Corsair Gaming's revenue rose 9.6% to $369.75 million, with a $10.46 million net loss to shareholders, for the quarter to Mar 31, 2025

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Corsair Gaming filed its 10-Q, the quarterly report a US-listed company files with the Securities and Exchange Commission, on May 7, 2025, for the quarter that ended Mar 31, 2025. Net revenue was $369.75 million, up 9.6% from $337.26 million in the same quarter a year earlier. The operating loss, the loss from running the business before interest and tax, was $2.26 million, against $10.22 million a year earlier. Net loss attributable to Corsair Gaming's shareholders was $10.46 million, against $11.57 million; the consolidated net loss, which includes non-controlling interests, was $10.32 million. The loss per diluted share was $0.10, against $0.12 a year earlier. Corsair worked the per-share loss out from its loss attributable to common stockholders, $10.067 million against $12.54 million, which was the loss attributable to Corsair adjusted for a change in the redemption value of redeemable noncontrolling interest.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13^,14

Gaming Components and Systems revenue rose 11.9% to $257.78 million, which Corsair put on demand for its memory and other component products in the self-built PC market, driven by the launch of the new generation of GPUs and CPUs. The segment included power supplies, cooling, cases, memory modules and prebuilt gaming PCs, among other products. Gamer and Creator Peripherals revenue rose 4.7% to $111.97 million, which Corsair put mainly on revenue since its September 2024 purchase of Fanatec, a sim racing product line. Gross margin was 27.7%, against 25.7%, which Corsair put mainly on a better product mix and lower product costs.15^,16^,17^,18^,19^,20^,21^,22^,23^,24

Other expense, net, was $3.947 million, including a $2.6 million reversal of the bargain purchase gain Corsair recognized in the prior year on the Fanatec acquisition. The notes showed Corsair's first estimate of the net assets it acquired with Fanatec was $46.304 million, above the $43.723 million it paid net of cash acquired; adjustments recorded in the quarter cut the estimate to $43.723 million and removed the $2.581 million gain. Income tax was an expense of $2.061 million, against a benefit of $1.777 million a year earlier. Corsair put the change in its effective tax rate mainly on the mix of income and losses across tax jurisdictions and a valuation allowance on U.S. federal and state deferred tax assets.25^,26^,27^,28^,29^,30^,31^,32

Corsair's own adjusted EBITDA, a non-GAAP measure that left out items such as amortization, stock-based compensation, one-time costs related to legal and other matters, depreciation and net interest expense, was $22.6 million, against $18.0 million a year earlier. Corsair said new tariffs were not material to its financial statements in the first three months of 2025. In its earnings release of May 6, 2025, it said it was not reaffirming its full-year 2025 guidance at that time because of tariff uncertainty, and that if conditions then held it remained on track for the guidance it had given on Feb 12, 2025.33^,34^,35^,36^,37^,38^,39

We hold the text of the 10-Q's management discussion and notes, not its exhibits, so this article tells what Corsair said only from them and its May 6 earnings release. Our records keep one value for each period, so they cannot tell whether the year-earlier figures in this 10-Q were restated.40^,37^,41