📊 CRSR Key Takeaways
Is Corsair Gaming, Inc. (CRSR) a Good Investment?
Corsair Gaming faces significant profitability challenges despite revenue growth, with negative net income and minimal operating margins indicating operational stress in a competitive gaming peripherals market. The company's weak interest coverage ratio and negative returns on equity suggest deteriorating financial efficiency, though positive free cash flow and manageable debt levels provide some downside protection.
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.
Why Buy Corsair Gaming, Inc. Stock? CRSR Key Strengths
- Revenue growth of 11.9% YoY demonstrates market demand and customer acquisition
- Positive free cash flow of $34.7M provides liquidity cushion despite losses
- Moderate leverage with 0.19x debt-to-equity ratio limits financial distress risk
- Gross margin of 28.9% suggests adequate pricing power and supply chain management
- 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
- Negative net income of -$16.2M indicates the company is unprofitable at the bottom line
- Operating margin near zero (0.1%) reveals severe operational inefficiency
- Interest coverage of 0.1x shows inability to cover debt service from operations, creating solvency risk
- Negative ROE (-2.6%) and ROA (-1.3%) indicate deteriorating capital efficiency
- Sharp decline in net income (-29.6% YoY) despite revenue growth signals worsening operational performance
- 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 trend - critical to return to profitability
- Interest coverage ratio - must improve to ensure debt sustainability
- Free cash flow sustainability - monitor if operational losses continue
- Gross margin maintenance - key to offsetting fixed cost burden
- Return on equity recovery - essential for shareholder value creation
- Operating margin and net margin improvement
- Free cash flow consistency versus revenue growth
Corsair Gaming, Inc. (CRSR) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 2.4% FCF margin may limit capital allocation flexibility.
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 |
|---|---|---|---|
| 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 |
| Q2 2023 | $283.9M | -$4.5M | $0.00 |
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 Rating of SELL from Claude (SELL) and ChatGPT (HOLD) with 76% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are CRSR's key strengths?
Claude: Revenue growth of 11.9% YoY demonstrates market demand and customer acquisition. Positive free cash flow of $34.7M provides liquidity cushion despite losses. 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: Negative net income of -$16.2M indicates the company is unprofitable at the bottom line. Operating margin near zero (0.1%) reveals severe operational inefficiency. 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 $1.5B.
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 $-0.12.
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 rating reflects both perspectives for balanced insights.
Is CRSR a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Corsair Gaming, Inc. has a SELL rating with 76% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is CRSR stock overvalued or undervalued?
Valuation metrics for CRSR: ROE of -2.6% (sector avg: 22%), net margin of -1.1% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
Should I buy CRSR stock in 2026?
Our dual AI analysis gives Corsair Gaming, Inc. a combined SELL rating 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 $50.1M, with capital expenditures of $15.4M. FCF margin is 2.4%.
How does CRSR compare to other Technology stocks?
Vs Technology sector averages: Net margin -1.1% (avg: 18%), ROE -2.6% (avg: 22%), current ratio 1.54 (avg: 2.5).