Corsair Gaming, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
CRSR$12.27+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net loss | $(14,965) | $(83,394) | $(1,037) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Stock-based compensation | 33,112 | 30,591 | 30,873 |
| Depreciation | 13,962 | 13,449 | 12,210 |
| Amortization | 40,228 | 38,448 | 38,488 |
| Bargain purchase gain on business acquisition | 2,581 | (2,581) | — |
| Deferred income taxes, net of valuation allowance | (6,513) | 11,416 | (6,332) |
| Other | 4,373 | 5,661 | 4,263 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (17,719) | 32,285 | (17,686) |
| Inventories | (51,697) | 18,315 | (39,470) |
| Prepaid expenses and other assets | 8,994 | 5,897 | 1,902 |
| Accounts payable | 5,538 | (39,507) | 62,150 |
| Other liabilities and accrued expenses | 32,227 | 5,297 | 3,792 |
| Net cash provided by operating activities | 50,121 | 35,877 | 89,153 |
| Cash flows from investing activities: | |||
| Acquisition of businesses, net of cash acquired | — | (43,131) | (14,220) |
| Purchase of property and equipment | (15,374) | (9,849) | (12,761) |
| Purchase of intangible asset | — | (100) | — |
| Purchase price adjustment related to business acquisition | — | 1,041 | — |
| Payment of bridge loan origination costs related to business acquisition | — | (666) | — |
| Net cash used in investing activities | (15,374) | (52,705) | (26,981) |
| Cash flows from financing activities: | |||
| Repayment of debt and debt issuance costs | (52,815) | (25,000) | (41,000) |
| Borrowings from line of credit | 45,000 | 25,000 | — |
| Repayment of line of credit | (45,000) | (25,000) | — |
| Purchase of additional ownership interest | — | (19,750) | — |
| Payment of other offering costs | — | — | (497) |
| Proceeds from issuance of shares through employee equity incentive plans | 5,643 | 5,377 | 7,449 |
| Payment of taxes related to net share settlement of equity awards | (1,208) | (573) | (1,409) |
| Dividend paid to noncontrolling interest | (494) | (5,792) | (980) |
| Payment of deferred and contingent consideration | — | (4,942) | (950) |
| Net cash used in financing activities | (48,874) | (50,680) | (37,387) |
| Effect of exchange rate changes on cash | 3,329 | (1,425) | (281) |
| Net increase (decrease) in cash and restricted cash | (10,798) | (68,933) | 24,504 |
| Cash and restricted cash at the beginning of the year | 109,631 | 178,564 | 154,060 |
| Cash and restricted cash at the end of the year | $98,833 | $109,631 | $178,564 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | $8,839 | $12,793 | $16,772 |
| Cash paid for income taxes, net | 10,136 | 5,100 | 7,375 |
| Supplemental disclosure of non-cash investing and financing activities: | |||
| Equipment purchased and unpaid at period end | $2,526 | $2,493 | $1,420 |
| Purchase consideration related to business acquisition | — | 592 | — |
| Receivable for business acquisition purchase price adjustment | — | — | 1,041 |
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