Turtle Beach Corp
TBCHNasdaqTechnology · Communications Equipment, NEC · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $319.9M | $372.8M | $258.1M | $240.2M | $93.1M | $35.0M |
| Operating income | $27.5M | $20.0M | −$16.4M | −$51.5M | $20.4M | $49.2M |
| Net income | $15.7M | $16.2M | −$17.7M | −$59.5M | $8.8M | −$3.6M |
| Total assets | $269.1M | $298.9M | $150.0M | $163.4M | $230.5M | $203.5M |
| Total liabilities | $140.6M | $178.3M | $64.9M | $74.4M | $89.1M | $87.1M |
| Equity | $128.5M | $120.6M | $85.1M | $88.9M | $141.4M | $116.4M |
| EPS (diluted) | $0.77 | $0.78 | $-1.03 | $-3.62 | $0.49 | $-0.25 |
| Shares out. | 20.0M | 17.6M | 16.6M | 16.2M | 15.5M | 14.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 8.6%
- Net margin
- 4.9%
- Return on equity
- 12.2%
- Return on assets
- 5.8%
- Return on capital (ROCE)
- 15.2%
- Liabilities / assets
- 52.2%
- Debt / equity
- 1.09×
- Book value / share
- $6.43
- Revenue growth (YoY)
- −14.2%
- Net income growth (YoY)
- −2.8%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 2.51grey zone
- Accruals / assets
- −7.3%clean
- Beneish M-Score
- -3.07normal
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 2 warning● 3 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Revenue declined year-over-year
- Altman Z″ in the grey zone
- Operating margin is positive
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 16, 2023
- NT 10-Qmissed a reporting deadline ↗Nov 9, 2022
- NT 10-Kmissed a reporting deadline ↗Mar 17, 2015
- NT 10-Qmissed a reporting deadline ↗May 13, 2014
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Rabil AlbertPassive (13G)May 28, 2026
- Morgan StanleyPassive (13G)May 12, 2026
- Vanguard Group IncPassive (13G)Mar 27, 2026
- Hoak Public Equities, LpActivist (13D)Feb 24, 2026
- Dc Vga LlcActivist (13D)Aug 22, 2025
- Garnet Equity Capital Holdings, Inc.Passive (13G)Aug 14, 2025
- Windward Management LpPassive (13G)May 13, 2025
- Awm Investment Company, Inc.Passive (13G)Feb 7, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Scherping Katherine LeeDirector | May 27, 2026 | Sell | 1,845 | $12.82 |
| Weinswig MarkOfficer — Chief Financial Officer | May 3, 2026 | Option exercise | 6,688 | — |
| Wynne Megan S.Officer — General Counsel | Apr 1, 2026 | Option exercise | 1,450 | — |
| Keirn CrisOfficer — CEO | May 1, 2026 | Option exercise | 4,266 | — |
| Haspel LeeDirector | Apr 20, 2026 | Grant | 13,880 | $0.00 |
| Kelley DanielaDirector | Apr 20, 2026 | Grant | 13,880 | $0.00 |
| Wynne Megan S.Officer — General Counsel | Apr 1, 2026 | Option exercise | 3,478 | — |
| Keirn CrisOfficer — CEO | Apr 1, 2026 | Option exercise | 3,974 | — |
| Wolfe AndrewDirector | Apr 1, 2026 | Grant | 16,634 | $0.00 |
| Sze JuliaDirector | Apr 1, 2026 | Grant | 16,634 | $0.00 |
| Scherping Katherine LeeDirector | Apr 1, 2026 | Grant | 16,634 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 2.7M | 9.3 | +6.0% |
| Apr 30, 2026 | 2.6M | 18.8 | +6.5% |
| Apr 15, 2026 | 2.4M | 11.3 | -5.8% |
| Mar 31, 2026 | 2.6M | 6.0 | -8.2% |
| Mar 13, 2026 | 2.8M | 9.1 | -15.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Director / officer change · Regulation FD disclosureMay 20, 2026
- Results of operationsMay 7, 2026
- Entered a material agreement · New financial obligation · Regulation FD disclosureMay 4, 2026
- Director / officer changeApr 21, 2026
- Results of operationsMar 12, 2026
- Entered a material agreementMar 12, 2026
- Director / officer changeMar 6, 2026
- Entered a material agreementDec 30, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (2)
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