Corsair Gaming (CRSR) 10-Q 7 Nov 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Oct. 25, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Registrant Name	Corsair Gaming, Inc.
Entity Central Index Key	0001743759
Current Fiscal Year End Date	--12-31
Entity Emerging Growth Company	false
Entity File Number	001-39533
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-2335306
Entity Address, Address Line One	115 N. McCarthy Boulevard
Entity Address, City or Town	Milpitas
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95035
City Area Code	510
Local Phone Number	657-8747
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		102,978,569
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	CRSR
Security Exchange Name	NASDAQ

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net revenue	$ 363,193	$ 311,769	$ 1,042,589	$ 976,368
Cost of revenue	273,840	240,209	785,000	777,593
Gross profit	89,353	71,560	257,589	198,775
Operating expenses:
Sales, general and administrative	74,000	66,932	211,482	216,456
Product development	16,111	15,616	48,542	50,752
Total operating expenses	90,111	82,548	260,024	267,208
Operating loss	(758)	(10,988)	(2,435)	(68,433)
Other (expense) income:
Interest expense, net	(2,529)	(2,734)	(7,875)	(5,689)
Other (expense) income, net	304	1,662	(1,326)	1,796
Total other expense, net	(2,225)	(1,072)	(9,201)	(3,893)
Loss before income taxes	(2,983)	(12,060)	(11,636)	(72,326)
Income tax benefit	97	6,115	3,023	11,262
Net loss	(2,886)	(5,945)	(8,613)	(61,064)
Less: Net income attributable to noncontrolling interest	193	266	958	33
Net loss attributable to Corsair Gaming, Inc.	(3,079)	(6,211)	(9,571)	(61,097)
Calculation of net loss per share attributable to common stockholders of Corsair Gaming, Inc.:
Net loss attributable to Corsair Gaming, Inc.	(3,079)	(6,211)	(9,571)	(61,097)
Change in redemption value of redeemable noncontrolling interest		(2,690)	6,535	(12,330)
Net loss attributable to common stockholders of Corsair Gaming, Inc.	$ (3,079)	$ (8,901)	$ (3,036)	$ (73,427)
Net loss per share attributable to common stockholders of Corsair Gaming, Inc.:
Basic	$ (0.03)	$ (0.09)	$ (0.03)	$ (0.77)
Diluted	$ (0.03)	$ (0.09)	$ (0.03)	$ (0.77)
Weighted-average common shares outstanding:
Basic	102,863	95,858	102,288	95,537
Diluted	102,863	95,858	102,288	95,537

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (2,886)	$ (5,945)	$ (8,613)	$ (61,064)
Other comprehensive gain (loss):
Foreign currency translation adjustments, net of tax benefit of $102 and $520 for the three months ended September 30, 2023 and 2022, respectively, and $148 and $507 for the nine months ended September 30, 2023 and 2022, respectively.	(2,986)	(5,761)	66	(13,173)
Unrealized foreign exchange loss from long-term intercompany loans, net of tax (expense) benefit of nil and $53 for the three months ended September 30, 2023 and 2022, respectively, and $(127) and $127 for the nine months ended September 30, 2023 and 2022, respectively.	(152)	(273)	(174)	(645)
Comprehensive loss	(6,024)	(11,979)	(8,721)	(74,882)
Less: Comprehensive income (loss) attributable to noncontrolling interest	(7)	(265)	668	(962)
Comprehensive loss attributable to Corsair Gaming, Inc.	$ (6,017)	$ (11,714)	$ (9,389)	$ (73,920)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax	$ 102	$ 520	$ 148	$ 507
Unrealized foreign exchange loss from long-term intercompany loans, tax benefit		$ 53	$ (127)	$ 127

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash	$ 144,891	$ 151,180
Restricted cash	2,641	2,647
Accounts receivable, net	251,079	235,656
Inventories	235,556	192,717
Prepaid expenses and other current assets	45,206	40,593
Total current assets	679,373	622,793
Restricted cash, noncurrent	238	233
Property and equipment, net	33,070	34,927
Goodwill	354,865	347,747
Intangible assets, net	196,493	216,255
Other assets	74,110	75,290
Total assets	1,338,149	1,297,245
Current liabilities:
Debt maturing within one year, net	12,130	6,495
Accounts payable	215,456	172,033
Other liabilities and accrued expenses	167,136	164,470
Total current liabilities	394,722	342,998
Long-term debt, net	210,573	232,170
Deferred tax liabilities	15,415	18,054
Other liabilities, noncurrent	42,764	48,589
Total liabilities	663,474	641,811
Commitments and Contingencies (Note 9)
Temporary equity
Redeemable noncontrolling interest	14,647	21,367
Corsair Gaming, Inc. stockholders’ equity:
Preferred stock, $0.0001 par value: 5,000 shares authorized, nil and nil shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively
Common stock, $0.0001 par value: 300,000 shares authorized, 102,968 and 101,385 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively	10	10
Additional paid-in capital	622,428	593,486
Retained earnings	34,187	37,223
Accumulated other comprehensive loss	(6,699)	(6,881)
Total Corsair Gaming, Inc. stockholders’ equity	649,926	623,838
Nonredeemable noncontrolling interest	10,102	10,229
Total permanent equity	660,028	634,067
Total liabilities, temporary equity and permanent equity	$ 1,338,149	$ 1,297,245

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	102,968,000	102,968,000
Common stock, shares outstanding	101,385,000	101,385,000

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Total Corsair Gaming, Inc. Stockholders' Equity	Nonredeemable Noncontrolling Interest
Balance at Dec. 31, 2021	$ 568,180	$ 9	$ 470,364	$ 98,147	$ (340)	$ 568,180
Balance, shares at Dec. 31, 2021		94,510
Issuance of common stock in relation to business acquisition	14,505	$ 1	14,504			14,505
Issuance of common stock in relation to business acquisition, shares		690
Noncontrolling interests from business combination	12,084						$ 12,084
Net income (loss)	(61,083)			(61,097)		(61,097)	14
Other comprehensive income (loss)	(13,229)				(12,823)	(12,823)	(406)
Change in redemption value of redeemable noncontrolling interests	(12,330)			(12,330)		(12,330)
Dividend paid to nonredeemable noncontrolling interest	(900)						(900)
Issuance of common stock in connection with employee equity incentive plans	4,132		4,132			4,132
Issuance of common stock in connection with employee equity incentive plans, shares		822
Shares withheld related to net share settlement	(1,379)		(1,379)			(1,379)
Shares withheld related to net share settlement, shares		(72)
Stock-based compensation	17,012		17,012			17,012
Balance at Sep. 30, 2022	526,992	$ 10	504,633	24,720	(13,163)	516,200	10,792
Balance, shares at Sep. 30, 2022		95,950
Balance at Jun. 30, 2022	535,612	$ 10	498,741	33,621	(7,660)	524,712	10,900
Balance, shares at Jun. 30, 2022		95,780
Net income (loss)	(6,102)			(6,211)		(6,211)	109
Other comprehensive income (loss)	(5,720)				(5,503)	(5,503)	(217)
Change in redemption value of redeemable noncontrolling interests	(2,690)			(2,690)		(2,690)
Issuance of common stock in connection with employee equity incentive plans	624		624			624
Issuance of common stock in connection with employee equity incentive plans, shares		195
Shares withheld related to net share settlement	(402)		(402)			(402)
Shares withheld related to net share settlement, shares		(25)
Stock-based compensation	5,670		5,670			5,670
Balance at Sep. 30, 2022	526,992	$ 10	504,633	24,720	(13,163)	516,200	10,792
Balance, shares at Sep. 30, 2022		95,950
Balance at Dec. 31, 2022	634,067	$ 10	593,486	37,223	(6,881)	623,838	10,229
Balance, shares at Dec. 31, 2022		101,385
Net income (loss)	(9,179)			(9,571)		(9,571)	392
Other comprehensive income (loss)	63				182	182	(119)
Change in redemption value of redeemable noncontrolling interests	6,535			6,535		6,535
Dividend paid to nonredeemable noncontrolling interest	(400)						(400)
Issuance of common stock in connection with employee equity incentive plans	6,790		6,790			6,790
Issuance of common stock in connection with employee equity incentive plans, shares		1,666
Shares withheld related to net share settlement	(1,318)		(1,318)			(1,318)
Shares withheld related to net share settlement, shares		(83)
Stock-based compensation	23,470		23,470			23,470
Balance at Sep. 30, 2023	660,028	$ 10	622,428	34,187	(6,699)	649,926	10,102
Balance, shares at Sep. 30, 2023		102,968
Balance at Jun. 30, 2023	658,691	$ 10	614,671	37,266	(3,761)	648,186	10,505
Balance, shares at Jun. 30, 2023		102,748
Net income (loss)	(3,000)			(3,079)		(3,079)	79
Other comprehensive income (loss)	(3,020)				(2,938)	(2,938)	(82)
Dividend paid to nonredeemable noncontrolling interest	(400)						(400)
Issuance of common stock in connection with employee equity incentive plans	411		411			411
Issuance of common stock in connection with employee equity incentive plans, shares		251
Shares withheld related to net share settlement	(531)		(531)			(531)
Shares withheld related to net share settlement, shares		(31)
Stock-based compensation	7,877		7,877			7,877
Balance at Sep. 30, 2023	$ 660,028	$ 10	$ 622,428	$ 34,187	$ (6,699)	$ 649,926	$ 10,102
Balance, shares at Sep. 30, 2023		102,968

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net loss	$ (8,613)	$ (61,064)
Adjustments to reconcile net loss to net cash provided by operating activities:
Stock-based compensation	23,245	16,877
Depreciation	9,016	7,695
Amortization	29,005	33,924
Deferred income taxes	(7,724)	(19,552)
Other	2,493	1,995
Changes in operating assets and liabilities:
Accounts receivable	(18,070)	133,362
Inventories	(35,452)	54,371
Prepaid expenses and other assets	(4,551)	(7,132)
Accounts payable	38,287	(74,091)
Other liabilities and accrued expenses	4,424	(41,243)
Net cash provided by operating activities	32,060	45,142
Cash flows from investing activities:
Acquisition of business, net of cash acquired	(14,220)	(19,534)
Payment of deferred consideration		(95)
Purchase of property and equipment	(10,784)	(19,850)
Investment in available-for-sale convertible note		(1,000)
Net cash used in investing activities	(25,004)	(40,479)
Cash flows from financing activities:
Repayment of debt and debt issuance costs	(16,250)	(4,017)
Borrowing from line of credit		626,000
Repayment of line of credit		(626,000)
Payment of other offering costs	(497)
Payment of contingent consideration	(950)	(438)
Proceeds from issuance of shares through employee equity incentive plans	6,790	4,132
Payment of taxes related to net share settlement of equity awards	(1,318)	(1,399)
Dividends paid to noncontrolling interest	(980)	(2,205)
Net cash used in financing activities	(13,205)	(3,927)
Effect of exchange rate changes on cash	(141)	(4,434)
Net decrease in cash and restricted cash	(6,290)	(3,698)
Cash and restricted cash at the beginning of the period	154,060	65,380
Cash and restricted cash at the end of the period	147,770	61,682
Supplemental cash flow disclosures:
Cash paid for interest	12,742	5,406
Cash paid for income taxes, net	4,457	9,243
Supplemental schedule of non-cash investing and financing activities:
Equipment purchased and unpaid at period end	1,203	1,617
Right-of-use assets obtained in exchange for operating lease liabilities	$ 1,513	1,767
Issuance of common stock relating to business acquisition		$ 14,505

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (3,079)	$ (6,211)	$ (9,571)	$ (61,097)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	1. Description of Business Corsair Gaming, Inc., a Delaware corporation, together with its subsidiaries (collectively, “Corsair” the “Company”, “we”, “us”, or “our”), is a global provider and innovator of high-performance gear for gamers, streamers and content creators, many of which build their own PCs using our components. Corsair is organized into two reportable segments: • Gamer and creator peripherals . Includes our high-performance gaming keyboards, mice, headsets, controllers, and our streaming gear, which includes capture cards, Stream Decks, USB microphones, our Facecam streaming cameras, studio accessories and EpocCam software, among others. • Gaming components and systems . Includes our high-performance power supply units, or PSUs, cooling solutions, computer cases, DRAM modules, as well as high-end prebuilt and custom-built gaming PCs and laptops, and gaming monitors, among others.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation Our interim condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The accounting policies we follow are set forth in Part II, Item 8, Note 2, “Significant Accounting Policies”, of the Notes to the Consolidated Financial Statements included in our Annual Report on Form 10K for the year ended December 31, 2022 which was filed with the SEC on February 27, 2023. The condensed consolidated balance sheet as of December 31, 2022, included herein, was derived from the audited consolidated financial statements as of that date. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed, combined or omitted pursuant to such rules and regulations. Therefore, these interim condensed consolidated financial statements should be read in conjunction with our consolidated financial statements and notes thereto for the year ended December 31, 2022, included in our Annual Report on Form 10-K. The interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements, and in management’s opinion, include all adjustments, which consist of only normal recurring adjustments necessary for the fair statement of our condensed consolidated balance sheet as of September 30, 2023 and our results of operations for the three and nine months ended September 30, 2023 and 2022. The results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results expected for the current fiscal year or any other future periods. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of Corsair and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. For consolidated entities where we own less than 100% of the equity, our consolidated net comprehensive income (loss) is reduced by the portion attributable to the noncontrolling interest. In determining whether an entity is considered a controlled entity, we apply the VIE (Variable Interest Entity) and VOE (voting interest entity) models. Entities that do not qualify as a VIE are assessed for consolidation under the VOE model. Under the VOE model, we consolidate the entity if we determine that we have a controlling financial interest in the entity through our ownership of greater than 50% of the outstanding voting shares of the entity and that other equity holders do not have substantive voting, participating or liquidation rights. On January 1, 2022 (the “Closing” or “Closing Date”), we completed the acquisition of a 51 % ownership stake in Elgato iDisplay Holdings LTD. and its related companies (together “iDisplay”). (See Note 5, “Business Combination - iDisplay Acquisition” for more details on the iDisplay Acquisition). We have determined that iDisplay does not qualify as a VIE and Corsair has a controlling financial interest in iDisplay under the VOE model and therefore, iDisplay’s results of operations are fully consolidated with Corsair with effect from January 1, 2022. Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates include, but are not limited to, the valuation of intangible assets, accounts receivable, sales return reserves, reserves for customer incentives, warranty reserves, inventory, derivative instruments, stock-based compensation, and deferred income tax. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the potential impacts from the events in the current economic environment as well as the potential impacts from geopolitical events. We adjust such estimates and assumptions when facts and circumstances dictate. The extent to which the current macroeconomic factors and the development of the geopolitical unrest will impact our business going forward depends on numerous dynamic factors that we cannot reliably predict. Actual results could differ materially from those estimates . Recently Adopted Accounting Pronouncements None. Accounting Pronouncements Issued but Not Yet Adopted None.

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurement	3. Fair Value Measurement U.S. GAAP establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The hierarchy is broken down into the following three levels of inputs that may be used to measure fair value: Level 1 —Quoted prices are available in active markets for identical assets or liabilities as of the measurement date. Level 2 —Pricing inputs are other than quoted prices in active market, which are either directly or indirectly observable as of the report date. The nature of these securities includes investments for which quoted prices are available but traded less frequently and investments that are fair valued using other securities, the parameters of which can be directly observed. Level 3 —Securities that have little to no pricing observability as of the report date. These securities are measured using management’s best estimate of fair value, where the inputs into the determination of fair value are not observable and require significant management judgment or estimation. Fair value accounting is applied to all financial assets and liabilities that are recognized or disclosed at fair value in our condensed consolidated financial statements on a recurring basis. Our financial instruments, including cash, restricted cash, accounts receivable, accounts payable, borrowings from credit lines and other liabilities and accrued expenses approximate fair value due to their short-term maturities. The following tables summarize our financial assets and liabilities that were measured at fair value on a recurring basis, and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands) : September 30, 2023 (Level 1) (Level 2) (Level 3) Total Assets: Foreign currency forward contracts (1) $ — $ 528 $ — $ 528 Total assets $ — $ 528 $ — $ 528 Liabilities: Foreign currency forward contracts (1) $ — $ 35 $ — $ 35 Total liabilities $ — $ 35 $ — $ 35 December 31, 2022 (3) (Level 1) (Level 2) (Level 3) Total Liabilities: Deferred cash consideration in connection with a business acquisition—SCUF (2) $ — $ — $ 954 $ 954 Foreign currency forward contracts (1) — 484 — 484 Total liabilities $ — $ 484 $ 954 $ 1,438 (1) The fair values of the forward contracts were based on similar exchange traded derivatives and the related asset or liability is included within Level 2 of the fair value hierarchy. (2) In December 2019, one of our subsidiaries entered into an Agreement and Plan of Merger with Scuf Holdings, Inc. and its subsidiaries (collectively, “SCUF”) and acquired 100% of their equity interests (the “SCUF Acquisition”). The fair value of the SCUF contingent consideration was determined based on the estimates of acquired tax benefits owed to SCUF’s sellers according to the merger agreement, and these estimates represent a level 3 fair value measurement. The $ 1.0 million liability as of December 31, 2022 was finalized in the fourth quarter of 2022, and this amount was paid in the first quarter of 2023. (3) The balances as of December 31, 2022 of our financial assets that were measured at fair value on a recurring basis were not material.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	4. Derivative Financial Instruments From time to time, we enter into derivative instruments such as foreign currency forward contracts, to minimize the short-term impact of foreign currency exchange rate fluctuations on certain foreign currency denominated assets and liabilities, and interest rate cap contracts, to minimize our exposure to interest rate movements on our variable rate debts. The derivative instruments are recorded at fair value in prepaid expenses and other current assets or other liabilities and accrued expenses on the condensed consolidated balance sheets. We do not designate such instruments as hedges for accounting purposes; accordingly, changes in the value of these contracts are recognized in each reporting period in other (expense) income, net in the condensed consolidated statements of operations. We do no t enter into derivative instruments for trading purposes. The foreign currency forward contracts generally mature within two to four months . The notional principal amount of outstanding foreign exchange forward contracts was $ 32.1 million and $ 23.4 million as of September 30, 2023 and December 31, 2022, respectively. The net fair value gains (losses) recognized in other (expense) income , net in relation to these derivative instruments was $ 0.8 million and $ 1.5 million for the three months ended September 30, 2023 and 2022, respectively, a nd was $ 0.2 million and $ 4.1 million for the nine months ended September 30, 2023 and 2022 , respectively.

Business Combinations

Business Combinations	9 Months Ended
	Sep. 30, 2023
Business Combinations [Abstract]
Business Combinations	5. Business Combinations iDisplay Acquisition On January 1, 2022, we completed the acquisition of a 51 % ownership stake in iDisplay (the “iDisplay Acquisition”), a leader in electronic development and design specializing in display technology, headquartered in Taiwan. The fair value consideration for iDisplay was $ 36.4 million, including $ 21.9 million in cash and the issuance of 690,333 shares of our common stock with a fair value of $ 14.5 million at Closing Date. The consideration was reduced for the effective 51 % settlement of a pre-existing contractual accounts payable balance owed to iDisplay of $ 3.5 million. The iDisplay Acquisition has allowed us to direct the development and integration of iDisplay’s display-based touch-screen technologies into our products for creators, gamers and streamers. iDisplay’s results of operations are fully consolidated with Corsair with effect from January 1, 2022. The acquisition-related costs are included in sales, general and administrative expenses in our condensed consolidated statements of operations and the amounts incurred in the three and nine months ended September 30, 2022 were no t material. There were no additional acquisition-related costs incurred after 2022. The seller of iDisplay (the “iDisplay Seller”) has retained a 49 % noncontrolling interest in iDisplay. Under the Shareholders Agreement between Corsair and the iDisplay Seller, a put option was provided to the iDisplay Seller and a call option was provided to Corsair for the option to transfer (i) 14 % ownership interest in iDisplay to Corsair upon the first anniversary of the Closing and (ii) an additional 15 % of ownership interest in iDisplay to Corsair upon the second anniversary of the Closing. Both put and call options expire on January 1, 2025 . The exercise price of the put option and the call option is based on multiples of iDisplay’s trailing twelve-month earnings before interest, income tax, depreciation and amortization (“TTM EBITDA”) less any debt. The 29 % noncontrolling interest subject to the put option is considered a redeemable noncontrolling interest (“RNCI ”). See Note 15, “Redeemable Noncontrolling Interest” for more information regarding such RNCI. The fair value of the 49 % noncontrolling interest was estimated to be $ 29.6 million. The control premium was based on an analysis considering similar market transactions involving control premiums, as well as factors specific to iDisplay, including its significant customer concentration. Subsequent to the iDisplay Acquisition Closing Date, we recorded measurement period adjustments which increased goodwill by $ 1.0 million and decreased identifiable intangible assets and deferred liabilities by $ 1.1 million and $ 0.1 million, respectively. The final allocation of the iDisplay Acquisition purchase consideration to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date is as follows (in thousands): Amounts Cash $ 2,330 Accounts receivable 3,382 Inventories 2,772 Prepaid and other assets 424 Operating lease right-of-use asset 360 Property and equipment 277 Identifiable intangible assets 34,200 Goodwill 32,987 Total assets acquired 76,732 Accounts payable ( 5,106 ) Deferred tax liabilities ( 4,561 ) Accrued liabilities ( 731 ) Operating lease liabilities ( 360 ) Total liabilities assumed ( 10,758 ) Net assets acquired 65,974 Noncontrolling interest ( 29,606 ) Fair value of consideration transferred $ 36,368 Purchase consideration: Cash $ 21,864 Corsair common stock 14,504 Fair value of consideration transferred $ 36,368 The fair value of certain working capital related items, including accounts receivable, prepaid and other assets, accounts payable and accrued liabilities, as well as the fair value of property and equipment approximated their book values at the date of the iDisplay Acquisition. The fair value of the inventories was estimated by major category, at net realizable value, which we believe approximates the price a market participant could achieve in a current sale. The difference between the fair value of the inventories and the book value recorded by iDisplay on the acquisition date was no t material . The goodwill recognized for the iDisplay Acquisition, which is the excess of the purchase consideration over the fair value of the identifiable intangible assets and the net tangible assets and liabilities acquired, has been estimated to be $ 33.0 million, of which $ 29.3 million and $ 3.7 million are assigned to our gamer and creator peripherals reporting unit and gaming component and systems reporting unit, respectively. We believe goodwill represents the strengthening of our supply chain with display-based touch-screen technologies into our products for creators, gamers and streamers, and the ability to design and generate new technologies to enhance the features of our products . A portion of the identifiable intangible assets are not deductible for tax purposes for which a $ 4.6 million deferred tax liability has been estimated at the date of acquisition for the difference between the book and tax bases of these assets. The goodwill is not deductible for tax purposes . Valuation of identified intangible assets The following table summarizes the valuation of the identifiable intangible assets acquired in the iDisplay Acquisition and the estimate of their respective useful lives as of the Closing Date, including subsequent measurement period adjustments: Valuation Useful (In thousands) (In years) Patent portfolio $ 5,100 6 Supplier relationships 6,800 6 Developed technology 22,300 6 Total identifiable intangible assets $ 34,200 The fair value of patent portfolio was estimated using the relief from royalty approach and the economic useful life was determined based on the average product life cycle of the products manufactured by iDisplay. The supplier relationships intangible asset represents the value assigned to the relationship iDisplay had established over the years with a broad network of suppliers and OEMs that have been crucial to the quality and magnitude of iDisplay manufacturing capability. The fair value of supplier relationships was estimated using the multi-period excess earnings approach and the economic useful life was determined to be aligned with the estimated useful life of the developed technology acquired from iDisplay. The developed technology intangible asset represents unpatented propriety technologies, such as hardware designs and architectures and process technologies used in the on-going research and design of the products manufactured by iDisplay. The fair value of developed technology was estimated using the income approach and the economic useful life was based on the technology cycle of the products manufactured, as well as the cash flows anticipated over the forecasted periods. The valuations of the intangible assets were calculated with the assistance of a third-party valuation firm. The fair values of these intangibles were valued based on long-term cash flow projections, which we consider to be Level 3 inputs. Drop Acquisition On July 14, 2023 (the “Acquisition Date”), we completed the acquisition of the assets and business of Massdrop Inc. (“Drop” ), including the assumption of trade payables and certain accrued liabilities (the "Drop Acquisition") for a cash purchase consideration of approximately $ 14.2 million, net of $ 0.6 million of cash acquired. The acquisition-related costs are included in sales, general and administrative expenses in our condensed consolidated statements of operations and the amounts incurred in the three and nine months ended September 30, 2023 were no t material. Drop, a community-based e-commerce company headquartered in San Francisco, California, specializes in customized DIY keyboards and keycaps. We expect this acquisition to give Corsair a leading presence in the personalized keyboards market which is one of the fastest growing trends in the gaming peripheral space as well as allow us to offer specialized Corsair and Elgato products to the enthusiast community that Drop is engaged with. The Drop Acquisition was accounted for as a business combination under the acquisition method of accounting. The fair values assigned to assets acquired and liabilities assumed are based on management's best estimates and assumptions. Our purchase accounting is preliminary as of the date of this Quarterly Report on Form 10-Q, pending finalization of the purchase consideration which is subject to working capital settlement expected to be finalized in the fourth quarter of 2023, and the related completeness of certain assumed liabilities. We expect to finalize the purchase accounting as soon as practicable, but not later than one year from the acquisition date, and do not expect material purchase accounting adjustments in future periods. Drop’s results of operations are included in our condensed consolidated statements of operations with effect from July 14, 2023. The following table summarizes the preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed at the Acquisition Date (in thousands): Amounts Accounts receivable $ 135 Inventories 7,559 Prepaid and other assets 926 Property and equipment 109 Identifiable intangible assets 9,160 Goodwill 7,007 Accounts payable ( 7,165 ) Accrued liabilities ( 3,511 ) Purchase consideration, net of cash acquired $ 14,220 The fair value of certain working capital related items, including accounts receivable, prepaid and other assets, accounts payable and accrued liabilities, as well as the fair value of property and equipment approximated their book values at the Acquisition Date. The fair value of the inventories was estimated by major category, at net realizable value, which we believe approximates the price a market participant could achieve in a current sale. The difference between the fair value of the Drop inventories and the book value recorded on the Acquisition Date was $ 2.0 million, and it will be recognized in cost of revenue in the condensed consolidated statements of operations upon the sale of the acquired inventory . The goodwill of $ 7.0 million represents the expansion of our market presence by utilizing Drop's strength in direct consumer reach as well as the ability to expand the customizable keyboard and keycap market. The goodwill is deductible for tax purposes and is assigned to our gamer and creator peripherals reporting unit. The $ 9.2 million identifiable intangible assets acquired include developed technology of $ 5.2 million, trade name of $ 2.3 million and domain name of $ 1.7 million. The fair values of the identified intangible assets were estimated primarily using the income approach and were based on inputs that are not observable in the market which we consider to be Level 3 inputs. These intangible assets are being amortized over their estimated useful lives, ranging from 5 to 15 years , using the straight-line method of amortization. The identifiable intangible assets acquired are deductible for tax purposes. Unaudited Pro Forma Financial Information Pro forma financial information is not included because the effects of the Drop Acquisition were not material to our condensed consolidated statements of operations for the periods presented.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	6. Goodwill and Intangible Assets Goodwill The following table summarizes the changes in the carrying amount of goodwill by reportable segment (in thousands): Gaming Gamer and Total Balance as of December 31, 2022 $ 148,931 $ 198,816 $ 347,747 Addition from business acquisition — 7,007 7,007 Effect of foreign currency exchange rates ( 42 ) 153 111 Balance as of September 30, 2023 $ 148,889 $ 205,976 $ 354,865 Intangible assets, net The following table is a summary of intangible assets, net (in thousands): September 30, 2023 December 31, 2022 Gross Accumulated Net Gross Accumulated Net Developed technology $ 47,477 $ 19,438 $ 28,039 $ 53,726 $ 24,088 $ 29,638 Trade name 33,825 8,395 25,430 29,735 6,802 22,933 Customer relationships 218,445 133,301 85,144 218,542 116,919 101,623 Patent portfolio 33,573 15,283 18,290 33,198 11,764 21,434 Supplier relationships 5,850 1,706 4,144 6,129 1,021 5,108 Total finite-life intangibles 339,170 178,123 161,047 341,330 160,594 180,736 Indefinite life trade name 35,430 — 35,430 35,430 — 35,430 Other 16 — 16 89 — 89 Total intangible assets $ 374,616 $ 178,123 $ 196,493 $ 376,849 $ 160,594 $ 216,255 In the year after an identified intangible asset becomes fully amortized, we remove the fully amortized balances from the gross asset and accumulated amortization amounts from the table above. The estimated future amortization expense of intangible assets as of September 30, 2023 is as follows (in thousands): Amounts Remainder of 2023 $ 9,471 2024 37,847 2025 37,478 2026 34,176 2027 24,591 Thereafter 17,484 Total $ 161,047

