2024 Q1 Form 10-K Financial Statement

#000095017024021415 Filed on February 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $337.3M $417.3M $1.460B
YoY Change -4.72% 4.65% 6.17%
Cost Of Revenue $250.6M $314.6M $1.100B
YoY Change -6.68% 4.57% 1.96%
Gross Profit $86.64M $102.7M $360.3M
YoY Change 1.45% 4.92% 21.45%
Gross Profit Margin 25.69% 24.61% 24.68%
Selling, General & Admin $80.22M $73.83M $285.3M
YoY Change 18.79% 7.82% 0.13%
% of Gross Profit 92.59% 71.91% 79.2%
Research & Development $16.64M $16.72M $65.26M
YoY Change -1.17% 6.21% -1.85%
% of Gross Profit 19.21% 16.28% 18.11%
Depreciation & Amortization $3.087M $12.70M $50.70M
YoY Change 6.56% 6.67% 372.58%
% of Gross Profit 3.56% 12.37% 14.07%
Operating Expenses $96.86M $90.55M $350.6M
YoY Change 14.81% 7.52% -0.24%
Operating Profit -$10.22M $12.12M $9.689M
YoY Change -1085.44% -11.11% -117.68%
Interest Expense -$2.051M -$2.706M -$10.58M
YoY Change -27.48% -22.62% 15.19%
% of Operating Profit -22.32% -109.21%
Other Income/Expense, Net -$536.0K -$1.261M -$2.587M
YoY Change -83.87% -20.34% -1314.55%
Pretax Income -$12.81M $8.157M -$3.479M
YoY Change 459.95% -4.71% -94.54%
Income Tax -$1.777M $581.0K -$2.442M
% Of Pretax Income 7.12%
Net Earnings -$11.57M $6.223M $3.187M
YoY Change 474.8% -50.23% -105.86%
Net Earnings / Revenue -3.43% 1.49% 0.22%
Basic Earnings Per Share -$0.12 $0.03
Diluted Earnings Per Share -$0.12 $0.06 $0.03
COMMON SHARES
Basic Shares Outstanding 103.3M 103.0M 102.5M
Diluted Shares Outstanding 103.6M 106.3M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $127.8M $178.3M $178.3M
YoY Change -28.68% 17.96% 17.96%
Cash & Equivalents $130.2M $178.6M
Short-Term Investments
Other Short-Term Assets $36.75M $39.82M $39.82M
YoY Change -17.14% -7.9% -7.9%
Inventory $251.7M $240.2M $240.2M
Prepaid Expenses
Receivables $204.9M $253.3M $253.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $621.2M $711.6M $711.6M
YoY Change -1.86% 14.26% 14.26%
LONG-TERM ASSETS
Property, Plant & Equipment $31.19M $32.21M $32.21M
YoY Change -8.62% -7.77% -59.79%
Goodwill $354.4M $354.7M
YoY Change 1.78% 2.0%
Intangibles $178.2M $188.0M
YoY Change -13.97% -13.06%
Long-Term Investments
YoY Change
Other Assets $72.02M $70.95M $70.95M
YoY Change -3.59% -5.77% 133.78%
Total Long-Term Assets $636.0M $645.9M $645.9M
YoY Change -4.27% -4.24% -4.24%
TOTAL ASSETS
Total Short-Term Assets $621.2M $711.6M $711.6M
Total Long-Term Assets $636.0M $645.9M $645.9M
Total Assets $1.257B $1.357B $1.357B
YoY Change -3.09% 4.64% 4.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $191.4M $240.0M $240.0M
YoY Change 1.79% 39.48% 39.48%
Accrued Expenses $98.52M $119.2M $119.2M
YoY Change -12.44% -0.53% -0.53%
Deferred Revenue $4.490M $7.442M
YoY Change 59.33% 18.9%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $12.21M $12.19M $12.19M
YoY Change 45.88% 87.68% 87.68%
Total Short-Term Liabilities $342.1M $418.5M $418.5M
YoY Change -1.95% 22.01% 22.01%
LONG-TERM LIABILITIES
Long-Term Debt $171.1M $186.0M $186.0M
YoY Change -22.36% -19.88% -19.88%
Other Long-Term Liabilities $40.63M $41.60M $41.60M
YoY Change -11.78% -14.39% -14.39%
Total Long-Term Liabilities $211.7M $227.6M $227.6M
YoY Change -20.53% -18.93% -18.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $342.1M $418.5M $418.5M
Total Long-Term Liabilities $211.7M $227.6M $227.6M
Total Liabilities $567.9M $689.9M $689.9M
YoY Change -10.28% 7.49% 2.45%
SHAREHOLDERS EQUITY
Retained Earnings $27.87M $40.41M
YoY Change -22.95% 8.56%
Common Stock $640.3M $630.7M
YoY Change 6.3% 6.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $663.5M $667.6M $667.6M
YoY Change
Total Liabilities & Shareholders Equity $1.257B $1.357B $1.357B
YoY Change -3.09% 4.64% 4.64%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$11.57M $6.223M $3.187M
YoY Change 474.8% -50.23% -105.86%
Depreciation, Depletion And Amortization $3.087M $12.70M $50.70M
YoY Change 6.56% 6.67% 372.58%
Cash From Operating Activities -$26.32M $57.05M $89.15M
YoY Change -162.92% 168.52% 34.29%
INVESTING ACTIVITIES
Capital Expenditures $2.520M $1.961M $12.76M
YoY Change -46.12% -69.67% -51.51%
Acquisitions -$1.041M $14.22M
YoY Change -27.2%
Other Investing Activities $1.041M -$20.00K -$14.22M
YoY Change -77.78% -31.37%
Cash From Investing Activities -$1.479M -$1.981M -$26.98M
YoY Change -68.38% -69.78% -42.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.952M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.95M -24.19M -37.39M
YoY Change 101.79% -131.6% -151.49%
NET CHANGE
Cash From Operating Activities -26.32M 57.05M 89.15M
Cash From Investing Activities -1.479M -1.981M -26.98M
Cash From Financing Activities -19.95M -24.19M -37.39M
Net Change In Cash -48.38M 30.89M 24.79M
YoY Change -272.83% -66.15% -72.05%
FREE CASH FLOW
Cash From Operating Activities -$26.32M $57.05M $89.15M
Capital Expenditures $2.520M $1.961M $12.76M
Free Cash Flow -$28.84M $55.09M $76.39M
YoY Change -177.63% 272.7% 90.63%

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<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates include, but are not limited to, the valuation of intangible assets, accounts receivable, sales return reserves, reserves for customer incentives, warranty reserves, inventory, derivative instruments, stock-based compensation, and deferred income tax. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the potential impacts from the events in the current economic environment as well as the potential impacts from geopolitical events. We adjust such estimates and assumptions when facts and circumstances dictate. The extent to which the current macroeconomic factors and the development of the geopolitical unrest will impact our business going forward depends on numerous dynamic factors that we cannot reliably predict. Actual results could differ materially from those estimates</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">. Making estimates and judgments about future events is inherently unpredictable and is subject to significant uncertainties, some of which are beyond our control. Should any of these estimates and assumptions change or prove to have been incorrect, it could have a material impact on our results of operations, financial position and cash flows.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
