CRSR - Corsair Gaming Inc Stock Price, Fair Value and News

11.19USD0.00 (0.00%)Delayed as of 17 May 2024, 11:04 am ET

Market Summary

USD11.190.00

Delayedas of 17 May 2024, 11:04 am

0.00%

CRSR Alerts

Big fall in earnings (Y/Y)

Losses in recent quarter

CRSR Stock Price

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CRSR RSI Chart

CRSR Valuation

Market Cap

1.2B

Price/Earnings (Trailing)

-95.75

Price/Sales (Trailing)

0.81

EV/EBITDA

83.86

Price/Free Cashflow

111.73

CRSR Price/Sales (Trailing)

CRSR Profitability

Operating Margin

25.05%

EBT Margin

-0.97%

Return on Equity

-1.8%

Return on Assets

-0.97%

Free Cashflow Yield

0.89%

CRSR Fundamentals

CRSR Revenue

Revenue (TTM)

1.4B

Rev. Growth (Yr)

-4.72%

Rev. Growth (Qtr)

-19.18%

CRSR Earnings

Earnings (TTM)

-12.1M

Earnings Growth (Yr)

-474.8%

Earnings Growth (Qtr)

-265.66%

Breaking Down CRSR Revenue

52 Week Range

11.1620.72

(Low)(High)

Last 7 days

3.1%

Last 30 days

2.1%

Last 90 days

-17.4%

Trailing 12 Months

-42.6%

How does CRSR drawdown profile look like?

CRSR Financial Health

Current Ratio

1.82

Debt/Equity

0.25

Debt/Cashflow

0.12

CRSR Investor Care

Shares Dilution (1Y)

1.81%

Diluted EPS (TTM)

-0.08

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	1.4B	0	0	0
2023	1.3B	1.4B	1.4B	1.5B
2022	1.8B	1.6B	1.5B	1.4B
2021	1.9B	2.0B	1.9B	1.9B
2020	1.2B	1.3B	1.5B	1.7B
2019	977.5M	1.0B	1.1B	1.1B
2018	0	0	0	937.6M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Corsair Gaming Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 16, 2024	paul andrew j.	acquired	-	-	80,000	chief executive officer
Feb 16, 2024	szteinbaum samuel r.	acquired	138,000	5.52	25,000	-
Feb 16, 2024	potter michael g	acquired	-	-	28,000	chief financial officer
Feb 16, 2024	la thi l	acquired	-	-	60,000	president & coo
Feb 15, 2024	la thi l	sold (taxes)	-50,231	13.93	-3,606	president & coo
Feb 15, 2024	potter michael g	sold (taxes)	-38,056	13.93	-2,732	chief financial officer
Jan 08, 2024	la thi l	sold	-53,718	14.00	-3,837	president & coo
Jan 02, 2024	potter michael g	sold (taxes)	-17,175	13.84	-1,241	chief financial officer
Jan 02, 2024	paul andrew j.	sold (taxes)	-63,774	13.84	-4,608	chief executive officer
Jan 02, 2024	la thi l	sold (taxes)	-25,770	13.84	-1,862	president & coo

Which funds bought or sold CRSR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	UBS ASSET MANAGEMENT AMERICAS LLC	unchanged	-	-77,280	541,837	-%
May 15, 2024	Walleye Capital LLC	reduced	-32.46	-26,092	37,711	-%
May 15, 2024	CITADEL ADVISORS LLC	added	472	107,577	134,395	-%
May 15, 2024	Point72 Asia (Singapore) Pte. Ltd.	new	-	32,615	32,615	0.01%
May 15, 2024	JANUS HENDERSON GROUP PLC	added	0.01	-38,255	263,436	-%
May 15, 2024	Squarepoint Ops LLC	sold off	-100	-419,954	-	-%
May 15, 2024	Quarry LP	added	123	13,572	27,827	-%
May 15, 2024	Engineers Gate Manager LP	added	21.72	33,197	541,911	0.01%
May 15, 2024	BARCLAYS PLC	added	127	833,000	1,677,000	-%
May 15, 2024	Federation des caisses Desjardins du Quebec	new	-	864	864	-%

Are Funds Buying or Selling CRSR?

Are funds buying CRSR calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CRSR

No. of Funds

Unveiling Corsair Gaming Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.26%	5,420,690	SC 13G
Jan 29, 2024	blackrock inc.	6.4%	6,588,191	SC 13G/A
Feb 03, 2023	blackrock inc.	6.0%	6,069,401	SC 13G
Nov 23, 2022	corsair group (cayman), lp	56.0%	56,300,771	SC 13D
Apr 28, 2022	corsair group (cayman), lp	57.3%	54,179,559	SC 13G/A
Jun 07, 2021	corsair group (cayman), lp	61.7%	56,900,059	SC 13G/A
Feb 11, 2021	corsair group (cayman), lp	67.3%	61,900,059	SC 13G

Recent SEC filings of Corsair Gaming Inc

View All Filings

Date Filed	Form Type	Document
May 07, 2024	S-8	Employee Benefits Plan
May 07, 2024	8-K	Current Report
May 07, 2024	10-Q	Quarterly Report
Apr 23, 2024	DEFA14A	DEFA14A
Apr 23, 2024	DEF 14A	DEF 14A
Feb 27, 2024	10-K	Annual Report
Feb 21, 2024	4	Insider Trading
Feb 21, 2024	4	Insider Trading
Feb 21, 2024	4	Insider Trading
Feb 21, 2024	4	Insider Trading

Peers (Alternatives to Corsair Gaming Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSCO	195.7B	57.2B	0.86%	1.47%	14.56	3.42	7.66%	18.93%
ANET	100.3B	6.1B	21.87%	135.75%	43.85	16.5	25.22%	50.89%
HPQ	30.4B	53.1B	11.80%	2.64%	8.91	0.57	-11.04%	34.01%
HPE	23.2B	29.1B	4.32%	24.95%	11.48	0.8	2.24%	133.29%
LOGI	13.7B	4.3B	11.98%	40.47%	22.37	3.19	-5.30%	67.91%
JNPR	11.3B	5.3B	-4.78%	20.74%	50.33	2.11	-2.96%	-55.26%
MID-CAP
UI	8.6B	1.9B	32.84%	-16.86%	24.55	4.49	1.03%	-11.76%
BDC	3.8B	2.4B	10.65%	9.71%	21.17	1.58	-8.79%	-36.23%
LITE	3.2B	1.4B	8.15%	1.61%	-8.93	2.23	-21.81%	-865.12%
SMALL-CAP
EXTR	1.6B	1.2B	7.46%	-32.66%	-245.78	1.27	-0.19%	-110.91%
AAOI	436.9M	205.3M	-6.51%	544.25%	-6.94	2.13	-8.19%	5.55%
ADTN	424.9M	1.1B	16.20%	-38.16%	-0.77	0.4	-12.01%	-1246.95%
ALOT	136.4M	148.1M	5.19%	15.47%	29.07	0.92	3.90%	76.40%
AIRG	57.8M	53.8M	-1.46%	-1.28%	-4.8	1.07	-28.06%	-33.67%
AKTS	39.5M	29.9M	-20.00%	-87.30%	-0.51	1.32	39.86%	-24.01%

