Corsair Gaming reported $1,316.379 million in consolidated net revenue for the year ended December 31, 2024. Its results show a company spanning components, systems, gamer and creator peripherals, multiple customer regions, and both channel-partner and direct sales.
Key Corsair Statistics
The most useful headline measures cover scale, mix, reach, profitability and forward guidance:
- $1,316.379 million in consolidated net revenue was reported by Corsair Gaming for the year ended December 31, 2024.
- $1,459.875 million in consolidated net revenue was reported for the year ended December 31, 2023.
- $843.650 million from Gaming Components and Systems represented 64.1% of consolidated net revenue in 2024.
- $472.729 million from Gamer and Creator Peripherals represented 35.9% of consolidated net revenue in 2024.
- Gaming Components and Systems revenue fell 20.8% in 2024 compared with 2023 on a consolidated company basis.
- Gamer and Creator Peripherals revenue rose 19.7% in 2024 compared with 2023.
- $429.916 million from Memory Products represented 32.7% of total net revenue in 2024.
- $413.734 million from Other Component Products represented 31.4% of total net revenue in 2024.
- $614.717 million of customer-location revenue came from the United States in 2024.
- $475.855 million of customer-location revenue came from Europe and the Middle East in 2024.
- Channel partners generated 57.4% of total net revenue in 2024.
- Nearly 80 countries made up Corsair’s described customer footprint, according to its 2024 Form 10-K.
- $327.597 million of consolidated gross profit was reported for the year ended December 31, 2024.
- A $49.954 million consolidated operating loss was reported for the year ended December 31, 2024.
- $109.6 million of cash and restricted cash was reported at December 31, 2024.
- $413.6 million of consolidated net revenue was reported for Q4 2024.
- $33.1 million of adjusted EBITDA was reported for Q4 2024.
- $1.375 billion to $1.475 billion of 2025 net revenue was provided as management guidance on February 12, 2025.
Contents
- Key Corsair Statistics
- Corsair Revenue Statistics: Scale and Multi-Year Trends
- Corsair Gaming Components and Systems Statistics
- Corsair Gamer and Creator Peripherals Trends
- Corsair Statistics by Geography, Channels and Customer Reach
- Corsair Profitability, Cash and Operating Performance Statistics
- Corsair Quarterly Statistics and 2025 Guidance
Corsair Revenue Statistics: Scale and Multi-Year Trends
Corsair’s consolidated revenue changed materially across the four reported years below. These are company-reported net revenue figures for consolidated Corsair Gaming, not sales from an individual product line.
| Fiscal year | Consolidated net revenue | Measurement scope |
|---|---|---|
| 2021 | $1,904.060 million | Corsair Gaming, consolidated |
| 2022 | $1,375.098 million | Corsair Gaming, consolidated |
| 2023 | $1,459.875 million | Corsair Gaming, consolidated |
| 2024 | $1,316.379 million | Corsair Gaming, consolidated |
Sources: Corsair Gaming, Inc. 2023 Form 10-K and Corsair Gaming, Inc. 2024 Form 10-K.
The 2024 figure was $143.5 million, or 9.8%, below 2023, according to the company’s year-over-year comparison. Gross profit was $327.597 million in 2024, compared with $360.263 million in 2023.
Operating cost measures provide additional context. Total operating expenses were $377.551 million in 2024, including $310.008 million of sales, general and administrative expense and $67.543 million of product-development expense; the comparable 2023 product-development expense was $65.261 million and sales, general and administrative expense was $285.313 million.
Corsair Gaming Components and Systems Statistics
Gaming Components and Systems remained the larger of Corsair’s two reported segments in 2024, although its revenue and segment margin were lower than in 2023.
| Measure | FY2023 | FY2024 |
|---|---|---|
| Segment revenue | $1,064.994 million | $843.650 million |
| Share of total net revenue | 73.0% | 64.1% |
| Gross profit | $227.3 million | $145.3 million |
| Gross margin | 21.3% | 17.2% |
Source: Corsair Gaming, Inc. 2024 Form 10-K and Corsair Investor Presentation: Q4 2024 and FY2024 Results.
The company reported a 20.8% decrease in Gaming Components and Systems revenue in 2024 versus 2023. Within the company-defined category structure, Memory Products generated $429.916 million, or 32.7% of total net revenue, in 2024, compared with $517.416 million, or 35.5%, in 2023.
Other Component Products generated $413.734 million, or 31.4% of total net revenue, in 2024. The comparable 2023 figure was $547.578 million, or 37.5% of total net revenue.
Corsair Gamer and Creator Peripherals Trends
Gamer and Creator Peripherals moved in the opposite direction from Components and Systems during 2024. Revenue reached $472.729 million, equal to 35.9% of consolidated net revenue, versus $394.881 million and 27.0% in 2023.
| Measure | FY2023 | FY2024 |
|---|---|---|
| Segment revenue | $394.881 million | $472.729 million |
| Share of total net revenue | 27.0% | 35.9% |
| Gross profit | $133.0 million | $182.3 million |
| Gross margin | 33.7% | 38.6% |
Source: Corsair Gaming, Inc. 2024 Form 10-K and Corsair Investor Presentation: Q4 2024 and FY2024 Results.
The company reported 19.7% year-over-year growth for this segment in 2024. Its gross profit rose from $133.0 million in FY2023 to $182.3 million in FY2024, while gross margin increased from 33.7% to 38.6%.
The quarterly pattern was also positive at the end of the year: Gamer and Creator Peripherals revenue was $169.6 million in Q4 2024, compared with $136.8 million in Q4 2023, a reported 23.9% year-over-year increase.
Corsair Statistics by Geography, Channels and Customer Reach
Corsair reports geographic revenue according to customer location. These figures do not mean that products were manufactured or consumed in the named region.
| Customer location | 2023 revenue | 2024 revenue |
|---|---|---|
| United States | $659.347 million | $614.717 million |
| Europe and Middle East | $512.161 million | $475.855 million |
| Asia Pacific | $196.645 million | $143.987 million |
| Americas excluding U.S. | Not supplied for comparison | $81.820 million |
Source: Corsair Gaming, Inc. 2024 Form 10-K.
The United States was the largest named customer-location market in 2024 at $614.717 million, followed by Europe and the Middle East at $475.855 million. Asia Pacific customer-location revenue was $143.987 million, while the Americas excluding the United States contributed $81.820 million.
Channel partners accounted for 57.4% of total net revenue in 2024, compared with 56.8% in 2023 and 51.9% in 2022. Corsair’s 2024 Form 10-K also describes a customer footprint reaching nearly 80 countries; that is a company description, not a separately audited country-by-country customer count.
Corsair Profitability, Cash and Operating Performance Statistics
Corsair reported a consolidated operating loss of $49.954 million in 2024, following consolidated operating income of $9.689 million in 2023. The figures are company-reported operating results and should not be confused with segment gross profit or non-GAAP adjusted measures.
Cash and restricted cash totaled $109.6 million at December 31, 2024. For Q4 2024, the company reported adjusted EBITDA of $33.1 million and adjusted net income of $24.8 million, compared with $33.7 million and $23.2 million, respectively, in Q4 2023.
The same quarterly release reported GAAP net income attributable to common shareholders of $1.3 million in Q4 2024, compared with $6.2 million in Q4 2023. Adjusted EBITDA and adjusted net income are non-GAAP measures; the company’s reconciliation should be consulted when comparing them with GAAP results.
Source: Corsair Gaming Reports Fourth Quarter and Full Year 2024 Financial Results and Corsair Gaming, Inc. 2024 Form 10-K.
Corsair Quarterly Statistics and 2025 Guidance
Q4 2024 consolidated net revenue was $413.6 million, compared with $417.3 million in Q4 2023. The quarterly segment mix was 59.0% Gaming Components and Systems and 41.0% Gamer and Creator Peripherals in Q4 2024.
Gaming Components and Systems revenue was $244.1 million in Q4 2024 versus $280.5 million in Q4 2023, a reported 13.0% year-over-year decline. Its Q4 2024 gross margin was 18.1%.
Gamer and Creator Peripherals produced the other 41.0% of Q4 2024 revenue. Its reported gross margin was 37.7%, including a $4.2 million Fanatec inventory fair-value adjustment; the investor presentation states that the margin would have been 40.2% without that adjustment, a company-presented pro forma-style figure rather than a GAAP or independently calculated organic margin.
Corsair’s 2025 outlook was management guidance issued February 12, 2025, not an observed result. The company guided to consolidated net revenue of $1.375 billion to $1.475 billion and adjusted EBITDA of $80 million to $95 million for FY2025.
Source: Corsair Gaming Reports Fourth Quarter and Full Year 2024 Financial Results and Corsair Investor Presentation: Q4 2024 and FY2024 Results.