Filing Flows › Turtle Beach (TBCH) › Q3 2025
Turtle Beach (TBCH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Turtle Beach (TBCH) reported revenue of $80.5M for the third quarter 2025 (Q3 2025), -15% from a year earlier and 0% from the quarter before. Operating margin was 6.7%, net earnings $1.7M (2.1% of revenue).
Turtle Beach, Q3 2025: revenue $80.5M (-15% year over year), operating margin 6.7%, net earnings $1.7M, operating cash flow −$15.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $80.5M | 0% | -15% |
| Gross profit | $30.1M | +65% | -12% |
| Operating profit | $5.4M | — | -16% |
| Net earnings | $1.7M | — | -50% |
| Operating cash flow | −$15.2M | — | — |
What changed
Revenue was $80.5M in Q3 2025, down 15% year over year and roughly flat from the previous quarter.
Gross margin was 37.4%, up 1.2 points from a year earlier. Operating profit was $5.4M, a 6.7% margin (down 0.1 points year over year). Operating expenses fell 11% while revenue fell 15%. The fastest-growing cost line was General & admin (+19%). Net earnings were $1.7M, down 50% year over year. The effective tax rate was 12.9%.
Operating cash flow was −$15.2M. Non-cash charges added back $1.1M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $19.4M. Capital expenditures of $673K exceeded it, leaving free cash flow of −$15.9M.
Questions
What was Turtle Beach's revenue in the third quarter 2025?
Turtle Beach (TBCH) reported revenue of $80.5M for the third quarter 2025 (Q3 2025), -15% from a year earlier and 0% from the quarter before.
Was Turtle Beach profitable in the third quarter 2025?
Operating profit was $5.4M (6.7% of revenue) and net earnings $1.7M.
Source: Turtle Beach 10-Q on SEC EDGAR.