Corsair Gaming Inc. Common Stock (CRSR)

FairStock Score: 58/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Corsair as a branded computer-hardware business, not a software compounder. It sells gaming peripherals, components, and systems, and its brand matters to enthusiasts, but hardware is competitive, and returns tell the truth. In fiscal Q2 2026, the quarter ended 2026-06-30, it earned $8.8M on $314.3M of revenue; in fiscal Q1 2026, ended 2026-03-31, it earned $12.8M on $354.5M. Those are encouraging turns, especially against fiscal Q3 2025's $10.6M loss and fiscal Q2 2025's $20.9M loss. Still, filed full-year figures show losses: fiscal 2025 lost $16.2M, fiscal 2024 lost $85.2M, and fiscal 2023 lost $2.6M. FairStock's Lynch category is none because it lost money in each of the last four years. Revenue growth of -4.12% is not a growth story. Financial health is mixed: debt/equity is 0.27, TTM free cash flow is $89.7M, and FairStock's FCF yield is 5.8%, but FairStock calculations show ROE of only 5.85% and ROCE of 1.43%, suggesting weak profitability. At the 2026-10-13 close of $14.32, FairStock calculations put P/E at 46.19, P/B at 2.33, EV/EBITDA at 15.41, and the Graham Number at $6.55, leaving a negative margin of safety of -118.63%. FairStock's Piotroski is 6/9 and Altman is 2.23. PEG of 0.21 looks cheap only because profit growth of 222.23% is rebounding from losses. I would need durable positive earnings, better returns on capital, and a price closer to intrinsic value before calling this a value opportunity.

In plain English: Corsair sells gaming keyboards, mice, headsets, components, and systems. It lost money in recent full years, but the last two reported quarters showed small profits and the business still produces positive cash flow after running costs. At $14.32, the shares look expensive compared with recent profits and the company's net assets, though the cash generation gives some support.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer