Corsair's 2025 revenue rose 12% to $1.47 billion; its net loss attributable to shareholders narrowed to $16.16 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 filed its annual report on Form 10-K, the yearly filing a US-listed company makes with the SEC, on Feb 25, 2026, for the year ended Dec 31, 2025. Revenue was $1.47 billion, up 11.9% from $1.32 billion a year earlier. Operating income was $2.08 million, against an operating loss of $49.95 million a year earlier. The net loss attributable to Corsair's shareholders was $16.16 million, against $85.18 million a year earlier, and the diluted loss per share was $0.12, against $0.95. Including non-controlling interests, the net loss was $14.97 million, against $83.39 million.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13

Gross margin rose to 28.9% from 24.9%, which the company ties to higher prices, revenue from the Fanatec sim racing business it bought in September 2024, and lower inventory reserves. Gaming Components and Systems revenue, which covers memory, power supplies, cooling, cases and gaming PCs, was $980.34 million, up 16.2%, which the company ties to demand for system upgrades and new builds and, late in the year, higher selling prices for certain memory products. Gamer and Creator Peripherals revenue was $492.14 million, up 4.1%, helped by Fanatec and creator products and held back by lower North American demand for gaming peripherals and furniture in the second half.14^,15^,16^,17^,18^,19^,20^,21^,22^,23

Adjusted EBITDA, a measure Corsair defines itself that leaves out items such as amortization, stock-based compensation, one-time costs for legal and other matters, depreciation, net interest and tax, was $100.6 million for the year, up 84%. Chief executive Thi La said the company was shifting its mix, by investing in creator and gaming peripherals and the Elgato Marketplace, toward what it expected to be higher-margin, recurring revenue. In the earnings release attached to its 8-K filed Feb 12, 2026, the company guided to 2026 net revenue of $1.33 billion to $1.47 billion, about 5% lower at the midpoint of its guided ranges, with double-digit growth then expected in Gamer and Creator Peripherals and a more cautious outlook for Gaming Components and Systems because of ongoing global semiconductor shortages. The report said supply constraints driven by the spread of AI infrastructure had raised DRAM prices substantially, which it believed was a barrier to entry for the budget segment of self-built PCs and might hurt results in the near term. It added that its core market was the enthusiast-level PC builder, a group that historically showed less price sensitivity than the broader market.24^,25^,26^,27^,28^,29^,30^,31^,32^,33^,34

Our records hold the year's revenue, operating income, net income attributable to shareholders, net income including non-controlling interests and diluted earnings per share, and the report's management discussion but not its notes to the financial statements, and they keep one value for each period, so they cannot tell whether year-earlier figures were restated.35^,36^,37