Turtle Beach (TBCH) AI Stock Analysis

• Market Cap: $297.89M
• Dividend Yield: N/A
• Average Volume (3M): 218.00K
• Price to Earnings (P/E): 16.0
• Beta (1Y): 2.16
• Revenue Growth: 24.09%
• EPS Growth: N/A
• Country: US
• Employees: 262
• Sector: Technology
• Sector Strength: 88
• Industry: Consumer Electronics
• EPS (TTM): -0.13
• Shares Outstanding: 19,806,637
• 10 Day Avg. Volume: 180,982
• 30 Day Avg. Volume: 218,001
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.13
• Enterprise Value/Revenue: 0.93
• Enterprise Value/Gross Profit: 2.63
• Enterprise Value/Ebitda: 7.95
• 1Y Price Target: $18.30
• Price Target Upside: 21.68% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 74 Outperform
• Price Target: $18.00 ▲(19.68% Upside)

Turtle Beach's overall stock score is driven by strong financial performance and positive technical indicators. The company's strategic initiatives, such as stock repurchases and refinancing, bolster its financial flexibility and shareholder value. However, challenges in revenue growth and valuation metrics slightly temper the overall outlook.

Positive Factors

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, allowing for reinvestment in growth initiatives and debt reduction.

Credit Agreement

The new credit agreement enhances liquidity and operational capabilities, supporting long-term strategic initiatives and market positioning.

Gross Margin Improvement

Improved gross margins reflect effective cost management, enhancing profitability and competitive positioning in the market.

Negative Factors

Revenue Decline

A decline in revenue suggests challenges in maintaining sales growth, potentially impacting long-term market share and profitability.

Net Profit Margin

Low net profit margins may limit the company's ability to reinvest in growth and withstand competitive pressures over time.

Increased Tariffs

Higher tariffs increase cost structures, potentially squeezing margins and affecting the company's competitive pricing strategy.

Turtle Beach Business Overview & Revenue Model

Company Description

Turtle Beach Corporation (TBCH) is a leading audio technology company primarily focused on the gaming industry. The company designs, manufactures, and markets high-quality gaming headsets, audio peripherals, and accessories for various gaming platforms including consoles, PC, and mobile devices. With a commitment to enhancing the gaming experience, Turtle Beach offers innovative products that cater to both casual and professional gamers, making it a well-recognized brand in the gaming community.

How the Company Makes Money

Turtle Beach generates revenue through the sale of its gaming headsets and audio accessories, which are available through multiple channels including retail, online, and direct sales to consumers. The company’s revenue model is primarily based on product sales, with a significant portion of earnings coming from high-margin gaming headsets that are tailored for competitive gaming. Additionally, Turtle Beach engages in partnerships with game developers and publishers, which can enhance product visibility and drive sales through co-branding initiatives and exclusive merchandise. Seasonal promotions and esports sponsorships also contribute to revenue growth by increasing brand recognition and consumer engagement during peak gaming periods.

Turtle Beach Financial Statement Overview

Summary

Turtle Beach demonstrates a solid financial position with strengths in cash flow generation and operational efficiency. However, the decline in revenue growth and relatively low net profit margin indicate areas for improvement. The company appears to be managing its debt effectively, contributing to a stable financial outlook.

Income Statement

Turtle Beach's income statement shows a mixed performance. The TTM gross profit margin is healthy at 35.38%, indicating effective cost management. However, the net profit margin is relatively low at 5.53%, and revenue has declined by 5.17% in the TTM, suggesting challenges in maintaining sales growth. The EBIT and EBITDA margins have improved over the past year, reflecting better operational efficiency.

Balance Sheet

The balance sheet reveals moderate financial stability. The debt-to-equity ratio has improved to 0.53 in the TTM, indicating a manageable level of debt. Return on equity is strong at 17.35%, showing effective use of equity to generate profits. However, the equity ratio is not explicitly provided, which limits a full assessment of asset financing.

Cash Flow

Cash flow analysis shows a significant improvement in free cash flow growth at 71.21% in the TTM, indicating strong cash generation capabilities. The operating cash flow to net income ratio is 0.38, suggesting that operating cash flow is covering net income adequately. The free cash flow to net income ratio is high at 0.88, reflecting efficient cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	361.12M	372.77M	258.12M	240.17M	366.35M	360.09M
Gross Profit	127.75M	128.98M	75.50M	49.19M	128.38M	133.79M
EBITDA	42.23M	30.13M	-12.00M	-47.42M	25.84M	58.17M
Net Income	19.96M	16.18M	-17.68M	-59.55M	17.72M	38.75M
Balance Sheet
Total Assets	240.18M	298.86M	149.97M	163.39M	230.50M	203.45M
Cash, Cash Equivalents and Short-Term Investments	11.71M	12.99M	18.73M	11.40M	37.72M	46.68M
Total Debt	61.66M	96.28M	7.73M	19.05M	7.76M	6.02M
Total Liabilities	123.35M	178.26M	64.89M	74.45M	89.14M	87.05M
Stockholders Equity	116.83M	120.60M	85.08M	88.94M	141.37M	116.40M
Cash Flow
Free Cash Flow	25.01M	847.00K	24.89M	-45.40M	-5.95M	45.39M
Operating Cash Flow	28.45M	5.76M	27.04M	-41.85M	-327.00K	51.05M
Investing Cash Flow	-928.00K	-82.21M	-2.16M	-3.55M	-8.12M	-5.66M
Financing Cash Flow	-28.87M	71.05M	-17.85M	19.71M	-56.00K	-7.41M

