8 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 2.9% per year over the past 5 years.
Net income has grown slower than revenue (-31.1% vs -2.9% per year).
Operating margin has contracted, at 0.1% in the latest year.
Free cash flow has declined 26.3% per year over the past 5 years.
Financial health
Total debt ($121M) exceeds cash ($99M); net debt is $23M.
Total debt has grown slower than revenue (-17.7% vs -2.9% per year).
Operating income covered interest expense 0.2× in the latest year, down from 4.5× 5 years ago.
Total debt is 58× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.5B
$16M
28.9%
0.1%
$35M
$121M
$99M
2024
$1.3B
-$85M
24.9%
-3.8%
$26M
$174M
$110M
2023
$1.5B
-$3M
24.7%
0.7%
$76M
$198M
$179M
2022
$1.4B
-$54M
21.6%
-4.0%
$40M
$239M
$154M
2021
$1.9B
$101M
27.0%
7.2%
$9M
$248M
$65M
2020
$1.7B
$103M
27.3%
9.3%
$160M
$321M
$134M
2019
$1.1B
-$8M
20.4%
2.2%
$28M
$503M
$52M
2018
$938M
-$14M
20.6%
2.3%
-$8M
—
$28M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$355M
$13M
32.7%
3.9%
$26M
$120M
$120M
Dec '25
$437M
$26M
33.1%
6.2%
$33M
$121M
$99M
Sep '25
$346M
-$11M
26.9%
-1.6%
-$41M
$123M
$66M
Jun '25
$320M
-$21M
26.8%
-5.3%
$27M
$124M
$107M
Mar '25
$370M
-$10M
27.7%
-0.6%
$16M
$149M
$103M
Dec '24
$414M
$2M
26.2%
1.4%
$54M
$174M
$110M
Sep '24
$304M
-$52M
22.9%
-6.9%
$22M
$177M
$62M
Jun '24
$261M
-$24M
24.1%
-9.5%
-$21M
$180M
$95M
Mar '24
$337M
-$12M
25.7%
-3.0%
-$29M
$183M
$130M
Dec '23
$417M
$7M
24.6%
2.9%
$55M
$198M
$179M
Sep '23
$363M
-$3M
24.6%
-0.2%
-$15M
$223M
$148M
Jun '23
$325M
-$4M
25.5%
-0.8%
-$634000
$228M
$184M
Mar '23
$354M
-$2M
24.1%
0.3%
$37M
$229M
$182M
Dec '22
$399M
$7M
24.5%
3.4%
$15M
$239M
$154M
Sep '22
$312M
-$6M
23.0%
-3.5%
$27M
$244M
$62M
Jun '22
$284M
-$52M
12.8%
-19.4%
$9M
$245M
$39M
Mar '22
$381M
-$3M
23.8%
-0.7%
-$10M
$246M
$32M
Dec '21
$511M
$25M
23.9%
4.9%
-$8M
$248M
$65M
Sep '21
$391M
$2M
25.9%
2.7%
-$37M
$249M
$76M
Jun '21
$473M
$28M
27.6%
7.3%
$29M
$270M
$139M
Valuation over time
How the market has priced CRSR against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 39.6× (Dec '25) to 58.7× (Jun '26).
The price-to-sales ratio has fallen from 1.4× (Mar '23) to 0.6× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is CRSR growing its revenue and profit?
Over the past 5 years, Corsair Gaming, Inc.'s revenue has declined 2.9% per year, and net income declined 31.1% per year. These are computed facts, not advice.
How much debt does CRSR have?
As of FY2025, Corsair Gaming, Inc. reported $121M of total debt against $99M of cash; operating income covered interest expense 0.2×.
What is CRSR's profit margin?
In FY2025, gross margin was 28.9%, operating margin 0.1%, and net margin 1.1%.
What is CRSR's P/E ratio?
As of Jun '26, Corsair Gaming, Inc. traded at a price-to-earnings ratio of about 58.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.