Corsair's revenue rose 13.7% to $345.76 million in the quarter to Sep 30, 2025; net loss to shareholders narrowed to $10.63 million

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 reported revenue of $345.76 million for the quarter from Jul 1 to Sep 30, 2025, up 13.7% on the $304.2 million of the same quarter a year earlier, in a Form 10-Q (the quarterly report a US-listed company files with the SEC) filed on Nov 4, 2025. The company, which sells high-performance products for gamers and digital creators such as streamers, had an operating loss (the loss from running the business before interest and tax) of $5.63 million, against $20.94 million a year earlier. The net loss attributable to Corsair's shareholders was $10.63 million, against $51.71 million a year earlier, and the diluted loss per share was $0.09, against $0.56. Including the other holders' share of its subsidiaries (non-controlling interests), the consolidated net loss was $10.39 million, against $51.59 million.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13^,14

Gaming Components and Systems, the segment that includes power supplies, cooling, cases, memory modules and gaming PCs, had revenue of $233.1 million, up 15.3%. Memory products within it were $117.18 million, up 20.8%. The filing said the segment's increase came mainly from demand for memory and other component products in the self-built PC market, which it tied to the launch of a new generation of GPUs and CPUs in early 2025. Gamer and Creator Peripherals, which includes gaming keyboards, mice, headsets, controllers and streaming products, had revenue of $112.66 million, up 10.5%. The filing said the segment's increase came mainly from post-acquisition revenue of Fanatec, a sim racing brand Corsair bought in September 2024, and from the success of recent product launches.15^,16^,17^,18^,19^,20^,21^,22^,23^,24^,25

Gross margin was 26.9%, against 22.9% a year earlier, which the filing put down to a better product mix, Fanatec's revenue after the acquisition and lower inventory reserves. The prior-year quarter carried a $28.0 million income tax provision for a valuation allowance recorded against U.S. federal and state deferred tax assets, which the filing named as the main reason the effective tax rate changed. The 10-Q said the effect of new tariffs on the business in the first nine months of 2025 was not material to its financial statements, although it counted higher tariff costs as a 130 basis-point decrease in the Gamer and Creator Peripherals segment's gross margin in the quarter.26^,27^,28^,29^,30

Adjusted EBITDA, a non-GAAP measure the company defines itself, was $16.2 million, up 236%, according to its earnings release; it leaves out items including amortization, stock-based compensation, one-time costs for legal and other matters, acquisition and related integration costs, and restructuring and other charges. The company updated its full-year 2025 outlook to net revenue of $1.425 billion to $1.475 billion. Its annual report for 2025 later put revenue for the year at $1.47 billion.31^,32^,33^,34^,35

We hold the text of the report's management discussion and analysis, and the notes to its financial statements are not in our records. Our records keep one value for each period of an SEC filer, so they cannot tell whether the year-earlier figures were restated.36^,37