Corsair Gaming (CRSR) 10-Q 4 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Jul. 27, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
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		95,791,805
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
Former Address
Document Information [Line Items]
Entity Address, Address Line One	47100 Bayside Pkwy
Entity Address, City or Town	Fremont
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94538

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Net revenue	$ 283,908	$ 472,903	$ 664,599	$ 1,002,317
Cost of revenue	247,449	342,552	537,384	711,638
Gross profit	36,459	130,351	127,215	290,679
Operating expenses:
Sales, general and administrative	73,393	80,169	149,524	158,022
Product development	18,026	15,469	35,136	30,655
Total operating expenses	91,419	95,638	184,660	188,677
Operating income (loss)	(54,960)	34,713	(57,445)	102,002
Other (expense) income:
Interest expense	(1,676)	(4,508)	(2,955)	(9,454)
Other income (expense), net	633	(175)	134	(2,600)
Total other expense, net	(1,043)	(4,683)	(2,821)	(12,054)
Income (loss) before income taxes	(56,003)	30,030	(60,266)	89,948
Income tax benefit (expense)	4,164	(2,285)	5,147	(15,480)
Net income (loss)	(51,839)	27,745	(55,119)	74,468
Less: Net income (loss) attributable to noncontrolling interests	174		(233)
Net income (loss) attributable to Corsair Gaming, Inc.	(52,013)	27,745	(54,886)	74,468
Calculation of net income (loss) per share attributable to common stockholders of Corsair Gaming, Inc.:
Net income (loss) attributable to Corsair Gaming, Inc.	(52,013)	27,745	(54,886)	74,468
Change in redemption value of redeemable noncontrolling interests	(7,379)		(9,640)
Net income (loss) attributable to common stockholders of Corsair Gaming, Inc.	$ (59,392)	$ 27,745	$ (64,526)	$ 74,468
Net income (loss) per share attributable to common stockholders of Corsair Gaming, Inc.:
Basic	$ (0.62)	$ 0.30	$ (0.68)	$ 0.81
Diluted	$ (0.62)	$ 0.28	$ (0.68)	$ 0.74
Weighted-average common shares outstanding:
Basic	95,467	92,792	95,372	92,374
Diluted	95,467	100,074	95,372	100,145

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ (51,839)	$ 27,745	$ (55,119)	$ 74,468
Other comprehensive gain (loss):
Foreign currency translation adjustments, net of tax benefit (expense) of $(164) and $0 for the three months ended June 30, 2022 and 2021, respectively, and $(13) and $0 for the six months ended June 30, 2022 and 2021, respectively	(5,154)	481	(7,412)	646
Unrealized foreign exchange gain (loss) from long-term intercompany loans, net of tax benefit (expense) of $55 and $(12) for the three months ended June 30, 2022 and 2021, respectively, and $74 and $32 for the six months ended June 30, 2022 and 2021, respectively	(277)	63	(372)	(161)
Comprehensive income (loss)	(57,270)	28,289	(62,903)	74,953
Less: Comprehensive loss attributable to noncontrolling interests	(91)		(697)
Comprehensive income (loss) attributable to Corsair Gaming, Inc.	$ (57,179)	$ 28,289	$ (62,206)	$ 74,953

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement Of Income And Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax	$ 164	$ 0
Unrealized foreign exchange loss from long-term intercompany loans, tax benefit	$ 13	$ 0

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash	$ 35,851	$ 62,415
Restricted cash	2,620	2,734
Accounts receivable, net	170,309	291,287
Inventories	292,586	298,315
Prepaid expenses and other current assets	53,331	51,024
Total current assets	554,697	705,775
Restricted cash, noncurrent	231	231
Property and equipment, net	22,598	16,819
Goodwill	347,907	317,054
Intangible assets, net	236,481	225,709
Other assets	69,978	71,808
Total assets	1,231,892	1,337,396
Current liabilities:
Debt maturing within one year	4,707	4,753
Accounts payable	193,530	236,120
Other liabilities and accrued expenses	158,296	205,874
Total current liabilities	356,533	446,747
Long-term debt	240,377	242,898
Deferred tax liabilities	23,247	25,700
Other liabilities, noncurrent	49,374	53,871
Total liabilities	669,531	769,216
Commitments and Contingencies (Note 9)
Temporary equity
Redeemable noncontrolling interests	26,749
Corsair Gaming, Inc. stockholders’ equity:
Preferred stock, $0.0001 par value: 5,000 shares authorized, nil and nil shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively
Common stock, $0.0001 par value: 300,000 shares authorized, 95,780 and 94,510 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively	10	9
Additional paid-in capital	498,741	470,364
Retained earnings	33,621	98,147
Accumulated other comprehensive loss	(7,660)	(340)
Total Corsair Gaming, Inc. stockholders’ equity	524,712	568,180
Nonredeemable noncontrolling interests	10,900
Total permanent equity	535,612	568,180
Total liabilities, temporary equity and permanent equity	$ 1,231,892	$ 1,337,396

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
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	95,780,000	94,510,000
Common stock, shares outstanding	95,780,000	94,510,000

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 Income (Loss)	Total Corsair Gaming, Inc. Stockholders' Equity	Nonredeemable Noncontrolling Interest
Balance at Dec. 31, 2020	$ 437,390	$ 9	$ 438,667	$ (2,813)	$ 1,527	$ 437,390
Balance, shares at Dec. 31, 2020		91,935
Net income (loss)	74,468			74,468		74,468
Other comprehensive income (loss)	485				485	485
Issuance of common stock in connection with employee equity incentive plans	9,466		9,466			9,466
Issuance of common stock in connection with employee equity incentive plans, shares		1,855
Shares withheld related to net share settlement	(7)		(7)			(7)
Stock-based compensation	7,884		7,884			7,884
Balance at Jun. 30, 2021	529,686	$ 9	456,010	71,655	2,012	529,686
Balance, shares at Jun. 30, 2021		93,790
Balance at Mar. 31, 2021	487,707	$ 9	442,320	43,910	1,468	487,707
Balance, shares at Mar. 31, 2021		92,087
Net income (loss)	27,745			27,745		27,745
Other comprehensive income (loss)	544				544	544
Issuance of common stock in connection with employee equity incentive plans	8,889		8,889			8,889
Issuance of common stock in connection with employee equity incentive plans, shares		1,703
Shares withheld related to net share settlement	(7)		(7)			(7)
Stock-based compensation	4,808		4,808			4,808
Balance at Jun. 30, 2021	529,686	$ 9	456,010	71,655	2,012	529,686
Balance, shares at Jun. 30, 2021		93,790
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)	(54,981)			(54,886)		(54,886)	(95)
Other comprehensive income (loss)	(7,509)				(7,320)	(7,320)	(189)
Change in redemption value of redeemable noncontrolling interests	(9,640)			(9,640)		(9,640)
Dividend declared to nonredeemable noncontrolling interests	(900)						(900)
Issuance of common stock in connection with employee equity incentive plans	3,508		3,508			3,508
Issuance of common stock in connection with employee equity incentive plans, shares		627
Shares withheld related to net share settlement	(977)		(977)			(977)
Shares withheld related to net share settlement, shares		(47)
Stock-based compensation	11,342		11,342			11,342
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	95,780
Balance at Mar. 31, 2022	$ 592,111	$ 10	489,745	93,013	(2,494)	580,274	11,837
Balance, shares at Mar. 31, 2022	95,373
Net income (loss)	$ (51,942)			(52,013)		(52,013)	71
Other comprehensive income (loss)	(5,274)				(5,166)	(5,166)	(108)
Change in redemption value of redeemable noncontrolling interests	(7,379)			(7,379)		(7,379)
Dividend declared to nonredeemable noncontrolling interests	(900)						(900)
Issuance of common stock in connection with employee equity incentive plans	$ 2,981		2,981			2,981
Issuance of common stock in connection with employee equity incentive plans, shares	413
Shares withheld related to net share settlement	$ (110)		(110)			(110)
Shares withheld related to net share settlement, shares	(6)
Stock-based compensation	$ 6,125		6,125			6,125
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	95,780

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income (loss)	$ (55,119)	$ 74,468
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation	11,234	7,844
Depreciation	5,149	4,938
Amortization	23,572	17,414
Debt issuance costs amortization	172	1,052
Loss on debt extinguishment		797
Deferred income taxes	(10,820)	(5,188)
Other	2,915	1,066
Changes in operating assets and liabilities:
Accounts receivable	120,046	32,508
Inventories	10,559	(58,895)
Prepaid expenses and other assets	(9,481)	(9,645)
Accounts payable	(43,496)	(37,662)
Other liabilities and accrued expenses	(44,680)	30,700
Net cash provided by operating activities	10,051	59,397
Cash flows from investing activities:
Acquisition of business, net of cash acquired	(19,534)	(1,684)
Payment of deferred contingent consideration	(95)	(4,353)
Purchase of property and equipment	(11,921)	(4,894)
Investment in available-for-sale convertible note	(1,000)
Net cash used in investing activities	(32,550)	(10,931)
Cash flows from financing activities:
Repayment of debt	(2,750)	(53,000)
Borrowing from line of credit	403,000
Repayment of line of credit	(403,000)
Payment of contingent consideration	(438)
Proceeds from issuance of shares through employee equity incentive plans	3,508	9,466
Payment of taxes related to net share settlement of equity awards	(997)	(7)
Net cash used in financing activities	(677)	(43,541)
Effect of exchange rate changes on cash	(3,502)	58
Net increase (decrease) in cash and restricted cash	(26,678)	4,983
Cash and restricted cash at the beginning of the period	65,380	133,568
Cash and restricted cash at the end of the period	38,702	138,551
Supplemental cash flow disclosures:
Cash paid for interest	2,665	7,590
Cash paid for income taxes	8,235	5,423
Supplemental schedule of non-cash investing and financing activities:
Equipment purchased and unpaid at period end	2,204	1,719
Right-of-use assets obtained in exchange for operating lease liabilities	565	35,036
Issuance of common stock relating to business acquisition	$ 14,504
Deferred and contingent purchase consideration related to business acquisitions		$ 735

