乌龟海岸 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from Commission File Number: 001-35465 Nevada(State or other jurisdiction ofincorporation or organization) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files).☒Yes☐NoIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☐ Accelerated filer☒Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒NoThe number of shares of the registrant’s Common Stock, par value $0.001 per share, outstanding on April 29, 2026 was19,847,421. INDEX PART I. FINANCIAL INFORMATION2Item 1.Financial Statements (unaudited)2Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 20252Condensed Consolidated Statements of Comprehensive (Loss) Income for the Three Months Ended March 31,2026 and 20253Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20254Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 20255Condensed Consolidated Statement of Stockholders' Equity for the Three Months Ended March 31, 2026 and20256Notes to Condensed Consolidated Financial Statements7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item 3.Quantitative and Qualitative Disclosures About Market Risk26Item 4.Controls and Procedures28PART II. OTHER INFORMATION29Item 1.Legal Proceedings29Item 1A.Risk Factors29Item 2.Unregistered Sales of Equity Securities and Use of Proceeds29Item 5.Other Information29Item 6.Exhibits30SIGNATURES31 PART I. FINANCIAL INFORMATION Turtle Beach CorporationCondensed Consolidated Statements of Operations(unaudited, in thousands, except per-share data) Turtle Beach CorporationCondensed Consolidated Statements of Comprehensive (Loss) Income(unaudited, in thousands) The accompanying notes are an integral part of these condensed consolidated financial statements. Turtle Beach CorporationCondensed Consolidated Balance Sheets(in thousands, except par value and share amounts) Turtle Beach CorporationCondensed Consolidated Statements of Cash Flows(unaudited, in thousands) Turtle Beach CorporationCondensed Consolidated Statement of Stockholders’Equity(unaudited, in thousands) Turtle Beach CorporationNotes to Condensed Consolidated Financial Statements(unaudited) Note1. Description of Business Organization Turtle Beach Corporation (“Turtle Beach” or the “Company”), develops and markets audio and gaming accessory products underthe Turtle Beach® brand for use with video game and entertainment consoles, handheld consoles, personal computers (“PCs”),tablets, and mobile devices. The Company’s product offerings have expanded over time beyond gaming headsets to include gamingcontrollers, flight and racing simulation accessories, and PC keyboards and mice. The Company operates within the gamingaccessories market and sells its products through a variety of retail, distribution, and ecommerce channels in the U.S. andinternational markets. The Company is headquartered in San Diego, California, and was incorporated in the State of Nevada in2010. Note2. Summary of Significant Accounting Policies The accompanying interim condensed consolidated financial statements have been prepared pursuant to the rules and regulations ofthe Securities and Exchange Commission (“SEC”) and, in the opinion of management, reflect all adjustments (which includenormal recurring adjustments) considered necessary for a fair presentation of the financial position, results of operations, a