Turtle Beach Corp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $319.9M | $372.8M | $258.1M | $240.2M | $366.4M |
| Cost of revenue | $200.6M | $243.8M | $182.6M | $191.0M | $238.0M |
| Gross profit | $119.3M | $129.0M | $75.5M | $49.2M | $128.4M |
| Research and development | $16.9M | $17.3M | $17.1M | $19.1M | $17.5M |
| Operating expenses | $91.8M | $109.0M | $91.9M | $100.7M | $108.0M |
| Operating income | $27.5M | $20.0M | -$16.4M | -$51.5M | $20.4M |
| Interest expense | — | — | $504,000 | $1.2M | $383,000 |
| Pretax income | $16.8M | $10.7M | -$17.3M | -$54.5M | $20.1M |
| Income tax expense | $1.1M | -$5.5M | $338,000 | $5.1M | $2.4M |
| Net income | $15.7M | $16.2M | -$17.7M | -$59.5M | $17.7M |
| Balance Sheet | |||||
| Cash and equivalents | $17.0M | $13.0M | $18.7M | $11.4M | $37.7M |
| Current assets | $173.8M | $188.4M | $124.9M | $135.2M | $193.1M |
| Total assets | $269.1M | $298.9M | $150.0M | $163.4M | $230.5M |
| Current liabilities | $87.7M | $123.7M | $56.3M | $64.3M | $78.2M |
| Total liabilities | $140.6M | $178.3M | $64.9M | $74.4M | $89.1M |
| Total debt | $55.7M | — | — | — | — |
| Stockholders' equity | $128.5M | $120.6M | $85.1M | $88.9M | $141.4M |
| Cash Flow Statement | |||||
| Cash from operations | $35.5M | $5.8M | $27.0M | -$41.8M | -$327,000 |
| Depreciation and amortization | $4.4M | $4.4M | $3.8M | $4.6M | $4.1M |
| Stock-based compensation | $6.2M | $6.2M | $12.0M | $8.0M | $7.7M |
| Capital expenditure | $1.4M | $4.9M | $2.2M | $3.5M | $5.6M |
| Free cash flow | $34.0M | $847,000 | $24.9M | -$45.4M | -$5.9M |
| Share repurchases | $19.0M | $27.8M | $974,000 | — | $4.9M |
| Impairments | $0 | $753,000 | $0 | $1.9M | $0 |
Shares outstanding 19.8M · Free float 46.8%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.