Filing Flows

Filing Flows › Technology › Turtle Beach (TBCH)

Turtle Beach (TBCH) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Turtle Beach (TBCH) Q3 2026 earnings results →

Q3 2026 Revenue up 5% year over year to $84.7M · 5¢ of every $1 of revenue kept as net profit · operating margin 6.9%

Turtle Beach made $84.7M in Q3 2026 (+5% Y/Y). Operating margin 6.9%, net earnings $4.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$84.7M
Year over year+5%
Operating margin6.9%
Net earnings$4.4M
Operating cash flow−$6.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $84.7M in Q3 2026, up 5% year over year and up 50% from the previous quarter.

Gross margin was 34.9%, down 2.4 points from Q3 2025. Operating profit was $5.9M, a 6.9% margin (up 0.3 points year over year). Of the extra revenue versus Q3 2025, 12% reached operating profit, above the 7% margin then. Operating expenses fell 4% while revenue rose 5%. Net earnings were $4.4M, up 155% year over year. The effective tax rate was -47.9%.

Operating cash flow was −$6.4M. Non-cash charges added back $700K of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $12.5M. Capital expenditures of $919K exceeded it, leaving free cash flow of −$7.3M.

Quarterly history

Turtle Beach revenue by quarterTurtle Beach revenue by quarter$63.9MQ1 2025$56.8MQ2 2025$80.5MQ3 2025$119MQ4 2025$42.2MQ1 2026$56.4MQ2 2026$84.7MQ3 2026
Turtle Beach net earnings by quarterTurtle Beach net earnings by quarter−$664KQ1 2025−$2.9MQ2 2025$1.7MQ3 2025$17.6MQ4 2025−$15.2MQ1 2026−$7.3MQ2 2026$4.4MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$84.7M+5%6.9%$4.4M−$6.4M
Q2 202610-QAug 6, 2026$56.4M-0.7%-5.4%−$7.3M$6.5M
Q1 202610-QMay 7, 2026$42.2M-34%-33.3%−$15.2M$29.4M
Q4 202510-KMar 12, 2026$119M-19%17.6%$17.6M$13.3M
Q3 202510-QNov 6, 2025$80.5M-15%6.7%$1.7M−$15.2M
Q2 202510-QAug 7, 2025$56.8M-26%-0.6%−$2.9M−$3.1M
Q1 202510-QMay 8, 2025$63.9M+14%2.4%−$664K$40.5M

Charts

Turtle Beach: revenue growth, year over year and quarter over quarterTurtle Beach: revenue growth, year over year and quarter over quarterY/YQ/Q+14%Q1 2025-26%-11%Q2 2025-15%+42%Q3 2025-19%+48%Q4 2025-34%-64%Q1 2026-1%+34%Q2 2026+5%+50%Q3 2026
Latest (Q3 2026): Y/Y +5%, Q/Q +50%.
Turtle Beach: where the cash came from (+) and went (−), TTM to Q3 2026Turtle Beach: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$42.8MBuybacks−$29.1MNet borrowing (+) / repaid (−)−$11.0MCapital spending−$2.0MOther financing−$1.9MCash drawn (+) / kept (−)$1.1MShares issued$505KExchange rates−$271K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Turtle Beach: profit against cash, quarter by quarterTurtle Beach: profit against cash, quarter by quarterNet incomeOperating cash flow$20.1M$14.3MQ4 2024−$664K$40.5MQ1 2025−$2.9M−$3.1MQ2 2025$1.7M−$15.2MQ3 2025$17.6M$13.3MQ4 2025−$15.2M$29.4MQ1 2026−$7.3M$6.5MQ2 2026$4.4M−$6.4MQ3 2026
Latest (Q3 2026): Net income $4.4M, Operating cash flow −$6.4M.
Turtle Beach: diluted shares by fiscal yearTurtle Beach: diluted shares by fiscal year16MFY202018MFY202120MFY202217MFY202321MFY202420MFY2025
+25.0% since FY2020: more shares outstanding (issuance, stock pay).
Turtle Beach: long-term debt falling due (FY2024)Turtle Beach: long-term debt falling due (FY2024)$1.2M2025$2.3M2026$45.4M2027
Cash $13.0M, short-term investments —, long-term debt $49.0M at 2024-12-31.
Turtle Beach in its industry: growth against margin (12 companies, SIC 3669)Turtle Beach in its industry: growth against margin (12 companies, SIC 3669)revenue growth, year over year →↑ operating marginmedian +6%median 3%LITEESEAIOTNSSCINSGREKRTRCKKSCPAMPGRSKIAASNSTBCH (+5%, 7%)
Communications Equipment, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