Balance Sheet Components

Balance Sheet Components	9 Months Ended
	Sep. 30, 2023
Balance Sheet Related Disclosures [Abstract]
Balance Sheet Components	7. Balance Sheet Components The following tables present the components of certain balance sheet amounts (in thousands): September 30, December 31, Cash $ 144,891 $ 151,180 Restricted cash—short term 2,641 2,647 Restricted cash—noncurrent 238 233 Total cash and restricted cash $ 147,770 $ 154,060 September 30, December 31, Accounts receivable $ 173,001 $ 145,380 Due from Factor 79,596 91,061 Allowance for doubtful accounts ( 1,518 ) ( 785 ) Accounts receivable, net $ 251,079 $ 235,656 On September 29, 2022, one of our fully consolidated subsidiaries entered into an accounts receivable factoring agreement (“Factoring Agreement”) with a third-party financial institution (“Factor”). Pursuant to the terms of the arrangement, we sell certain of our customer receivables on a non-recourse basis to the Factor. Proceeds from factoring the accounts receivable are due upon collection of payments from the customers, but upon our request, the Factor may, at their sole discretion, remit a portion of the proceeds to us prior to their collection of payments from the customers. Our obligations to the Factor arising from the Factoring Agreement are secured by certain assets of our subsidiary. In the three and nine months ended September 30, 2023 , we sold receivables of $ 97.9 million and $ 265.4 million to the Factor, respectively, and we also received cash proceeds of $ 89.3 million and $ 276.2 million from the Factor, respectively. In the three months ended September 30, 2022, we sold receivables and received cash proceeds of $ 66.3 million and $ 40.6 million, respectively. The cost of factoring is included in sales, general and administrative expenses in our condensed consolidated statements of operations and the amounts incurred in the three and nine months ended September 30, 2023 and 2022 were immaterial. The Factoring Agreement was terminated on October 2, 2023 and we no longer sell our customers' receivables to the Factor. The balance from the Factor as of September 30, 2023 will be collected before December 31, 2023. Besides the Factor, one other customer represented 24.4 % and 23.4 % of our accounts receivable, net balance as of September 30, 2023 and December 31, 2022, respectively. September 30, December 31, Raw materials $ 55,016 $ 49,926 Work in progress 10,081 4,171 Finished goods 170,459 138,620 Inventories $ 235,556 $ 192,717 September 30, December 31, Manufacturing equipment $ 32,684 $ 28,993 Leasehold improvements 19,579 18,903 Computer equipment, software and office equipment 17,721 16,205 Furniture and fixtures 3,969 3,277 Total property and equipment $ 73,953 $ 67,378 Less: Accumulated depreciation and amortization ( 40,883 ) ( 32,451 ) Property and equipment, net $ 33,070 $ 34,927 September 30, December 31, Right-of-use assets $ 38,593 $ 45,175 Deferred tax asset 28,560 23,569 Other 6,957 6,546 Other assets $ 74,110 $ 75,290 September 30, December 31, Accrued reserves for customer incentive programs $ 54,926 $ 58,621 Accrued reserves for sales return 31,473 27,199 Accrued payroll and related expense 17,764 10,511 Operating lease liabilities, current 10,543 11,051 Income tax payable 8,439 5,322 Sales tax and value added tax payable 7,953 9,376 Accrued freight expenses 7,831 12,486 Contract liabilities 4,469 6,259 Other 23,738 23,645 Other liabilities and accrued expenses $ 167,136 $ 164,470 September 30, December 31, Operating lease liabilities, noncurrent $ 39,918 $ 45,457 Other 2,846 3,132 Other liabilities, noncurrent $ 42,764 $ 48,589

Debt

Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt	8. Debt Our debt consisted of the following (in thousands): September 30, December 31, Term Loan (variable rate) due September 2026 $ 223,750 $ 240,000 Debt discount and issuance cost, net of amortization ( 1,047 ) ( 1,335 ) Total debt, net 222,703 238,665 Less: debt maturing within one year, net 12,130 6,495 Long-term debt, net $ 210,573 $ 232,170 Credit Agreement On September 3, 2021, we entered into a new Credit Agreement (as amended, the “Credit Agreement”) which provides for a $ 100.0 million five-year revolving credit facility (“Revolving Facility”) and a $ 250.0 million five-year term loan facility (“Term Loan”), with each maturing in September 2026 . The Credit Agreement also permits, subject to conditions stated therein, additional incremental facilities in a maximum aggregate principal amount not to exceed $ 250.0 million. We may prepay the Term Loan and the Revolving Facility at any time without premium or penalty. We prepaid $ 3.75 million and $ 12.5 million of the Term Loan principal in the year ended December 31, 2022 and in the nine months ended September 30, 2023, respectively. The Term Loan and Revolving Facility under the Credit Agreement initially carried interest at the Company’s election at either (a) LIBOR plus a percentage spread (ranging from 1.25 % to 2.0 %) based on our total net leverage ratio, or (b) the base rate (described in the Credit Agreement as the greatest of (i) the prime rate, (ii) the federal funds rate plus 0.50 % and (iii) one-month LIBOR plus 1.0 %) plus a percentage spread (ranging from 0.25 % to 1.0 %) based on our net leverage ratio. The Credit Agreement also requires the payment of a commitment fee on the daily unused portion of the Revolving Facility, which initially ranged from 0.2 % to 0.35 % based on our total net leverage ratio. The Credit Agreement contains covenants with which we must comply during the term of the agreement, which we believe are ordinary and standard for agreements of this nature. The financial covenants include the maintenance of a maximum Consolidated Total Net Leverage Ratio of 3.0 to 1.0 and a minimum Consolidated Interest Coverage Ratio of 3.0 to 1.0 (as defined in the Credit Agreement). The Credit Agreement also includes events of default customary for facilities of this nature and upon the occurrence of such events of default, among other things, all outstanding amounts under the Credit Agreement may be accelerated and/or the lenders’ commitments terminated. In addition, upon the occurrence of certain events of default, the interest on the Term loan and Revolving Facility can be increased by 2.0 %. Our obligations under the Credit Agreement are guaranteed by substantially all of our U.S. subsidiaries and secured by a security interest in substantially all assets of the Company and the guarantor subsidiaries, subject to certain exceptions detailed in the Credit Agreement and related ancillary documentation. On June 30, 2022, we entered into a First Amendment of the Credit Agreement (“First Amendment”), which among other changes resulted in the Bloomberg Short-Term Bank Yield Index rate (“BSBY”) being utilized as a replacement rate for LIBOR. Consequently, following the First Amendment, the Term Loan and Revolving Facility will each bear interest at the Company’s election at either (a) BSBY plus a percentage spread (ranging from 1.25 % to 2.25 %) based on our total net leverage ratio, or (b) the base rate (as described in the Credit Agreement) as the greatest of (i) the prime rate, (ii) the federal funds rate plus 0.50 % and (iii) one-month BSBY plus 1.0 % plus a percentage spread (ranging from 0.25 % to 1.25 %) based on our total net leverage ratio. In addition, pursuant to the First Amendment, the maximum permitted Consolidated Total Net Leverage Ratio was also amended to increase to 3.5 to 1.0 between the quarters ending September 30, 2022 through and including March 31, 2023, and such ratio will revert to 3.0 to 1.0 from the quarter ended June 30, 2023 and each quarter thereafter, provided that, upon the occurrence of a Qualified Acquisition (as defined in the Credit Agreement), such ratio can be increased to 3.5 to 1.0 temporarily provided all the requirements set forth in the Credit Agreement are met. Additionally, the commitment fee on the unused portion of the Revolving Facility was amended to range from 0.2 % to 0.4 % based on our total net leverage ratio. On September 29, 2022, we entered into an accounts receivable Factoring Agreement with a Factor. See Note 7 “Balance Sheet Components – Accounts Receivable, Net” for additional information on the Factoring Agreement. In connection with the Factoring Agreement, we also entered into (i) a Second Amendment (“Second Amendment”) to the Credit Agreement to permit the transactions contemplated by the Factoring Agreement and (ii) an Assignment of Factoring Proceeds and Intercreditor Agreement with the Factor and the administrative agent under the Credit Agreement to establish the respective rights of the Factor and the Credit Agreement Agent in and to the related factoring collateral. On November 28, 2022, we entered into a Third Amendment (“Third Amendment”) to the Credit Agreement that provides for, among other things, (i) a decrease in the required minimum Consolidated Interest Coverage Ratio to 2.50 to 1.00 for the quarters ending on and after March 31, 2023 through and including December 31, 2023, (ii) an increase in the maximum permitted Consolidated Total Net Leverage Ratio to 3.75 to 1.00 for the quarters ending December 31, 2022 and March 31, 2023, stepping down to 3.50 to 1.00 for the quarter ending June 30, 2023, and 3.25 to 1.00 for the quarters ending September 30, 2023 and December 31, 2023, and (iii) a modified pricing grid providing for an increased margin (ranging from 1.50 % per annum to 3.25 % per annum for loans bearing interest at the BSBY rate, and 0.50 % per annum to 2.25 % per annum for loans bearing interest at the base rate, in each case depending on the Company’s total net leverage ratio) for the period of December 31, 2022 through December 31, 2023. Additionally, t he commitment fee on the unused portion of the Revolving Facility was amended to range from 0.25 % to 0.5 % based on our total net leverage ratio, for the period of December 31, 2022 through December 31, 2023. According to the provision in the Third Amendment, with effect from January 1, 2024, the aforementioned amended terms will revert back to the terms as amended by the First Amendment, including the required minimum Consolidated Interest Coverage Ratio, the required maximum permitted Consolidated Total Net Leverage Ratio, the interest rate margin and the commitment fee on the unused portion of the Revolving Facility. The First, Second and Third Amendment were accounted for as debt modifications. As of September 30, 2023, we were not in default under the Credit Agreement. As of September 30, 2023 and December 31, 2022, we had $ 100.0 million unused capacity under the Revolving Facility. As of September 30, 2023 and December 31, 2022, the carrying value of our Term Loan was $ 222.7 million and $ 238.7 million , respectively. The estimated fair value of the Term Loan as of September 30, 2023 , which we have classified as a Level 2 financial instrument, was approximately $ 221.7 million. The effective interest rate inclusive of the debt discount and debt issuance costs was approximately 7.4 % and 3.8 % for the three months ended September 30, 2023 and 2022 , respectively, and was approximately 7.3 % and 2.5 % for the nine months ended September 30, 2023 and 2022, respectively. The following table summarizes the interest expense, net recognized for all periods presented (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Credit Agreement: Contractual interest expense for Term Loan $ 4,050 $ 2,129 $ 12,372 $ 4,364 Contractual interest expense for Revolving Facility — 489 — 964 Amortization of debt discount and issuance cost 132 102 398 274 Other interest expense 89 14 299 87 Interest income ( 1,742 ) — ( 5,194 ) — Total interest expense, net $ 2,529 $ 2,734 $ 7,875 $ 5,689 The estimated future principal payments under our total long-term debt as of September 30, 2023 are as follows (in thousands): Amounts Remainder of 2023 $ 3,125 2024 12,500 2025 12,500 2026 195,625 2027 — Thereafter — Total future principal payments $ 223,750

