Corsair Gaming Inc (CRSR)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -61,658 | -56,725 | -35,140 | -13,998 | -3,479 | -3,076 | -12,153 | -61,790 | -63,766 | -49,865 | -35,654 | 50,379 | 114,560 | 143,818 | 181,241 | 178,060 | 122,042 | 75,975 | 37,845 | 17 |
| 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 |
| Pretax margin | -4.68% | -4.30% | -2.55% | -0.97% | -0.24% | -0.21% | -0.87% | -4.58% | -4.64% | -3.35% | -2.28% | 2.87% | 6.02% | 7.38% | 8.99% | 9.26% | 7.17% | 5.16% | 2.91% | 0.00% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-61,658K ÷ $1,316,379K
= -4.68%
The pretax margin of Corsair Gaming Inc has shown fluctuations over the past few years. The trend indicates an initial increase from 0.00% in March 2020 to a peak of 9.26% in March 2021. Subsequently, there was a slight decrease in the pretax margin to around 6-7% range until September 2021. However, starting from December 2021, the pretax margin began to decline more significantly, reaching negative values by June 2022. This negative trend continued until December 2024, with the pretax margin ranging between -0.24% to -4.68%.
The overall analysis depicts a shift from positive pretax margins to negative margins over the observed period, indicating challenges or inefficiencies impacting the company's profitability before taxes. This decline in pretax margins may raise concerns about the company's operational efficiency, cost control, or revenue generation abilities during the latter part of the period under review. It suggests a need for Corsair Gaming Inc to closely evaluate its cost structures, revenue channels, and overall business strategies to improve its financial performance in the future.
Peer comparison
Dec 31, 2024