Turtle Beach Corporation (TBCH) Balance Sheet
TBCH balance sheet, 2025
December 31, 2025 · U.S. dollars$269.1M assets = $140.6M liabilities + $128.5M equity
Both columns are drawn to the same scale: what TBCH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TBCH financial health
Descriptive bands, not a rating. Fiscal 2025.
TBCH balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $203.5M2020 | $269.1M2025 | +5.7%/yr | |
| Total liabilities | $87.1M2020 | $140.6M2025 | +10.1%/yr | |
| Shareholders’ equity | $116.4M2020 | $128.5M2025 | +2.0%/yr | |
| Cash & short-term investments | $46.7M2020 | $17.0M2025 | −18.3%/yr | |
| Total debt | $6.0M2020 | $84.3M2025 | +69.5%/yr | |
| Net cash (debt) | $40.7M2020 | −$67.3M2025 | −$108.0M | |
| Working capital | $91.3M2020 | $86.1M2025 | −$5.2M | |
| Book value per share | $7.112020 | $6.282025 | −2.5%/yr | |
| Current ratio | 2.162020 | 1.982025 | −0.18 | |
| Debt / equity | 0.052020 | 0.662025 | +0.60 | |
| Shares outstanding | 16.4M2020 | 20.5M2025 | +4.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TBCH assets
TBCH liabilities and equity
TBCH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TBCH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $17.0M | $13.0M | $18.7M | $11.4M | $37.7M | $46.7M |
| Cash & equivalents | $17.0M | $13.0M | $18.7M | $11.4M | $37.7M | $46.7M |
| Receivables | $76.8M | $93.1M | $54.4M | $43.3M | $36.0M | $43.9M |
| Inventory | $69.2M | $71.3M | $44.0M | $71.3M | $101.9M | $71.3M |
| Other current assets | $10.8M | $11.0M | $7.7M | $9.2M | $17.5M | $8.1M |
| Total current assets | $173.8M | $188.4M | $124.9M | $135.2M | $193.1M | $170.0M |
| Property, plant & equipment (net) | $3.0M | $5.8M | $4.8M | $6.4M | $7.0M | $6.6M |
| Goodwill & intangible assets | $84.8M | $95.3M | $12.4M | $13.3M | $16.5M | $13.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $7.5M | $9.3M | $7.9M | $8.5M | $14.0M | $13.6M |
| Total assets | $269.1M | $298.9M | $150.0M | $163.4M | $230.5M | $203.5M |
| Liabilities | ||||||
| Accounts payable | $24.9M | $34.8M | $26.9M | $19.8M | $40.5M | $42.5M |
| Short-term debt | $38.0M | $52.5M | $1.3M | $19.1M | $765,000 | $896,000 |
| Total current liabilities | $87.7M | $123.7M | $56.3M | $64.3M | $78.2M | $78.7M |
| Long-term debt | $46.3M | $45.6M | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $6.5M | $9.0M | $8.6M | $10.1M | $11.0M | $8.4M |
| Total liabilities | $140.6M | $178.3M | $64.9M | $74.4M | $89.1M | $87.1M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $19,000 | $20,000 | $18,000 | $17,000 | $16,000 | $15,000 |
| Retained earnings (deficit) | −$102.4M | −$118.1M | −$134.3M | −$116.6M | −$57.1M | −$74.8M |
| Accumulated other comprehensive income | $1.7M | −$1.3M | −$849,000 | −$1.4M | $127,000 | $589,000 |
| Total shareholders' equity | $128.5M | $120.6M | $85.1M | $88.9M | $141.4M | $116.4M |
| Key figures | ||||||
| Total debt | $84.3M | $105.2M | $7.7M | $19.1M | $7.8M | $6.0M |
| Net cash (debt) | −$67.3M | −$92.2M | $11.0M | −$7.7M | $30.0M | $40.7M |
| Working capital | $86.1M | $64.7M | $68.5M | $70.8M | $114.9M | $91.3M |
