Turtle Beach Corp income statement
In fiscal 2025, Turtle Beach Corp reported revenue of $320m, down 14.2% on the year before, operating income of $27.5m (a 8.6% margin) and net income of $15.7m, or $0.77 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Sept 2010 | 2011Sept 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 0 | 207 | 178 | 186 | 163 | 174 | 149 | 287 | 235 | 360 | 366 | 240 | 258 | 373 | 320 | 298 |
| Cost of revenue | 1 | 0 | 133 | 128 | 136 | 122 | 131 | 98 | 179 | 156 | 226 | 238 | 191 | 183 | 244 | 201 | 187 |
| Gross profit | 0 | 0 | 74 | 50 | 51 | 41 | 43 | 51 | 109 | 79 | 134 | 128 | 49 | 76 | 129 | 119 | 111 |
| Research and development | 0 | 1 | 2 | 5 | 9 | 12 | 8 | 6 | 6 | 8 | 12 | 17 | 19 | 17 | 17 | 17 | 18 |
| Selling, general and administrative | 0 | 1 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling and marketing | — | — | 23 | 32 | 33 | 32 | 29 | 24 | 32 | 39 | 47 | 59 | 47 | 43 | 52 | 52 | 54 |
| General and administrative | — | — | 6 | 8 | 17 | 21 | 20 | 16 | 17 | 22 | 26 | 32 | 33 | 31 | 28 | 30 | 29 |
| Operating income | −1 | −1 | 43 | 2 | −14 | −74 | −78 | 5 | 54 | 10 | 49 | 20 | −51 | −16 | 20 | 28 | 9 |
| Interest expense | — | — | 5 | 7 | 7 | 5 | 7 | 8 | 5 | 1 | 0 | 0 | 1 | 1 | 8 | 8 | 7 |
| Net interest income | — | −0 | — | — | — | — | — | — | — | — | — | — | −1 | −1 | −8 | −10 | −11 |
| Income before tax | — | — | 40 | −5 | −22 | −81 | −88 | −3 | 41 | 12 | 52 | 20 | −54 | −17 | 11 | 17 | −1 |
| Income tax | — | — | 14 | 1 | −6 | 2 | −0 | 1 | 2 | −6 | 14 | 2 | 5 | 0 | −6 | 1 | 2 |
| Net income | −1 | −1 | 26 | −6 | −15 | −83 | −87 | −3 | 39 | 18 | 39 | 18 | −60 | −18 | 16 | 16 | −3 |
| Diluted EPS | −$0.40 | −$0.59 | $0.17 | −$0.65 | −$1.56 | −$7.84 | −$7.18 | −$0.26 | $2.74 | $1.04 | $2.37 | $0.97 | −$3.62 | −$1.03 | $0.78 | $0.77 | −$0.16 |
| Diluted shares (average) | 2m | 3m | 10m | 10m | 10m | 11m | 12m | 12m | 14m | 16m | 16m | 18m | 20m | 17m | 21m | 20m | 20m |
| EBITDA | −1 | −1 | 45 | 6 | −8 | −68 | −73 | 9 | 58 | 15 | 54 | 24 | −47 | −13 | 24 | 32 | 13 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 94 | 146 | 64 | 57 | 80 | 119 | 42 | 56 |
| Cost of revenue | 60 | 92 | 41 | 39 | 50 | 71 | 31 | 35 |
| Gross profit | 34 | 54 | 23 | 18 | 30 | 48 | 11 | 22 |
| Research and development | 4 | 5 | 4 | 4 | 4 | 4 | 5 | 5 |
| Selling and marketing | 14 | 16 | 12 | 13 | 13 | 15 | 12 | 15 |
| General and administrative | 6 | 9 | 8 | 7 | 8 | 7 | 9 | 5 |
| Operating income | 6 | 23 | 2 | −0 | 5 | 21 | −14 | −3 |
| Interest expense | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 2 |
| Net interest income | −3 | −3 | −2 | −2 | −4 | −2 | −1 | −4 |
| Income before tax | 3 | 20 | −1 | −3 | 2 | 19 | −15 | −7 |
| Income tax | 0 | −0 | −0 | −0 | 0 | 1 | −0 | 1 |
| Net income | 3 | 20 | −1 | −3 | 2 | 18 | −15 | −7 |
| Diluted EPS | $0.16 | $0.98 | −$0.03 | −$0.14 | $0.08 | $0.86 | −$0.78 | −$0.38 |
| EBITDA | 8 | 25 | 3 | 1 | 6 | 22 | −13 | −2 |
Compare with peers
- Nlight, Inc. income statement
- Transcat Inc income statement
- Ituran Location & Control Ltd. income statement
- 3d Systems Corp income statement
- Kornit Digital Ltd. income statement
Head to head: LASR vs TBCHTBCH vs TRNSITRN vs TBCH
More: Electronic Equipment & Instruments stocks compared, Technology sector, rankings of US companies