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies Product Warranties Changes in our warranty obligations were as follows (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Beginning of the period $ 4,743 $ 4,765 $ 3,685 $ 5,655 Warranty provision related to products shipped 2,419 244 6,439 2,709 Deductions for warranty claims processed ( 1,514 ) ( 1,449 ) ( 4,476 ) ( 4,804 ) End of period $ 5,648 $ 3,560 $ 5,648 $ 3,560 Unconditional Purchase Obligations In the normal course of business, we enter into various purchase commitments for goods or services. Our long-term non-cancelable purchase commitments consist primarily of multi-year contractual arrangements relating to subscriptions for cloud computing hosting arrangements for our enterprise resource planning (ERP) system and the related support services as well as marketing sponsorships . Long-term non-cancelable purchase commitments as of September 30, 2023 were as follows (in thousands): Amounts Remainder of 2023 $ 490 2024 1,917 2025 348 2026 — 2027 — Thereafter — Total $ 2,755 Our total long term non-cancelable purchase commitments outstanding as of December 31, 2022 were $ 3.8 million. Letters of Credit There were no letters of credit outstanding, as of September 30, 2023 and December 31, 2022. No amounts have been drawn upon letters of credit for all periods presented. Legal Proceedings We may from time to time be involved in various claims and legal proceedings of a character normally incident to the ordinary course of business. Litigation can be expensive and disruptive to normal business operations, and the results of complex legal proceedings are difficult to predict, and our view of these matters may change in the future as the litigation and events related thereto unfold. We expense legal fees as incurred and we record a provision for contingent losses when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. Based on currently available information, we believe there are no existing claims or proceedings that are likely to have a material adverse effect on our financial position, or the outcome of these matters is currently not determinable. An unfavorable outcome to any legal matter, if material, could have an adverse effect on our operations or financial position, liquidity of results of operations. Indemnification In the ordinary course of business, we may provide indemnifications of varying scope and terms with respect to certain transactions. We have entered into indemnification agreements with directors and certain officers and employees that will require Corsair, among other things, to indemnify them against certain liabilities that may arise by reason of their status or service as directors, officers or employees. No demands have been made upon Corsair to provide indemnification under such agreements, and thus, there are no claims that we are aware of that could have a material effect on our condensed consolidated balance sheets, statements of operations, or statements of cash flows. We currently have directors’ and officers’ insurance .

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Stockholders' Equity	10. Stockholders’ Equity On September 25, 2020, in connection with the closing of the IPO, we filed an Amended and Restated Certificate of Incorporation which increased the authorized shares of common stock for issuance to 300,000,000 and authorized 5,000,000 shares of preferred stock, with a par value of $ 0.0001 per share, for issuance. There were no shares of preferred stock outstanding as of September 30, 2023 and December 31, 2022. Shelf-Registration Statement On July 22, 2022, we filed a shelf registration statement on Form S-3 with the SEC, which was declared effective August 1, 2022 (the “2022 Shelf Registration Statement”). The 2022 Shelf Registration Statement registered securities to be offered by us, in an amount up to $ 300.0 million, including common stock, preferred stock and warrants. In addition, the 2022 Shelf Registration Statement registered 54,179,559 shares of common stock held by the selling securityholders named in the 2022 Shelf Registration Statement. We will not receive any of the proceeds from the sale of the shares registered by the selling securityholders. In November 2022, we sold 4,545,455 shares of common stock at a price of $ 16.50 per share in a registered underwritten public offering pursuant to the 2022 Shelf Registration Statement. Following the partial exercise in December 2022 by the underwriters of their option to purchase additional shares, we sold an additional 500,000 shares. The total proceeds from the underwritten public offering, net of underwriting discounts, commission and offering expenses, were approximately $ 81.0 million.

Equity Incentive Plans and Stoc

Equity Incentive Plans and Stock-Based Compensation	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Equity Incentive Plans and Stock-Based Compensation	11. Equity Incentive Plans and Stock-Based Compensation As of September 30, 2023, we have two active equity incentive plans: the 2020 Equity Incentive Plan and the Employee Stock Purchase Plan (“ESPP”). The following table summarizes stock-based compensation expense by line item in the condensed consolidated statements of operations (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Cost of revenue $ 569 $ 369 $ 1,576 $ 1,034 Sales, general and administrative 6,243 4,505 18,721 13,518 Product development 1,013 769 2,972 2,329 Stock-based compensation expense, net of amounts capitalized (1) $ 7,825 $ 5,643 $ 23,269 $ 16,881 Income tax benefits related to stock-based compensation expense $ 118 $ 123 $ 2,696 $ 493 (1) Total stock-based compensation expense capitalized in inventory, internally developed software, and cloud computing arrangement implementation costs were not material for each of the periods presented. The following table summarizes by type of grant, the total unrecognized stock-based compensation expense and the remaining period over which such expense is expected to be recognized (in thousands, except number of years): September 30, 2023 Unrecognized Expense Remaining weighted average period (In years) Stock options $ 28,335 2.5 Restricted stock units 33,710 2.7 ESPP 466 0.4 Total unrecognized stock-based compensation expense $ 62,511 The total intrinsic value of options exercised was $ 0.6 million and $ 0.4 million for the three months ended September 30, 2023 and 2022, respectively, and was $ 10.5 million and $ 4.4 million for the nine months ended September 30, 2023 and 2022, respectively. The total fair value of restricted stock units vested was $ 2.9 million and $ 1.1 million for the three months ended September 30, 2023 and 2022 , respectively, and was $ 11.2 million and $ 4.0 million for the nine months ended September 30, 2023 and 2022 , respectively.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	12. Net Income (Loss) Per Share The following table summarizes the calculation of basic and diluted net income (loss) per share (in thousands, except per share amounts): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Numerator Net loss $ ( 2,886 ) $ ( 5,945 ) $ ( 8,613 ) $ ( 61,064 ) Less: Net income attributable to noncontrolling interest 193 266 958 33 Net loss attributable to Corsair Gaming, Inc. ( 3,079 ) ( 6,211 ) ( 9,571 ) ( 61,097 ) Change in redemption value of redeemable noncontrolling interest — ( 2,690 ) 6,535 ( 12,330 ) Net loss attributable to common stockholders of Corsair Gaming, Inc. $ ( 3,079 ) $ ( 8,901 ) $ ( 3,036 ) $ ( 73,427 ) Denominator Basic weighted-average shares outstanding 102,863 95,858 102,288 95,537 Effect of dilutive securities (1) — — — — Total diluted weighted-average shares outstanding 102,863 95,858 102,288 95,537 Net loss per share attributable to common stockholders of Corsair Gaming, Inc.: Basic $ ( 0.03 ) $ ( 0.09 ) $ ( 0.03 ) $ ( 0.77 ) Diluted $ ( 0.03 ) $ ( 0.09 ) $ ( 0.03 ) $ ( 0.77 ) Anti-dilutive potential common shares (1) 12,290 11,241 12,290 10,941 Potential common share equivalents were not included in the calculation of diluted net loss per share as the effect would have been anti-dilutive.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes The table below presents our loss before income taxes, income tax benefit and effective income tax rates for all periods presented (in thousands, except percentages): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Loss before income taxes $ ( 2,983 ) $ ( 12,060 ) $ ( 11,636 ) $ ( 72,326 ) Income tax benefit 97 6,115 3,023 11,262 Effective tax rate 3.3 % 50.7 % 26.0 % 15.6 % We are subject to income taxes in the United States and foreign jurisdictions in which we do business. These foreign jurisdictions have statutory tax rates different from those in the United States. Accordingly, our effective tax rates will vary depending on the relative proportion of foreign to United States income, the utilization of net operating loss and tax credit carry forwards, changes in geographic mix of income and expense, changes in management’s assessment of matters such as the ability to realize deferred tax assets, and changes in tax laws. Our effective tax rates were 3.3 % and 50.7 % for the three months ended September 30, 2023 and 2022, respectively. The decrease in our effective rate in the three-month period was primarily due to a change in the mix of income and losses in the various tax jurisdictions in which we operate, partially offset by provision to return adjustments. Our effective tax rates were 26.0 % and 15.6 % for the nine months ended September 30, 2023 and 2022, respectively. The increase in our effective rate in the nine-month period was primarily due to an increase in return to provision adjustments and an increase i n windfall tax benefit from stock-based compensation. Unrecognized tax benefits were $ 3.5 million as of September 30, 2023 and $ 3.6 million as of December 31, 2022, respectively, and if recognized, would favorably affect the effective income tax rate in future periods.

