Turtle Beach Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	18.26	16.18	-17.68	-59.55	17.72	38.75
Depreciation & Amortization	12.6	11.39	4.84	5.82	5.31	5.25
Other Amortization	1.05	0.9	0.14	0.19	0.19	0.19
Loss (Gain) From Sale of Assets	-	-	-	-	-	0.04
Asset Writedown & Restructuring Costs	-	0.75	-	1.9	-	-
Stock-Based Compensation	7.03	6.17	11.98	7.98	7.66	5.55
Provision & Write-off of Bad Debts	-	-	-0	-0.02	0.47	0.22
Other Operating Activities	6.24	1.67	1.4	9.85	-1.44	6.85
Change in Accounts Receivable	14.62	-15.62	-5.76	-4.85	9.68	-1.76
Change in Inventory	5.47	-12.26	27.34	22.1	-32.24	-30.68
Change in Accounts Payable	-22.03	-4.02	1.77	-23.35	-2.79	18.67
Change in Income Taxes	-4.12	-0.16	-0.28	0.73	-5.57	4.18
Change in Other Net Operating Assets	-2.69	0.75	3.3	-2.65	0.68	3.79
Operating Cash Flow	36.44	5.76	27.04	-41.85	-0.33	51.05
Operating Cash Flow Growth	245.45%	-78.70%	-	-	-	29.65%
Capital Expenditures	-2.69	-4.91	-2.16	-3.55	-5.62	-5.66
Cash Acquisitions	2.52	-77.29	-	-	-2.5	-
Investing Cash Flow	-0.18	-82.21	-2.16	-3.55	-8.12	-5.66
Short-Term Debt Issued	-	346.91	210.21	91.95	120.86	323.59
Long-Term Debt Issued	-	50	-	-	-	-
Total Debt Issued	350.55	396.91	210.21	91.95	120.86	323.59
Short-Term Debt Repaid	-	-297.49	-229.26	-72.89	-120.86	-339.25
Long-Term Debt Repaid	-	-1.04	-	-	-	-
Total Debt Repaid	-367.1	-298.54	-229.26	-72.89	-120.86	-339.25
Net Debt Issued (Repaid)	-16.55	98.37	-19.05	19.05	-	-15.66
Issuance of Common Stock	2.25	3.36	2.26	0.65	5.29	8.57
Repurchase of Common Stock	-19.45	-27.78	-0.97	-	-5.35	-0.33
Other Financing Activities	-2.33	-2.9	-0.08	-	-	-
Financing Cash Flow	-36.09	71.05	-17.85	19.71	-0.06	-7.41
Foreign Exchange Rate Adjustments	-1.72	-0.34	0.29	-0.64	-0.46	0.46
Net Cash Flow	-1.55	-5.73	7.33	-26.32	-8.96	38.43
Free Cash Flow	33.74	0.85	24.89	-45.4	-5.95	45.39
Free Cash Flow Growth	387.63%	-96.60%	-	-	-	21.15%
Free Cash Flow Margin	9.72%	0.23%	9.64%	-18.90%	-1.62%	12.60%
Free Cash Flow Per Share	1.60	0.04	1.45	-2.76	-0.33	2.77
Cash Interest Paid	7.14	7.14	0.5	0.98	0.19	0.31
Cash Income Tax Paid	0.19	0.19	0.06	-2.38	6.56	8.04
Levered Free Cash Flow	18.33	-23.16	32.92	-22.59	-12.46	36.83
Unlevered Free Cash Flow	24	-19.02	33.09	-22.02	-12.41	36.93
Change in Working Capital	-8.75	-31.31	26.37	-8.01	-30.24	-5.79

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.