Turtle Beach Corp(TBCH)Stock Analysis
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Rank #1,967 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
TBCH Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Turtle Beach Corp (TBCH), a Technology sector company. 13F Pro's AI-powered ranking engine scores TBCH at 39.6/100 on a 32-signal composite quality model, placing it at rank #1,967 of 2,879 stocks — the bottom half of the AI-ranked universe. TBCH scores in the top quartile across free cash flow (78.6). Areas of concern include profitability (21.5) and balance sheet strength (22.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 41.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Turtle Beach Corp reports quarterly revenue of $42.2M, net income of $-15.2M, free cash flow of $29.1M. Top institutional holders of TBCH by reported 13-F value include Windward Management, GARNET EQUITY CAPITAL HOLDINGS,, MORGAN STANLEY, based on the most recent SEC filings. TBCH trades on the Nasdaq exchange and files with the SEC under CIK 1493761. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TBCH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Turtle Beach Corp directly from SEC EDGAR. Turtle Beach Corp's 13F Pro composite quality score has ranged between 8 and 71 since 2021, currently 39.6 — a declining long-term trajectory across 56 quarterly and live scoring snapshots.
Revenue
Q1 2026
$42.2M
Net Income
Q1 2026
$-15.2M
Free Cash Flow
Q1 2026
$29.1M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+44.4% YoYNet Income
+191.5% YoYOperating Income
+221.8% YoYEPS (Diluted)
+175.7% YoYTotal Assets
+99.3% YoYTotal Debt
Op. Cash Flow
-78.7% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $372.8M +44.4% | $258.1M +7.5% | $240.2M -34.4% | $366.4M +1.7% | $360.1M +53.5% | $234.7M |
| Net Income | $16.2M +191.5% | $-17.7M +70.3% | $-59.5M -436.0% | $17.7M -54.3% | $38.7M +115.9% | $17.9M |
| Operating Income | $20.0M +221.8% | $-16.4M +68.1% | $-51.5M -352.0% | $20.4M -58.4% | $49.2M +371.5% | $10.4M |
| EPS (Diluted) | $0.78 +175.7% | $-1.03 +71.5% | $-3.62 -473.2% | $0.97 -59.1% | $2.37 +127.9% | $1.04 |
| Total Assets | $298.9M +99.3% | $150.0M -8.2% | $163.4M -29.1% | $230.5M +13.3% | $203.5M +54.9% | $131.4M |
| Total Debt | $51.5M | — | — | — | — | — |
| Operating Cash Flow | $5.8M -78.7% | $27.0M +164.6% | $-41.8M -12696.9% | $-327.0K -100.6% | $51.0M +29.7% | $39.4M |
AI Insight: TBCH Financial Trends
Revenue in Q1 2026 dropped to $42M — the lowest in the visible period — while net loss widened to -$15M, the steepest quarterly loss in the dataset.
• Seasonal revenue pattern is weakening: Q1 2026 at $42M is 30% below Q1 2025's $64M, signaling year-over-year deterioration.
• Operating income swung from +$2M in Q1 2025 to -$14M in Q1 2026, the sharpest year-over-year quarterly operating decline visible.
• Operating cash flow in Q1 2026 reached $29M, improving from $40M in Q1 2025 — the only bright spot amid weaker earnings.
• Total debt rose from $50M in Q2 2025 to $66M in Q3 2025 and remains elevated at $62M in Q1 2026, while equity declined to $112M.
⚠ Debt climbed to $66M in Q3 2025 and equity has eroded from $128M in Q4 2025 to $112M in Q1 2026 — leverage trajectory warrants monitoring.
⚠ Q1 2026 net loss of -$15M is the worst in the dataset; watch whether Q2 2026 stabilizes or the loss trend continues.
⚠ Operating cash flow of $29M in Q1 2026 diverges positively from the -$15M net loss — monitor working capital changes driving this gap.
AI Insight: TBCH Ratio Trends
Q1 2026 operating margin collapsed to -33.3%, the worst single quarter in the dataset, overwhelming an otherwise steady seasonal recovery pattern.
• TBCH shows a consistent seasonal pattern: Q4 peaks (16.0% in Q4 2024, 17.6% in Q4 2025) followed by sharp Q1 troughs.
• Q1 2026 OpMargin of -33.3% and NPM of -36.1% are dramatically worse than Q1 2025's -0.6% OpMargin and -1.0% NPM.
• ROIC swung from 43.5% in Q4 2025 to -32.3% in Q1 2026, the steepest single-quarter ROIC deterioration in the table.
• D/E ticked back up to 0.56 in Q1 2026 after declining steadily from 0.47 to 0.39 between Q2 2024 and Q2 2025.
⚠ Q1 2026 losses are far deeper than Q1 2025 — determine whether this reflects a one-off charge or structural demand deterioration.
⚠ TTM OpMargin of 4.0% masks Q1 2026 severity; if Q2 2026 doesn't recover, full-year profitability is at risk.
⚠ Rising D/E back to 0.56 alongside deep losses warrants monitoring of liquidity and covenant headroom.
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Available Research
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Top Institutional Holders of TBCH
Windward Management LP
$16.3M1,607,989 shGARNET EQUITY CAPITAL HOLDINGS, INC.
$15.4M1,513,959 shMORGAN STANLEY
$12.0M1,181,097 shBlackRock, Inc.
$11.7M1,154,304 shGOLDMAN SACHS GROUP INC
$6.7M664,327 shVANGUARD CAPITAL MANAGEMENT LLC
$6.6M650,527 shShay Capital LLC
$6.5M640,617 shDIMENSIONAL FUND ADVISORS LP
$4.4M437,882 shGEODE CAPITAL MANAGEMENT, LLC
$3.8M373,115 shSTATE STREET CORP
$3.5M343,800 sh
| Fund | Value | Shares |
|---|---|---|
| Windward Management LP | $16.3M | 1,607,989 |
| GARNET EQUITY CAPITAL HOLDINGS, INC. | $15.4M | 1,513,959 |
| MORGAN STANLEY | $12.0M | 1,181,097 |
| BlackRock, Inc. | $11.7M | 1,154,304 |
| GOLDMAN SACHS GROUP INC | $6.7M | 664,327 |
| VANGUARD CAPITAL MANAGEMENT LLC | $6.6M | 650,527 |
| Shay Capital LLC | $6.5M | 640,617 |
| DIMENSIONAL FUND ADVISORS LP | $4.4M | 437,882 |
| GEODE CAPITAL MANAGEMENT, LLC | $3.8M | 373,115 |
| STATE STREET CORP | $3.5M | 343,800 |
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Popular Research
Is TBCH a good stock to buy?
13F Pro's AI-powered analysis of Turtle Beach Corp (TBCH) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for TBCH are available on the TBCH stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own TBCH?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling TBCH. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Turtle Beach Corp's investment landscape.