Corsair Gaming Inc - Understand $crsr stock

$CRSR Market Cap: $653.5 Million

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Financial Snapshot

Revenue

$1.379B

TTM

Gross Margin

24.76%

TTM

Net Earnings

-$32.62M

TTM

Current Assets

$579.6M

Q2 2024

Current Liabilities

$322.7M

Q2 2024

Current Ratio

179.6%

Q2 2024

Total Assets

$1.234B

Q2 2024

Total Liabilities

$559.8M

Q2 2024

Book Value

$674.4M

Q2 2024

Cash

$94.59M

Q2 2024

P/E

-20.04

Sep 13, 2024 EST

Free Cash Flow

-$10.02M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018
Revenue	$1.460B	$1.375B	$1.904B	$1.702B	$1.097B	$937.6M
YoY Change	6.17%	-27.78%	11.85%	55.16%	17.03%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018
Revenue	$1.460B	$1.375B	$1.904B	$1.702B	$1.097B	$937.6M
Cost Of Revenue	$1.100B	$1.078B	$1.390B	$1.237B	$872.9M	$744.9M
Gross Profit	$360.3M	$296.6M	$513.9M	$465.4M	$224.3M	$192.7M
Gross Profit Margin	24.68%	21.57%	26.99%	27.34%	20.44%	20.55%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018
Selling, General & Admin	$285.3M	$284.9M	$291.1M	$257.0M	$163.0M	$138.9M
YoY Change	0.13%	-2.11%	13.25%	57.64%	17.36%
% of Gross Profit	79.2%	96.06%	56.64%	55.22%	72.69%	72.09%
Research & Development	$65.26M	$66.49M	$54.97M	$50.06M	$37.55M	$31.99M
YoY Change	-1.85%	20.97%	9.79%	33.34%	17.37%
% of Gross Profit	18.11%	22.42%	10.7%	10.76%	16.74%	16.6%
Depreciation & Amortization	$50.70M	$10.73M	$45.09M	$9.318M	$7.384M	$5.670M
YoY Change	372.58%	-76.21%	383.95%	26.19%	30.23%
% of Gross Profit	14.07%	3.62%	8.78%	2.0%	3.29%	2.94%
Operating Expenses	$350.6M	$351.4M	$376.0M	$307.1M	$200.6M	$170.9M
YoY Change	-0.24%	-6.53%	22.44%	53.09%	17.36%
Operating Profit	$9.689M	-$54.79M	$137.9M	$158.4M	$23.71M	$21.79M
YoY Change	-117.68%	-139.74%	-12.92%	567.99%	8.8%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018
Interest Expense	-$10.58M	-$9.186M	-$12.77M	-$35.10M	-$35.50M	-$32.70M
YoY Change	15.19%	-28.06%	-63.62%	-1.13%	8.56%
% of Operating Profit	-109.21%		-9.26%	-22.16%	-149.74%	-150.07%
Other Income/Expense, Net	-$2.587M	$213.0K	-$5.661M	-$1.200M	-$1.600M	$200.0K
YoY Change	-1314.55%	-103.76%	371.75%	-25.0%	-900.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018
Pretax Income	-$3.479M	-$63.77M	$114.6M	$122.0M	-$13.40M	-$15.89M
YoY Change	-94.54%	-155.66%	-6.13%	-1010.83%	-15.66%
Income Tax	-$2.442M	-$9.820M	$13.60M	$18.83M	-$5.005M	$3.013M
% Of Pretax Income			11.87%	15.43%
Net Earnings	$3.187M	-$54.39M	$101.0M	$103.2M	-$8.394M	-$13.72M
YoY Change	-105.86%	-153.87%	-2.19%	-1329.65%	-38.82%
Net Earnings / Revenue	0.22%	-3.96%	5.3%	6.06%	-0.77%	-1.46%
Basic Earnings Per Share	$0.03	-$0.63	$1.08	$1.20	$0.11	$0.18
Diluted Earnings Per Share	$0.03	-$0.63	$1.01	$1.14	$0.11	$0.18

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018
Cash & Short-Term Investments	$178.3M	$151.2M	$62.42M	$129.5M	$48.20M	$25.60M
YoY Change	17.96%	142.22%	-51.8%	168.67%	88.28%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$39.82M	$43.24M	$53.76M	$41.80M	$28.30M	$19.60M
YoY Change	-7.9%	-19.57%	28.61%	47.7%	44.39%
Inventory	$240.2M	$192.7M	$298.3M	$226.0M	$151.1M	$149.0M
Prepaid Expenses
Receivables	$253.3M	$235.7M	$291.3M	$293.6M	$202.3M	$122.0M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$711.6M	$622.8M	$705.8M	$691.0M	$429.8M	$316.3M
YoY Change	14.26%	-11.76%	2.14%	60.77%	35.88%
Property, Plant & Equipment	$32.21M	$80.10M	$68.21M	$16.50M	$15.40M	$12.50M
YoY Change	-59.79%	17.44%	313.37%	7.14%	23.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$70.95M	$30.35M	$20.65M	$34.60M	$10.80M	$7.700M
YoY Change	133.78%	46.95%	-40.31%	220.37%	40.26%
Total Long-Term Assets	$645.9M	$674.5M	$631.6M	$623.1M	$629.9M	$494.7M
YoY Change	-4.24%	6.78%	1.37%	-1.08%	27.33%
Total Assets	$1.357B	$1.297B	$1.337B	$1.314B	$1.060B	$811.0M
YoY Change
Accounts Payable	$240.0M	$172.0M	$236.1M	$299.6M	$182.0M	$154.8M
YoY Change	39.48%	-27.14%	-21.19%	64.62%	17.57%
Accrued Expenses	$119.2M	$119.9M	$152.2M	$121.2M
YoY Change	-0.53%	-21.23%	25.56%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$27.00M
YoY Change					-100.0%
Long-Term Debt Due	$12.19M	$6.495M	$4.753M	$0.00	$2.400M	$1.600M
YoY Change	87.68%	36.65%		-100.0%	50.0%
Total Short-Term Liabilities	$418.5M	$343.0M	$446.7M	$505.4M	$299.9M	$219.1M
YoY Change	22.01%	-23.22%	-11.61%	68.52%	36.88%
Long-Term Debt	$186.0M	$232.2M	$242.9M	$321.4M	$503.4M	$394.1M
YoY Change	-19.88%	-4.42%	-24.43%	-36.15%	27.73%
Other Long-Term Liabilities	$41.60M	$48.59M	$53.87M	$20.20M	$5.700M	$400.0K
YoY Change	-14.39%	-9.8%	166.69%	254.39%	1325.0%
Total Long-Term Liabilities	$227.6M	$280.8M	$296.8M	$341.6M	$509.1M	$394.5M
YoY Change	-18.93%	-5.39%	-13.12%	-32.9%	29.05%
Total Liabilities	$689.9M	$673.4M	$769.2M	$876.7M	$842.9M	$648.3M
YoY Change	2.45%	-12.46%	-12.26%	4.01%	30.02%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018
Basic Shares Outstanding	102.5M	96.28M	93.26M	86.26M	76.22M	75.46M
Diluted Shares Outstanding	106.3M	96.28M	100.0M	90.58M	76.22M	75.46M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $653.52 Million

About Corsair Gaming Inc

Corsair Gaming, Inc. designs and supplies hardware components for personal computers. The company is headquartered in Milpitas, California and currently employs 2,387 full-time employees. The company went IPO on 2020-09-23. The Company’s personal computer (PC) components products offer its customers multiple options to build their customized gaming and workstation desktop PCs. The firm operates through two segments: Gamer and creator peripherals, and Gaming components and systems. The Gamer and creator peripherals segment include its high-performance gaming keyboards, mice, headsets, controllers, and streaming products, which includes capture cards, stream Decks, microphones, and audio interfaces, facecam streaming cameras, studio accessories and gaming furniture, among others. The Gaming components and systems segment Includes its high-performance power supply units (PSUs), cooling solutions, computer cases, and DRAM modules, as well as high-end prebuilt and custom-built gaming PCs and laptops, and gaming monitors, among others.

Industry: Computer Peripheral Equipment, NEC Peers: Apple Inc 3D Systems Corp AVID TECHNOLOGY, INC. IONQ Inc NetApp Inc Stratasys Ltd Pure Storage Inc Super Micro Computer Inc Western Digital Corp Xerox Holdings Corp