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Description of Business and Basis of Presentation	1. Description of Business Description of Business Corsair Gaming, Inc., a Delaware corporation, together with its subsidiaries (collectively, “Corsair” the “Company”, “we”, “us”, or “our”) 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 camera, studio accessories and EpocCam software, as well as coaching and training services, 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 gaming monitor, among others.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
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”) (“SEC”) The condensed consolidated balance sheet as of December 31, 2021, 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, 2021, 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 June 30, 2022 and our results of operations for the three and six months ended June 30, 2022 and 2021. The results for the three and six months ended June 30, 2022 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 interests. 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”). , 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. As a result, w e recorded a net income ( loss ) of $ million and $ (0.2) million attributable to noncontrolling interests in our condensed consolidated statement of operations for the three and six months ended June 30 , 2022, respectively, equal to the 49 % of the ownership interest retained in iDisplay by the noncontrolling interests. Noncontrolling Interests We have included both redeemable noncontrolling interests and noncontrolling interests in our condensed consolidated balance sheet in connection with our consolidation of the 51% ownership of iDisplay Redeemable noncontrolling interests that are redeemable and not solely within our control are classified within temporary equity in the condensed consolidated balance sheets. Redeemable noncontrolling interests are measured at the greater of the redemption value (calculated based on the formula stipulated in the Shareholders Agreement between the iDisplay seller and Corsair and, including the amounts for dividends not currently declared or paid, for which the payment is not solely within our control), or the carrying value before giving effect to the redemption feature. The redeemable noncontrolling interests are recorded at their maximum redemption value at each reporting date. The redemption value is remeasured each quarter and changes in the value are recognized immediately. Any resulting change in the value of the redeemable noncontrolling interests is recognized through retained earnings and this adjustment also impacts the net income or loss attributable to common stockholders of Corsair Gaming, Inc used in the net income (loss) per share calculation. (See Note 16 for more information regarding the redeemable noncontrolling interests). In addition, we have noncontrolling interests recorded at carrying value which do not have redemption features and are classified within permanent in our condensed consolidated balance sheet. 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 current economic environment. We adjust such estimates and assumptions when facts and circumstances dictate. Actual results could differ materially from those estimates due to risks and uncertainties, including uncertainty in the current economic environment due to COVID-19. Risks and Uncertainties related to the COVID-19 Pandemic and Other General Risks In February 2022, Russia invaded Ukraine resulting in, among other things, broad economic sanctions being imposed on Russia, which has further increased existing global supply chain, logistics, and inflationary challenges. Although our business in Russia and Ukraine was not material to our results, we believe the war has degraded the consumer sentiment in Europe and coupled with the unexpected inflationary pressures which dampened consumer spending, attributed to the 40.0% and 33.7% decrease in our net revenue in the three and six months ended June 30, 2022, respectively, compared to the same periods last year. Due to the COVID-19 pandemic, there has been and will continue to be uncertainty and disruption in the global economy and financial markets. Since early 2020, we have experienced an increase in demand for our gear as more people were under shelter-in-place restrictions, which we believe have limited people’s access to alternative forms of entertainment and social interaction, and thus have increased the demand for home entertainment and connecting with others through content creation. In contrast, as the COVID-19 pandemic subsides, it has resulted in shelter-in-place and other similar restrictions being eased. Such easing of restrictions has resulted in consumers returning to other alternative forms of entertainment and interaction. This in turn has resulted in a decline in demand for our products since the second half of 2021. In addition, we have experienced and continue to experience supply chain challenges, including longer production and shipping times, and increased shipping and logistics costs, each of which has negatively impacted our gross margins, as well as the need to purchase long-lead time items ahead of demand due to supply constraints. The extent of the impact of macroeconomic conditions, the COVID-19 pandemic, geopolitical tensions and supply chain challenges on our business, sales, results of operations, cash flows and financial condition will depend on future developments, which are not within our control and are highly uncertain and cannot be predicted. We will continue to evaluate these risks and uncertainties and further our mitigation plans. Our inventory impairment and related charges increased by $22.7 million in the three months ended June 30, 2022, as compared to the same period last year, primarily resulting from our inventory valuation assessment and our plan to rationalize our inventory level to align with the current revenue outlook at end of June 2022. In addition, i n the three months ended June 30, 2022, in order to align our expenses with the expected revenue level, we implemented a restructuring plan and terminated 92 employees worldwide, resulting in approximately $ 1.5 million of restructuring costs, primarily consisting of severance and benefits. Our restructuring plan has been substantially completed as of June 2022. Recently Adopted Accounting Pronouncements In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805), Accounting Pronouncements Issued but Not Yet Adopted None.

Fair Value Measurement

Fair Value Measurement	6 Months Ended
	Jun. 30, 2022
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. The carrying values of certain of our financial instruments, including accounts receivable and accounts payable, approximate their fair values due to their short maturities. The following tables summarize our financial assets and financial 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): June 30, 2022 (Level 1) (Level 2) (Level 3) Total Assets: Foreign currency forward contracts (1) $ — $ 177 $ — $ 177 Available-for-sale debt securities (2) — — 1,000 1,000 Total assets $ — $ 177 $ 1,000 $ 1,177 Liabilities: Deferred cash consideration in connection with a business acquisition—SCUF (3) $ — $ — $ 954 $ 954 Foreign currency forward contracts (1) — 97 — 97 Total liabilities $ — $ 97 $ 954 $ 1,051 December 31, 2021 (Level 1) (Level 2) (Level 3) Total Assets: Foreign currency forward contracts (1) $ — $ 33 $ — $ 33 Other — 3 — 3 Total assets $ — $ 36 $ — $ 36 Liabilities: Deferred cash consideration in connection with a business acquisition—SCUF (3) $ — $ — $ 1,250 $ 1,250 Foreign currency forward contracts (1) — 427 — 427 Other — — 224 224 Total liabilities $ — $ 427 $ 1,474 $ 1,901 (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 May 2022, we invested in a convertible promissory note issued by a private company (the “Note”) for $1.0 million. The Note is interest bearing and matures in April 2023 due to the absence of quoted market prices or other observable data. The fair value of the Note is estimated based on a qualitative analysis using the most recent observable transaction price and other significant unobservable inputs requiring management judgement. ( 3 ) In December 2019, one of our subsidiaries entered into an Agreement and Plan of Merger with Scuf Holdings, Inc. and 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 $1.3 million liability as of December 31, 2021 consisted of $0.3 million based on a contractual amount and the remaining $1.0 million is subject to update upon filing our tax return for tax year 2021. In March 2022, we paid the $0.3 million contractual amount, and the remaining $1.0 million liability as of June 30, 2022 is subject to update upon filing our tax return for tax year 2021.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2022
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 not 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 $20.9 million and $48.6 million as of June 30, 2022 June 30, 2022

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2022
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 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 will allow 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 seller of iDisplay (the “iDisplay Seller”) has retained 49% noncontrolling interests 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 interests entitled to the put option is considered a redeemable noncontrolling interests. See Note 2, Summary of Significant Accounting Policies – Noncontrolling Interests and Note 16, Redeemable Noncontrolling Interests for more information regarding the redeemable noncontrolling interests. The fair value of the 49% noncontrolling interests was estimated to be $29.6 million. The control premium assigned to Corsair’s 51% controlling financial interest was 15%, which resulted in an implied minority discount of 13%. 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 interests (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 $0.3 million, which was recognized in cost of revenue in the consolidated statements of operations upon the sale of the acquired inventory. 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 of which $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 Closing Date, including subsequent measurement period adjustments: Valuation Useful Life (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. These intangibles are being amortized over their estimated useful lives using the straight-line method of amortization, which reflects the pattern in which the economic benefits of the intangible asset are consumed. Amortization of patent portfolio and supplier relationships is included in cost of revenue and amortization of developed technology is included in product development expense in our condensed consolidated statements of operations. Acquisition-related costs We incurred Unaudited Pro-forma Financial Information Pro forma financial information is not included because the effects of the acquisition are not material to our consolidated statements of operations for 2021.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2022
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 Components and Systems Gamer and Creator Peripherals Total Balance as of December 31, 2021 $ 145,310 $ 171,744 $ 317,054 Addition from iDisplay Acquisition 3,485 28,485 31,970 Measurement period adjustments 235 782 1,017 Effect of foreign currency exchange rates (83 ) (2,051 ) (2,134 ) Balance as of June 30, 2022 $ 148,947 $ 198,960 $ 347,907 Intangible assets, net The following table is a summary of intangible assets, net (in thousands): June 30, 2022 December 31, 2021 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Developed technology $ 54,386 $ 19,815 $ 34,571 $ 32,086 $ 14,922 $ 17,164 Trade name 29,904 5,851 24,053 30,665 4,942 25,723 Customer relationships 218,544 105,910 112,634 218,566 94,910 123,656 Patent portfolio 33,400 9,607 23,793 31,481 8,196 23,285 Non-competition agreements 2,521 2,445 76 2,521 2,193 328 Supplier relationships 6,328 527 5,801 — — — Total finite-life intangibles 345,083 144,155 200,928 315,319 125,163 190,156 Indefinite life trade name 35,430 — 35,430 35,430 — 35,430 Other 123 — 123 123 — 123 Total intangible assets $ 380,636 $ 144,155 $ 236,481 $ 350,872 $ 125,163 $ 225,709 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 June 30, 2022 Amounts Remainder of 2022 $ 19,647 2023 37,971 2024 36,521 2025 36,221 2026 32,855 Thereafter 37,713 Total $ 200,928

Balance Sheet Components

Balance Sheet Components	6 Months Ended
	Jun. 30, 2022
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): Cash and Restricted Cash June 30, 2022 December 31, 2021 Cash $ 35,851 $ 62,415 Restricted cash—short term 2,620 2,734 Restricted cash—noncurrent 231 231 Total cash and restricted cash $ 38,702 $ 65,380 Accounts Receivable, Net June 30, 2022 December 31, 2021 Accounts receivable $ 170,838 $ 291,816 Allowance for doubtful accounts (529 ) (529 ) Accounts receivable, net $ 170,309 $ 291,287 As of June 30, 2022 Inventories June 30, 2022 December 31, 2021 Raw materials $ 69,090 $ 62,110 Work in progress 7,990 4,931 Finished goods 215,506 231,274 Inventories $ 292,586 $ 298,315 Property and Equipment, Net June 30, 2022 December 31, 2021 Manufacturing equipment $ 28,334 $ 26,094 Computer equipment, software and office equipment 9,889 9,407 Furniture and fixtures 4,846 5,154 Leasehold improvements 11,514 4,709 Total property and equipment $ 54,583 $ 45,364 Less: Accumulated depreciation and amortization (31,985 ) (28,545 ) Property and equipment, net $ 22,598 $ 16,819 Other Assets June 30, 2022 December 31, 2021 Right-of-use assets $ 45,054 $ 51,387 Deferred tax asset 17,611 12,737 Other 7,313 7,684 Other assets $ 69,978 $ 71,808 Other Liabilities and Accrued Expenses June 30, 2022 December 31, 2021 Accrued reserves for customer incentive programs $ 50,943 $ 66,733 Accrued reserves for sales return 30,168 37,166 Accrued payroll and related expense 9,558 20,526 Accrued freight expenses 12,788 18,296 Operating lease liabilities, current 7,830 9,457 Income tax payable 6,314 6,316 Contract liabilities 4,255 6,663 Other 36,440 40,717 Other liabilities and accrued expenses $ 158,296 $ 205,874 Other Liabilities, Noncurrent June 30, 2022 December 31, 2021 Operating lease liabilities, noncurrent $ 46,380 $ 51,153 Other 2,994 2,718 Other liabilities, noncurrent $ 49,374 $ 53,871 Nonmonetary Transactions The sales and purchases of inventory with our manufacturers are accounted for as nonmonetary transactions. Upon sale of raw materials to the manufacturer, for the inventories on-hand with the manufacturer where there is an anticipated reciprocal purchase by us, we will record this nonmonetary transaction as prepaid inventories and accrued liabilities. When we transact the reciprocal purchase of inventory from the manufacturer, we will record a payable to the manufacturer at the purchase price, which replaces the initial nonmonetary transaction and inventory will be reflected at carrying value, which includes the costs for the raw materials and the incremental costs charged by the manufacturer for additional work performed on the inventory. In connection with such nonmonetary transactions with our manufacturers, as of June 30, 2022 Because the transactions are nonmonetary, they have not been included in the condensed consolidated statements of cash flows pursuant to ASC 230, Statement of Cash Flows.

Debt

Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	8. Debt Our debt consisted of the following (in thousands): June 30, 2022 December 31, 2021 Term Loan (variable rate) due September 2026 $ 246,250 $ 248,750 Debt discount and issuance cost, net of amortization (1,166 ) (1,099 ) Total debt 245,084 247,651 Less: debt maturing within one year 4,707 4,753 Long-term debt $ 240,377 $ 242,898 First Lien Credit and Guaranty Agreement (Extinguished in September 2021) In August 2017, we entered into a syndicated First Lien Credit and Guaranty Agreement ( “First Lien” “First Lien Term Loan” “Revolver” The First Lien Term Loan initially carried interest at a rate equal to, at our election, either the (a) greatest of (i) the prime rate, (ii) sum of the Federal Funds Effective Rate plus 0.5%, (iii) one month LIBOR plus 1.0% and (iv) 2%, plus a margin of 3.5%, or (b) the greater of (i) LIBOR and (ii) 1.0%, plus a margin of 4.5%. The Revolver initially bore interest at a rate equal to, at our election, either the (a) greatest of (i) the prime rate, (ii) sum of the Federal Funds Effective Rate plus 0.5%, (iii) one month LIBOR plus 1.0% and (iv) 2%, plus 3.5%, or (b) the greater of (i) LIBOR and (ii) 1.0%, plus a margin of 4.5%. As a result of the First Lien amendment in October 2018, the First Lien term loan and Revolver margin were both changed to range from 2.75% to 3.25% for base rate loans and to range from 3.75% to 4.25% for Eurodollar loans, based on our net leverage ratio. We may prepay the First Lien Term Loan and the Revolver at any time without premium or penalty other than customary LIBOR breakage. In the six months ended June 30, 2021, with the excess cash on hand, we made voluntary prepayment The effective interest rate inclusive of the debt discount and debt issuance costs for the First Lien, was approximately 6.46% and 6.45% for the three and six months ended June 30, 2021, respectively. Credit Agreement On September 3, 2021, we entered into a new Credit Agreement (“ Credit Agreement five-year Revolving Facility five-year Term Loan We may prepay the Term Loan and the Revolving Facility at any time without premium or penalty. The credit facilities under the Credit Agreement replaced our senior credit facilities under the First Lien Credit and Guaranty Agreement. The net proceeds from borrowings under the Credit Agreement of $248.5 million (net of $1.5 million of debt discount) were used to repay all amounts outstanding under the First Lien Term Loan on September 3, 2021. 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 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) 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 BSBY one-month The First Amendment was accounted for as a debt modification. As of June 30, 2022, we were not in default under the Credit Agreement. As of June 30, 2022 and December 31, 2021, we had no outstanding balance under the Revolving Facility. The carrying value of our Term Loan was $245.1 million and $247.7 million as of June 30, 2022 and December 31, 2021, respectively. The estimated fair value of the Term Loan as of June 30, 2022, which we have classified as a Level 2 financial instrument, was approximately $240.4 million. The effective interest rate inclusive of the debt discount and debt issuance costs was approximately 2.13% and 1.81% for the three and six months ended June 30, 2022, respectively. The following table summarizes the interest expense recognized for all periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 First Lien Guaranty Agreement: Contractual interest expense for term loan $ — $ 3,537 $ — $ 7,419 Amortization of debt discount and issuance cost — 515 — 1,052 Loss on debt extinguishment — 358 — 797 Credit Agreement: Contractual interest expense for term loan 1,370 — 2,235 — Contractual interest expense for revolving facility 201 — 475 — Amortization of debt discount and issuance cost 86 — 172 — Other 19 98 73 186 Total interest expense recognized $ 1,676 $ 4,508 $ 2,955 $ 9,454 The estimated future principal payments under our total long-term debt as of June 30, 2022 are as follows (in thousands): Amounts Remainder of 2022 $ 2,500 2023 6,875 2024 12,500 2025 12,500 2026 211,875 Thereafter — Total debt $ 246,250

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 Beginning of the period $ 5,392 $ 6,001 $ 5,655 $ 5,865 Warranty provision related to products shipped 1,167 1,660 2,465 3,533 Deductions for warranty claims processed (1,794 ) (1,912 ) (3,355 ) (3,649 ) End of period $ 4,765 $ 5,749 $ 4,765 $ 5,749 Unconditional Purchase Obligations Our long-term non-cancelable purchase commitments consist primarily of multi-year contractual arrangements relating to subscriptions for cloud computing hosting arrangements for various reporting applications and the related support services. Long-term non-cancelable purchase commitments as of June 30, 2022 Amounts Remainder of 2022 $ 887 2023 1,761 2024 1,787 2025 316 2026 — Thereafter — Total $ 4,751 Our total long term non-cancelable purchase commitments outstanding as of December 31, 2021 were $7.1 million. Letters of Credit The total letters of credit outstanding, in aggregate, was $0.5 million as of June 30, 2022 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	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 and December 31, 2021.

Equity Incentive Plans and Stoc

Equity Incentive Plans and Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity Incentive Plans and Stock-Based Compensation	11. Equity Incentive Plans and Stock-Based Compensation As of June 30, 2022 ESPP The following table summarizes stock-based compensation expense by line item in the accompanying condensed consolidated statements of operations (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Cost of revenue $ 380 $ 293 $ 665 $ 474 Sales, general and administrative 4,861 3,600 9,013 6,172 Product development 850 875 1,560 1,198 Stock-based compensation expense, net of amounts capitalized (1) $ 6,091 $ 4,768 $ 11,238 $ 7,844 Income tax benefits related to stock-based compensation expense $ 59 $ 4,236 $ 370 $ 5,155 (1) Total stock-based compensation expense capitalized in inventory and as cloud computing arrangement (“CCA”) 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): June 30, 2022 Unrecognized Expense Remaining weighted average period (In years) Stock Options $ 27,741 2.3 RSUs 31,170 3.2 Total unrecognized stock-based compensation expense $ 58,911 The total intrinsic value of options exercised was $2.4 million and $4.0 million for the three and six months ended . The total fair value of RSUs vested was $0.4 million and $2.9 million for the three and six months ended June 30, 2022, there were immaterial RSUs vested for the three and six months ended June 30, 2021.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	6 Months Ended
	Jun. 30, 2022
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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 Numerator Net income (loss) $ (51,839 ) $ 27,745 $ (55,119 ) $ 74,468 Less: Net income (loss) attributable to noncontrolling interests 174 — (233 ) — Net income (loss) attributable to Corsair Gaming, Inc. (52,013 ) 27,745 (54,886 ) 74,468 Change in redemption value of redeemable noncontrolling interests (7,379 ) — (9,640 ) — Net income (loss) attributable to common stockholders of Corsair Gaming, Inc. $ (59,392 ) $ 27,745 $ (64,526 ) $ 74,468 Denominator Basic weighted-average shares outstanding 95,467 92,792 95,372 92,374 Effect of dilutive securities (1) — 7,282 — 7,771 Total diluted weighted-average shares outstanding 95,467 100,074 95,372 100,145 Net income (loss) per share attributable to common stockholders of Corsair Gaming, Inc. Basic $ (0.62 ) $ 0.30 $ (0.68 ) $ 0.81 Diluted $ (0.62 ) $ 0.28 $ (0.68 ) $ 0.74 Anti-dilutive potential common shares (1) 11,198 781 10,791 575 (1) Potential common share equivalents were not included in the calculation of diluted net income (loss) per share as the effect would have been anti-dilutive.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes The table below presents our income (loss) before income taxes, income tax benefit (expense) and effective income tax rates for all periods presented (in thousands, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Income (loss) before income taxes $ (56,003 ) $ 30,030 $ (60,266 ) $ 89,948 Income tax benefit (expense) 4,164 (2,285 ) 5,147 (15,480 ) Effective tax rate 7.4 % 7.6 % 8.5 % 17.2 % 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, and 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 consistent for the three months ended June 30, 2022 and 2021, at 7.4% and 7.6%, respectively. Our effective tax rates were 8.5% and 17.2% for the six months ended June 30, 2022 and 2021, respectively. The decrease in effective tax rates was primarily due to an increase in losses in our foreign subsidiaries offset by a decrease in excess tax benefits from stock-based compensation recognized in the six months ended June 30, 2022, as compared to the same period last year. In addition, in the six months ended June 30, 2021, we recorded a $1.4 million one-time tax expense related to the remeasurement of our United Kingdom deferred tax liabilities as a result of the enactment of the increased corporate tax rate in the United Kingdom. Unrecognized tax benefits were $3.7 million and $3.8 million as of June 30, 2022 f recognized, would favorably affect the effective income tax rate in future periods

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jun. 30, 2022
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 camera, studio accessories and EpocCam software, as well as coaching and training services, 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 gaming monitor, 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 table below summarizes the financial information for each reportable segment (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net revenue Gamer and Creator Peripherals $ 88,989 $ 155,157 $ 223,137 $ 331,069 Gaming Components and Systems 194,919 317,746 441,462 671,248 Total net revenue $ 283,908 $ 472,903 $ 664,599 $ 1,002,317 Gross Profit Gamer and Creator Peripherals $ 10,558 $ 54,634 $ 53,615 $ 123,500 Gaming Components and Systems 25,901 75,717 73,600 167,179 Total gross profit $ 36,459 $ 130,351 $ 127,215 $ 290,679 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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net revenue Americas $ 149,633 $ 191,070 $ 342,457 $ 417,458 Europe and Middle East 71,231 187,708 193,429 413,202 Asia Pacific 63,044 94,125 128,713 171,657 Total net revenue $ 283,908 $ 472,903 $ 664,599 $ 1,002,317 Revenues from sales to customers in the United States represented 45.0% and 35.1% for the three months ended June 30, 2022 Revenue from sales to customers in the United Kingdom were below 10.0% for the three and six months ended June 30, 2022 but represented 10.0% and 10.1% for the three and six months ended June 30, 2021, respectively. One customer represented at least 10% of total net revenue for each of the periods presented.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interests	6 Months Ended
	Jun. 30, 2022
Income Amounts Attributable To Noncontrolling Interest Disclosures [Abstract]
Redeemable Noncontrolling Interests	15. Redeemable Noncontrolling Interests 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. 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 interests redeemable and therefore, the redeemable noncontrolling interests are classified as temporary equity and carried at redemption value on our condensed consolidated balance sheet. The change in redemption value is recognized through retained earnings. As of the Closing Date of the iDisplay Acquisition, the fair value of the total 49% noncontrolling interests in iDisplay has been estimated to be $29.6 million, of which $17.5 million is attributable to the 29% redeemable noncontrolling interests and classified within temporary equity and $12.1 million is attributable to the 20% noncontrolling interests classified within permanent equity on our condensed consolidated balance sheets The following table presents the changes in redeemable noncontrolling interests for the period presented (in thousands): Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Balance at beginning of period $ 19,424 $ — Redeemable noncontrolling interests in iDisplay estimated at fair value at Closing Date — 17,522 Net income (loss) attributable to redeemable noncontrolling interests 103 (138 ) Other comprehensive loss attributable to redeemable noncontrolling interests (157 ) (275 ) Change in redemption value of redeemable noncontrolling interests (1) 7,379 9,640 Balance at end of period (2) $ 26,749 $ 26,749 (1) These amounts represent $7.4 million and $9.6 million increase in redemption value over the carrying value for the three and six months ended June 30, 2022 respectively. These amounts were recorded as an offset to retained earnings and increased the net loss used in the calculation of net loss per share attributable for these periods. (2) The redeemable noncontrolling interest balance at June 30, 2022 included the amount calculated based on multiples of iDisplay’s historical TTM EBITDA less any debt and the accrual for dividends declared in June 2022 based on the Shareholders Agreement.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
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”) (“SEC”) The condensed consolidated balance sheet as of December 31, 2021, 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, 2021, 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 June 30, 2022 and our results of operations for the three and six months ended June 30, 2022 and 2021. The results for the three and six months ended June 30, 2022 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 interests. 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”). , 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. As a result, w e recorded a net income ( loss ) of $ million and $ (0.2) million attributable to noncontrolling interests in our condensed consolidated statement of operations for the three and six months ended June 30 , 2022, respectively, equal to the 49 % of the ownership interest retained in iDisplay by the noncontrolling interests.
Noncontrolling Interests	Noncontrolling Interests We have included both redeemable noncontrolling interests and noncontrolling interests in our condensed consolidated balance sheet in connection with our consolidation of the 51% ownership of iDisplay Redeemable noncontrolling interests that are redeemable and not solely within our control are classified within temporary equity in the condensed consolidated balance sheets. Redeemable noncontrolling interests are measured at the greater of the redemption value (calculated based on the formula stipulated in the Shareholders Agreement between the iDisplay seller and Corsair and, including the amounts for dividends not currently declared or paid, for which the payment is not solely within our control), or the carrying value before giving effect to the redemption feature. The redeemable noncontrolling interests are recorded at their maximum redemption value at each reporting date. The redemption value is remeasured each quarter and changes in the value are recognized immediately. Any resulting change in the value of the redeemable noncontrolling interests is recognized through retained earnings and this adjustment also impacts the net income or loss attributable to common stockholders of Corsair Gaming, Inc used in the net income (loss) per share calculation. (See Note 16 for more information regarding the redeemable noncontrolling interests). In addition, we have noncontrolling interests recorded at carrying value which do not have redemption features and are classified within permanent in our condensed consolidated balance sheet.
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 current economic environment. We adjust such estimates and assumptions when facts and circumstances dictate. Actual results could differ materially from those estimates due to risks and uncertainties, including uncertainty in the current economic environment due to COVID-19.
Risks and Uncertainties Related To COVID-19 Pandemic and Other General Risk	Risks and Uncertainties related to the COVID-19 Pandemic and Other General Risks In February 2022, Russia invaded Ukraine resulting in, among other things, broad economic sanctions being imposed on Russia, which has further increased existing global supply chain, logistics, and inflationary challenges. Although our business in Russia and Ukraine was not material to our results, we believe the war has degraded the consumer sentiment in Europe and coupled with the unexpected inflationary pressures which dampened consumer spending, attributed to the 40.0% and 33.7% decrease in our net revenue in the three and six months ended June 30, 2022, respectively, compared to the same periods last year. Due to the COVID-19 pandemic, there has been and will continue to be uncertainty and disruption in the global economy and financial markets. Since early 2020, we have experienced an increase in demand for our gear as more people were under shelter-in-place restrictions, which we believe have limited people’s access to alternative forms of entertainment and social interaction, and thus have increased the demand for home entertainment and connecting with others through content creation. In contrast, as the COVID-19 pandemic subsides, it has resulted in shelter-in-place and other similar restrictions being eased. Such easing of restrictions has resulted in consumers returning to other alternative forms of entertainment and interaction. This in turn has resulted in a decline in demand for our products since the second half of 2021. In addition, we have experienced and continue to experience supply chain challenges, including longer production and shipping times, and increased shipping and logistics costs, each of which has negatively impacted our gross margins, as well as the need to purchase long-lead time items ahead of demand due to supply constraints. The extent of the impact of macroeconomic conditions, the COVID-19 pandemic, geopolitical tensions and supply chain challenges on our business, sales, results of operations, cash flows and financial condition will depend on future developments, which are not within our control and are highly uncertain and cannot be predicted. We will continue to evaluate these risks and uncertainties and further our mitigation plans. Our inventory impairment and related charges increased by $22.7 million in the three months ended June 30, 2022, as compared to the same period last year, primarily resulting from our inventory valuation assessment and our plan to rationalize our inventory level to align with the current revenue outlook at end of June 2022. In addition, i n the three months ended June 30, 2022, in order to align our expenses with the expected revenue level, we implemented a restructuring plan and terminated 92 employees worldwide, resulting in approximately $ 1.5 million of restructuring costs, primarily consisting of severance and benefits. Our restructuring plan has been substantially completed as of June 2022.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805),
Accounting Pronouncements Issued but Not Yet Adopted	Accounting Pronouncements Issued but Not Yet Adopted None.

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Summary of Financial Assets and Liabilities that Measured at Fair Value	The carrying values of certain of our financial instruments, including accounts receivable and accounts payable, approximate their fair values due to their short maturities. The following tables summarize our financial assets and financial 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): June 30, 2022 (Level 1) (Level 2) (Level 3) Total Assets: Foreign currency forward contracts (1) $ — $ 177 $ — $ 177 Available-for-sale debt securities (2) — — 1,000 1,000 Total assets $ — $ 177 $ 1,000 $ 1,177 Liabilities: Deferred cash consideration in connection with a business acquisition—SCUF (3) $ — $ — $ 954 $ 954 Foreign currency forward contracts (1) — 97 — 97 Total liabilities $ — $ 97 $ 954 $ 1,051 December 31, 2021 (Level 1) (Level 2) (Level 3) Total Assets: Foreign currency forward contracts (1) $ — $ 33 $ — $ 33 Other — 3 — 3 Total assets $ — $ 36 $ — $ 36 Liabilities: Deferred cash consideration in connection with a business acquisition—SCUF (3) $ — $ — $ 1,250 $ 1,250 Foreign currency forward contracts (1) — 427 — 427 Other — — 224 224 Total liabilities $ — $ 427 $ 1,474 $ 1,901 (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 May 2022, we invested in a convertible promissory note issued by a private company (the “Note”) for $1.0 million. The Note is interest bearing and matures in April 2023 due to the absence of quoted market prices or other observable data. The fair value of the Note is estimated based on a qualitative analysis using the most recent observable transaction price and other significant unobservable inputs requiring management judgement. ( 3 ) In December 2019, one of our subsidiaries entered into an Agreement and Plan of Merger with Scuf Holdings, Inc. and 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 $1.3 million liability as of December 31, 2021 consisted of $0.3 million based on a contractual amount and the remaining $1.0 million is subject to update upon filing our tax return for tax year 2021. In March 2022, we paid the $0.3 million contractual amount, and the remaining $1.0 million liability as of June 30, 2022 is subject to update upon filing our tax return for tax year 2021.

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
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 interests (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
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 Closing Date, including subsequent measurement period adjustments: Valuation Useful Life (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

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Changes in Carrying Amount of Goodwill by Reportable Segment	The following table summarizes the changes in the carrying amount of goodwill by reportable segment (in thousands): Gaming Components and Systems Gamer and Creator Peripherals Total Balance as of December 31, 2021 $ 145,310 $ 171,744 $ 317,054 Addition from iDisplay Acquisition 3,485 28,485 31,970 Measurement period adjustments 235 782 1,017 Effect of foreign currency exchange rates (83 ) (2,051 ) (2,134 ) Balance as of June 30, 2022 $ 148,947 $ 198,960 $ 347,907
Summary of Intangible Assets, Net	The following table is a summary of intangible assets, net (in thousands): June 30, 2022 December 31, 2021 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Developed technology $ 54,386 $ 19,815 $ 34,571 $ 32,086 $ 14,922 $ 17,164 Trade name 29,904 5,851 24,053 30,665 4,942 25,723 Customer relationships 218,544 105,910 112,634 218,566 94,910 123,656 Patent portfolio 33,400 9,607 23,793 31,481 8,196 23,285 Non-competition agreements 2,521 2,445 76 2,521 2,193 328 Supplier relationships 6,328 527 5,801 — — — Total finite-life intangibles 345,083 144,155 200,928 315,319 125,163 190,156 Indefinite life trade name 35,430 — 35,430 35,430 — 35,430 Other 123 — 123 123 — 123 Total intangible assets $ 380,636 $ 144,155 $ 236,481 $ 350,872 $ 125,163 $ 225,709
Schedule of Estimated Future Amortization Expense of Intangible Assets	The estimated future amortization expense of intangible assets as of June 30, 2022 Amounts Remainder of 2022 $ 19,647 2023 37,971 2024 36,521 2025 36,221 2026 32,855 Thereafter 37,713 Total $ 200,928

Balance Sheet Components (Table

Balance Sheet Components (Tables)	6 Months Ended
	Jun. 30, 2022
Balance Sheet Related Disclosures [Abstract]
Schedule of Components of Balance Sheet	The following tables present the components of certain balance sheet amounts (in thousands): Cash and Restricted Cash June 30, 2022 December 31, 2021 Cash $ 35,851 $ 62,415 Restricted cash—short term 2,620 2,734 Restricted cash—noncurrent 231 231 Total cash and restricted cash $ 38,702 $ 65,380 Accounts Receivable, Net June 30, 2022 December 31, 2021 Accounts receivable $ 170,838 $ 291,816 Allowance for doubtful accounts (529 ) (529 ) Accounts receivable, net $ 170,309 $ 291,287 As of June 30, 2022 Inventories June 30, 2022 December 31, 2021 Raw materials $ 69,090 $ 62,110 Work in progress 7,990 4,931 Finished goods 215,506 231,274 Inventories $ 292,586 $ 298,315 Property and Equipment, Net June 30, 2022 December 31, 2021 Manufacturing equipment $ 28,334 $ 26,094 Computer equipment, software and office equipment 9,889 9,407 Furniture and fixtures 4,846 5,154 Leasehold improvements 11,514 4,709 Total property and equipment $ 54,583 $ 45,364 Less: Accumulated depreciation and amortization (31,985 ) (28,545 ) Property and equipment, net $ 22,598 $ 16,819 Other Assets June 30, 2022 December 31, 2021 Right-of-use assets $ 45,054 $ 51,387 Deferred tax asset 17,611 12,737 Other 7,313 7,684 Other assets $ 69,978 $ 71,808 Other Liabilities and Accrued Expenses June 30, 2022 December 31, 2021 Accrued reserves for customer incentive programs $ 50,943 $ 66,733 Accrued reserves for sales return 30,168 37,166 Accrued payroll and related expense 9,558 20,526 Accrued freight expenses 12,788 18,296 Operating lease liabilities, current 7,830 9,457 Income tax payable 6,314 6,316 Contract liabilities 4,255 6,663 Other 36,440 40,717 Other liabilities and accrued expenses $ 158,296 $ 205,874 Other Liabilities, Noncurrent June 30, 2022 December 31, 2021 Operating lease liabilities, noncurrent $ 46,380 $ 51,153 Other 2,994 2,718 Other liabilities, noncurrent $ 49,374 $ 53,871

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Summary of Debt	Our debt consisted of the following (in thousands): June 30, 2022 December 31, 2021 Term Loan (variable rate) due September 2026 $ 246,250 $ 248,750 Debt discount and issuance cost, net of amortization (1,166 ) (1,099 ) Total debt 245,084 247,651 Less: debt maturing within one year 4,707 4,753 Long-term debt $ 240,377 $ 242,898
Summary of Interest Expense Recognized	The following table summarizes the interest expense recognized for all periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 First Lien Guaranty Agreement: Contractual interest expense for term loan $ — $ 3,537 $ — $ 7,419 Amortization of debt discount and issuance cost — 515 — 1,052 Loss on debt extinguishment — 358 — 797 Credit Agreement: Contractual interest expense for term loan 1,370 — 2,235 — Contractual interest expense for revolving facility 201 — 475 — Amortization of debt discount and issuance cost 86 — 172 — Other 19 98 73 186 Total interest expense recognized $ 1,676 $ 4,508 $ 2,955 $ 9,454
Summary of Estimated Future Principal Payments under Total Long-term Debt	The estimated future principal payments under our total long-term debt as of June 30, 2022 are as follows (in thousands): Amounts Remainder of 2022 $ 2,500 2023 6,875 2024 12,500 2025 12,500 2026 211,875 Thereafter — Total debt $ 246,250

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2022
Commitments And Contingencies Disclosure [Abstract]
Schedule of Changes in Warranty	Changes in our warranty obligations were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Beginning of the period $ 5,392 $ 6,001 $ 5,655 $ 5,865 Warranty provision related to products shipped 1,167 1,660 2,465 3,533 Deductions for warranty claims processed (1,794 ) (1,912 ) (3,355 ) (3,649 ) End of period $ 4,765 $ 5,749 $ 4,765 $ 5,749
Schedule of Long-Term Non-Cancelable Purchase Commitment	Long-term non-cancelable purchase commitments as of June 30, 2022 Amounts Remainder of 2022 $ 887 2023 1,761 2024 1,787 2025 316 2026 — Thereafter — Total $ 4,751

Equity Incentive Plans and St_2

Equity Incentive Plans and Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Stock-based Compensation Expense	The following table summarizes stock-based compensation expense by line item in the accompanying condensed consolidated statements of operations (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Cost of revenue $ 380 $ 293 $ 665 $ 474 Sales, general and administrative 4,861 3,600 9,013 6,172 Product development 850 875 1,560 1,198 Stock-based compensation expense, net of amounts capitalized (1) $ 6,091 $ 4,768 $ 11,238 $ 7,844 Income tax benefits related to stock-based compensation expense $ 59 $ 4,236 $ 370 $ 5,155 (1) Total stock-based compensation expense capitalized in inventory and as cloud computing arrangement (“CCA”) 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): June 30, 2022 Unrecognized Expense Remaining weighted average period (In years) Stock Options $ 27,741 2.3 RSUs 31,170 3.2 Total unrecognized stock-based compensation expense $ 58,911

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 Numerator Net income (loss) $ (51,839 ) $ 27,745 $ (55,119 ) $ 74,468 Less: Net income (loss) attributable to noncontrolling interests 174 — (233 ) — Net income (loss) attributable to Corsair Gaming, Inc. (52,013 ) 27,745 (54,886 ) 74,468 Change in redemption value of redeemable noncontrolling interests (7,379 ) — (9,640 ) — Net income (loss) attributable to common stockholders of Corsair Gaming, Inc. $ (59,392 ) $ 27,745 $ (64,526 ) $ 74,468 Denominator Basic weighted-average shares outstanding 95,467 92,792 95,372 92,374 Effect of dilutive securities (1) — 7,282 — 7,771 Total diluted weighted-average shares outstanding 95,467 100,074 95,372 100,145 Net income (loss) per share attributable to common stockholders of Corsair Gaming, Inc. Basic $ (0.62 ) $ 0.30 $ (0.68 ) $ 0.81 Diluted $ (0.62 ) $ 0.28 $ (0.68 ) $ 0.74 Anti-dilutive potential common shares (1) 11,198 781 10,791 575 (1) Potential common share equivalents were not included in the calculation of diluted net income (loss) per share as the effect would have been anti-dilutive.

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of Income Before Income Taxes, Income Tax Expense and Effective Income Tax Rates	The table below presents our income (loss) before income taxes, income tax benefit (expense) and effective income tax rates for all periods presented (in thousands, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Income (loss) before income taxes $ (56,003 ) $ 30,030 $ (60,266 ) $ 89,948 Income tax benefit (expense) 4,164 (2,285 ) 5,147 (15,480 ) Effective tax rate 7.4 % 7.6 % 8.5 % 17.2 %

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net revenue Gamer and Creator Peripherals $ 88,989 $ 155,157 $ 223,137 $ 331,069 Gaming Components and Systems 194,919 317,746 441,462 671,248 Total net revenue $ 283,908 $ 472,903 $ 664,599 $ 1,002,317 Gross Profit Gamer and Creator Peripherals $ 10,558 $ 54,634 $ 53,615 $ 123,500 Gaming Components and Systems 25,901 75,717 73,600 167,179 Total gross profit $ 36,459 $ 130,351 $ 127,215 $ 290,679
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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net revenue Americas $ 149,633 $ 191,070 $ 342,457 $ 417,458 Europe and Middle East 71,231 187,708 193,429 413,202 Asia Pacific 63,044 94,125 128,713 171,657 Total net revenue $ 283,908 $ 472,903 $ 664,599 $ 1,002,317

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interests (Tables)	6 Months Ended
	Jun. 30, 2022
Income Amounts Attributable To Noncontrolling Interest Disclosures [Abstract]
Redeemable Noncontrolling Interests	The following table presents the changes in redeemable noncontrolling interests for the period presented (in thousands): Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Balance at beginning of period $ 19,424 $ — Redeemable noncontrolling interests in iDisplay estimated at fair value at Closing Date — 17,522 Net income (loss) attributable to redeemable noncontrolling interests 103 (138 ) Other comprehensive loss attributable to redeemable noncontrolling interests (157 ) (275 ) Change in redemption value of redeemable noncontrolling interests (1) 7,379 9,640 Balance at end of period (2) $ 26,749 $ 26,749 (1) These amounts represent $7.4 million and $9.6 million increase in redemption value over the carrying value for the three and six months ended June 30, 2022 respectively. These amounts were recorded as an offset to retained earnings and increased the net loss used in the calculation of net loss per share attributable for these periods. (2) The redeemable noncontrolling interest balance at June 30, 2022 included the amount calculated based on multiples of iDisplay’s historical TTM EBITDA less any debt and the accrual for dividends declared in June 2022 based on the Shareholders Agreement.

Description of Business and B_2

Description of Business and Basis of Presentation - Additional Information (Detail) - Segment	3 Months Ended	6 Months Ended
	Mar. 31, 2022	Jun. 30, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of reportable segments	2	2

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022 USD ($) Employee	Jun. 30, 2022 USD ($)	Jan. 01, 2022
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Net income (loss) attributable to noncontrolling interests	$ 174	$ (233)
Decreased in percentage of net revenue	40%	33.70%
Increase decrease in inventory impairment and related charges	$ 22,700
Restructuring and related cost, number of positions eliminated | Employee	92
Restructuring and related cost, severance and benefits	$ 1,500
ASU 2020-04
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted	true	true
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2022	Jan. 01, 2022
Change in accounting principle, accounting standards update, immaterial effect	true	true
ASU 2021-08
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted	true	true
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2022	Jan. 01, 2022
Change in accounting principle, accounting standards update, immaterial effect	true	true
IDisplay Technology
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Percentage of equity interest acquired	51%	51%	51%
Net income (loss) attributable to noncontrolling interests	$ 200	$ (200)
IDisplay Technology | IDisplay Seller
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Noncontrolling interest			49%

Fair Value Measurement - Summar

Fair Value Measurement - Summary of Financial Liabilities that Measured at Fair Value (Details) - Fair Value Recurring Basis - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets:
Assets	$ 1,177	$ 36
Liabilities:
Liabilities	1,051	1,901
Available-for Sale Debt Securities
Assets:
Assets	1,000
Foreign Currency Forward Contracts
Assets:
Assets	177	33
Liabilities:
Liabilities	97	427
Other
Assets:
Assets		3
Liabilities:
Liabilities		224
(Level 2)
Assets:
Assets	177	36
Liabilities:
Liabilities	97	427
(Level 2) | Foreign Currency Forward Contracts
Assets:
Assets	177	33
Liabilities:
Liabilities	97	427
(Level 2) | Other
Assets:
Assets		3
(Level 3)
Assets:
Assets	1,000
Liabilities:
Liabilities	954	1,474
(Level 3) | Available-for Sale Debt Securities
Assets:
Assets	1,000
(Level 3) | Other
Liabilities:
Liabilities		224
Deferred Cash Consideration Business Acquisition SCUF
Liabilities:
Liabilities	954	1,250
Deferred Cash Consideration Business Acquisition SCUF | (Level 3)
Liabilities:
Liabilities	$ 954	$ 1,250

Fair Value Measurement - Summ_2

Fair Value Measurement - Summary of Financial Liabilities that Measured at Fair Value (Parenthetical) (Details) - USD ($) $ in Millions	Jun. 30, 2022	May 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Convertible Promissory Note
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment fair value		$ 1
Investment maturity date		Apr. 30, 2023
Contingent Consideration Business Acquisition SCUF
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities			$ 1	$ 1.3
Contractual Amount | Contingent Consideration Business Acquisition SCUF
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities			$ 0.3	0.3
Tax Return Filing Adjustment | Contingent Consideration Business Acquisition SCUF
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities	$ 1			$ 1

Derivative Financial Instrume_2

Derivative Financial Instruments - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) Derivative	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Derivative Instruments Gain Loss [Line Items]
Derivative instruments for trading purposes | Derivative			0
Designated as Hedging Instruments
Derivative Instruments Gain Loss [Line Items]
Derivative, amount of hedged item	$ 0		$ 0
Foreign Currency Forward Contracts | Non Designated
Derivative Instruments Gain Loss [Line Items]
Notional principal amount	20,900,000		20,900,000		$ 48,600,000
Foreign Currency Forward Contracts | Non Designated | Other (Expense) Income
Derivative Instruments Gain Loss [Line Items]
Fair value gains (losses) recognized in other (expense) income	$ 2,100,000	$ (600,000)	$ 2,600,000	$ 100,000
Minimum | Foreign Currency Forward Contracts | Non Designated
Derivative Instruments Gain Loss [Line Items]
Derivative maturity term			2 months
Maximum [Member] | Foreign Currency Forward Contracts | Non Designated
Derivative Instruments Gain Loss [Line Items]
Derivative maturity term			4 months

Business Combinations - Additio

Business Combinations - Additional Information (Details) - IDisplay Technology - USD ($) $ in Thousands		3 Months Ended	6 Months Ended	12 Months Ended
	Jan. 01, 2022	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Percentage of equity interest acquired	51%	51%	51%
Fair value of consideration	$ 36,368
Purchase consideration paid in cash	$ 21,864
Purchase consideration paid in equity shares	690,333,000
Fair value of equity issued in business combination	$ 14,504
Accounts payable	$ 3,500
Percentage of Redeemable Noncontrolling Interests	29%
Put and call option expiration date	Jan. 01, 2025
Fair value of noncontrolling interest amount	$ 29,606
Percentage of controlling financial interest	15%
Implied minority discount percentage	13%
Increased goodwill	$ 1,000
Decreased identifiable intangible assets	1,100
Deferred Liabilities	100
Inventory	300
Fair value of identifiable intangible assets net tangible assets and liabilities acquired	33,000
Deferred tax liability	4,561
Acquisition-related costs		$ 100	$ 600	$ 600
Gamer and Creator Peripherals
Business Acquisition [Line Items]
Fair value of identifiable intangible assets net tangible assets and liabilities acquired	29,300
Gaming Components and Systems
Business Acquisition [Line Items]
Fair value of identifiable intangible assets net tangible assets and liabilities acquired	$ 3,700
First Anniversary
Business Acquisition [Line Items]
Percentage of equity interest acquired	14%
Second Anniversary
Business Acquisition [Line Items]
Percentage of equity interest acquired	15%
IDisplay Seller
Business Acquisition [Line Items]
Noncontrolling interest	49%

Business Combinations - Schedul

Business Combinations - Schedule of Estimated Fair Value of Assets Acquired and Liabilities (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jun. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 347,907	$ 317,054
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

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	6 Months Ended
	Jun. 30, 2022 USD ($)
Goodwill [Line Items]
Balance	$ 317,054
Addition from iDisplay Acquisition	31,970
Measurement period adjustments	1,017
Effect of foreign currency exchange rates	(2,134)
Balance	347,907
Gaming Components and Systems
Goodwill [Line Items]
Balance	145,310
Addition from iDisplay Acquisition	3,485
Measurement period adjustments	235
Effect of foreign currency exchange rates	(83)
Balance	148,947
Gamer and Creator Peripherals
Goodwill [Line Items]
Balance	171,744
Addition from iDisplay Acquisition	28,485
Measurement period adjustments	782
Effect of foreign currency exchange rates	(2,051)
Balance	$ 198,960

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Intangible Assets, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Total finite-life intangibles, Gross Carrying Amount	$ 345,083	$ 315,319
Total finite-life intangibles, Accumulated Amortization	144,155	125,163
Total finite-life intangibles, Net Carrying Amount	200,928	190,156
Total intangible assets, Gross Carrying Amount	380,636	350,872
Total intangible assets, Net Carrying Amount	236,481	225,709
Trade Name
Indefinite-life intangibles, Gross and Net Carrying Amount	35,430	35,430
Other
Indefinite-life intangibles, Gross and Net Carrying Amount	123	123
Developed Technology
Total finite-life intangibles, Gross Carrying Amount	54,386	32,086
Total finite-life intangibles, Accumulated Amortization	19,815	14,922
Total finite-life intangibles, Net Carrying Amount	34,571	17,164
Trade Name
Total finite-life intangibles, Gross Carrying Amount	29,904	30,665
Total finite-life intangibles, Accumulated Amortization	5,851	4,942
Total finite-life intangibles, Net Carrying Amount	24,053	25,723
Customer Relationships
Total finite-life intangibles, Gross Carrying Amount	218,544	218,566
Total finite-life intangibles, Accumulated Amortization	105,910	94,910
Total finite-life intangibles, Net Carrying Amount	112,634	123,656
Patents
Total finite-life intangibles, Gross Carrying Amount	33,400	31,481
Total finite-life intangibles, Accumulated Amortization	9,607	8,196
Total finite-life intangibles, Net Carrying Amount	23,793	23,285
Noncompete Agreements
Total finite-life intangibles, Gross Carrying Amount	2,521	2,521
Total finite-life intangibles, Accumulated Amortization	2,445	2,193
Total finite-life intangibles, Net Carrying Amount	76	$ 328
Supplier Relationship
Total finite-life intangibles, Gross Carrying Amount	6,328
Total finite-life intangibles, Accumulated Amortization	527
Total finite-life intangibles, Net Carrying Amount	$ 5,801