| Tangible book value | $43.7M | $25.3M | $72.7M | $75.6M | $124.9M | $103.1M |
| Book value per share | $6.28 | $5.79 | $4.97 | $5.41 | $7.75 | $7.11 |
| Shares outstanding | 20.5M | 20.8M | 17.1M | 16.4M | 18.3M | 16.4M |
| Current ratio | 1.98 | 1.52 | 2.22 | 2.10 | 2.47 | 2.16 |
| Quick ratio | 1.07 | 0.86 | 1.30 | 0.85 | 0.94 | 1.15 |
| Debt / equity | 0.66 | 0.87 | 0.09 | 0.21 | 0.05 | 0.05 |
| Equity / assets | 47.8% | 40.4% | 56.7% | 54.4% | 61.3% | 57.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $19.6M | $12.3M | $17.0M | $12.3M | $11.7M | $11.7M | $13.0M | $13.8M | $12.5M | $17.8M | $18.7M | $12.3M |
| Cash & equivalents | $19.6M | $12.3M | $17.0M | $12.3M | $11.7M | $11.7M | $13.0M | $13.8M | $12.5M | $17.8M | $18.7M | $12.3M |
| Receivables | $37.9M | $30.4M | $76.8M | $56.8M | $36.4M | $42.4M | $93.1M | $70.7M | $46.5M | $42.9M | $54.4M | $33.8M |
| Inventory | $56.5M | $64.3M | $69.2M | $95.0M | $76.8M | $73.7M | $71.3M | $102.3M | $73.3M | $69.5M | $44.0M | $76.0M |
| Other current assets | $10.9M | $10.7M | $10.8M | $14.4M | $13.1M | $14.5M | $11.0M | $9.7M | $11.4M | $10.3M | $7.7M | $8.8M |
| Total current assets | $125.0M | $117.7M | $173.8M | $178.4M | $138.0M | $142.2M | $188.4M | $196.5M | $143.7M | $140.6M | $124.9M | $131.0M |
| Property, plant & equipment (net) | $2.4M | $2.5M | $3.0M | $3.8M | $4.8M | $4.9M | $5.8M | $5.8M | $6.3M | $5.5M | $4.8M | $4.8M |
| Goodwill & intangible assets | $80.8M | $82.8M | $84.8M | $86.8M | $88.8M | $90.8M | $95.3M | $101.2M | $103.4M | $101.6M | $12.4M | $12.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $7.0M | $7.0M | $7.5M | $9.2M | $8.6M | $9.1M | $9.3M | $9.7M | $11.0M | $10.7M | $7.9M | $7.9M |
| Total assets | $215.2M | $209.9M | $269.1M | $278.2M | $240.2M | $247.0M | $298.9M | $313.2M | $264.4M | $258.4M | $150.0M | $156.3M |
| Liabilities | ||||||||||||
| Accounts payable | $27.9M | $20.8M | $24.9M | $46.9M | $34.5M | $39.5M | $34.8M | $66.4M | $48.4M | $44.8M | $26.9M | $39.2M |
| Short-term debt | $4.2M | $8.6M | $38.0M | $42.1M | $21.6M | $7.8M | $50.7M | $58.6M | $24.0M | $4.1M | $1.3M | $13.3M |
| Total current liabilities | $52.5M | $47.8M | $87.7M | $111.6M | $75.3M | $72.4M | $123.7M | $155.7M | $103.2M | $76.8M | $56.3M | $74.5M |
| Long-term debt | $76.4M | $44.3M | $46.3M | $48.4M | $40.1M | $45.5M | $45.6M | $45.7M | $45.8M | $46.0M | $0 | $0 |
| Other long-term liabilities | $5.5M | $6.0M | $6.5M | $7.6M | $8.0M | $8.2M | $9.0M | $10.0M | $10.1M | $10.4M | $8.6M | $9.4M |
| Total liabilities | $134.5M | $98.1M | $140.6M | $167.6M | $123.3M | $126.2M | $178.3M | $211.4M | $159.1M | $133.2M | $64.9M | $83.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $18,000 | $20,000 | $19,000 | $19,000 | $20,000 | $20,000 | $20,000 | $20,000 | $21,000 | $21,000 | $18,000 | $17,000 |
| Retained earnings (deficit) | −$124.9M | −$117.6M | −$102.4M | −$120.0M | −$121.7M | −$118.8M | −$118.1M | −$138.2M | −$141.6M | −$134.1M | −$134.3M | −$142.8M |
| Accumulated other comprehensive income | $1.2M | $1.0M | $1.7M | $1.4M | $2.2M | −$538,000 | −$1.3M | $687,000 | −$1.0M | −$1.3M | −$849,000 | −$1.0M |
