Turtle Beach CorpTBCHEarnings & Financial Report
The Turtle Beach Corporation is an American gaming accessory manufacturer based in San Diego, California. The company has roots dating back to the 1970s where it developed sound cards, MIDI synthesizers, and various audio software packages and network audio devices. The company began making gaming headsets in 2005.
Revenue
$80.5M
Gross Profit
$30.1M
Operating Profit
$5.4M
Net Profit
$1.7M
Gross Margin
37.4%
Operating Margin
6.7%
Net Margin
2.1%
YoY Growth
-14.7%
EPS
$0.08
Financial Flow
Turtle Beach Corp Q3 2025 Financial Summary
Turtle Beach Corp reported revenue of $80.5M (down 14.7% YoY) for Q3 2025, with a net profit of $1.7M (down 49.7% YoY) (2.1% margin). Cost of goods sold was $50.4M, operating expenses totaled $24.7M.
Key Financial Metrics
| Total Revenue | $80.5M |
|---|---|
| Net Profit | $1.7M |
| Gross Margin | 37.4% |
| Operating Margin | 6.7% |
| Report Period | Q3 2025 |
Turtle Beach Corp Annual Revenue by Year
Turtle Beach Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $319.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $319.9M |
| 2024 | $372.8M |
| 2023 | $258.1M |
| 2022 | $240.2M |
Turtle Beach Corp Quarterly Revenue & Net Profit History
Turtle Beach Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $95.1M | -34.9% | $17.6M | 18.5% |
| Q3 2025 | $80.5M | -14.7% | $1.7M | 2.1% |
| Q2 2025 | $80.5M | +5.2% | $-2.9M | -3.6% |
| Q1 2025 | $63.9M | +14.4% | $-664.0K | -1.0% |
| Q4 2024 | $146.1M | +46.8% | $20.1M | 13.8% |
| Q3 2024 | $94.4M | +59.5% | $3.4M | 3.6% |
| Q2 2024 | $76.5M | +59.4% | $-7.5M | -9.8% |
| Q1 2024 | $55.8M | +8.6% | $155.0K | 0.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $55.8M | $76.5M | $94.4M | $146.1M | $63.9M | $80.5M | $80.5M | $95.1M |
| YoY Growth | 8.6% | 59.4% | 59.5% | 46.8% | 14.4% | 5.2% | -14.7% | -34.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $258.4M | $264.4M | $313.2M | $298.9M | $247.0M | $240.2M | $278.2M | $269.1M |
| Liabilities | $133.2M | $159.1M | $211.4M | $178.3M | $126.2M | $123.3M | $167.6M | $140.6M |
| Equity | $125.2M | $105.3M | $101.8M | $120.6M | $120.9M | $116.8M | $110.7M | $128.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $27.3M | $-12.6M | $-23.2M | $14.3M | $40.5M | $-3.1M | $-15.2M | $13.3M |