Corsair Gaming (CRSR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Corsair Gaming

NasdaqGS•Technology•Computer Hardware

$12.72-0.05(<0.01%)Market closed

Market Cap

$1.44B

P/E

39.0x

P/S

1.0x

P/B

2.2x

Corsair Gaming, Inc., together with its subsidiaries, designs and sells gaming and streaming peripherals, components, and systems in Europe, the Middle East, North Africa, North America, Latin America, and the Asia Pacific. The company operates in two segments, Gamer and Creator Peripherals, and Gaming Components and Systems. The Gamer and Creator Peripherals segment offers gaming keyboards, mice, headsets, and controllers Stream Decks, microphones, teleprompters, audio interfaces, Facecam streaming cameras, studio accessories, command center displays, sim racing products, and gaming furniture. Its Gaming Components and Systems segment provides power supply units, cooling solutions, computer cases, dynamic random access memory modules. pre- and custom-built gaming personal computers and laptops, and AI workstations. The company also offers software platforms, including iCUE for gamers and Elgato streaming suite for content creators, as well as digital services. It sells its products through e-retail, retail, and direct-to-consumer channels, as well as distributors. The company was formerly known as Corsair Components (Cayman) Ltd and changed its name to Corsair Gaming, Inc. in 2018. Corsair Gaming, Inc. was incorporated in 1994 and is headquartered in Milpitas, California.

How this company scores

GoodMetricSide Score: 66/100

Strongest: Balance Sheet & Red Flags (22/25); weakest: Profitability (12/25).

Profitability12/25

Growth17/25

Balance Sheet & Red Flags22/25

Cash & Earnings Quality15/25

Strengths

Rising earningsLow leverageCash-backed earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 39.0x5y range 4.3x – 80.6x

Currently above its 5-quarter median.

P/S · 1.0x5y range 0.2x – 1.0x

Currently above its 20-quarter median.

P/B · 2.2x5y range 0.9x – 2.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $1.44B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.45B
Q. Revenue: $314.33M
TTM EBITDA: $96.32M
TTM Op. Income: $42.67M
Q. Op. Income: $7.61M
TTM Net Income: $36.79M
Q. Net Income: $8.84M
EPS: $0.06
Shares Out.: $107.35M

$1.45B in TTM revenue grew 3.1% YoY, reaching $314.33M last quarter. TTM EBITDA of $96.32M and TTM operating income of $42.67M show growth is flowing through to the bottom line. TTM net income of $36.79M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 33.2%
EBITDA Margin: 6.4%
Op. Margin: 2.4%
Net Margin: 2.8%

Op. margin of 2.4% is up 7.7% YoY — cost efficiency is improving. Net margin at 2.8% and gross margin of 33.2% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 39.0x
P/S Ratio: 1.0x
P/B Ratio: 2.2x

At 39.0x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.0x and P/B of 2.2x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Over the past year, P/E is up 0% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.22B
Cash: $192.24M
Long-Term Debt: $112.16M
Book Value: $664.85M
D/E Ratio: 0.2
Debt/EBITDA: 5.6

With $1.22B in assets and $112.16M in long-term debt, D/E is 0.2and book value is $664.85M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $74.84M
TTM Free Cash Flow: $89.72M
FCF Margin: 6.2%
FCF / Net Income: 2.4

TTM FCF of $89.72M on $74.84M in operating cash flow. The FCF / Net Income ratio of 2.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.