Corsair Gaming, Inc.
CRSR Technology Computer Hardware
Corsair Gaming, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 11.9% from fiscal 2024. In the quarter to June 2026, revenue fell 1.80%, EPS grew 153.3%, free cash flow grew 162.3% and total debt fell 4.92%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Corsair Gaming, Inc. (CRSR) Altman Z-score
Corsair Gaming, Inc.'s Altman Z-score for fiscal 2025 is 1.93, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.93 | 0.19 |
| FY2024 | 1.74 | (0.94) |
| FY2023 | 2.68 | 0.27 |
| FY2022 | 2.40 | (1.23) |
| FY2021 | 3.63 | (0.37) |
| FY2020 | 4.00 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.19 | — | 0.22 | |
| Retained earnings / total assets | (0.06) | — | −0.08 | |
| EBIT / total assets | 0.00 | — | 0.01 | |
| Market value of equity / total liabilities | 1.02 | — | 0.61 | |
| Sales / total assets | 1.17 | — | 1.17 | |
| Altman Z-score | Grey zone | 1.93 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.13 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| QBTS D-Wave Quantum Inc. compare | 78.6× |
| RGTI Rigetti Computing, Inc. compare | 33.0× |
| UMAC Unusual Machines, Inc. compare | 25.8× |
| CRCT Cricut, Inc. compare | 5.0× |
| CRSR Corsair Gaming, Inc. | 1.9× |
| SSYS Stratasys, Ltd. compare | −0.6× |
| DDD 3D Systems Corporation compare | −2.4× |
| QMCO Quantum Corporation compare | −8.7× |
| QUBT Quantum Computing Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets