TBCH on Nasdaq

Turtle Beach Corp

American communications equipment company based in Valhalla.

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Last updated Oct 18, 2026.

Overview

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  • TickerTBCH on Nasdaq
  • IndustryCommunications Equipment, NEC
  • HeadquartersValhalla, United States
  • Incorporated inNV2
  • Business address15822 Bernardo Center Drive, Suite 105, San Diego, Ca 921272
  • Filer categoryAccelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

37.3%Gross margin3
8.6%Operating margin3
4.9%Net margin3
-14.2%Revenue growth, 20253
12.2%Return on equity3
0.36×Debt to equity3
$34.0MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 74% of the revenue Turtle Beach Corp broke down this way in fiscal 2025.

  1. United States$235.7M374%down 17% from 2024
  2. Europe And Middle East$71.0M322%down 7% from 2024
  3. Asia Pacific$13.3M34%up 9% from 2024
Regions by year
Regions202320242025
United States$186.3M$284.3M$235.7M
Europe And Middle East$62.0M$76.3M$71.0M
Asia Pacific$9.8M$12.2M$13.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue63¢$200.6M
  • Research and development5¢$16.9M
  • Other costs27¢$85.6M
  • Income tax0¢$1.1M
  • Profit5¢$15.7M

Out of $319.9M in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending4¢$1.4M
  • Share buybacks53¢$19.0M
  • Kept or used elsewhere43¢$15.1M

Out of $35.5M of cash from operations.3

Financial statements

Revenue45673$319.9M in 2025+36% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $234.7M$234.7M20192020: $360.1M$360.1M2020+53%2021: $366.4M$366.4M2021+2%2022: $240.2M$240.2M2022−34%2023: $258.1M$258.1M2023+7%2024: $372.8M$372.8M2024+44%2025: $319.9M$319.9M2025−14%
Gross profit45673$119.3M in 2025+52% since 2019
0$50.0M$100.0M$150.0M2019: $78.7M$78.7M20192020: $133.8M$133.8M2020+70%2021: $128.4M$128.4M2021−4%2022: $49.2M$49.2M2022−62%2023: $75.5M$75.5M2023+54%2024: $129.0M$129.0M2024+71%2025: $119.3M$119.3M2025−8%
Operating income45673$27.5M in 2025+164% since 2019
-$100.0M-$50.0M0$50.0M2019: $10.4M$10.4M20192020: $49.2M$49.2M2020+372%2021: $20.4M$20.4M2021−58%2022: -$51.5M-$51.5M20222023: -$16.4M-$16.4M2023−68%2024: $20.0M$20.0M20242025: $27.5M$27.5M2025+37%
Net income45673$15.7M in 2025−12% since 2019
-$75.0M-$50.0M-$25.0M0$25.0M$50.0M2019: $17.9M$17.9M20192020: $38.7M$38.7M2020+116%2021: $17.7M$17.7M2021−54%2022: -$59.5M-$59.5M20222023: -$17.7M-$17.7M2023−70%2024: $16.2M$16.2M20242025: $15.7M$15.7M2025−3%

Every line of the income statement as filed: the last 4 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-312022-12-31
Net revenue$319.9M$372.8M$258.1M
Cost of revenue$200.6M$243.8M$182.6M
Gross profit$119.3M$129.0M$75.5M
Selling and marketing$52.5M$52.4M$43.5M
Research and development$16.9M$17.3M$17.1M
General and administrative$30.4M$28.4M$31.3M
Insurance recovery-$9.4M
Acquisition-related costs$1.4M$10.8M
Total operating expenses$91.8M$109.0M$91.9M
Operating income (loss)$27.5M$20.0M-$16.4M
Interest expense, net$9.8M$8.1M$504.0K
Other expense, net$945.0K$1.3M$394.0K
Income (loss) before income tax$16.8M$10.7M-$17.3M
Income tax expense (benefit)$1.1M-$5.5M$338.0K
Net income (loss)$15.7M$16.2M-$17.7M
Basic$0.78$0.81-$1.03
Diluted$0.77$0.78-$1.03
Basic20.3M shares20.0M shares17.1M shares20.3M shares
Diluted20.5M shares20.8M shares17.1M shares20.5M shares

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Leadership

Who has led Turtle Beach Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Elwood G. Norris2010–2012
  2. Juergen M. Stark2014–2023
  3. Cris Keirn2023–now

