Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
CRSR · Nasdaq · United States · Computer Peripheral Equipment, Nec
In shortCorsair Gaming, Inc. is loss-making, generates cash and carries moderate debt, with revenue growing (+11.9% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 0.1% | 17/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -1.1% | 16/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -2.6% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 0.2% | 1/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.54× | 62/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.19× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.40× | 74/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.22× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.15 | 27/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 2.4% | 29/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 17.1% | 48/100 |
| Operating margin volatility | 4.6% | 68/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 2.3% | 29/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
3 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1,904 | 1,375 | 1,460 | 1,316 | 1,472 |
| Cost of revenue | 1,390 | 1,078 | 1,100 | 989 | 1,047 |
| Gross profit | 514 | 297 | 360 | 328 | 426 |
| Research & development | 60 | 66 | 65 | 68 | 69 |
| Selling, general & admin | 316 | 285 | 285 | 310 | 355 |
| Operating income | 138 | (55) | 9.7 | (50) | 2.1 |
| Interest expense | 18 | 9.6 | 17 | 13 | 9.4 |
| Pre-tax income | 115 | (64) | (3.5) | (62) | (12) |
| Income tax | 14 | (9.8) | (2.4) | 22 | 2.8 |
| Net income | 101 | (54) | (2.6) | (85) | (16) |
| Diluted EPS | $1.01 | −$0.63 | $0.03 | −$0.95 | −$0.12 |
| Diluted shares (millions) | 100 | 96 | 106 | 104 | 106 |
3 older years available with the 10-year history. Essential plan, from €8.25/month →
2.15 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 6, 2026