Saturday 17 October 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. 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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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 5.16 | 7.62 | 8.35 | 19.88 | 0.00 | 0.00 | 20.61 | 17.32 |
Piotroski F-Score |
2 | 5 | 8 | 4 | 7 | 2 | 1 | 7 | 5 | 6 |
P/S ratio |
0.36 | 0.15 | 0.67 | 0.58 | 0.89 | 0.97 | 0.51 | 0.69 | 0.93 | 0.89 |
Altman Z-Score |
(2.75) | (0.42) | 4.08 | 2.39 | 4.79 | 4.52 | 0.90 | 2.39 | 2.34 | 2.59 |
P/FCF ratio |
0.00 | 0.00 | 5.19 | 3.65 | 7.03 | 0.00 | 0.00 | 7.13 | 409.19 | 8.35 |
Altman Z″-Score (non-manufacturers) |
(10.07) | (4.40) | 2.09 | 0.59 | 4.77 | 4.73 | (0.34) | 0.72 | 1.29 | 2.51 |
Beneish M-Score |
(7.34) | (3.09) | (2.18) | 0.38 | (2.66) | (2.25) | (2.27) | (3.74) | (1.34) | (3.05) |
P/Operating CF |
(12.77) | (3.74) | (173.86) | 11.34 | 17.32 | 35.60 | 4.39 | 9.29 | 24.21 | 21.32 |
P/B ratio |
0.00 | 0.00 | 5.14 | 2.16 | 2.74 | 2.51 | 1.37 | 2.09 | 2.87 | 2.21 |
Price to Tangible BV |
0.00 | 0.00 | 5.29 | 2.80 | 3.09 | 2.84 | 1.60 | 2.44 | 13.72 | 6.50 |
EV/Sales |
0.71 | 0.58 | 0.87 | 0.62 | 0.77 | 0.89 | 0.57 | 0.69 | 1.15 | 1.10 |
EV/EBITDA |
0.00 | 8.04 | 4.19 | 9.20 | 5.10 | 12.51 | 0.00 | 0.00 | 13.30 | 8.59 |
EV/Operating CF |
(67.68) | 25.45 | 5.89 | 3.70 | 5.45 | (991.76) | (3.26) | 6.61 | 74.62 | 9.92 |
EV/FCF |
(24.48) | (87.59) | 6.70 | 3.89 | 6.13 | (54.52) | (3.01) | 7.18 | 507.52 | 10.33 |
Quick Ratio |
0.91 | 0.83 | 0.81 | 0.82 | 1.15 | 0.94 | 0.85 | 1.30 | 0.86 | 1.07 |
Current Ratio |
1.30 | 1.28 | 1.55 | 1.59 | 2.16 | 2.47 | 2.10 | 2.22 | 1.52 | 1.98 |
Net Debt/EBITDA |
(0.90) | 6.01 | 0.51 | 0.55 | (0.74) | (1.16) | (0.33) | 1.63 | 2.58 | 1.65 |
Debt/Assets |
70.54% | 74.55% | 30.66% | 12.89% | 2.96% | 3.37% | 16.27% | 0.00% | 32.22% | 31.33% |
Debt/Equity |
(3.23) | (3.17) | 1.00 | 0.27 | 0.05 | 0.05 | 0.30 | 0.00 | 0.80 | 0.66 |
Asset Turnover |
1.30 | 1.58 | 2.66 | 1.85 | 2.15 | 1.69 | 1.22 | 1.65 | 1.66 | 1.13 |
Operating CF/Net income |
0.02 | (1.05) | 1.08 | 2.41 | 1.32 | (0.02) | 0.70 | (1.53) | 0.36 | 2.25 |
Capex/Depreciation |
(0.31) | (0.73) | (0.95) | (0.35) | (1.04) | (1.02) | (0.59) | (0.43) | (0.40) | (0.11) |
Interest Coverage |
(10.43) | 0.61 | 10.13 | 11.22 | 105.28 | 53.34 | (42.20) | (32.62) | 2.48 | 2.82 |
| (484.94%) | 15.16% | 510.99% | 32.40% | 43.10% | 13.75% | (51.71%) | (20.32%) | 15.74% | 12.63% | |
| (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% |
Return on Tangible Assets |
(362.46%) | (13.59%) | 85.06% | 38.99% | 39.58% | 14.54% | (77.12%) | (24.10%) | 22.94% | 17.65% |
Average Days of Receivables |
114.62 | 123.68 | 67.04 | 69.26 | 44.46 | 35.82 | 65.86 | 76.91 | 91.18 | 87.62 |
Research and Development Expense of Revenue |
4.75% | 3.75% | 1.95% | 3.35% | 3.41% | 4.77% | 7.96% | 6.64% | 4.64% | 5.28% |
Selling, General and Administrative Expense of Revenue |
27.68% | 26.88% | 17.06% | 25.75% | 20.09% | 24.69% | 33.16% | 28.98% | 21.68% | 25.90% |
Intangible Assets out of Total Assets |
0.02 | 0.01 | 0.01 | 0.11 | 0.07 | 0.07 | 0.08 | 0.08 | 0.32 | 0.32 |
Share Based Compensation of Revenue |