Customers and suppliers named in filings

Sells to

About Turtle Beach

Turtle Beach Corporation (the “Company”) ( corp.turtlebeach.com ) is one of the world’s leading gaming accessory providers. The Company’s namesake Turtle Beach brand ( www.turtlebeach.com ) is known for designing best-selling gaming headsets, top-rated game controllers, award-winning PC gaming peripherals, and groundbreaking gaming simulation accessories. Turtle Beach’s top-rated, fan-favorite Victrix brand is well-respected and favored by pro gamers in esports and the fighting game community. Innovation, first-to-market features, a broad range of products for all types of gamers, and top-rated customer support have made Turtle Beach a fan-favorite brand and the market leader in console gaming audio for over a decade. Turtle Beach’s shares are traded on the Nasdaq Exchange under the symbol: TBCH.

In its own words, from its 8-K, filed Aug 6, 2026.

Turtle Beach against its Communications Equipment, NEC peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +5%. Operating margin: 6.9% against the peers' median 2.8%.

CompanyQuarterRevenueY/YOp. margin
TBCH Turtle BeachQ3 2026$84.7M+5%6.9%
LITE Lumentum HoldingsQ1 FY27$1.3B+136%28.5%
ESE ESCO TechnologiesQ3 FY26$339M+14%12.1%
AIOT PowerfleetQ1 FY27$111M+6%0.2%
NSSC Napco Security TechnologiesQ1 FY27$50.0M+2%28.2%
INSG InseegoQ3 2026$33.3M-28%-21.6%
REKR Rekor SystemsQ2 2026$12.7M+2%1.8%
TRCK Track GroupQ3 FY26$9.1M-0.1%2.8%
KSCP KnightscopeQ2 2026$9.0M+228%-145.1%

Source: Turtle Beach 10-Q on SEC EDGAR · CIK 1493761 · Communications Equipment, NEC

Guidance and outlook

Turtle Beach: what its forward-looking statements are about (10-Q filed 2026-11-05)Turtle Beach: what its forward-looking statements are about (10-Q filed 2026-11-05)Other2Financing2Margins1
5 statements; tone -0.40 (−1 all cautious, +1 all confident); 0 hedged.
Turtle Beach: outlook statements against the filing beforeTurtle Beach: outlook statements against the filing beforeCautious2

13F: who owns TBCH and who is buying

Largest holders of TBCH (13F)Largest holders of TBCH (13F)Windward Management LP$20.0MGarnet Equity Capital Holdings$18.8MBlackRock$14.6MMorgan Stanley$14.6MVanguard Group$14.1MShay Capital LLC$9.9MVanguard Capital Management LLC$7.6MDimensional Fund Advisors LP$6.6MGoldman Sachs Group$6.4MAmeriprise Financial$6.1M
Funds' net buying of TBCH by quarter (13F)Funds' net buying of TBCH by quarter (13F)−$705K2024-09$672K2024-12$5.7M2025-03−$1.8M2025-06$2.8M2025-09$474K2025-12−$924K2026-03$10.3M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on TBCH

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

Compare TBCH with

中文版:Turtle Beach(TBCH)财报

Español · Français