Full Year Revenue Growth
Revenue grew 12% year-over-year to approximately $1,470,000,000 for fiscal 2025.
Strong Profitability and Margin Expansion
Gross profit increased 30% to approximately $426,000,000 and the company delivered its highest full-year gross margin as a public company; adjusted EBITDA grew more than 80% to approximately $101,000,000 and exceeded the high end of guidance.
Fourth Quarter Improvement
Q4 revenue increased 6% year-over-year to approximately $437,000,000; gross profit rose more than 30% YoY and adjusted EBITDA increased more than 60% YoY, reflecting supply chain execution and operating discipline.
Memory and Components Strength
Memory revenue in the quarter grew 24% year-over-year to $156,000,000 with a 35% gross margin; gaming components and systems delivered strong double-digit growth in both Q4 and the full year driven by memory and core components.
Peripherals & Brand Momentum (Fanatec, Elgato, Stream Deck)
Gamer and creator peripherals delivered full-year single-digit growth with notable contributions from Fanatec and Elgato; CES 2026 showcased successful product launches (Stream Deck integrations and the Galleon 100 SD keyboard), and Stream Deck is positioned as a cross-workflow control layer.
Direct-to-Consumer and Retail Progress
Direct-to-consumer (D2C) grew to nearly 20% of revenue with double-digit web traffic growth; opened first experience-driven retail store at Westfield Valley Fair Mall with strong opening day demand and consistent traffic and conversion.
Balance Sheet and Capital Allocation
Q4 cash increased by just under $33,000,000 while investing in inventory; reduced debt by over $50,000,000 in 2025; announced first share repurchase authorization up to $50,000,000 to deploy capital alongside organic and M&A investments.
User Engagement and Marketplace Opportunity
Elgato marketplace has over two million active users posting and downloading content; management is focused on building recurring revenue from the marketplace and platforms (Stream Deck) as a strategic priority.