Turtle Beach (TBCH) Financial Statements & Analysis

Turtle Beach (TBCH) Income Statement

Turtle Beach reported revenue of $319.91M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 14.2% from $372.77M a year earlier. Net income was $15.73M, down 2.8% year over year, a net margin of 4.9%. Gross margin was 37.3% and operating margin 6.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $56.37M, down 0.7% from the same quarter a year earlier.

Turtle Beach Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Turtle Beach Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	319.91	372.77	258.12	240.17	366.35	360.09	234.66	287.44
Cost of Revenue	200.63	243.78	182.62	190.98	237.97	226.31	155.95	178.74
Gross Profit	119.28	128.98	75.50	49.19	128.38	133.79	78.71	108.70
Operating Expenses
Research & Development	16.89	17.30	17.14	19.12	17.49	12.27	7.86	5.61
Selling, General & Administrative	82.86	80.82	74.81	79.65	90.46	72.36	60.43	49.05
Operating Expenses	99.75	108.95	91.95	98.77	107.95	84.62	68.29	54.66
Operating Income	19.54	20.03	-16.44	-49.58	20.43	49.17	7.44	54.04
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.93	0.00
Interest Expense	9.77	8.07	0.50	1.22	0.38	0.47	0.93	5.34
Other Income/Expense	7.04	-9.36	-0.39	-3.65	0.10	3.29	-2.24	-13.11
Income
Income Before Tax	16.80	10.67	-17.34	-54.45	20.15	52.46	11.71	40.93
Income Tax Expense	1.07	-5.51	0.34	5.09	2.43	13.71	-6.24	1.74
Net Income	15.73	16.18	-17.68	-59.55	17.72	38.75	17.94	39.19
Net Income - Continuous Operations	15.73	16.18	-17.68	-59.55	17.72	38.75	17.94	39.19
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-
EBITDA	39.00	30.13	-12.00	-47.42	25.85	58.17	17.83	50.52
EBIT	26.57	38.18	-16.84	-53.23	20.53	49.72	-	-
Depreciation & Amortization	12.43	11.39	4.84	5.82	5.31	5.25	5.20	4.26
Earnings Per Share
Basic EPS	1.00	1.00	-1.00	-4.00	1.00	3.00	1.00	3.00
Diluted EPS	1.00	1.00	-1.00	-4.00	1.00	2.00	1.00	3.00
Basic Shares Outstanding	20.26	20.02	17.14	16.45	15.92	14.80	14.48	14.29
Diluted Shares Outstanding	20.46	20.83	17.14	16.45	18.25	16.37	15.69	14.29

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Turtle Beach Financial Statements

What was Turtle Beach's revenue in fiscal 2025?

Turtle Beach reported revenue of $319.91M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 14.2% from $372.77M a year earlier.

Is Turtle Beach profitable?

Yes. Turtle Beach earned net income of $15.73M in fiscal 2025, a net margin of 4.9%. In fiscal 2024 it earned $16.18M.

What is Turtle Beach's operating margin?

Turtle Beach's operating income was $19.54M on revenue of $319.91M in fiscal 2025, an operating margin of 6.1%, compared with 5.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition