Turtle Beach Corporation (TBCH) stock falls on Q4 2025 Earnings

Turtle Beach Corporation (TBCH) reported fourth-quarter 2025 results. Revenue was $118.8 million (down 18.69% year-over-year) and diluted earnings per share were $0.87 (down 11.22% YoY). Shares moved -19.91% since market close.

Key financials:

Total revenue: $118.8 million (down 18.69% year-over-year).

Gross profit: $47.6 million (down 11.84% YoY).

Operating profit: $20.9 million (down 10.61% YoY).

Net income attributable to common shareholders: $17.6 million (down 12.56% YoY).

Diluted EPS: $0.87 (down 11.22% YoY).

Balance sheet and cash flow highlights:

Cash from operating activities: $13.3 million (down 6.83% YoY).

Capital expenditures (purchases of property, plant and equipment): $0.25 million (down 83.57% YoY).

Cash and cash equivalents: $17.0 million (up 30.53% YoY).

Total liabilities: $140.6 million (down 21.15% YoY).

Estimates and market reaction:

Quarterly revenue estimate: $147.0 million, about $28.2 million higher than reported revenue.

Quarterly EPS estimate: $1.14, about $0.27 higher than reported diluted EPS.

Shares declined roughly 19.91% since market close following the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Turtle Beach Corporation Hedge Fund Activity

We have seen 54 institutional investors add shares of Turtle Beach Corporation stock to their portfolio, and 58 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

GOLDMAN SACHS GROUP INC added 457,125 shares (+328.0%) to their portfolio in Q4 2025, for an estimated $6,413,463
FRANKLIN RESOURCES INC added 264,054 shares (+1338.6%) to their portfolio in Q4 2025, for an estimated $3,704,677
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 213,469 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $2,994,970
MANATUCK HILL PARTNERS, LLC removed 210,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $2,946,300
NISHKAMA CAPITAL, LLC removed 192,854 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $2,705,741
MILLENNIUM MANAGEMENT LLC added 187,194 shares (+inf%) to their portfolio in Q4 2025, for an estimated $2,626,331
JPMORGAN CHASE & CO added 183,264 shares (+659.5%) to their portfolio in Q4 2025, for an estimated $2,571,193

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Turtle Beach Corporation Analyst Ratings

Wall Street analysts have issued reports on $TBCH in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Roth Capital issued a "Buy" rating on 11/24/2025
B. Riley Securities issued a "Buy" rating on 10/02/2025

To track analyst ratings and price targets for Turtle Beach Corporation, check out Quiver Quantitative's $TBCH forecast page.

Turtle Beach Corporation Price Targets

Multiple analysts have issued price targets for $TBCH recently. We have seen 3 analysts offer price targets for $TBCH in the last 6 months, with a median target of $20.0.

Here are some recent targets:

Drew Crum from B. Riley Securities set a target price of $20.0 on 03/10/2026
Alicia Reese from Wedbush set a target price of $14.0 on 03/09/2026
Sean McGowan from Roth Capital set a target price of $20.0 on 11/24/2025