Core Insights - Corsair Gaming, Inc. will present at the UBS Global Technology and AI Conference on December 3, 2025, focusing on its financial results and growth opportunities [1][2] - The company has appointed Gordon Mattingly as the new Chief Financial Officer effective December 2, 2025, as part of its long-term growth strategy [5] - Corsair reported a 14% increase in revenue to $345.8 million and a 34% increase in gross profit to $93.1 million for Q3 2025 compared to Q3 2024 [7] Company Overview - Corsair is a leading global developer and manufacturer of high-performance products for gamers, content creators, and PC enthusiasts, offering a full ecosystem of products [3] - The company operates under several brands, including Fanatec, Elgato, SCUF Gaming, Drop, and ORIGIN PC, catering to various segments within the gaming and content creation markets [3] Financial Performance - For Q3 2025, Corsair's revenue reached $345.8 million, marking a 14% increase from the previous year [7] - The gross profit for the same period was $93.1 million, reflecting a 34% increase compared to Q3 2024 [7]

Core Insights - The article emphasizes the investment philosophy focused on small cap companies, highlighting the importance of identifying mispriced securities through understanding financial drivers and utilizing DCF model valuation [1]. Group 1 - The investment strategy is not confined to traditional categories such as value, dividend, or growth investing, but rather considers all prospects of a stock to assess risk-to-reward [1].

Core Points - U.S. stock futures are lower, with Dow futures falling over 50 points [1] - Super Micro Computer Inc reported disappointing first-quarter results, with earnings of 35 cents per share, missing the consensus estimate of 40 cents, and revenue of $5.01 billion, below the expected $5.99 billion [2] - Super Micro's revenue decreased from $5.93 billion in the same period last year [2] - The company's shares fell 9.2% to $43.12 in pre-market trading [2] Company-Specific Movements - Biohaven Ltd experienced a significant drop of 46.2% to $7.51 after receiving an FDA Complete Response Letter for VYGLXIA [4] - Trex Company Inc declined 31.9% to $32.02 following worse-than-expected third-quarter results and lowered FY25 sales guidance [4] - Soleno Therapeutics Inc fell 22.2% to $49.65 after reporting third-quarter results [4] - Axon Enterprise Inc's shares dropped 19.6% to $567.50 after mixed third-quarter results and an acquisition announcement [4] - Pinterest Inc dipped 18.8% to $26.69 after posting disappointing third-quarter earnings [4] - SSR Mining Inc fell 17.5% to $17.90 after its third-quarter results [4] - Uniqure NV's shares decreased by 15.8% to $25.61 after a prior gain [4] - Clover Health Investments Corp fell 15.5% to $2.97 after mixed third-quarter results [4] - Upstart Holdings Inc declined 15.3% to $39.15 after mixed results and lowered FY25 guidance [4] - Corsair Gaming Inc fell 12.4% to $6.59 following worse-than-expected third-quarter results [4] - Advanced Micro Devices, Inc. declined 5% to $237.80 despite reporting better-than-expected third-quarter results and projecting fourth-quarter revenue of approximately $9.6 billion [4]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - SMX (Security Matters) Public Limited Company (SMX) increased by 52% to $2.24 [3] - Entravision Communications Corporation (EVC) rose by 33% to $2.66 [3] - Babcock & Wilcox Enterprises, Inc. (BW) saw a 28% increase to $4.79 [3] - NeuroPace, Inc. (NPCE) gained 24% reaching $11.71 [3] - Kennedy-Wilson Holdings, Inc. (KW) also increased by 24% to $9.30 [3] - Rigel Pharmaceuticals, Inc. (RIGL) rose by 22% to $34.72 [3] - Digital Turbine, Inc. (APPS) increased by 21% to $7.20 [3] - Lumentum Holdings Inc. (LITE) saw a 15% increase to $218.06 [3] - AsiaStrategy (SORA) rose by 14% to $3.63 [3] - Marine Petroleum Trust (MARPS) increased by 7% to $5.05 [3] Premarket Losers - Biohaven Ltd. (BHVN) decreased by 42% to $7.96 [4] - Trex Company, Inc. (TREX) fell by 34% to $30.65 [4] - Soleno Therapeutics, Inc. (SLNO) saw a 23% decline to $49.00 [4] - Axon Enterprise, Inc. (AXON) decreased by 19% to $572.00 [4] - Clover Health Investments, Corp. (CLOV) fell by 19% to $2.82 [4] - Pinterest, Inc. (PINS) decreased by 18% to $26.91 [4] - SSR Mining Inc. (SSRM) saw a 17% decline to $17.91 [4] - Upstart Holdings, Inc. (UPST) decreased by 16% to $38.81 [4] - WF International Limited (WXM) fell by 12% to $2.25 [4] - Corsair Gaming, Inc. (CRSR) decreased by 11% to $6.66 [4]

