Turtle Beach Q4 net income $17.6M; FY2026 revenue guidance $335-355M

Turtle Beach Corp

Q4 net revenue $118.8M; gross margin 40.1% (+310 bps YoY); net income $17.6M; adjusted EBITDA $28.1M.
FY2025 net revenue $319.9M; net income $15.7M; adjusted EBITDA $40.1M; gross margin 37.3% (+270 bps YoY).
FY2026 guidance: net revenue $335-355M (5-11% growth); adjusted EBITDA $44-48M (10-20% growth).
Repurchased 1.35M shares for $19M in 2025 ($14.09 avg); $58M remaining under buyback program.
Net debt $68.1M as of Dec 31, 2025; expects Q1 cash collection to reduce debt substantially.

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