Filing Flows › Corsair Gaming (CRSR) › Q3 2025
Corsair Gaming (CRSR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Corsair Gaming (CRSR) reported revenue of $346M for the third quarter 2025 (Q3 2025), +14% from a year earlier and +8% from the quarter before. Operating margin was -1.6%, net loss $10.4M (3.0% of revenue).
Corsair Gaming, Q3 2025: revenue $346M (+14% year over year), operating margin -1.6%, net loss $10.4M, operating cash flow −$37.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $346M | +8% | +14% |
| Operating profit | −$5.6M | — | — |
| Net earnings | −$10.4M | — | — |
| Operating cash flow | −$37.0M | -223% | — |
What changed
Revenue was $345.8M in Q3 2025, up 14% year over year and up 8% from the previous quarter. Gaming Components and Systems was the largest line at 67% of revenue. Gaming Components and Systems added $30.9M year over year (up 15%), 74% of the total change.
Gross margin was 26.9%, up 4.0 points from a year earlier. Operating costs exceeded revenue by $5.6M, an operating margin of -1.6%. Operating expenses grew 9% against revenue growth of 14%. The fastest-growing cost line was SG&A (+11%). The quarter ended with a net loss of $10.4M, narrower than the previous quarter's $20.3M loss.
Operating cash flow was −$37.0M. Non-cash charges added back $3.5M of depreciation and $5.2M of share-based compensation. Working capital and other items used $35.3M. Capital expenditures of $4.3M exceeded it, leaving free cash flow of −$41.3M.
Questions
What was Corsair Gaming's revenue in the third quarter 2025?
Corsair Gaming (CRSR) reported revenue of $346M for the third quarter 2025 (Q3 2025), +14% from a year earlier and +8% from the quarter before.
Was Corsair Gaming profitable in the third quarter 2025?
Operating loss was $5.6M (-1.6% of revenue) and net loss $10.4M.
Source: Corsair Gaming 10-Q on SEC EDGAR.