Corsair Gaming, Inc.
CRSR · Computer Peripheral Equipment, NEC · 106.9M shares · +9%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$29M (gross $2M, SBC $31M)
Reference price $6.10 · est. market cap ~$652M — last insider purchase, 2025-11-25 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C54Gaming-peripherals maker near breakeven with positive free cash flow.
Strengths
- Positive free cash flow — FCF $35M (65th)
Risks
- Near-breakeven/net loss — operating margin 0%, net margin -1%
- Thin quick liquidity — quick ratio 0.84 (25th)
- Discretionary-demand cyclicality — per 10-K
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -1.1%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Chronic dilutionShare count +9%/yr over 4y (dilution, book value/share -20%)
- Revenue declineRevenue -18.8% YoY
- Notable holderHeld by 4 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC +1 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
28.9%
Operating margin
0.1%
Net margin
-1.1%
Return on equity
-2.6%
Return on assets
-1.3%
ROIC
0.2%
Revenue growth (QoQ)
-18.8%
Debt / equity
0.2×
Current ratio
1.5×
Free cash flow
$35M
Tangible book value
$151M
Stock comp / revenue
2.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-16 | Szteinbaum Samuel R. | Grant | 10K | — |
| 2026-06-16 | Kim Sarah Mears | Grant | 10K | — |
| 2026-06-16 | cahilly jason glen | Grant | 10K | — |
| 2026-06-16 | WEISENBURGER RANDALL J | Grant | 10K | — |
| 2026-05-27 | La Thi L | Tax withheld | 8.7K | $9.82 |
| 2026-05-18 | La Thi L | Tax withheld | 5.8K | $6.88 |
| 2026-05-16 | La Thi L | Tax withheld | 1.9K | $6.72 |
| 2026-02-27 | Mattingly Gordon | Grant | 166K | — |
| 2026-02-27 | La Thi L | Grant | 166K | — |
| 2026-02-27 | La Thi L | Grant | 197K | — |
| 2026-02-27 | La Thi L | Tax withheld | 23K | — |
| 2026-02-18 | La Thi L | Tax withheld | 16K | $5.57 |
| 2026-02-16 | La Thi L | Tax withheld | 1.5K | $6.79 |
| 2026-02-15 | La Thi L | Tax withheld | 2.1K | $6.79 |
| 2026-01-02 | La Thi L | Tax withheld | 1.9K | $6.02 |
| 2025-11-25 | La Thi L | Buy | 50K | $6.10 |
| 2025-11-16 | La Thi L | Tax withheld | 1.3K | $6.07 |
| 2025-11-16 | Potter Michael G | Tax withheld | 627 | $6.07 |
| 2025-11-10 | Kim Sarah Mears | Sell | 5.3K | $6.42 |
| 2025-11-07 | Szteinbaum Samuel R. | Buy | 100K | $6.59 |
| 2025-08-16 | Potter Michael G | Tax withheld | 627 | $8.74 |
| 2025-08-16 | La Thi L | Tax withheld | 1.3K | $8.74 |
| 2025-08-15 | Potter Michael G | Tax withheld | 1.3K | $8.74 |
| 2025-08-15 | La Thi L | Tax withheld | 1.8K | $8.74 |
| 2025-08-12 | Kim Sarah Mears | Sell | 7.3K | $9.20 |
| 2025-08-08 | Potter Michael G | Sell | 1.1K | $10.08 |
| 2025-07-02 | Potter Michael G | Tax withheld | 1.1K | $9.72 |
| 2025-07-02 | La Thi L | Tax withheld | 1.6K | $9.72 |
| 2025-06-30 | Paul Andrew J. | Tax withheld | 58K | $9.43 |
| 2025-06-10 | WEISENBURGER RANDALL J | Grant | 12K | — |
| 2025-06-10 | Kim Sarah Mears | Grant | 12K | — |
| 2025-06-10 | Szteinbaum Samuel R. | Grant | 12K | — |
| 2025-06-10 | cahilly jason glen | Grant | 12K | — |
| 2025-06-10 | Bell Diana L. | Grant | 12K | — |
| 2025-05-16 | La Thi L | Tax withheld | 1.3K | $8.46 |
| 2025-05-16 | Potter Michael G | Tax withheld | 627 | $8.46 |
| 2025-03-19 | Potter Michael G | Sell | 4.1K | $10.08 |
| 2025-02-18 | Potter Michael G | Grant | 66K | — |
| 2025-02-18 | La Thi L | Grant | 183K | — |
| 2025-02-16 | La Thi L | Tax withheld | 5.6K | $12.42 |
| 2025-02-16 | Potter Michael G | Tax withheld | 2.9K | $12.42 |
| 2025-02-16 | Paul Andrew J. | Tax withheld | 7.2K | $12.42 |
| 2025-02-15 | Potter Michael G | Tax withheld | 1.3K | $12.42 |
| 2025-02-15 | Paul Andrew J. | Tax withheld | 4.3K | $12.42 |
| 2025-02-15 | La Thi L | Tax withheld | 1.8K | $12.42 |
| 2025-01-02 | Potter Michael G | Tax withheld | 1.2K | $6.98 |
| 2025-01-02 | La Thi L | Tax withheld | 1.9K | $6.98 |
| 2025-01-01 | La Thi L | Tax withheld | 806 | $6.61 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-16 | 0001193125-26-275878 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001193125-26-211947 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001193125-26-211845 ↗ |
| 8-K | 2026-03-11 | 2026-03-05 | 0001193125-26-102218 ↗ |
| 10-K | 2026-02-25 | 2025-12-31 | 0001193125-26-067833 ↗ |
| 8-K | 2026-02-12 | 2026-02-12 | 0001193125-26-048668 ↗ |
| 8-K | 2025-11-20 | 2025-11-20 | 0001193125-25-289820 ↗ |
| 10-Q | 2025-11-04 | 2025-09-30 | 0001193125-25-264750 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0001193125-25-264678 ↗ |
| 8-K | 2025-08-07 | 2025-08-07 | 0000950170-25-104994 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0000950170-25-105191 ↗ |
| 8-K | 2025-07-02 | 2025-06-30 | 0000950170-25-092527 ↗ |