CRSR Stock Analysis: Corsair Gaming | NASDAQ
Computer Hardware | NASDAQ, USA | Market Cap: 1.398m USD | 12M Return: 43.7% | US22041X1028 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 21.7M
Qual. Beats: 1
Rev. Trend: 20.6%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 5.9 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: 35.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -2.36 > 1.0 |
| NWC/Revenue: 19.13% < 20% (prev 13.57%; Δ 5.56% < -1%) |
| CFO/TA 0.09 > 3% & CFO 105.7m > Net Income 35.1m |
| Net Debt (-8.73m) to EBITDA (91.0m): -0.10 < 3 |
| Current Ratio: 1.75 > 1.5 & < 3 |
| Outstanding Shares: last quarter (109.2m) vs 12m ago 3.14% < -2% |
| Gross Margin: 31.55% > 18% (prev 26.01%; Δ 5.54% > 0.5%) |
| Asset Turnover: 119.1% > 50% (prev 115.2%; Δ 3.86% > 0%) |
| Interest Coverage Ratio: 6.10 > 6 (EBIT TTM 46.2m / Interest Expense TTM 7.56m) |
| A: 0.23 (Total Current Assets 646.8m - Total Current Liabilities 369.1m) / Total Assets 1.22b |
| B: -0.04 (Retained Earnings -52.5m / Total Assets 1.22b) |
| C: 0.04 (EBIT TTM 46.2m / Avg Total Assets 1.22b) |
| D: 1.21 (Book Value of Equity 664.9m / Total Liabilities 551.4m) |
| Altman-Z'' = 2.88 = A |
| DSRI: 0.86 (Receivables 159.8m/179.2m, Revenue 1.45b/1.41b) |
| GMI: 0.82 (GM 26.01% / 31.55%) |
| AQI: 0.93 (AQ_t 0.40 / AQ_t-1 0.43) |
| SGI: 1.03 (Revenue 1.45b / 1.41b) |
| TATA: -0.06 (NI 35.1m - CFO 105.7m) / TA 1.22b) |
| Beneish M = -3.32 (Cap -4..+1) = AA |
As of August 18, 2026, the stock is trading at USD 12.24 with a total of 2,116,845 shares traded. Over the past week, the price has changed by -10.72%, over one month by +25.54%, over three months by +77.91% and over the past year by +43.66%.
Current recommended Stop Loss: 11.10 (which is 9.3% or 1.3 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 | 12.8 | 4.4% |
P/E Trailing = 41.6774
P/E Forward = 18.5185
P/S = 0.9629
P/B = 2.2307
Revenue TTM = 1.45b USD
EBIT TTM = 46.2m USD
EBITDA TTM = 91.0m USD
Long Term Debt = 112.2m USD (from longTermDebt, last quarter)
Short Term Debt = 6.12m USD (from shortTermDebt, last quarter)
Debt = 184.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 66.6m
Net Debt = -8.73m USD (calculated: Debt 184.9m - CCE 193.6m)
Enterprise Value = 1.39b USD (1.40b + Debt 184.9m - CCE 193.6m)
Interest Coverage Ratio = 6.10 (Ebit TTM 46.2m / Interest Expense TTM 7.56m)
EV/FCF = 15.48x (Enterprise Value 1.39b / FCF TTM 89.7m)
FCF Yield = 6.46% (FCF TTM 89.7m / Enterprise Value 1.39b)
FCF Margin = 6.18% (FCF TTM 89.7m / Revenue TTM 1.45b)
Net Margin = 2.42% (Net Income TTM 35.1m / Revenue TTM 1.45b)
Gross Margin = 31.55% ((Revenue TTM 1.45b - Cost of Revenue TTM 993.5m) / Revenue TTM)
Gross Margin QoQ = 33.18% (prev 32.73%)
Tobins Q-Ratio = 1.14 (Enterprise Value 1.39b / Total Assets 1.22b)
Interest Expense / Debt = 4.09% (Interest Expense 7.56m / Debt 184.9m)
Taxrate = 2.41% (937k / 38.8m)
NOPAT = 45.1m (EBIT 46.2m * (1 - 2.41%))
Current Ratio = 1.75 (Total Current Assets 646.8m / Total Current Liabilities 369.1m)
Debt / Equity = 0.28 (Debt 184.9m / totalStockholderEquity, last quarter 664.9m)
Debt / EBITDA = -0.10 (Net Debt -8.73m / EBITDA 91.0m)
Debt / FCF = -0.10 (Net Debt -8.73m / FCF TTM 89.7m)
Total Stockholder Equity = 636.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.88% (Net Income 35.1m / Total Assets 1.22b)
RoE = 5.52% (Net Income TTM 35.1m / Total Stockholder Equity 636.6m)
RoCE = 6.17% (EBIT 46.2m / Capital Employed (Equity 636.6m + L.T.Debt 112.2m))
RoIC = 5.77% (NOPAT 45.1m / Invested Capital 780.7m)
WACC = 14.41% (E(1.40b)/V(1.58b) * Re(15.79%) + D(184.9m)/V(1.58b) * Rd(4.09%) * (1-Tc(0.02)))
Discount Rate = 15.79% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 96.63 | Cagr: 2.38%
[DCF] Terminal Value 54.04% ; FCFF base≈101.4m ; Y1≈88.9m ; Y5≈71.9m
[DCF] Fair Price = 5.48 (EV 583.7m - Net Debt -8.73m = Equity 592.4m / Shares 108.2m; r=14.41% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.26 | # QB: 1
Revenue Correlation: 20.62 | Revenue CAGR: 0.94% | SUE: 0.24 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.12 | Chg30d=+6.61% | Revisions=+25% | Analysts=8
EPS current Year (2026-12-31): EPS=0.89 | Chg30d=+25.01% | Revisions=+25% | GrowthEPS=+43.7% | GrowthRev=-2.1%
EPS next Year (2027-12-31): EPS=0.83 | Chg30d=+8.61% | Revisions=+25% | GrowthEPS=-6.5% | GrowthRev=+6.0%
[Analyst] Revisions Ratio: +50% (up=3, down=0)