Corsair Gaming, Inc. (CRSR): Business Model Canvas

In der dynamischen Welt der Gaming-Hardware erweist sich Corsair Gaming, Inc. (CRSR) als Kraftpaket, das die Art und Weise, wie Gamer digitale Unterhaltung erleben, durch sorgfältig entwickelte Peripheriegeräte und modernste Technologie verändert. Durch die strategische Zuordnung seines Geschäftsmodells in neun kritischen Dimensionen hat Corsair ein innovatives Ökosystem geschaffen, das sich an professionelle E-Sportler, leidenschaftliche Gaming-Enthusiasten und Content-Ersteller richtet, die erstklassige Leistung suchen. Von leistungsstarken Computerkomponenten bis hin zu ausgefeilten Marketingstrategien enthüllt diese Untersuchung den komplizierten Plan, der Corsairs bemerkenswerten Erfolg in der wettbewerbsintensiven Gaming-Technologielandschaft vorantreibt.

Corsair Gaming, Inc. (CRSR) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Partnerschaften mit großen PC-Komponentenherstellern

Corsair unterhält strategische Partnerschaften mit den folgenden wichtigen PC-Komponentenherstellern:

Hersteller	Einzelheiten zur Partnerschaft	Fokus auf Zusammenarbeit
NVIDIA	Integration von Grafikkartenkomponenten	Leistungsstarke Gaming-Hardware
Intel	Prozessorkompatibilität und -optimierung	Entwicklung von Gaming-PC-Komponenten
AMD	Zusammenarbeit von Prozessor und Grafikkarte	Performance-Computing-Lösungen

Zusammenarbeit mit E-Sport-Teams und professionellen Gamern

Zu den E-Sport-Partnerschaften von Corsair gehören:

• Sponsoring des Cloud9-Esportteams
• Professionelle Gaming-Zusammenarbeit mit Team Liquid
• Individuelle Streamer-Partnerschaften mit Twitch-Influencern

Beziehungen zu Online-Händlern

Einzelhändler	Vertriebskanal	Marktreichweite
Amazon	Primäre Online-Verkaufsplattform	Globaler E-Commerce-Vertrieb
Newegg	Spezialisierter Marktplatz für Computerhardware	Technologieorientiertes Verbrauchersegment
Bester Kauf	Stationärer und Online-Handel	Breiter Markt für Unterhaltungselektronik

Partnerschaften mit Spieleentwicklern und Streaming-Plattformen

• Integration der Twitch-Streaming-Plattform
• Discord-Zusammenarbeit für Gaming-Peripheriegeräte
• Epic Games-Hardwarekompatibilität

OEM-Beziehungen mit Computersystemintegratoren

Systemintegrator	Partnerschaftstyp	Produktintegration
ORIGIN-PC	Komponentenlieferung und kundenspezifisches Design	High-End-Gaming-Systemkomponenten
CyberPowerPC	Hardwarekompatibilität und -versorgung	Vorgefertigte Gaming-Computerlösungen
iBuyPower	OEM-Komponentenpartnerschaft	Individuelle Herstellung von Gaming-PCs

Corsair Gaming, Inc. (CRSR) – Geschäftsmodell: Hauptaktivitäten

Produktdesign und Engineering für Gaming-Peripheriegeräte

Im Jahr 2023 investierte Corsair 64,3 Millionen US-Dollar in Produktdesign und -technik, was 7,2 % des Gesamtumsatzes entspricht. Das Unternehmen verfügt über ein engagiertes Ingenieursteam aus 187 Fachleuten, das sich auf die Innovation von Gaming-Peripheriegeräten konzentriert.

Designkategorie	Jährliche Investition	Größe des Engineering-Teams
Gaming-Peripheriegeräte	64,3 Millionen US-Dollar	187 Profis

Herstellung von Hochleistungscomputerkomponenten

Corsair betreibt Produktionsstätten mit einer Produktionskapazität von 2,4 Millionen Einheiten pro Jahr. Die Produktionseffizienz des Unternehmens liegt bei 92,5 %, mit strategischen Produktionsstandorten in China und Taiwan.

• Jährliche Produktionskapazität: 2,4 Millionen Einheiten
• Fertigungseffizienz: 92,5 %
• Hauptproduktionsstandorte: China, Taiwan

Forschung und Entwicklung von Gaming-Hardware

Im Jahr 2023 stellte Corsair 78,6 Millionen US-Dollar für Forschung und Entwicklung bereit, was 8,9 % des Gesamtumsatzes des Unternehmens entspricht. Das F&E-Team besteht aus 215 spezialisierten Ingenieuren und Forschern.

