How profitable is Turtle Beach Corporation (TBCH)?

In FY 2025 (10-K), TBCH converted $319.9M of revenue into a 37.3% gross margin, 8.6% operating margin, and $34.0M in free cash flow (10.6% FCF margin).

Stock Ratings / Communication Services / TBCH / financials

TTGT (35) SPOK (73) AIOT (46) ATNI (41) ⌘ Pro Terminal →

Turtle Beach Corporation (TBCH) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$15.73 -1.99% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $15.71

Turtle Beach Corporation (TBCH) earns a Roarable Rating of B (Buy) with 73/100 RQD Confidence. High-quality cash engine (37.3% gross margin, 14% return on capital) with steady institutional support. The company’s underlying cash engine and institutional positioning keep the composite score in the Green Buy zone.

ROARABLE B • BUY Cap $287.5M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is TBCH stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Turtle Beach Corporation (NASDAQ: TBCH) is rated B (Buy / BUY) by Roarable's 5-pillar RQD engine with a composite confidence score of 73/100 at a spot price of $15.73 (-1.99% 1D, market cap $287.5M). Pillar breakdown: Fundamental Cash Engine 14/20, Institutional 13F & Options Flow 16/20, SEC Balance-Sheet Forensics 14/20, FRED Macro Regime Fit 12/20, and Executive Insider Alignment 17/20. Across 132 tracked Communication Services issuers, TBCH ranks #6 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does TBCH compare to TTGT and SPOK in the Communication Services sector?

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Within the Communication Services sector (Telecommunications Equipment), TBCH carries a Roarable B (73/100 RQD), trailing P/E of 18.8x, gross margin of 37.3%, and ROIC of 13.8%. By comparison, TTGT (TechTarget Inc.) holds a D- grade (35/100 RQD, P/E N/A, ROIC -35.0%, cap $255.3M) and SPOK (Spok Holdings Inc.) posts a B grade (73/100 RQD, P/E 15.5x, ROIC 12.9%, cap $251.0M). Among the 5-stock peer group, SPOK leads on earnings multiple (15.5x) while TBCH leads on capital efficiency (13.8% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for TBCH?

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Per TBCH's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001493761), Turtle Beach Corporation generated $319.9M in revenue (-14.2% YoY), $15.7M in net income, and $34.0M in free cash flow against $269.1M in total assets and $46.3M in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $15.71 (-0.12%)🧬 Cannibal Buyback (-2.64% YoY Shares)⚙️ Cash Engine: 14/20 (B-) • 10.6% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 73/100 (B) historically ranked in the Top 13% of excess returns over the next 90 days (+7.1% avg 90D alpha vs SPY • 69.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERBUY • B

3-of-3 JEV AI Jury Bullish

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw B+ · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE+6.7% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for TBCH)Realized 20D OHLCV Swing Band: ±11.7%

Deterministic 5-Pillar Attribution (73/100 Composite)

🔍 WHY TBCH SCORES 73/100 (B) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Insider Conviction & Share Dilution+17/20 pts (23% of score)

SEC Form 4 / 13F Thermometer: 85% Net Buy • Cannibal Buyback (-2.64% YoY Shares)

▲ #2 Bullish Driver: Whale & Options Positioning+16/20 pts (22% of score)

20D Institutional Volume Accumulation (±11.7% realized swing band)

▼ #1 Drag / Risk Factor: Macro Regime Fit12/20 pts (-8 pt drag)

Macro rate sensitivity & RSI-14 (60.3) create a -8 pt regime headwind

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C+$14.53+9.8% Next Q

Q2 (-2Q)

Grade B-$15.95+3.9% Next Q

Q3 (-1Q)

Grade B$16.58-5.1% Next Q

Current

Grade B$15.73+7.1% Hist 90D α

Trajectory: C+ (65) → B (73)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the TBCH Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 73/100 (B) score, TBCH faces multiple-compression risk if 18.8x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.64% YoY Shares) — any gross margin slip below 34.8% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($13.79) or 200D SMA ($12.58) invalidates the momentum regime and cuts Target Base ($16.79) toward Bear Floor ($12.90).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $TBCH• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “TBCH Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 73%NO 27%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How TBCH Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$34.0M (10.6% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $258.1M

FY24

Rev $372.8M

FY25

Rev $319.9M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$319.9M	37.3%	8.6%	$15.7M	$34.0M	13.8%
FY 2024	$372.8M	34.6%	5.4%	$16.2M	$847.0K	10.3%
FY 2023	$258.1M	37.3%	-6.4%	-$17.7M	$27.0M	13.8%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring TBCH)

✓Walkthrough of TBCH's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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TBCH // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +33.64%▲ ASCENDING CHANNEL

2026-11-03O $16.49H $16.49L $15.73C $15.73VOL 490.8K

RES: $17.77SUP: $11.90SMA50: $13.79SMA200: $12.58

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

TBCH Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 TBCH Butterfly Map → + Track TBCH →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

12.1%/yr Implied 5Y Growth

vs. -14.2% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on TBCH today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for TBCH. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for TBCH today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (TBCH)

Communication Services Rank #6 of 132 ⚔️ TTGT vs TBCH Full Matrix →

1. Head-to-Head Communication Services Peer Comparison (TBCH vs. TTGT, SPOK, AIOT, ATNI)

Industry: Telecommunications Equipment (81 Tracked Issuers)

Across 132 tracked Communication Services securities in the Roarable RQD universe, Turtle Beach Corporation (TBCH) ranks #6 by composite RQD confidence (73/100, grade B) and #83 by equity capitalization ($287.5M). Within this direct 5-issuer industry benchmark cohort, SPOK leads on earnings valuation at 15.5x trailing P/E, while TBCH leads on capital efficiency and profitability with 13.8% ROIC and 37.3% gross margin. TBCH currently leads its immediate peer cohort in composite quantitative strength at 73/100 (B).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
TBCH ACTIVE Turtle Beach Corporation	B	73/100	18.8x	37.3%	13.8%	-1.99%	$287.5M	Benchmark Subject
TTGT TechTarget Inc.	D-	35/100	—	60.2%	-35.0%	-1.42%	$255.3M	/ttgt-vs-tbch →
SPOK Spok Holdings Inc.	B	73/100	15.5x	78.7%	12.9%	+0.75%	$251.0M	/spok-vs-tbch →
AIOT PowerFleet Inc.	D	46/100	18.7x	55.5%	2.3%	+1.73%	$387.9M	/aiot-vs-tbch →
ATNI ATN International Inc.	D-	41/100	—	—	2.5%	-1.09%	$395.6M	/atni-vs-tbch →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001493761 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Turtle Beach Corporation (TBCH) reported GAAP revenue of $319.9M (-14.2% vs. FY2024 revenue of $372.8M , and +23.9% cumulative change since FY2023) , GAAP net income of $15.7M, operating cash flow of $35.5M, and free cash flow of $34.0M (+3918.8% YoY). On the balance sheet, TBCH closed FY2025 with $269.1M in total assets against $46.3M in total debt (Altman Z-Score: 2.64, Piotroski F-Score: 7/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$319.9M	$15.7M	$35.5M	$34.0M	$269.1M	$46.3M
FY2024 (FY)	2024-12-31	$372.8M	$16.2M	$5.8M	$847.0K	$298.9M	$45.6M
FY2023 (FY)	2023-12-31	$258.1M	-$17.7M	$27.0M	$27.0M	—	—

3. TBCH Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is TBCH stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does TBCH compare to TTGT and SPOK in the Communication Services sector?

What are the biggest fundamental strengths and SEC risk factors for TBCH?

Where is TBCH trading relative to its 50-day, 200-day, and 52-week technical levels?

TBCH last traded at $15.73 (-1.99% on volume of 336,191 shares), positioning the stock +14.07% above its 50-day simple moving average ($13.79) and +25.04% above its 200-day simple moving average ($12.58). Across its 52-week range of $9.84 to $17.04, TBCH sits at the 81.8% percentile with a 14-day RSI of 60.3 (BULLISH MOMENTUM) and an implied next-earnings move of ±11.7% ($13.89 to $17.57).

Direct Sub-Reports: TBCH RQD Cockpit TBCH 12M Forecast TBCH Earnings & Move TBCH Dividends & DRIP TBCH Insiders & 13F TBCH Whale Options TBCH Profit Sankey TBCH News & Why

ROARABLE RATING BRIEF • RQD 73/100 (B) ✓ SEC XBRL & RQD VERIFIED

TBCH — Turtle Beach Corporation: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Turtle Beach Corporation (TBCH) earns a live Roarable RQD composite score of 73/100, corresponding to a B letter grade (Roarable Buy) at a spot price of $15.73 (-1.99% 1D, market capitalization $287.5M).

