Turtle Beach Corp
TBCH · Communications Equipment, NEC · 19.8M shares · +7%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$713K (gross $974K, SBC $2M)
Reference price $13.25 · est. market cap ~$263M — last insider sale, 2026-05-29 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C65Profitable gaming-accessory maker with strong FCF but a shrinking top line.
Strengths
- Strong cash conversion — FCF margin 10.6% (46th), FCF $34.0M (36th)
- Solid operating profitability — operating margin 8.6% (62nd), ROA 5.8% (66th)
Risks
- Revenue decline — -14.2% (3rd)
- Console-cycle/discretionary cyclicality — per 10-K
- Moderate leverage — D/E 0.36 (51st)
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Revenue declineRevenue -64.5% YoY
- Notable holderHeld by 4 notable fund(s): GOLDMAN SACHS GROUP INC, STATE STREET CORP, CITADEL ADVISORS LLC +1 more (as of 2026-03-31)
- Insider sellingInsider selling — 5 open-market sale(s) by 1 insider(s) (~$348,541, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
37.3%
Operating margin
8.6%
Net margin
4.9%
Return on equity
12.2%
Return on assets
5.8%
ROIC
12.4%
Revenue growth (QoQ)
-64.5%
Net-income growth
-2.8%
Debt / equity
0.4×
Net debt / EBITDA
0.9×
Current ratio
2.0×
Free cash flow
$34M
EBITDA
$32M
Tangible book value
$44M
Cash & investments
$17M
Stock comp / revenue
1.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-29 | Scherping Katherine Lee | Sell | 2.0K | $13.25 |
| 2026-05-27 | Scherping Katherine Lee | Sell | 1.8K | $12.82 |
| 2026-05-27 | Scherping Katherine Lee | Sell | 5.0K | $13.20 |
| 2026-05-03 | WEINSWIG MARK | Tax withheld | 2.4K | $11.22 |
| 2026-05-03 | WEINSWIG MARK | Option exercise | 6.7K | — |
| 2026-05-01 | Keirn Cris | Option exercise | 4.3K | — |
| 2026-04-20 | Haspel Lee | Grant | 14K | — |
| 2026-04-20 | Kelley Daniela | Grant | 14K | — |
| 2026-04-02 | Wynne Megan S. | Tax withheld | 11K | $10.22 |
| 2026-04-01 | Wynne Megan S. | Option exercise | 2.9K | — |
| 2026-04-01 | Keirn Cris | Option exercise | 4.0K | — |
| 2026-04-01 | Keirn Cris | Option exercise | 6.9K | — |
| 2026-04-01 | Keirn Cris | Option exercise | 5.2K | — |
| 2026-04-01 | Keirn Cris | Option exercise | 7.0K | — |
| 2026-04-01 | Keirn Cris | Option exercise | 6.6K | — |
| 2026-04-01 | Keirn Cris | Option exercise | 8.5K | — |
| 2026-04-01 | Keirn Cris | Tax withheld | 20K | $10.22 |
| 2026-04-01 | Wolfe Andrew | Grant | 17K | — |
| 2026-04-01 | SZE JULIA | Grant | 17K | — |
| 2026-04-01 | Scherping Katherine Lee | Grant | 17K | — |
| 2026-04-01 | Bush Elizabeth Berlacher | Grant | 17K | — |
| 2026-04-01 | Wyatt William Z | Grant | 17K | — |
| 2026-04-01 | Wynne Megan S. | Option exercise | 1.4K | — |
| 2026-04-01 | Wynne Megan S. | Tax withheld | 738 | $11.22 |
| 2026-04-01 | Keirn Cris | Tax withheld | 2.2K | $11.22 |
| 2026-04-01 | Wynne Megan S. | Option exercise | 3.5K | — |
| 2026-04-01 | Wynne Megan S. | Option exercise | 1.8K | — |
| 2026-04-01 | Wynne Megan S. | Option exercise | 4.5K | — |
| 2026-04-01 | Wynne Megan S. | Option exercise | 6.1K | — |
| 2026-04-01 | Wynne Megan S. | Option exercise | 1.7K | — |
