Corsair Reports Strong Revenue and Profit Growth for 4Q25 and FY25

(Auszug aus der Pressemitteilung)

Corsair Gaming, Inc. (Nasdaq: CRSR) („Corsair“ or the „Company“), a leading global provider and innovator of high-performance products for gamers, streamers, content-creators, gaming PC builders, and sim racing enthusiasts, today announced financial results for the fourth quarter and full year ended December 31, 2025, as well as guidance for the first quarter and full year 2026.

The Company also announced that its Board of Directors authorized the Company to repurchase up to $50 million of its outstanding common stock. This represents Corsair’s first repurchase authorization. The repurchase program is effective immediately, does not have an expiration date and is subject to market conditions, applicable laws and regulatory guidelines.

Full Year 2025 Select Financial Highlights (compared to Full Year 2024)

• 12% increase in revenue to $1,472.5 million.
• 30% increase in gross profit to $425.9 million.
• 84% increase in adjusted EBITDA to $100.6 million, above the high end of guidance.
• Net income/(loss) per share attributable to common stockholders improved to ($0.12) / $0.62 per diluted share on a GAAP / Non-GAAP basis, compared to ($0.95) / ($0.03), respectively.

Q4 2025 Select Financial Highlights (compared to Q4 2024)

• 6% increase in revenue to $436.9 million.
• 34% increase in gross profit to $144.6 million, reflecting strong performance in our Gaming Components and Systems segment.
• 62% increase in adjusted EBITDA to $53.6 million, above the high end of guidance.
• Net income per share attributable to common stockholders improved to $0.22 / $0.43 per diluted share on a GAAP / Non-GAAP basis, compared to $0.01 / $0.23, respectively.

Definitions of the non-GAAP financial measures used in this press release and reconciliations of such measures to their nearest GAAP equivalents are included below under the heading „Use and Reconciliation of Non-GAAP Financial Measures.“

Business Segment Highlights:

Gaming Components and Systems Segment
For the full year 2025, Corsair’s Gaming Components and Systems segment revenue grew 16% year-over-year, led by growth in memory and components, with strong demand for system upgrades and new builds among performance-focused PC builders. In Q4 2025, Gaming Components and Systems segment revenue grew over 11% year-over-year led by 24% year-over-year growth in our memory business, with stable components and systems revenue. The Corsair team was able to successfully navigate a constrained global semiconductor market to secure supply for the robust global demand we saw for our memory products during the quarter, underlining our leadership position in the performance memory market.

Gamer and Creator Peripherals Segment
For the full year 2025, Corsair’s Gamer and Creator Peripherals segment revenue grew 4% year-over-year, led by growth in both sim racing and creator products. In Q4 2025, revenue decreased 3% year-over-year, driven primarily by lower demand in North America, which was offset by stronger performance internationally, particularly in the Asia-Pacific region. The Company’s Elgato brand products continue to grow led by the popular Stream Deck, which is now expanding into professional broadcast studios and other premium market segments. We were also pleased with strong early demand for the recent product launches in the Gamer and Creator Peripherals segment, which have been well received by our customers, exceeding our expectations. The Company’s Fanatec sim racing family continues to show strong growth, driven by the growing popularity of Formula 1 (F1), and supported by increased product availability, new product launches, and channel expansion.

Management Commentary:

Thi La, Chief Executive Officer of Corsair, stated, „2025 closed on a strong operational note, with Q4 revenue in line with our outlook, and adjusted non-GAAP EBITDA above the high end of our guidance, driven by exceptional execution by the team. Successful new product launches, smart inventory management, coupled with our supply chain flexibility, enabled us to navigate a memory-constrained market, shifting trade regulations and tariffs to deliver 62% growth in Q4 2025 adjusted non-GAAP EBITDA (855% growth in Q4 2025 GAAP net income), significantly outperforming our 6% year-over-year revenue growth. As we enter 2026, we remain focused on accelerating innovation in our premium categories, improving mix, and driving healthier, more consistent sell-through across channels. We have an exciting roadmap of differentiated products for 2026, designed to resonate with our community, as we plan to further expand our presence across both online and retail channels, and maintain a strong balance between growth and profitability.“

„Strategically, we are focused on improving the quality of our growth by investing in platforms that can scale across our portfolio. Stream Deck is a central component of our plan, evolving from a creator tool into a shared control layer across productivity, gaming and sim racing. The successful launch of our Galleon keyboard at CES 2026, one of the most awarded product launches in our history, demonstrates early validation of our platform-led approach. By accelerating investment in Creator and Gaming Peripherals and the Elgato Marketplace platform, we are deliberately shifting our mix toward what we expect to be higher margin, recurring revenue, and stronger long-term returns.“

Gordon Mattingly, Chief Financial Officer of Corsair, stated, „We ended the year in a strong financial position, with strategic inventory investment which we anticipate will set us up well for profit momentum in 2026. During 2025, we reduced our debt by $52.1 million and will continue to deploy our capital to maximize shareholder returns, as we focus on margin expansion, cost discipline, and tighter working capital management to improve cashflow across the business. Our Board’s authorization of Corsair’s first ever share repurchase program reflects our view that our shares represent a highly compelling investment opportunity. With this authorization, we now have additional flexibility to deploy our capital optimally – whether investing in organic growth, executing M&A, deleveraging the business, or returning capital to shareholders.“

First Quarter and Full Year 2026 Financial Outlook:

For the first quarter of 2026, we expect:

• Net revenue to be in the range of $335 million to $365 million.
• Adjusted EBITDA to be in the range of $25 million to $30 million.
• Non-GAAP EPS to be in the range of $0.18 to $0.22.

For the full year 2026, we expect:

• Net revenue to be in the range of $1.33 billion to $1.47 billion.
• Adjusted EBITDA to be in the range of $100 million to $115 million.
• Non-GAAP EPS to be in the range of $0.58 to $0.74.

For the first quarter and full year 2026, we expect revenue to be down about 5% year-over-year at the assumed midpoint of our guided ranges, with expected double-digit growth in our Gamer and Creator Peripherals segment, offset by a more cautious outlook for Gaming Components and Systems, driven by the ongoing global semiconductor shortages. Adjusted EBITDA is expected to grow year-over-year as we focus on margin expansion and operating expense management.

Stock Repurchase Program

Under our $50 million stock repurchase program, Corsair may purchase shares of its common stock through open market and privately negotiated transactions at prices deemed appropriate by management. The timing and amount of repurchase transactions under this program will depend on market conditions, share price, applicable laws, corporate and regulatory considerations, and other factors. The Company intends to conduct any open market purchases under the program in compliance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The repurchase program has no termination date and may be suspended or discontinued by the Company at any time without prior notice.