Corsair Gaming, Inc. CRSR R2K

Technology · Computer Hardware · United States

https://www.corsair.com

Corsair Gaming, Inc., together with its subsidiaries, designs and sells gaming and streaming peripherals, components, and systems in Europe, the Middle East, North Africa, North America, Latin America, and the Asia Pacific. The company operates in two segments, Gamer and Creator Peripherals, and Gaming Components and Systems. The Gamer and Creator Peripherals segment offers gaming keyboards, mice, headsets, and controllers Stream Decks, microphones, teleprompters, audio interfaces, Facecam streaming cameras, studio accessories, command center displays, sim racing products, and gaming furniture. Its Gaming Components and Systems segment provides power supply units, cooling solutions, computer cases, dynamic random access memory modules. pre- and custom-built gaming personal computers and laptops, and AI workstations. The company also offers software platforms, including iCUE for gamers and Elgato streaming suite for content creators, as well as digital services. It sells its products through e-retail, retail, and direct-to-consumer channels, as well as distributors. The company was formerly known as Corsair Components (Cayman) Ltd and changed its name to Corsair Gaming, Inc. in 2018. Corsair Gaming, Inc. was incorporated in 1994 and is headquartered in Milpitas, California.

Market & Price

Market Cap

$1.30B

Current Price

$12.14

High / Low (52W)

$12.14 / $4.58

Beta

1.58

Valuation

Stock P/E

134.89

Industry PE

32.74

Forward P/E

15.82

PEG Ratio

Book Value

$6.06

Price to Book

2.00

P/S

0.89

EV/EBITDA

18.83

Dividend Yield

Profitability & Returns

ROCE

-0.34%

ROE

1.31%

ROA

0.98%

Profit Margin

0.49%

Op Margin

3.89%

EPS (Latest Qtr)

$0.11

EPS (TTM)

$0.09

Balance Sheet & Liquidity

Debt/Equity

0.28

Quick Ratio

0.86

Current Ratio

1.74

Debt

$187.85M

Total Assets

$1.25B

Current Assets

$665.46M

Working Capital

$234.52M

Ownership

Promoter Holding

3.82%

Chg in Prom Hold

FII / Inst Holding

90.98%

Chg in FII Hold

-0.03%

Financial Snapshot

Enterprise Value

$1.38B

Total Revenue (TTM)

$1.46B

EBITDA

$73.33M

Free Cash Flow

$59.66M

Operating Cash Flow

$61.10M

Shares Outstanding

106.88M

Gross Margin

30.21%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

2.31%

Profit 5Y

23.43%

Revenue (YoY)

-4.10%

Earnings (YoY)

PROS

Profit CAGR of 23.4% over 5 years.
Generates positive free cash flow.

CONS

Trading at a high P/E of 134.9.
In a downtrend (50-DMA below 200-DMA).
RSI at 87 suggests overbought conditions.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	CRSR Corsair Gaming, Inc. R2K	12.14	134.89	$1.30B	-	-0.34%	1.31%	2.31%	23.43%
2	NVDA NVIDIA Corporation NDXSPXAI	211.14	32.38	$5.11T	0.47%	81.14%	114.29%	100.05%	201.80%
3	AAPL Apple Inc. NDXSPX	312.06	37.73	$4.58T	0.35%	68.72%	141.47%	1.81%	3.92%
4	MSFT Microsoft Corporation NDXSPXAI	450.24	26.82	$3.34T	0.81%	26.37%	34.01%	12.42%	11.87%
5	TSM Taiwan Semiconductor Manufacturing Company Limited AI	418.45	35.86	$2.17T	0.91%	32.04%	36.21%	18.94%	19.57%
6	MU Micron Technology, Inc. NDXSPXAI	971.00	45.87	$1.10T	0.06%	14.20%	39.82%	6.71%	-0.57%
7	AMD Advanced Micro Devices, Inc. NDXSPXAI	516.10	172.61	$841.55B	-	6.33%	8.06%	13.64%	48.64%
8	ORCL Oracle Corporation SPXAI	225.78	40.46	$649.35B	0.89%	13.07%	57.57%	10.59%	22.81%
9	ASML ASML Holding N.V. NDXAI	1,612.76	53.76	$621.59B	0.54%	43.81%	52.24%	15.55%	19.55%

Quarterly Results

Figures in USD.

Metric	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	245.38M	240.86M	284.37M	326.56M	308.52M	380.41M	457.10M	556.34M	529.41M	472.90M	391.12M	380.69M	283.91M	311.77M	353.96M	325.43M	363.19M	337.26M	261.30M	304.20M	369.75M	320.11M	345.76M	436.86M	354.51M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	267.39M	234.24M	252.67M	292.30M	238.48M
Gross Profit	48.08M	45.52M	60.23M	70.45M	78.62M	105.06M	127.94M	153.80M	160.33M	130.35M	101.36M	90.76M	36.46M	71.56M	85.40M	82.83M	89.35M	86.64M	63.09M	69.66M	102.36M	85.87M	93.10M	144.55M	116.03M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	104.62M	102.79M	98.72M	117.67M	102.23M
Operating Income	378.00K	-1.85M	10.96M	14.22M	13.34M	36.41M	49.72M	58.89M	67.29M	34.71M	10.76M	-2.48M	-54.96M	-10.99M	1.04M	-2.71M	-758.00K	-10.22M	-24.71M	-20.94M	-2.26M	-16.92M	-5.63M	26.89M	13.80M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.58M	-5.00M	7.33M	41.48M	27.95M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.68M	2.48M	2.05M	2.15M	1.69M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8.26M	-20.68M	-8.31M	25.09M	12.90M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.06M	-369.00K	2.08M	-956.00K	-157.00K
Net Income	-8.49M	-7.43M	1.52M	6.01M	1.22M	22.60M	36.36M	43.04M	46.72M	27.75M	1.78M	-2.87M	-52.01M	-6.21M	-2.01M	-4.48M	-3.08M	-11.56M	-24.19M	-51.71M	-10.46M	-20.86M	-10.63M	25.79M	12.78M
Diluted EPS	0.11	0.10	0.02	0.08	0.01	0.26	0.40	0.43	0.47	0.28	0.02	-0.05	-0.62	-0.09	-0.01	0.01	-0.03	-0.12	-0.28	-0.56	-0.10	-0.16	-0.09	0.22	0.11
R&D Expense	-	-	9.45M	-	11.56M	11.83M	12.90M	-	15.19M	15.47M	14.49M	17.11M	18.03M	15.62M	16.84M	15.59M	16.11M	16.64M	17.41M	16.53M	17.63M	17.51M	16.69M	-	17.25M

