Corsair Gaming, Inc. Leases Disclosure
15. Leases
Our lease portfolio consists primarily of real estate facilities for manufacturing, distribution, warehousing and office use purposes under operating leases.
The components of lease expenses were as follows (in thousands):
|
|
Years Ended December 31, |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
|
|
|
|
|
|
|
|
|
|
|||
Operating lease expense |
|
$ |
17,499 |
|
|
$ |
15,607 |
|
|
$ |
12,887 |
|
Variable lease expense |
|
|
8,898 |
|
|
|
6,642 |
|
|
|
7,540 |
|
Total lease expense |
|
$ |
26,397 |
|
|
$ |
22,249 |
|
|
$ |
20,427 |
|
Supplemental cash flow information related to operating leases was as follows (in thousands):
|
|
Years Ended December 31, |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
|
|
|
|
|||||||||
Cash paid for amounts included in the measurement of operating lease liabilities |
|
$ |
17,802 |
|
|
$ |
16,415 |
|
|
$ |
13,433 |
|
Right-of-use assets recognized in exchange for operating lease obligations |
|
|
17,643 |
|
|
|
29,162 |
|
|
|
1,604 |
|
As of December 31, 2025, our operating leases had a weighted average remaining lease term of 7.2 years and a weighted average discount rate of 5.8%. As of December 31, 2024, our operating leases had a weighted average remaining lease term of 6.4 years and a weighted average discount rate of 5.0%.
The following table summarizes the maturity of operating lease liabilities as of December 31, 2025 (in thousands):
|
|
Amounts |
|
|
|
|
|
|
|
2026 |
|
$ |
17,283 |
|
2027 |
|
|
12,459 |
|
2028 |
|
|
9,803 |
|
2029 |
|
|
8,030 |
|
2030 |
|
|
7,504 |
|
Thereafter |
|
|
31,416 |
|
Total future lease payments |
|
|
86,495 |
|
Less: Imputed interest |
|
|
(17,310 |
) |
|
$ |
69,185 |
|
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 27, 2023 | |
| 2021 | Mar 1, 2022 | |
| 2020 | Mar 11, 2021 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.