Corsair Gaming, Inc. Segments Disclosure
14. Segment and Geographic Information and Major Customers
Operating segments are based on components of a company that engage in business activity that earn revenue and incur expenses and (a) whose operating results are regularly reviewed by its chief operating decision maker (“CODM”) to make decisions about resource allocation and performance and (b) for which discrete financial information is available. By this definition, we have identified our as the CODM. We operate and report in two segments:
We believe that this structure reflects our current operational and financial management, and that it provides the best structure for us to focus on growth opportunities while maintaining financial discipline.
Our CODM reviews net revenue, and gross profit of these segments on a regular basis to evaluate the performance of, and allocates resources to, each of the two segments. The CODM considers budget-to-actual variances on a monthly basis when making decisions about allocating resources to the segments. Our CODM manages assets on a total company basis, not by operating segments, therefore segmental asset information is not presented.
Segment Profit and Loss
The tables below present the reportable segment profit and loss measure - segment gross profit for each of the periods presented (in thousands):
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|
For the year ended December 31, 2025 |
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|
Gamer and Creator Peripherals |
|
|
Gaming Components and Systems |
|
|
Total |
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|||
|
|
|
|
|
|
|
||||||
Net revenue(1) |
|
$ |
492,137 |
|
|
$ |
980,343 |
|
|
$ |
1,472,480 |
|
Less: |
|
|
|
|
|
|
|
|
|
|||
Inventory costs (2) |
|
|
261,044 |
|
|
|
740,279 |
|
|
|
1,001,323 |
|
Other segment items (3) |
|
|
36,977 |
|
|
|
8,297 |
|
|
|
45,274 |
|
Total cost of revenue |
|
|
298,021 |
|
|
|
748,576 |
|
|
|
1,046,597 |
|
Gross profit |
|
$ |
194,116 |
|
|
$ |
231,767 |
|
|
$ |
425,883 |
|
|
|
|
|
|
|
|
|
|
|
|||
|
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For the year ended December 31, 2024 |
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|
|
Gamer and Creator Peripherals |
|
|
Gaming Components and Systems |
|
|
Total |
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|||
|
|
|
|
|
|
|
||||||
Net revenue(1) |
|
$ |
472,729 |
|
|
$ |
843,650 |
|
|
$ |
1,316,379 |
|
Less: |
|
|
|
|
|
|
|
|
|
|||
Inventory costs (2) |
|
|
256,153 |
|
|
|
691,236 |
|
|
|
947,389 |
|
Other segment items (3) |
|
|
34,283 |
|
|
|
7,110 |
|
|
|
41,393 |
|
Total cost of revenue |
|
|
290,436 |
|
|
|
698,346 |
|
|
|
988,782 |
|
Gross profit |
|
$ |
182,293 |
|
|
$ |
145,304 |
|
|
$ |
327,597 |
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
For the year ended December 31, 2023 |
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|||||||||
|
|
Gamer and Creator Peripherals |
|
|
Gaming Components and Systems |
|
|
Total |
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|||
|
|
|
|
|
|
|
||||||
Net revenue(1) |
|
$ |
394,881 |
|
|
$ |
1,064,994 |
|
|
$ |
1,459,875 |
|
Less: |
|
|
|
|
|
|
|
|
|
|||
Inventory costs (2) |
|
|
231,162 |
|
|
|
825,320 |
|
|
|
1,056,482 |
|
Other segment items (3) |
|
|
30,737 |
|
|
|
12,393 |
|
|
|
43,130 |
|
Total cost of revenue |
|
|
261,899 |
|
|
|
837,713 |
|
|
|
1,099,612 |
|
Gross profit |
|
$ |
132,982 |
|
|
$ |
227,281 |
|
|
$ |
360,263 |
|
|
|
|
|
|
|
|
|
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|
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Revenue by Major Customer
The following table sets forth the customers that individually comprised 10% or more of our total net revenue for the periods presented:
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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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Customer A |
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|
27.4 |
% |
|
|
30.9 |
% |
|
|
30.7 |
% |
Customer B |
|
* |
|
|
|
10.1 |
% |
|
* |
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||
* Customer represents less than 10% of our total net revenue in the period presented.
Revenue by Major Products
The following table sets forth our net revenue by major product category for the periods presented (in thousands):
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|
Years Ended December 31, |
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|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
|
|
|
|
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Gamer and Creator Peripherals segment |
|
|
|
|
|
|
|
|
|
|||
Gaming Peripherals products |
|
$ |
492,137 |
|
|
$ |
472,729 |
|
|
$ |
394,881 |
|
Gaming Components and Systems segment |
|
|
|
|
|
|
|
|
|
|||
Memory products |
|
|
519,355 |
|
|
|
429,916 |
|
|
|
517,416 |
|
Other Component products |
|
|
460,988 |
|
|
|
413,734 |
|
|
|
547,578 |
|
Total net revenue |
|
$ |
1,472,480 |
|
|
$ |
1,316,379 |
|
|
$ |
1,459,875 |
|
Geographic Information
The following table summarizes our net revenue by geographic region based on the location of the customer (in thousands):
|
|
Years Ended December 31, |
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|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
|
|
|
|
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United States (U.S.) |
|
$ |
633,551 |
|
|
$ |
614,717 |
|
|
$ |
659,347 |
|
Americas (excluding U.S.) (1) |
|
|
89,568 |
|
|
|
81,820 |
|
|
|
91,722 |
|
Europe and Middle East (1) |
|
|
565,792 |
|
|
|
475,855 |
|
|
|
512,161 |
|
Asia Pacific (1) |
|
|
183,569 |
|
|
|
143,987 |
|
|
|
196,645 |
|
Total net revenue |
|
$ |
1,472,480 |
|
|
$ |
1,316,379 |
|
|
$ |
1,459,875 |
|
Our long-lived assets consist of property and equipment, net and operating lease right-of-use assets, which are summarized by geographic area as follows (in thousands):
|
|
December 31, |
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|
|
2025 |
|
|
2024 |
|
||
|
|
|
|
|||||
United States |
|
$ |
56,397 |
|
|
$ |
50,604 |
|
Taiwan |
|
|
16,624 |
|
|
|
18,101 |
|
China |
|
|
4,971 |
|
|
|
6,126 |
|
Other (1) |
|
|
11,122 |
|
|
|
7,491 |
|
Total long-lived assets |
|
$ |
89,114 |
|
|
$ |
82,322 |
|
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 Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.