Filing Flows › Corsair Gaming (CRSR) › Q2 2025
Corsair Gaming (CRSR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Corsair Gaming (CRSR) reported revenue of $320M for the second quarter 2025 (Q2 2025), +23% from a year earlier and -13% from the quarter before. Operating margin was -5.3%, net loss $20.3M (6.3% of revenue).
Corsair Gaming, Q2 2025: revenue $320M (+22% year over year), operating margin -5.3%, net loss $20.3M, operating cash flow $30.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $320M | -13% | +23% |
| Operating profit | −$16.9M | — | — |
| Net earnings | −$20.3M | — | — |
| Operating cash flow | $30.2M | +61% | — |
| Free cash flow | $27.5M | +75% | — |
What changed
Revenue was $320.1M in Q2 2025, up 23% year over year and down 13% from the previous quarter. Gaming Components and Systems was the largest line at 68% of revenue. Gaming Components and Systems added $50.4M year over year (up 30%), 86% of the total change.
Gross margin was 26.8%, up 2.7 points from a year earlier. Operating costs exceeded revenue by $16.9M, an operating margin of -5.3%. Operating expenses grew 17% against revenue growth of 23%. The fastest-growing cost line was SG&A (+21%). The quarter ended with a net loss of $20.3M, wider than the previous quarter's $10.3M loss.
Operating cash flow was $30.2M. Non-cash charges added back $3.4M of depreciation and $9.3M of share-based compensation. Working capital and other items added $37.8M. Capital expenditures of $2.7M left free cash flow of $27.5M.
Questions
What was Corsair Gaming's revenue in the second quarter 2025?
Corsair Gaming (CRSR) reported revenue of $320M for the second quarter 2025 (Q2 2025), +23% from a year earlier and -13% from the quarter before.
Was Corsair Gaming profitable in the second quarter 2025?
Operating loss was $16.9M (-5.3% of revenue) and net loss $20.3M.
Source: Corsair Gaming 10-Q on SEC EDGAR.