NASDAQ · Financial Statements

Turtle Beach Corporation (TBCH) Financial Statements

$16.46 NASDAQ: TBCH Market Cap $294.79M

Turtle Beach Corporation most recently reported annual revenue of $320.0M, net profit of $16.0M. Revenue declined at an average annual rate of 2.3% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Turtle Beach Corporation: Revenue rose from $174.0M in 2016 to $320.0M in 2025, a change of +83.9% over 9 years; net profit was positive in 6 of 10 reported years; operating margin moved from -44.7% to 6.1%, a shift of +50.8 percentage points; the most recent year shows net profit of $16.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$174.0M$149.0M$287.0M$235.0M$360.0M$366.0M$240.0M$258.0M$373.0M$320.0M
Operating Expenses$252.0M$144.0M$233.0M$224.0M$311.0M$346.0M$292.0M$275.0M$353.0M$300.0M
Operating Profit$-78.0M$5.0M$54.0M$10.0M$49.0M$20.0M$-51.0M$-16.0M$20.0M$20.0M
Operating Margin-44.7%3.2%18.8%4.4%13.7%5.6%-21.4%-6.4%5.4%6.1%
Other Income$-10.0M$-7.0M$-13.0M$1.0M$3.0M$0$-3.0M$-1.0M$-9.0M$-3.0M
Interest$7.0M$8.0M$5.0M$1.0M$0$0$1.0M$1.0M$8.0M$10.0M
Depreciation$9.0M$4.0M$4.0M$5.0M$5.0M$5.0M$6.0M$5.0M$11.0M$12.0M
Profit Before Tax$-88.0M$-3.0M$41.0M$12.0M$52.0M$20.0M$-54.0M$-17.0M$11.0M$17.0M
Tax$440,000$-22.3M$4.2M$-53.3M$26.1M$12.1M$-9.3M$-1.9M$-51.6M$6.4M
Net Profit$-87.0M$-3.0M$39.0M$18.0M$39.0M$18.0M$-60.0M$-18.0M$16.0M$16.0M
EPS$-7.18$-0.26$2.74$1.04$2.37$0.97$-3.62$-1.03$0.78$0.77
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$59.0M$100.0M$56.0M$76.0M$94.0M$146.0M$64.0M$57.0M$80.0M$119.0M$42.0M$56.0M
Operating Expenses$62.0M$91.0M$62.0M$81.0M$88.0M$123.0M$62.0M$63.0M$75.0M$97.0M$56.0M$59.0M
Operating Profit$-3.0M$8.0M$-6.0M$-4.0M$6.0M$23.0M$2.0M$-6.0M$5.0M$21.0M$-14.0M$-3.0M
Operating Margin-4.3%8.4%-10.2%-5.4%6.8%16.0%2.4%-10.9%6.7%17.9%-32.8%-5.4%
Interest$0$0$0$2.0M$3.0M$3.0M$2.0M$2.0M$4.0M$2.0M$1.0M$4.0M
Profit Before Tax$-3.0M$9.0M$-6.0M$-7.0M$3.0M$20.0M$-1.0M$-3.0M$2.0M$19.0M$-15.0M$-7.0M
Tax$-16.1M$-460,000$102.5M$-12.6M$1.3M$-50,000$14.1M$7.7M$12.9M$6.2M$800,000$-7.7M
Net Profit$-4.0M$9.0M$0$-8.0M$3.0M$20.0M$-1.0M$-3.0M$2.0M$18.0M$-15.0M$-7.0M
EPS$-0.21$0.50$0.01$-0.35$0.16$0.95$-0.03$-0.14$0.08$0.87$-0.78$-0.38

Over the 10 years reported for Turtle Beach Corporation, cash stood at $17.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.98 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets————$203.0M$231.0M$163.0M$150.0M$299.0M$269.0M
Current Assets————$170.0M$193.0M$135.0M$125.0M$188.0M$174.0M
Cash————$47.0M$38.0M$11.0M$19.0M$13.0M$17.0M
Inventory————$71.0M$102.0M$71.0M$44.0M$71.0M$69.0M
Receivables————$44.0M$36.0M$43.0M$54.0M$93.0M$77.0M
Fixed Assets————$7.0M$7.0M$6.0M$5.0M$6.0M$3.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$0$0$0
Other Assets————$8.0M$11.0M$11.0M$11.0M$53.0M$50.0M
Total Liabilities————$87.0M$89.0M$74.0M$65.0M$178.0M$141.0M
Current Liabilities————$79.0M$78.0M$64.0M$56.0M$124.0M$88.0M
Borrowings$0$0$0$0$0$0$19.0M$0$105.0M$84.0M
Other Liabilities————$87.0M$89.0M$55.0M$65.0M$73.0M$56.0M
Equity————$0$0$0$0$0$0
Reserves————$116.0M$141.0M$89.0M$85.0M$121.0M$128.0M

For Turtle Beach Corporation, operating cash flow was positive in 4 of 10 reported years; free cash flow in the latest year was $34.0M; free cash flow was positive in 4 of 10 years; financing activities used $19.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow————$51.0M$0$-42.0M$27.0M$6.0M$35.0M
Investing Cash Flow————$-11.0M$-14.0M$-7.0M$-4.0M$-87.0M$0
Financing Cash Flow————$4.0M$0$0$1.0M$-27.0M$-19.0M
Net Cash Flow————$38.0M$-9.0M$-26.0M$7.0M$-6.0M$4.0M
Free Cash Flow$0$0$0$0$45.0M$-6.0M$-45.0M$25.0M$1.0M$34.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.64
EV / EBITDA15.96
FCF Yield11.62%
Quick Ratio1.30
Interest Coverage0.91
Return 1Y-16.41%
Return 3Y17.44%
Return 5Y-55.20%

Turtle Beach Corporation (TBCH) financials — frequently asked questions

What is Turtle Beach Corporation's annual revenue?

Turtle Beach Corporation (TBCH) reported annual revenue of $320.0M in its most recent fiscal year.

What is Turtle Beach Corporation's net profit?

Turtle Beach Corporation (TBCH) reported net profit of $16.0M in its most recent fiscal year.

What is TBCH EV/EBITDA?

Turtle Beach Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is 15.96.

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