Corsair Gaming (CRSR) 10-Q 7 May 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2024	Apr. 26, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
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		103,905,563
Entity Shell Company	false
Entity Filer Category	Large 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
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net revenue	$ 337,257	$ 353,964
Cost of revenue	250,618	268,560
Gross profit	86,639	85,404
Operating expenses:
Sales, general and administrative	80,217	67,529
Product development	16,641	16,838
Total operating expenses	96,858	84,367
Operating income (loss)	(10,219)	1,037
Other (expense) income:
Interest expense	(3,691)	(4,302)
Interest income	1,565	1,474
Other expense, net	(461)	(496)
Total other expense, net	(2,587)	(3,324)
Loss before income taxes	(12,806)	(2,287)
Income tax benefit	1,777	639
Net loss	(11,029)	(1,648)
Less: Net income attributable to noncontrolling interest	536	364
Net loss attributable to Corsair Gaming, Inc.	(11,565)	(2,012)
Calculation of net loss per share attributable to common stockholders of Corsair Gaming, Inc.:
Net loss attributable to Corsair Gaming, Inc.	(11,565)	(2,012)
Change in redemption value of redeemable noncontrolling interest	(975)	958
Net loss attributable to common stockholders of Corsair Gaming, Inc.	$ (12,540)	$ (1,054)
Net loss per share attributable to common stockholders of Corsair Gaming, Inc.:
Basic	$ (0.12)	$ (0.01)
Diluted	$ (0.12)	$ (0.01)
Weighted-average common shares outstanding:
Basic	103,563	101,685
Diluted	103,563	101,685

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (11,029)	$ (1,648)
Other comprehensive gain (loss):
Foreign currency translation adjustments, net of tax benefit (expense) of $124 and $(18) for the three months ended March 31, 2024 and 2023, respectively	(1,415)	1,667
Unrealized foreign exchange gain (loss) from long-term intercompany loan, net of tax benefit (expense) of $160 and $(127) for the three months ended March 31, 2024 and 2023, respectively	24	(26)
Comprehensive loss	(12,420)	(7)
Less: Comprehensive income attributable to noncontrolling interest	292	400
Comprehensive loss attributable to Corsair Gaming, Inc.	$ (12,712)	$ (407)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax benefit (expense)	$ 124	$ (18)
Unrealized foreign exchange loss from long-term intercompany loans, tax benefit (expense)	$ 160	$ (127)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash	$ 127,768	$ 175,620
Restricted cash	2,174	2,705
Accounts receivable, net	204,920	253,268
Inventories	251,747	240,172
Prepaid expenses and other current assets	34,573	39,824
Total current assets	621,182	711,589
Restricted cash, noncurrent	241	239
Property and equipment, net	31,185	32,212
Goodwill	354,410	354,705
Intangible assets, net	178,151	188,009
Other assets	72,022	70,709
Total assets	1,257,191	1,357,463
Current liabilities:
Debt maturing within one year, net	12,213	12,190
Accounts payable	191,401	239,957
Other liabilities and accrued expenses	138,487	166,340
Total current liabilities	342,101	418,487
Long-term debt, net	171,106	186,006
Deferred tax liabilities	14,104	17,395
Other liabilities, noncurrent	40,629	41,595
Total liabilities	567,940	663,483
Commitments and Contingencies (Note 9)
Temporary equity
Redeemable noncontrolling interest	15,925	15,937
Corsair Gaming, Inc. stockholders’ equity:
Preferred stock, $0.0001 par value: 5,000 shares authorized, nil and nil shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively
Common stock, $0.0001 par value: 300,000 shares authorized, 103,859 and 103,255 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	10	10
Additional paid-in capital	640,293	630,642
Retained earnings	27,870	40,410
Accumulated other comprehensive loss	(4,634)	(3,487)
Total Corsair Gaming, Inc. stockholders’ equity	663,539	667,575
Nonredeemable noncontrolling interest	9,787	10,468
Total permanent equity	673,326	678,043
Total liabilities, temporary equity and permanent equity	$ 1,257,191	$ 1,357,463

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
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	103,859,000	103,859,000
Common stock, shares outstanding	103,255,000	103,255,000

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, 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)	(1,863)			(2,012)		(2,012)	149
Other comprehensive income (loss)	1,619				1,605	1,605	14
Change in redemption value of redeemable noncontrolling interest	958			958		958
Issuance of common stock in connection with employee equity incentive plans	2,117		2,117			2,117
Issuance of common stock in connection with employee equity incentive plans, shares		671
Shares withheld related to net share settlement	(556)		(556)			(556)
Shares withheld related to net share settlement, shares		(39)
Stock-based compensation	7,321		7,321			7,321
Balance at Mar. 31, 2023	643,663	$ 10	602,368	36,169	(5,276)	633,271	10,392
Balance, shares at Mar. 31, 2023		102,017
Balance at Dec. 31, 2023	678,043	$ 10	630,642	40,410	(3,487)	667,575	10,468
Balance, shares at Dec. 31, 2023		103,255
Net income (loss)	(11,346)			(11,565)		(11,565)	219
Other comprehensive income (loss)	(1,247)				(1,147)	(1,147)	(100)
Change in redemption value of redeemable noncontrolling interest	(975)			(975)		(975)
Dividend paid to nonredeemable noncontrolling interest	(800)						(800)
Issuance of common stock in connection with employee equity incentive plans	2,351		2,351			2,351
Issuance of common stock in connection with employee equity incentive plans, shares		633
Shares withheld related to net share settlement	(398)		(398)			(398)
Shares withheld related to net share settlement, shares		(29)
Stock-based compensation	7,698		7,698			7,698
Balance at Mar. 31, 2024	$ 673,326	$ 10	$ 640,293	$ 27,870	$ (4,634)	$ 663,539	$ 9,787
Balance, shares at Mar. 31, 2024		103,859

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net loss	$ (11,029)	$ (1,648)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Stock-based compensation	7,691	7,246
Depreciation	3,087	2,897
Amortization	9,515	9,741
Deferred income taxes	(6,059)	(2,209)
Other	758	128
Changes in operating assets and liabilities:
Accounts receivable	46,928	14,623
Inventories	(12,101)	4,672
Prepaid expenses and other assets	4,437	(1,077)
Accounts payable	(47,962)	18,156
Other liabilities and accrued expenses	(21,582)	(10,703)
Net cash (used in) provided by operating activities	(26,317)	41,826
Cash flows from investing activities:
Purchase price adjustment related to business acquisition	1,041
Purchase of property and equipment	(2,520)	(4,677)
Net cash used in investing activities	(1,479)	(4,677)
Cash flows from financing activities:
Repayment of debt	(15,000)	(10,000)
Payment of deferred and contingent consideration	(4,942)	(950)
Proceeds from issuance of shares through employee equity incentive plans	2,351	2,117
Payment of taxes related to net share settlement of equity awards	(398)	(556)
Dividend paid to noncontrolling interest	(1,960)
Payment of other offering costs		(497)
Net cash used in financing activities	(19,949)	(9,886)
Effect of exchange rate changes on cash	(636)	730
Net (decrease) increase in cash and restricted cash	(48,381)	27,993
Cash and restricted cash at the beginning of the period	178,564	154,060
Cash and restricted cash at the end of the period	130,183	182,053
Supplemental cash flow disclosures:
Cash paid for interest	3,553	4,184
Cash paid (refunded) for income taxes, net	626	(546)
Supplemental schedule of non-cash investing and financing activities:
Equipment purchased and unpaid at period end	1,171	2,234
Right-of-use assets obtained in exchange for operating lease liabilities	$ 1,763	$ 365

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (11,565)	$ (2,012)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	None of our directors or officers (as defined in Rule 16a-1 under the Exchange Act) adopted , modified or terminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement during the three months ended March 31, 2024, as such terms are defined under Item 408(a) of Regulation S-K, except as follows: On March 11, 2024 , Thi La , a member of our board of directors , adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 185,000 shares of the Company’s common stock until June 30, 2025 .
Other Directors or Officers [Member]
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
Rule 10b 5-1 Arr Modified Flag	false
Non-Rule 10b 5-1 Arr modified flag	false
Thi La [Member]
Trading Arrangements, by Individual
Name	Thi La
Title	member of our board of directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	March 11, 2024
Aggregate Available	185,000
Trd Arr Expiration Date	June 30, 2025

Description of Business and Bas

Description of Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2024
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 products for gamers and digital 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 streaming products, which includes capture cards, Stream Decks, microphones and audio interfaces, our Facecam streaming cameras, studio accessories, and gaming furniture, among others. • Gaming Components and Systems . Includes our high-performance power supply units, or PSUs, cooling solutions, computer cases, and 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	3 Months Ended
	Mar. 31, 2024
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, 2023 which was filed with the SEC on February 27, 2024. The condensed consolidated balance sheet as of December 31, 2023, 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, 2023, 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 March 31, 2024 and our results of operations for the three months ended March 31, 2024 and 2023. The results for the three months ended March 31, 2024 are not necessarily indicative of the results expected for the current fiscal year or any other future periods. Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of Corsair and its subsidiaries, after the elimination of intercompany accounts and transactions. We consolidate subsidiaries in which we have a controlling interest. For the consolidated subsidiaries in which we own less than 100% of the equity, our consolidated net comprehensive income (loss) is reduced by the portion attributable to the noncontrolling interest. The ownership interest of other investors is recorded as noncontrolling interest in the condensed consolidated balance sheets. 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. 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 events in the current economic and geopolitical environment. We adjust such estimates and assumptions when facts and circumstances dictate. The extent to which the current macroeconomic conditions 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 In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvement to Reportable Segment Disclosure. This ASU updates the reportable segment disclosure requirements by requiring disclosures of significant reportable segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of a segment's profit or loss. This ASU also requires disclosure of the title and position of the individual identified as the CODM and an explanation of how the CODM uses the reported measures of a segment's profit or loss in assessing segment performance and deciding how to allocate resources. The ASU will be effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. Adoption of the ASU should be applied retrospectively to all prior periods presented in the financial statements. This ASU will result in additional required disclosures in our consolidated financial statements, when adopted. We are currently evaluating the provisions of this ASU and expect to adopt them for the year ended December 31, 2024. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU requires disaggregated information about a reporting entity's effective tax rate reconciliation as well as additional information on income tax paid. The ASU is effective on a prospective basis for annual periods beginning after December 15, 2024, with early adoption permitted. This ASU will result in additional required disclosures in our consolidated financial statements, when adopted. We are currently evaluating the provisions of this ASU and expect to adopt them for the year ended December 31, 2025.

Fair Value Measurement

Fair Value Measurement	3 Months Ended
	Mar. 31, 2024
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. Our financial assets and liabilities that were measured at fair value on a recurring basis consisted of foreign currency forward contracts and the fair values of these contracts, which were classified as Level 2 of the fair value hierarchy, were based on similar exchange traded derivatives and the related asset or liability. The balances of our financial assets and liabilities as of March 31, 2024 and December 31, 2023 were not material.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2024
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. 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 $ 28.5 million and $ 44.3 million as of March 31, 2024 and December 31, 2023, respectively. The net fair value gains (losses) recognized in other (expense) income , net in relation to these derivative instruments was $ 0.6 million and $( 0.4 ) million for the three months ended March 31, 2024 and 2023 , respectively.

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2024
Business Combinations [Abstract]
Business Combinations	5. Business Combinations 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. On January 29, 2024, in connection with a joint release letter executed between us and Drop's seller, we received a refund of $ 1.0 million from escrow funds in relation to a purchase price adjustment for net working capital. With this refund, total purchase consideration, net of cash acquired, decreased to $ 13.2 million. Drop, a community-based e-commerce company was headquartered in San Francisco, California, and specialized 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 peripherals space as well as allow us to offer specialized Corsair and Elgato products to the enthusiast community that Drop is engaged with. Drop’s results of operations are included in our condensed consolidated statements of operations with effect from July 14, 2023. The Drop Acquisition was accounted for as a business combination under the acquisition method of accounting. The final allocation of the Drop Acquisition purchase consideration to the estimated fair value of the assets acquired and liabilities assumed, inclusive of immaterial measurement period adjustments, was as follows (in thousands): Amounts Accounts receivable $ 135 Inventories 7,739 Prepaid and other assets 866 Property and equipment 109 Identifiable intangible assets 9,160 Goodwill 5,960 Accounts payable ( 7,064 ) Accrued liabilities ( 3,726 ) Purchase consideration, net of cash acquired $ 13,179 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 inventories and the book value recorded on the Acquisition Date was $ 2.0 million, of which we recognized $ 0.2 million and $ 1.5 million in cost of revenue in the condensed consolidated statements of operations for the three months ended March 31, 2024 and for the year ended December 31, 2023, respectively, upon the sale of the acquired inventory. The goodwill of $ 6.0 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 Gaming 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. The acquisition-related costs incurred in the three months ended March 31 2024 and 2023 were no t material.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2024
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, 2023 $ 148,936 $ 205,769 $ 354,705 Measurement period adjustments — ( 27 ) ( 27 ) Effect of foreign currency exchange rates ( 34 ) ( 234 ) ( 268 ) Balance as of March 31, 2024 $ 148,902 $ 205,508 $ 354,410 Intangible assets, net The following table is a summary of intangible assets, net (in thousands): March 31, 2024 December 31, 2023 Gross Accumulated Net Gross Accumulated Net Developed technology $ 47,221 $ 23,227 $ 23,994 $ 47,221 $ 21,206 $ 26,015 Trade name 34,050 9,633 24,417 34,114 9,060 25,054 Customer relationships 218,452 144,292 74,160 218,453 138,800 79,653 Patent portfolio 34,512 18,046 16,466 34,781 17,031 17,750 Supplier relationships 5,888 2,208 3,680 6,136 2,045 4,091 Total finite-life intangibles 340,123 197,406 142,717 340,705 188,142 152,563 Indefinite life trade name 35,430 — 35,430 35,430 — 35,430 Other 4 — 4 16 — 16 Total intangible assets $ 375,557 $ 197,406 $ 178,151 $ 376,151 $ 188,142 $ 188,009 In the year when an identified intangible asset becomes fully amortized, the fully amortized balances from the gross asset and accumulated amortization amounts are removed from the table above. The estimated future amortization expense of intangible assets as of March 31, 2024 is as follows (in thousands): Amounts Remainder of 2024 $ 28,488 2025 37,620 2026 34,315 2027 24,661 2028 4,370 Thereafter 13,263 Total $ 142,717