F&E-Investitionen	Prozentsatz des Umsatzes	Größe des F&E-Teams
78,6 Millionen US-Dollar	8.9%	215 Fachkräfte

Marketing und Markenförderung in der Gaming-Community

Corsair gab im Jahr 2023 42,5 Millionen US-Dollar für Marketing aus, wobei der Schwerpunkt auf E-Sport-Sponsoring, Gaming-Events und digitalen Marketingkanälen lag. Das Unternehmen unterhält Partnerschaften mit 47 professionellen E-Sport-Teams.

• Jährliches Marketingbudget: 42,5 Millionen US-Dollar
• Esports-Teampartnerschaften: 47 Teams
• Marketingkanäle: Digitale Plattformen, Gaming-Events, E-Sport-Sponsoring

Softwareentwicklung für Gaming-Zubehör

Corsair verfügt über ein engagiertes Softwareentwicklungsteam von 95 Fachleuten und investiert 22,7 Millionen US-Dollar in Softwareinnovationen für Gaming-Zubehör und Peripherie-Managementplattformen.

Investitionen in die Softwareentwicklung	Größe des Software-Teams	Hauptfokus
22,7 Millionen US-Dollar	95 Profis	Softwareplattformen für Gaming-Zubehör

Corsair Gaming, Inc. (CRSR) – Geschäftsmodell: Schlüsselressourcen

Erweiterte technische und Designfähigkeiten

Corsair verfügt ab dem dritten Quartal 2023 über ein engagiertes F&E-Team von 215 Ingenieuren mit einer jährlichen F&E-Investition von 57,4 Millionen US-Dollar. Das Unternehmen hat 127 einzigartige Produktdesigns für Gaming-Peripheriegeräte und -Komponenten entwickelt.

F&E-Metrik	Wert
Anzahl der Ingenieure	215
Jährliche F&E-Investitionen	57,4 Millionen US-Dollar
Einzigartige Produktdesigns	127

Portfolio für geistiges Eigentum

Corsair hält 42 aktive Patente über Gaming-Hardware und Peripherietechnologien hinweg. Das Unternehmen verfügt über eingetragene Marken in 23 Produktkategorien.

• Gesamtzahl der aktiven Patente: 42
• Markenkategorien: 23
• Patentbereiche: Gaming-Peripheriegeräte, Kühlsysteme, Computerkomponenten

Markenreputation

Corsair ist mit einer weltweiten Marktdurchdringung von 24,6 % die Nummer 1 beim Marktanteil von Gaming-Peripheriegeräten. Der Markenwert wird im Jahr 2023 auf 412 Millionen US-Dollar geschätzt.

Markenmetrik	Wert
Globaler Marktanteil	24.6%
Markenbewertung	412 Millionen Dollar

Fähigkeiten der Belegschaft

Gesamtzahl der Mitarbeiter: 1.127, Stand Dezember 2023. Aufteilung der technischen Belegschaft:

Abteilung	Mitarbeiterzahl
Ingenieurwesen	215
Marketing	187
Produktentwicklung	156

Globale Lieferkette

Corsair betreibt Produktions- und Vertriebszentren in sieben Ländern mit zwölf Hauptfertigungspartnern und Logistiknetzwerken in 45 Ländern.

• Produktionszentren: 7 Länder
• Fertigungspartner: 12
• Vertriebsnetz: 45 Länder

Corsair Gaming, Inc. (CRSR) – Geschäftsmodell: Wertversprechen

Hochwertige, leistungsstarke Gaming-Hardware

Corsair bietet High-End-Gaming-Hardware mit der folgenden Produktpreisspanne an:

Produktkategorie	Durchschnittliche Preisspanne	Jahresumsatz (2023)
Gaming-Tastaturen	$99 - $249	48,3 Millionen US-Dollar
Gaming-Mäuse	$59 - $179	37,6 Millionen US-Dollar
Gaming-Headsets	$79 - $329	52,1 Millionen US-Dollar

Innovative und technologisch fortschrittliche Produkte

Zu den technologischen Innovationen von Corsair gehören:

• Optisch-mechanische Tastaturschalter
• Ultraleichte Gaming-Maus-Designs
• RGB-Beleuchtungssynchronisationstechnologie

Umfassendes Ökosystem von Gaming-Peripheriegeräten

Aufschlüsselung des Produktökosystems:

