Corsair Gaming, Inc. reported significant financial performance improvements in its second quarter of 2025, with net revenue reaching $320.1 million, a 22.5% increase from $261.3 million in the same period last year. For the first half of 2025, total revenue was $689.9 million, up 15.3% from $598.6 million in the first half of 2024. The company's gross profit also saw an increase, rising to $85.9 million for the quarter, compared to $63.1 million a year earlier, resulting in a gross margin of 26.8%, up from 24.1%. Despite these gains, Corsair reported a net loss of $20.3 million for the quarter, although this was an improvement from the $23.5 million loss recorded in Q2 2024.
The increase in revenue was primarily driven by a 30.2% rise in the Gaming Components and Systems segment, attributed to heightened demand for memory products and other components following the launch of new generation GPUs and CPUs. The Gamer and Creator Peripherals segment also contributed to growth, with an 8.9% increase in sales, bolstered by revenues from the recently acquired Fanatec business. Corsair's total operating expenses increased to $102.8 million, up from $87.8 million in the prior year, largely due to higher distribution, marketing, and personnel costs.
In terms of operational metrics, Corsair's cash and restricted cash totaled $107.4 million as of June 30, 2025. The company generated $48.9 million in cash from operations during the first half of the year, a notable turnaround from the $44.8 million used in operations during the same period in 2024. The company’s employee headcount remained stable, reflecting its focus on maintaining operational efficiency amid growth.
Strategically, Corsair completed the acquisition of the Fanatec business in September 2024, which has expanded its product offerings in the sim racing market. The integration of Fanatec is expected to enhance Corsair's market presence and drive further growth in the enthusiast gaming segment. Looking ahead, Corsair anticipates continued demand for its products, particularly in light of the ongoing trends in gaming engagement and the introduction of new high-performance hardware. However, the company remains cautious about potential macroeconomic challenges, including trade tariffs and geopolitical tensions, which could impact its operations and financial performance in the future.
About Corsair Gaming, Inc.
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