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Turtle Beach Corporation TBCH R2K

Technology · Consumer Electronics · United States
https://www.turtlebeach.com

Turtle Beach Corporation, an audio and gaming technology company, develops and markets audio and gaming accessory products under the Turtle Beach brand in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers headsets, controllers, keyboards, mice, flight and racing simulation hardware, microphones, and fight sticks; accessories, such as mousepads, headset stands and cases, and chargers; and replacement parts for transmitters, headsets, mice, keyboards, controllers, and flight simulation products. Its products are used with video game and entertainment consoles, handheld consoles, personal computers, tablets, and mobile devices. The company serves professional streamers, content creators, and esports gamers; and retailers, distributors, and online customers. Turtle Beach Corporation was founded in 1975 and is headquartered in San Diego, California.

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$13.04
+13.59% 1Y

Market & Price

Market Cap
$258.81M
Current Price
$13.04
High / Low (52W)
$17.09 / $10.14
Beta
2.26

Valuation

Stock P/E
652.00
Industry PE
32.74
Forward P/E
10.01
PEG Ratio
0.95
Book Value
$6.70
Price to Book
1.95
P/S
0.87
EV/EBITDA
15.04
Dividend Yield
-

Profitability & Returns

ROCE
14.65%
ROE
1.02%
ROA
2.20%
Profit Margin
0.40%
Op Margin
-33.34%
EPS (Latest Qtr)
$-0.78
EPS (TTM)
$0.02

Balance Sheet & Liquidity

Debt/Equity
0.52
Quick Ratio
0.89
Current Ratio
2.46
Debt
$58.01M
Total Assets
$269.05M
Current Assets
$173.81M
Working Capital
$86.14M

Ownership

Promoter Holding
20.60%
Chg in Prom Hold
-1.01%
FII / Inst Holding
71.22%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$304.50M
Total Revenue (TTM)
$298.18M
EBITDA
$20.24M
Free Cash Flow
$16.33M
Operating Cash Flow
$24.38M
Shares Outstanding
19.85M
Gross Margin
36.33%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
10.03%
Profit 5Y
42.14%
Revenue (YoY)
-34.00%
Earnings (YoY)
-

PROS

  • Compounding revenue at 10.0% over 5 years.
  • Profit CAGR of 42.1% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading at a high P/E of 652.0.
  • In a downtrend (50-DMA below 200-DMA).

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

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

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).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 TBCH Turtle Beach Corporation R2K 13.04 652.00 $258.81M - 14.65% 1.02% 10.03% 42.14%
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%
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Quarterly Results

Figures in USD.

Metric Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue --------40.89M60.80M74.43M111.32M44.85M41.33M46.72M101.76M35.01M79.68M112.49M132.91M93.05M78.56M85.31M109.43M46.66M41.30M51.30M100.90M51.44M47.98M59.16M99.54M55.85M76.48M94.36M63.90M56.78M80.46M118.78M42.17M
Cost of Revenue -----------------------------------40.53M38.52M50.40M71.18M30.88M
Gross Profit 3.36M5.11M3.93M30.21M2.22M6.30M12.54M29.95M15.03M20.28M30.50M42.89M14.79M13.17M15.04M35.71M10.79M29.23M46.14M47.64M34.85M28.71M29.27M35.55M14.03M7.88M7.26M20.02M14.14M11.87M17.69M31.80M17.79M23.08M34.13M23.37M18.26M30.06M47.60M11.29M
Operating Expenses -----------------------------------24.66M24.56M24.21M26.31M25.36M
Operating Income -9.77M-40.49M-42.74M--8.09M-4.96M1.88M-3.79M8.27M16.52M-1.80M-2.31M-2.52M--5.01M9.96M24.22M-12.28M443.00K1.49M--8.29M-21.37M-13.70M--6.49M-15.79M-2.52M--5.71M-4.11M6.42M-1.29M-6.29M5.84M21.28M-14.06M
EBITDA -----------------------------------4.36M1.97M8.78M23.90M-11.07M
Interest Expense -----------------------------------2.01M2.05M3.72M2.00M1.37M
Pretax Income ------------------------------------773.00K-3.18M1.97M18.78M-15.33M
Tax Provision ------------------------------------109.00K-246.00K254.00K1.17M-123.00K
Net Income -12.01M-42.57M-44.80M12.20M-9.93M-7.06M-492.00K14.23M1.96M-2.32M14.93M24.61M3.06M-2.37M-3.12M20.39M-3.56M8.20M17.79M16.30M8.84M1.72M2.62M4.54M-6.48M-17.83M-12.01M-23.23M-6.71M-15.92M-3.61M8.55M155.00K-7.52M3.41M-664.00K-2.93M1.72M17.61M-15.21M
Diluted EPS -0.26-0.86-0.910.25-0.81-0.57-0.041.150.16-0.170.911.330.19-0.16-0.221.29-0.250.511.040.930.490.090.140.25-0.40-1.08-0.73-1.40-0.40-0.93-0.210.470.01-0.350.16-0.03-0.140.080.87-0.78
R&D Expense 2.02M2.04M2.64M-1.39M1.70M1.34M-1.33M1.33M1.40M-1.46M1.73M2.20M-2.43M3.00M3.26M-3.99M4.42M4.52M-5.25M5.14M4.40M-4.10M4.19M4.38M-3.90M4.59M4.31M3.99M4.47M4.16M-4.57M

Profit & Loss (Annual)

Figures in USD.

Metric Sep 2010Sep 2011Sep 2012Dec 2012Sep 2013Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ---------149.13M287.44M234.66M360.09M-240.17M258.12M372.77M319.91M
Cost of Revenue --------------190.98M182.62M243.78M200.63M
Gross Profit 101.46K43.64K113.51K74.34M270.57K50.33M50.67M40.69M42.61M51.00M108.70M78.71M133.79M-49.19M75.50M128.98M119.28M
Operating Expenses --------------98.77M91.95M98.12M99.75M
Operating Income -921.70K-1.18M-4.47M42.91M-7.67M1.60M-13.82M-74.40M-77.70M4.80M54.04M10.43M49.17M--49.58M-16.44M30.86M19.54M
EBITDA ---------------47.42M-12.00M30.13M39.00M
Interest Expense --------------1.22M504.00K8.07M9.77M
Pretax Income ---------------54.45M-17.34M10.67M16.80M
Tax Provision --------------5.09M338.00K-5.51M1.07M
Net Income -923.20K-1.48M-4.46M26.46M-7.67M-6.16M-15.49M-82.91M-87.18M-3.25M39.19M17.94M38.75M--59.55M-17.68M16.18M15.73M
Diluted EPS ---0.13--0.49-0.39-1.96-7.18-0.262.741.042.37--3.62-1.030.780.77
R&D Expense 229.40K647.99K1.34M2.10M2.06M4.87M9.40M11.56M8.26M5.59M5.61M7.86M12.27M17.49M19.12M17.14M17.30M16.89M

Compounded Sales Growth

5 Years:10.03%
1 Year:-34.00%

Compounded Profit Growth

5 Years:42.14%
1 Year:-

Stock Price Performance

1 Year:+13.59%
6 Months:-4.96%
3 Months:+3.99%
1 Month:+16.01%

Balance Sheet (Annual)

Figures in USD.