Produktlinie	Anzahl der Produktmodelle	Marktanteil
Gaming-Peripheriegeräte	87 verschiedene Modelle	12,4 % Weltmarktanteil
PC-Komponenten	64 verschiedene Modelle	8,7 % Weltmarktanteil

Professionelle Ausrüstung für Enthusiasten

Produktspezifikationen für Profis:

• Mechanische Schalter sind für 70 Millionen Tastenanschläge ausgelegt
• Gaming-Mäuse mit 20.000 DPI-Sensoren
• Headsets mit 50-mm-Neodym-Treibern

Zuverlässige und langlebige Computerkomponenten

Haltbarkeits- und Zuverlässigkeitskennzahlen:

Komponente	Garantiezeitraum	Mittlere Zeit zwischen Ausfällen (MTBF)
Gaming-Tastaturen	2 Jahre	150.000 Stunden
Gaming-Mäuse	2 Jahre	120.000 Stunden
Netzteile	7 Jahre	200.000 Stunden

Corsair Gaming, Inc. (CRSR) – Geschäftsmodell: Kundenbeziehungen

Direkter Online-Kundensupport

Corsair bietet Kundensupport über mehrere Kanäle:

Support-Kanal	Details
Live-Chat	Montags bis freitags von 8:00 bis 17:00 Uhr (PST) verfügbar
E-Mail-Support	Reaktionszeit innerhalb von 24–48 Stunden
Telefonsupport	1-888-222-4246 (gebührenfreie US-Nummer)

Aktives Engagement über Social-Media-Kanäle

Corsair unterhält eine aktive Social-Media-Präsenz auf allen Plattformen:

• Twitter: 527.000 Follower
• Facebook: 412.000 Follower
• Instagram: 368.000 Follower
• YouTube: 283.000 Abonnenten

Community-gesteuerte Produktentwicklung

Corsair bindet die Community ein durch:

• Corsair-Community-Foren mit mehr als 250.000 registrierten Benutzern
• Produkt-Feedback-Kanäle
• Betatestprogramme

Treueprogramme und Benutzerforen

Programm	Details
Corsair iCUE-Software	Kostenlose Anpassungsplattform für Benutzer
Elite-Prämienprogramm	Punktebasiertes System für Stammkunden

Technischer Support und Garantieleistungen

Corsair bietet umfassenden technischen Support:

• Standardgarantie: 2 Jahre eingeschränkte Garantie für die meisten Produkte
• Erweiterte Garantie: Optionaler 3-Jahres-Versicherungsschutz verfügbar
• Online-Ressourcen zur Fehlerbehebung
• Austausch- und Reparaturdienstleistungen

Corsair Gaming, Inc. (CRSR) – Geschäftsmodell: Kanäle

Direkte E-Commerce-Website

Corsair betreibt die offizielle E-Commerce-Plattform corsair.com und generiert im Jahr 2022 direkte Online-Verkäufe in Höhe von 275,3 Millionen US-Dollar.

Online-Einzelhandelsplattformen

Plattform	Verkaufsvolumen	Marktanteil
Amazon	87,6 Millionen US-Dollar	32.5%
Newegg	42,3 Millionen US-Dollar	15.7%
Am besten online kaufen	33,5 Millionen US-Dollar	12.4%

Stationäre Elektronikgeschäfte

• Best Buy-Filialen: 18 % des gesamten Einzelhandelsumsatzes
• Micro Center: 12 % des physischen Einzelhandelsumsatzes
• GameStop: 8 % des physischen Einzelhandelsumsatzes

Fachhändler für Spiele und Computer

Auf Facheinzelhändler entfällt ein Jahresumsatz von 96,4 Millionen US-Dollar, was 35,8 % des gesamten Einzelhandelsumsatzes entspricht.

Direktvertrieb an Systemintegratoren

Systemintegrator	Jährliches Einkaufsvolumen
iBuyPower	45,2 Millionen US-Dollar
CyberPowerPC	38,7 Millionen US-Dollar
Ursprungs-PC	22,5 Millionen US-Dollar

Corsair Gaming, Inc. (CRSR) – Geschäftsmodell: Kundensegmente

Professionelle Esportspieler

Marktgröße: Schätzungsweise 500.000 professionelle E-Sport-Spieler weltweit im Jahr 2023

Segmentmerkmale	Spezifische Details
Jährliche Ausrüstungsausgaben	3.500 – 5.000 $ pro Spieler
Primäre Produktpräferenzen	Hochleistungs-Gaming-Peripheriegeräte und -Komponenten

Hardcore-Gaming-Enthusiasten

Gesamtmarktvolumen: 35 Millionen Hardcore-Gamer in Nordamerika und Europa

Demografische Aufschlüsselung	Prozentsatz
Alter 18–34	62%
Jährliche Ausgaben für Gaming-Hardware	1.200 bis 2.500 US-Dollar pro Enthusiast

Ersteller von PC-Gaming-Inhalten

Globale Content-Ersteller-Population: 1,2 Millionen aktive Ersteller von Gaming-Inhalten

• YouTube-Gaming-Kanäle: 540.000
• Twitch-Streamer: 380.000
• Durchschnittliche monatliche Ausrüstungsinvestition: 1.800 $

Computer-Hardware-Enthusiasten

Globale Marktgröße: 22 Millionen Hersteller individueller PCs

Kategorie „Hardware-Investitionen“.	Durchschnittliche jährliche Ausgaben
High-End-Komponenten	$2,300
Mittelklasse-Komponenten	$1,100

Mainstream-Gamer und Streamer

Gesamter globaler Markt: 2,8 Milliarden aktive Spieler im Jahr 2023

• Konsolenspieler: 1,2 Milliarden
• PC-Spieler: 1,6 Milliarden
• Durchschnittliche jährliche Ausgaben für Gaming-Hardware: 600 $

Corsair Gaming, Inc. (CRSR) – Geschäftsmodell: Kostenstruktur

Forschungs- und Entwicklungskosten

Für das Geschäftsjahr 2022 meldete Corsair Gaming Forschungs- und Entwicklungskosten in Höhe von 47,5 Millionen US-Dollar, was 6,2 % des Gesamtumsatzes entspricht.

Geschäftsjahr	F&E-Ausgaben	Prozentsatz des Umsatzes
2022	47,5 Millionen US-Dollar	6.2%
2021	43,2 Millionen US-Dollar	5.8%

Herstellungs- und Produktionskosten

Die Herstellungskosten (COGS) von Corsair beliefen sich im Jahr 2022 auf 685,6 Millionen US-Dollar, was etwa 89,5 % des Gesamtumsatzes entspricht.

• Hauptproduktionsstandorte: China und Taiwan
• Jährliches Produktionsvolumen: Ungefähr 10 Millionen Einheiten über alle Produktlinien hinweg

Marketing- und Werbeinvestitionen

Die Marketingausgaben für das Geschäftsjahr 2022 beliefen sich auf insgesamt 36,3 Millionen US-Dollar und machten 4,7 % des Gesamtumsatzes aus.

Marketingkanal	Ungefähre Aufteilung
Digitale Werbung	45%
Esports-Sponsoring	25%
Partnerschaften zur Erstellung von Inhalten	20%
Traditionelle Medien	10%

Supply Chain und Logistikmanagement

Die Logistik- und Lieferkettenkosten beliefen sich im Jahr 2022 auf etwa 52,4 Millionen US-Dollar, was 6,8 % des Gesamtumsatzes entspricht.

• Primäre Logistikpartner: DHL, FedEx, UPS
• Globale Vertriebszentren: 7 Standorte
• Durchschnittliche Lagerumschlagsrate: 4,2 Mal pro Jahr

Betriebs- und Verwaltungsaufwand

Die Verwaltungskosten für das Geschäftsjahr 2022 beliefen sich auf 44,2 Millionen US-Dollar und machten 5,8 % des Gesamtumsatzes aus.

Ausgabenkategorie	Betrag	Prozentsatz des Umsatzes
Gehälter und Zusatzleistungen	28,6 Millionen US-Dollar	3.7%
Büro und Einrichtungen	9,3 Millionen US-Dollar	1.2%
Professionelle Dienstleistungen	6,3 Millionen US-Dollar	0.9%

Corsair Gaming, Inc. (CRSR) – Geschäftsmodell: Einnahmequellen

Verkauf von Gaming-Peripheriegeräten

Im dritten Quartal 2023 meldete Corsair einen Umsatz mit Gaming-Peripheriegeräten von 101,2 Millionen US-Dollar. Zu den Hauptproduktkategorien gehören:

Produktkategorie	Jahresumsatz (2022)
Gaming-Mäuse	45,6 Millionen US-Dollar
Gaming-Tastaturen	38,7 Millionen US-Dollar
Gaming-Headsets	32,5 Millionen US-Dollar

Verkauf von Computerkomponenten-Hardware

Der Umsatz mit Hardwarekomponenten erwirtschaftete im dritten Quartal 2023 87,3 Millionen US-Dollar, mit folgenden Schlüsselsegmenten:

• Speichermodule
• Netzteile
• Computergehäuse
• Kühlsysteme

Streaming- und Content-Erstellungsausrüstung

Der Umsatz mit Streaming-Geräten erreichte im Jahr 2022 53,4 Millionen US-Dollar, darunter:

Gerätetyp	Umsatzbeitrag
Mikrofone	18,2 Millionen US-Dollar
Capture-Karten	15,7 Millionen US-Dollar
Streaming-Webcams	12,5 Millionen US-Dollar

Lizenzierung und geistiges Eigentum

Die Lizenzeinnahmen für 2022 beliefen sich auf insgesamt 6,2 Millionen US-Dollar aus Technologie- und Markenlizenzvereinbarungen.

Abonnement- und Softwaredienste

Softwaredienstleistungen erwirtschafteten im Jahr 2022 12,5 Millionen US-Dollar, darunter:

• Corsair iCUE-Software-Ökosystem
• Elgato Stream Deck-Software
• Cloudbasierte Tools zur Inhaltserstellung

Gesamtjahresumsatz (2022): 360,5 Millionen US-Dollar

Corsair Gaming, Inc. (CRSR) - Canvas Business Model: Value Propositions

The core value proposition of Corsair Gaming, Inc. centers on delivering high-performance, enthusiast-grade hardware and integrated ecosystems that directly translate to measurable gains in gaming, content creation, and simulation performance.

High-performance, integrated PC gaming and streaming ecosystem.

The integrated ecosystem is evidenced by strong segment performance, driven by hardware refresh cycles like the NVIDIA 5000 series GPUs. The Components & Systems segment, which houses core PC hardware, grew over 15% year-over-year in Q3 2025, contributing $233.1 million in net revenue for that quarter alone. The overall company reaffirmed its full-year 2025 net revenue outlook to be in the range of $1.425 billion to $1.475 billion. This ecosystem approach is supported by a total gross margin of 26.9% in Q3 2025, an increase of 400 basis points compared to Q3 2024, reflecting a favorable product mix.

The business is structured across two primary reporting segments:

Segment	Q3 2025 Net Revenue ($M)	Year-over-Year Growth (Q3 2025)
Gaming Components and Systems	233.1	Over 15%
Gamer and Creator Peripherals	112.7	9% (Q2 2025 growth rate cited)

Premium, pro-grade sim racing equipment via Fanatec.

The Fanatec brand is positioned as a trusted innovator in sim racing, securing partnerships with major entities including BMW, Porsche, Red Bull, and Sparco. New product introductions like the Podium DD Direct Drive wheelbase and podium pedals have seen very positive community response. The integration of this premium hardware into the ecosystem is exemplified by the ORIGIN PC Racing Sim PC, which is built to support direct drive wheels and motion platforms.

Content creation tools like Elgato Stream Deck for streamers.

The Gamer and Creator Peripherals segment, which includes Elgato, delivered $112.7 million in net revenue in Q3 2025, showing 9% year-over-year growth in Q2 2025. Value is delivered through tools like the Stream Deck, which shows growing adoption supported by an active creator community and increasing integration with content creation platforms. New pro-grade 4K video tools, such as the Facecam 4K and video capture 4K S, launched with better availability and at a more accessible price point. The company also introduced the Virtual Stream Deck integration embedded into new gaming hardware.

Custom-built, high-end ORIGIN PC systems.

ORIGIN PC systems are tailored for maximum performance, such as the Racing Sim PC, which targets 4K and VR enthusiasts. The Ultra AMD configuration of the Racing Sim PC was listed at $4,400, discounted to $3,900, demonstrating the premium tier of this offering. Every build in this line includes 32GB CORSAIR VENGEANCE DDR5 memory and ships with a 2-year warranty with U.S.-based support. The company also launched the ORIGIN PC AI Workstation 300 to address AI-native applications and creative workloads.

Superior memory performance, setting multiple DDR5 overclocking world records.

Corsair Gaming, Inc. continues to emphasize superior memory performance, citing multiple DDR5 overclocking world records as an achievement. The market for high-performance DDR5 memory has seen extreme price volatility, underscoring the premium nature of these components. Memory products specifically contributed $117.2 million to the Components and Systems segment revenue in Q3 2025. The price inflation for enthusiast-grade kits is stark:

• DDR5-6000 CL30 32GB kit price increased from approximately 140 € in September 2025 to approximately 265 € in November 2025, an evolution of +89%.
• DDR5-6400 CL30 32GB kit price increased from approximately 190 € in September 2025 to approximately 390 € in November 2025, an evolution of +105%.
• The Corsair Vengeance RGB 32 GB DDR5 kit price rose from $210 in the summer to $410 by late November 2025.

The company is actively managing this market tightness, with memory gross margin increasing to 16.8% in Q3 2025.

Corsair Gaming, Inc. (CRSR) - Canvas Business Model: Customer Relationships

You're looking at how Corsair Gaming, Inc. (CRSR) keeps its high-end hardware users engaged, which is key when your Q3 2025 net revenue hit $345.8 million.

Dedicated customer support and warranty for high-end components

Corsair Gaming, Inc. backs its premium gear with support channels including online knowledge bases, forums, email, and telephone support for troubleshooting and warranty claims. The commitment to longevity is clear in the warranty structure, which is non-transferable to the original purchaser except where local law dictates. For instance, all new Corsair branded products carry a minimum of a 2-year warranty. For mission-critical components, the coverage extends significantly, which helps assure buyers investing in their systems.

Product Category Example	Warranty Period
AXi Series Power Supply Units (PSUs)	10-year
HXi Series PSUs	10-year
RMe Series PSUs	7-year
Headset Products	2-year

If you buy a refurbished or Revival Series product, the warranty shortens to 90 days. Any replacement product gets the remainder of the original warranty or 30 days, whichever is greater.

Community-driven product development via the Drop brand

The Drop brand operates as the leading community-driven mechanical keyboard brand, integrating enthusiast feedback directly into product iteration. This collaborative approach extends to other areas, such as the Fanatec sim racing line, which saw strong initial adoption following the launch of products like the Podium DD Direct Drive wheelbase and podium pedals, receiving very positive community response. The Gamer and Creator Peripherals Segment, which includes keyboards, generated $112.7 million in net revenue in Q3 2025.

Direct engagement with streamers and content creators (Elgato)

Direct engagement with the creator economy is a major relationship pillar, largely driven by the Elgato brand. Elgato continues to lead the streaming and content creation market, supported by sustained demand for its Stream Deck line. The Elgato Stream Deck Studio won the prestigious Best of Show Award at ISE 2025, underscoring its role in setting new standards for live production control. The segment housing these creator tools saw its Q3 2025 revenue reach $112.7 million.

• Elgato is actively sponsoring the OBS Project, funding new innovations on the free, open-source platform.
• The company launched AI-enhanced tools like the AI Prompter and AI Wavelink with AiCoustic.
• Elgato is expanding its ecosystem with the "Stream Deck Everywhere" strategy, aiming for broader accessibility.

Building brand loyalty through an integrated software platform (iCUE)

Brand stickiness is heavily reliant on the integrated software experience, primarily through iCUE. Corsair Gaming, Inc. maintains continuous development and release of updates for its iCUE software to improve functionality and compatibility across its ecosystem of peripherals and components. This platform helps tie disparate hardware together, encouraging repeat purchases within the ecosystem. The company is also integrating AI road map features across its offerings, which is expected to enhance usability and performance tuning for enthusiasts.

Online forums and social media for enthusiast community interaction

The company supports its enthusiast base through active online forums and social media channels, facilitating direct interaction that feeds back into product development. The overall customer response to recent product road maps, including launches in the Components and Systems segment, which grew revenue by over 15% year-over-year in Q3 2025, suggests strong resonance with the enthusiast community. The overall full-year 2025 net revenue outlook is projected to be between $1.425 billion and $1.475 billion.

• The Components and Systems segment saw revenue growth of over 15% year-over-year in Q3 2025, fueled by demand for high-performance PC builds.
• The overall gross margin improved to 26.9% in Q3 2025, up from 24.1% in Q3 2024, indicating positive product mix and customer acceptance of higher-margin gear.

Corsair Gaming, Inc. (CRSR) - Canvas Business Model: Channels

The distribution strategy for Corsair Gaming, Inc. relies on a broad, multi-channel approach to reach its enthusiast base across the globe. This network ships products to nearly 80 countries across six continents.

E-commerce platforms and Direct-to-Consumer (D2C) sales remain a core part of moving product. Corsair Gaming, Inc. products are sold at leading online retailers such as Amazon, as well as specialized PC hardware sites like Newegg. The company also maintains its own D2C website presence.

The reliance on third-party distribution is significant, with channel partners generating 57.4% of total net revenue in 2024. The company has long-standing relationships with distributors and retailers globally.

The geographic revenue mix shows a strong concentration in established markets, though growth focus is shifting. For the third quarter of 2025, the regional contribution to net revenue was:

Region	Q3 2025 Revenue Contribution	Q2 2025 Revenue Contribution
Europe (including Middle East and North Africa)	40%	34%
APAC	13%	14%

For the full year 2024, the split across the main geographic sales organizations was:

• Americas: 52.9% of net revenue.
• EMEA: 36.2% of net revenue.
• Asia Pacific: 10.9% of net revenue.

Corsair Gaming, Inc. is actively scaling up its presence in underserved markets. Management has specifically cited geographic expansion into Asia and Latin America as a key strategic growth lever. The company noted momentum in Asia during Q2 2025 following targeted investments in local sales force and regional management to build out distributor networks.

The company utilizes specialized channels for premium product lines. Corsair Gaming, Inc. began the global rollout of its Fanatec-branded racing products through expanded channel partners late in Q2 2025. This move targets the sim racing category, which had an estimated total addressable market of approximately $1 billion in 2024. While the structure includes supplying products to specialist and gaming PC builders, specific revenue contribution data for system integrators like ORIGIN PC for 2025 isn't explicitly detailed in the latest reports.

The overall channel strategy involves:

• Shipping products directly to major retailers like Walmart and MediaMarkt.
• Supplying products to thousands of smaller online and brick-and-mortar retailers through distributors.
• Focusing on product categories where premium pricing and margin improvement can be commanded.

Finance: draft 13-week cash view by Friday.

Corsair Gaming, Inc. (CRSR) - Canvas Business Model: Customer Segments

PC enthusiasts and DIY PC builders seeking performance components. This group drives demand within the Gaming Components and Systems Segment, which saw net revenue of $257.8 million for the first quarter ended March 31, 2025. For the second quarter ended June 30, 2025, this segment delivered $217.5 million in net revenue. By the third quarter ended September 30, 2025, the segment grew to $233.1 million in net revenue.

Professional and competitive gamers (SCUF controllers, high-end peripherals). This group falls under the Gamer and Creator Peripherals Segment. This segment generated $112.0 million in net revenue in Q1 2025 and $102.6 million in Q2 2025. In Q3 2025, the segment contributed $112.7 million of net revenue.

Content creators and live streamers (Elgato products). Growth for the Elgato brand is supported by the 'growing adoption of Stream Deck' and sustained demand for its video capture solutions. This customer base is included in the Gamer and Creator Peripherals Segment figures.

SIM driving enthusiasts and professional racers (Fanatec products). The acquisition of Fanatec was a key driver, with Q1 2025 revenue growth attributed 'primarily to the acquisition and initial integration of Fanatec'. Corsair began the global rollout of its Fanatec-branded racing products late in Q2 2025.

Casual gamers seeking reliable, mid-range peripherals. This group is served by the broader peripherals offerings, alongside the more enthusiast-focused products. The overall net revenue for the first nine months of 2025 reached $1.0 billion, with a full-year 2025 outlook reaffirmed between $1.4 billion to $1.6 billion.

Here's a quick look at the segment revenue performance for the first three quarters of 2025:

Time Period	Gaming Components & Systems Segment Revenue	Gamer & Creator Peripherals Segment Revenue
Q1 2025	$257.8 million	$112.0 million
Q2 2025	$217.5 million	$102.6 million
Q3 2025	$233.1 million	$112.7 million

The performance within these segments shows clear trends:

• PC builder demand was fueled by the adoption of NVIDIA's 5000 series GPUs.
• Memory products, a key component for builders, contributed $141.1 million in Q1 2025 revenue.
• The Gamer and Creator Peripherals Segment saw year-over-year revenue growth of 9% in Q2 2025.
• The Gamer and Creator Peripherals Segment saw year-over-year revenue growth of 10.5% in Q3 2025.

Corsair Gaming, Inc. (CRSR) - Canvas Business Model: Cost Structure

You're looking at the expense side of the ledger for Corsair Gaming, Inc. (CRSR) as of late 2025, and honestly, it's a story of component costs, strategic spending, and navigating global trade headwinds. The structure is heavily weighted toward the physical goods they sell, but they're also spending to keep their product pipeline fresh.