Fundamental Cash Engine (14/20): Anchored by return on invested capital (ROIC) of 13.8%, gross margin of 37.3%, operating margin of 8.6%, and free cash flow yield of 11.53%.
Whale 13F & Options Flow (16/20) + Insider Conviction (17/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (12/20) + Forensic Balance Sheet (14/20): Incorporates a 1.00x equity beta, Altman Z-Score of 2.64, Piotroski F-Score of 7/9, and Debt/Equity of 0.36x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Turtle Beach Corporation is a NASDAQ-listed issuer in the Communication Services sector, operating within the Telecommunications Equipment industry. The company's product lines, customer base, and revenue model beyond the sector classification are — Revenue trends by period are shown in the Financial Trend section.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Turtle Beach Corporation (TBCH) reported $319.9M in annual revenue (up from $372.8M in FY2024, -14.2% YoY) and $15.7M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($258.1M revenue, -$17.7M net income) through FY2025, TBCH scaled operating cash flow to $35.5M and free cash flow to $34.0M, backed by $269.1M in total assets against $46.3M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (B • RQD 73/100): Big institutional funds and options desks are actively positioning on the bullish side. Company leadership has skin in the game with net positive insider conviction. With Fundamental Cash Engine at 14/20 and Institutional Whale Flow at 16/20, sustained execution supports upside toward the upper end of the $9.84 – $17.04 52-week range.
🐻 Primary Bear Case & Valuation Risk: Broader market pullbacks can still drag down strong stocks in the short run. Investors must weigh 18.8x trailing P/E and 11.3x EV/EBITDA against 8.6% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

No upstream suppliers, downstream customers, or sector-correlation mappings are provided. Investors should note that the absence of supply-chain data is a gap in this dossier, not evidence of an absence of dependencies.

Key Question #1: Can TBCH sustain or expand its 8.6% operating margin and 13.8% ROIC against Telecommunications Equipment peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $319.9M and free cash flow of $34.0M, how will capital allocation balance growth reinvestment against $46.3M in total debt?
Key Question #3: How sensitive is TBCH's 17.5x forward P/E multiple to Communication Services capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

TBCH Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Turtle Beach Corporation (TBCH) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to TBCH Debate Forum (3) ↓

🟡 MARKET WIRE TradingView • 1d ago

Turtle Beach Corporation Estimates – NASDAQ:TBCH

TradingView report covering Turtle Beach Corporation (TBCH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

Turtle Beach Corporation (TBCH) - What Are Analysts Thinking About This Stock?

MarketBeat report covering Turtle Beach Corporation (TBCH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE GlobeNewswire • 1d ago

Turtle Beach Corporation to Report Third Quarter 2026 Financial Results on Thursday, November 5, 2026

GlobeNewswire report covering Turtle Beach Corporation (TBCH) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE Stock Titan • 1d ago

One investor reports sole voting power over 1.72M Turtle Beach (TBCH) shares.

Stock Titan report covering Turtle Beach Corporation (TBCH) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE Kalkine Media • 1d ago

Albert Rabil Amends SEC Filing to Report 9.60% Ownership in Turtle Beach Corporation

Kalkine Media report covering Turtle Beach Corporation (TBCH) market action, institutional positioning, and fundamental catalysts.

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🟢 CATALYST ad-hoc-news.de • 1d ago

Zacks upgrades Turtle Beach stock to Hold after Strong Sell

ad-hoc-news.de report covering Turtle Beach Corporation (TBCH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH https://www.dars.gov.et/ • 1d ago

TBCH Q2 2026 Earnings: Wider-Than-Expected Loss Overshadows the Print, but Shares Edge Higher

https://www.dars.gov.et/ report covering Turtle Beach Corporation (TBCH) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE ad-hoc-news.de • 1d ago

Roth keeps USD 18 target for Turtle Beach stock stock? no

ad-hoc-news.de report covering Turtle Beach Corporation (TBCH) market action, institutional positioning, and fundamental catalysts.

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🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

TBCH Bull vs. Bear Conversation Board — What's Your Call at $15.73?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON TBCH 🐻 33% BEARISH CONVICTION

DE DeepValue_CFA RQD DEBATE OPENER • Institutional Buy-Side 🐂 BULLISH 🎯 Target: $21.03 (+31.0%)

📌 Pinned Debate

Insider conviction (17/20) and a 11.53% FCF yield point to strong cash generation and insider support at a modest 18.8x trailing P/E.

Don't sleep on TBCH's setup in Communication Services. Insider conviction (17/20) and a 11.53% FCF yield point to strong cash generation and insider support at a modest 18.8x trailing P/E.. Beta of 1.0 means it moves fast when momentum turns, and the 5-pillar RQD gauge (73/100) backs up the fundamental quality.

RetailWhale_TX 🐂 BULL

@ForensicBear Shorting a 16/20 institutional whale-flow stock at $16.05 is dangerous when funds are rotating into Communication Services.

FO ForensicBear RQD DEBATE OPENER • 10-K Footnote Auditor 🐻 BEARISH 🎯 Target: $13.48 (-16.0%)

Spot @ $16.05

Revenue fell from $372.8M to $319.9M and the Altman Z-Score of 2.64 with a beta of 1.0 leaves limited downside protection.

Here is the bear case nobody on the bull side wants to address on TBCH: Revenue fell from $372.8M to $319.9M and the Altman Z-Score of 2.64 with a beta of 1.0 leaves limited downside protection.. At 18.8x trailing P/E, even a small guidance miss in Telecommunications Equipment triggers a 12-15% air pocket.