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Estimated Future Amortization Expense of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Remainder of 2022	$ 19,647
2023	37,971
2024	36,521
2025	36,221
2026	32,855
Thereafter	37,713
Total finite-life intangibles, Net Carrying Amount	$ 200,928	$ 190,156

Balance Sheet Components - Sche

Balance Sheet Components - Schedule of Components of Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Balance Sheet Related Disclosures [Line Items]
Cash	$ 35,851	$ 62,415
Restricted cash	2,620	2,734
Restricted cash, noncurrent	231	231
Total cash and restricted cash	38,702	65,380	$ 138,551	$ 133,568
Accounts receivable	170,838	291,816
Allowance for doubtful accounts	(529)	(529)
Accounts receivable, net	170,309	291,287
Raw materials	69,090	62,110
Work in progress	7,990	4,931
Finished goods	215,506	231,274
Inventories	292,586	298,315
Total property and equipment	54,583	45,364
Less: Accumulated depreciation and amortization	(31,985)	(28,545)
Property and equipment, net	22,598	16,819
Right-of-use assets	45,054	51,387
Deferred tax asset	17,611	12,737
Other	7,313	7,684
Other assets	69,978	71,808
Accrued reserves for customer incentive programs	50,943	66,733
Accrued reserves for sales return	30,168	37,166
Accrued payroll and related expense	9,558	20,526
Accrued freight expenses	12,788	18,296
Operating lease liabilities, current	7,830	9,457
Income tax payable	6,314	6,316
Contract liabilities	4,255	6,663
Other	36,440	40,717
Other liabilities and accrued expenses	158,296	205,874
Operating lease liabilities, noncurrent	46,380	51,153
Other	2,994	2,718
Other liabilities, noncurrent	49,374	53,871
Manufacturing Equipment
Balance Sheet Related Disclosures [Line Items]
Total property and equipment	28,334	26,094
Computer Equipment, Software and Office Equipment
Balance Sheet Related Disclosures [Line Items]
Total property and equipment	9,889	9,407
Furniture and Fixtures
Balance Sheet Related Disclosures [Line Items]
Total property and equipment	4,846	5,154
Leasehold Improvements
Balance Sheet Related Disclosures [Line Items]
Total property and equipment	$ 11,514	$ 4,709

Balance Sheet Components - Addi

Balance Sheet Components - Additional Information (Details) $ in Millions	Jun. 30, 2022 USD ($) Customer	Dec. 31, 2021 USD ($) Customer
Inventory Exchanges
Concentration Risk [Line Items]
Sales and purchases of inventories in prepaid inventories	$ 2.2	$ 5
Sales and purchases of inventories in accrued liabilities	$ 2.5	$ 5.4
Accounts Receivable | Credit Concentration Risk
Concentration Risk [Line Items]
Number of customers | Customer	2	2

Debt - Summary of Debt (Details

Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total debt	$ 246,250
Debt discount and issuance cost, net of amortization	(1,166)	$ (1,099)
Total debt	245,084	247,651
Less: debt maturing within one year	4,707	4,753
Long-term debt	240,377	242,898
Term Loan
Debt Instrument [Line Items]
Total debt	246,250	248,750
Total debt	$ 245,100	$ 247,700

Debt - Summary of Debt (Parenth

Debt - Summary of Debt (Parenthetical) (Details)	6 Months Ended
	Jun. 30, 2022
Term Loan
Debt Instrument [Line Items]
Debt instrument, maturity date	2026-09

Debt - Additional Information (

Debt - Additional Information (Details)

1 Months Ended

3 Months Ended

6 Months Ended

Jun. 30, 2022 USD ($)

Sep. 03, 2021 USD ($)

Mar. 31, 2019 USD ($)

Oct. 31, 2018

Mar. 31, 2018 USD ($)

Aug. 31, 2017 USD ($)

Mar. 31, 2017 USD ($)

Jun. 30, 2022 USD ($)

Jun. 30, 2021 USD ($)

Jun. 30, 2022 USD ($)

Jun. 30, 2021 USD ($)

Jun. 30, 2023

Mar. 31, 2023

Dec. 31, 2021 USD ($)

Debt Instrument [Line Items]

Loss on debt extinguishment

$ 797,000

Borrowing from line of credit

$ 403,000,000

Carrying value of term loan

$ 245,084,000

$ 245,084,000

245,084,000

$ 247,651,000

First Lien Term Loan

Debt Instrument [Line Items]

Principal amount

$ 235,000,000

Debt instrument, maturity date

Aug. 28, 2024

Increase in Principal amount

$ 115,000,000

$ 115,000,000

$ 10,000,000

Voluntary Prepayment of debt

53,000,000

Loss on debt extinguishment

$ 358,000

$ 797,000

Effective interest rate

6.46%

6.45%

First Lien Term Loan | Federal Funds Effective Rate

Debt Instrument [Line Items]

Debt instrument, variable rate

0.50%

First Lien Term Loan | One Month LIBOR

Debt Instrument [Line Items]

Debt instrument, variable rate

1%

Debt instrument, maturity period of variable rate basis

1 month

First Lien Term Loan | 2%, Plus Margin Rate

Debt Instrument [Line Items]

Debt instrument, variable rate

3.50%

Debt instrument, interest rate

2%

First Lien Term Loan | 1%, Plus Margin Rate

Debt Instrument [Line Items]

Debt instrument, variable rate

4.50%

Debt instrument, interest rate

1%

Revolving Credit Facility

Debt Instrument [Line Items]

Principal amount

$ 50,000,000

Debt instrument, maturity date

Aug. 28, 2022

Revolving Credit Facility | Federal Funds Effective Rate

Debt Instrument [Line Items]

Debt instrument, variable rate

0.50%

Revolving Credit Facility | One Month LIBOR

Debt Instrument [Line Items]

Debt instrument, variable rate

1%

Debt instrument, maturity period of variable rate basis

1 month

Revolving Credit Facility | 2%, Plus Margin Rate

Debt Instrument [Line Items]

Debt instrument, variable rate

3.50%

Debt instrument, interest rate

2%

Revolving Credit Facility | 1%, Plus Margin Rate

Debt Instrument [Line Items]

Debt instrument, variable rate

4.50%

Debt instrument, interest rate

1%

Revolving Credit Facility | Base Rate | Minimum

Debt Instrument [Line Items]

Debt instrument, variable rate

2.75%

Revolving Credit Facility | Base Rate | Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, variable rate

3.25%

Revolving Credit Facility | Eurodollar | Minimum

Debt Instrument [Line Items]

Debt instrument, variable rate

3.75%

Revolving Credit Facility | Eurodollar | Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, variable rate

4.25%

First Lien Term Loan Amendment | Base Rate | Minimum

Debt Instrument [Line Items]

Debt instrument, variable rate

2.75%

First Lien Term Loan Amendment | Base Rate | Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, variable rate

3.25%

First Lien Term Loan Amendment | Eurodollar | Minimum

Debt Instrument [Line Items]

Debt instrument, variable rate

3.75%

First Lien Term Loan Amendment | Eurodollar | Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, variable rate

4.25%

Revolving Credit Facility Under Credit Agreement

Debt Instrument [Line Items]

Principal amount

$ 100,000,000

Credit facility, expiration period

5 years

Credit facility, expiration month and year

2026-09

Outstanding borrowing balance

$ 0

0

0

0

Revolving Credit Facility Under Credit Agreement | Minimum | Forecast

Debt Instrument [Line Items]

Consolidated interest coverage ratio

3

Revolving Credit Facility Under Credit Agreement | Maximum [Member] | Forecast

Debt Instrument [Line Items]

Consolidated total net leverage ratio

3.50

Consolidated interest coverage ratio

3.50

Revolving Credit Facility Under Credit Agreement | One Month LIBOR

Debt Instrument [Line Items]

Debt instrument, variable rate

1%

Debt instrument, maturity period of variable rate basis

1 month

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 [Member]

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 [Member]

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 | BSBY | Minimum

Debt Instrument [Line Items]

Debt instrument, variable rate

1.25%

Revolving Credit Facility Under Credit Agreement | BSBY | Maximum [Member]

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%

Debt instrument, maturity period of variable rate basis

1 month

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 [Member]

Debt Instrument [Line Items]

Debt instrument, variable rate

1.25%

Term Loan

Debt Instrument [Line Items]

Principal amount

$ 250,000,000

Credit facility, expiration period

5 years

Credit facility, expiration month and year

2026-09

Carrying value of term loan

$ 245,100,000

245,100,000

245,100,000

$ 247,700,000

Term Loan | (Level 2)

Debt Instrument [Line Items]

Estimated fair value of term loan

$ 240,400,000

$ 240,400,000

$ 240,400,000

Term Loan | One Month LIBOR

Debt Instrument [Line Items]

Debt instrument, variable rate

1%

Debt instrument, maturity period of variable rate basis

1 month

Term Loan | One Month LIBOR | Minimum

Debt Instrument [Line Items]

Debt instrument, variable rate

0.25%

Term Loan | One Month LIBOR | Maximum [Member]

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 [Member]

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 | BSBY | Minimum

Debt Instrument [Line Items]

Debt instrument, variable rate

1.25%

Term Loan | BSBY | Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, variable rate

2.25%

Term Loan | One-Month BSBY

Debt Instrument [Line Items]

Debt instrument, variable rate

1%

Debt instrument, maturity period of variable rate basis

1 month

Term Loan | One-Month BSBY | Minimum

Debt Instrument [Line Items]

Debt instrument, variable rate

0.25%

Term Loan | One-Month BSBY | Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, variable rate

1.25%

Credit Agreement

Debt Instrument [Line Items]