Corsair Gaming Inc News

Latest updates

Corsair Gaming Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-19.2%	337	417	363	325	354	399	312	284	381	511	391	473	529	556	457	380	309	327	284	241	245
Cost Of Revenue	-20.3%	251	315	274	243	269	301	240	247	290	389	290	343	369	403	329	275	230	-	224	-	-
Gross Profit	-15.6%	87.00	103	89.00	83.00	85.00	98.00	72.00	36.00	91.00	122	101	130	160	154	128	105	79.00	70.00	60.00	46.00	48.00
Operating Expenses	7.0%	97.00	91.00	90.00	86.00	84.00	84.00	83.00	91.00	93.00	97.00	91.00	96.00	93.00	95.00	78.00	69.00	65.00	-	49.00	-	-
S&GA Expenses	8.6%	80.00	74.00	74.00	70.00	68.00	68.00	67.00	73.00	76.00	82.00	76.00	80.00	78.00	81.00	65.00	57.00	54.00	1.00	40.00	-	-
R&D Expenses	-0.5%	17.00	17.00	16.00	16.00	17.00	16.00	16.00	18.00	17.00	15.00	14.00	15.00	15.00	14.00	13.00	12.00	12.00	-	9.00	-	-
EBITDA Margin	-43.1%	0.01*	0.02*	0.02*	0.01*	-0.03*	-0.03*	-0.02*	-0.01*	0.04*	0.07*	0.09*	0.11*	-	-	-	-	-	-	-	-	-
Interest Expenses	-11.8%	4.00	4.00	4.00	4.00	4.00	4.00	3.00	1.00	1.00	1.00	2.00	4.00	4.00	5.00	10.00	7.00	10.00	-	9.00	-	-
Income Taxes	-405.9%	-1.78	1.00	-0.10	-2.29	-0.64	1.00	-6.11	-4.16	-0.98	-2.25	0.00	2.00	13.00	9.00	3.00	4.00	3.00	-	-0.07	-	-
Earnings Before Taxes	-257.0%	-12.81	8.00	-2.98	-6.37	-2.29	9.00	-12.06	-56.00	-4.26	22.00	2.00	30.00	60.00	52.00	40.00	27.00	4.00	-	1.00	-	-
EBT Margin	-307.0%	-0.01*	0.00*	0.00*	-0.01*	-0.05*	-0.05*	-0.03*	-0.02*	0.03*	0.06*	0.07*	0.09*	-	-	-	-	-	-	-	-	-
Net Income	-265.7%	-11.56	7.00	-3.08	-4.48	-2.01	7.00	-6.21	-52.01	-2.87	25.00	2.00	28.00	47.00	43.00	36.00	23.00	1.00	6.00	2.00	-7.43	-8.49
Net Income Margin	-374.3%	-0.01*	0.00*	0.00*	0.00*	-0.04*	-0.04*	-0.02*	-0.02*	0.03*	0.05*	0.06*	0.08*	-	-	-	-	-	-	-	-	-
Free Cashflow	-152.3%	-28.84	55.00	-15.24	-0.63	37.00	15.00	27.00	9.00	-10.47	-8.17	-37.12	29.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																			(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Assets	-7.4%	1,257	1,357	1,338	1,319	1,297	1,297	1,183	1,232	1,319	1,337	1,342	1,378	1,333	1,314	1,256	1,190	1,125	1,060	811
Current Assets	-12.7%	621	712	679	662	633	623	515	555	627	706	708	732	712	691	628	-	-	430	316
Cash Equivalents	-27.1%	130	179	148	184	182	154	62.00	39.00	32.00	65.00	76.00	139	126	134	120	111	50.00	52.00	28.00
Inventory	4.8%	252	240	236	213	188	193	250	293	300	298	332	273	235	226	210	-	-	151	149
Net PPE	-3.2%	31.00	32.00	33.00	34.00	34.00	35.00	27.00	23.00	20.00	17.00	16.00	16.00	15.00	16.00	15.00	-	-	15.00	12.00
Goodwill	-0.1%	354	355	355	6.00	348	348	346	348	348	317	314	314	314	313	312	-	-	313	227
Liabilities	-14.4%	568	663	663	645	633	642	628	670	708	769	805	849	846	877	867	859	851	843	648
Current Liabilities	-18.3%	342	418	395	366	349	343	325	357	385	447	476	494	499	505	444	-	-	300	219
Long Term Debt	-8.0%	171	186	211	217	220	232	239	240	242	243	244	270	294	321	370	-	-	503	394
LT Debt, Non Current	-100.0%	-	186	211	217	220	232	239	240	242	243	244	270	294	321	370	-	-	503	394
Shareholder's Equity	0.9%	673	668	650	659	644	624	527	536	592	568	537	530	488	437	389	241	215	217	163
Retained Earnings	-31.0%	28.00	40.00	34.00	37.00	36.00	37.00	25.00	34.00	93.00	98.00	73.00	72.00	44.00	-2.81	-45.86	-	-	-106	-93.16
Additional Paid-In Capital	1.5%	640	631	622	615	602	593	505	499	490	470	464	456	442	439	437	-	-	325	258
Shares Outstanding	1.8%	103	101	101	101	101	101	96.00	95.00	95.00	93.00	93.00	92.00	-	-	-	-	-	-	-
Minority Interest	-6.5%	10.00	10.00	10.00	11.00	10.00	10.00	11.00	11.00	12.00	12.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	768	-	-	-	507	-	-	-	1,204	-	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																				(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2018Q4
Cashflow From Operations	-146.1%	-26,317	57,093	-11,912	2,146	41,826	21,247	35,091	16,157	-6,106	-4,869	-34,336	31,629	27,768	68,629	24,716	73,608	2,000	-	-	-
Share Based Compensation	0.8%	7,691	7,628	7,825	8,174	7,246	5,281	5,643	6,087	5,147	3,579	5,812	4,768	3,076	1,510	1,631	1,550	1,105	-	-	-
Cashflow From Investing	25.2%	-1,479	-1,977	-17,547	-2,780	-4,677	-6,555	-7,929	-8,651	-23,899	-6,502	-3,108	-2,858	-8,073	-4,372	-2,902	-1,159	-1,847	-	-	-
Cashflow From Financing	17.5%	-19,949	-24,182	-6,100	2,781	-9,886	76,536	-3,250	1,229	-1,906	1,779	-23,642	-15,726	-27,815	-52,760	-13,247	-11,815	-1,309	-	-	-

