Turtle Beach Corporation (TBCH)

Turtle Beach Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	372.77	258.12	240.17	366.35	360.09
Revenue Growth (YoY)	44.41%	7.48%	-34.44%	1.74%	53.45%
Cost of Revenue	238.3	182.62	190.98	237.97	226.31
Gross Profit	134.46	75.5	49.19	128.38	133.79
Selling, General & Admin	80.82	74.81	79.65	90.38	71.81
Research & Development	17.3	17.14	19.12	17.49	12.27
Operating Expenses	98.12	91.95	98.77	107.87	84.07
Operating Income	36.34	-16.44	-49.58	20.51	49.72
Interest Expense	-8.07	-0.5	-1.22	-0.38	-0.47
Other Non Operating Income (Expenses)	-1.29	-0.39	-1.75	-1.83	0.93
EBT Excluding Unusual Items	26.99	-17.34	-52.56	18.3	50.18
Merger & Restructuring Charges	-12.92	-	-	-0.08	-0.55
Impairment of Goodwill	-	-	-1.1	-	-
Asset Writedown	-	-	-0.8	-	-
Other Unusual Items	-3.4	-	-	1.93	2.82
Pretax Income	10.67	-17.34	-54.45	20.15	52.46
Income Tax Expense	-5.51	0.34	5.09	2.43	13.71
Net Income	16.18	-17.68	-59.55	17.72	38.75
Net Income to Common	16.18	-17.68	-59.55	17.72	38.75
Net Income Growth	-	-	-	-54.26%	115.93%
Shares Outstanding (Basic)	20	17	16	16	15
Shares Outstanding (Diluted)	21	17	16	18	16
Shares Change (YoY)	21.58%	4.16%	-9.87%	11.53%	4.32%
EPS (Basic)	0.81	-1.03	-3.62	1.11	2.62
EPS (Diluted)	0.78	-1.03	-3.62	0.97	2.37
EPS Growth	-	-	-	-59.07%	127.50%
Free Cash Flow	0.85	24.89	-45.4	-5.95	45.39
Free Cash Flow Per Share	0.04	1.45	-2.76	-0.33	2.77
Gross Margin	36.07%	29.25%	20.48%	35.04%	37.15%
Operating Margin	9.75%	-6.37%	-20.65%	5.60%	13.81%
Profit Margin	4.34%	-6.85%	-24.79%	4.84%	10.76%
Free Cash Flow Margin	0.23%	9.64%	-18.90%	-1.62%	12.60%
EBITDA	47.73	-11.6	-43.77	25.82	54.97
EBITDA Margin	12.80%	-4.50%	-18.22%	7.05%	15.26%
D&A For EBITDA	11.39	4.84	5.82	5.31	5.25
EBIT	36.34	-16.44	-49.58	20.51	49.72
EBIT Margin	9.75%	-6.37%	-20.65%	5.60%	13.81%
Effective Tax Rate	-	-	-	12.05%	26.14%
Advertising Expenses	3.8	3.9	4.9	9.7	8.5

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q