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	937.55M	1.10B	1.70B	-	1.38B	1.46B	1.32B	1.47B
Cost of Revenue	-	-	-	-	1.08B	1.10B	988.78M	1.05B
Gross Profit	192.69M	224.29M	465.43M	-	296.63M	360.26M	327.60M	425.88M
Operating Expenses	-	-	-	-	351.43M	350.57M	377.55M	423.81M
Operating Income	21.79M	23.71M	158.36M	-	-54.79M	9.69M	-49.95M	2.08M
EBITDA	-	-	-	-	-683.00K	64.64M	3.45M	51.39M
Interest Expense	-	-	-	-	9.56M	17.42M	13.21M	9.35M
Pretax Income	-	-	-	-	-63.77M	-3.48M	-61.66M	-12.15M
Tax Provision	-	-	-	-	-9.82M	-2.44M	21.74M	2.82M
Net Income	-13.72M	-8.39M	103.22M	-	-54.39M	-2.59M	-85.18M	-16.16M
Diluted EPS	0.18	0.11	1.14	-	-0.63	0.03	-0.95	-0.12
R&D Expense	31.99M	37.55M	50.06M	60.29M	66.49M	65.26M	67.54M	69.15M

Compounded Sales Growth

5 Years:	2.31%
1 Year:	-4.10%

Compounded Profit Growth

5 Years:	23.43%
1 Year:	-

Stock Price Performance

1 Year:	+38.11%
6 Months:	+97.40%
3 Months:	+121.13%
1 Month:	+78.01%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	1.06B	1.31B	-	1.30B	1.36B	1.24B	1.25B
Current Assets	-	-	-	-	-	622.79M	711.59M	623.39M	665.46M
Cash & Equivalents	-	-	-	-	-	151.18M	175.62M	107.01M	97.18M
Inventory	-	-	-	-	-	192.72M	240.17M	259.98M	303.34M
Receivables	-	-	-	-	-	235.66M	253.27M	218.65M	233.90M
Total Liabilities	-	-	842.94M	876.73M	-	641.81M	663.48M	616.38M	608.03M
Current Liabilities	-	-	299.93M	505.38M	-	343.00M	418.49M	396.31M	430.94M
Long Term Debt	-	-	503.45M	321.39M	-	232.17M	186.01M	161.31M	115.22M
Total Debt	-	-	-	-	-	295.17M	246.50M	237.04M	190.53M
Total Equity	254.66M	162.70M	216.78M	437.39M	-	623.84M	667.58M	604.30M	633.56M
Shares Outstanding	-	-	-	-	-	101.39M	103.25M	104.76M	106.64M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	422.00K	37.10M	168.95M	-	66.39M	89.15M	35.88M	50.12M
Investing Cash Flow	-38.55M	-145.43M	-10.28M	-	-47.03M	-26.98M	-52.70M	-15.37M
Financing Cash Flow	47.35M	132.31M	-79.13M	-	72.61M	-37.39M	-50.68M	-48.87M
Capital Expenditure	-8.35M	-8.85M	-8.99M	-	-26.32M	-12.76M	-9.95M	-15.37M
Free Cash Flow	-7.92M	28.25M	159.96M	-	40.07M	76.39M	25.93M	34.75M
Net Change in Cash	-	-	-	-	91.96M	24.79M	-67.51M	-14.13M
Share Buybacks	-	1.53M	-	-	-	-	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	20.6%	20.4%	27.3%	-	21.6%	24.7%	24.9%	28.9%
Operating Margin %	2.3%	2.2%	9.3%	-	-4.0%	0.7%	-3.8%	0.1%
Net Margin %	-1.5%	-0.8%	6.1%	-	-4.0%	-0.2%	-6.5%	-1.1%
ROE %	-8.4%	-3.9%	23.6%	-	-8.7%	-0.4%	-14.1%	-2.6%
ROCE %	-	3.1%	19.6%	-	-5.7%	1.0%	-6.0%	0.3%

Shareholding Pattern

Insiders

3.82%

Institutions

90.98%

Public Float

94.59%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	6.89%	7.37M	$89.46M
2	Massachusetts Financial Services Co.	2.92%	3.12M	$37.87M
3	Vanguard Portfolio Management LLC	2.60%	2.78M	$33.78M
4	Dimensional Fund Advisors LP	2.17%	2.32M	$28.20M
5	Vanguard Capital Management LLC	1.93%	2.06M	$25.05M
6	AQR Capital Management, LLC	1.86%	1.99M	$24.20M
7	State Street Corporation	1.66%	1.77M	$21.53M
8	Palisade Capital Management, L.P.	1.52%	1.62M	$19.68M
9	Shaw D.E. & Co., Inc.	1.36%	1.45M	$17.59M
10	Invesco Ltd.	1.28%	1.37M	$16.57M

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for CRSR

No recent headlines available.

CRSR · Technology