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Corsair Gaming, Inc.

Rank #166StartupWatchlistCompare with other stocks

CRSR · Nasdaq · Technology

Corsair Gaming, Inc. (CRSR) — Rank #166 by gross profitability (GP/assets 0.35) · ROE -2.4% · Piotroski F-Score 6 / 9.

As-of 2026-10-30 · 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 more

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

Company Snapshot

P/S is the primary valuation lens for pre-profit companies.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

2,355

Industry

Computer Hardware

Exchange

Nasdaq

11/12

Flags passed

CRSR passes 11/12 quality flags

1 caution to review

  • CAUTION
    Disclosure regression

    A previously-disclosed line item is no longer reported — worth checking the filing for why

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Deferred revenue growing · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.35
Return on equity
-2.4%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.83
Current ratio
1.75×
Net cash
$75.57M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
2.2%

Growth

2/2 pass
Revenue growth
11.9%
Piotroski F-Score
6 / 9
Share dilution
1.8%

Burn rate (cash flow) is the primary read at this stage — TAM and product-market fit aren't metrics this dashboard tracks.

Profitability

Does it make money well?

No warning flags · GP/assets 80th percentile of 26 SIC 35 peers

Gross profitability (GP / assets)

0.35

Primary signal (Novy-Marx).

80th pctl of 26 SIC 35 peers

Return on equity

-2.4%

Gross margin

28.9%

16th pctl of 26 SIC 35 peers

Revenue growth (YoY)

11.9%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
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%

Cash Flow Health

Is the cash real?

No warning flags · FCF 315% above net income

Free cash flow

$34.75M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

315.0%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

2.2%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $75.57M, F-Score 6/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.83

52nd pctl of 26 SIC 35 peers (best = lowest)

Current ratio

1.75×

40th pctl of 26 SIC 35 peers

Quick ratio

0.96×

Net cash

$75.57M

Cash & equivalents minus total debt.

Piotroski F-Score

6 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

3.0 / 5

Good
Share count trend
1.8%2/5 Fair
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory(deleveraging)
3.3%4/5 Strong

Lifecycle Phase History

20202025
Hypergrowth
Op. Leverage
Decline
Startup

Price History

CRSR-54.2% · -14.4% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports