Corsair Gaming, Inc. (CRSR): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico do hardware de jogos, a Corsair Gaming, Inc. (CRSR) surge como uma potência, transformando como os jogadores experimentam entretenimento digital por meio de periféricos meticulosamente projetados e tecnologia de ponta. Ao mapear estrategicamente seu modelo de negócios em nove dimensões críticas, a Corsair criou um ecossistema inovador que atende a atletas profissionais de esports, entusiastas de jogos apaixonados e criadores de conteúdo que buscam desempenho premium. Desde componentes de computadores de alto desempenho a estratégias de marketing sofisticadas, essa exploração revela o intrincado plano que impulsiona o notável sucesso do Corsair no cenário competitivo da tecnologia de jogos.

Corsair Gaming, Inc. (CRSR) - Modelo de negócios: Parcerias -chave

Parcerias estratégicas com os principais fabricantes de componentes de PC

A Corsair mantém parcerias estratégicas com os seguintes fabricantes de componentes de PC seguintes:

Fabricante	Detalhes da parceria	Foco de colaboração
Nvidia	Integração de componentes da placa gráfica	Hardware de jogo de alto desempenho
Intel	Compatibilidade e otimização do processador	Desenvolvimento de componentes para PC para jogos
AMD	Colaboração de placa de processador e gráfico	Soluções de computação de desempenho

Colaboração com equipes de eSports e jogadores profissionais

As parcerias de eSports da Corsair incluem:

• Patrocínio da equipe de eSports Cloud9
• Equipe Liquid Professional Gaming Collaboration
• Parcerias individuais de streamer com influenciadores Twitch

Relacionamentos com varejistas on -line

Varejista	Canal de vendas	Alcance do mercado
Amazon	Plataforma de vendas online primária	Distribuição global de comércio eletrônico
Newegg	Mercado de hardware de computador especializado	Segmento de consumidor focado em tecnologia
Best Buy	Varejo de tijolo e argamassa e varejo online	Broad Consumer Electronics Market

Parcerias com desenvolvedores de jogos e plataformas de streaming

• Twitch Streaming Platform Integration
• Discord Collaboration for Gaming Periférs
• Compatibilidade de hardware da Epic Games

Relacionamentos OEM com integradores de sistemas de computador

Integrator de sistema	Tipo de parceria	Integração do produto
Origem PC	Fornecimento de componentes e design personalizado	Componentes do sistema de jogos de ponta
CyberPowerpc	Compatibilidade e suprimento de hardware	Soluções de computador de jogo pré -construído
ibuyPower	Parceria de componente OEM	Manufatura de PC para jogos personalizados

Corsair Gaming, Inc. (CRSR) - Modelo de negócios: Atividades -chave

Design de produto e engenharia para periféricos de jogos

Em 2023, a Corsair investiu US $ 64,3 milhões em design e engenharia de produtos, representando 7,2% da receita total. A empresa mantém uma equipe de engenharia dedicada de 187 profissionais focados na inovação periférica de jogos.

Categoria de design	Investimento anual	Tamanho da equipe de engenharia
Periféricos de jogos	US $ 64,3 milhões	187 profissionais

Fabricação de componentes de computador de alto desempenho

A Corsair opera instalações de fabricação com capacidade de produção de 2,4 milhões de unidades anualmente. A taxa de eficiência de fabricação da empresa é de 92,5%, com locais estratégicos de produção na China e Taiwan.

• Capacidade anual de produção: 2,4 milhões de unidades
• Eficiência de fabricação: 92,5%
• Locais de fabricação primária: China, Taiwan

Pesquisa e desenvolvimento de hardware para jogos

Em 2023, a Corsair alocou US $ 78,6 milhões para a P&D, o que representa 8,9% da receita total da empresa. A equipe de P&D é composta por 215 engenheiros e pesquisadores especializados.

Investimento em P&D	Porcentagem de receita	Tamanho da equipe de P&D
US $ 78,6 milhões	8.9%	215 profissionais

Marketing e promoção da marca na comunidade de jogos

A Corsair gastou US $ 42,5 milhões em marketing em 2023, com foco em patrocínios de eSports, eventos de jogos e canais de marketing digital. A empresa mantém parcerias com 47 equipes profissionais de eSports.

• Orçamento anual de marketing: US $ 42,5 milhões
• Equipe Esports Parcerias: 47 equipes
• Canais de marketing: plataformas digitais, eventos de jogo, patrocínios de esports

Desenvolvimento de software para acessórios para jogos

A Corsair mantém uma equipe dedicada de desenvolvimento de software de 95 profissionais, investindo US $ 22,7 milhões em inovação de software para acessórios para jogos e plataformas de gerenciamento periférico.

Investimento em desenvolvimento de software	Tamanho da equipe de software	Foco primário
US $ 22,7 milhões	95 profissionais	Plataformas de software de acessórios para jogos

Corsair Gaming, Inc. (CRSR) - Modelo de negócios: Recursos -chave

Recursos avançados de engenharia e design

A Corsair mantém uma equipe dedicada de P&D de 215 engenheiros a partir do terceiro trimestre de 2023, com um investimento anual de P&D de US $ 57,4 milhões. A empresa desenvolveu 127 designs exclusivos de produtos em periféricos e componentes de jogos.

Métrica de P&D	Valor
Número de engenheiros	215
Investimento anual de P&D	US $ 57,4 milhões
Designs exclusivos de produtos	127

Portfólio de propriedade intelectual

Corsair segura 42 patentes ativas através de hardware de jogo e tecnologias periféricas. A empresa registrou marcas comerciais em 23 categorias de produtos.

• Total de patentes ativas: 42
• Categorias de marcas comerciais: 23
• Áreas de patentes: periféricos de jogos, sistemas de refrigeração, componentes de computador

Reputação da marca

A Corsair ocupa a 1º lugar na participação de mercado periférico de jogos com 24,6% de penetração no mercado global. Avaliação da marca estimada em US $ 412 milhões em 2023.

Métrica da marca	Valor
Participação de mercado global	24.6%
Avaliação da marca	US $ 412 milhões

Recursos de força de trabalho

Contagem total de funcionários: 1.127 em dezembro de 2023. Redução técnica da força de trabalho:

Departamento	Contagem de funcionários
Engenharia	215
Marketing	187
Desenvolvimento de produtos	156

Cadeia de suprimentos global

A Corsair opera centros de fabricação e distribuição em 7 países, com 12 parceiros de fabricação e redes de logística primárias abrangendo 45 países.

• Centros de fabricação: 7 países
• Parceiros de fabricação: 12
• Rede de distribuição: 45 países

Corsair Gaming, Inc. (CRSR) - Modelo de negócios: proposições de valor

Hardware de jogo premium e de alto desempenho

A Corsair oferece hardware de jogo de ponta com a linha de preços de produtos a seguir:

Categoria de produto	Faixa de preço médio	Receita anual (2023)
Teclados para jogos	$99 - $249	US $ 48,3 milhões
Ratos para jogos	$59 - $179	US $ 37,6 milhões
Fones de ouvido para jogos	$79 - $329	US $ 52,1 milhões

Produtos inovadores e tecnologicamente avançados

As inovações tecnológicas da Corsair incluem:

• Interruptores de teclado mecânicos ópticos
• Designs de mouse de jogos ultra-leves
• Tecnologia de sincronização de iluminação RGB

Ecossistema abrangente de periféricos de jogos

Aparelhamento do ecossistema de produtos:

Linha de produtos	Número de modelos de produtos	Quota de mercado
Periféricos de jogos	87 modelos distintos	12,4% de participação de mercado global
Componentes do PC	64 modelos distintos	8,7% de participação de mercado global

Equipamentos de nível profissional para entusiastas

Especificações do produto de nível profissional:

• Interruptores mecânicos classificados para 70 milhões de teclas
• Ratos para jogos com 20.000 sensores dpi
• Fones de ouvido com drivers de neodímio de 50 mm

