Highest-materiality recent filing
Mark Weinswig steps down as CFO effective June 15, 2026; search for permanent successor underway.
Turtle Beach Q1 net loss $15.2M, generates $29.4M cash from ops; reaffirms FY guidance
Q1 net revenue $42.2M, gross margin 26.8%, net loss ($15.2M), adjusted EBITDA ($6.5M).
Turtle Beach closes $85M term loan and $80M ABL; $56M buyback capacity remains
New $85M term loan from Blue Torch Capital, SOFR + 6.75%-7.50%, matures April 2029.
Turtle Beach expands board, names William Wyatt Chairman under Donerail deal
Board expands from 6 to 8 members; Donerail Group to select two new independent directors.
Turtle Beach Q4 net income $17.6M; FY2026 revenue guidance $335-355M
Q4 net revenue $118.8M; gross margin 40.1% (+310 bps YoY); net income $17.6M; adjusted EBITDA $28.1M.
Turtle Beach Q3 net rev $80.5M, net income $1.7M, adj EBITDA $11.0M, reiterates FY guidance
Net revenue $80.5M; gross margin 37.4% (+120 bps YoY); net income $1.7M; adjusted EBITDA $11.0M.
Turtle Beach repurchases $10M in shares; Donerail acquires additional $10M stake
Company repurchased 694,926 shares at $14.41/share from Diversis Capital for ~$10M, to be held in treasury.
Turtle Beach Q2 revenue $56.8M, gross margin up 200bps; refinances debt, $75M buyback
Net revenue $56.8M; gross margin 32.2% (+200bps YoY); net loss $2.9M vs $7.5M prior year.
Turtle Beach enters $150M credit facility ($60M term loan + $90M revolver), matures Aug 2028
New $150M credit facility includes a $60M term loan and a $90M revolving credit facility, maturing August 1, 2028.
Turtle Beach secures waiver for up to $5M in share repurchases, pays down $5M debt
Amendment No. 2 allows share repurchases up to $5 million before June 30, 2025.
Turtle Beach adopts one-year stockholder rights plan with 10% trigger, record date June 23, 2025
Rights plan expires June 9, 2026; not adopted in response to any specific takeover bid.
On May 16, 2026, Mark Weinswig informed the Company of his intent to resign as Chief Financial Officer of the Company, effective as of June 15, 2026.
Effective as of June 15, 2026, Andrew Clipsham, the Company’s Senior Finance Director, EMEA & ANZ, will serve as the Company’s Interim Chief Financial Officer and as the Company’s principal financial officer and principal accounting officer.
Max materiality 0.75 · Median 0.60 · Most common event leadership