Corsair Gaming Inc
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
CRSR$12.17+2.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except per share amounts)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net revenue | $261,300 | $325,432 | $598,557 | $679,396 |
| Cost of revenue | 198,215 | 242,600 | 448,833 | 511,160 |
| Gross profit | 63,085 | 82,832 | 149,724 | 168,236 |
| Operating expenses: | ||||
| Sales, general and administrative | 70,388 | 69,953 | 150,605 | 137,482 |
| Product development | 17,411 | 15,593 | 34,052 | 32,431 |
| Total operating expenses | 87,799 | 85,546 | 184,657 | 169,913 |
| Operating loss | (24,714) | (2,714) | (34,933) | (1,677) |
| Other (expense) income: | ||||
| Interest expense | (3,436) | (4,496) | (7,127) | (8,798) |
| Interest income | 1,158 | 1,978 | 2,723 | 3,452 |
| Other expense, net | (516) | (1,134) | (977) | (1,630) |
| Total other expense, net | (2,794) | (3,652) | (5,381) | (6,976) |
| Loss before income taxes | (27,508) | (6,366) | (40,314) | (8,653) |
| Income tax benefit | 4,001 | 2,287 | 5,778 | 2,926 |
| Net loss | (23,507) | (4,079) | (34,536) | (5,727) |
| Less: Net income attributable to noncontrolling interest | 687 | 401 | 1,223 | 765 |
| Net loss attributable to Corsair Gaming, Inc. | $(24,194) | $(4,480) | $(35,759) | $(6,492) |
| Calculation of net loss per share attributable to common stockholders of Corsair Gaming, Inc.: | ||||
| Net loss attributable to Corsair Gaming, Inc. | $(24,194) | $(4,480) | $(35,759) | $(6,492) |
| Change in redemption value of redeemable noncontrolling interest | (5,385) | 5,577 | (6,360) | 6,535 |
| Net income (loss) attributable to common stockholders of Corsair Gaming, Inc. | $(29,579) | $1,097 | $(42,119) | $43 |
| Net income (loss) per share attributable to common stockholders of Corsair Gaming, Inc.: | ||||
| Basic | $(0.28) | $0.01 | $(0.41) | $0.00 |
| Diluted | $(0.28) | $0.01 | $(0.41) | $0.00 |
| Weighted-average common shares outstanding: | ||||
| Basic | 103,956 | 102,304 | 103,760 | 101,996 |
| Diluted | 103,956 | 106,502 | 103,760 | 106,169 |
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