Turtle Beach Corporation (TBCH) Stock

Turtle Beach Corporation (TBCH) is a Technology stock trading at $12.14 (as of 2026-08-20), with a market capitalization of $241.05M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Turtle Beach Corporation operates as an audio technology company in North America, Europe, the Middle East, and the Asia Pacific. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, and other accessories for the personal computer peripherals market under the ROCCAT brand. In addition, it provides game controllers, and gaming flight simulation and racing simulation accessories, as well as USB and analog microphones for gamers, streamers, professionals, and students. The company serves retailers and distributors. Turtle Beach Corporation was founded in 1975 and is headquartered in White Plains, New York.

Understand Turtle Beach Corporation: how it makes money

Turtle Beach makes and sells gaming audio hardware and related accessories, including gaming headsets and other peripherals under the Turtle Beach brand and ROCCAT brand, and it generates revenue from selling these products across multiple gaming and computing platforms.

Because the company develops, commercializes, and markets gaming headset solutions and PC peripherals under Turtle Beach and ROCCAT across many device types, its profit model is driven by product sell-through of those branded hardware lines, rather than recurring software or services.

Revenue by segment (latest quarter)
Net Rev	$0.0B

Business quality (Weak): Data is limited, there are no listed operating KPIs, and only one segment revenue figure is provided, but the gross margin and operating margin indicate the company is currently operating at a loss.

Valuation: At 620× earnings, TBCH trades 1108% above the Semiconductors average (51×). Note: one-time items can distort reported P/E.

Bull case

Established product focus in gaming audio and peripherals, including gaming headsets and accessories under Turtle Beach and ROCCAT: The offering spans multiple platform types (consoles, handhelds, PCs, tablets, and mobile devices), which can broaden addressable demand.
Gross margin is positive at 26.8%: This suggests product gross profit exists, even though operating expenses are currently too high.

Bear case

Operating margin is negative at -33.3% for the latest period provided: This indicates the business is not currently converting gross profit into operating profit.
Business relies on ongoing development and marketing to keep hardware offerings relevant across platforms: Hardware cycle dynamics and product mix shifts can materially affect sales and operating performance.

Valuation — source: SEC EDGAR (first-party)
Price	$12.14
Market Cap	$241.05M
Price / Book	2.15
Price / Sales	0.90
FCF Yield	52.7%
DCF Value (model)	$11.20
DCF Upside vs Price	-7.8%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$319.91M
Net Margin	4.9%
Revenue Growth (YoY)	-14.2%
EPS Growth (YoY)	-3.7%
FCF Growth (YoY)	3918.8%

Financial Health — source: SEC EDGAR
Altman Z-Score	2.39 (grey)
Piotroski F-Score	7/9 (strong)

Valuation vs Sector & Industry
Sector P/E (Technology)	33.9
Industry P/E (Electronic Equipment)	39.4

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	Windward Management LP ($16.31M)
Institutional Holders Tracked	10

Company
Sector	Technology
Industry	Electronic Equipment
CEO	Cristopher Keirn
Employees	262
Country	US
IPO Date	2010-10-05

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

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.