Effective interest rate

2.13%

1.81%

Credit facility, incremental maximum aggregate principal amount

$ 250,000,000

Borrowing from line of credit

248,500,000

Debt discount

$ 1,500,000

Increase in interest rate upon certain events of default

2%

Credit Agreement | Minimum

Debt Instrument [Line Items]

Consolidated interest coverage ratio

3

Credit Agreement | Maximum [Member]

Debt Instrument [Line Items]

Consolidated total net leverage ratio

3

Debt - Summary of Interest Expe

Debt - Summary of Interest Expense Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt Instrument [Line Items]
Loss on debt extinguishment				$ 797
Other	$ 19	$ 98	$ 73	186
Total interest expense recognized	1,676	4,508	2,955	9,454
First Lien Term Loan
Debt Instrument [Line Items]
Contractual interest expense for term loan		3,537		7,419
Amortization of debt discount and issuance cost		515		1,052
Loss on debt extinguishment		$ 358		$ 797
Credit Agreement, Term Loan
Debt Instrument [Line Items]
Contractual interest expense for term loan	1,370		2,235
Revolving Credit Facility Under Credit Agreement
Debt Instrument [Line Items]
Contractual interest expense for term loan	201		475
Credit Agreement
Debt Instrument [Line Items]
Amortization of debt discount and issuance cost	$ 86		$ 172

Debt - Summary of Estimated Fut

Debt - Summary of Estimated Future Principal Payments under Total Long-term Debt (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Debt Disclosure [Abstract]
Remainder of 2022	$ 2,500
2023	6,875
2024	12,500
2025	12,500
2026	211,875
Total debt	$ 246,250

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Changes in Warranty Obligations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Beginning of the period	$ 5,392	$ 6,001	$ 5,655	$ 5,865
Warranty provision related to products shipped	1,167	1,660	2,465	3,533
Deductions for warranty claims processed	(1,794)	(1,912)	(3,355)	(3,649)
End of period	$ 4,765	$ 5,749	$ 4,765	$ 5,749

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Long-Term Non-Cancelable Purchase Commitment (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Commitments And Contingencies Disclosure [Abstract]
Remainder of 2022	$ 887
2023	1,761
2024	1,787
2025	316
Total	$ 4,751

Commitments and Contingencies_3

Commitments and Contingencies - Additional Information (Details)	6 Months Ended
	Jun. 30, 2022 USD ($) Claim	Dec. 31, 2021 USD ($)
Commitments And Contingencies Disclosure [Abstract]
Non-cancelable long-term purchase commitments		$ 7,100,000
Letters of credit outstanding, amount	$ 500,000	$ 500,000
Line of credit facility, current borrowing capacity	$ 0
Loss contingency, claims settled, number | Claim	0

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - $ / shares	Jun. 30, 2022	Dec. 31, 2021	Sep. 25, 2020
Equity [Abstract]
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

Equity Incentive Plans and St_3

Equity Incentive Plans and Stock-Based Compensation - Summary of Stock-based Compensation Expense (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense, net of amounts capitalized	[1]	$ 6,091	$ 4,768	$ 11,238	$ 7,844
Income tax benefits related to stock-based compensation expense		59	4,236	370	5,155
Cost of Revenue
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense, net of amounts capitalized		380	293	665	474
Sales, General and Administrative
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense, net of amounts capitalized		4,861	3,600	9,013	6,172
Product Development
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense, net of amounts capitalized		$ 850	$ 875	$ 1,560	$ 1,198
[1] (1) Total stock-based compensation expense capitalized in inventory and as cloud computing arrangement (“CCA”) implementation costs were not material for each of the periods presented.

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	6 Months Ended
	Jun. 30, 2022 USD ($)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	$ 58,911
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Options	$ 27,741
Remaining weighted average period (In years)	2 years 3 months 18 days
RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs	$ 31,170
Remaining weighted average period (In years)	3 years 2 months 12 days

Equity Incentive Plans and St_5

Equity Incentive Plans and Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Intrinsic value of options exercised	$ 2.4	$ 49.3	$ 4	$ 53.7
RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total fair value stock units vested	$ 0.4		$ 2.9

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator
Net income (loss)	$ (51,839)	$ 27,745	$ (55,119)	$ 74,468
Less: Net income (loss) attributable to noncontrolling interests	174		(233)
Net income (loss) attributable to Corsair Gaming, Inc.	(52,013)	27,745	(54,886)	74,468
Change in redemption value of redeemable noncontrolling interests	(7,379)		(9,640)
Net income (loss) attributable to common stockholders of Corsair Gaming, Inc.	$ (59,392)	$ 27,745	$ (64,526)	$ 74,468
Weighted-average common shares outstanding:
Basic	95,467	92,792	95,372	92,374
Effect of dilutive securities		7,282		7,771
Total diluted weighted-average shares outstanding	95,467	100,074	95,372	100,145
Net income (loss) per share attributable to common stockholders of Corsair Gaming, Inc.:
Basic	$ (0.62)	$ 0.30	$ (0.68)	$ 0.81
Diluted	$ (0.62)	$ 0.28	$ (0.68)	$ 0.74
Anti-dilutive potential common shares	11,198	781	10,791	575

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Before Income Taxes, Income Tax Expense and Effective Income Tax Rates (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income (loss) before income taxes	$ (56,003)	$ 30,030	$ (60,266)	$ 89,948
Income tax benefit (expense)	$ 4,164	$ (2,285)	$ 5,147	$ (15,480)
Effective tax rate	7.40%	7.60%	8.50%	17.20%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate	7.40%	7.60%	8.50%	17.20%
One-time tax expense related to remeasurement of U.K. deferred tax liabilities				$ 1.4
Unrealized tax benefits	$ 3.7		$ 3.7		$ 3.8

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Details)	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022 Segment	Jun. 30, 2021	Jun. 30, 2022 Segment Customer Country	Jun. 30, 2021
Segment Reporting Information [Line Items]
Number of reportable segments | Segment		2		2
Geographic Concentration Risk | Consolidated Net Revenue
Segment Reporting Information [Line Items]
Number of customer for more than minimum threshold percentage of revenue | Customer				1
Geographic Concentration Risk | Consolidated Net Revenue | United States
Segment Reporting Information [Line Items]
Percentage of revenue from sales to customers	45%		35.10%	44.20%	35.70%
Geographic Concentration Risk | Consolidated Net Revenue | United Kingdom
Segment Reporting Information [Line Items]
Percentage of revenue from sales to customers			10%		10.10%
Geographic Concentration Risk | Consolidated Net Revenue | Non-US Excluding United Kingdom
Segment Reporting Information [Line Items]
Percentage of revenue from sales to customers				10%
Number of single countries representing more than ten percent threshold | Country				0
Geographic Concentration Risk | Maximum [Member] | Consolidated Net Revenue | United Kingdom
Segment Reporting Information [Line Items]
Percentage of revenue from sales to customers	10%			10%

Segment and Geographic Inform_4

Segment and Geographic Information - Summary of Financial Information for Each Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Net revenue	$ 283,908	$ 472,903	$ 664,599	$ 1,002,317
Total gross profit	36,459	130,351	127,215	290,679
Gamer and Creator Peripherals
Segment Reporting Information [Line Items]
Net revenue	88,989	155,157	223,137	331,069
Total gross profit	10,558	54,634	53,615	123,500
Gaming Components and Systems
Segment Reporting Information [Line Items]
Net revenue	194,919	317,746	441,462	671,248
Total gross profit	$ 25,901	$ 75,717	$ 73,600	$ 167,179

Segment and Geographic Inform_5

Segment and Geographic Information - Summary of Net Revenue By Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Net revenue	$ 283,908	$ 472,903	$ 664,599	$ 1,002,317
Americas
Segment Reporting Information [Line Items]
Net revenue	149,633	191,070	342,457	417,458
Europe and Middle East
Segment Reporting Information [Line Items]
Net revenue	71,231	187,708	193,429	413,202
Asia Pacific
Segment Reporting Information [Line Items]
Net revenue	$ 63,044	$ 94,125	$ 128,713	$ 171,657

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interests - Additional Information (Details) - USD ($) $ in Thousands	Jan. 01, 2022	Jun. 30, 2022
Redeemable Noncontrolling Interest [Line Items]
Fair value of redeemable noncontrolling interest amount		$ 17,522
Nonredeemable noncontrolling interests		$ 10,900
IDisplay Technology
Redeemable Noncontrolling Interest [Line Items]
Percentage of equity interest acquired	51%	51%
Put and call option expiration date	Jan. 01, 2025
Fair value of noncontrolling interest amount	$ 29,606
Fair value of redeemable noncontrolling interest amount	$ 17,500
Percentage of Redeemable Noncontrolling Interests	29%
Nonredeemable noncontrolling interests	$ 12,100
IDisplay Technology | IDisplay Seller
Redeemable Noncontrolling Interest [Line Items]
Noncontrolling interest	49%
Noncontrolling interests percentage	20%
IDisplay Technology | First Anniversary
Redeemable Noncontrolling Interest [Line Items]
Percentage of equity interest acquired	14%
IDisplay Technology | Second Anniversary
Redeemable Noncontrolling Interest [Line Items]
Percentage of equity interest acquired	15%

Redeemable Noncontrolling Int_4

Redeemable Noncontrolling Interests - Schedule of Changes in Redeemable Noncontrolling Interests (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)
Income Amounts Attributable To Noncontrolling Interest Disclosures [Abstract]
Balance at beginning of period	$ 19,424
Redeemable noncontrolling interests in iDisplay estimated at fair value at Closing Date	17,522	$ 17,522
Net income (loss) attributable to redeemable noncontrolling interests	103	(138)
Other comprehensive loss attributable to redeemable noncontrolling interests	(157)	(275)
Change in redemption value of redeemable noncontrolling interests (1)	7,379	9,640
Balance at end of period (2)	$ 26,749	$ 26,749

Redeemable Noncontrolling Int_5

Redeemable Noncontrolling Interests - Schedule of Changes in Redeemable Noncontrolling Interests (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Income Amounts Attributable To Noncontrolling Interest Disclosures [Abstract]
Increase in redemption value over the carrying value	$ 7,379	$ 9,640