CRSR Stock Analysis: Corsair Gaming | NASDAQ
Computer Hardware | NASDAQ, USA | Market Cap: 951m USD | 12M Return: -4.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 20.9M
Qual. Beats: 0
Rev. Trend: 14.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Corsair Gaming (NASDAQ: CRSR) designs and sells gaming and streaming peripherals, components, and systems across global markets including North America, Europe, the Middle East, North Africa, Latin America, and Asia Pacific. The company operates through two segments: Gamer and Creator Peripherals (keyboards, mice, headsets, controllers, and Elgato streaming gear such as Stream Decks, microphones, and capture/webcam products) and Gaming Components and Systems (power supply units, cooling solutions, cases, DRAM modules, and pre-built and custom gaming PCs, laptops, and AI workstations). It is a small-cap (~$901M USD) Information Technology company classified within the Technology Hardware, Storage & Peripherals sub-industry, a sector where brand recognition, component innovation, and PC hardware refresh cycles shape competitive positioning.
The company distributes through e-retail, retail, direct-to-consumer, and third-party distributor channels, serving both PC gaming enthusiasts and content creators. In addition to hardware, Corsair offers the iCUE software platform and the Elgato streaming suite, building a software-anchored ecosystem that supports device customization and cross-product integration across its portfolio.
Corsair was founded in 1994 and is headquartered in Milpitas, California. Originally incorporated as Corsair Components (Cayman) Ltd, the company adopted its current name in 2018 and completed its initial public offering in September 2020.
- DRAM pricing volatility pressures Gaming Components segment margins
- Elgato creator peripherals and AI workstation demand drive growth diversification
- Consumer gaming spending weakness pressures peripherals revenue and inventory destocking extends
| Net Income: 5.43m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.85 > 1.0 |
| NWC/Revenue: 17.52% < 20% (prev 16.03%; Δ 1.49% < -1%) |
| CFO/TA 0.05 > 3% & CFO 61.1m > Net Income 5.43m |
| Net Debt (69.7m) to EBITDA (71.6m): 0.97 < 3 |
| Current Ratio: 1.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (107.8m) vs 12m ago 2.41% < -2% |
| Gross Margin: 30.16% > 18% (prev 25.45%; Δ 4.71% > 0.5%) |
| Asset Turnover: 120.6% > 50% (prev 108.8%; Δ 11.77% > 0%) |
| Interest Coverage Ratio: 2.05 > 6 (EBIT TTM 17.2m / Interest Expense TTM 8.37m) |
| A: 0.22 (Total Current Assets 599.4m - Total Current Liabilities 344.1m) / Total Assets 1.18b |
| B: -0.05 (Retained Earnings -59.4m / Total Assets 1.18b) |
| C: 0.01 (EBIT TTM 17.2m / Avg Total Assets 1.21b) |
| D: 1.25 (Book Value of Equity 647.6m / Total Liabilities 516.5m) |
| Altman-Z'' = 2.67 = A |
| DSRI: 0.75 (Receivables 178.4m/219.2m, Revenue 1.46b/1.35b) |
| GMI: 0.84 (GM 25.45% / 30.16%) |
| AQI: 0.99 (AQ_t 0.42 / AQ_t-1 0.42) |
| SGI: 1.08 (Revenue 1.46b / 1.35b) |
| TATA: -0.05 (NI 5.43m - CFO 61.1m) / TA 1.18b) |
| Beneish M = -3.32 (Cap -4..+1) = AA |
As of July 06, 2026, the stock is trading at USD 8.90 with a total of 1,224,700 shares traded. Over the past week, the price has changed by +1.14%, over one month by -1.22%, over three months by +57.52% and over the past year by -4.51%.
Current recommended Stop Loss: 7.60 (which is 14.6% or 2 ATR below the current price).
Corsair Gaming has received a consensus analysts rating of 3.83. Therefore, it is recommended to buy CRSR.