| Total shareholders' equity | $80.7M | $111.9M | $128.5M | $110.7M | $116.8M | $120.9M | $120.6M | $101.8M | $105.3M | $125.2M | $85.1M | $72.4M |
| Key figures | ||||||||||||
| Total debt | $80.7M | $52.8M | $84.3M | $90.5M | $61.7M | $53.4M | $96.3M | $104.3M | $69.8M | $46.0M | $7.7M | $13.3M |
| Net cash (debt) | −$61.1M | −$40.5M | −$67.3M | −$78.2M | −$50.0M | −$41.7M | −$83.3M | −$90.5M | −$57.3M | −$28.1M | $11.0M | −$921,000 |
| Working capital | $72.4M | $69.9M | $86.1M | $66.8M | $62.8M | $69.8M | $64.7M | $40.7M | $40.4M | $63.8M | $68.5M | $56.5M |
| Tangible book value | −$88,000 | $29.1M | $43.7M | $23.9M | $28.0M | $30.1M | $25.3M | $575,000 | $1.8M | $23.6M | $72.7M | $59.7M |
| Book value per share | $4.21 | $5.74 | $6.34 | $5.42 | $5.65 | $5.89 | $5.71 | $4.74 | $4.95 | $6.46 | $4.93 | $4.17 |
| Shares outstanding | 19.2M | 19.5M | 20.3M | 20.4M | 20.7M | 20.5M | 21.1M | 21.5M | 21.3M | 19.4M | 17.2M | 17.3M |
| Current ratio | 2.38 | 2.46 | 1.98 | 1.60 | 1.83 | 1.96 | 1.52 | 1.26 | 1.39 | 1.83 | 2.22 | 1.76 |
| Quick ratio | 1.09 | 0.89 | 1.07 | 0.62 | 0.64 | 0.75 | 0.86 | 0.54 | 0.57 | 0.79 | 1.30 | 0.62 |
| Debt / equity | 1.00 | 0.47 | 0.66 | 0.82 | 0.53 | 0.44 | 0.80 | 1.02 | 0.66 | 0.37 | 0.09 | 0.18 |
| Equity / assets | 37.5% | 53.3% | 47.8% | 39.8% | 48.6% | 48.9% | 40.4% | 32.5% | 39.8% | 48.5% | 56.7% | 46.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
TBCH financial position
At the end of fiscal 2025 (December 31, 2025), Turtle Beach had total assets of $269.1 million (down 10.0% from a year earlier), total liabilities of $140.6 million and shareholders' equity of $128.5 million. It held $17.0 million in cash and short-term investments against $84.3 million of debt, net debt of $67.3 million. Its current ratio was 1.98. In the latest quarter (ended June 30, 2026) total assets were $215.2 million and equity $80.7 million.
Related: TBCH income statement, TBCH cash flow statement, TBCH key metrics. See the TBCH stock overview for the latest quote and news.
TBCH balance sheet FAQ
What are Turtle Beach's total assets?
Turtle Beach reported total assets of $269.1 million at the end of fiscal 2025 (December 31, 2025), compared with $298.9 million a year earlier.
How much debt does Turtle Beach have?
Turtle Beach had $84.3 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.66.
How much cash does Turtle Beach have?
Turtle Beach held $17.0 million in cash and short-term investments at the end of fiscal 2025; with $84.3 million of debt that is net debt of $67.3 million.
What is Turtle Beach's book value?
Turtle Beach's shareholders' equity (book value) was $128.5 million at the end of fiscal 2025, or $6.28 per share.
What is Turtle Beach's current ratio?
Turtle Beach had current assets of $173.8 million and current liabilities of $87.7 million, a current ratio of 1.98 (it can cover its short-term obligations).
How much goodwill does Turtle Beach have?
Turtle Beach carried $84.8 million of goodwill and intangible assets, 31.5% of total assets, at the end of fiscal 2025.