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TBCH · Nasdaq · United States · Communications Equipment, Nec
In shortTurtle Beach Corp is profitable, generates cash and carries moderate debt, with revenue shrinking (−14.2% last year).
Financial health
Solid
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. | 8.6% | 45/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 4.9% | 40/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 12.6% | 63/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 14.0% | 94/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.98× | 99/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.43× | 87/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.19× | 80/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 3.48× | 19/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.51 | 36/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 10.6% | 63/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 2.16× | 100/100 |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 29.2% | 3/100 |
| Operating margin volatility | 12.5% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 10.0% | 72/100 |
|---|---|---|
| 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.
5 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 | 366 | 240 | 258 | 373 | 320 |
| Cost of revenue | 238 | 191 | 183 | 244 | 201 |
| Gross profit | 128 | 49 | 76 | 129 | 119 |
| Research & development | 17 | 19 | 17 | 17 | 17 |
| Operating income | 20 | (51) | (16) | 20 | 28 |
| Interest expense | 0.4 | 1.2 | 0.5 | 8.3 | 7.9 |
| Pre-tax income | 20 | (54) | (17) | 11 | 17 |
| Income tax | 2.4 | 5.1 | 0.3 | (5.5) | 1.1 |
| Net income | 18 | (60) | (18) | 16 | 16 |
| Diluted EPS | $0.97 | −$3.62 | −$1.03 | $0.78 | $0.77 |
| Diluted shares (millions) | 18 | 20 | 17 | 21 | 20 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of Turtle Beach Corp are included in the Investor plan. Try free for 7 days →
2.51 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.
7/9
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