Corsair Gaming Inc (CRSR)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -5,032 | -4,443 | -13,593 | -63,003 | -64,208 | -49,898 | -35,421 | 50,786 | 114,560 | 143,818 | 181,241 |
| Revenue (ttm) | US$ in thousands | 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 |
| Pretax margin | -0.34% | -0.31% | -0.98% | -4.67% | -4.67% | -3.36% | -2.26% | 2.89% | 6.02% | 7.38% | 8.99% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-5,032K ÷ $1,459,875K
= -0.34%
The pretax margin of Corsair Gaming Inc has shown variability over the past eight quarters. It started off Q1 2022 at a positive level of 2.87%, but subsequently declined in the following quarters, reaching negative values in Q4 2022 and onwards. The company experienced its lowest pretax margin in Q1 2023, at -4.58%. This indicates that Corsair Gaming Inc's profitability before accounting for taxes has been under pressure, with consecutive quarters of negative pretax margins leading to a challenging financial performance. Further analysis of the factors affecting revenue generation and expenses would be beneficial in understanding the fluctuations in the pretax margin.
Peer comparison
Dec 31, 2023