Componentes de computador confiáveis ​​e duráveis

Métricas de durabilidade e confiabilidade:

Componente	Período de garantia	Tempo médio entre falhas (MTBF)
Teclados para jogos	2 anos	150.000 horas
Ratos para jogos	2 anos	120.000 horas
Unidades de fonte de alimentação	7 anos	200.000 horas

Corsair Gaming, Inc. (CRSR) - Modelo de negócios: Relacionamentos do cliente

Suporte ao cliente online direto

A Corsair fornece suporte ao cliente por meio de vários canais:

Canal de suporte	Detalhes
Bate -papo ao vivo	Disponível das 8h às 17h PST, de segunda a sexta
Suporte por e -mail	Tempo de resposta dentro de 24 a 48 horas
Suporte telefônico	1-888-222-4246 (número gratuito dos EUA)

Engajamento ativo através de canais de mídia social

A Corsair mantém a presença ativa das mídias sociais entre as plataformas:

• Twitter: 527.000 seguidores
• Facebook: 412.000 seguidores
• Instagram: 368.000 seguidores
• YouTube: 283.000 assinantes

Desenvolvimento de produtos orientado pela comunidade

Corsair envolve a comunidade através de:

• Fóruns da Comunidade Corsair com mais de 250.000 usuários registrados
• Canais de feedback do produto
• Programas de teste beta

Programas de fidelidade e fóruns de usuários

Programa	Detalhes
Software Corsair ICUE	Plataforma de personalização gratuita para usuários
Programa de recompensas de elite	Sistema baseado em pontos para clientes recorrentes

Serviços técnicos de suporte e garantia

A Corsair oferece suporte técnico abrangente:

• Garantia padrão: Garantia limitada de 2 anos para a maioria dos produtos
• Garantia estendida: Cobertura opcional de 3 anos disponível
• Recursos de solução de problemas on -line
• Serviços de substituição e reparo

Corsair Gaming, Inc. (CRSR) - Modelo de negócios: canais

Site direto de comércio eletrônico

A Corsair opera a plataforma oficial de comércio eletrônico Corsair.com, gerando US $ 275,3 milhões em vendas diretas on-line em 2022.

Plataformas de varejo on -line

Plataforma	Volume de vendas	Quota de mercado
Amazon	US $ 87,6 milhões	32.5%
Newegg	US $ 42,3 milhões	15.7%
Best Buy Online	US $ 33,5 milhões	12.4%

Lojas eletrônicas de tijolo e argamassa

• Best Buy Physical Stores: 18% da receita total de varejo
• Micro Center: 12% das vendas físicas no varejo
• GameStop: 8% das vendas físicas no varejo

Varejistas especializados em jogos e computadores

Os varejistas especializados representam US $ 96,4 milhões em vendas anuais, representando 35,8% da receita total do canal de varejo.

Vendas diretas para integradores de sistema

Integrator de sistema	Volume anual de compra
ibuyPower	US $ 45,2 milhões
CyberPowerpc	US $ 38,7 milhões
Origem PC	US $ 22,5 milhões

Corsair Gaming, Inc. (CRSR) - Modelo de negócios: segmentos de clientes

Jogadores profissionais de esports

Tamanho do mercado: estimado 500.000 players profissionais de esports globalmente em 2023

Características do segmento	Detalhes específicos
Gastos anuais de equipamentos	$ 3.500 - US $ 5.000 por jogador
Preferências primárias do produto	Periféricos e componentes de jogos de alto desempenho

Entusiastas de jogos hardcore

Volume total de mercado: 35 milhões de jogadores hardcore na América do Norte e Europa

Aparelhamento demográfico	Percentagem
Idade 18-34	62%
Gastos anuais de hardware para jogos	$ 1.200 - US $ 2.500 por entusiasta

Criadores de conteúdo para jogos para PC

População global de criadores de conteúdo: 1,2 milhão de criadores de conteúdo de jogos ativos

• Canais de jogos do YouTube: 540.000
• Fladers Twitch: 380.000
• Investimento médio de equipamento mensal: US $ 1.800

Entusiastas do hardware do computador

Tamanho do mercado global: 22 milhões de construtores de PC personalizados

Categoria de investimento de hardware	Gastos médios anuais
Componentes de ponta	$2,300
Componentes de gama média	$1,100

Mainstream Gamers e Streamers

Mercado Global Total: 2,8 bilhões de jogadores ativos em 2023

• Jogadores de console: 1,2 bilhão
• Jogadores de PC: 1,6 bilhão
• Gastos médios de hardware de jogo anual: $ 600

Corsair Gaming, Inc. (CRSR) - Modelo de negócios: estrutura de custos

Despesas de pesquisa e desenvolvimento

Para o ano fiscal de 2022, a Corsair Gaming registrou despesas de P&D de US $ 47,5 milhões, representando 6,2% da receita total.

Ano fiscal	Despesas de P&D	Porcentagem de receita
2022	US $ 47,5 milhões	6.2%
2021	US $ 43,2 milhões	5.8%

Custos de fabricação e produção

O custo de mercadorias da Corsair vendido (COGS) para 2022 foi de US $ 685,6 milhões, representando aproximadamente 89,5% da receita total.

• Locais de fabricação primária: China e Taiwan
• Volume anual de produção: aproximadamente 10 milhões de unidades nas linhas de produtos

Investimentos de marketing e publicidade

As despesas de marketing para o ano fiscal de 2022 totalizaram US $ 36,3 milhões, representando 4,7% da receita total.

Canal de marketing	Alocação aproximada
Publicidade digital	45%
Patrocínios de esports	25%
Parcerias de criadores de conteúdo	20%
Mídia tradicional	10%

Cadeia de suprimentos e gerenciamento de logística

As despesas de logística e cadeia de suprimentos para 2022 foram de aproximadamente US $ 52,4 milhões, representando 6,8% da receita total.

• Parceiros de logística primária: DHL, FedEx, UPS
• Centros de distribuição global: 7 locais
• Taxa média de rotatividade de inventário: 4,2 vezes por ano

Overhead operacional e administrativo

As despesas administrativas do ano fiscal de 2022 foram de US $ 44,2 milhões, constituindo 5,8% da receita total.

Categoria de despesa	Quantia	Porcentagem de receita
Salários e benefícios	US $ 28,6 milhões	3.7%
Escritório e instalações	US $ 9,3 milhões	1.2%
Serviços profissionais	US $ 6,3 milhões	0.9%

Corsair Gaming, Inc. (CRSR) - Modelo de negócios: fluxos de receita

Vendas de periféricos de jogos

No terceiro trimestre de 2023, a Corsair registrou receita de periféricos de jogos de US $ 101,2 milhões. As categorias de produtos principais incluem:

Categoria de produto	Receita anual (2022)
Ratos para jogos	US $ 45,6 milhões
Teclados para jogos	US $ 38,7 milhões
Fones de ouvido para jogos	US $ 32,5 milhões

Vendas de hardware de componentes de computador

As vendas de componentes de hardware geraram US $ 87,3 milhões no terceiro trimestre de 2023, com os principais segmentos:

• Módulos de memória
• Fontes de alimentação
• Casos de computador
• Sistemas de resfriamento

Equipamento de streaming e criação de conteúdo

A receita de equipamentos de streaming atingiu US $ 53,4 milhões em 2022, incluindo:

Tipo de equipamento	Contribuição da receita
Microfones	US $ 18,2 milhões
Capture cartões	US $ 15,7 milhões
Streaming webcams	US $ 12,5 milhões

Licenciamento e propriedade intelectual

A receita de licenciamento de 2022 totalizou US $ 6,2 milhões em acordos de tecnologia e licenciamento de marcas.

Serviços de assinatura e software

Os serviços de software geraram US $ 12,5 milhões em 2022, incluindo:

• Ecossistema de software corsair ICUE
• Software de deck elgato stream
• Ferramentas de criação de conteúdo baseadas em nuvem

Receita anual total (2022): US $ 360,5 milhões

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.