Turtle Beach (TBCH) Stock Fundamentals, Analysis & Risk Signals

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

Turtle Beach

NasdaqGM•Technology•Consumer Electronics

$12.48-0.04(<0.01%)Market closed

Market Cap

$240.73M

P/S

0.8x

P/B

3.0x

Turtle Beach Corporation, an audio and gaming technology company, develops and markets audio and gaming accessory products under the Turtle Beach brand in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers headsets, controllers, keyboards, mice, flight and racing simulation hardware, microphones, and fight sticks; accessories, such as mousepads, headset stands and cases, and chargers; and replacement parts for transmitters, headsets, mice, keyboards, controllers, and flight simulation products. Its products are used with video game and entertainment consoles, handheld consoles, personal computers, tablets, and mobile devices. The company serves professional streamers, content creators, and esports gamers; and retailers, distributors, and online customers. Turtle Beach Corporation was founded in 1975 and is headquartered in San Diego, California.

How this company scores

WeakMetricSide Score: 37/100

Strongest: Cash & Earnings Quality (14/25); weakest: Growth (4/25).

Profitability11/25

Growth4/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality14/25

Strengths

Rising free cash flowLong cash runwayImproving marginsNo share dilution

Valuation vs. 5-year range

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

P/E · 166.3x5y range 14.3x – 166.3x

Currently above its 10-quarter median.

P/S · 0.8x5y range 0.5x – 1.2x

Currently near its 20-quarter median.

P/B · 3.0x5y range 1.0x – 3.3x

Watch items

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

High Risk

Margin Pressure

Red Flag

Operating margins dropped 158.6% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -9.7x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $240.73M

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $297.77M
Q. Revenue: $56.37M
TTM EBITDA: $13.05M
TTM Op. Income: $9.20M
Q. Op. Income: $-3.05M
TTM Net Income: $-3.19M
Q. Net Income: $-7.31M
EPS: $-0.38
Shares Out.: $19.18M

$297.77M in TTM revenue declined 17.5% YoY, reaching $56.37M last quarter. TTM EBITDA of $13.05M and TTM operating income of $9.20M show growth is flowing through to the bottom line. However, net income is negative at $3.19M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 5 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 38.8%
EBITDA Margin: -4.0%
Op. Margin: -5.4%
Net Margin: -13.0%

Op. margin of -5.4% is down 4.8% YoY — costs are rising relative to revenue. Net margin at -13.0% and gross margin of 38.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 834% — an improving trend.

Price Ratios

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

P/E Ratio: N/A
P/S Ratio: 0.8x
P/B Ratio: 3.0x

P/S of 0.8x and P/B of 3.0x. P/S is low relative to typical market levels. Across the last 7 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

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

Total Assets: $215.17M
Cash: $19.57M
Long-Term Debt: $76.44M
Book Value: $80.72M
D/E Ratio: 0.9
Debt/EBITDA: N/A

With $215.17M in assets and $76.44M in long-term debt, D/E is 0.9and book value is $80.72M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

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

Op. Cash Flow: $6.49M
TTM Free Cash Flow: $32.25M
FCF Margin: 10.8%
FCF / Net Income: -10.1

TTM FCF of $32.25M on $6.49M in operating cash flow. The FCF / Net Income ratio of -10.1x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 29% — an improving trend.