Filing Flows › Corsair Gaming (CRSR) › Q4 2025
Corsair Gaming (CRSR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Corsair Gaming (CRSR) reported revenue of $437M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and +26% from the quarter before. Operating margin was 6.2%, net earnings $25.8M (5.9% of revenue).
Corsair Gaming, Q4 2025: revenue $437M (+6% year over year), operating margin 6.2%, net earnings $25.8M, operating cash flow $38.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $437M | +26% | +6% |
| Gross profit | $145M | +55% | +34% |
| Operating profit | $26.9M | — | +354% |
| Net earnings | $25.8M | — | 11× |
| Operating cash flow | $38.2M | — | -31% |
| Free cash flow | $32.9M | — | -39% |
What changed
Revenue was $436.9M in Q4 2025, up 6% year over year and up 26% from the previous quarter. Gaming Components and Systems was the largest line at 62% of revenue.
Gross margin was 33.1%, up 6.9 points from a year earlier. Operating profit was $26.9M, a 6.2% margin (up 4.7 points year over year). Of the extra revenue versus a year earlier, 90% reached operating profit, above the 1% margin then. Operating expenses grew 15% against revenue growth of 6%. The fastest-growing cost line was SG&A (+18%). Net earnings were $25.8M, up 1028% year over year. The effective tax rate was -3.8%.
Operating cash flow was $38.2M (down 31% year over year), 147% of net earnings. Non-cash charges added back $44.0M of depreciation and amortization and $9.3M of share-based compensation. Working capital and other items used $41.1M. Capital expenditures of $5.2M left free cash flow of $32.9M.
Questions
What was Corsair Gaming's revenue in the fourth quarter 2025?
Corsair Gaming (CRSR) reported revenue of $437M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and +26% from the quarter before.
Was Corsair Gaming profitable in the fourth quarter 2025?
Operating profit was $26.9M (6.2% of revenue) and net earnings $25.8M.
Source: Corsair Gaming 10-K on SEC EDGAR.