Segment and Geographic Informat

Segment and Geographic Information	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Segment and Geographic Information	14. Segment and Geographic Information We have two reportable segments: • Gamer and Creator Peripherals . Includes our high-performance gaming keyboards, mice, headsets, controllers, and our streaming gear, which includes capture cards, Stream Decks, USB microphones, our Facecam streaming cameras, studio accessories and EpocCam software, among others. • Gaming Components and Systems . Includes our high-performance power supply units, or PSUs, cooling solutions, computer cases, DRAM modules, as well as high-end prebuilt and custom-built gaming PCs and laptops, and gaming monitors, among others. The segments are defined as those operations our chief operating decision maker (“CODM”) regularly reviews to analyze performance and allocate resources. Our CODM is determined to be Corsair’s Chief Executive Officer. The results of the reportable segments are derived directly from our reporting system and are based on the methods of internal reporting which are not necessarily in conformity with GAAP. Management measures net revenue and gross profit to evaluate the performance of, and allocate resources to, each of the segments. The table below summarizes the financial information for each reportable segment (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Net revenue Gamer and Creator Peripherals $ 90,356 $ 96,848 $ 258,053 $ 319,985 Gaming Components and Systems 272,837 214,921 784,536 656,383 Total net revenue $ 363,193 $ 311,769 $ 1,042,589 $ 976,368 Gross Profit Gamer and Creator Peripherals $ 29,928 $ 31,790 $ 82,085 $ 85,405 Gaming Components and Systems 59,425 39,770 175,504 113,370 Total gross profit $ 89,353 $ 71,560 $ 257,589 $ 198,775 The CODM manages assets on a total company basis, not by operating segments; therefore, asset information and capital expenditures by operating segments are not presented. Geographic Information The following table summarizes our net revenue by geographic region based on the location of the customer (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Net revenue Americas $ 181,218 $ 164,378 $ 536,143 $ 506,835 Europe and Middle East 132,641 91,092 351,212 284,521 Asia Pacific 49,334 56,299 155,234 185,012 Total net revenue $ 363,193 $ 311,769 $ 1,042,589 $ 976,368 Revenues from sales to customers in the United States represented 42.9 % and 44.7 % for the three months ended September 30, 2023 and 2022, respectively, and represented 45.0 % and 44.5 % for the nine months ended September 30, 2023 and 2022 , respectively. No other countries besides the United States represented 10 % or more of total net revenue for each of the periods presented. One customer represented 31.6 % and 29.2 % of our total net revenue for the three and nine months ended September 30, 2023 , respectively, and represented 23.9 % and 26.3 % of our total net revenue for the same periods last year. Additionally, in the three and nine months ended September 30, 2022, one other customer represented 10.7 % and 9.6 % of our total net revenue, respectively. No other customer represented 10 % or more of our total net revenue for each of the periods presented.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	9 Months Ended
	Sep. 30, 2023
Income Amounts Attributable to Noncontrolling Interest, Disclosures [Abstract]
Redeemable Noncontrolling Interest	15. Redeemable Noncontrolling Interest Under the Shareholders Agreement between Corsair and the iDisplay Seller a put option was provided to the iDisplay Seller to transfer to Corsair (i) 14 % of their ownership interest in iDisplay upon the first anniversary of the Closing Date of the iDisplay Acquisition, and (ii) an additional 15 % of their ownership interest in iDisplay upon the second anniversary of the Closing Date. The put option will expire after January 1, 2025 . As of September 30, 2023, the iDisplay Seller has not exercised the put option for the transfer of the first 14 % of their ownership interest to Corsair. The exercise price of the put option is based on multiples of iDisplay’s historical TTM EBITDA less any debt. The put option makes this portion of the noncontrolling interest redeemable and therefore, the RNCI is classified as temporary equity on our consolidated balance sheets and carried at the greater of the initial carrying amount, increased or decreased, for the RNCI share of comprehensive income (loss), contributions and distributions, or the redemption value. The change in redemption value is recognized through retained earnings. The following table presents the changes in RNCI for the periods presented (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Balance at beginning of period $ 15,231 $ 26,749 $ 21,367 $ — Initial carrying amount estimated at iDisplay's Closing Date — — — 17,522 Share of net income 114 157 566 19 Share of other comprehensive loss ( 118 ) ( 314 ) ( 171 ) ( 589 ) Dividend paid ( 580 ) ( 1,305 ) ( 580 ) ( 1,305 ) Change in redemption value (1) — 2,690 ( 6,535 ) 12,330 Balance at end of period $ 14,647 $ 27,977 $ 14,647 $ 27,977 (1) These amounts represent increases or (decreases) in redemption value over the carrying value for the respective periods. These amounts were recorded as an offset to retained earnings impacting the net income (loss) used in the calculation of net income (loss) per share attributable for these periods.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Our interim condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The accounting policies we follow are set forth in Part II, Item 8, Note 2, “Significant Accounting Policies”, of the Notes to the Consolidated Financial Statements included in our Annual Report on Form 10K for the year ended December 31, 2022 which was filed with the SEC on February 27, 2023. The condensed consolidated balance sheet as of December 31, 2022, included herein, was derived from the audited consolidated financial statements as of that date. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed, combined or omitted pursuant to such rules and regulations. Therefore, these interim condensed consolidated financial statements should be read in conjunction with our consolidated financial statements and notes thereto for the year ended December 31, 2022, included in our Annual Report on Form 10-K. The interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements, and in management’s opinion, include all adjustments, which consist of only normal recurring adjustments necessary for the fair statement of our condensed consolidated balance sheet as of September 30, 2023 and our results of operations for the three and nine months ended September 30, 2023 and 2022. The results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results expected for the current fiscal year or any other future periods.
Principles of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of Corsair and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. For consolidated entities where we own less than 100% of the equity, our consolidated net comprehensive income (loss) is reduced by the portion attributable to the noncontrolling interest. In determining whether an entity is considered a controlled entity, we apply the VIE (Variable Interest Entity) and VOE (voting interest entity) models. Entities that do not qualify as a VIE are assessed for consolidation under the VOE model. Under the VOE model, we consolidate the entity if we determine that we have a controlling financial interest in the entity through our ownership of greater than 50% of the outstanding voting shares of the entity and that other equity holders do not have substantive voting, participating or liquidation rights. On January 1, 2022 (the “Closing” or “Closing Date”), we completed the acquisition of a 51 % ownership stake in Elgato iDisplay Holdings LTD. and its related companies (together “iDisplay”). (See Note 5, “Business Combination - iDisplay Acquisition” for more details on the iDisplay Acquisition). We have determined that iDisplay does not qualify as a VIE and Corsair has a controlling financial interest in iDisplay under the VOE model and therefore, iDisplay’s results of operations are fully consolidated with Corsair with effect from January 1, 2022.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates include, but are not limited to, the valuation of intangible assets, accounts receivable, sales return reserves, reserves for customer incentives, warranty reserves, inventory, derivative instruments, stock-based compensation, and deferred income tax. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the potential impacts from the events in the current economic environment as well as the potential impacts from geopolitical events. We adjust such estimates and assumptions when facts and circumstances dictate. The extent to which the current macroeconomic factors and the development of the geopolitical unrest will impact our business going forward depends on numerous dynamic factors that we cannot reliably predict. Actual results could differ materially from those estimates .
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements None.
Accounting Pronouncements Issued but Not Yet Adopted	Accounting Pronouncements Issued but Not Yet Adopted None.

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Summary of Financial Liabilities that Measured at Fair Value	The following tables summarize our financial assets and liabilities that were measured at fair value on a recurring basis, and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands) : September 30, 2023 (Level 1) (Level 2) (Level 3) Total Assets: Foreign currency forward contracts (1) $ — $ 528 $ — $ 528 Total assets $ — $ 528 $ — $ 528 Liabilities: Foreign currency forward contracts (1) $ — $ 35 $ — $ 35 Total liabilities $ — $ 35 $ — $ 35 December 31, 2022 (3) (Level 1) (Level 2) (Level 3) Total Liabilities: Deferred cash consideration in connection with a business acquisition—SCUF (2) $ — $ — $ 954 $ 954 Foreign currency forward contracts (1) — 484 — 484 Total liabilities $ — $ 484 $ 954 $ 1,438 (1) The fair values of the forward contracts were based on similar exchange traded derivatives and the related asset or liability is included within Level 2 of the fair value hierarchy. (2) In December 2019, one of our subsidiaries entered into an Agreement and Plan of Merger with Scuf Holdings, Inc. and its subsidiaries (collectively, “SCUF”) and acquired 100% of their equity interests (the “SCUF Acquisition”). The fair value of the SCUF contingent consideration was determined based on the estimates of acquired tax benefits owed to SCUF’s sellers according to the merger agreement, and these estimates represent a level 3 fair value measurement. The $ 1.0 million liability as of December 31, 2022 was finalized in the fourth quarter of 2022, and this amount was paid in the first quarter of 2023. (3) The balances as of December 31, 2022 of our financial assets that were measured at fair value on a recurring basis were not material.

Business Combinations (Tables)

Business Combinations (Tables)	9 Months Ended
	Sep. 30, 2023
Business Acquisition [Line Items]
Summary of Valuation of Identifiable Intangible Assets Acquired in Business Combination and Respective Useful Lives	Valuation of identified intangible assets The following table summarizes the valuation of the identifiable intangible assets acquired in the iDisplay Acquisition and the estimate of their respective useful lives as of the Closing Date, including subsequent measurement period adjustments: Valuation Useful (In thousands) (In years) Patent portfolio $ 5,100 6 Supplier relationships 6,800 6 Developed technology 22,300 6 Total identifiable intangible assets $ 34,200
IDisplay Technology
Business Acquisition [Line Items]
Schedule of Estimated Fair Value of Assets Acquired and Liabilities	The final allocation of the iDisplay Acquisition purchase consideration to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date is as follows (in thousands): Amounts Cash $ 2,330 Accounts receivable 3,382 Inventories 2,772 Prepaid and other assets 424 Operating lease right-of-use asset 360 Property and equipment 277 Identifiable intangible assets 34,200 Goodwill 32,987 Total assets acquired 76,732 Accounts payable ( 5,106 ) Deferred tax liabilities ( 4,561 ) Accrued liabilities ( 731 ) Operating lease liabilities ( 360 ) Total liabilities assumed ( 10,758 ) Net assets acquired 65,974 Noncontrolling interest ( 29,606 ) Fair value of consideration transferred $ 36,368 Purchase consideration: Cash $ 21,864 Corsair common stock 14,504 Fair value of consideration transferred $ 36,368
Drop Acquisition
Business Acquisition [Line Items]
Schedule of Estimated Fair Value of Assets Acquired and Liabilities	The following table summarizes the preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed at the Acquisition Date (in thousands): Amounts Accounts receivable $ 135 Inventories 7,559 Prepaid and other assets 926 Property and equipment 109 Identifiable intangible assets 9,160 Goodwill 7,007 Accounts payable ( 7,165 ) Accrued liabilities ( 3,511 ) Purchase consideration, net of cash acquired $ 14,220

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes in Carrying Amount of Goodwill by Reportable Segment	Goodwill The following table summarizes the changes in the carrying amount of goodwill by reportable segment (in thousands): Gaming Gamer and Total Balance as of December 31, 2022 $ 148,931 $ 198,816 $ 347,747 Addition from business acquisition — 7,007 7,007 Effect of foreign currency exchange rates ( 42 ) 153 111 Balance as of September 30, 2023 $ 148,889 $ 205,976 $ 354,865
Summary of Intangible Assets, Net	The following table is a summary of intangible assets, net (in thousands): September 30, 2023 December 31, 2022 Gross Accumulated Net Gross Accumulated Net Developed technology $ 47,477 $ 19,438 $ 28,039 $ 53,726 $ 24,088 $ 29,638 Trade name 33,825 8,395 25,430 29,735 6,802 22,933 Customer relationships 218,445 133,301 85,144 218,542 116,919 101,623 Patent portfolio 33,573 15,283 18,290 33,198 11,764 21,434 Supplier relationships 5,850 1,706 4,144 6,129 1,021 5,108 Total finite-life intangibles 339,170 178,123 161,047 341,330 160,594 180,736 Indefinite life trade name 35,430 — 35,430 35,430 — 35,430 Other 16 — 16 89 — 89 Total intangible assets $ 374,616 $ 178,123 $ 196,493 $ 376,849 $ 160,594 $ 216,255
Schedule of Estimated Future Amortization Expense of Intangible Assets	The estimated future amortization expense of intangible assets as of September 30, 2023 is as follows (in thousands): Amounts Remainder of 2023 $ 9,471 2024 37,847 2025 37,478 2026 34,176 2027 24,591 Thereafter 17,484 Total $ 161,047

Balance Sheet Components (Table

Balance Sheet Components (Tables)	9 Months Ended
	Sep. 30, 2023
Balance Sheet Related Disclosures [Abstract]
Schedule of Components of Balance Sheet	The following tables present the components of certain balance sheet amounts (in thousands): September 30, December 31, Cash $ 144,891 $ 151,180 Restricted cash—short term 2,641 2,647 Restricted cash—noncurrent 238 233 Total cash and restricted cash $ 147,770 $ 154,060 September 30, December 31, Accounts receivable $ 173,001 $ 145,380 Due from Factor 79,596 91,061 Allowance for doubtful accounts ( 1,518 ) ( 785 ) Accounts receivable, net $ 251,079 $ 235,656 On September 29, 2022, one of our fully consolidated subsidiaries entered into an accounts receivable factoring agreement (“Factoring Agreement”) with a third-party financial institution (“Factor”). Pursuant to the terms of the arrangement, we sell certain of our customer receivables on a non-recourse basis to the Factor. Proceeds from factoring the accounts receivable are due upon collection of payments from the customers, but upon our request, the Factor may, at their sole discretion, remit a portion of the proceeds to us prior to their collection of payments from the customers. Our obligations to the Factor arising from the Factoring Agreement are secured by certain assets of our subsidiary. In the three and nine months ended September 30, 2023 , we sold receivables of $ 97.9 million and $ 265.4 million to the Factor, respectively, and we also received cash proceeds of $ 89.3 million and $ 276.2 million from the Factor, respectively. In the three months ended September 30, 2022, we sold receivables and received cash proceeds of $ 66.3 million and $ 40.6 million, respectively. The cost of factoring is included in sales, general and administrative expenses in our condensed consolidated statements of operations and the amounts incurred in the three and nine months ended September 30, 2023 and 2022 were immaterial. The Factoring Agreement was terminated on October 2, 2023 and we no longer sell our customers' receivables to the Factor. The balance from the Factor as of September 30, 2023 will be collected before December 31, 2023. Besides the Factor, one other customer represented 24.4 % and 23.4 % of our accounts receivable, net balance as of September 30, 2023 and December 31, 2022, respectively. September 30, December 31, Raw materials $ 55,016 $ 49,926 Work in progress 10,081 4,171 Finished goods 170,459 138,620 Inventories $ 235,556 $ 192,717 September 30, December 31, Manufacturing equipment $ 32,684 $ 28,993 Leasehold improvements 19,579 18,903 Computer equipment, software and office equipment 17,721 16,205 Furniture and fixtures 3,969 3,277 Total property and equipment $ 73,953 $ 67,378 Less: Accumulated depreciation and amortization ( 40,883 ) ( 32,451 ) Property and equipment, net $ 33,070 $ 34,927 September 30, December 31, Right-of-use assets $ 38,593 $ 45,175 Deferred tax asset 28,560 23,569 Other 6,957 6,546 Other assets $ 74,110 $ 75,290 September 30, December 31, Accrued reserves for customer incentive programs $ 54,926 $ 58,621 Accrued reserves for sales return 31,473 27,199 Accrued payroll and related expense 17,764 10,511 Operating lease liabilities, current 10,543 11,051 Income tax payable 8,439 5,322 Sales tax and value added tax payable 7,953 9,376 Accrued freight expenses 7,831 12,486 Contract liabilities 4,469 6,259 Other 23,738 23,645 Other liabilities and accrued expenses $ 167,136 $ 164,470 September 30, December 31, Operating lease liabilities, noncurrent $ 39,918 $ 45,457 Other 2,846 3,132 Other liabilities, noncurrent $ 42,764 $ 48,589

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Summary of Debt	Our debt consisted of the following (in thousands): September 30, December 31, Term Loan (variable rate) due September 2026 $ 223,750 $ 240,000 Debt discount and issuance cost, net of amortization ( 1,047 ) ( 1,335 ) Total debt, net 222,703 238,665 Less: debt maturing within one year, net 12,130 6,495 Long-term debt, net $ 210,573 $ 232,170
Summary of Interest Expense Recognized	The following table summarizes the interest expense, net recognized for all periods presented (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Credit Agreement: Contractual interest expense for Term Loan $ 4,050 $ 2,129 $ 12,372 $ 4,364 Contractual interest expense for Revolving Facility — 489 — 964 Amortization of debt discount and issuance cost 132 102 398 274 Other interest expense 89 14 299 87 Interest income ( 1,742 ) — ( 5,194 ) — Total interest expense, net $ 2,529 $ 2,734 $ 7,875 $ 5,689
Summary of Estimated Future Principal Payments under Total Long-term Debt	The estimated future principal payments under our total long-term debt as of September 30, 2023 are as follows (in thousands): Amounts Remainder of 2023 $ 3,125 2024 12,500 2025 12,500 2026 195,625 2027 — Thereafter — Total future principal payments $ 223,750

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Changes in Warranty	Changes in our warranty obligations were as follows (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Beginning of the period $ 4,743 $ 4,765 $ 3,685 $ 5,655 Warranty provision related to products shipped 2,419 244 6,439 2,709 Deductions for warranty claims processed ( 1,514 ) ( 1,449 ) ( 4,476 ) ( 4,804 ) End of period $ 5,648 $ 3,560 $ 5,648 $ 3,560
Schedule of Long-Term Non-Cancelable Purchase Commitment	Long-term non-cancelable purchase commitments as of September 30, 2023 were as follows (in thousands): Amounts Remainder of 2023 $ 490 2024 1,917 2025 348 2026 — 2027 — Thereafter — Total $ 2,755

Equity Incentive Plans and St_2

Equity Incentive Plans and Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Stock-based Compensation Expense	The following table summarizes stock-based compensation expense by line item in the condensed consolidated statements of operations (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Cost of revenue $ 569 $ 369 $ 1,576 $ 1,034 Sales, general and administrative 6,243 4,505 18,721 13,518 Product development 1,013 769 2,972 2,329 Stock-based compensation expense, net of amounts capitalized (1) $ 7,825 $ 5,643 $ 23,269 $ 16,881 Income tax benefits related to stock-based compensation expense $ 118 $ 123 $ 2,696 $ 493 (1) Total stock-based compensation expense capitalized in inventory, internally developed software, and cloud computing arrangement implementation costs were not material for each of the periods presented.
Summary of Total Unrecognized Stock-Based Compensation Expense and Remaining Period	The following table summarizes by type of grant, the total unrecognized stock-based compensation expense and the remaining period over which such expense is expected to be recognized (in thousands, except number of years): September 30, 2023 Unrecognized Expense Remaining weighted average period (In years) Stock options $ 28,335 2.5 Restricted stock units 33,710 2.7 ESPP 466 0.4 Total unrecognized stock-based compensation expense $ 62,511

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Income (Loss) Per Share	The following table summarizes the calculation of basic and diluted net income (loss) per share (in thousands, except per share amounts): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Numerator Net loss $ ( 2,886 ) $ ( 5,945 ) $ ( 8,613 ) $ ( 61,064 ) Less: Net income attributable to noncontrolling interest 193 266 958 33 Net loss attributable to Corsair Gaming, Inc. ( 3,079 ) ( 6,211 ) ( 9,571 ) ( 61,097 ) Change in redemption value of redeemable noncontrolling interest — ( 2,690 ) 6,535 ( 12,330 ) Net loss attributable to common stockholders of Corsair Gaming, Inc. $ ( 3,079 ) $ ( 8,901 ) $ ( 3,036 ) $ ( 73,427 ) Denominator Basic weighted-average shares outstanding 102,863 95,858 102,288 95,537 Effect of dilutive securities (1) — — — — Total diluted weighted-average shares outstanding 102,863 95,858 102,288 95,537 Net loss per share attributable to common stockholders of Corsair Gaming, Inc.: Basic $ ( 0.03 ) $ ( 0.09 ) $ ( 0.03 ) $ ( 0.77 ) Diluted $ ( 0.03 ) $ ( 0.09 ) $ ( 0.03 ) $ ( 0.77 ) Anti-dilutive potential common shares (1) 12,290 11,241 12,290 10,941 Potential common share equivalents were not included in the calculation of diluted net loss per share as the effect would have been anti-dilutive.

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Income Before Income Taxes, Income Tax (Expense) Benefit and Effective Income Tax Rates	The table below presents our loss before income taxes, income tax benefit and effective income tax rates for all periods presented (in thousands, except percentages): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Loss before income taxes $ ( 2,983 ) $ ( 12,060 ) $ ( 11,636 ) $ ( 72,326 ) Income tax benefit 97 6,115 3,023 11,262 Effective tax rate 3.3 % 50.7 % 26.0 % 15.6 %

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Summary of Financial Information for Each Reportable Segment	The table below summarizes the financial information for each reportable segment (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Net revenue Gamer and Creator Peripherals $ 90,356 $ 96,848 $ 258,053 $ 319,985 Gaming Components and Systems 272,837 214,921 784,536 656,383 Total net revenue $ 363,193 $ 311,769 $ 1,042,589 $ 976,368 Gross Profit Gamer and Creator Peripherals $ 29,928 $ 31,790 $ 82,085 $ 85,405 Gaming Components and Systems 59,425 39,770 175,504 113,370 Total gross profit $ 89,353 $ 71,560 $ 257,589 $ 198,775
Summary of Net Revenue By Geographic Region	The following table summarizes our net revenue by geographic region based on the location of the customer (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Net revenue Americas $ 181,218 $ 164,378 $ 536,143 $ 506,835 Europe and Middle East 132,641 91,092 351,212 284,521 Asia Pacific 49,334 56,299 155,234 185,012 Total net revenue $ 363,193 $ 311,769 $ 1,042,589 $ 976,368

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Tables)	9 Months Ended
	Sep. 30, 2023
Income Amounts Attributable to Noncontrolling Interest, Disclosures [Abstract]
Redeemable Noncontrolling Interests	The following table presents the changes in RNCI for the periods presented (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Balance at beginning of period $ 15,231 $ 26,749 $ 21,367 $ — Initial carrying amount estimated at iDisplay's Closing Date — — — 17,522 Share of net income 114 157 566 19 Share of other comprehensive loss ( 118 ) ( 314 ) ( 171 ) ( 589 ) Dividend paid ( 580 ) ( 1,305 ) ( 580 ) ( 1,305 ) Change in redemption value (1) — 2,690 ( 6,535 ) 12,330 Balance at end of period $ 14,647 $ 27,977 $ 14,647 $ 27,977 (1) These amounts represent increases or (decreases) in redemption value over the carrying value for the respective periods. These amounts were recorded as an offset to retained earnings impacting the net income (loss) used in the calculation of net income (loss) per share attributable for these periods.

Description of Business - Addit

Description of Business - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2023 Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details)	Sep. 30, 2023	Jan. 01, 2022
IDisplay Technology
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Percentage of equity interest acquired	14%	51%

Fair Value Measurement - Summar

Fair Value Measurement - Summary of Financial Liabilities that Measured at Fair Value (Details) - Fair Value Recurring Basis - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets:
Assets	$ 528
Liabilities:
Liabilities	35	$ 1,438
Foreign Currency Forward Contracts
Assets:
Assets	528
Liabilities:
Liabilities	35	484
(Level 2)
Assets:
Assets	528
Liabilities:
Liabilities	35	484
(Level 2) | Foreign Currency Forward Contracts
Assets:
Assets	528
Liabilities:
Liabilities	$ 35	484
(Level 3)
Liabilities:
Liabilities		954
Deferred Cash Consideration Business Acquisition SCUF
Liabilities:
Liabilities		954
Deferred Cash Consideration Business Acquisition SCUF | (Level 3)
Liabilities:
Liabilities		$ 954

Fair Value Measurement - Summ_2

Fair Value Measurement - Summary of Financial Liabilities that Measured at Fair Value (Parenthetical) (Details) $ in Millions	Dec. 31, 2022 USD ($)
Contingent Consideration Business Acquisition SCUF
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities	$ 1

Derivative Financial Instrume_2

Derivative Financial Instruments - Additional Information (Detail) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) Derivative	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Derivative Instruments Gain Loss [Line Items]
Derivative instruments for trading purposes | Derivative			0
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)
Foreign Currency Forward Contracts | Not Designated as Hedging Instrument
Derivative Instruments Gain Loss [Line Items]
Notional principal amount	$ 32.1		$ 32.1		$ 23.4
Fair value gains (losses) recognized in other (expense) income	$ 0.8	$ 1.5	$ 0.2	$ 4.1
Minimum | Foreign Currency Forward Contracts | Not Designated as Hedging Instrument
Derivative Instruments Gain Loss [Line Items]
Derivative maturity term			2 months
Maximum | Foreign Currency Forward Contracts | Not Designated as Hedging Instrument
Derivative Instruments Gain Loss [Line Items]
Derivative maturity term			4 months

Business Combinations - Additio

Business Combinations - Additional Information (Details) - USD ($)			3 Months Ended		9 Months Ended
	Jul. 14, 2023	Jan. 01, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill			$ 354,865,000		$ 354,865,000		$ 347,747,000
Gamer and Creator Peripherals
Business Acquisition [Line Items]
Goodwill			205,976,000		205,976,000		198,816,000
Gaming Components and Systems
Business Acquisition [Line Items]
Goodwill			$ 148,889,000		$ 148,889,000		$ 148,931,000
IDisplay Technology
Business Acquisition [Line Items]
Percentage of equity interest acquired		51%	14%		14%
Fair value of consideration		$ 36,368,000
Purchase consideration paid in cash		$ 21,864,000
Purchase consideration paid in equity shares		690,333,000
Fair value of equity issued in business combination		$ 14,504,000
Accounts payable		$ 3,500,000
Percentage of Redeemable Noncontrolling Interests		29%
Put and call option expiration date		Jan. 01, 2025
Fair value of noncontrolling interest amount		$ 29,606,000
Increased goodwill		1,000,000
Decreased identifiable intangible assets		1,100,000
Deferred Liabilities		100,000
Inventory		0
Fair value of identifiable intangible assets net tangible assets and liabilities acquired		33,000,000
Deferred tax liability		4,561,000
Acquisition-related costs				$ 0	$ 0	$ 0
Goodwill		32,987,000
IDisplay Technology | Gamer and Creator Peripherals
Business Acquisition [Line Items]
Fair value of identifiable intangible assets net tangible assets and liabilities acquired		29,300,000
IDisplay Technology | Gaming Components and Systems
Business Acquisition [Line Items]
Fair value of identifiable intangible assets net tangible assets and liabilities acquired		$ 3,700,000
IDisplay Technology | First Anniversary
Business Acquisition [Line Items]
Percentage of equity interest acquired		14%
IDisplay Technology | Second Anniversary
Business Acquisition [Line Items]
Percentage of equity interest acquired		15%
IDisplay Technology | IDisplay Seller
Business Acquisition [Line Items]
Noncontrolling interest		49%
Drop Acquisition
Business Acquisition [Line Items]
Fair value of consideration	$ 14,200,000
Inventory	2,000,000
Acquisition-related costs			$ 0		$ 0
Cash acquired	600,000
Goodwill	7,007,000
Identifiable intangible assets acquired	$ 9,200,000
Drop Acquisition | Minimum
Business Acquisition [Line Items]
Intangible assets estimated useful lives	5 years
Drop Acquisition | Maximum
Business Acquisition [Line Items]
Intangible assets estimated useful lives	15 years
Drop Acquisition | Developed Technology
Business Acquisition [Line Items]
Identifiable intangible assets acquired	$ 5,200,000
Drop Acquisition | Trade Name
Business Acquisition [Line Items]
Identifiable intangible assets acquired	2,300,000
Drop Acquisition | Domain Name
Business Acquisition [Line Items]
Identifiable intangible assets acquired	$ 1,700,000

Business Combinations - Schedul

Business Combinations - Schedule of Estimated Fair Value of Assets Acquired and Liabilities (Details) - USD ($) $ in Thousands	Jul. 14, 2023	Jan. 01, 2022	Sep. 30, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill			$ 354,865	$ 347,747
IDisplay Technology
Business Acquisition [Line Items]
Cash		$ 2,330
Accounts receivable		3,382
Inventories		2,772
Prepaid and other assets		424
Operating lease right-of-use asset		360
Property and equipment		277
Identifiable intangible assets		34,200
Goodwill		32,987
Total assets acquired		76,732
Accounts payable		(5,106)
Deferred tax liabilities		(4,561)
Accrued liabilities		(731)
Operating lease liabilities		(360)
Total liabilities assumed		(10,758)
Net assets acquired		65,974
Noncontrolling interests		(29,606)
Fair value of consideration		36,368
Purchase consideration:
Purchase consideration paid in cash		21,864
Fair value of equity issued in business combination		14,504
Fair value of consideration		$ 36,368
Drop Acquisition
Business Acquisition [Line Items]
Accounts receivable	$ 135
Inventories	7,559
Prepaid and other assets	926
Property and equipment	109
Identifiable intangible assets	9,160
Goodwill	7,007
Accounts payable	(7,165)
Accrued liabilities	(3,511)
Fair value of consideration	14,200
Purchase consideration, net of cash acquired	14,220
Purchase consideration:
Fair value of consideration	$ 14,200

Business Combinations - Summary

Business Combinations - Summary of Valuation of Identifiable Intangible Assets Acquired in Business Combination and Respective Useful Lives (Details) - IDisplay Technology $ in Thousands	Jan. 01, 2022 USD ($)
Business Acquisition [Line Items]
Valuation	$ 34,200
Patent Portfolio
Business Acquisition [Line Items]
Valuation	$ 5,100
Useful Life	6 years
Supplier Relationship
Business Acquisition [Line Items]
Valuation	$ 6,800
Useful Life	6 years
Developed Technology
Business Acquisition [Line Items]
Valuation	$ 22,300
Useful Life	6 years

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Summary of Changes in Carrying Amount of Goodwill by Reportable Segment (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Goodwill [Line Items]
Balance	$ 347,747
Addition from business acquisition	7,007
Effect of foreign currency exchange rates	111
Balance	354,865
Gaming Components and Systems
Goodwill [Line Items]
Balance	148,931
Effect of foreign currency exchange rates	(42)
Balance	148,889
Gamer and Creator Peripherals
Goodwill [Line Items]
Balance	198,816
Addition from business acquisition	7,007
Effect of foreign currency exchange rates	153
Balance	$ 205,976

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Intangible Assets, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Total finite-life intangibles, Gross Carrying Amount	$ 339,170	$ 341,330
Total finite-life intangibles, Accumulated Amortization	178,123	160,594
Total finite-life intangibles, Net Carrying Amount	161,047	180,736
Total intangible assets, Gross Carrying Amount	374,616	376,849
Total intangible assets, Net Carrying Amount	196,493	216,255
Other
Indefinite-life intangibles, Gross and Net Carrying Amount	16	89
Indefinite Life Trade Name
Indefinite-life intangibles, Gross and Net Carrying Amount	35,430	35,430
Developed Technology
Total finite-life intangibles, Gross Carrying Amount	47,477	53,726
Total finite-life intangibles, Accumulated Amortization	19,438	24,088
Total finite-life intangibles, Net Carrying Amount	28,039	29,638
Trade Name
Total finite-life intangibles, Gross Carrying Amount	33,825	29,735
Total finite-life intangibles, Accumulated Amortization	8,395	6,802
Total finite-life intangibles, Net Carrying Amount	25,430	22,933
Customer Relationships
Total finite-life intangibles, Gross Carrying Amount	218,445	218,542
Total finite-life intangibles, Accumulated Amortization	133,301	116,919
Total finite-life intangibles, Net Carrying Amount	85,144	101,623
Patents
Total finite-life intangibles, Gross Carrying Amount	33,573	33,198
Total finite-life intangibles, Accumulated Amortization	15,283	11,764
Total finite-life intangibles, Net Carrying Amount	18,290	21,434
Supplier Relationship
Total finite-life intangibles, Gross Carrying Amount	5,850	6,129
Total finite-life intangibles, Accumulated Amortization	1,706	1,021
Total finite-life intangibles, Net Carrying Amount	$ 4,144	$ 5,108

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Estimated Future Amortization Expense of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2023	$ 9,471
2024	37,847
2025	37,478
2026	34,176
2027	24,591
Thereafter	17,484
Total finite-life intangibles, Net Carrying Amount	$ 161,047	$ 180,736

Balance Sheet Components - Sche

Balance Sheet Components - Schedule of Components of Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Balance Sheet Related Disclosures [Line Items]
Cash	$ 144,891	$ 151,180
Restricted cash	2,641	2,647
Restricted cash, noncurrent	238	233
Total cash and restricted cash	147,770	154,060	$ 61,682	$ 65,380
Accounts receivable	173,001	145,380
Due from Factor	79,596	91,061
Allowance for doubtful accounts	(1,518)	(785)
Accounts receivable, net	251,079	235,656
Raw materials	55,016	49,926
Work in progress	10,081	4,171
Finished goods	170,459	138,620
Inventories	235,556	192,717
Total property and equipment	73,953	67,378
Less: Accumulated depreciation and amortization	(40,883)	(32,451)
Property and equipment, net	33,070	34,927
Right-of-use assets	38,593	45,175
Deferred tax asset	28,560	23,569
Other	6,957	6,546
Other assets	74,110	75,290
Accrued reserves for customer incentive programs	54,926	58,621
Accrued reserves for sales return	31,473	27,199
Accrued payroll and related expense	17,764	10,511
Operating lease liabilities, current	10,543	11,051
Income tax payable	8,439	5,322
Sales tax and value added tax payable	7,953	9,376
Accrued freight expenses	7,831	12,486
Contract liabilities	4,469	6,259
Other	23,738	23,645
Other liabilities and accrued expenses	167,136	164,470
Operating lease liabilities, noncurrent	39,918	45,457
Other	2,846	3,132
Other liabilities, noncurrent	42,764	48,589
Manufacturing Equipment
Balance Sheet Related Disclosures [Line Items]
Total property and equipment	32,684	28,993
Leasehold Improvements
Balance Sheet Related Disclosures [Line Items]
Total property and equipment	19,579	18,903
Computer Equipment, Software and Office Equipment
Balance Sheet Related Disclosures [Line Items]
Total property and equipment	17,721	16,205
Furniture and Fixtures
Balance Sheet Related Disclosures [Line Items]
Total property and equipment	$ 3,969	$ 3,277

Balance Sheet Components - Addi

Balance Sheet Components - Additional Information (Details) $ in Millions	3 Months Ended		9 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($) Customer	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) Customer	Dec. 31, 2022 Customer
Concentration Risk [Line Items]
Receivables sold	$ 97.9	$ 66.3	$ 265.4
Cash proceeds received	$ 89.3	$ 40.6	$ 276.2
Accounts Receivable | Credit Concentration Risk
Concentration Risk [Line Items]
Number of customers | Customer	1		1	1
Accounts Receivable | Credit Concentration Risk | One Other Customer
Concentration Risk [Line Items]
Percentage of accounts receivable			24.40%	23.40%

Debt - Summary of Debt (Details

Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total debt	$ 223,750
Debt discount and issuance cost, net of amortization	(1,047)	$ (1,335)
Total debt, net	222,703	238,665
Less: debt maturing within one year, net	12,130	6,495
Long-term debt, net	210,573	232,170
Term Loan
Debt Instrument [Line Items]
Total debt	223,750	240,000
Total debt, net	$ 222,700	$ 238,700

Debt - Summary of Debt (Parenth

Debt - Summary of Debt (Parenthetical) (Details)	9 Months Ended
	Sep. 30, 2023
Term Loan
Debt Instrument [Line Items]
Debt instrument, maturity date	2026-09

