Saturday 17 October 2026 Export TBCH’s income statement to Excel — free account

Turtle Beach Corporation

Turtle Beach Corporation’s revenue for fiscal 2025 (year ended December 2025) was $319.9 million, down 14.2% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 171.4%, free cash flow grew 270.2% and total debt rose 34.5%, each against the same quarter a year earlier.

15.20 0.97 −6.00%

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Market cap: $289.6M
P/E: 0.0×
Fwd P/E: 17.7×
Dividend yield: —
F-score: 6/9
Altman Z: 2.59
Beneish M: −3.05
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 3.97

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	1	—	1	—	—	1	—	—

Insider Ownership 27.43%

Capital & Financial Ratios $m

Market Cap 289.60

Revenue 297.77

Net Income (3.19)

Free Cash Flow 32.25

Net Debt 61.12

Current Ratio 2.38

Debt/Equity 1.00

P/E ratio 0.00

Fwd P/E 17.70

P/S ratio 0.98

P/B ratio 3.61

Past 5Y EPS Growth (20.14%)

This Y EPS Growth (24.36%)

Next Y EPS Growth 85.06%

Next Y revenue growth 7.31%

Next 5Y EPS Growth 16.69%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 77.96%

10-year low 10-year high

P/B against its own 10 years 82.90%

10-year low 10-year high

EV/Sales against its own 10 years 88.20%

10-year low 10-year high

EV/FCF against its own 10 years 51.99%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	19	13	17	20
Receivables	54	93	77	38
Inventory	44	71	69	57
Other	—	—	—	—
	125	188	174	125

	2023	2024	2025	Q'26
Payables	27	35	25	28
ST’ Debt	—	51	38	4
Other	29	38	25	20
	56	124	88	53

Compound Annual Growth %

	10y	5y	3y
Sales	6.99%	(2.34%)	10.03%
Cash Flow	0.00%	(7.03%)	0.00%
Earnings	0.00%	(16.50%)	0.00%
Book Value	8.53%	2.00%	13.05%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	42	56	—	—	—
’25	64	57	80	119	320
’24	56	76	94	146	373
’23	51	48	59	100	258
’22	47	41	51	101	240
’21	93	79	85	109	366
’20	35	80	112	133	360

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	29	6	—	—	—
’25	40	(3)	(15)	13	35
’24	27	(13)	(23)	14	6
’23	29	(5)	(16)	19	27
’22	(13)	(28)	(28)	28	(42)
’21	21	(9)	(23)	10	0
’20	18	14	1	18	51

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	29	6	—	—	—
’25	40	(3)	(16)	13	34
’24	27	(14)	(25)	13	1
’23	28	(5)	(17)	19	25
’22	(14)	(28)	(29)	26	(45)
’21	19	(10)	(24)	9	(6)
’20	17	13	(1)	17	45

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.78)	(0.38)	—	—	—
’25	(0.03)	(0.14)	0.08	0.87	0.77
’24	0.01	(0.35)	0.16	0.95	0.78
’23	(0.40)	(0.93)	(0.21)	0.47	(1.03)
’22	(0.40)	(1.08)	(0.73)	(1.40)	(3.62)
’21	0.49	0.09	0.14	0.25	0.97
’20	(0.25)	0.51	1.04	0.93	2.37

