📊 CRSR Key Takeaways
Investment Thesis
Corsair Gaming faces significant profitability challenges despite revenue growth, with negative net income and minimal operating margins indicating operational stress in a competitive gaming peripherals market. The company's weak interest coverage ratio and negative returns on equity suggest deteriorating financial efficiency, though positive free cash flow and manageable debt levels provide some downside protection.
CRSR Strengths
- Revenue growth of 11.9% YoY demonstrates market demand and customer acquisition
- Positive free cash flow of $34.7M provides liquidity cushion despite losses
- Moderate leverage with 0.19x debt-to-equity ratio limits financial distress risk
- Gross margin of 28.9% suggests adequate pricing power and supply chain management
CRSR Risks
- Negative net income of -$16.2M indicates the company is unprofitable at the bottom line
- Operating margin near zero (0.1%) reveals severe operational inefficiency
- Interest coverage of 0.1x shows inability to cover debt service from operations, creating solvency risk
- Negative ROE (-2.6%) and ROA (-1.3%) indicate deteriorating capital efficiency
- Sharp decline in net income (-29.6% YoY) despite revenue growth signals worsening operational performance
Key Metrics to Watch
- Operating margin trend - critical to return to profitability
- Interest coverage ratio - must improve to ensure debt sustainability
- Free cash flow sustainability - monitor if operational losses continue
- Gross margin maintenance - key to offsetting fixed cost burden
- Return on equity recovery - essential for shareholder value creation
CRSR Financial Metrics
💡 AI Analyst Insight
The relatively thin 2.4% FCF margin may limit capital allocation flexibility.
CRSR Profitability Ratios
CRSR vs Technology Sector
How Corsair Gaming, Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CRSR Balance Sheet & Liquidity
CRSR 5-Year Financial Trend
5-Year Trend Summary: Corsair Gaming, Inc.'s revenue has declined by 23% over the 5-year period, indicating business contraction. The most recent EPS of $0.03 reflects profitable operations.
CRSR Growth Metrics (YoY)
CRSR Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $304.2M | -$10.6M | $-0.09 |
| Q2 2025 | $261.3M | -$20.9M | $-0.16 |
| Q1 2025 | $337.3M | -$10.5M | $-0.10 |
| Q3 2024 | $304.2M | -$3.1M | $-0.03 |
| Q2 2024 | $261.3M | -$4.5M | $0.00 |
| Q1 2024 | $337.3M | -$2.0M | $-0.01 |
| Q3 2023 | $311.8M | -$3.1M | $-0.03 |
| Q2 2023 | $283.9M | -$4.5M | $0.00 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CRSR Capital Allocation
CRSR SEC Filings
Access official SEC EDGAR filings for Corsair Gaming, Inc. (CIK: 0001743759)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CRSR
What is the AI rating for CRSR?
Corsair Gaming, Inc. (CRSR) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CRSR's key strengths?
Revenue growth of 11.9% YoY demonstrates market demand and customer acquisition. Positive free cash flow of $34.7M provides liquidity cushion despite losses.
What are the risks of investing in CRSR?
Negative net income of -$16.2M indicates the company is unprofitable at the bottom line. Operating margin near zero (0.1%) reveals severe operational inefficiency.
What is CRSR's revenue and growth?
Corsair Gaming, Inc. reported revenue of $1.5B.
Does CRSR pay dividends?
Corsair Gaming, Inc. does not currently pay dividends.
Where can I find CRSR SEC filings?
Official SEC filings for Corsair Gaming, Inc. (CIK: 0001743759) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CRSR's EPS?
Corsair Gaming, Inc. has a diluted EPS of $-0.12.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.