Debt - Additional Information (

Debt - Additional Information (Details)				3 Months Ended		9 Months Ended		12 Months Ended
	Nov. 28, 2022	Jun. 30, 2022	Sep. 03, 2021 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022	Sep. 30, 2023 USD ($)	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022 USD ($)	Jun. 30, 2023	Mar. 31, 2023
Debt Instrument [Line Items]
Carrying value of term loan				$ 222,703,000		$ 222,703,000			$ 238,665,000
Revolving Credit Facility Under Credit Agreement
Debt Instrument [Line Items]
Principal amount			$ 100,000,000
Credit facility, expiration month and year			2026-09
Unused capacity				$ 100,000,000		$ 100,000,000			100,000,000
Revolving Credit Facility Under Credit Agreement | Minimum
Debt Instrument [Line Items]
Commitment Fee Percentage		0.20%	0.20%
Consolidated interest coverage ratio		3
Revolving Credit Facility Under Credit Agreement | Minimum | Forecast
Debt Instrument [Line Items]
Commitment Fee Percentage								0.25%
Revolving Credit Facility Under Credit Agreement | Maximum
Debt Instrument [Line Items]
Commitment Fee Percentage		0.40%	0.35%
Consolidated total net leverage ratio		3.5
Consolidated interest coverage ratio		3.5
Revolving Credit Facility Under Credit Agreement | Maximum | Forecast
Debt Instrument [Line Items]
Commitment Fee Percentage								0.50%
Revolving Credit Facility Under Credit Agreement | One Month LIBOR
Debt Instrument [Line Items]
Debt instrument, variable rate			1%
Revolving Credit Facility Under Credit Agreement | One Month LIBOR | Minimum
Debt Instrument [Line Items]
Debt instrument, variable rate			0.25%
Revolving Credit Facility Under Credit Agreement | One Month LIBOR | Maximum
Debt Instrument [Line Items]
Debt instrument, variable rate			1%
Revolving Credit Facility Under Credit Agreement | LIBOR | Minimum
Debt Instrument [Line Items]
Debt instrument, variable rate			1.25%
Revolving Credit Facility Under Credit Agreement | LIBOR | Maximum
Debt Instrument [Line Items]
Debt instrument, variable rate			2%
Revolving Credit Facility Under Credit Agreement | Federal Funds Rate
Debt Instrument [Line Items]
Debt instrument, variable rate		0.50%	0.50%
Revolving Credit Facility Under Credit Agreement | Bloomberg Short Term Bank Yield | Minimum
Debt Instrument [Line Items]
Debt instrument, variable rate		1.25%
Revolving Credit Facility Under Credit Agreement | Bloomberg Short Term Bank Yield | Maximum
Debt Instrument [Line Items]
Debt instrument, variable rate		2.25%
Revolving Credit Facility Under Credit Agreement | One-Month BSBY
Debt Instrument [Line Items]
Debt instrument, variable rate		1%
Revolving Credit Facility Under Credit Agreement | One-Month BSBY | Minimum
Debt Instrument [Line Items]
Debt instrument, variable rate		0.25%
Revolving Credit Facility Under Credit Agreement | One-Month BSBY | Maximum
Debt Instrument [Line Items]
Debt instrument, variable rate		1.25%
Term Loan
Debt Instrument [Line Items]
Principal amount			$ 250,000,000
Effective interest rate				7.40%	3.80%	7.30%	2.50%
Credit facility, expiration month and year			2026-09
Carrying value of term loan				$ 222,700,000		$ 222,700,000			238,700,000
Term Loan | Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Estimated fair value of term loan				$ 221,700,000		221,700,000
Term Loan | One Month LIBOR
Debt Instrument [Line Items]
Debt instrument, variable rate			1%
Term Loan | One Month LIBOR | Minimum
Debt Instrument [Line Items]
Debt instrument, variable rate			0.25%
Term Loan | One Month LIBOR | Maximum
Debt Instrument [Line Items]
Debt instrument, variable rate			1%
Term Loan | LIBOR | Minimum
Debt Instrument [Line Items]
Debt instrument, variable rate			1.25%
Term Loan | LIBOR | Maximum
Debt Instrument [Line Items]
Debt instrument, variable rate			2%
Term Loan | Federal Funds Rate
Debt Instrument [Line Items]
Debt instrument, variable rate		0.50%	0.50%
Term Loan | Bloomberg Short Term Bank Yield | Minimum
Debt Instrument [Line Items]
Debt instrument, variable rate		1.25%
Term Loan | Bloomberg Short Term Bank Yield | Maximum
Debt Instrument [Line Items]
Debt instrument, variable rate		2.25%
Term Loan | One-Month BSBY
Debt Instrument [Line Items]
Debt instrument, variable rate		1%
Term Loan | One-Month BSBY | Minimum
Debt Instrument [Line Items]
Debt instrument, variable rate		0.25%
Term Loan | One-Month BSBY | Maximum
Debt Instrument [Line Items]
Debt instrument, variable rate		1.25%
Credit Agreement
Debt Instrument [Line Items]
Credit facility, incremental maximum aggregate principal amount			$ 250,000,000
Prepayment of debt						$ 12,500,000			$ 3,750,000
Consolidated total net leverage ratio				3.25		3.25				3.50
Increase in interest rate upon certain events of default			2%
Credit Agreement | Forecast
Debt Instrument [Line Items]
Consolidated total net leverage ratio								3.25
Credit Agreement | Minimum
Debt Instrument [Line Items]
Consolidated interest coverage ratio			3
Credit Agreement | Minimum | Forecast
Debt Instrument [Line Items]
Debt instrument, variable rate								0.50%
Consolidated interest coverage ratio								2.5
Credit Agreement | Maximum
Debt Instrument [Line Items]
Consolidated total net leverage ratio			3								3.75
Credit Agreement | Maximum | Forecast
Debt Instrument [Line Items]
Debt instrument, variable rate								2.25%
Credit Agreement | Bloomberg Short Term Bank Yield | Minimum
Debt Instrument [Line Items]
Debt instrument, variable rate	1.50%
Credit Agreement | Bloomberg Short Term Bank Yield | Maximum
Debt Instrument [Line Items]
Debt instrument, variable rate	3.25%

Debt - Summary of Interest Expe

Debt - Summary of Interest Expense Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Debt Instrument [Line Items]
Other interest expense	$ 89	$ 14	$ 299	$ 87
Interest income	(1,742)		(5,194)
Total interest expense , net	2,529	2,734	7,875	5,689
Credit Agreement, Term Loan
Debt Instrument [Line Items]
Contractual interest expense for term loan	4,050	2,129	12,372	4,364
Revolving Credit Facility Under Credit Agreement
Debt Instrument [Line Items]
Contractual interest expense for term loan		489		964
Credit Agreement
Debt Instrument [Line Items]
Amortization of debt discount and issuance cost	$ 132	$ 102	$ 398	$ 274

Debt - Summary of Estimated Fut

Debt - Summary of Estimated Future Principal Payments under Total Long-term Debt (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Debt Disclosure [Abstract]
Remainder of 2023	$ 3,125
2024	12,500
2025	12,500
2026	195,625
Total future principal payments	$ 223,750

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Changes in Warranty Obligations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Beginning of the period	$ 4,743	$ 4,765	$ 3,685	$ 5,655
Warranty provision related to products shipped	2,419	244	6,439	2,709
Deductions for warranty claims processed	(1,514)	(1,449)	(4,476)	(4,804)
End of period	$ 5,648	$ 3,560	$ 5,648	$ 3,560

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Long-Term Non-Cancelable Purchase Commitment (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2023	$ 490
2024	1,917
2025	348
Total	$ 2,755

Commitments and Contingencies_3

Commitments and Contingencies - Additional Information (Details)	9 Months Ended
	Sep. 30, 2023 USD ($) Claim	Dec. 31, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Non-cancelable long-term purchase commitments		$ 3,800,000
Letters of credit outstanding, amount	$ 0	0
Line of credit facility, current borrowing capacity	$ 0	$ 0
Loss contingency, claims settled, number | Claim	0

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended
	Dec. 31, 2022	Nov. 30, 2022	Sep. 30, 2023	Jul. 22, 2022	Sep. 25, 2020
Capital Unit [Line Items]
Authorized shares of common stock for issuance	300,000,000		300,000,000		300,000,000
Authorized shares of preferred stock for issuance	5,000,000		5,000,000		5,000,000
Authorized shares of common stock for issuance, par value	$ 0.0001		$ 0.0001		$ 0.0001
Authorized shares of preferred stock for issuance, par value	$ 0.0001		$ 0.0001		$ 0.0001
Preferred stock shares outstanding	0		0
Self resitration maximum securities issued				$ 300
Common stock held by selling securities holders				54,179,559
Underwritten Public Offering
Capital Unit [Line Items]
Sale of stock, price per share		$ 16.5
Common stock sold in relation to public offering, net of underwriting discounts, commissions and other offering costs, shares	500,000
Proceeds from common stock	$ 81
Underwritten Public Offering | Maximum
Capital Unit [Line Items]
Common stock sold in relation to public offering, net of underwriting discounts, commissions and other offering costs, shares		4,545,455

Equity Incentive Plans and St_3

Equity Incentive Plans and Stock-Based Compensation - Summary of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense, net of amounts capitalized	$ 7,825	$ 5,643	$ 23,269	$ 16,881
Income tax benefits related to stock-based compensation expense	118	123	2,696	493
Cost of Revenue
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense, net of amounts capitalized	569	369	1,576	1,034
Sales, General and Administrative
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense, net of amounts capitalized	6,243	4,505	18,721	13,518
Product Development
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense, net of amounts capitalized	$ 1,013	$ 769	$ 2,972	$ 2,329

Equity Incentive Plans and St_4

Equity Incentive Plans and Stock-Based Compensation - Summary of Total Unrecognized Stock-Based Compensation Expense and Remaining Period (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	$ 62,511
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options	$ 28,335
Remaining weighted average period (In years)	2 years 6 months
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs	$ 33,710
Remaining weighted average period (In years)	2 years 8 months 12 days
ESPP
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs	$ 466
Remaining weighted average period (In years)	4 months 24 days

Equity Incentive Plans and St_5

Equity Incentive Plans and Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Intrinsic value of options exercised	$ 0.6	$ 0.4	$ 10.5	$ 4.4
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total fair value stock units vested	$ 2.9	$ 1.1	$ 11.2	$ 4

Net Income (Loss) Per Share - C

Net Income (Loss) Per Share - Computation of Basic and Diluted Net Income (Loss) Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Numerator
Net loss	$ (2,886)	$ (5,945)	$ (8,613)	$ (61,064)
Less: Net income attributable to noncontrolling interest	193	266	958	33
Net loss attributable to Corsair Gaming, Inc.	(3,079)	(6,211)	(9,571)	(61,097)
Change in redemption value of redeemable noncontrolling interest		(2,690)	6,535	(12,330)
Net loss attributable to common stockholders of Corsair Gaming, Inc.	$ (3,079)	$ (8,901)	$ (3,036)	$ (73,427)
Denominator
Basic weighted-average shares outstanding	102,863	95,858	102,288	95,537
Total diluted weighted-average shares outstanding	102,863	95,858	102,288	95,537
Net loss per share attributable to common stockholders of Corsair Gaming, Inc.:
Basic	$ (0.03)	$ (0.09)	$ (0.03)	$ (0.77)
Diluted	$ (0.03)	$ (0.09)	$ (0.03)	$ (0.77)
Anti-dilutive potential common shares	12,290	11,241	12,290	10,941

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Before Income Taxes, Income Tax (Expense) Benefit and Effective Income Tax Rates (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Loss before income taxes	$ (2,983)	$ (12,060)	$ (11,636)	$ (72,326)
Income tax benefit	$ 97	$ 6,115	$ 3,023	$ 11,262
Effective tax rate	3.30%	50.70%	26%	15.60%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate	3.30%	50.70%	26%	15.60%
Unrealized tax benefits	$ 3.5		$ 3.5		$ 3.6

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2023 Customer Country	Sep. 30, 2022 Customer Country	Sep. 30, 2023 Customer Segment Country	Sep. 30, 2022 Customer Country
Segment Reporting Information [Line Items]
Number of reportable segments | Segment			2
Geographic Concentration Risk | Consolidated Net Revenue | United States
Segment Reporting Information [Line Items]
Percentage of revenue from sales to customers	42.90%	44.70%	45%	44.50%
Geographic Concentration Risk | Consolidated Net Revenue | Non-US Excluding United Kingdom
Segment Reporting Information [Line Items]
Percentage of revenue from sales to customers	10%	10%	10%	10%
Number of single countries representing more than ten percent threshold | Country	0	0	0	0
Customer Concentration Risk | Consolidated Net Revenue
Segment Reporting Information [Line Items]
Number of customer	1	1	1	1
Customer Concentration Risk | Consolidated Net Revenue | One Customer
Segment Reporting Information [Line Items]
Percentage of revenue from sales to customers	31.60%	23.90%	29.20%	26.30%
Customer Concentration Risk | Consolidated Net Revenue | Other Customer
Segment Reporting Information [Line Items]
Percentage of revenue from sales to customers	10%	10.70%	10%	9.60%
Number of customer for more than minimum threshold percentage of revenue	0	1	0	1

Segment and Geographic Inform_4

Segment and Geographic Information - Summary of Financial Information for Each Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Net revenue	$ 363,193	$ 311,769	$ 1,042,589	$ 976,368
Total gross profit	89,353	71,560	257,589	198,775
Gamer and Creator Peripherals
Segment Reporting Information [Line Items]
Net revenue	90,356	96,848	258,053	319,985
Total gross profit	29,928	31,790	82,085	85,405
Gaming Components and Systems
Segment Reporting Information [Line Items]
Net revenue	272,837	214,921	784,536	656,383
Total gross profit	$ 59,425	$ 39,770	$ 175,504	$ 113,370

Segment and Geographic Inform_5

Segment and Geographic Information - Summary of Net Revenue By Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Net revenue	$ 363,193	$ 311,769	$ 1,042,589	$ 976,368
Americas
Segment Reporting Information [Line Items]
Net revenue	181,218	164,378	536,143	506,835
Europe and Middle East
Segment Reporting Information [Line Items]
Net revenue	132,641	91,092	351,212	284,521
Asia Pacific
Segment Reporting Information [Line Items]
Net revenue	$ 49,334	$ 56,299	$ 155,234	$ 185,012

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest - Additional Information (Details) - IDisplay Technology	Jan. 01, 2022	Sep. 30, 2023
Redeemable Noncontrolling Interest [Line Items]
Percentage of equity interest acquired	51%	14%
Put and call option expiration date	Jan. 01, 2025
First Anniversary
Redeemable Noncontrolling Interest [Line Items]
Percentage of equity interest acquired	14%
Second Anniversary
Redeemable Noncontrolling Interest [Line Items]
Percentage of equity interest acquired	15%

Redeemable Noncontrolling Int_4

Redeemable Noncontrolling Interest - Schedule of Changes in Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Amounts Attributable to Noncontrolling Interest, Disclosures [Abstract]
Balance at beginning of period	$ 15,231	$ 26,749	$ 21,367
Initial carrying amount estimated at iDisplay's Closing Date		17,522		$ 17,522
Share of net income (loss)	114	157	566	19
Share of other comprehensive loss	(118)	(314)	(171)	(589)
Dividend paid	(580)	(1,305)	(580)	(1,305)
Change in redemption value		2,690	(6,535)	12,330
Balance at end of period	$ 14,647	$ 27,977	$ 14,647	$ 27,977