Corsair Gaming Inc (CRSR)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -91,541 | -86,846 | -38,217 | -13,118 | -2,226 | -2,498 | -5,364 | -60,276 | -61,908 | -43,902 | -36,180 | 50,957 | 100,960 | 119,288 | 153,868 | 148,723 | 103,217 | 66,186 | 31,348 | 1,316 |
| Revenue (ttm) | US$ in thousands | 1,316,379 | 1,320,042 | 1,379,036 | 1,443,168 | 1,459,875 | 1,441,319 | 1,389,895 | 1,348,371 | 1,375,098 | 1,486,990 | 1,566,342 | 1,755,337 | 1,904,060 | 1,949,777 | 2,015,759 | 1,923,263 | 1,702,367 | 1,472,583 | 1,299,852 | 1,160,309 |
| Net profit margin | -6.95% | -6.58% | -2.77% | -0.91% | -0.15% | -0.17% | -0.39% | -4.47% | -4.50% | -2.95% | -2.31% | 2.90% | 5.30% | 6.12% | 7.63% | 7.73% | 6.06% | 4.49% | 2.41% | 0.11% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-91,541K ÷ $1,316,379K
= -6.95%
Corsair Gaming Inc's net profit margin has experienced fluctuations over the provided period. The net profit margin started at a modest 0.11% in March 2020 and showed consistent improvement, peaking at 7.73% in March 2021. However, from June 2021 onwards, the net profit margin began to decline, dropping to -6.95% by December 2024.
The positive trend observed from March 2020 to March 2021 indicates an initial period of increasing profitability. This could be attributed to effective cost management, revenue growth, or a combination of both factors. However, the subsequent decline in net profit margin suggests that Corsair Gaming Inc may have faced challenges such as rising costs, declining sales, or other profitability issues.
Overall, the decreasing trend in net profit margin from June 2021 onwards, reaching negative values towards the end of the period, raises concerns about the company's ability to maintain profitability over the long term. Further analysis of the company's financial performance, operational efficiency, and strategic decisions would be necessary to understand the underlying reasons for these fluctuations in net profit margin.
Peer comparison
Dec 31, 2024