 42.0 | 0 |
| Other Non-Current Liabilities | 55.8 | 3.7 | 3.0 | 3.1 | 2.7 | 2.6 | 5.7 | 0.4 | 42.4 | 0.3 |
| Total Non-Current Liabilities | 177.1 | 220.1 | 245.0 | 298.8 | 322.5 | 371.3 | 543.0 | 429.2 | 326.1 | 67.0 |
| Total Liabilities | 608.0 | 616.4 | 663.5 | 641.8 | 769.2 | 876.7 | 842.9 | 648.3 | 479.9 | 205.8 |
| Stockholders' Equity | ||||||||||
| Common Stock | 705.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (71.2) | (58.8) | 40.4 | 37.2 | 98.1 | (2.8) | (106.0) | (93.2) | 1.9 | 35.4 |
| Accumulated Other Comprehensive Income | (0.6) | (4.6) | (3.5) | (6.9) | (0.3) | 1.5 | (2.2) | (2.4) | (0.2) | 2.0 |
| Total Stockholders' Equity | 633.6 | 604.3 | 667.6 | 623.8 | 568.2 | 437.4 | 216.8 | 162.7 | 250.9 | 32.4 |
| Total Liabilities & Equity | 1,253.8 | 1,235.8 | 1,357.5 | 1,297.2 | 1,337.4 | 1,314.1 | 1,059.7 | 811.0 | 730.8 | 238.2 |
| Debt Metrics | ||||||||||
| Total Debt | 121.3 | 237.0 | 246.5 | 295.2 | 308.3 | 348.0 | 505.8 | 422.7 | 284.3 | 71.0 |
| Net Debt | 22.8 | 130.0 | 70.9 | 144.0 | 245.8 | 218.5 | 457.6 | 397.1 | 265.3 | 21.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (12.5) | (83.4) | 3.2 | (53.9) | 101.0 | 103.2 | (8.4) | (13.7) | 11.7 | 29.1 |
| Depreciation & Amortization | 54.2 | 51.9 | 50.7 | 53.5 | 45.1 | 43.2 | 37.5 | 36.6 | 14.1 | 3.3 |
| Stock-Based Compensation | 0 | 30.6 | 30.9 | 22.2 | 17.2 | 5.8 | 3.8 | 2.8 | 3.7 | 1.0 |
| Change in Working Capital | (22.7) | 22.3 | 10.7 | 61.5 | (140.8) | 14.9 | 13.0 | (25.5) | (27.8) | (5.4) |
| Other Non-Cash Items | 37.6 | 3.1 | 0.0 | 4.9 | 9.6 | 9.3 | 2.6 | 3.4 | 76.2 | 28.7 |
| Operating Cash Flow | 50.1 | 35.9 | 89.2 | 66.4 | 20.2 | 169.0 | 37.1 | 0.4 | (3.0) | 29.9 |
| Investing Activities | ||||||||||
| Capital Expenditure | (15.4) | (9.8) | (12.8) | (26.3) | (11.0) | (9.0) | (9.0) | (8.3) | (6.6) | (4.0) |
| Acquisitions | 0 | (42.1) | (14.2) | (19.5) | (4.8) | (1.3) | (126.1) | (30.2) | (529.1) | 0 |
| Purchases of Investments | 0 | 0 | 0 | (1) | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | (1) | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | (0.8) | 0 | 0.8 | (4.7) | 0 | (10.3) | 0 | (0.2) | (0.0) |
| Investing Cash Flow | (15.4) | (52.7) | (27.0) | (47.0) | (20.5) | (10.3) | (145.4) | (38.6) | (535.8) | (4.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (52.8) | (25) | (41) | (9.5) | (79.9) | (190.6) | 82.9 | 110.5 | 281.4 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | (1.5) | 0 | 0 | 0 |
| Dividends Paid | 0 | (5.8) | 0 | (4.3) | 0 | 0 | 0 | (85) | 0 | 0 |
| Other Financing Activities | (1.7) | (25.3) | (3.3) | 4.7 | (0.4) | (7.1) | 50.9 | 21.9 | 238.4 | (1.1) |
| Financing Cash Flow | (48.9) | (50.7) | (37.4) | 72.6 | (65.4) | (79.1) | 132.3 | 47.4 | 519.9 | (0.9) |
| Cash Position | ||||||||||
| Net Change in Cash | (10.8) | (68.9) | 24.5 | 88.7 | (68.2) | 81.6 | 24.0 | 8.9 | (30.0) | 25.0 |
| Cash at Beginning | 109.4 | 178.6 | 154.1 | 65.4 | 133.6 | 51.9 | 27.9 | 19.0 | 49.0 | 24.0 |
| Cash at End | 98.6 | 109.6 | 178.6 | 154.1 | 65.4 | 133.6 | 51.9 | 27.9 | 19.0 | 49.0 |
| Free Cash Flow | 34.7 | 26.0 | 76.4 | 40.1 | 9.2 | 160.0 | 28.1 | (7.9) | (9.6) | 25.9 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 1,472.5 | 1,316.4 | 1,459.9 | 1,375.1 | 1,904.1 | 1,702.4 | 1,097.2 | 937.6 | 855.5 | 595.1 | 511.3 |
| Gross Profit | 425.9 | 327.6 | 360.3 | 296.6 | 513.9 | 465.4 | 224.3 | 192.7 | 184.3 | 135.0 | 109.6 |
| Operating Income | 2.1 | (50.0) | 9.7 | (54.8) | 137.9 | 158.4 | 23.7 | 21.8 | 48.6 | 40.5 | 27.1 |
| Net Income | (12.5) | (85.2) | (2.6) | (54.4) | 101.0 | 103.2 | (8.4) | (13.7) | 11.7 | 29.1 | 17.7 |
| EPS (Diluted) | -0.12 | -0.95 | 0.03 | -0.63 | 1.01 | 1.14 | -0.09 | -0.09 | 0.08 | 0.32 | 0.19 |
| Balance Sheet | |||||||||||
| Cash & Equivalents | 98.6 | 107.0 | 175.6 | 151.2 | 62.4 | 129.5 | 48.2 | 25.6 | 19.0 | 49.0 | |
| Total Assets | 1,253.8 | 1,235.8 | 1,357.5 | 1,297.2 | 1,337.4 | 1,314.1 | 1,059.7 | 811.0 | 730.8 | 238.2 | |
| Total Debt | 121.3 | 237.0 | 246.5 | 295.2 | 308.3 | 348.0 | 505.8 | 422.7 | 284.3 | 71.0 | |
| Stockholders' Equity | 633.6 | 604.3 | 667.6 | 623.8 | 568.2 | 437.4 | 216.8 | 162.7 | 250.9 | 32.4 | |
| Cash Flow | |||||||||||
| Operating Cash Flow | 50.1 | 35.9 | 89.2 | 66.4 | 20.2 | 169.0 | 37.1 | 0.4 | (3.0) | 29.9 | |
| Capital Expenditure | (15.4) | (9.8) | (12.8) | (26.3) | (11.0) | (9.0) | (9.0) | (8.3) | (6.6) | (4.0) | |
| Free Cash Flow | 34.7 | 26.0 | 76.4 | 40.1 | 9.2 | 160.0 | 28.1 | (7.9) | (9.6) | 25.9 | |