Reading TBCH? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track TBCH free→Reading TBCH? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track TBCH free→NASDAQInformation TechnologyConsumer ElectronicsSnapshot 2026-06-16
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, and management's recent track record has been unsteady, with frequent disruptive corporate changes. Earnings quality is robust, but the company is currently unprofitable, so there is no earnings yield to read. Peer multiples imply a price about 30% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk, as it trades below peer multiples while recent financials are weak. If TBCH cuts guidance on the next call, that could be a meaningful negative. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 5 valuation methods, at three horizons. Current price $13.08. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $13 TBCH trades at 44× p/e — 1.5× the 29× p/e peer median. The market is re-rating it beyond its own range; our $8.53 fair value is medium-confidence here. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 53% near-term growth, well above our forecast of about -27%. This describes what's priced in, not a forecast of the move.
Flags: expensive valuation, a turbulent sector regime (Heating).
For similar setups historically (n=2,301): about 43% saw a 20%+ drawdown, and roughly 77% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated neutral grew net income 54% of the time over the next year (vs 68% for the rest of the cohort, n=3704).
Over the trailing year it converted 20.49x of net income into operating cash flow. Historically, Information Technology names rated robust grew net income 69% of the time over the next year (vs 55% for the rest of the cohort, n=2129).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, real (inflation-adjusted) rates, long-term interest rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.28 → $-0.27 (+1.8% / 30d). 1 raised, 0 cut, 3 covering analysts.
0 upgrades, 0 downgrades / 30d. 83% of analysts rate Buy.
0 positive, 0 negative / 30d.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$154.
How much price usually moves either way.
On a bad day, this stock has moved -$434.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $4,067.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
Valuation fell by 14.3 points (from 67.5 to 53.2).
Valuation label changed from 'inexpensive' to 'expensive'.
Valuation changed. It rose to "inexpensive" from "fair." Risk fell. The sector backdrop remains a tailwind. Management is volatile.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: The Information Technology sector is slowing. This could impact Turtle Beach's growth.
Confirms:Sector revenue growth has been below its median for two months in a row.
Disproves:Sector revenue growth remains above its median.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for TBCH yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
No upside scenarios in the latest snapshot.
No downside scenarios in the latest snapshot.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 16, 2026, Mark Weinswig informed the Company of his intent to resign as Chief Financial Officer of the Company, effective as of June 15, 2026. The Company has initiated a search for a permanent successor to Mr. Weinswig as Chief Financial Officer of the Company. Effective as of June 15, 2026, Andrew Clipsham, the Company’s Senior Finance Dir…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
Looks more expensive than peers.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Consumer Electronics.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
TBCH Turtle Beach Corp. | Below typical Show detailsSector percentile: 11 of 100 | expensive | elevated |
GRMN Garmin | Typical Show detailsSector percentile: 52 of 100 | expensive | moderate |
SONO Sonos, Inc. | Typical Show detailsSector percentile: 42 of 100 | fair | moderate |
VUZI Vuzix Corp. | Typical Show detailsSector percentile: 58 of 100 | expensive | high |
GPRO GoPro Inc | Below typical Show detailsSector percentile: 19 of 100 | — | high |
15 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Information Technology names rated volatile grew net income 58% of the time over the next year (vs 61% for the rest of the cohort, n=793).
Not investment advice. As of 2026-06-16.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Maintain the revenue guidance for 2026 between $335 million and $355 million.
Stated in 3 of last 3 quarters. Revenue for 2026 is guided between $335 million and $355 million. However, Q1 2026 revenue was $42.17 million, down from $95.1 million in Q4 2025, indicating limited progress towards the annual target.
“The Company reaffirmed its full year 2026 financial guidance of net revenue in the range of $335 million to $355 million.”
“The Company is initiating guidance for the full year 2026. Net revenues are expected to be between $335 million and $355 million.”
“We are reaffirming our full-year 2026 guidance for net revenue.”
Maintain the adjusted EBITDA guidance for 2026 between $44 million and $48 million.
Stated in 3 of last 3 quarters. Adjusted EBITDA for 2026 is guided between $44 million and $48 million. However, Q1 2026 operating income was -$14.06 million, down from $20.94 million in Q4 2025, indicating limited progress towards the annual target.
“Adjusted EBITDA in the range of $44 million to $48 million as previously announced.”
Initiate a search for a permanent successor to the outgoing CFO, Mark Weinswig.
Newly stated in 2026-Q1. The CFO transition is underway with the search for a permanent successor initiated. This transition comes amid financial challenges, as Q1 2026 net income was -$15.21 million, a decline from $17.61 million in Q4 2025, indicating a need for stable financial leadership.
“The Company has initiated a search for a permanent successor to Mr. Weinswig as Chief Financial Officer.”
Results of Operations and Financial Condition. On May 7, 2026, Turtle Beach Corporation (the “Company”) issued a press release announcing its financial results for its quarter ended March 31, 2026. A copy of that press release and the attached financial schedules are attached as Exhibit 99.1 to this report and incorporated herein by reference. The information in this report (including Exhibit 99.1) is being furnished pursuant to
Entry into a Material Definitive Agreement. Term Loan Facility On April 30, 2026, Turtle Beach Corporation (the “Company”) entered into a new financing agreement (the “Term Loan Financing Agreement”) by and among the Company, Voyetra Turtle Beach, Inc., a Delaware corporation, as borrower (“VTB”), each subsidiary of the Company listed as a guarantor on the signature pages thereto, the lenders from time to time party thereto, and Blue Torch Finance, LLC (“the “Term Agent”), as administrative a…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure required by this item is included in
Regulation FD Disclosure. On May 4, 2026, the Company issued a press release announcing the Term Loan Financing Agreement and the ABL Credit Agreement. A copy of the press release is furnished herewith as Exhibit 99.1. The information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that sect…
“Adjusted EBITDA is expected to be between $44 million and $48 million.”
“We are reaffirming our full-year 2026 guidance for adjusted EBITDA.”