Balance Sheet Components

Balance Sheet Components	3 Months Ended
	Mar. 31, 2024
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): March 31, December 31, Cash $ 127,768 $ 175,620 Restricted cash—short term 2,174 2,705 Restricted cash—noncurrent 241 239 Total cash and restricted cash $ 130,183 $ 178,564 March 31, December 31, Accounts receivable $ 206,156 $ 254,433 Due from Factor — 283 Allowance for doubtful accounts ( 1,236 ) ( 1,448 ) Accounts receivable, net $ 204,920 $ 253,268 As of March 31, 2024, two customers represented 42.3 % and 17.8 % of our accounts receivable, net balance, respectively. As of December 31, 2023, two customers represented 42.9 % and 18.5 % of our accounts receivable, net balance, respectively. March 31, December 31, Raw materials $ 45,876 $ 64,576 Work in progress 8,980 5,204 Finished goods 196,891 170,392 Inventories $ 251,747 $ 240,172 March 31, December 31, Manufacturing equipment $ 29,121 $ 28,168 Leasehold improvements 20,419 19,789 Computer equipment, software and office equipment 15,932 16,083 Furniture and fixtures 3,846 3,825 Total property and equipment $ 69,318 $ 67,865 Less: Accumulated depreciation and amortization ( 38,133 ) ( 35,653 ) Property and equipment, net $ 31,185 $ 32,212 March 31, December 31, Right-of-use assets $ 35,049 $ 36,324 Deferred tax asset 30,794 27,749 Other 6,179 6,636 Other assets $ 72,022 $ 70,709 March 31, December 31, Accrued reserves for customer incentive programs $ 32,391 $ 41,148 Accrued reserves for sales returns 32,951 36,822 Accrued payroll and related expenses 14,056 17,989 Accrued freight expenses 9,968 13,553 Operating lease liabilities, current 9,151 9,721 Accrued legal expense 6,516 1,014 Accrued warranty 6,323 7,155 Contract liabilities 4,490 7,442 Other 22,641 31,496 Other liabilities and accrued expenses $ 138,487 $ 166,340 March 31, December 31, Operating lease liabilities, noncurrent $ 37,575 $ 38,587 Other 3,054 3,008 Other liabilities, noncurrent $ 40,629 $ 41,595

Debt

Debt	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Debt	8. Debt On September 3, 2021, we refinanced the First Lien Credit and Guaranty Agreement with a new Credit Agreement (as amended, the “Credit Agreement”). The Credit Agreement 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 $ 11.9 million and $ 34.1 million of the Term Loan principal in the three months ended March 31, 2024 and in the year ended December 31, 2023, respectively. The following table presents the carrying value of our Term Loan (in thousands): March 31, December 31, Term Loan (variable rate) due September 2026 $ 184,000 $ 199,000 Debt discount and issuance cost, net of amortization ( 681 ) ( 804 ) Total debt 183,319 198,196 Less: debt maturing within one year, net 12,213 12,190 Long-term debt, net $ 171,106 $ 186,006 As of March 31, 2024, the estimated fair value of the Term Loan, which we have classified as a Level 2 financial instrument, was approximately $ 181.8 million. As of March 31, 2024, and December 31, 2023, we had $ 100.0 million unused capacity under the Revolving Facility. The Credit Agreement has a variable rate structure. According to the provisions in the Third Amendment to the Credit Agreement (“Third Amendment”), beginning 2024, the Term Loan and the Revolving Facility carry interest at our election at either (a) Bloomberg Short-Term Bank Yield Index rate (“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. Additionally, the commitment fees on the unused portion of the Revolving Facility ranges from 0.2 % to 0.4 % based on our total net leverage ratio. The effective interest rate of our Term Loan, inclusive of the debt discount and debt issuance costs, was approximately 7.48 % and 7.06 % for the three months ended March 31, 2024, and 2023, respectively. 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, including the maintenance of a maximum Consolidated Total Net Leverage Ratio (“CTNL Ratio”) and a minimum Consolidated Interest Coverage Ratio (“CIC Ratio”) (as defined in the Credit Agreement). According to the provisions in the Third Amendment, beginning 2024, we are required to maintain a maximum CTNL Ratio of 3.00 to 1.00 and a minimum CIC ratio of 3.00 to 1.00, with the provision that the maximum CTNL Ratio can be temporarily increased to 3.50 to 1.00 upon the occurrence of a Qualified Acquisition (as defined in, and subject to the requirements of the Credit Agreement). As of March 31, 2024, we were not in default under the Credit Agreement. 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. The following table summarizes the interest expense recognized for all periods presented (in thousands): Three Months Ended 2024 2023 Credit Agreement: Contractual interest expense for term loan $ 3,456 $ 4,065 Amortization of debt discount and issuance cost 160 134 Other 75 103 Total interest expense $ 3,691 $ 4,302 The future principal payments under our total long-term debt as of March 31, 2024 are as follows (in thousands): Amounts Remainder of 2024 $ 9,375 2025 12,500 2026 162,125 2027 — 2028 — Total debt $ 184,000

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies Product Warranties Changes in our assurance-type warranty obligations were as follows (in thousands): Three Months Ended 2024 2023 Beginning of the period $ 7,155 $ 3,685 Warranty provision related to products shipped 993 1,378 Deductions for warranty claims processed ( 1,825 ) ( 1,596 ) End of period $ 6,323 $ 3,467 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. The total long-term non-cancelable purchase commitments as of March 31, 2024 was as follows (in thousands): Amounts Remainder of 2024 $ 766 2025 337 2026 — 2027 — 2028 — Thereafter — Total $ 1,103 Our total non-cancelable long term purchase commitments outstanding as of December 31, 2023 was $ 1.5 million. Letters of Credit There were no letters of credit outstanding as of March 31, 2024 and December 31, 2023. No amounts have been drawn upon the 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 that existing claims or proceedings are not 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	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Stockholders' Equity	10. Stockholders’ Equity 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, through August 1, 2025. 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. As of March 31, 2024 , $ 216.7 million remained available for issuance under the 2022 Shelf Registration Statement.