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CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentration of Credit Risk</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Our financial instruments that are exposed to concentrations of credit risk consist principally of cash, restricted cash and accounts receivable. We maintain our cash and restricted cash with various high-quality financial institutions with investment-grade ratings and we have not experienced any losses.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">We sell a significant portion of our products through third-party distributors and resellers and, as a result, maintain individually significant receivable balances with such customers. </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">As of December 31, 2023, </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">two</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> customers represented </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">42.9</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">18.5</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of our accounts receivable, net balance, respectively. As of December 31, 2022, the </span><span style="font-size:10pt;font-family:Times New Roman;"><span style="-sec-ix-hidden:F_1eeed540-94d8-49ff-9f8e-ba65fcbe14dd;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Factor and one other customer</span></span></span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> represented </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">38.6</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">23.4</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of our accounts receivable, net balance, respectively.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">One</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> customer represented </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">30.7</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">%, </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">26.0</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">26.7</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of our consolidated net revenue for the years ended December 31, 2023, 2022 and 2021. No other customer represented 10% or more of our consolidated net revenue for these periods.</span></p>
CY2023 crsr Inventory Impairment Related Charges
InventoryImpairmentRelatedCharges
11500000
CY2022 crsr Inventory Impairment Related Charges
InventoryImpairmentRelatedCharges
25500000
CY2021 crsr Inventory Impairment Related Charges
InventoryImpairmentRelatedCharges
7900000
CY2023Q4 us-gaap Hosting Arrangement Service Contract Implementation Cost Capitalized After Accumulated Amortization
HostingArrangementServiceContractImplementationCostCapitalizedAfterAccumulatedAmortization
6400000
CY2022Q4 us-gaap Hosting Arrangement Service Contract Implementation Cost Capitalized After Accumulated Amortization
HostingArrangementServiceContractImplementationCostCapitalizedAfterAccumulatedAmortization
5200000
CY2023 crsr Initial Lease Term Threshold Not Recognized As Operating Lease
InitialLeaseTermThresholdNotRecognizedAsOperatingLease
P12M
CY2023 crsr Percentage Of Estimated Fair Value Less Than Carrying Amount
PercentageOfEstimatedFairValueLessThanCarryingAmount
0.50
CY2023 crsr Number Of Derivative Instruments Held For Trading Purposes
NumberOfDerivativeInstrumentsHeldForTradingPurposes
0
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
4
CY2021Q4 us-gaap Goodwill
Goodwill
317054000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
31971000
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
1017000
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2295000
CY2022Q4 us-gaap Goodwill
Goodwill
347747000
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
7007000
CY2023 crsr Goodwillpurchasepriceadjustment
Goodwillpurchasepriceadjustment
-1041000
CY2023 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
21000
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
971000
CY2023Q4 us-gaap Goodwill
Goodwill
354705000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
340705000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
188142000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
152563000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
341330000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
160594000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
180736000
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
376151000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
188142000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
188009000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
376849000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
160594000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
216255000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
38488000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
39897000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
34794000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
38071000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
37700000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
34394000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
24721000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
4388000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
13289000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
152563000
CY2023Q4 us-gaap Cash
Cash
175620000
CY2022Q4 us-gaap Cash
Cash
151180000
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
2705000
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
2647000
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
239000
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
233000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
178564000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
154060000
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
254433000
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
145380000
CY2023Q4 crsr Due From Factor Current
DueFromFactorCurrent
283000
CY2022Q4 crsr Due From Factor Current
DueFromFactorCurrent
91061000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1448000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
785000
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
253268000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
235656000
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
64576000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
49926000
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
5204000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
4171000
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
170392000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
138620000
CY2023Q4 us-gaap Inventory Net
InventoryNet
240172000
CY2022Q4 us-gaap Inventory Net
InventoryNet
192717000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
67865000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
67378000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
35653000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
