Turtle Beach Q1 net loss $15.2M, generates $29.4M cash from ops; reaffirms FY guidance

Turtle Beach Corp

2026-Q1 EPS reported -$0.78 revenue$42,172,000

Q1 net revenue $42.2M, gross margin 26.8%, net loss ($15.2M), adjusted EBITDA ($6.5M).
Operating cash flow $29.4M; net debt $41.3M after paying off $53.6M revolver to zero.
Reaffirmed FY2026 guidance: net revenue $335-355M (5-11% YoY growth), adjusted EBITDA $44-48M.
Refinanced debt on May 4: new $80M ABL (BofA) and $85M term loan (Blue Torch), replacing prior $150M facility.
Share repurchase program has $56M remaining under $75M authorization; $50M repurchased since 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Turtle Beach Corp reported first quarter ended March 31, 2026 results: revenue $42.2 million, net income Net Loss of ($15.2) million. Guidance reaffirmed.

Period: first quarter ended March 31, 2026
Revenue: $42.2 million
Net income: Net Loss of ($15.2) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

results for the first quarter ended March 31, 2026 and reaffirmed full year 2026 guidance for net revenue and adjusted EBITDA. First Quarter Highlights • Net Revenue of $42.2 million. • Gross Margins of 26.8%. • Net Loss of ($15.2) million. • Adjusted EBITDA of ($6.5) million. • Generated cash flow from operations of $29.4 million. • Enhanced financial

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Source: SEC EDGAR

accession 0001193125-26-211979

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