Corsair Gaming, Inc.
Rank #173StartupCRSR · Nasdaq · Technology
Corsair Gaming, Inc. (CRSR) — Rank #173 by gross profitability (GP/assets 0.35) · ROE -2.4% · Piotroski F-Score 6 / 9.
As-of 2026-09-15 · CIK 0001743759 · all metrics point-in-time as of the filing date.
About
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.
Show moreShow less
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.
- Industry
- Computer Hardware
- Sector
- Technology
- State
- DE
- Filer Category
- Accelerated filer
- Fiscal Year End
- December 31
- Website
- corsair.com
Price History
Company Snapshot
P/S is the primary valuation lens for pre-profit companies.
Market Cap
$1.44B
P/E (annual)
—
P/S (annual)
1.0
P/B
2.2
P/OCF (annual)
28.8
Shareholder Yield
-1.8%
Employees
2,355
Industry
Computer Hardware
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 0/5 Terry Smith thresholds2 of 5 thresholds not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
17.4%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 1.8% — per-share value needs a total required return of 19.1% once share-count change is priced in.
vs. own 6-year median revenue growth: 9.0%
priced above its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
12.5%
r = 10% (base)
17.4%
r = 12%
21.6%
Net debt / market cap: -5.3%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Disclosure regression check
A previously-disclosed line item is no longer reported. Worth checking the filing for why.
Burn rate (cash flow) is the primary read at this stage — TAM and product-market fit aren't metrics this dashboard tracks.
Profitability
Gross profitability (GP / assets)
0.35
Primary signal (Novy-Marx).
77th pctl of 36 SIC 35 peers
Return on equity
-2.4%
Gross margin
28.9%
14th pctl of 36 SIC 35 peers
Revenue growth (YoY)
11.9%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
2.3%
Revenue CAGR (5Y)
-2.9%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
-4.6%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.83
51st pctl of 36 SIC 35 peers (best = lowest)
Current ratio
1.75×
34th pctl of 36 SIC 35 peers
Quick ratio
0.96×
Net cash
$75.57M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$34.75M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
3.15
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
2.2%
Stock-based comp intensity.
Piotroski F-Score
F-Score
6 / 9
Fundamental-strength score (0-9).
Lifecycle Phase History
Lynch sell alert: Turnaround stalled
Classified startup for 2 consecutive fiscal years (2024-12-31, 2025-12-31) with no recovery to a healthier phase -- Lynch's turnaround rule: if it hasn't turned around by now, assume it isn't going to.