📊 CRSR Key Takeaways
Is Corsair Gaming, Inc. (CRSR) a Good Investment?
Corsair demonstrates solid revenue growth of 11.9% YoY and positive free cash flow of $26.1M, but faces critical operational challenges with interest coverage of only 0.5x and severely depressed returns on equity of 2.0%. Meaningful improvement in operating margins (currently 3.9%) is required before the company can sustainably service its debt and create adequate shareholder returns.
Corsair shows solid top-line recovery and positive free cash flow generation, supported by a reasonably healthy balance sheet and low leverage. However, profitability remains very weak, with near-zero operating margin, negative net income, and extremely thin interest coverage, which limits the quality of the growth and keeps the fundamental outlook mixed.
Corsair Gaming, Inc. Key Strengths (CRSR)
- Revenue growth of 11.9% YoY with net income accelerating 16.7%, indicating operational leverage improvements
- Positive free cash flow of $26.1M (7.4% FCF margin) providing flexibility for debt service and reinvestment
- Low leverage with debt-to-equity of 0.18x leaving substantial debt capacity for strategic flexibility
- Revenue growth of 11.9% YoY indicates demand recovery and business momentum
- Positive operating cash flow and free cash flow show the business is still generating cash despite weak earnings
- Low debt-to-equity and a current ratio of 1.54x support balance sheet flexibility
CRSR Stock Risks: Corsair Gaming, Inc. Investment Risks
- Critical interest coverage of 0.5x indicates operating income cannot cover interest obligations, unsustainable without cash flow supplementation
- Extremely low returns on equity (2.0%) and assets (1.1%) demonstrate severe capital inefficiency and poor asset deployment
- Thin operating margin of 3.9% provides minimal cushion for cost pressures or demand softness in competitive peripherals market
- Quick ratio of 0.95x suggests tight short-term liquidity despite adequate current ratio
- Operating margin of 0.1% leaves almost no cushion against cost pressure or demand volatility
- Net losses and negative returns on equity and assets indicate weak underlying profitability
- Interest coverage of 0.1x suggests earnings are currently insufficient relative to financing burden
Key Metrics to Watch
- Operating margin expansion trajectory - must reach 8-10% range for sustainable debt servicing
- Interest coverage improvement - critical threshold of 2.5x-3.0x needed to reduce financial stress
- Return on equity trend - currently unacceptable at 2.0%, must demonstrate clear path to 10%+
- Free cash flow conversion rate - monitor if positive FCF generation remains consistent amid margin pressures
- Operating margin and net margin improvement
- Free cash flow consistency versus revenue growth
Corsair Gaming, Inc. (CRSR) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Corsair Gaming, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
CRSR Profit Margin, ROE & Profitability Analysis
CRSR vs Technology Sector: How Corsair Gaming, Inc. Compares
How Corsair Gaming, Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Corsair Gaming, Inc. Stock Overvalued? CRSR Valuation Analysis 2026
Based on fundamental analysis, Corsair Gaming, Inc. has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Corsair Gaming, Inc. Balance Sheet: CRSR Debt, Cash & Liquidity
CRSR Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Corsair Gaming, Inc.'s revenue has declined by 23% over the 5-year period, indicating business contraction. The most recent EPS of $0.03 reflects profitable operations.
CRSR Revenue Growth, EPS Growth & YoY Performance
CRSR Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $354.5M | -$10.5M | $-0.10 |
| Q3 2025 | $304.2M | -$10.6M | $-0.09 |
| Q2 2025 | $261.3M | -$20.9M | $-0.16 |
| Q1 2025 | $337.3M | -$10.5M | $-0.10 |
| Q3 2024 | $304.2M | -$3.1M | $-0.03 |
| Q2 2024 | $261.3M | -$4.5M | $0.00 |
| Q1 2024 | $337.3M | -$2.0M | $-0.01 |
| Q3 2023 | $311.8M | -$3.1M | $-0.03 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Corsair Gaming, Inc. Dividends, Buybacks & Capital Allocation
CRSR SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Corsair Gaming, Inc. (CIK: 0001743759)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CRSR
What is the AI rating for CRSR?
Corsair Gaming, Inc. (CRSR) has a Combined AI Grade of B from Claude (B) and ChatGPT (B) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are CRSR's key strengths?
Claude: Revenue growth of 11.9% YoY with net income accelerating 16.7%, indicating operational leverage improvements. Positive free cash flow of $26.1M (7.4% FCF margin) providing flexibility for debt service and reinvestment. ChatGPT: Revenue growth of 11.9% YoY indicates demand recovery and business momentum. Positive operating cash flow and free cash flow show the business is still generating cash despite weak earnings.
What are the risks of investing in CRSR?
Claude: Critical interest coverage of 0.5x indicates operating income cannot cover interest obligations, unsustainable without cash flow supplementation. Extremely low returns on equity (2.0%) and assets (1.1%) demonstrate severe capital inefficiency and poor asset deployment. ChatGPT: Operating margin of 0.1% leaves almost no cushion against cost pressure or demand volatility. Net losses and negative returns on equity and assets indicate weak underlying profitability.
What is CRSR's revenue and growth?
Corsair Gaming, Inc. reported revenue of $354.5M.
Does CRSR pay dividends?
Corsair Gaming, Inc. does not currently pay dividends.
Where can I find CRSR SEC filings?
Official SEC filings for Corsair Gaming, Inc. (CIK: 0001743759) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CRSR's EPS?
Corsair Gaming, Inc. has a diluted EPS of $0.11.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is CRSR's fundamental grade?
Based on our AI fundamental analysis in June 2026, Corsair Gaming, Inc. has a B grade with 70% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is CRSR stock overvalued or undervalued?
Valuation metrics for CRSR: ROE of 2.0% (sector avg: 22%), net margin of 3.6% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
What is CRSR's AI grade for 2026?
Our dual AI analysis gives Corsair Gaming, Inc. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is CRSR's free cash flow?
Corsair Gaming, Inc.'s operating cash flow is $29.7M, with capital expenditures of $3.7M. FCF margin is 7.4%.
How does CRSR compare to other Technology stocks?
Vs Technology sector averages: Net margin 3.6% (avg: 18%), ROE 2.0% (avg: 22%), current ratio 1.74 (avg: 2.5).