| 2026-03-23 | Scherping Katherine Lee | Sell | 20K | $11.62 |
| 2026-03-20 | Scherping Katherine Lee | Sell | 98 | $11.50 |
| 2026-02-03 | WEINSWIG MARK | Option exercise | 27K | — |
| 2026-02-03 | WEINSWIG MARK | Tax withheld | 10K | $12.08 |
| 2025-08-21 | DC VGA LLC | Sell | 694K | $14.41 |
| 2025-08-21 | DC VGA LLC | Sell | 695K | $14.41 |
| 2025-08-14 | Wyatt William Z | Buy | 694K | $14.41 |
| 2025-05-09 | Keirn Cris | Option exercise | 6.9K | — |
| 2025-05-09 | Keirn Cris | Tax withheld | 3.5K | $10.72 |
| 2025-05-09 | Wynne Megan S. | Option exercise | 1.8K | — |
| 2025-05-09 | Wynne Megan S. | Tax withheld | 900 | $10.72 |
| 2025-04-01 | Jimenez Terry | Grant | 12K | — |
| 2025-04-01 | Scherping Katherine Lee | Grant | 12K | — |
| 2025-04-01 | Wolfe Andrew | Grant | 12K | — |
| 2025-04-01 | SZE JULIA | Grant | 12K | — |
| 2025-04-01 | Wyatt William Z | Grant | 12K | — |
| 2025-04-01 | Ballard Lloyd Gregory | Grant | 12K | — |
| 2025-04-01 | Bush Elizabeth Berlacher | Grant | 12K | — |
| 2025-04-01 | Wynne Megan S. | Option exercise | 6.4K | — |
| 2025-04-01 | Wynne Megan S. | Option exercise | 6.9K | — |
| 2025-04-01 | Wynne Megan S. | Option exercise | 3.8K | — |
| 2025-04-01 | Wynne Megan S. | Option exercise | 4.5K | — |
| 2025-04-01 | Wynne Megan S. | Option exercise | 6.1K | — |
| 2025-04-01 | Wynne Megan S. | Option exercise | 1.7K | — |
| 2025-04-01 | Wynne Megan S. | Tax withheld | 15K | $14.63 |
| 2025-04-01 | Keirn Cris | Option exercise | 7.5K | — |
| 2025-04-01 | Keirn Cris | Option exercise | 7.9K | — |
| 2025-04-01 | Keirn Cris | Option exercise | 4.5K | — |
| 2025-04-01 | Keirn Cris | Option exercise | 5.2K | — |
| 2025-04-01 | Keirn Cris | Option exercise | 7.0K | — |
| 2025-04-01 | Keirn Cris | Option exercise | 6.6K | — |
| 2025-04-01 | Keirn Cris | Tax withheld | 20K | $14.63 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-02 | Shareholder vote | filing ↗ |
| 2026-05-20 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-05-07 | ResultsExhibits | filing ↗ |
| 2026-05-04 | Material agreementDebt obligationReg FDExhibits | filing ↗ |
| 2026-04-21 | Exec/director changeExhibits | filing ↗ |
| 2026-03-12 | ResultsExhibits | filing ↗ |
| 2026-03-12 | Material agreementExhibits | filing ↗ |
| 2026-03-06 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-02 | 2026-06-02 | 0001193125-26-253904 ↗ |
| 8-K | 2026-05-20 | 2026-05-16 | 0001193125-26-232706 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001193125-26-211979 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001193125-26-212345 ↗ |
| 8-K | 2026-05-04 | 2026-04-30 | 0001193125-26-204193 ↗ |
| 8-K | 2026-04-21 | 2026-04-20 | 0001193125-26-167122 ↗ |
| 10-K | 2026-03-12 | 2025-12-31 | 0001193125-26-104436 ↗ |
| 8-K | 2026-03-12 | 2026-03-12 | 0001193125-26-104292 ↗ |
| 8-K | 2026-03-12 | 2026-03-09 | 0001193125-26-104271 ↗ |
| 8-K | 2026-03-06 | 2026-03-05 | 0001193125-26-096728 ↗ |
| 8-K | 2025-12-30 | 2025-12-29 | 0001193125-25-337221 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001193125-25-270035 ↗ |