Thi La
On February 11, 2025, the Board appointed Thi La, the Company’s current President and Chief Operating Officer, to serve as Chief Executive Officer, effective July 1, 2025.
Highest-materiality recent filing
Corsair Q1 2026: GAAP EPS $0.11, non-GAAP $0.27; Adj EBITDA $35.8M (+58% YoY)
Revenue $354.5M (above guidance midpoint); gross profit $116.0M (+13% YoY); record gross margin 32.7%.
Corsair Q4/FY25 earnings beat: revenue up 6%/12%, adj. EBITDA $53.6M/$100.6M, $50M buyback
FY25 revenue $1,472.5M (+12% YoY); GAAP gross margin 28.9% (record); adj. EBITDA $100.6M (+84%) above guidance.
Corsair Gaming Q3 revenue up 14% to $345.8M; adjusted EBITDA more than doubles to $16.2M
Revenue $345.8M, +14% YoY; gross profit $93.1M, +34% YoY on improved product mix.
Corsair Q2 2025 revenue up 23% to $320M; non-GAAP EPS turns positive $0.01
Revenue $320M, up 23% YoY; gross profit $85.9M, up 36% YoY.
Corsair Gaming Q1 revenue $369.8M (+9.6% YoY); adj. EPS $0.11 vs $0.09
Net revenue $369.8M; Gamer Peripherals $112.0M (+4.7% YoY), Components & Systems $257.8M (+11.9%).
Corsair Gaming founder CEO Andy Paul to retire July 1, 2025; President Thi La appointed successor
Andy Paul to retire as CEO and board member effective July 1, 2025; retirement not due to any dispute.
Corsair Q4 revenue $413.6M, adjusted EPS $0.23; full year net loss $99.2M
Q4 net revenue $413.6M (-0.9% YoY); GAAP net income $1.3M ($0.01 diluted) vs $6.2M ($0.06) in Q4 2023.
Corsair Q3 revenue down 16% to $304M; net loss $58.4M; FY24 EBITDA guidance cut to $40-55M
Net revenue $304.2M, down 16.2% YoY; Gaming Components fell 26%, Peripherals grew 13%.
Corsair Gaming Q2 revenue falls 19.7% to $261.3M; net loss $29.6M; cuts ~100 jobs
Q2 2024 net revenue $261.3M (-19.7% YoY); net loss $29.6M (-$0.28 diluted EPS) vs net income $1.1M a year ago.
Preliminary unaudited Q2 2024 revenue ~$261M; full financial results and call scheduled for August 1.
Corsair Gaming Q1 revenue $337M (-5% YoY), net loss $0.12 EPS; Gamer segment grows 20%
Net revenue $337.3M, down 5% YoY from $354.0M; net loss -$12.5M (-$0.12 diluted EPS) vs -$1.1M loss a year ago.
Corsair Gaming Q4 revenue $417.3M (+4.7% YoY); full-year adj. EBITDA doubles to $95.1M
Q4 net revenue $417.3M (up from $398.7M YoY); GAAP EPS $0.06 vs $0.12; adjusted EPS $0.22 vs $0.20.
Corsair Gaming Q3 2023 revenue $363.2M (+16.5% YoY); raises FY2023 guidance
Net revenue $363.2M, up 16.5% YoY; gaming components $272.8M, peripherals $90.4M.
Corsair Q2 revenue beats at $325.4M (+14.6% YoY); reiterates FY2023 outlook
Net revenue $325.4M, up 14.6% YoY; gaming components segment $246.7M (+26.6%), peripherals $78.8M (-11.5%).
Corsair Q1 net revenue $354M, adjusted EPS $0.11, reiterates 2023 outlook
Net revenue $354M vs $380.7M YoY; gaming components up 7.5% to $265M, peripherals down 34% to $88.9M.
Corsair Gaming Q4 revenue $398.7M, down 22% YoY; full-year net loss $60.9M
Q4 net revenue $398.7M vs $510.6M in Q4 2021; net income $12.5M ($0.12 diluted EPS) vs $24.7M ($0.25) a year ago.
Minimum interest coverage ratio reduced to 2.50x for Q1–Q4 2023 (from 3.00x previously).
Corsair Gaming raises ~$73.6M in public offering of 4.5M shares at $16.50
Issued 4,545,455 shares of common stock at $16.50 per share; net proceeds of approximately $73.6M after underwriting discounts.
Corsair Gaming Q3 2022 revenue $311.8M (-20% YoY), net loss $0.09 per share
Net revenue $311.8M vs $391.1M in Q3 2021 (-20%) and $283.9M in Q2 2022.
Corsair Q2 revenue $283.9M, operating loss $55.0M, down sharply YoY
Net revenue of $283.9M, down 40% from $472.9M in Q2 2021; sequential decline from $380.7M in Q1 2022.
Corsair reports preliminary Q2 revenue ~$284M; adjusted EBITDA loss $10-11M
Preliminary unaudited revenue of approximately $284 million for Q2 2022.
Corsair Gaming Q1 2022: revenue $380.7M (-28% YoY), GAAP EPS -$0.05 vs $0.47
Net revenue $380.7M, down 28.1% YoY from $529.5M; comparable to pre-pandemic Q1 2020 up 23.4%.
Corsair Gaming reports preliminary Q1 revenue ~$380M, adj. EBITDA $14-15M; cites European slowdown
Preliminary unaudited revenue ~$380M for Q1 2022.
Corsair preliminary 2021 revenue ~$1.9B, 2022 guidance $1.9-2.1B, 2026 target $3.5B
Preliminary unaudited 2021 net revenue expected ~$1.9B, at high end of prior guidance ($1.825B-$1.925B).
Corsair Q3 net revenue falls 14.4% YoY to $391M; adjusted EPS $0.16 vs $0.54
Net income dropped to $1.8M ($0.02 diluted) from $36.4M ($0.40) a year ago.
Q3 2021 preliminary net revenue approximately $391 million, impacted by supply chain and GPU shortage.
Corsair Gaming enters new $350M credit facility, repays prior debt
New $250M term loan and $100M revolver with Bank of America, maturing September 2026.
Corsair Q2 revenue $472.9M (+24.3% YoY); adj. EPS $0.36; record quarter
Net revenue $472.9M, up 24.3% YoY; Gamer peripherals up 40.9% to $155.2M.
On February 11, 2025, the Board appointed Thi La, the Company’s current President and Chief Operating Officer, to serve as Chief Executive Officer, effective July 1, 2025.
On February 10, 2025, Andrew J. Paul notified Corsair Gaming, Inc. (the “Company”) of his retirement from his position as Chief Executive Officer and from the board of directors of the Company (the “Board”), effective July 1, 2025.
The Board of Directors of the Company appointed Michael G. Potter, the Company’s Chief Financial Officer and principal financial officer, as principal accounting officer, effective as of the Transition Date.
Mr. Lakritz will cease being principal accounting officer and Chief Accounting Officer effective as of September 26, 2022
On December 29, 2021, the Board of Directors (the “Board”) of Corsair Gaming, Inc. (the “Company”) appointed Thi La and Sarah Mears Kim to the Board, with both appointments effective as of December 29, 2021.
On December 29, 2021, the Board of Directors (the “Board”) of Corsair Gaming, Inc. (the “Company”) appointed Thi La and Sarah Mears Kim to the Board, with both appointments effective as of December 29, 2021.
Max materiality 0.85 · Median 0.68 · Most common event earnings