Corsair Gaming, Inc. (CRSR) Stock

Corsair Gaming, Inc. (CRSR) is a Technology stock trading at $10.91 (as of 2026-08-20), with a market capitalization of $1.18B and a trailing P/E of 32.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Corsair Gaming, Inc. designs, markets, and distributes gaming and streaming peripherals, components, systems, and PC gaming software, including products such as keyboards, mice, headsets, controllers, capture cards, stream decks, microphones, power supplies, cooling, cases, and DRAM modules. It sells through distributors and retailers and directly to consumers, serving gamers and content creators across the Americas, Europe, the Middle East, and Asia Pacific.

Understand Corsair Gaming, Inc.: how it makes money

Corsair Gaming designs and sells gaming and streaming peripherals, components, systems, and related software, and it makes money primarily by selling these hardware and software offerings to consumers and gaming creators.

Corsair's profit engine links hardware sales (peripherals, components, and systems) with marketplace adoption signals (Elgato marketplace active users and Stream Deck installed base usage), meaning execution on both product demand and ecosystem engagement is central to operating performance.

Revenue by segment (latest quarter)
Peripherals$0.1B
Components&Sys$0.2B

Business quality (Weak): Gross margin is reported at 32.7%, but operating margin is 3.9%, so investors should focus on whether Corsair can convert its product gross profit into stronger operating income while maintaining marketplace engagement.

Valuation: At 99× earnings, CRSR trades 213% above the Tech Hardware average (32×). Note: one-time items can distort reported P/E.

Bull case

  • Elgato marketplace engagement: Elgato Marketplace Active Users are 2,000,000.
  • Stream Deck installed base penetration signal: Stream Deck Marketplace Accounts Opened as a Percentage of Installed Base is 35%.
  • Marketplace breadth: Third-Party Providers or Creators on Elgato Marketplace at Launch is 240.

Bear case

  • Low operating margin versus gross margin: Operating margin is 3.9%, despite gross margin of 32.7%.
  • Business is split between hardware product categories: Net revenue is reported across Peripherals (0.12B) and Components and Systems (0.23B), so mix and demand changes across categories can affect results.
Valuation — source: SEC EDGAR (first-party)
Price$10.91
Market Cap$1.18B
P/E Ratio32.1
EV / EBITDA19.3
Price / Book1.78
Price / Sales0.81
FCF Yield7.6%
DCF Value (model)$5.35
DCF Upside vs Price-51.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.47B
Net Margin-1.1%
Revenue Growth (YoY)-1.8%
EPS Growth (YoY)-137.5%
FCF Growth (YoY)162.3%
Financial Health — source: SEC EDGAR
Altman Z-Score2.45 (grey)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E32.1
Sector P/E (Technology)33.9
Industry P/E (Computers)32.1
vs Sector-5.5%
vs Industry0.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($40.90M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryComputers
CEOThi L. La
Employees2,567
CountryUS
IPO Date2020-09-23

Related Companies (Business model: Consumer Hardware (incl. ecosystem services); 8 closest by market cap; US-domiciled)

  • Omnicell, Inc. (OMCL)
  • Evolv Technologies Holdings, Inc. (EVLV)
  • Mitek Systems, Inc. (MITK)
  • Quantum Corporation (QMCO)
  • Stratasys Ltd. (SSYS)
  • Xerox Holdings Corporation (XRX)
  • Immersion Corporation (IMMR)
  • AstroNova, Inc. (ALOT)
CRSR earnings history · CRSR institutional & insider holders · CRSR KPIs & operating metrics · CRSR financials · CRSR investor presentations & press releases · CRSR SEC filings · CRSR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.