Financial Data and Key Metrics Changes - Q3 2025 net revenue increased 14% to $345.8 million compared to $304.2 million in Q3 2024 [9] - For the first nine months of 2025, net revenue increased 15% to $1.04 billion from $902.8 million in the year-ago period [9] - Overall gross profit in Q3 increased 33.6% to $93.1 million compared to $69.7 million in Q3 2024 [11] - Third quarter adjusted EBITDA increased 236% to $16.2 million compared to $4.8 million in Q3 2024 [13] Business Line Data and Key Metrics Changes - Gamer and creator peripheral segment revenue was $112.7 million in Q3 2025 compared to $102 million in Q3 2024 [10] - Gaming components and systems segment revenue was $233.1 million in Q3 2025 compared to $202.2 million in Q3 2024 [10] - Memory products contributed $117.2 million in Q3 2025 compared to $97 million in Q3 2024 [10] Market Data and Key Metrics Changes - European markets contributed 40% of Q3 2025 revenues compared to 34% in Q2 2025 [9] - APAC region accounted for 13% of Q3 2025 revenues compared to 14% in Q2 2025 [9] - North American market growth was single digits, slower than Europe and Asia which grew double digits [32] Company Strategy and Development Direction - The company is focused on executing its business strategy and building smarter products faster for gamers, creators, and professionals [8] - Corsair is expanding its product roadmap and global reach through M&A integration [6] - The company sees sim sports as a multi-year growth driver with more products in development for 2026 and beyond [8] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer spending patterns are shifting, with a delay in increased spending for gaming peripherals expected into Q4 and 2026 [19] - The company is tempering expectations for the DDR5 memory market due to tightness expected to last into the first half of next year [22] - Despite unforeseen tariff costs, Corsair delivered meaningful margin progress through agile supply chain management and disciplined spending [16] Other Important Information - The company ended Q3 with a cash balance of $65.8 million and $123.4 million of debt at face value [14] - Full year 2025 net revenue is expected to be in the range of $1.425 billion to $1.475 billion [14] Q&A Session Summary Question: Insights on consumer spending patterns - Management indicated that consumer spending on DIY components and systems began to increase in Q3, with a delay in spending for gaming peripherals expected [19][20] Question: Visibility into the tight memory market - Management noted that DDR5 memory tightness is expected to last into the first half of next year, and they have already taken action to mitigate this [22] Question: Clarification on tariff costs - Management confirmed that the $12 million in tariff costs is unmitigated, but they have managed to mitigate most of the impact [26][30] Question: North American market performance - Management acknowledged that North America is growing slower than Europe and Asia, but Corsair is performing better than the market overall [32] Question: Performance of Elgato products - Management reported double-digit growth for Elgato capture cards and Stream Deck, particularly due to the success of the Nintendo Switch 2 [35] Question: Divergence in growth rates - Management explained that the gaming components and systems segment growth is influenced by game releases and that they expect future titles like GTA 6 to drive hardware sales [40][41] Question: Sim racing opportunity post-Fanatec acquisition - Management expressed excitement about the Fanatec opportunity, including expanding product roadmaps and entering new categories [44][45]

Q3:NOVEMBER 2025 INVESTOR PRESENTATION DISCLAIMER Forward Looking Statements This press release contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the Company's financial outlook for the full year 2025, the market position and growth of the Company's various products; the growth and rate of growth of gaming and creator peripherals for full year 2025; future product launches; a ...

