# Turtle Beach Corporation (TBCH)

> Source: Nexqual · https://nexqual.com/TBCH · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Turtle Beach Corporation (TBCH), nexqual.com/TBCH" · informational, not investment advice.

**Price:** USD 16.17 (+12.29% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 14.4 · day 14.29–17.04 · 52w 9.84–17.39 · market cap $290M · NGM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $298M, net income -$3.2M (-1.1% margin), free cash flow $32.3M (SEC filings).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (5 analysts), mean target USD 16.4 (range 11–21).
- Total return with dividends: 1Y +5.3% vs S&P 500 +18.1%; 5Y -46.6% vs S&P 500 +85.1%.
- Next earnings: 2026-11-05, EPS estimate USD 0.28, revenue estimate $93.0M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $366M | $240M | $258M | $373M | $320M | $298M |
| Gross profit | $128M | $49.2M | $75.5M | $129M | $119M | — |
| Operating income | $20.4M | -$51.5M | -$16.4M | $20.0M | $27.5M | $9.2M |
| Net income | $17.7M | -$59.5M | -$17.7M | $16.2M | $15.7M | -$3.2M |
| EPS (diluted) | $0.97 | -$3.62 | -$1.03 | $0.78 | $0.77 | — |
| Free cash flow | -$5.9M | -$45.4M | $24.9M | $847K | $34.0M | $32.3M |
| Gross margin | 35.0% | 20.5% | 29.3% | 34.6% | 37.3% | — |
| Operating margin | 5.6% | -21.4% | -6.4% | 5.4% | 8.6% | 3.1% |
| Net margin | 4.8% | -24.8% | -6.8% | 4.3% | 4.9% | -1.1% |
| Revenue growth | +1.7% | -34.4% | +7.5% | +44.4% | -14.2% | — |
| Cash + short-term investments | $37.7M | $11.4M | $18.7M | $13.0M | $17.0M | — |
| Total debt | — | — | — | $46.9M | $54.9M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 1.0x · EV/EBITDA 26.8x · EV/Sales 1.2x · P/FCF 9.0x · P/B 3.6x · FCF yield 11.14% · Earnings yield -1.10% · Buyback yield (TTM) 13.61% · Net debt $61.1M · EV $351M
P/E at fiscal year-ends: Dec 2025 18.2x, Dec 2024 22.3x.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 5 analysts; mean target USD 16.4 (low 11, high 21).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +5.3% | -46.6% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +5.3% | -11.8% |
| Volatility (annualized) | 51.4% | 60.2% |
| Max drawdown | -40.7% (Oct 2025→Mar 2026) | -78.9% (Oct 2021→Oct 2022) |

## Peers (Consumer Electronics)
SONO (Sonos, Inc.) USD 17.69 -0.17% · LPL (LG Display Co, Ltd AMERICAN DEP) USD 2.66 -2.21% · SONY (Sony Group Corporation) USD 24.69 +1.48% · AAPL (Apple Inc.) USD 342 +0.21%

## More
Full page: https://nexqual.com/TBCH · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt