Filing Flows › Turtle Beach (TBCH) › Q4 2025
Turtle Beach (TBCH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
Turtle Beach (TBCH) reported revenue of $119M for the fourth quarter 2025 (Q4 2025), -19% from a year earlier and +48% from the quarter before. Operating margin was 17.6%, net earnings $17.6M (14.8% of revenue).
Turtle Beach, Q4 2025: revenue $119M (-19% year over year), operating margin 17.6%, net earnings $17.6M, operating cash flow $13.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $119M | +48% | -19% |
| Gross profit | $47.6M | +58% | -12% |
| Operating profit | $20.9M | +290% | -11% |
| Net earnings | $17.6M | +926% | -13% |
| Operating cash flow | $13.3M | — | -7% |
| Free cash flow | $13.1M | — | +2% |
What changed
Revenue was $118.8M in Q4 2025, down 19% year over year and up 48% from the previous quarter.
Gross margin was 40.1%, up 3.1 points from a year earlier. Operating profit was $20.9M, a 17.6% margin (up 1.6 points year over year). Operating expenses fell 13% while revenue fell 19%. Net earnings were $17.6M, down 13% year over year. The effective tax rate was 6.2%.
Operating cash flow was $13.3M (down 7% year over year), 76% of net earnings. Non-cash charges added back $1.1M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $7.3M. Capital expenditures of $250K left free cash flow of $13.1M.
Questions
What was Turtle Beach's revenue in the fourth quarter 2025?
Turtle Beach (TBCH) reported revenue of $119M for the fourth quarter 2025 (Q4 2025), -19% from a year earlier and +48% from the quarter before.
Was Turtle Beach profitable in the fourth quarter 2025?
Operating profit was $20.9M (17.6% of revenue) and net earnings $17.6M.
Source: Turtle Beach 10-K on SEC EDGAR.