CRSRNasdaqComputer Peripheral Equipment, NECFiscal year ends December 31
Corsair Gaming, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$13.08+0.29 (+2.27%)
Close on Oct 19, 2026
- Market cap
- $1.43B
- P/E (TTM)
- 42.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
28.9%+1.6 pts over 5 years
Operating margin
0.1%−9.2 pts over 5 years
Net margin
-1.1%−7.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.9% | +2.3% | -2.9% | – | |
| Gross profit | +30.0% | +12.8% | -1.8% | – | |
| Operating income | – | – | -58.0% | – | |
| Free cash flow | +33.5% | -4.6% | -26.3% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 31.6% | -2.6% | |
| Return on assets | – | 8.7% | -1.3% | |
| Current ratio | – | 1.37 | 1.54 | |
| Debt to equity | – | 0.73 | 0.19 | |
| Inventory turnover | – | 6.6× | 3.7× | |
| Capex to revenue | – | 0.5% | 1.0% | |
| Diluted shares | – | 91M | 106M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Corsair Gaming generated $261.73M from operations and spent $75.27M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$261.73M
Used
$75.27M
Capital expenditure$75.27M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1.1%
×Asset turnover1.18×
×Equity multiplier2.01×
=Return on equity, FY2025-2.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -1.1% | 1.18× | 2.01× | -2.6% |
| FY2024 | -6.5% | 1.02× | 2.04× | -13.4% |
| FY2023 | -0.2% | 1.10× | 2.06× | -0.4% |
| FY2022 | -4.0% | 1.04× | 2.21× | -9.1% |
| FY2021 | 5.3% | 1.44× | 2.64× | 20.1% |
| FY2020 | 6.1% | 1.43× | 3.63× | 31.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$16.16M
- Cash generatingOperating cash flow above zero$50.12M
- Return on assets improvedROA up on the prior year-6.3% → -1.3%
- Earnings backed by cashOperating cash flow above net income$50.12M vs -$16.16M
- Less leverageLong-term debt to assets fell13.1% → 9.2%
- Better liquidityCurrent ratio rose1.57 → 1.54
- No dilutionShare count did not rise104M → 106M
- Gross margin improvedGross margin up on the prior year24.89% → 28.92%
- More efficientAsset turnover rose0.97 → 1.19