32451000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
32212000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
34927000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
36324000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
45175000
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
27749000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
23569000
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
6636000
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
6546000
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
70709000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
75290000
CY2023Q4 crsr Accrued Reserves For Customer Incentive Programs Current
AccruedReservesForCustomerIncentiveProgramsCurrent
41148000
CY2022Q4 crsr Accrued Reserves For Customer Incentive Programs Current
AccruedReservesForCustomerIncentiveProgramsCurrent
58621000
CY2023Q4 crsr Accrued Reserves For Sales Return Current
AccruedReservesForSalesReturnCurrent
36822000
CY2022Q4 crsr Accrued Reserves For Sales Return Current
AccruedReservesForSalesReturnCurrent
27199000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
17989000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10511000
CY2023Q4 crsr Accrued Freight Expenses Current
AccruedFreightExpensesCurrent
13553000
CY2022Q4 crsr Accrued Freight Expenses Current
AccruedFreightExpensesCurrent
12486000
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
10652000
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
9376000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9721000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11051000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7442000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6259000
CY2023Q4 crsr Accrued Warranty Current
AccruedWarrantyCurrent
7155000
CY2022Q4 crsr Accrued Warranty Current
AccruedWarrantyCurrent
3685000
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
3653000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
5322000
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
18205000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
19960000
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
166340000
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
164470000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
38587000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
45457000
CY2023Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
3008000
CY2022Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
3132000
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
41595000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
48589000
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
804000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1335000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
198196000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
238665000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
12190000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6495000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
186006000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
232170000
CY2023 us-gaap Interest Expense Other
InterestExpenseOther
379000
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
203000
CY2021 us-gaap Interest Expense Other
InterestExpenseOther
327000
CY2023 us-gaap Interest And Debt Expense
InterestAndDebtExpense
17420000
CY2022 us-gaap Interest And Debt Expense
InterestAndDebtExpense
9560000
CY2021 us-gaap Interest And Debt Expense
InterestAndDebtExpense
17673000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
12500000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
12500000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
174000000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
199000000
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
3685000
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
5656000
CY2023 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
9097000
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4349000
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
5627000
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
6320000
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
7155000
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
3685000
CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
1127000
CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
353000
CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
1480000
CY2022Q4 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
3800000
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
0
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
0
CY2023Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
0
CY2022Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
0
CY2021Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
0
CY2023 us-gaap Loss Contingency Claims Settled Number
LossContingencyClaimsSettledNumber
0
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2020Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q3 crsr Self Resitration Maximum Securities Issued
SelfResitrationMaximumSecuritiesIssued
300000000
CY2022Q3 crsr Common Stock Held By Selling Securities Holders
CommonStockHeldBySellingSecuritiesHolders
54179559
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9210022
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.34
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y6M
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
51384000
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2020245
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
18.08
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1018117
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.75
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
442136
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
16.01
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9770014
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.10
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y2M12D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
45260000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
6231611
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
10.25
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
41948000
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.71
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.7
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
16.77
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
11800000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
7700000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
66000000
CY2023 us-gaap Allocated Share Based Compensation Expense
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