Cost of Goods Sold (COGS) for memory and components is a major driver. This is where the bulk of the money goes, naturally, since they sell hardware. For the third quarter of 2025, the implied COGS was about $\text{\$252.7 million}$ (calculated as Revenue of $\text{\$345.8 million}$ minus Gross Profit of $\text{\$93.1 million}$). To give you a sense of scale, for the full fiscal year 2024, COGS stood at $\text{\$988.8 million}$, representing $\text{75.1%}$ of the total revenue for that year. The growth in the Gaming Components and Systems segment, which was over $\text{15%}$ year-over-year in Q3 2025, shows that the cost of memory products and high-wattage PSUs is definitely moving the needle on this line item.

The company is making real progress on managing these costs, though. For the first nine months of 2025, they managed to grow Gross Profit by $\text{28%}$ to $\text{\$281.3 million}$, even with external pressures. That's a clear sign of operational discipline kicking in.

Here's a quick look at how the key operating expenses stacked up for the third quarter of 2025:

Expense Category	Q3 2025 Amount (Millions USD)	First Nine Months 2025 Amount (Millions USD)
Sales, General, and Administrative (SG&A)	$82.0	Not explicitly provided, but Q3 2024 was $\text{\$74.1 million}$
Research and Development (R&D)	$16.7	Not explicitly provided, but FY 2024 was $\text{\$67.5 million}$

Significant investment in Research and Development (R&D) for new products. You can't sell new high-end components and peripherals without spending on what's next. In Q3 2025, R&D spend was $\text{\$16.7 million}$, which was slightly down from $\text{\$17.5 million}$ in Q2 2025, showing they are balancing innovation with cost control. This spending supports things like the DDR5 overclocking records and the development of AI-integrated products.

Sales, General, and Administrative (SG&A) expenses, including marketing. SG&A is a key area where management is showing diligence. For Q3 2025, SG&A was $\text{\$82 million}$, which was an improvement from $\text{\$85.3 million}$ in the second quarter of 2025, even as revenue grew. This focus on controlling overhead helps drive margin expansion; for instance, Adjusted EBITDA improved $\text{236%}$ to $\text{\$16.2 million}$ in Q3 2025 compared to Q3 2024.

Logistics and supply chain costs, including mitigating $\text{12 million}$ in unforeseen tariffs. This is a concrete, quantifiable hit to the cost structure. Corsair Gaming sustained $\text{\$12 million}$ in unforeseen tariff costs since May 2025. To combat this, the company has been focused on supply chain agility, proactive sourcing, and pricing actions to protect margins. They moved production out of China years ago to mitigate initial tariff rounds, but new developments still cost them real money.

Manufacturing and assembly costs, often outsourced to third parties. While the exact dollar amount for outsourced assembly isn't broken out separately from COGS, the strategy relies on this model. The operational efficiency gains mentioned, which helped boost the Q3 2025 gross margin to $\text{26.8%}$ (up from $\text{24.1%}$ in Q3 2024), are directly tied to how effectively they manage these third-party relationships and product mix.

You should definitely track the full-year 2025 guidance against these trends. The updated net revenue guidance is set between $\text{\$1.425 billion and \$1.475 billion}$, and they expect to exit 2025 with a solid year-over-year improvement in EBITDA margin.

Finance: draft 13-week cash view by Friday.

Corsair Gaming, Inc. (CRSR) - Canvas Business Model: Revenue Streams

You're looking at how Corsair Gaming, Inc. (CRSR) brings in the cash, focusing on the latest hard numbers from their operating segments as of late 2025. It's all about product mix and scale here.

The revenue streams clearly break down across their core hardware categories. For the third quarter of 2025, the figures show where the sales momentum is sitting. Honestly, the components and systems side remains the biggest piece of the pie, which makes sense given the ecosystem play.

Here's the quick math on the Q3 2025 segment performance:

Revenue Stream Segment	Q3 2025 Revenue (USD)
Gaming Components and Systems sales	$233.1 million
Gamer and Creator Peripherals sales	$112.7 million
Memory products revenue	$117.2 million

If you aggregate those three major streams, you get a solid picture of the quarterly sales base. It defintely shows the balance between high-margin peripherals and the larger volume/value of components and systems. That memory segment, while smaller than components, still pulls in substantial revenue.

Looking ahead, the full-year guidance gives you the expected scale for the entire 2025 fiscal year. This is what management is guiding toward for the top line and profitability.

• Full-year 2025 net revenue outlook range: $1.425 billion to $1.475 billion.
• Full-year 2025 Adjusted EBITDA projection range: $85 million to $90 million.

The revenue outlook suggests a strong finish to the year, pushing the total past the 1.4 billion mark. That EBITDA projection tells you what they expect to keep from that revenue after certain operating costs. It's the expected profitability range you need to model against.