Pricing Log in Create free account
Friday 6 November 2026 Export TBCH’s income statement to Excel — free account

Turtle Beach Corporation

TBCH Technology Consumer Electronics

Turtle Beach Corporation’s revenue for fiscal 2025 (year ended December 2025) was $319.9 million, down 14.2% from fiscal 2024.

Revenue
+5.28%
EPS
+166.7%
Free cash flow
+53.8%
Total debt
−16.4%

Quarter to September 2026, against a year earlier

15.02 1.63 −9.79%
Market cap
$298.2M
P/E
0.0×
Fwd P/E
27.6×
Dividend yield
—
F-score
6/9
Altman Z
2.59
Beneish M
−3.05
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 3.97
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 1 — 1 — — 1 — — —
Insider Ownership 22.35%

Capital & Financial Ratios $m

Size
Market Cap 298.20
Revenue ttm 302.02
Net income ttm (0.52)
Free cash flow ttm 40.78
Net debt Q 64.48
Valuation
P/E 0.00
Forward P/E 27.60
Price / sales 0.98
Forward P/S Powerpack
Price / FCF 7.22
Price / book 3.41
Financial health
Current ratio Q 1.94 (at or above 1.5: strong)
Debt / equity Q 0.88
Interest coverage Q 2.17
Growth
Revenue growth Q +5.28% (above 0%: growing)
Operating income growth Q +9.65% (above 0%: growing)
EPS, this year −23.06% (below 0%: weak)
EPS, next year A +82.28% (at or above 15%: strong)
Revenue, next year A +7.31%
EPS, past 5 yrs −20.14% (below 0%: weak)
EPS, next 5 yrs A +16.69% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.2×, against a ten-year median of 0.8×; over the ten years it ranged from 0.4× in 2020 to 1.8× in 2018.
P/S against its own 10 years 77.30%
10-year low 10-year high
P/B against its own 10 years 77.11%
10-year low 10-year high
EV/Sales against its own 10 years 88.89%
10-year low 10-year high
EV/FCF against its own 10 years 38.17%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 19 13 17 11
Receivables 54 93 77 60
Inventory 44 71 69 80
Other — — — —
125 188 174 164
2023 2024 2025 Q'26
Payables 27 35 25 54
ST’ Debt — 51 38 —
Other 29 38 25 26
56 124 88 85

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%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate −0.30 Actual −0.36

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.15 0.08 Miss by 0.07
Q4 FY25 1.12 0.89 Miss by 0.23
Q1 FY26 −0.43 −0.78 Miss by 0.35
Q2 FY26 −0.30 −0.36 Miss by 0.06
Q3 FY26 0.26 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (0.78) (0.38) 0.24 — —
’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.

Revenue $m

Mar Jun Sep Dec Year
’26 42 56 85 — —
’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 (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 (7) — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 174 149 287 235 360 366 240 258 373 320 302 +7.0% 343 378 406 +8.3%
Gross margin, % 24.49 34.20 37.82 33.54 37.15 35.04 20.48 29.25 34.60 37.29 36.54 +12.8 pt
EBT (88) (3) 41 12 52 20 (54) (17) 11 17 0 n/m
EBT margin, % (50.33) (1.78) 14.24 4.99 14.57 5.50 (22.67) (6.72) 2.86 5.25 (0.12) +55.6 pt
Net income (87) (3) 39 18 39 18 (60) (18) 16 16 (1) n/m
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 16.85 +1.1%
Earnings (7.16) (0.28) 2.90 1.24 2.62 1.11 (3.62) (1.03) 0.81 0.78 (0.03) n/m
Cash flow (0.15) 0.28 3.13 2.72 3.45 (0.02) (2.54) 1.58 0.29 1.75 2.39 n/m
Capex (0.27) (0.36) (0.38) (0.13) (0.38) (0.35) (0.22) (0.13) (0.25) (0.07) (0.11) (13.8%)
Free cash flow (0.42) (0.08) 2.75 2.59 3.07 (0.37) (2.76) 1.45 0.04 1.68 2.27 n/m
Book value (1.70) (1.80) 2.78 4.38 7.86 8.88 5.41 4.97 6.02 6.34 4.82 n/m
Shares, m 12 12 14 14 15 16 16 17 20 20 19 +5.8%
Valuation, ×
Valuation, × P/E 0.00 0.00 5.16 7.62 8.35 19.88 0.00 0.00 20.61 17.32 0.00 7.9
P/S 0.36 0.15 0.67 0.58 0.89 0.97 0.51 0.69 0.93 0.89 0.98 0.7
P/B 0.00 0.00 5.14 2.16 2.74 2.51 1.37 2.09 2.87 2.21 3.41 2.1
EV/Sales 0.71 0.58 0.87 0.62 0.77 0.89 0.57 0.69 1.15 1.10 1.20 0.8
EV/FCF (24.48) (87.59) 6.70 3.89 6.13 (54.52) (3.01) 7.18 507.52 10.33 8.91 37.2
Cash, $m
Cash, $m Operating cash flow (2) 3 42 39 51 0 (42) 27 6 35 43 n/m
Capex (3) (4) (5) (2) (6) (6) (4) (2) (5) (1) (2) (8.7%)
Free cash flow (5) (1) 37 37 45 (6) (45) 25 1 34 41 n/m
Balance, $m
Balance, $m Working capital 20 19 40 38 91 115 71 69 65 86 79 +17.8%
Net debt 61 65 30 9 (41) (30) 15 (19) 83 67 64 +1.2%
Shareholders’ equity (21) (22) 37 63 116 141 89 85 121 128 86 n/m
Returns, %
Returns, % ROA (65.24) (3.44) 36.26 12.91 23.15 8.17 (30.23) (11.28) 7.21 5.54 (0.20) +70.8 pt
ROIC (121.42) 7.00 49.81 9.04 40.57 11.46 (30.90) (15.49) 6.14 8.78 4.03 +130.2 pt
ROE (484.94) 15.16 510.99 32.40 43.10 13.75 (51.71) (20.32) 15.74 12.63 (0.53) +497.6 pt
People
People Employees 172 135 154 245 300 304 269 252 300 290 — +6.0%
Revenue/emp, $m 1.01 1.10 1.87 0.96 1.20 1.21 0.89 1.02 1.24 1.10 — +1.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Turtle Beach Corporation vs peers in Consumer Electronics (Q) = latest quarter vs a year earlier