Financial Performance - Net revenue for Q3 2025 was $345.8 million, a 13.7% increase from $304.2 million in Q3 2024[107] - Net revenue for the nine months ended September 30, 2025, reached $1,035.6 million, reflecting a 14.7% increase from $902.8 million in the same period last year[126] - For the three months ended September 30, 2025, total net revenue was $345.76 million, an increase of 13.7% compared to $304.19 million in the same period last year[146] - Net revenue for the three months ended September 30, 2025, was $345.8 million, representing a 13.7% increase compared to the same period in 2024, while net revenue for the nine months ended September 30, 2025, was $1.036 billion, up 14.7% year-over-year[126] Profitability - Gross margin improved to 26.9% in Q3 2025 from 22.9% in Q3 2024[107] - Gross profit for Q3 2025 was $93.1 million, with a gross margin of 26.9%, up from 22.9% in Q3 2024, representing a 400 basis points improvement[129] - Total gross profit for the three months ended September 30, 2025, was $93.1 million with a gross margin of 26.9%, compared to $69.7 million and 22.9% in the same period last year[149] - The gross margin of the Gamer and Creator Peripherals segment increased by 100 basis points to 39.3% for the three months ended September 30, 2025, attributed to an improved product mix[150] - The gross margin of the Gaming Components and Systems segment increased by 580 basis points to 16.8% for the three months ended September 30, 2025, due to higher average selling prices[153] Loss and Expenses - Net loss decreased to $10.4 million in Q3 2025 from $51.6 million in Q3 2024[107] - Operating loss for Q3 2025 was $(5.6) million, significantly improved from $(20.9) million in Q3 2024[126] - Sales, general and administrative expenses increased by $8.0 million, or 10.7%, for Q3 2025, primarily due to higher marketing and personnel-related costs[132] - Product development expenses for Q3 2025 were $16.7 million, a slight increase of 1.0% compared to $16.5 million in Q3 2024[134] - The company’s net loss attributable to Corsair Gaming, Inc. for the three months ended September 30, 2025, was $10.6 million, compared to a net loss of $51.7 million in the same period in 2024[124] Cash Flow and Liquidity - Cash generated from operations was $12.0 million for the nine months ended September 30, 2025, compared to cash used in operations of $19.7 million in the same period of 2024[108] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $12.0 million, compared to a net cash used of $(19.68) million in the same period last year[158] - Cash used in investing activities was $10.1 million for the nine months ended September 30, 2025, primarily for capital expenditures[162] - Cash used in financing activities was $47.4 million for the nine months ended September 30, 2025, mainly for debt repayment[164] - As of September 30, 2025, the company had cash and restricted cash of $66.1 million and a borrowing capacity of $99.8 million under the June 2030 Revolving Facility[155] Market and Product Development - The company released 80 new products in the nine months ended September 30, 2025, contributing positively to net revenue[118] - The introduction of new GPUs in early 2025 led to a resurgence in demand for gaming components and systems, expected to continue for the rest of 2025[116] - Corsair Gaming's acquisition of Fanatec has expanded its product offerings in the enthusiast gaming market, contributing to growth in the Gamer and Creator peripherals segment[115] - Sales for the Gaming Components and Systems segment increased by 15.3% for the three months and 18.1% for the nine months ended September 30, 2025, while the Gamer and Creator Peripherals segment saw increases of 10.5% and 8.0%, respectively[127] External Factors - Integrated circuits pricing fluctuations can significantly impact net revenue and gross margins, particularly for high-performance memory products[122] - The company is actively monitoring the volatile global tariff environment, which may affect its financial condition and operations[112] - A significant portion of net revenue is concentrated, with Amazon accounting for 29.3% and sales to the top ten customers representing approximately 50.4% for the nine months ended September 30, 2025[117]

Exhibit 99.1 Corsair Gaming Reports Third Quarter 2025 Financial Results Adjusted EBITDA More than Doubles and Revenue Exceeds $1 Billion For the First Nine Months of 2025 on a Year over Year Basis MILPITAS, CA, November 4, 2025 – Corsair Gaming, Inc. (Nasdaq: CRSR) ("Corsair" or the "Company"), a leading global provider and innovator of high-performance products for gamers, streamers, content-creators, gaming PC builders, and SIM driving enthusiasts, today announced financial results for the Company's thir ...

Core Insights - The article discusses the investment positions held by the author in CRSR and LOGI, indicating a long position in these stocks [1] Group 1 - The author expresses personal opinions on the stocks mentioned, emphasizing that the article is not financial advice [2][3] - There is a note on the importance of due diligence and research for investors before making investment decisions [2] - The article highlights the risks associated with short-term trading and options trading, suggesting they may not be suitable for all investors [2]

Core Insights - The article discusses the investment positions held by the author in CRSR and LOGI, indicating a long position in these stocks [1] - It emphasizes the importance of conducting personal due diligence before making investment decisions, particularly in high-risk trading styles [2] - The article clarifies that past performance does not guarantee future results and that opinions expressed may not reflect the views of Seeking Alpha as a whole [3] Company Insights - CRSR and LOGI are highlighted as companies of interest, with the author holding beneficial long positions in their shares [1] - The article suggests that investors should be aware of the specific risks associated with investing in European and Scandinavian stocks, including withholding tax risks [2] Industry Insights - The article implies a broader context of investment strategies, particularly focusing on the risks associated with short-term trading and options trading [2] - It notes that the investment landscape is influenced by various factors, including regulatory considerations and market performance, which can affect investor sentiment and stock valuations [3]