Quarterly ResultMay 7, 2026, 04:27 PM
Turtle Beach Q1 Net Revenue $42.2M; Net Loss ($15.2M)
AI Summary
Turtle Beach Corporation reported Q1 2026 net revenue of $42.2 million and a net loss of ($15.2) million, with adjusted EBITDA of ($6.5) million. Despite challenging market conditions, the company generated $29.4 million in cash flow from operations and reaffirmed its full-year 2026 net revenue and adjusted EBITDA guidance. Additionally, Turtle Beach restructured its credit facilities to enhance financial flexibility and support its $75 million share repurchase program, with $56 million remaining.
Key Highlights
- Q1 2026 Net Revenue was $42.2 million, down from $63.9 million in Q1 2025.
- Reported a Q1 2026 Net Loss of ($15.2) million, compared to ($0.664) million in Q1 2025.
- Adjusted EBITDA for Q1 2026 was ($6.5) million, down from $4.050 million in Q1 2025.
- Generated $29.4 million in cash flow from operations during Q1 2026.
- Restructured debt with an $80 million ABL facility and an $85 million term loan.
- Reaffirmed full-year 2026 net revenue guidance of $335 million to $355 million.
- Reaffirmed full-year 2026 Adjusted EBITDA guidance of $44 million to $48 million.
- Approximately $56 million remains on the $75 million share repurchase program.