Equity Incentive Plans and Stoc

Equity Incentive Plans and Stock-Based Compensation	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Equity Incentive Plans and Stock-Based Compensation	11. Equity Incentive Plans and Stock-Based Compensation As of March 31, 2024, we have two active equity incentive plans: the 2020 Equity Incentive Plan and the Employee Stock Purchase Plan (“ESPP”). In February 2024, we granted performance stock units (“PSU”) to certain senior members of our management team under the 2020 Equity Incentive Plan. The vesting of PSUs is conditional upon the achievement of certain internal financial targets for the year ended December 31, 2024 and these will vest over a three-year service period. The number of units issued can range from 0 % to 200 % of the target shares depending on the achievement of the financial targets. In the event such targets are achieved, one-third of the eligible PSUs would vest and the remaining two-thirds would thereafter vest evenly over the second and third years. In the event the minimum targets are not achieved, no PSUs would vest. The compensation expense associated with PSUs is recognized using the accelerated attribution method over the requisite service period, and it is based on the estimated number of shares that is considered probable of vesting. Adjustments to the compensation expense will be made in each reporting period based on changes in our estimate of the number of PSUs that are probable of vesting. We measure and recognize compensation for all stock-based compensation awards, including stock options, stock purchase rights, restricted stock units (“RSU”) and PSU, based upon the grant-date fair value of those awards. The grant-date fair value of our stock options and stock purchase rights is estimated using a Black-Scholes-Merton option-pricing model. The fair value of our RSUs and PSUs are calculated based on the market value of our stock at the grant date. The following table summarizes stock-based compensation expense by line item in the condensed consolidated statements of operations (in thousands): Three Months Ended 2024 2023 Cost of revenue $ 545 $ 440 Sales, general and administrative 6,281 5,871 Product development 865 935 Stock-based compensation expense, net of amounts capitalized (1) $ 7,691 $ 7,246 Income tax benefits related to stock-based compensation expense $ 447 $ 1,354 (1) Stock-based compensation expense capitalized 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): March 31, 2024 Unrecognized Expense Remaining weighted average period (In years) Stock options $ 34,687 2.9 RSUs 30,558 2.8 PSUs 4,079 2.9 ESPP 408 0.4 Total unrecognized stock-based compensation expense $ 69,732

Net Loss Per Share

Net Loss Per Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Net Loss Per Share	12. Net Loss Per Share The following table summarizes the calculation of basic and diluted net loss per share (in thousands, except per share amounts): Three Months Ended 2024 2023 Numerator Net loss $ ( 11,029 ) $ ( 1,648 ) Less: Net income attributable to noncontrolling interest 536 364 Net loss attributable to Corsair Gaming, Inc. ( 11,565 ) ( 2,012 ) Change in redemption value of redeemable noncontrolling interest ( 975 ) 958 Net loss attributable to common stockholders of Corsair Gaming, Inc. $ ( 12,540 ) $ ( 1,054 ) Denominator Basic weighted-average shares outstanding 103,563 101,685 Effect of dilutive securities — — Total diluted weighted-average shares outstanding 103,563 101,685 Net loss per share attributable to common stockholders of Corsair Gaming, Inc.: Basic $ ( 0.12 ) $ ( 0.01 ) Diluted $ ( 0.12 ) $ ( 0.01 ) Anti-dilutive potential common shares (1) 12,715 11,934 (1) 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	3 Months Ended
	Mar. 31, 2024
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 2024 2023 Loss before income taxes $ ( 12,806 ) $ ( 2,287 ) Income tax benefit 1,777 639 Effective tax rate 13.9 % 27.9 % 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 13.9 % and 27.9 % for the three months ended March 31, 2024 and 2023, 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, and an increase in shortfall tax deficiencies from stock-based compensation. Unrecognized tax benefits were $ 3.6 million as of March 31, 2024 and $ 3.5 million as of December 31, 2023, respectively, and if recognized, would favorably affect the effective income tax rate in future periods. On December 15, 2022, the European Union (“EU”) Member States formally adopted the EU’s Pillar Two Directive, which generally provides for a minimum effective tax rate of 15%, as established by the Organization for Economic Co-operation and Development (“OECD”) Pillar Two Framework that was supported by over 130 countries worldwide. The EU effective dates are January 1, 2024, and January 1, 2025, for different aspects of the directive. A significant number of other countries are expected to also implement similar legislation, including United Kingdom which approved the legislation on July 11, 2023 with a full effective date of January 1, 2024. We have evaluated the potential impact from the OECD Pillar Two rules and determined that the effects are immaterial to our financial position for the year of 2024.

Segment and Geographic Informat

Segment and Geographic Information	3 Months Ended
	Mar. 31, 2024
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 streaming products, which includes capture cards, Stream Decks, microphones and audio interfaces, our Facecam streaming cameras, studio accessories, and gaming furniture, among others. • Gaming Components and Systems . Includes our high-performance power supply units, or PSUs, cooling solutions, computer cases, and 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 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 2024 2023 Net revenue Gamer and Creator Peripherals $ 106,973 $ 88,942 Gaming Components and Systems 230,284 265,022 Total net revenue $ 337,257 $ 353,964 Gross Profit Gamer and Creator Peripherals $ 43,643 $ 26,648 Gaming Components and Systems 42,996 58,756 Total gross profit $ 86,639 $ 85,404 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 2024 2023 Net revenue Americas $ 174,972 $ 185,898 Europe and Middle East 115,735 113,441 Asia Pacific 46,550 54,625 Total net revenue $ 337,257 $ 353,964 Revenues from sales to customers in the United States represented 45.6 % and 46.2 % for the three months ended March 31, 2024 and 2023 , respectively. No other single country represented 10 % or more of total net revenue during these periods. Two customers represented 27.7 % and 11.4 % of our total net revenue for the three months ended March 31, 2024 . One customer represented 25.8 % of our total net revenue for the three months ended March 31, 2023 . No other customer represented 10 % or more of our total net revenue during these periods.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	3 Months Ended
	Mar. 31, 2024
Income Amounts Attributable to Noncontrolling Interest, Disclosures [Abstract]
Redeemable Noncontrolling Interest	15. Redeemable Noncontrolling Interest ("RNCI") On January 1, 2022, we acquired a 51 % ownership stake in Elgato iDisplay Holdings LTD. and its related companies (together “iDisplay”). We have determined that we have a controlling financial interest in iDisplay under the VOE model. 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 March 31, 2024 , the iDisplay Seller has not exercised the put option for the transfer of the 29 % 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 condensed 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 2024 2023 Balance at beginning of period $ 15,937 $ 21,367 Share of net income 317 215 Share of other comprehensive income (loss) ( 144 ) 22 Dividend paid ( 1,160 ) — Change in redemption value (1) 975 ( 958 ) Balance at end of period $ 15,925 $ 20,646 (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 to common stockholders of Corsair Gaming, Inc. for these periods.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
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, 2023 which was filed with the SEC on February 27, 2024. The condensed consolidated balance sheet as of December 31, 2023, 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, 2023, 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 March 31, 2024 and our results of operations for the three months ended March 31, 2024 and 2023. The results for the three months ended March 31, 2024 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 unaudited condensed consolidated financial statements include the accounts of Corsair and its subsidiaries, after the elimination of intercompany accounts and transactions. We consolidate subsidiaries in which we have a controlling interest. For the consolidated subsidiaries in which we own less than 100% of the equity, our consolidated net comprehensive income (loss) is reduced by the portion attributable to the noncontrolling interest. The ownership interest of other investors is recorded as noncontrolling interest in the condensed consolidated balance sheets. 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.
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 events in the current economic and geopolitical environment. We adjust such estimates and assumptions when facts and circumstances dictate. The extent to which the current macroeconomic conditions 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 In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvement to Reportable Segment Disclosure. This ASU updates the reportable segment disclosure requirements by requiring disclosures of significant reportable segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of a segment's profit or loss. This ASU also requires disclosure of the title and position of the individual identified as the CODM and an explanation of how the CODM uses the reported measures of a segment's profit or loss in assessing segment performance and deciding how to allocate resources. The ASU will be effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. Adoption of the ASU should be applied retrospectively to all prior periods presented in the financial statements. This ASU will result in additional required disclosures in our consolidated financial statements, when adopted. We are currently evaluating the provisions of this ASU and expect to adopt them for the year ended December 31, 2024. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU requires disaggregated information about a reporting entity's effective tax rate reconciliation as well as additional information on income tax paid. The ASU is effective on a prospective basis for annual periods beginning after December 15, 2024, with early adoption permitted. This ASU will result in additional required disclosures in our consolidated financial statements, when adopted. We are currently evaluating the provisions of this ASU and expect to adopt them for the year ended December 31, 2025.

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2024
Business Acquisition [Line Items]
Schedule of Estimated Fair Value of Assets Acquired and Liabilities	The Drop Acquisition was accounted for as a business combination under the acquisition method of accounting. The final allocation of the Drop Acquisition purchase consideration to the estimated fair value of the assets acquired and liabilities assumed, inclusive of immaterial measurement period adjustments, was as follows (in thousands): Amounts Accounts receivable $ 135 Inventories 7,739 Prepaid and other assets 866 Property and equipment 109 Identifiable intangible assets 9,160 Goodwill 5,960 Accounts payable ( 7,064 ) Accrued liabilities ( 3,726 ) Purchase consideration, net of cash acquired $ 13,179

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2023 $ 148,936 $ 205,769 $ 354,705 Measurement period adjustments — ( 27 ) ( 27 ) Effect of foreign currency exchange rates ( 34 ) ( 234 ) ( 268 ) Balance as of March 31, 2024 $ 148,902 $ 205,508 $ 354,410
Summary of Intangible Assets, Net	The following table is a summary of intangible assets, net (in thousands): March 31, 2024 December 31, 2023 Gross Accumulated Net Gross Accumulated Net Developed technology $ 47,221 $ 23,227 $ 23,994 $ 47,221 $ 21,206 $ 26,015 Trade name 34,050 9,633 24,417 34,114 9,060 25,054 Customer relationships 218,452 144,292 74,160 218,453 138,800 79,653 Patent portfolio 34,512 18,046 16,466 34,781 17,031 17,750 Supplier relationships 5,888 2,208 3,680 6,136 2,045 4,091 Total finite-life intangibles 340,123 197,406 142,717 340,705 188,142 152,563 Indefinite life trade name 35,430 — 35,430 35,430 — 35,430 Other 4 — 4 16 — 16 Total intangible assets $ 375,557 $ 197,406 $ 178,151 $ 376,151 $ 188,142 $ 188,009
Schedule of Estimated Future Amortization Expense of Intangible Assets	The estimated future amortization expense of intangible assets as of March 31, 2024 is as follows (in thousands): Amounts Remainder of 2024 $ 28,488 2025 37,620 2026 34,315 2027 24,661 2028 4,370 Thereafter 13,263 Total $ 142,717

Balance Sheet Components (Table

Balance Sheet Components (Tables)	3 Months Ended
	Mar. 31, 2024
Balance Sheet Related Disclosures [Abstract]
Schedule of Components of Balance Sheet	The following tables present the components of certain balance sheet amounts (in thousands): March 31, December 31, Cash $ 127,768 $ 175,620 Restricted cash—short term 2,174 2,705 Restricted cash—noncurrent 241 239 Total cash and restricted cash $ 130,183 $ 178,564 March 31, December 31, Accounts receivable $ 206,156 $ 254,433 Due from Factor — 283 Allowance for doubtful accounts ( 1,236 ) ( 1,448 ) Accounts receivable, net $ 204,920 $ 253,268 As of March 31, 2024, two customers represented 42.3 % and 17.8 % of our accounts receivable, net balance, respectively. As of December 31, 2023, two customers represented 42.9 % and 18.5 % of our accounts receivable, net balance, respectively. March 31, December 31, Raw materials $ 45,876 $ 64,576 Work in progress 8,980 5,204 Finished goods 196,891 170,392 Inventories $ 251,747 $ 240,172 March 31, December 31, Manufacturing equipment $ 29,121 $ 28,168 Leasehold improvements 20,419 19,789 Computer equipment, software and office equipment 15,932 16,083 Furniture and fixtures 3,846 3,825 Total property and equipment $ 69,318 $ 67,865 Less: Accumulated depreciation and amortization ( 38,133 ) ( 35,653 ) Property and equipment, net $ 31,185 $ 32,212 March 31, December 31, Right-of-use assets $ 35,049 $ 36,324 Deferred tax asset 30,794 27,749 Other 6,179 6,636 Other assets $ 72,022 $ 70,709 March 31, December 31, Accrued reserves for customer incentive programs $ 32,391 $ 41,148 Accrued reserves for sales returns 32,951 36,822 Accrued payroll and related expenses 14,056 17,989 Accrued freight expenses 9,968 13,553 Operating lease liabilities, current 9,151 9,721 Accrued legal expense 6,516 1,014 Accrued warranty 6,323 7,155 Contract liabilities 4,490 7,442 Other 22,641 31,496 Other liabilities and accrued expenses $ 138,487 $ 166,340 March 31, December 31, Operating lease liabilities, noncurrent $ 37,575 $ 38,587 Other 3,054 3,008 Other liabilities, noncurrent $ 40,629 $ 41,595

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Summary of Debt	The following table presents the carrying value of our Term Loan (in thousands): March 31, December 31, Term Loan (variable rate) due September 2026 $ 184,000 $ 199,000 Debt discount and issuance cost, net of amortization ( 681 ) ( 804 ) Total debt 183,319 198,196 Less: debt maturing within one year, net 12,213 12,190 Long-term debt, net $ 171,106 $ 186,006
Summary of Interest Expense Recognized	The following table summarizes the interest expense recognized for all periods presented (in thousands): Three Months Ended 2024 2023 Credit Agreement: Contractual interest expense for term loan $ 3,456 $ 4,065 Amortization of debt discount and issuance cost 160 134 Other 75 103 Total interest expense $ 3,691 $ 4,302
Summary of Future Principal Payments under Total Long-term Debt	The future principal payments under our total long-term debt as of March 31, 2024 are as follows (in thousands): Amounts Remainder of 2024 $ 9,375 2025 12,500 2026 162,125 2027 — 2028 — Total debt $ 184,000

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Changes in Assurance-Type Warranty Obligation	Changes in our assurance-type warranty obligations were as follows (in thousands): Three Months Ended 2024 2023 Beginning of the period $ 7,155 $ 3,685 Warranty provision related to products shipped 993 1,378 Deductions for warranty claims processed ( 1,825 ) ( 1,596 ) End of period $ 6,323 $ 3,467
Schedule of Total Long-Term Non-Cancelable Purchase Commitment	as of March 31, 2024 was as follows (in thousands): Amounts Remainder of 2024 $ 766 2025 337 2026 — 2027 — 2028 — Thereafter — Total $ 1,103

Equity Incentive Plans and St_2

Equity Incentive Plans and Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2024
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 2024 2023 Cost of revenue $ 545 $ 440 Sales, general and administrative 6,281 5,871 Product development 865 935 Stock-based compensation expense, net of amounts capitalized (1) $ 7,691 $ 7,246 Income tax benefits related to stock-based compensation expense $ 447 $ 1,354 (1) Stock-based compensation expense capitalized 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): March 31, 2024 Unrecognized Expense Remaining weighted average period (In years) Stock options $ 34,687 2.9 RSUs 30,558 2.8 PSUs 4,079 2.9 ESPP 408 0.4 Total unrecognized stock-based compensation expense $ 69,732

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Loss Per Share	The following table summarizes the calculation of basic and diluted net loss per share (in thousands, except per share amounts): Three Months Ended 2024 2023 Numerator Net loss $ ( 11,029 ) $ ( 1,648 ) Less: Net income attributable to noncontrolling interest 536 364 Net loss attributable to Corsair Gaming, Inc. ( 11,565 ) ( 2,012 ) Change in redemption value of redeemable noncontrolling interest ( 975 ) 958 Net loss attributable to common stockholders of Corsair Gaming, Inc. $ ( 12,540 ) $ ( 1,054 ) Denominator Basic weighted-average shares outstanding 103,563 101,685 Effect of dilutive securities — — Total diluted weighted-average shares outstanding 103,563 101,685 Net loss per share attributable to common stockholders of Corsair Gaming, Inc.: Basic $ ( 0.12 ) $ ( 0.01 ) Diluted $ ( 0.12 ) $ ( 0.01 ) Anti-dilutive potential common shares (1) 12,715 11,934 (1) 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)	3 Months Ended
	Mar. 31, 2024
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 2024 2023 Loss before income taxes $ ( 12,806 ) $ ( 2,287 ) Income tax benefit 1,777 639 Effective tax rate 13.9 % 27.9 %

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2024
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 2024 2023 Net revenue Gamer and Creator Peripherals $ 106,973 $ 88,942 Gaming Components and Systems 230,284 265,022 Total net revenue $ 337,257 $ 353,964 Gross Profit Gamer and Creator Peripherals $ 43,643 $ 26,648 Gaming Components and Systems 42,996 58,756 Total gross profit $ 86,639 $ 85,404
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 2024 2023 Net revenue Americas $ 174,972 $ 185,898 Europe and Middle East 115,735 113,441 Asia Pacific 46,550 54,625 Total net revenue $ 337,257 $ 353,964

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Tables)	3 Months Ended
	Mar. 31, 2024
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 2024 2023 Balance at beginning of period $ 15,937 $ 21,367 Share of net income 317 215 Share of other comprehensive income (loss) ( 144 ) 22 Dividend paid ( 1,160 ) — Change in redemption value (1) 975 ( 958 ) Balance at end of period $ 15,925 $ 20,646 (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 to common stockholders of Corsair Gaming, Inc. for these periods.

Description of Business - Addit

Description of Business - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2024 Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2

Derivative Financial Instrume_2

Derivative Financial Instruments - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) Derivative	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Derivative Instruments Gain Loss [Line Items]
Derivative instruments for trading purposes | Derivative	0
Foreign Currency Forward Contracts | Not Designated as Hedging Instrument
Derivative Instruments Gain Loss [Line Items]
Notional principal amount	$ 28.5		$ 44.3
Net fair value gain (loss) recognized in other (expense) income	$ 0.6	$ (0.4)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)
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
	Jan. 29, 2024	Jul. 14, 2023	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill			$ 354,410,000		$ 354,705,000
Gamer and Creator Peripherals
Business Acquisition [Line Items]
Goodwill			205,508,000		205,769,000
Gaming Components and Systems
Business Acquisition [Line Items]
Goodwill			148,902,000		148,936,000
Drop Acquisition
Business Acquisition [Line Items]
Fair value of consideration	$ 13,200,000	$ 14,200,000
Purchase price adjustment	$ 1,000,000
Inventory		2,000,000	200,000		$ 1,500,000
Acquisition-related costs			$ 0	$ 0
Cash acquired		600,000
Goodwill		5,960,000
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	Jan. 29, 2024	Jul. 14, 2023	Mar. 31, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill			$ 354,410	$ 354,705
Drop Acquisition
Business Acquisition [Line Items]
Accounts receivable		$ 135
Inventories		7,739
Prepaid and other assets		866
Property and equipment		109
Identifiable intangible assets		9,160
Goodwill		5,960
Accounts payable		(7,064)
Accrued liabilities		(3,726)
Fair value of consideration	$ 13,200	14,200
Purchase consideration, net of cash acquired		13,179
Purchase consideration:
Fair value of consideration	$ 13,200	$ 14,200

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Summary of Changes in Carrying Amount of Goodwill by Reportable Segment (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill [Line Items]
Balance	$ 354,705
Measurement period adjustments	(27)
Effect of foreign currency exchange rates	(268)
Balance	354,410
Gaming Components and Systems
Goodwill [Line Items]
Balance	148,936
Effect of foreign currency exchange rates	(34)
Balance	148,902
Gamer and Creator Peripherals
Goodwill [Line Items]
Balance	205,769
Measurement period adjustments	(27)
Effect of foreign currency exchange rates	(234)
Balance	$ 205,508

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Intangible Assets, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Total finite-life intangibles, Gross Carrying Amount	$ 340,123	$ 340,705
Total finite-life intangibles, Accumulated Amortization	197,406	188,142
Total finite-life intangibles, Net Carrying Amount	142,717	152,563
Total intangible assets, Gross Carrying Amount	375,557	376,151
Total intangible assets, Net Carrying Amount	178,151	188,009
Other
Indefinite-life intangibles, Gross and Net Carrying Amount	4	16
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	47,221	47,221
Total finite-life intangibles, Accumulated Amortization	23,227	21,206
Total finite-life intangibles, Net Carrying Amount	23,994	26,015
Trade Name
Total finite-life intangibles, Gross Carrying Amount	34,050	34,114
Total finite-life intangibles, Accumulated Amortization	9,633	9,060
Total finite-life intangibles, Net Carrying Amount	24,417	25,054
Customer Relationships
Total finite-life intangibles, Gross Carrying Amount	218,452	218,453
Total finite-life intangibles, Accumulated Amortization	144,292	138,800
Total finite-life intangibles, Net Carrying Amount	74,160	79,653
Patent Portfolio
Total finite-life intangibles, Gross Carrying Amount	34,512	34,781
Total finite-life intangibles, Accumulated Amortization	18,046	17,031
Total finite-life intangibles, Net Carrying Amount	16,466	17,750
Supplier Relationships
Total finite-life intangibles, Gross Carrying Amount	5,888	6,136
Total finite-life intangibles, Accumulated Amortization	2,208	2,045
Total finite-life intangibles, Net Carrying Amount	$ 3,680	$ 4,091

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Estimated Future Amortization Expense of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2024	$ 28,488
2025	37,620
2026	34,315
2027	24,661
2028	4,370
Thereafter	13,263
Total finite-life intangibles, Net Carrying Amount	$ 142,717	$ 152,563

Balance Sheet Components - Sche

Balance Sheet Components - Schedule of Components of Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Balance Sheet Related Disclosures [Line Items]
Cash	$ 127,768	$ 175,620
Restricted cash-short term	2,174	2,705
Restricted cash-noncurrent	241	239
Total cash and restricted cash	130,183	178,564	$ 182,053	$ 154,060
Accounts receivable	206,156	254,433
Due from Factor		283
Allowance for doubtful accounts	(1,236)	(1,448)
Accounts receivable, net	204,920	253,268
Raw materials	45,876	64,576
Work in progress	8,980	5,204
Finished goods	196,891	170,392
Inventories	251,747	240,172
Total property and equipment	69,318	67,865
Less: Accumulated depreciation and amortization	(38,133)	(35,653)
Property and equipment, net	31,185	32,212
Right-of-use assets	35,049	36,324
Deferred tax asset	30,794	27,749
Other	6,179	6,636
Other assets	72,022	70,709
Accrued reserves for customer incentive programs	32,391	41,148
Accrued reserves for sales returns	32,951	36,822
Accrued payroll and related expenses	14,056	17,989
Accrued freight expenses	9,968	13,553
Operating lease liabilities, current	$ 9,151	$ 9,721
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other liabilities and accrued expenses	Other liabilities and accrued expenses
Accrued legal expense	$ 6,516	$ 1,014
Accrued warranty	6,323	7,155
Contract liabilities	4,490	7,442
Other	22,641	31,496
Other liabilities and accrued expenses	138,487	166,340
Operating lease liabilities, noncurrent	$ 37,575	$ 38,587
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities, noncurrent	Other liabilities, noncurrent
Other	$ 3,054	$ 3,008
Other liabilities, noncurrent	40,629	41,595
Manufacturing Equipment
Balance Sheet Related Disclosures [Line Items]
Total property and equipment	29,121	28,168
Leasehold Improvements
Balance Sheet Related Disclosures [Line Items]
Total property and equipment	20,419	19,789
Computer Equipment, Software and Office Equipment
Balance Sheet Related Disclosures [Line Items]
Total property and equipment	15,932	16,083
Furniture and Fixtures
Balance Sheet Related Disclosures [Line Items]
Total property and equipment	$ 3,846	$ 3,825

Balance Sheet Components - Addi

Balance Sheet Components - Additional Information (Details) - Accounts Receivable - Credit Concentration Risk - Customer	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Concentration Risk [Line Items]
Number of customers	2	2
Customer One
Concentration Risk [Line Items]
Percentage of accounts receivable	42.30%	42.90%
Customer Two
Concentration Risk [Line Items]
Percentage of accounts receivable	17.80%	18.50%

Debt - Additional Information (

Debt - Additional Information (Details)			3 Months Ended	12 Months Ended
	Jan. 01, 2024	Sep. 03, 2021 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2023
Debt Instrument [Line Items]
Carrying value of term loan			$ 183,319,000	$ 198,196,000
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
Revolving Credit Facility Under Credit Agreement | Minimum
Debt Instrument [Line Items]
Commitment Fee Percentage	0.20%
Revolving Credit Facility Under Credit Agreement | Maximum
Debt Instrument [Line Items]
Commitment Fee Percentage	0.40%
Revolving Credit Facility Under Credit Agreement | Federal Funds Rate
Debt Instrument [Line Items]
Debt instrument, variable rate	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			7.48%		7.06%
Credit facility, expiration month and year		2026-09
Term Loan | Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Estimated fair value of term loan			$ 181,800,000
Term Loan | Federal Funds Rate
Debt Instrument [Line Items]
Debt instrument, variable rate	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			$ 11,900,000	$ 34,100,000
Credit Agreement | Minimum
Debt Instrument [Line Items]
Consolidated interest coverage ratio	3
Credit Agreement | Maximum
Debt Instrument [Line Items]
Consolidated total net leverage ratio	3		3.5

Debt - Summary of Debt (Details

Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total debt	$ 184,000
Debt discount and issuance cost, net of amortization	(681)	$ (804)
Total debt	183,319	198,196
Less: debt maturing within one year, net	12,213	12,190
Long-term debt, net	171,106	186,006
Term Loan
Debt Instrument [Line Items]
Total debt	$ 184,000	$ 199,000