Chair

  1. Kenneth F. Potashner2012–2013

President

  1. Elwood G. Norris2010–2013
  2. Juergen M. Stark2015–2023

Chief financial officer

  1. James A. Barnes2010–2013
  2. John T. Hanson2014–2024
  3. Mark Weinswig2025–2026
  4. Andrew Clipsham2026–now
201520202025
Board members and other officers (30)

Former names

  • Parametric Sound CorpJun 24, 2010 to May 22, 20142

Timeline

  1. Jul 10, 2023New chief executive Cris Keirn becomes CEO11
  2. Jan 27, 2014New chief executive Juergen M. Stark becomes CEO12
  3. Aug 23, 2010New chief executive Elwood G. Norris becomes CEO13

Filings

402 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 67 major events, 133 insider forms, 75 large holders, 106 other. The latest 20:

  1. Sep 2, 2026SCHEDULE 13G EDGAR
  2. Aug 27, 2026SCHEDULE 13D/A EDGAR
  3. Aug 21, 2026144 EDGAR
  4. Aug 12, 20264 EDGAR
  5. Aug 12, 2026SCHEDULE 13D/A EDGAR
  6. Aug 11, 2026SCHEDULE 13D/A EDGAR
  7. Aug 6, 202610-Q EDGAR
  8. Aug 6, 20268-K EDGAR
  9. Aug 6, 2026SCHEDULE 13G/A EDGAR
  10. Aug 3, 20268-K EDGAR
  11. Jul 29, 20263 EDGAR
  12. Jul 20, 2026144 EDGAR
  13. Jun 16, 2026144 EDGAR
  14. Jun 12, 2026144 EDGAR
  15. Jun 9, 2026144 EDGAR
  16. Jun 3, 2026144 EDGAR
  17. Jun 2, 20268-K EDGAR
  18. May 29, 2026144 EDGAR
  19. May 29, 2026SD EDGAR
  20. May 29, 20264 EDGAR

The 402 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 75 such filings since October 2021, the latest 10:

  1. Sep 2, 2026SCHEDULE 13G
  2. Aug 27, 2026SCHEDULE 13D/A
  3. Aug 12, 2026SCHEDULE 13D/A
  4. Aug 11, 2026SCHEDULE 13D/A
  5. Aug 6, 2026SCHEDULE 13G/A
  6. May 28, 2026SCHEDULE 13G/A
  7. May 12, 2026SCHEDULE 13G
  8. Mar 27, 2026SCHEDULE 13G/A
  9. Feb 24, 2026SCHEDULE 13D
  10. Jan 30, 2026SCHEDULE 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Windward Management LP1,607,989$20.0M14.5%No change
Garnet Equity Capital Holdings, Inc.1,506,759$18.8M8.4%−7,200
BlackRock, Inc.1,174,452$14.6M0.0%+20,148
Morgan Stanley1,173,941$14.6M0.0%−7,156
Shay Capital LLC794,311$9.9M1.1%+153,694
Vanguard Capital Management LLC613,346$7.6M0.0%−37,181
Dimensional Fund Advisors LP527,869$6.6M0.0%+89,987
Goldman Sachs Group Inc514,574$6.4M0.0%−149,753
Ameriprise Financial Inc492,166$6.1M0.0%New
Geode Capital Management, LLC394,517$4.9M0.0%+21,402
State Street Corp344,430$4.3M0.0%+630
D. E. Shaw & Co., Inc.278,647$3.5M0.0%+87,851
CDC Financial, Inc.236,852$2.9M2.3%+82,870
Caption Management, LLC219,040$2.7M0.1%+92,546
North Star Investment Management Corp.207,000$2.6M0.1%−144
Susquehanna International Group, Llp182,807$2.3M0.0%+106,803
Northern Trust Corp161,684$2.0M0.0%+5,060
Pullen Investment Management, LLC160,568$2.0M0.9%+1,702
Jane Street Group, LLC151,889$1.9M0.0%−71,395
Formula Growth Ltd131,426$1.6M0.6%+76,351
Vanguard Portfolio Management LLC118,997$1.5M0.0%−183,010
Prentice Capital Management, LP114,293$1.4M2.7%+1,457
Jefferies Financial Group Inc.114,240$1.4M0.0%New
O'shaughnessy Asset Management, LLC110,217$1.4M0.0%−25,560
Vanguard Fiduciary Trust Co94,869$1.2M0.0%+3,106

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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