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CRSR Income Statement

2024-03-31

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net revenue	$ 337,257	$ 353,964
Cost of revenue	250,618	268,560
Gross profit	86,639	85,404
Operating expenses:
Sales, general and administrative	80,217	67,529
Product development	16,641	16,838
Total operating expenses	96,858	84,367
Operating income (loss)	(10,219)	1,037
Other (expense) income:
Interest expense	(3,691)	(4,302)
Interest income	1,565	1,474
Other expense, net	(461)	(496)
Total other expense, net	(2,587)	(3,324)
Loss before income taxes	(12,806)	(2,287)
Income tax benefit	1,777	639
Net loss	(11,029)	(1,648)
Less: Net income attributable to noncontrolling interest	536	364
Net loss attributable to Corsair Gaming, Inc.	(11,565)	(2,012)
Calculation of net loss per share attributable to common stockholders of Corsair Gaming, Inc.:
Net loss attributable to Corsair Gaming, Inc.	(11,565)	(2,012)
Change in redemption value of redeemable noncontrolling interest	(975)	958
Net loss attributable to common stockholders of Corsair Gaming, Inc.	$ (12,540)	$ (1,054)
Net loss per share attributable to common stockholders of Corsair Gaming, Inc.:
Basic	$ (0.12)	$ (0.01)
Diluted	$ (0.12)	$ (0.01)
Weighted-average common shares outstanding:
Basic	103,563	101,685
Diluted	103,563	101,685

CRSR Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash	$ 127,768	$ 175,620
Restricted cash	2,174	2,705
Accounts receivable, net	204,920	253,268
Inventories	251,747	240,172
Prepaid expenses and other current assets	34,573	39,824
Total current assets	621,182	711,589
Restricted cash, noncurrent	241	239
Property and equipment, net	31,185	32,212
Goodwill	354,410	354,705
Intangible assets, net	178,151	188,009
Other assets	72,022	70,709
Total assets	1,257,191	1,357,463
Current liabilities:
Debt maturing within one year, net	12,213	12,190
Accounts payable	191,401	239,957
Other liabilities and accrued expenses	138,487	166,340
Total current liabilities	342,101	418,487
Long-term debt, net	171,106	186,006
Deferred tax liabilities	14,104	17,395
Other liabilities, noncurrent	40,629	41,595
Total liabilities	567,940	663,483
Commitments and Contingencies (Note 9)
Temporary equity
Redeemable noncontrolling interest	15,925	15,937
Corsair Gaming, Inc. stockholders’ equity:
Preferred stock, $0.0001 par value: 5,000 shares authorized, nil and nil shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively
Common stock, $0.0001 par value: 300,000 shares authorized, 103,859 and 103,255 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	10	10
Additional paid-in capital	640,293	630,642
Retained earnings	27,870	40,410
Accumulated other comprehensive loss	(4,634)	(3,487)
Total Corsair Gaming, Inc. stockholders’ equity	663,539	667,575
Nonredeemable noncontrolling interest	9,787	10,468
Total permanent equity	673,326	678,043
Total liabilities, temporary equity and permanent equity	$ 1,257,191	$ 1,357,463

About Corsair Gaming Inc

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. It 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. The company 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, it offers coaching and training, and other services. The company sells its products through a network of distributors and retailers, including online retailers, as well as directly to consumers through its website. Corsair Gaming, Inc. was incorporated in 1994 and is headquartered in Milpitas, California. Corsair Gaming, Inc. is a subsidiary of Corsair Group (Cayman), LP.

CEO	Mr. Andrew J. Paul
WEBSITE	corsair.com
INDUSTRY	Computer Hardware
EMPLOYEES	2480

Corsair Gaming Inc Frequently Asked Questions

What is the ticker symbol for Corsair Gaming Inc? What does CRSR stand for in stocks?

CRSR is the stock ticker symbol of Corsair Gaming Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Corsair Gaming Inc (CRSR)?

As of Thu May 16 2024, market cap of Corsair Gaming Inc is 1.16 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CRSR stock?

You can check CRSR's fair value in chart for subscribers.

What is the fair value of CRSR stock?

You can check CRSR's fair value in chart for subscribers. The fair value of Corsair Gaming Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Corsair Gaming Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CRSR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Corsair Gaming Inc a good stock to buy?

The fair value guage provides a quick view whether CRSR is over valued or under valued. Whether Corsair Gaming Inc is cheap or expensive depends on the assumptions which impact Corsair Gaming Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CRSR.

What is Corsair Gaming Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 16 2024, CRSR's PE ratio (Price to Earnings) is -95.75 and Price to Sales (PS) ratio is 0.81. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CRSR PE ratio will change depending on the future growth rate expectations of investors.