2.28% | 0.96% | 0.65% | 1.52% | 1.54% | 2.09% | 3.32% | 4.64% | 1.66% | 1.93% |
Graham Net Nets |
(0.46) | (1.35) | 0.15 | 0.25 | 0.26 | 0.29 | 0.50 | 0.34 | 0.03 | 0.12 |
Graham Number |
16.52 | 3.11 | 13.14 | 11.05 | 21.37 | 14.96 | 0.00 | 0.00 | 10.67 | 10.75 |
Earnings Yield |
(136.92%) | (13.48%) | 19.39% | 13.12% | 11.97% | 5.03% | (48.92%) | (10.14%) | 4.85% | 5.77% |
Free Cash Flow Yield |
(8.01%) | (4.52%) | 19.28% | 27.37% | 14.23% | (1.68%) | (37.39%) | 14.02% | 0.24% | 11.97% |
Revenue per Share |
14.32 | 12.09 | 21.27 | 16.20 | 24.33 | 23.02 | 14.60 | 15.06 | 18.62 | 15.79 |
Operating CF per Share |
(0.15) | 0.28 | 3.13 | 2.72 | 3.45 | (0.02) | (2.54) | 1.58 | 0.29 | 1.75 |
Capex per Share |
(0.27) | (0.36) | (0.38) | (0.13) | (0.38) | (0.35) | (0.22) | (0.13) | (0.25) | (0.07) |
Free Cash Flow per Share |
(0.42) | (0.08) | 2.75 | 2.59 | 3.07 | (0.37) | (2.76) | 1.45 | 0.04 | 1.68 |
Cash per Share |
0.51 | 0.43 | 0.52 | 0.57 | 3.15 | 2.37 | 0.69 | 1.09 | 0.65 | 0.84 |
Shareholders Equity per Share |
(1.70) | (1.80) | 2.78 | 4.38 | 7.86 | 8.88 | 5.41 | 4.97 | 6.02 | 6.34 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
(1.70) | (1.80) | 2.78 | 4.38 | 7.86 | 8.88 | 5.41 | 4.97 | 6.02 | 6.34 |
Free Cash Flow |
(5.06) | (0.99) | 37.17 | 37.46 | 45.39 | (5.95) | (45.39) | 24.89 | 0.85 | 34.04 |
Working Capital |
19.74 | 19.22 | 40.22 | 37.96 | 91.33 | 114.94 | 70.85 | 68.52 | 64.70 | 86.14 |
Capital Expenditures |
(3.23) | (4.41) | (5.08) | (1.91) | (5.66) | (5.62) | (3.55) | (2.16) | (4.91) | (1.42) |
Net Current Asset Value |
(28.86) | (29.64) | 29.39 | 34.58 | 82.92 | 103.98 | 60.73 | 59.97 | 10.11 | 33.26 |
EV/EBIT |
0.00 | 18.13 | 4.61 | 13.96 | 5.66 | 15.87 | 0.00 | 0.00 | 21.46 | 12.78 |
Capex to Sales |
0.02 | 0.03 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 |
Price to Operating Income |
0.00 | 4.58 | 3.57 | 13.13 | 6.49 | 17.34 | 0.00 | 0.00 | 17.30 | 10.33 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
2.44 | 1.29 | 0.91 | 1.36 | 0.83 | 0.79 | 0.94 | 1.03 | 2.10 | 4.47 |
Cash ROIC |
(9.66%) | (1.86%) | 45.35% | 42.30% | 26.84% | (3.18%) | (35.77%) | 23.97% | 0.37% | 14.82% |
Accounts Receivable Turnover |
3.11 | 2.84 | 5.56 | 4.82 | 8.15 | 9.18 | 6.06 | 5.28 | 5.05 | 3.77 |
Accounts Payable Turnover |
8.87 | 7.73 | 11.46 | 7.75 | 6.96 | 5.73 | 6.33 | 7.81 | 7.90 | 6.71 |
Inventory Turnover |
5.49 | 3.99 | 4.64 | 3.28 | 3.87 | 2.75 | 2.21 | 3.17 | 4.23 | 2.86 |
Average Days of Payables |
33.14 | 50.06 | 36.19 | 52.69 | 68.59 | 62.08 | 37.93 | 53.78 | 52.16 | 45.36 |
Days of Inventory on Hand |
60.29 | 102.35 | 101.03 | 106.99 | 115.00 | 156.34 | 136.18 | 87.98 | 106.68 | 125.93 |
Average Receivables |
55.91 | 52.58 | 51.67 | 48.66 | 44.20 | 39.91 | 39.64 | 48.86 | 73.75 | 84.96 |
Average Payables |
14.80 | 12.69 | 15.59 | 20.12 | 32.52 | 41.50 | 30.16 | 23.38 | 30.87 | 29.89 |
Average Inventory |
23.92 | 24.61 | 38.50 | 47.59 | 58.51 | 86.62 | 86.59 | 57.64 | 57.64 | 70.24 |
Average Assets |
133.63 | 94.53 | 108.09 | 126.64 | 167.40 | 216.98 | 196.95 | 156.68 | 224.41 | 283.96 |
Average Common Equity |
17.98 | (21.43) | 7.67 | 50.44 | 89.89 | 128.88 | 115.16 | 87.01 | 102.84 | 124.55 |
Columns are period end dates