Metric Sep 2009Sep 2010Sep 2011Dec 2011Sep 2012Dec 2012Sep 2013Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -644.19K1.12M-7.57M-4.27M127.31M246.97M172.46M94.80M94.25M121.92M131.35M203.45M-163.39M149.97M298.86M269.05M
Current Assets ----------------135.18M124.86M188.37M173.81M
Cash & Equivalents -439.38K491.76K15.94M5.53M5.22M1.60M6.51M7.91M7.11M6.18M5.25M7.08M8.25M46.68M-11.40M18.73M12.99M16.96M
Inventory ----------------71.25M44.02M71.25M69.22M
Receivables ----------------43.34M54.39M93.12M76.80M
Total Liabilities ----313.21K-1.18M138.10M115.78M115.81M115.50M116.41M84.42M67.96M87.05M-74.45M64.89M178.26M140.56M
Current Liabilities -611.71K403.34K-313.21K-1.08M111.21M88.86M69.18M66.89M67.55M73.60M64.59M78.65M-64.33M56.33M123.67M87.68M
Long Term Debt -------10.34M5.77M27.54M28.32M27.62M0-----45.62M46.34M
Total Debt ----------------19.05M-96.28M84.29M
Total Equity 923.20K32.48K720.46K-7.25M-3.09M-35.14M131.19M56.65M-20.70M-22.16M37.50M63.39M116.40M-88.94M85.08M120.60M128.50M
Shares Outstanding ----------------16.57M17.53M19.96M19.19M

Cash Flows (Annual)

Figures in USD.

Metric Sep 2010Sep 2011Sep 2012Dec 2012Sep 2013Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 257.61K-992.52K-2.75M6.98M-4.97M18.29M-14.83M-15.13M-1.83M3.42M42.25M39.37M51.05M--41.85M27.04M5.76M35.46M
Investing Cash Flow -27.98K-181.55K-403.88K-11.28M-295.60K-6.17M557.00K-6.69M-3.23M-4.41M-5.08M-14.58M-5.66M--3.55M-2.16M-82.21M1.10M
Financing Cash Flow 209.76K1.23M8.19M-6.34M1.33M-11.02M15.97M21.13M4.21M-162.00K-35.13M-24.18M-7.41M-19.71M-17.85M71.05M-32.58M
Capital Expenditure -8.32K-140.56K-108.78K-5.95M-35.50K-6.17M-3.54M-6.69M-3.23M-4.41M-5.08M-1.91M-5.66M--3.55M-2.16M-4.91M-1.42M
Free Cash Flow 249.28K-1.13M-2.86M1.03M-5.00M12.12M-18.37M-21.83M-5.06M-993.00K37.17M37.46M45.39M--45.40M24.89M847.00K34.04M
Net Change in Cash ---------------25.69M7.04M-5.40M3.97M
Share Buybacks --------00246.00K2.52M-4.88M-974.00K27.78M18.96M

Ratios (Annual)

Figures in %.

Metric Sep 2010Sep 2011Sep 2012Dec 2012Sep 2013Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------34.2%37.8%33.5%37.2%-20.5%29.3%34.6%37.3%
Operating Margin % ---------3.2%18.8%4.4%13.7%--20.6%-6.4%8.3%6.1%
Net Margin % ----------2.2%13.6%7.6%10.8%--24.8%-6.8%4.3%4.9%
ROE % -2,842.2%-206.0%-61.5%--248.5%17.5%-11.8%-146.3%421.3%14.7%104.5%28.3%33.3%--67.0%-20.8%13.4%12.2%
ROCE % -2,837.6%-163.3%-61.7%--241.0%9.9%-8.7%-72.0%-278.4%18.0%111.8%15.6%39.4%--50.1%-17.6%17.6%10.8%

Shareholding Pattern

Insiders
20.60%
Institutions
71.22%
Public Float
89.70%

Top Institutional Holders

#Holder% HeldSharesValue
1 Windward Management LP 8.10% 1.61M $20.97M
2 Garnet Equity Capital Holdings, Inc. 7.63% 1.51M $19.74M
3 Morgan Stanley 5.95% 1.18M $15.40M
4 Blackrock Inc. 5.82% 1.15M $15.05M
5 Goldman Sachs Group Inc 3.35% 664.33K $8.66M
6 Vanguard Capital Management LLC 3.28% 650.53K $8.48M
7 Shay Capital LLC 3.23% 640.62K $8.35M
8 Dimensional Fund Advisors LP 2.21% 437.88K $5.71M
9 LSV Asset Management 1.98% 393.60K $5.13M
10 Geode Capital Management, LLC 1.88% 373.12K $4.87M

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