Turtle Beach Corporation Common Stock (TBCH)

FairStock Score: 49/100 — MIXED

Key Financials

AI Analysis

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

Turtle Beach is a small consumer-electronics company selling gaming headsets and accessories. I look for durable competitive advantages; here I see a recognizable brand but little evidence of a wide moat, because the products are discretionary and competition is intense. The numbers are volatile: in FY2025, the period ended 2025-12-31, revenue was $319.9M and net income was $15.7M, or $0.77 per diluted share. That followed FY2024, period ended 2024-12-31, with revenue $372.8M and net income $16.2M, or $0.78 per diluted share, and FY2023, period ended 2023-12-31, with a net loss of $17.7M, or -$1.03 per diluted share. So FairStock's TURNAROUND label—returned to profit after a loss within the last three years—is reasonable, but a turnaround is not the same as a moat. Recent filings are concerning. In fiscal Q1 2026, quarter ended 2026-03-31, revenue was $42.2M and net loss was $15.2M, or -$0.78 per diluted share. In fiscal Q2 2026, quarter ended 2026-06-30, revenue was $56.4M and net loss was $7.3M, or -$0.38 per diluted share. That is a sharp swing from FY2025 profitability. Financial health is mixed. FairStock calculations show trailing free cash flow of $32.3M and a 12.4% FCF yield, which is attractive if sustainable. But FairStock's Altman Z-Score is 0.97, debt-to-equity is 1.06, and the Piotroski F-Score is 6/9. At the 2026-10-13 close of $14.53, FairStock's P/E is -66.05, P/B is 2.54, and EV/EBITDA is 15.14. That does not look statistically cheap on earnings, though cash flow offers support. I would need evidence that losses are temporary and free cash flow persists before calling this a Graham-style bargain. FairStock Score 49/100 captures the middling picture.

In plain English: Turtle Beach makes gaming headsets, controllers, and other accessories. The business has moved between losses and profits, and its latest reported quarters show losses again after a profitable fiscal 2025, so it looks financially uneven. At $14.53, the price is not clearly cheap based on current earnings, though 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