Turtle Beach Corporation (TBCH)

Turtle Beach Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	319.91	372.77	258.12	240.17	366.35
Revenue Growth (YoY)	-14.18%	44.41%	7.48%	-34.44%	1.74%
Cost of Revenue	200.63	243.78	182.62	190.98	237.97
Gross Profit	119.28	128.98	75.5	49.19	128.38
Selling, General & Admin	82.86	80.82	74.81	79.65	90.46
Research & Development	16.89	17.3	17.14	19.12	17.49
Other Operating Expenses	10.83	10.83	-	1.9	-
Total Operating Expenses	110.57	108.95	91.95	100.67	107.95
Operating Income	27.52	20.03	-16.44	-51.48	20.43
Interest Expense	-9.77	-8.07	-0.5	-1.22	-0.38
Other Non-Operating Income (Expense)	-0.95	-1.29	-0.39	-1.75	0.1
Total Non-Operating Income (Expense)	-10.72	-9.36	-0.9	-2.97	-0.28
Pretax Income	16.8	10.67	-17.34	-54.45	20.15
Provision for Income Taxes	1.07	-5.51	0.34	5.09	2.43
Net Income	15.73	16.18	-17.68	-59.55	17.72
Net Income to Common	15.73	16.18	-17.68	-59.55	17.72
Net Income Growth	-2.79%	-	-	-	-54.26%
Shares Outstanding (Basic)	20	20	17	16	16
Shares Outstanding (Diluted)	20	21	17	16	18
Shares Change (YoY)	-1.80%	21.58%	4.16%	-9.87%	11.53%
EPS (Basic)	0.78	0.81	-1.03	-3.62	1.11
EPS (Diluted)	0.77	0.78	-1.03	-3.62	0.97
EPS Growth	-1.28%	-	-	-	-59.07%
Free Cash Flow	34.04	0.85	24.89	-45.4	-5.95
Free Cash Flow Growth	3918.77%	-96.60%	-	-	-
Free Cash Flow Per Share	1.66	0.04	1.45	-2.76	-0.33
Gross Margin	37.29%	34.60%	29.25%	20.48%	35.04%
Operating Margin	8.60%	5.37%	-6.37%	-21.44%	5.58%
Profit Margin	4.92%	4.34%	-6.85%	-24.79%	4.84%
FCF Margin	10.64%	0.23%	9.64%	-18.90%	-1.62%
EBITDA	39.95	31.42	-11.6	-45.66	25.74
EBITDA Margin	12.49%	8.43%	-4.50%	-19.01%	7.03%
EBIT	27.52	20.03	-16.44	-51.48	20.43
EBIT Margin	8.60%	5.37%	-6.37%	-21.44%	5.58%
Effective Tax Rate	6.37%	-51.64%	-1.95%	-9.35%	12.05%

Updated Mar 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q