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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%
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 (at or above 1.5: strong)
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%) (below 0%: weak)
This Y EPS Growth (24.36%) (below 0%: weak)
Next Y EPS Growth 85.06% (at or above 15%: strong)
Next Y revenue growth 7.31%
Next 5Y EPS Growth 16.69% (at or above 15%: strong)

Green and red mark values outside typical ranges. 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 77.96%
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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. $2.7B — (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.

Turtle Beach Corporation (TBCH) Latest News

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stockrow.com/TBCH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com