Corsair Gaming, Inc. Earnings Per Share Disclosure
11. Net Income (Loss) Per Share
The following table summarizes the calculation of basic and diluted net income (loss) per share (in thousands, except per share amounts):
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Years Ended December 31, |
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2025 |
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2024 |
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2023 |
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Numerator |
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Net loss |
|
$ |
(14,965 |
) |
|
$ |
(83,394 |
) |
|
$ |
(1,037 |
) |
Less: Net income attributable to noncontrolling interest |
|
|
1,194 |
|
|
|
1,787 |
|
|
|
1,553 |
|
Net loss attributable to Corsair Gaming, Inc. |
|
|
(16,159 |
) |
|
|
(85,181 |
) |
|
|
(2,590 |
) |
Change in redemption value of redeemable noncontrolling interest |
|
|
3,694 |
|
|
|
(13,994 |
) |
|
|
5,777 |
|
Net income (loss) attributable to common stockholders of Corsair Gaming, Inc. |
|
$ |
(12,465 |
) |
|
$ |
(99,175 |
) |
|
$ |
3,187 |
|
Denominator |
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Basic weighted-average shares outstanding |
|
|
106,005 |
|
|
|
104,164 |
|
|
|
102,482 |
|
Effect of dilutive securities |
|
|
— |
|
|
|
— |
|
|
|
3,794 |
|
Total diluted weighted-average shares outstanding |
|
|
106,005 |
|
|
|
104,164 |
|
|
|
106,276 |
|
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Net income (loss) per share attributable to common stockholders of Corsair Gaming, inc. |
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Basic |
|
$ |
(0.12 |
) |
|
$ |
(0.95 |
) |
|
$ |
0.03 |
|
Diluted |
|
$ |
(0.12 |
) |
|
$ |
(0.95 |
) |
|
$ |
0.03 |
|
|
|
|
|
|
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Anti-dilutive potential common shares (1) |
|
|
14,488 |
|
|
|
13,585 |
|
|
|
5,304 |
|
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.