Debt - Summary of Debt (Parenth

Debt - Summary of Debt (Parenthetical) (Details)	3 Months Ended
	Mar. 31, 2024
Term Loan
Debt Instrument [Line Items]
Debt instrument, maturity date	2026-09

Debt - Summary of Interest Expe

Debt - Summary of Interest Expense Recognized (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Debt Instrument [Line Items]
Other	$ 75	$ 103
Total interest expense	3,691	4,302
Credit Agreement, Term Loan
Debt Instrument [Line Items]
Contractual interest expense for term loan	3,456	4,065
Credit Agreement
Debt Instrument [Line Items]
Amortization of debt discount and issuance cost	$ 160	$ 134

Debt - Summary of Future Princi

Debt - Summary of Future Principal Payments under Total Long-term Debt (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Debt Disclosure [Abstract]
Remainder of 2024	$ 9,375
2025	12,500
2026	162,125
Total debt	$ 184,000

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Changes in Assurance-Type Warranty Obligation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Beginning of the period	$ 7,155	$ 3,685
Warranty provision related to products shipped	993	1,378
Deductions for warranty claims processed	(1,825)	(1,596)
End of period	$ 6,323	$ 3,467

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Total Long-Term Non-Cancelable Purchase Commitment (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2024	$ 766
2025	337
Total	$ 1,103

Commitments and Contingencies_3

Commitments and Contingencies - Additional Information (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) Claim	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Non-cancelable long-term purchase commitments		$ 1,500,000
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 ($) $ in Millions	Mar. 31, 2024	Jul. 22, 2022
Capital Unit [Line Items]
Self resitration maximum securities issued		$ 300
Common stock held by selling securities holders		54,179,559
Underwritten Public Offering
Capital Unit [Line Items]
Available for issuance	$ 216.7

Equity Incentive Plans and St_3

Equity Incentive Plans and Stock-Based Compensation - Additional Information (Detail) - PSUs	1 Months Ended	3 Months Ended
	Feb. 29, 2024	Mar. 31, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation, vesting period	3 years
Vesting rights		In the event such targets are achieved, one-third of the eligible PSUs would vest and the remaining two-thirds would thereafter vest evenly over the second and third years. In the event the minimum targets are not achieved, no PSUs would vest.
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of units issued	200%
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of units issued	0%

Equity Incentive Plans and St_4

Equity Incentive Plans and Stock-Based Compensation - Summary of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense, net of amounts capitalized	$ 7,691	$ 7,246
Income tax benefits related to stock-based compensation expense	447	1,354
Cost of Revenue
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense, net of amounts capitalized	545	440
Sales, General and Administrative
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense, net of amounts capitalized	6,281	5,871
Product Development
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense, net of amounts capitalized	$ 865	$ 935

Equity Incentive Plans and St_5

Equity Incentive Plans and Stock-Based Compensation - Summary of Total Unrecognized Stock-Based Compensation Expense and Remaining Period (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	$ 69,732
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized Expense	$ 34,687
Remaining weighted average period (In years)	2 years 10 months 24 days
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized Expense	$ 30,558
Remaining weighted average period (In years)	2 years 9 months 18 days
PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized Expense	$ 4,079
Remaining weighted average period (In years)	2 years 10 months 24 days
ESPP
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized Expense	$ 408
Remaining weighted average period (In years)	4 months 24 days

Net Loss Per Share - Computatio

Net Loss Per Share - Computation of Basic and Diluted Net Loss Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator
Net loss	$ (11,029)	$ (1,648)
Less: Net income attributable to noncontrolling interest	536	364
Net loss attributable to Corsair Gaming, Inc.	(11,565)	(2,012)
Change in redemption value of redeemable noncontrolling interest	(975)	958
Net loss attributable to common stockholders of Corsair Gaming, Inc.	$ (12,540)	$ (1,054)
Denominator
Basic weighted-average shares outstanding	103,563	101,685
Total diluted weighted-average shares outstanding	103,563	101,685
Net loss per share attributable to common stockholders of Corsair Gaming, Inc.:
Basic	$ (0.12)	$ (0.01)
Diluted	$ (0.12)	$ (0.01)
Anti-dilutive potential common shares	12,715	11,934

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
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Loss before income taxes	$ (12,806)	$ (2,287)
Income tax benefit	$ 1,777	$ 639
Effective tax rate	13.90%	27.90%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	13.90%	27.90%
Unrealized tax benefits	$ 3.6		$ 3.5

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Details)	3 Months Ended
	Mar. 31, 2024 Segment Customer Country	Mar. 31, 2023 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	45.60%	46.20%
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%
Number of single countries representing more than ten percent threshold | Country	0	0
Customer Concentration Risk | Consolidated Net Revenue
Segment Reporting Information [Line Items]
Number of customers	2	1
Customer Concentration Risk | Consolidated Net Revenue | Customer One
Segment Reporting Information [Line Items]
Percentage of revenue from sales to customers	27.70%	25.80%
Customer Concentration Risk | Consolidated Net Revenue | Customer Two
Segment Reporting Information [Line Items]
Percentage of revenue from sales to customers	11.40%
Customer Concentration Risk | Consolidated Net Revenue | Other Customer
Segment Reporting Information [Line Items]
Percentage of revenue from sales to customers	10%	10%
Number of customer for more than minimum threshold percentage of revenue	0	0

Segment and Geographic Inform_4

Segment and Geographic Information - Summary of Financial Information for Each Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Net revenue	$ 337,257	$ 353,964
Total gross profit	86,639	85,404
Gamer and Creator Peripherals
Segment Reporting Information [Line Items]
Net revenue	106,973	88,942
Total gross profit	43,643	26,648
Gaming Components and Systems
Segment Reporting Information [Line Items]
Net revenue	230,284	265,022
Total gross profit	$ 42,996	$ 58,756

Segment and Geographic Inform_5

Segment and Geographic Information - Summary of Net Revenue By Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Net revenue	$ 337,257	$ 353,964
Americas
Segment Reporting Information [Line Items]
Net revenue	174,972	185,898
Europe and Middle East
Segment Reporting Information [Line Items]
Net revenue	115,735	113,441
Asia Pacific
Segment Reporting Information [Line Items]
Net revenue	$ 46,550	$ 54,625

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest ("RNCI") - Additional Information (Details) - IDisplay Technology	Jan. 01, 2022	Mar. 31, 2024
Redeemable Noncontrolling Interest [Line Items]
Percentage of equity interest acquired	51%	29%
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 ("RNCI") - Schedule of Changes in Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Amounts Attributable to Noncontrolling Interest, Disclosures [Abstract]
Balance at beginning of period	$ 15,937	$ 21,367
Share of net income	317	215
Share of other comprehensive income (loss)	(144)	22
Dividend paid	(1,160)
Change in redemption value	975	(958)
Balance at end of period	$ 15,925	$ 20,646