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CRSR

16.80USD-0.05(-0.30%)Delayed

Corsair Gaming, Inc.

Market Summary

USD16.80-0.05Delayed
-0.30%

CRSR Alerts

CRSR Stock Price

RSI Chart

Valuation

Market Cap

1.3B

Price/Earnings

-46.32

Price/Sales

0.84

Price/Cashflow

-45.11

MarketCap/EBT

-36.89

Price/Sales

Profitability

Operating Margin

22.37%

EBT Margin

-2.28%

Return on Equity

-5.41%

Return on Assets

-2.3%

Fundamentals

Revenue

Revenue (TTM)

1.6B

Revenue Y/Y

-39.96%

Revenue Q/Q

-25.42%

Earnings

Earnings (TTM)

-28.4M

Earnings Y/Y

-287.47%

Earnings Q/Q

-1.7K%

Price Action

52 Week Range

23.98
(Low)(High)

Last 7 days

-1.5%

Last 30 days

24.8%

Last 90 days

6.1%

Trailing 12 Months

-28.2%

Financial Health

Current Ratio

1.56

Debt/Equity

0.47

Debt/Cashflow

-0.12

Investor Care

Shares Dilution (1Y)

2.12%

Diluted EPS (TTM)

-0.3

Peers (Alternatives to Corsair Gaming)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.4T
394.3B
-0.67% -8.01%
23.66
5.99
7.79% 5.41%
1.8T
203.1B
7.29% -26.07%
25.2
8.66
15.22% 2.81%
1.3T
282.1B
2.93% -33.48%
18.7
4.44
17.94% -5.14%
952.9B
502.2B
-19.24% -47.82%
84.16
1.9
9.66% -56.89%
MID-CAP
2.5B
8.6B
6.97% -44.81%
-5.69
0.31
76.30% -20.89%
SMALL-CAP
1.9B
628.4M
4.90% -64.68%
-4.08
3.1
64.35% -18.14%
1.9B
1.6B
1.73% 6.73%
12.45
1.23
81.91% 208.48%
1.5B
-
15.46% -69.17%
-0.54
1.95
-4.11% -144.36%
1.4B
40.0M
-23.89% -77.58%
-1.84
34.64
34.91% -55.12%
1.0B
247.8M
5.73% -20.09%
-17.78
4.46
23.41% -194.70%
1.0B
412.4M
16.46% -28.89%
-153.63
2.47
51.09% -102.33%
988.1M
439.7M
-14.05% -83.16%
-2.97
2.13
-5.64% -199.38%
861.5M
1.2B
1.09% -47.19%
2.31
0.73
7.66% 583.60%
551.2M
2.2M
2.03% -70.95%
-1.55
343.43
-72.60% -50.32%

Financials for Corsair Gaming

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue-10.8%1,5661,7551,9041,9502,016
Gross Profit-21.1%350444514546572
Operating Expenses-1.1%372376376374362
  S&GA Expenses-2.2%307314316315304
  R&D Expenses4.1%6562605957
Earnings Before Taxes-170.8%-35.6550115144181
Net Income-155.3%-28.3951101119154
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets-6.6%1,2321,3191,3371,3421,378
  Current Assets-11.5%555627706708732
    Cash Equivalents21.0%39326576139
  Inventory-2.6%293300298332273
  Net PPE15.3%2320171616
  Goodwill-0.1%348348317314314
Liabilities-5.4%670708769805849
  Current Liabilities-7.3%357385447476494
  Long Term Debt-0.6%245246248249270
    LT Debt, Current-1.0%5555-
    LT Debt, Non Current-0.6%240242243244270
Shareholder's Equity-9.6%525580568537530
  Retained Earnings-63.9%3493987372
  Additional Paid-In Capital1.8%499490470464456
Accumulated Depreciation4.1%3231293028
Shares Outstanding0.4%9695959494
Minority Interest-7.9%1112---
Float-1,204----
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations-113.1%-29.15-13.682094153
  Share Based Compensation6.9%2119171511
Cashflow From Investing-15.9%-42.16-36.37-20.54-18.41-18.20
Cashflow From Financing42.9%-22.54-39.49-65.40-119.94-109.55

Risks

What is the probability of a big loss on CRSR?

80.7%


Probability that Corsair Gaming stock will be more than 20% underwater in next one year

71.0%


Probability that Corsair Gaming stock will be more than 30% underwater in next one year.

59.6%


Probability that Corsair Gaming stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CRSR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Corsair Gaming was unfortunately bought at previous high price.

Returns

Cumulative Returns on CRSR

Which funds bought or sold CRSR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Aurora Investment Counsel
-
-
-315,000
-
-%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
122,000
122,000
-%
2022-11-21
Parallax Volatility Advisers, L.P.
-
-
118,000
885,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-93,000
545,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
SOLD OFF
-100
-4,000
-
-%
2022-11-15
Balyasny Asset Management LLC
NEW
-
186,000
186,000
-%
2022-11-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
SOLD OFF
-
-
-
-%
2022-11-15
State of Tennessee, Treasury Department
UNCHANGED
-
-
164,000
-%
2022-11-15
ALLIANCEBERNSTEIN L.P.
ADDED
25.39
52,000
672,000
-%
2022-11-15
STATE STREET CORP
ADDED
11.1
-548,000
13,278,000
-%

1–10 of 38

Latest Funds Activity

Are funds buying CRSR calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own CRSR

