Filing Flows › Turtle Beach (TBCH) › Q2 2025
Turtle Beach (TBCH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Turtle Beach (TBCH) reported revenue of $56.8M for the second quarter 2025 (Q2 2025), -26% from a year earlier and -11% from the quarter before. Operating margin was -0.6%, net loss $2.9M (5.2% of revenue).
Turtle Beach, Q2 2025: revenue $56.8M (-26% year over year), operating margin -0.6%, net loss $2.9M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $56.8M | -11% | -26% |
| Operating profit | −$329K | -121% | — |
| Net earnings | −$2.9M | — | — |
| Operating cash flow | −$3.1M | -108% | — |
What changed
Revenue was $56.8M in Q2 2025, down 26% year over year and down 11% from the previous quarter.
Gross margin was 32.2%, up 2.0 points from a year earlier. Operating costs exceeded revenue by $329K, an operating margin of -0.6%. Operating expenses fell 32% while revenue fell 26%. The quarter ended with a net loss of $2.9M, wider than the previous quarter's $664K loss. Net interest and other expense of $2.8M was the main reason.
Operating cash flow was −$3.1M. Non-cash charges added back $1.1M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $2.3M. Capital expenditures of $330K exceeded it, leaving free cash flow of −$3.5M.
Questions
What was Turtle Beach's revenue in the second quarter 2025?
Turtle Beach (TBCH) reported revenue of $56.8M for the second quarter 2025 (Q2 2025), -26% from a year earlier and -11% from the quarter before.
Was Turtle Beach profitable in the second quarter 2025?
Operating loss was $329K (-0.6% of revenue) and net loss $2.9M.
Source: Turtle Beach 10-Q on SEC EDGAR.