Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $174M | $149M | $287M | $235M | $360M | $366M | $240M | $258M | $373M | $320M |
| Revenue growth | — | -14.3% | 92.7% | -18.4% | 53.5% | 1.7% | -34.4% | 7.5% | 44.4% | -14.2% |
| Gross profit | $42.6M | $51.0M | $109M | $78.7M | $134M | $128M | $49.2M | $75.5M | $129M | $119M |
| Gross margin | 24.5% | 34.2% | 37.8% | 33.5% | 37.2% | 35.0% | 20.5% | 29.3% | 34.6% | 37.3% |
| Operating income | -$77.7M | $4.80M | $54.0M | $10.4M | $49.2M | $20.4M | -$51.5M | -$16.4M | $20.0M | $27.5M |
| Operating margin | -44.7% | 3.2% | 18.8% | 4.4% | 13.7% | 5.6% | -21.4% | -6.4% | 5.4% | 8.6% |
| Net income | -$87.2M | -$3.25M | $39.2M | $17.9M | $38.7M | $17.7M | -$59.5M | -$17.7M | $16.2M | $15.7M |
| Net margin | -50.1% | -2.2% | 13.6% | 7.6% | 10.8% | 4.8% | -24.8% | -6.8% | 4.3% | 4.9% |
| EPS (diluted) | -$7.18 | -$0.26 | $2.74 | $1.04 | $2.37 | $0.97 | -$3.62 | -$1.03 | $0.78 | $0.77 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.83M | $3.42M | $42.2M | $39.4M | $51.0M | -$327K | -$41.8M | $27.0M | $5.76M | $35.5M |
| Capital expenditures | $3.23M | $4.41M | $5.08M | $1.91M | $5.66M | $5.62M | $3.55M | $2.16M | $4.91M | $1.42M |
| Free cash flow | -$5.06M | -$993K | $37.2M | $37.5M | $45.4M | -$5.95M | -$45.4M | $24.9M | $847K | $34.0M |
| Share buybacks | $0.00 | $0.00 | $246K | $2.52M | — | $4.88M | — | $974K | $27.8M | $19.0M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $6.18M | $5.25M | $7.08M | $8.25M | $46.7M | $37.7M | $11.4M | $18.7M | $13.0M | $17.0M |
| Total assets | $94.8M | $94.3M | $122M | $131M | $203M | $231M | $163M | $150M | $299M | $269M |
| Total liabilities | $115M | $116M | $84.4M | $68.0M | $87.1M | $89.1M | $74.4M | $64.9M | $178M | $141M |
| Long-term debt | $28.3M | $27.6M | $0.00 | — | — | — | — | — | $45.6M | $46.3M |
| Shareholders' equity | -$20.7M | -$22.2M | $37.5M | $63.4M | $116M | $141M | $88.9M | $85.1M | $121M | $128M |
| Retained earnings | -$167M | -$170M | -$131M | -$114M | -$74.8M | -$57.1M | -$117M | -$134M | -$118M | -$102M |
| Shares (wtd avg diluted) | 12.1M | 12.3M | 14.3M | 15.7M | 16.4M | 18.3M | 20.5M | 17.1M | 20.8M | 20.5M |
Every figure is extracted from Turtle Beach Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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