Filing Flows › Turtle Beach (TBCH) › Q1 2025
Turtle Beach (TBCH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Turtle Beach (TBCH) reported revenue of $63.9M for the first quarter 2025 (Q1 2025), +14% from a year earlier and -56% from the quarter before. Operating margin was 2.4%, net loss $664K (1.0% of revenue).
Turtle Beach, Q1 2025: revenue $63.9M (+14% year over year), operating margin 2.4%, net loss $664K, operating cash flow $40.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $63.9M | -56% | +14% |
| Operating profit | $1.5M | — | — |
| Net earnings | −$664K | — | — |
| Operating cash flow | $40.5M | +183% | +48% |
| Free cash flow | $40.3M | +215% | +52% |
What changed
Revenue was $63.9M in Q1 2025, up 14% year over year and down 56% from the previous quarter.
Gross margin was 36.6%, up 4.7 points from a year earlier. Operating profit was $1.5M, a 2.4% margin (up 12.6 points year over year). Operating expenses fell 7% while revenue rose 14%. The quarter ended with a net loss of $664K, after a profit of $20.1M the previous quarter. Net interest and other expense of $2.3M was the main reason.
Operating cash flow was $40.5M (up 48% year over year). Non-cash charges added back $1.1M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $38.1M. Capital expenditures of $166K left free cash flow of $40.3M.
Questions
What was Turtle Beach's revenue in the first quarter 2025?
Turtle Beach (TBCH) reported revenue of $63.9M for the first quarter 2025 (Q1 2025), +14% from a year earlier and -56% from the quarter before.
Was Turtle Beach profitable in the first quarter 2025?
Operating profit was $1.5M (2.4% of revenue) and net loss $664K.
Source: Turtle Beach 10-Q on SEC EDGAR.