Turtle Beach Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 15.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TBCH, the sentiment is Neutral. The current price of 15.04 is below the 20-day moving average (MA) of 15.33, above the 50-day MA of 14.80, and above the 200-day MA of 14.74, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 47.97 is Neutral, neither overbought nor oversold. The STOCH value of 47.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TBCH.

Turtle Beach Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TBCH	74 Outperform	$297.89M	16.04	17.97%	―	24.09%	―
GPRO	61 Neutral	371.50M	-3.32	-110.84%	―	-19.83%	73.22%
SONO	58 Neutral	1.82B	-23.30	-19.13%	―	-10.02%	-385.04%
UEIC	52 Neutral	59.62M	-3.57	-10.72%	―	4.00%	62.67%
KOSS	49 Neutral	53.71M	-60.55	-2.86%	―	2.93%	8.95%
VUZI	48 Neutral	183.30M	-4.47	-197.19%	―	-12.75%	57.64%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Turtle Beach Corporate Events

Turtle Beach Executes Major Stock Repurchase Agreement

On August 14, 2025, Turtle Beach Corporation entered into a stock purchase agreement to repurchase 694,926 shares of its common stock from Diversis Capital for approximately $10 million, with The Donerail Group acquiring an additional 693,962 shares. This transaction, approved by the Audit Committee, aligns with Turtle Beach’s capital allocation priorities and underscores confidence in the company’s strategy and long-term value creation. Following the transaction, Diversis will retain approximately 10% ownership of Turtle Beach’s common stock, with the remaining shares subject to a 90-day lock-up agreement. The repurchase was executed under the company’s existing $75 million authorization and reflects Turtle Beach’s commitment to enhancing shareholder value and ownership stability.

The most recent analyst rating on (TBCH) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Turtle Beach stock, see the TBCH Stock Forecast page.

Turtle Beach Secures New Credit Agreement with Bank of America

On August 1, 2025, Turtle Beach Corporation entered into a new Credit Agreement with Bank of America, which includes a $60 million term loan facility and a $90 million revolving credit facility. This agreement replaces the company’s previous debt arrangements and provides financial flexibility for ongoing operations, potentially impacting its market positioning by enhancing liquidity and operational capabilities.

The most recent analyst rating on (TBCH) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on Turtle Beach stock, see the TBCH Stock Forecast page.

Turtle Beach Amends Financing for Share Repurchases

On June 11, 2025, Turtle Beach Corporation amended its financing agreement to allow for up to $5 million in share repurchases before June 30, 2025, as part of a broader $75 million authorization. This move demonstrates the company’s commitment to returning capital to shareholders and confidence in its financial stability. Additionally, Turtle Beach plans to pay down $5 million of its term loan debt and is in discussions to refinance its outstanding loan balance on improved terms, indicating strategic efforts to enhance capital flexibility.

The most recent analyst rating on (TBCH) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on Turtle Beach stock, see the TBCH Stock Forecast page.

Turtle Beach Adopts Stockholder Rights Plan to Prevent Takeovers

On June 9, 2025, Turtle Beach Corporation announced the adoption of a limited duration stockholder rights plan, effective June 23, 2025, to protect against hostile takeovers. The plan allows stockholders to purchase additional shares at a discount if a person or group acquires 10% or more of the company’s stock without board approval, thereby discouraging unsolicited acquisition attempts.

The most recent analyst rating on (TBCH) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on Turtle Beach stock, see the TBCH Stock Forecast page.

Turtle Beach Approves Stock Plan Amendment at Annual Meeting

On June 3, 2025, Turtle Beach Corporation held its Annual Meeting of Stockholders via webcast, where an amendment to the 2023 Stock-Based Incentive Compensation Plan was approved, increasing the available shares by 1,510,000. Additionally, stockholders voted on various matters including the election of eight board members, the ratification of Ernst & Young LLP as the independent auditor for 2025, and advisory votes on executive compensation and its future frequency.

The most recent analyst rating on (TBCH) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on Turtle Beach stock, see the TBCH Stock Forecast page.