Corsair Gaming Inc
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 6, 2024
CRSR$12.27+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except per share amounts)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net revenue | $304,199 | $363,193 | $902,756 | $1,042,589 |
| Cost of revenue | 234,538 | 273,840 | 683,371 | 785,000 |
| Gross profit | 69,661 | 89,353 | 219,385 | 257,589 |
| Operating expenses: | ||||
| Sales, general and administrative | 74,072 | 74,000 | 224,677 | 211,482 |
| Product development | 16,533 | 16,111 | 50,585 | 48,542 |
| Total operating expenses | 90,605 | 90,111 | 275,262 | 260,024 |
| Operating loss | (20,944) | (758) | (55,877) | (2,435) |
| Other (expense) income: | ||||
| Interest expense | (3,011) | (4,271) | (10,138) | (13,069) |
| Interest income | 297 | 1,742 | 3,020 | 5,194 |
| Other income (expense), net | (910) | 304 | (1,887) | (1,326) |
| Total other expense, net | (3,624) | (2,225) | (9,005) | (9,201) |
| Loss before income taxes | (24,568) | (2,983) | (64,882) | (11,636) |
| Income tax benefit (expense) | (27,018) | 97 | (21,240) | 3,023 |
| Net loss | (51,586) | (2,886) | (86,122) | (8,613) |
| Less: Net income attributable to noncontrolling interest | 122 | 193 | 1,345 | 958 |
| Net loss attributable to Corsair Gaming, Inc. | $(51,708) | $(3,079) | $(87,467) | $(9,571) |
| Calculation of net loss per share attributable to common stockholders of Corsair Gaming, Inc.: | ||||
| Net loss attributable to Corsair Gaming, Inc. | $(51,708) | $(3,079) | $(87,467) | $(9,571) |
| Change in redemption value of redeemable noncontrolling interest | (6,684) | — | (13,044) | 6,535 |
| Net loss attributable to common stockholders of Corsair Gaming, Inc. | $(58,392) | $(3,079) | $(100,511) | $(3,036) |
| Net loss per share attributable to common stockholders of Corsair Gaming, Inc.: | ||||
| Basic | $(0.56) | $(0.03) | $(0.97) | $(0.03) |
| Diluted | $(0.56) | $(0.03) | $(0.97) | $(0.03) |
| Weighted-average common shares outstanding: | ||||
| Basic | 104,397 | 102,863 | 103,974 | 102,288 |
| Diluted | 104,397 | 102,863 | 103,974 | 102,288 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.