Turtle Beach Corp (TBCH) Financial Statements
Industry: Communications Equipment (Other)
In fiscal 2025, Turtle Beach reported revenue of $319.9M, down 14.2% from $372.8M the year before. Net income was $15.7M (a 4.9% net margin), or $0.77 per diluted share. Gross margin was 37.3% and operating margin was 8.6%. Operating activities generated $35.5M of cash, leaving $34.0M of free cash flow. At fiscal year end, Turtle Beach held $269.1M in total assets against $140.6M in total liabilities, including $17.0M of cash and equivalents.
Open the full interactive Turtle Beach financials → Quarterly statements, key ratios, valuation history and price charts.
Turtle Beach Key Stats
| Share Price | $14.53 |
|---|---|
| Market Cap | $278.7M |
| P/E Ratio | 18.9 |
| Revenue YoY Growth | -14.2% |
| 52-Week Range | $10.14 – $17.09 |
| Shares Outstanding | 19.2 million (basic, 2026 Q2) |
Turtle Beach Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $360.1M | $366.4M | $240.2M | $258.1M | $372.8M | $319.9M |
| Gross Profit | $133.8M | $128.4M | $49.2M | $75.5M | $129.0M | $119.3M |
| Operating Income | $49.2M | $20.4M | -$51.5M | -$16.4M | $20.0M | $27.5M |
| Pre-Tax Income | $52.5M | $20.1M | -$54.5M | -$17.3M | $10.7M | $16.8M |
| Income Tax | $13.7M | $2.4M | $5.1M | $338,000 | -$5.5M | $1.1M |
| Net Income | $38.7M | $17.7M | -$59.5M | -$17.7M | $16.2M | $15.7M |
| Diluted EPS | $2.37 | $0.97 | -$3.62 | -$1.03 | $0.78 | $0.77 |
Turtle Beach Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $80.5M | $118.8M | $42.2M | $56.4M |
| Net Income | $1.7M | $17.6M | -$15.2M | -$7.3M |
| Diluted EPS | $0.08 | $0.86 | -$0.78 | -$0.38 |
Turtle Beach Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $46.7M | $37.7M | $11.4M | $18.7M | $13.0M | $17.0M |
| Current Assets | $170.0M | $193.1M | $135.2M | $124.9M | $188.4M | $173.8M |
| Total Assets | $203.5M | $230.5M | $163.4M | $150.0M | $298.9M | $269.1M |
| Current Liabilities | $78.7M | $78.2M | $64.3M | $56.3M | $123.7M | $87.7M |
| Total Long-Term Debt | — | — | — | — | $49.0M | $54.9M |
| Total Liabilities | $87.1M | $89.1M | $74.4M | $64.9M | $178.3M | $140.6M |
| Shareholders' Equity | $116.4M | $141.4M | $88.9M | $85.1M | $120.6M | $128.5M |
Turtle Beach Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $51.0M | -$327,000 | -$41.8M | $27.0M | $5.8M | $35.5M |
| Cash From Investing | -$5.7M | -$8.1M | -$3.5M | -$2.2M | -$82.2M | $1.1M |
| Cash From Financing | -$7.4M | -$56,000 | $19.7M | -$17.8M | $71.1M | -$32.6M |
| Free Cash Flow | $45.4M | -$5.9M | -$45.4M | $24.9M | $847,000 | $34.0M |
Figures from Turtle Beach's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Turtle Beach financials page for every line item.
Turtle Beach Company Profile
| Ticker | TBCH |
|---|---|
| Exchange | Nasdaq |
| Industry | Communications Equipment (Other) |
| Headquarters | San Diego, California |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001493761 |
Frequently Asked Questions
What was Turtle Beach's revenue in fiscal 2025?
Turtle Beach (TBCH) reported revenue of $319.9M for fiscal 2025.
What is Turtle Beach's annual revenue history?
Turtle Beach's annual revenue by fiscal year: 2020: $360.1M; 2021: $366.4M; 2022: $240.2M; 2023: $258.1M; 2024: $372.8M; 2025: $319.9M.
What was Turtle Beach's net income in fiscal 2025?
Turtle Beach reported net income of $15.7M for fiscal 2025.
What was Turtle Beach's earnings per share (EPS) in fiscal 2025?
Turtle Beach's diluted EPS was $0.77 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Turtle Beach generate in fiscal 2025?
Turtle Beach generated $34.0M of free cash flow in fiscal 2025.
What was Turtle Beach's revenue last quarter?
In its most recent reported quarter (2026 Q2), Turtle Beach reported revenue of $56.4M.
How much debt does Turtle Beach have?
Turtle Beach reported $54.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Turtle Beach are outstanding?
Turtle Beach reported a weighted average of 19.2 million basic shares outstanding in 2026 Q2.
What is Turtle Beach's market cap?
Based on its latest closing price, Turtle Beach (TBCH) has a market capitalization of about $278.7M.
When does Turtle Beach's fiscal year end?
Turtle Beach's fiscal year end, as registered with the SEC, is December 31.
Where is Turtle Beach headquartered?
Turtle Beach lists its business address in San Diego, California in its SEC filings.