v3.24.3
Segment and Geographic Information
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment and Geographic Information

14. Segment and Geographic Information

We have two reportable segments:

•
Gamer and Creator Peripherals. Includes our high-performance gaming keyboards, mice, headsets, controllers, and streaming products, which includes capture cards, Stream Decks, microphones and audio interfaces, our Facecam streaming cameras, studio accessories, sim racing products, and gaming furniture, among others.
•
Gaming Components and Systems. Includes our high-performance power supply units, or PSUs, cooling solutions, computer cases, and DRAM modules, as well as high-end prebuilt and custom-built gaming PCs and laptops, and gaming monitors, among others.

The segments are defined as those operations our CODM regularly reviews to analyze performance and allocate resources. Our CODM is determined to be Corsair’s Chief Executive Officer. The results of the reportable segments are derived directly from our reporting system and are based on the methods of internal reporting which are not necessarily in conformity with GAAP. Management measures net revenue and gross profit to evaluate the performance of, and allocate resources to, each of the segments.

The following table summarizes the financial information for each reportable segment (in thousands):

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

 

 

 

 

 

 

 

 

 

 

 

Gamer and Creator Peripherals

 

$

101,966

 

 

$

90,356

 

 

$

303,168

 

 

$

258,053

 

Gaming Components and Systems

 

 

202,233

 

 

 

272,837

 

 

 

599,588

 

 

 

784,536

 

Total net revenue

 

$

304,199

 

 

$

363,193

 

 

$

902,756

 

 

$

1,042,589

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Profit

 

 

 

 

 

 

 

 

 

 

 

 

Gamer and Creator Peripherals

 

$

39,032

 

 

$

29,928

 

 

$

118,374

 

 

$

82,085

 

Gaming Components and Systems

 

 

30,629

 

 

 

59,425

 

 

 

101,011

 

 

 

175,504

 

Total gross profit

 

$

69,661

 

 

$

89,353

 

 

$

219,385

 

 

$

257,589

 

The CODM manages assets on a total company basis, not by operating segments; therefore, asset information and capital expenditures by operating segments are not presented.

Geographic Information

The following table summarizes our net revenue by geographic region based on the location of the customer (in thousands):

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

156,110

 

 

$

181,218

 

 

$

477,485

 

 

$

536,143

 

Europe and Middle East

 

 

116,783

 

 

 

132,641

 

 

 

318,872

 

 

 

351,212

 

Asia Pacific

 

 

31,306

 

 

 

49,334

 

 

 

106,399

 

 

 

155,234

 

Total net revenue

 

$

304,199

 

 

$

363,193

 

 

$

902,756

 

 

$

1,042,589

 

 

Revenues from sales to customers in the United States represented 54.8% and 42.9% for the three months ended September 30, 2024 and 2023, respectively, and represented 53.7% and 45.0% for the nine months ended September 30, 2024 and 2023, respectively. No other single country represented 10% or more of total net revenue during these periods.

The follow table sets forth the customers that individually comprised 10% or more of our total net revenue for the periods presented:

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer A

 

 

35.0

%

 

 

31.6

%

 

 

31.5

%

 

 

29.2

%

Customer B

 

*

 

 

*

 

 

 

10.1

%

 

*

 

* Customer represents less than 10% of our total net revenue in the period presented.