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. $2.5B — (loss-making) 1.4× +0.45% (above 0%: growing) n/m +121.21% (above 0%: growing) 13.62% (1.92%) Compare
SONO Sonos, Inc. $1.9B 34.1× 25.3× +8.85% (above 0%: growing) n/m +23.26% (above 0%: growing) 50.45% 8.40% Compare
TBCH Turtle Beach Corporation $298.2M — (loss-making) 27.6× +5.28% (above 0%: growing) +166.67% (above 0%: growing) +53.77% (above 0%: growing) 34.94% 6.95%
GPRO GoPro, Inc. $186.9M — (loss-making) — (loss-making) −31.26% (below 0%: shrinking) n/m −242.66% (below 0%: shrinking) 30.17% (37.15%) Compare
FXHO UTime Limited $156.0M — (loss-making) — +1.06% (above 0%: growing) n/m −341.47% (below 0%: shrinking) 23.95% 0.00% Compare
VUZI Vuzix Corporation $154.5M — (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. $62.6M — (loss-making) — (loss-making) −1.25% (below 0%: shrinking) n/m +13.81% (above 0%: growing) 26.34% 3.19% Compare
AXIL AXIL Brands, Inc. $35.4M 13.3× — −11.17% (below 0%: shrinking) +20.00% (above 0%: growing) +531.52% (above 0%: growing) 82.62% 7.18% Compare
KOSS Koss Corporation $28.7M — (loss-making) 53.5× −23.99% (below 0%: shrinking) n/m −227.85% (below 0%: shrinking) 39.49% (12.95%) Compare
Median of peers $155.2M — 25.3× −6.21% — −4.64% 28.26% (0.96%)

All 19 Consumer Electronics stocks →

Pay and ownership Proxy statement filed 21 April 2026

Ownership

Directors and executive officers, together 3.40%
DC VGA LLC 10.40%
Windward Management LP 8.50%
Albert Rabil 8.20%
Garnet Equity Capital Holdings, Inc. 8.20%
BlackRock, Inc. 6.60%
Hoak Public Equities, L.P. 5.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Turtle Beach Corporation (TBCH) Latest News

6 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · GuruFocus.com

5 Nov

Impact 3 · · GlobeNewswire

22 Oct

Impact 3 · · GlobeNewswire

7 Aug

Impact 3 · · MarketBeat transcript

6 Aug

Impact 3 ·
Impact 3 ·

30 Jul

Impact 3 ·

9 Jul

Impact 3 ·

15 May

Impact 4 · · Simply Wall St.

11 May

Impact 3 · · Simply Wall St.

9 May

Impact 4 · · MarketBeat

7 May

Impact 3 · · Zacks
Impact 3 · · GlobeNewswire

4 May

Impact 4 · · GlobeNewswire

30 Apr

Impact 3 · · Zacks

13 Mar

Impact 4 · · Moby

12 Mar

Impact 4 · · GuruFocus.com
Impact 4 · · The Motley Fool transcript
Impact 4 · · Zacks
Impact 4 · · Associated Press Finance
Impact 4 · · GlobeNewswire

25 Jan

Impact 3 · · Simply Wall St.

8 Jan

Impact 3 · · Simply Wall St.

22 Dec

Impact 4 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

6 Dec

Impact 3 · · Simply Wall St.Associated Press FinanceSimply Wall St.ZacksSimply Wall St.Simply Wall St.

21 Nov

Impact 4 · · Simply Wall St.

13 Nov

Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

8 Nov

Impact 3 · · Simply Wall St.

7 Nov

Impact 4 · · GuruFocus.com
stockrow.com/TBCH · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com