Milpitas, Calif. – Corsair Gaming, Inc. (Nasdaq: CRSR) has announced financial results for the first quarter ended March 31, 2025.
The company met revenue and earnings targets, reflecting strong execution across the business.
Key highlights from the announcement include:
- Net revenue was $369.8 million compared to $337.3 million in the first quarter of 2024.
- Gamer and Creator Peripherals segment net revenue was $112.0 million.
- Gaming Components and Systems segment net revenue was $257.8 million.
- Net loss attributable to common shareholders was $10.1 million, or net loss of $0.10 per diluted share.
- Adjusted net income was $12.3 million, or net income of $0.11 per diluted share.
- Adjusted EBITDA was $22.6 million.
- Cash and restricted cash was $102.5 million as of March 31, 2025.
“We met our revenue and earnings targets for Q1, reflecting strong execution across the business, with continued growth in the Gamer and Creator Peripherals segment and a rebound in growth in the Gaming Components and Systems segment,” said Andy Paul, Chief Executive Officer of Corsair.
The report provided above is based on Corsair’s current estimates and is not a guarantee of future performance.
Recent developments:
- Power supplies designed for NVIDIA high power GPU cards – With dual 12V-2×6 cables and fully modular cabling, Corsair’s HXi Series platinum power supplies have every connection needed to power today’s most demanding PC upgrades, including the latest, most powerful GPUs, the NVIDIA® RTX 50 series and AMD® 9070 series graphics cards. A new dual-color connector provides visual confirmation of a secure connection, offering additional peace of mind for PC builders.
- Expanded Custom labs platform – Corsair’s innovative platform empowers gamers to personalize gaming peripherals to create a setup that reflects their unique style and preferences. This includes recent expanded options with the award-winning Call of Duty and Starfield franchises across multiple product categories at Corsair including Drop, Elgato, ORIGIN PC and SCUF Gaming.
- Porsche launches with Fanatec – The officially licensed CSL Elite Steering Wheel Porsche Vision GT features an intuitive input layout, premium materials and exceptional craftsmanship. Suitable for the full range of Fanatec bases. This is the first steering wheel to use Fanatec’s new Tactaris material, a premium microfiber fabric that enhances durability, comfort, and handling.
Corsair hosted a conference call to discuss the first quarter 2025 financial results today at 2:00 p.m. Pacific Time.
Corsair Gaming (Nasdaq: CRSR) is a leading global developer and manufacturer of high-performance products and technology for gamers, content creators, and PC enthusiasts.
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