- StrongBuy: 2
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 8.8 | -1% |
P/E Trailing = 98.8889
P/E Forward = 20.4499
P/S = 0.6528
P/B = 1.4688
Revenue TTM = 1.46b USD
EBIT TTM = 17.2m USD
EBITDA TTM = 71.6m USD
Long Term Debt = 113.7m USD (from longTermDebt, last quarter)
Short Term Debt = 6.12m USD (from shortTermDebt, last quarter)
Debt = 187.9m USD (corrected: LT Debt 113.7m + ST Debt 6.12m) + Leases 68.0m
Net Debt = 69.7m USD (calculated: Debt 187.9m - CCE 118.2m)
Enterprise Value = 1.02b USD (951.3m + Debt 187.9m - CCE 118.2m)
Interest Coverage Ratio = 2.05 (Ebit TTM 17.2m / Interest Expense TTM 8.37m)
EV/FCF = 22.62x (Enterprise Value 1.02b / FCF TTM 45.1m)
FCF Yield = 4.42% (FCF TTM 45.1m / Enterprise Value 1.02b)
FCF Margin = 3.10% (FCF TTM 45.1m / Revenue TTM 1.46b)
Net Margin = 0.37% (Net Income TTM 5.43m / Revenue TTM 1.46b)
Gross Margin = 30.16% ((Revenue TTM 1.46b - Cost of Revenue TTM 1.02b) / Revenue TTM)
Gross Margin QoQ = 32.73% (prev 33.09%)
Tobins Q-Ratio = 0.87 (Enterprise Value 1.02b / Total Assets 1.18b)
Interest Expense / Debt = 4.45% (Interest Expense 8.37m / Debt 187.9m)
Taxrate = 6.64% (598k / 9.01m)
NOPAT = 16.0m (EBIT 17.2m * (1 - 6.64%))
Current Ratio = 1.74 (Total Current Assets 599.4m / Total Current Liabilities 344.1m)
Debt / Equity = 0.29 (Debt 187.9m / totalStockholderEquity, last quarter 647.6m)
Debt / EBITDA = 0.97 (Net Debt 69.7m / EBITDA 71.6m)
Debt / FCF = 1.54 (Net Debt 69.7m / FCF TTM 45.1m)
Total Stockholder Equity = 621.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.45% (Net Income 5.43m / Total Assets 1.18b)
RoE = 0.87% (Net Income TTM 5.43m / Total Stockholder Equity 621.3m)
RoCE = 2.34% (EBIT 17.2m / Capital Employed (Equity 621.3m + L.T.Debt 113.7m))
RoIC = 2.09% (NOPAT 16.0m / Invested Capital 766.5m)
WACC = 14.66% (E(951.3m)/V(1.14b) * Re(16.73%) + D(187.9m)/V(1.14b) * Rd(4.45%) * (1-Tc(0.07)))
Discount Rate = 16.73% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 60.0 | Cagr: 0.65%
[DCF] Terminal Value 53.41% ; FCFF base≈55.3m ; Y1≈48.5m ; Y5≈39.1m
[DCF] Fair Price = 2.27 (EV 311.9m - Net Debt 69.7m = Equity 242.2m / Shares 106.9m; r=14.66% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.55 | # QB: 0
Revenue Correlation: 14.76 | Revenue CAGR: 0.66% | SUE: 0.12 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.07 | Chg30d=+0.00% | Revisions=-50% | Analysts=8
EPS next Quarter (2026-09-30): EPS=0.11 | Chg30d=+0.00% | Revisions=-50% | Analysts=8
EPS current Year (2026-12-31): EPS=0.71 | Chg30d=+0.00% | Revisions=+18% | GrowthEPS=+15.0% | GrowthRev=-3.2%
EPS next Year (2027-12-31): EPS=0.77 | Chg30d=+0.00% | Revisions=+10% | GrowthEPS=+7.6% | GrowthRev=+6.2%
[Analyst] Revisions Ratio: -18% (up=10, down=15)