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	3.32	1.68	1.64	7.90	4.05	19.62	6.22	6.17	9.77	8.78	Analyst estimates 2026–2028 Powerpack
	High	8.28	6.96	34.50	19.00	26.48	38.70	25.33	13.26	19.00	19.50
People
People	Employees	172	135	154	245	300	304	269	252	300	290
	Revenue/emp, $m	1.01	1.10	1.87	0.96	1.20	1.21	0.89	1.02	1.24	1.10
Income, $m
Income, $m	Revenue	174	149	287	235	360	366	240	258	373	320
	Gross margin, %	24.49	34.20	37.82	33.54	37.15	35.04	20.48	29.25	34.60	37.29
	EBT	(88)	(3)	41	12	52	20	(54)	(17)	11	17
	EBT margin, %	(50.33)	(1.78)	14.24	4.99	14.57	5.50	(22.67)	(6.72)	2.86	5.25
	Net income	(87)	(3)	39	18	39	18	(60)	(18)	16	16
	Depreciation	11	6	5	5	5	6	6	5	12	13
Per share, $
Per share, $	Revenue	14.32	12.09	21.27	16.20	24.33	23.02	14.60	15.06	18.62	15.79
	Earnings	(7.16)	(0.28)	2.90	1.24	2.62	1.11	(3.62)	(1.03)	0.81	0.78
	Cash flow	(0.15)	0.28	3.13	2.72	3.45	(0.02)	(2.54)	1.58	0.29	1.75
	Capex	(0.27)	(0.36)	(0.38)	(0.13)	(0.38)	(0.35)	(0.22)	(0.13)	(0.25)	(0.07)
	Free cash flow	(0.42)	(0.08)	2.75	2.59	3.07	(0.37)	(2.76)	1.45	0.04	1.68
	Book value	(1.70)	(1.80)	2.78	4.38	7.86	8.88	5.41	4.97	6.02	6.34
	Shares, m	12	12	14	14	15	16	16	17	20	20
Valuation, ×
Valuation, ×	P/E	0.00	0.00	5.16	7.62	8.35	19.88	0.00	0.00	20.61	17.32
	P/S	0.36	0.15	0.67	0.58	0.89	0.97	0.51	0.69	0.93	0.89
	P/B	0.00	0.00	5.14	2.16	2.74	2.51	1.37	2.09	2.87	2.21
	EV/Sales	0.71	0.58	0.87	0.62	0.77	0.89	0.57	0.69	1.15	1.10
	EV/FCF	(24.48)	(87.59)	6.70	3.89	6.13	(54.52)	(3.01)	7.18	507.52	10.33
Cash, $m
Cash, $m	Operating cash flow	(2)	3	42	39	51	0	(42)	27	6	35
	Capex	(3)	(4)	(5)	(2)	(6)	(6)	(4)	(2)	(5)	(1)
	Free cash flow	(5)	(1)	37	37	45	(6)	(45)	25	1	34
Balance, $m
Balance, $m	Working capital	20	19	40	38	91	115	71	69	65	86
	Total debt	67	70	37	17	6	8	27	—	96	84
	Net debt	61	65	30	9	(41)	(30)	15	(19)	83	67
	Shareholders’ equity	(21)	(22)	37	63	116	141	89	85	121	128
Returns, %
Returns, %	ROA	(65.24)	(3.44)	36.26	12.91	23.15	8.17	(30.23)	(11.28)	7.21	5.54
	ROIC	(121.42)	7.00	49.81	9.04	40.57	11.46	(30.90)	(15.49)	6.14	8.78
	ROE	(484.94)	15.16	510.99	32.40	43.10	13.75	(51.71)	(20.32)	15.74	12.63

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
LPL LG Display Co., Ltd.	$2.7B	— (loss-making)	1.4×	+0.45% (above 0%: growing)	n/m	+121.21% (above 0%: growing)	13.62%	(1.92%)	Compare
SONO Sonos, Inc.	$2.1B	36.1×	38.7×	+8.85% (above 0%: growing)	n/m	+23.26% (above 0%: growing)	50.45%	8.40%	Compare
TBCH Turtle Beach Corporation	$289.6M	— (loss-making)	17.7×	−0.73% (below 0%: shrinking)	n/m	+270.16% (above 0%: growing)	38.79%	(5.41%)
FXHO UTime Limited	$239.1M	— (loss-making)	—	+1.06% (above 0%: growing)	n/m	−341.47% (below 0%: shrinking)	23.95%	0.00%	Compare
GPRO GoPro, Inc.	$215.2M	— (loss-making)	— (loss-making)	−31.26% (below 0%: shrinking)	n/m	−242.66% (below 0%: shrinking)	30.17%	(37.15%)	Compare
VUZI Vuzix Corporation	$182.3M	— (loss-making)	— (loss-making)	−14.06% (below 0%: shrinking)	n/m	−23.09% (below 0%: shrinking)	(57.96%)	(696.34%)	Compare
UEIC Universal Electronics Inc.	$66.7M	— (loss-making)	— (loss-making)	−25.01% (below 0%: shrinking)	n/m	−22.84% (below 0%: shrinking)	35.37%	6.54%	Compare
AXIL AXIL Brands, Inc.	$37.5M	13.7×	—	−11.17% (below 0%: shrinking)	+20.00% (above 0%: growing)	+531.52% (above 0%: growing)	82.62%	7.18%	Compare
KOSS Koss Corporation	$35.4M	— (loss-making)	53.5×	+5.83% (above 0%: growing)	n/m	+288.26% (above 0%: growing)	60.98%	8.19%	Compare
Median of peers	$198.8M	—	38.7×	−5.36%	—	+0.21%	32.77%	3.27%

All 19 Consumer Electronics stocks →

Turtle Beach Corporation (TBCH) key facts

Concern: Turtle Beach Corporation’s revenue for fiscal 2025 (year ended December 2025) was $319.9 million, down 14.2% from fiscal 2024.
Turtle Beach Corporation (TBCH) is a Consumer Electronics company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, TBCH traded at $15.20, a market capitalization of $289.6 million.
Return on equity was 12.6% and debt-to-equity 1.00.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.59 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.