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Turtle Beach
(NASDAQ:TBCH)
Turtle Beach (TBCH) vs. SPDR S&P 500 ETF (SPY)
Turtle Beach Business Overview & Revenue Model
Turtle Beach Earnings Call Summary
Turtle Beach Financial Statement Overview
| 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
Turtle Beach Risk Analysis
Turtle Beach Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $338.50M | 18.11 | 17.97% | ― | 24.09% | ― | |
| ― | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
| ― | $2.10B | ― | -17.69% | ― | -10.02% | -385.04% | |
| ― | $293.99M | ― | -113.13% | ― | -12.75% | 57.64% | |
| ― | $336.12M | ― | -76.81% | ― | -19.83% | 73.22% | |
| ― | $55.48M | ― | -10.48% | ― | 4.00% | 62.67% | |
| ― | $47.85M | -53.94 | -2.83% | ― | 2.93% | 8.95% |
Turtle Beach Corporate Events
On September 12, 2025, David Muscatel, a director of Turtle Beach Corporation, announced his resignation effective September 30, 2025. His departure was not due to any disagreements with the company’s operations or management, indicating a smooth transition and stability in the company’s governance.
The most recent analyst rating on (TBCH) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Turtle Beach stock, see the TBCH Stock Forecast page.
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’s recent earnings call presented a balanced outlook, highlighting both achievements and challenges. The company celebrated significant milestones, such as successful refinancing and strong product launches, while also addressing hurdles like revenue decline and increased tariffs. The restated guidance and cost management efforts suggest optimism for future growth.
Turtle Beach Corporation is a leading provider of gaming accessories, known for its innovative and top-rated products such as gaming headsets, controllers, and peripherals, with a strong presence in the console gaming audio market. In its latest earnings report, Turtle Beach announced a net revenue of $56.8 million for the second quarter of 2025, alongside an improved gross margin of 32.2%. The company reported a net loss of $2.9 million, a significant improvement from the $7.5 million loss in the same period last year. Turtle Beach also highlighted its strategic refinancing efforts, which have lowered its cost of capital by approximately 450 basis points, and repurchased $5.0 million of stock under a new $75 million repurchase program. Key financial metrics from the report include an adjusted EBITDA of negative $3.0 million and a reiteration of full-year revenue guidance between $340 million and $360 million, with adjusted EBITDA expected to range from $47 million to $53 million. The company remains optimistic about the second half of the year, with expectations of continued market improvements in the gaming accessories sector, positioning it well for future growth and profitability.
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.