CRSR Financials Corsair Gaming, Inc.

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 Aug 9, 2026, 10:19 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$1.5B	$16M	28.9%	0.1%	2.5%	1.3%	$35M	$121M	$99M
2024	$1.3B	-$85M	24.9%	-3.8%	-14.1%	-6.9%	$26M	$174M	$110M
2023	$1.5B	-$3M	24.7%	0.7%	-0.4%	-0.2%	$76M	$198M	$179M
2022	$1.4B	-$54M	21.6%	-4.0%	-8.7%	-4.2%	$40M	$239M	$154M
2021	$1.9B	$101M	27.0%	7.2%	17.8%	7.6%	$9M	$248M	$65M
2020	$1.7B	$103M	27.3%	9.3%	23.6%	7.9%	$160M	$321M	$134M
2019	$1.1B	-$8M	20.4%	2.2%	-3.9%	-0.8%	$28M	$503M	$52M
2018	$938M	-$14M	20.6%	2.3%	-8.4%	—	-$8M	—	$28M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Jun '26	$314M	$9M	33.2%	2.4%	1.3%	0.7%	$72M	$118M	$194M
Mar '26	$355M	$13M	32.7%	3.9%	2.0%	1.1%	$26M	$120M	$120M
Dec '25	$437M	$26M	33.1%	6.2%	4.1%	2.1%	$33M	$121M	$99M
Sep '25	$346M	-$11M	26.9%	-1.6%	-1.8%	-0.9%	-$41M	$123M	$66M
Jun '25	$320M	-$21M	26.8%	-5.3%	-3.5%	-1.7%	$27M	$124M	$107M
Mar '25	$370M	-$10M	27.7%	-0.6%	-1.7%	-0.8%	$16M	$149M	$103M
Dec '24	$414M	$2M	26.2%	1.4%	0.4%	0.2%	$54M	$174M	$110M
Sep '24	$304M	-$52M	22.9%	-6.9%	-8.6%	-4.3%	$22M	$177M	$62M
Jun '24	$261M	-$24M	24.1%	-9.5%	-3.8%	-2.0%	-$21M	$180M	$95M
Mar '24	$337M	-$12M	25.7%	-3.0%	-1.7%	-0.9%	-$29M	$183M	$130M
Dec '23	$417M	$7M	24.6%	2.9%	1.0%	0.5%	$55M	$198M	$179M
Sep '23	$363M	-$3M	24.6%	-0.2%	-0.5%	-0.2%	-$15M	$223M	$148M
Jun '23	$325M	-$4M	25.5%	-0.8%	-0.7%	-0.3%	-$634000	$228M	$184M
Mar '23	$354M	-$2M	24.1%	0.3%	-0.3%	-0.2%	$37M	$229M	$182M
Dec '22	$399M	$7M	24.5%	3.4%	1.1%	0.5%	$15M	$239M	$154M
Sep '22	$312M	-$6M	23.0%	-3.5%	-1.2%	-0.5%	$27M	$244M	$62M
Jun '22	$284M	-$52M	12.8%	-19.4%	-9.9%	-4.2%	$9M	$245M	$39M
Mar '22	$381M	-$3M	23.8%	-0.7%	-0.5%	-0.2%	-$10M	$246M	$32M
Dec '21	$511M	$25M	23.9%	4.9%	4.3%	1.8%	-$8M	$248M	$65M
Sep '21	$391M	$2M	25.9%	2.7%	0.3%	0.1%	-$37M	$249M	$76M

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 40.1× (Dec '25) to 82.5× (Nov '26).
The price-to-sales ratio has fallen from 1.4× (Mar '23) to 0.9× (Nov '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?

Corsair Gaming, Inc.'s P/E (TTM) is 35.89 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CRSR stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 82.5× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.