Corsair Gaming News

The Motley Fool

3 Under-the-Radar Gaming Stocks You Can Buy and Hold for the Next Decade.5 days ago

Benzinga

CRSR Fair Value

Recent SEC filings of Corsair Gaming

View All Filings
Date Filed Form Type Document
Nov 23, 2022
SC 13D
13D - Major Acquisition
Nov 18, 2022
8-K
Current Report
Nov 17, 2022
4
Insider Trading
Nov 17, 2022
4
Insider Trading
Nov 17, 2022
4
Insider Trading
Nov 16, 2022
424B5
Prospectus Filed
Nov 15, 2022
4
Insider Trading
Nov 15, 2022
4
Insider Trading
Nov 14, 2022
4
Insider Trading
Nov 14, 2022
424B5
Prospectus Filed

Latest Insider Trading transactions for CRSR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-15
Bagaria Anup
BOUGHT
35,000,000
16.5
2,121,210
-
2022-11-15
MAJOROS GEORGE L. Jr.
BOUGHT
35,000,000
16.5
2,121,210
-
2022-11-15
Corsair Group (Cayman), LP
BOUGHT
35,000,000
16.5
2,121,210
-
2022-11-09
Paul Andrew J.
ACQUIRED
-
-
78,064
Chief Executive Officer
2022-11-07
Szteinbaum Samuel R.
ACQUIRED
55,000
2.2
25,000
-
2022-07-01
Lakritz Gregg A
ACQUIRED
-
-
476
see remarks
2022-07-01
Paul Andrew J.
SOLD FOR TAXES
-41,109.5
13.21
-3,112
Chief Executive Officer
2022-07-01
La Thi L
ACQUIRED
-
-
1,961
President & COO
2022-07-01
Lakritz Gregg A
SOLD FOR TAXES
-2,179.65
13.21
-165
see remarks
2022-07-01
La Thi L
SOLD FOR TAXES
-8,969.59
13.21
-679
President & COO

1–10 of 50

Andrew J. Paul
2490
Corsair Gaming, Inc., together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software. It also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs, and others; and PC gaming software comprising iCUE for gamers and Elgato's streaming suite for streamers and content creators. In addition, the company offers coaching and training, and other services. It sells its products through a network of distributors and retailers, including online retailers, as well as directly to consumers through its website. The company was incorporated in 1994 and is headquartered in Fremont, California. Corsair Gaming, Inc. is a subsidiary of Corsair Group (Cayman), LP.

CRSR Income Statement

2022-09-30
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Net revenue$ 311,769$ 391,121$ 976,368$ 1,393,438
Cost of revenue240,209289,759777,5931,001,397
Gross profit71,560101,362198,775392,041
Operating expenses:    
Sales, general and administrative66,93276,112216,456234,134
Product development15,61614,49550,75245,150
Total operating expenses82,54890,607267,208279,284
Operating income (loss)(10,988)10,755(68,433)112,757
Other (expense) income:    
Interest expense(2,734)(7,202)(5,689)(16,656)
Other income (expense), net1,662(1,402)1,796(4,002)
Total other expense, net(1,072)(8,604)(3,893)(20,658)
Income (loss) before income taxes(12,060)2,151(72,326)92,099
Income tax benefit (expense)6,115(374)11,262(15,854)
Net income (loss)(5,945)1,777(61,064)76,245
Less: Net income attributable to noncontrolling interests266 33 
Net income (loss) attributable to Corsair Gaming, Inc.(6,211)1,777(61,097)76,245
Calculation of net income (loss) per share attributable to common stockholders of Corsair Gaming, Inc.:    
Net income (loss) attributable to Corsair Gaming, Inc.(6,211)1,777(61,097)76,245
Change in redemption value of redeemable noncontrolling interests(2,690) (12,330) 
Net income (loss) attributable to common stockholders of Corsair Gaming, Inc.$ (8,901)$ 1,777$ (73,427)$ 76,245
Net income (loss) per share attributable to common stockholders of Corsair Gaming, Inc.:    
Basic$ 0.09$ 0.02$ (0.77)$ 0.82
Diluted$ 0.09$ 0.02$ (0.77)$ 0.76
Weighted-average common shares outstanding:    
Basic95,85893,91895,53792,894
Diluted95,858100,04195,537100,116

CRSR Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash$ 57,275$ 62,415
Restricted cash4,1762,734
Accounts receivable, net156,311291,287
Inventories249,942298,315
Prepaid expenses and other current assets47,71751,024
Total current assets515,421705,775
Restricted cash, noncurrent231231
Property and equipment, net26,71016,819
Goodwill346,302317,054
Intangible assets, net224,256225,709
Other assets70,34871,808
Total assets1,183,2681,337,396
Current liabilities:  
Debt maturing within one year4,6554,753
Accounts payable162,213236,120
Other liabilities and accrued expenses158,170205,874
Total current liabilities325,038446,747
Long-term debt239,052242,898
Deferred tax liabilities16,41325,700
Other liabilities, noncurrent47,79653,871
Total liabilities628,299769,216
Commitments and Contingencies (Note 9)
Temporary equity  
Redeemable noncontrolling interests27,977 
Corsair Gaming, Inc. stockholders’ equity:  
Preferred stock, $0.0001 par value: 5,000 shares authorized, nil and nil shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively
Common stock, $0.0001 par value: 300,000 shares authorized, 95,950 and 94,510 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively109
Additional paid-in capital504,633470,364
Retained earnings24,72098,147
Accumulated other comprehensive loss(13,163)(340)
Total Corsair Gaming, Inc. stockholders’ equity516,200568,180
Nonredeemable noncontrolling interests10,792 
Total permanent equity526,992568,180
Total liabilities, temporary equity and permanent equity$ 1,183,268$ 1,337,396