Turtle Beach Corporation logo TBCH - Turtle Beach Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 5
HOLD 1
SELL 0
STRONG
SELL 0
| PRICE TARGET: $17.50 DETAILS
HIGH: $20.00
LOW: $15.00
MEDIAN: $17.50
CONSENSUS: $17.50
UPSIDE: 41.24%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Revenue
Revenue 319.9 372.8 258.1 240.2 366.4 360.1 234.7 287.4 149.1 174.0 162.7 186.2 0.6 0.2 0.1 0.6 0.6 0.7
Cost of Revenue 200.6 243.8 182.6 191.0 238.0 226.3 155.9 178.7 98.1 131.4 122.1 135.5 0.3 0.1 0.0 0.5 0.6 0.8
Gross Profit 119.3 129.0 75.5 49.2 128.4 133.8 78.7 108.7 51.0 42.6 40.7 50.7 0.3 0.1 0.0 0.1 (0.0) (0.1)
Operating Expenses
R&D Expenses 16.9 17.3 17.1 19.1 17.5 12.3 7.9 5.6 5.6 8.3 11.6 9.4 2.1 1.3 0.6 0.2 0.1 0.7
SG&A Expenses 82.9 80.8 74.8 79.6 90.5 72.4 60.4 49.0 40.1 48.2 53.3 50.6 4.6 3.2 0.6 0.4 0.8 1.3
Other Expenses 0 10.8 0 1.9 0 0 0 0 0.5 63.9 50.2 4.5 1.3 0 0.0 0 0 0
Operating Expenses 99.7 109.0 91.9 100.7 108.0 84.6 68.3 54.7 46.2 120.3 115.1 64.5 7.9 4.6 1.2 0.7 0.9 2.1
Operating Income
Operating Income 19.5 20.0 (16.4) (51.5) 20.4 49.2 10.4 54.0 4.8 (77.7) (74.4) (13.8) (7.7) (4.5) (1.2) (0.6) (0.9) (2.1)
Interest Expense 9.8 8.1 0.5 1.2 0.4 0.5 0.9 5.3 7.9 7.4 5.1 7.2 0.0 0 0.3 0.0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0.0 0.0 0 0 0
Profitability
EBITDA 32.0 30.1 (12.0) (47.4) 25.8 58.2 17.8 50.5 9.7 (70.9) (67.5) (7.7) (7.4) (4.3) (1.1) (0.9) (0.9) (2.0)
EBIT 19.5 18.7 (16.8) (53.2) 20.5 52.9 12.6 46.3 5.3 (80.1) (75.4) (14.5) (7.7) (4.5) (1.2) (0.9) (1.0) (2.1)
Income Before Tax 16.8 10.7 (17.3) (54.5) 20.1 52.5 11.7 40.9 (2.7) (87.6) (80.5) (21.8) (7.7) (4.5) (1.5) (0.9) (1.0) (2.1)
Income Tax Expense 1.1 (5.5) 0.3 5.1 2.4 13.7 (6.2) 1.7 0.6 (0.4) 2.4 (6.3) 0 0 0 0 0 0
Net Income 15.7 16.2 (17.7) (59.5) 17.7 38.7 17.9 39.2 (3.2) (87.2) (82.9) (15.5) (7.7) (4.5) (1.5) (0.9) (1.0) (2.1)
Per Share Data
EPS (Basic) 0.78 0.81 -1.03 -3.62 1.11 2.62 1.13 2.90 -0.26 -7.18 -7.85 -1.56 -1.16 -0.85 -0.09 -1.20 -1.20 -2.82
EPS (Diluted) 0.77 0.78 -1.03 -3.62 0.97 2.37 1.04 2.74 -0.26 -7.18 -7.85 -1.56 -1.16 -0.85 -0.09 -1.20 -1.20 -2.82
Shares Outstanding 20.3 20.0 17.1 16.4 15.9 14.8 14.5 13.5 12.3 12.1 10.6 9.9 6.6 5.3 4.2 0.8 0.8 0.8
Metric 2025 2024 2023 2022 2021 2020
Current Assets
Cash & Cash Equivalents 17.0 13.0 18.7 11.4 37.7 46.7
Short-Term Investments 0 0 0 0 0 0
Net Receivables 76.8 93.1 54.4 43.3 36.0 43.9
Inventory 69.2 71.3 44.0 71.3 101.9 71.3
Other Current Assets 10.8 11.0 7.7 9.2 0 0
Total Current Assets 173.8 188.4 124.9 135.2 193.1 170.0
Non-Current Assets
Property, Plant & Equipment 3.0 5.8 4.8 6.4 7.0 6.6
Goodwill 50.4 52.9 10.7 10.7 10.7 8.2
Intangible Assets 34.3 42.4 1.7 2.6 5.8 5.1
Long-Term Investments 0 0 0 0 0 0
Other Non-Current Assets 7.5 9.3 7.9 8.5 8.1 6.6
Total Non-Current Assets 95.2 110.5 25.1 28.2 37.4 33.5
Total Assets 269.1 298.9 150.0 163.4 230.5 203.5
Current Liabilities
Account Payables 24.9 34.8 26.9 19.8 40.5 42.5
Short-Term Debt 38.0 50.7 0 19.1 0 0
Deferred Revenue 0 0 0 0 0 0
Other Current Liabilities 24.8 0 0 0 0 0
Total Current Liabilities 87.7 123.7 56.3 64.3 78.2 78.7
Non-Current Liabilities
Long-Term Debt 46.3 45.6 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0.1
Other Non-Current Liabilities 6.5 1.9 8.6 10.1 11.0 8.3
Total Non-Current Liabilities 52.9 54.6 8.6 10.1 11.0 8.4
Total Liabilities 140.6 178.3 64.9 74.4 89.1 87.1
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings (102.4) (118.1) (134.3) (116.6) (57.1) (74.8)
Accumulated Other Comprehensive Income 1.7 (1.3) (0.8) (1.4) 0.1 0.6
Total Stockholders' Equity 128.5 120.6 85.1 88.9 141.4 116.4
Total Liabilities & Equity 269.1 298.9 150.0 163.4 230.5 203.5
Debt Metrics
Total Debt 84.3 105.2 0 19.1 0 0
Net Debt 67.3 92.2 (18.7) 7.7 (37.7) (46.7)
Metric 2025 2024 2023 2022 2021 2020
Operating Activities
Net Income 15.7 16.2 (17.7) (59.5) 17.7 38.7
Depreciation & Amortization 12.4 11.4 4.8 5.8 5.3 5.2
Stock-Based Compensation 0 6.2 12.0 8.0 7.7 5.5
Change in Working Capital (3.8) (31.3) 26.4 (8.0) (30.2) (5.8)
Other Non-Cash Items 11.3 10.2 1.6 5.7 (1.9) 6.8
Operating Cash Flow 35.5 5.8 27.0 (41.8) (0.3) 51.0
Investing Activities
Capital Expenditure (1.4) (4.9) (2.2) (3.5) (5.6) (5.7)
Acquisitions (2.5) (77.3) 0 0 (2.5) 0
Purchases of Investments 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0
Other Investing Activities 5.0 0 0 0 0 0
Investing Cash Flow 1.1 (82.2) (2.2) (3.5) (8.1) (5.7)
Financing Activities
Net Debt Issuance (15.6) 98.4 (19.1) 19.1 0 (15.7)
Stock Repurchased (19.0) (27.8) (1.0) 0 (5.3) (0.3)
Dividends Paid 0 0 0 0 0 0
Other Financing Activities 0 0.5 2.2 0.7 5.3 4.2
Financing Cash Flow (32.6) 71.1 (17.8) 19.7 (0.1) (7.4)
Cash Position
Net Change in Cash 4.0 (5.7) 7.3 (26.3) (9.0) 38.4
Cash at Beginning 13.0 18.7 11.4 37.7 46.7 8.2
Cash at End 17.0 13.0 18.7 11.4 37.7 46.7
Free Cash Flow 34.0 0.8 24.9 (45.4) (5.9) 45.4
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Income Statement
Revenue 319.9 372.8 258.1 240.2 366.4 360.1 234.7 287.4 149.1 174.0 162.7 186.2 0.6 0.2 0.1 0.6 0.6 0.7
Gross Profit 119.3 129.0 75.5 49.2 128.4 133.8 78.7 108.7 51.0 42.6 40.7 50.7 0.3 0.1 0.0 0.1 (0.0) (0.1)
Operating Income 19.5 20.0 (16.4) (51.5) 20.4 49.2 10.4 54.0 4.8 (77.7) (74.4) (13.8) (7.7) (4.5) (1.2) (0.6) (0.9) (2.1)
Net Income 15.7 16.2 (17.7) (59.5) 17.7 38.7 17.9 39.2 (3.2) (87.2) (82.9) (15.5) (7.7) (4.5) (1.5) (0.9) (1.0) (2.1)
EPS (Diluted) 0.77 0.78 -1.03 -3.62 0.97 2.37 1.04 2.74 -0.26 -7.18 -7.85 -1.56 -1.16 -0.85 -0.09 -1.20 -1.20 -2.82
Balance Sheet
Cash & Equivalents 17.0 13.0 18.7 11.4 37.7 46.7
Total Assets 269.1 298.9 150.0 163.4 230.5 203.5
Total Debt 84.3 105.2 0 19.1 0 0
Stockholders' Equity 128.5 120.6 85.1 88.9 141.4 116.4
Cash Flow
Operating Cash Flow 35.5 5.8 27.0 (41.8) (0.3) 51.0
Capital Expenditure (1.4) (4.9) (2.2) (3.5) (5.6) (5.7)
Free Cash Flow 34.0 0.8 24.9 (45.4) (5.9) 45.4