Subsequent Events	6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events Acquisition of Trak Racer business On August 3, 2026, the Company and certain of its wholly owned subsidiaries, acquired substantially all of the assets of the sim racing business operated under the Trak Racer brand, which designs, manufactures, distributes and sells racing, flight, motorcycle and other simulation cockpits, chassis, rigs and related peripherals and accessories. The acquisition expands the Company's sim racing product portfolio within its Gamer and Creator Peripherals segment and will be operating as a sub-brand under Fanatec. Total consideration consists of $40.0 million paid in cash at closing, subject to customary post-closing adjustments for working capital, indebtedness, and assumed employee entitlements and a contingent consideration of up to $10.0 million payable following a twelve-month earn-out period based on a scale of attainment of the projected upside to the acquired business's contribution profit, net of payroll costs, as compared to the prior twelve-month period. A portion of the closing consideration, consisting of a $4.5 million escrow amount and a $1.25 million purchase price adjustment holdback, was deposited with a third-party escrow agent at closing. The acquisition was funded with cash on hand. The Company will account for the transaction as a business combination under ASC 805, Business Combinations, and the results of the acquired business will be included in the Company's consolidated financial statements from August 4, 2026. As of the date these condensed consolidated financial statements were issued, the initial accounting for the acquisition, including the determination of the fair value of the consideration transferred and the allocation of the purchase price to the assets acquired and liabilities assumed, was incomplete because the valuations required to complete that accounting had not been finalized. Accordingly, the disclosures required by ASC 805, including the provisional amounts recognized for each major class of assets acquired, liabilities assumed, goodwill and the supplemental pro forma information, cannot be provided at this time. We expect to complete our preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed by the end of the third quarter of 2026. Investment in Bitfocus AS On July 17, 2026, Company through a wholly owned subsidiary, acquired a minority interest in Bitfocus AS ("Bitfocus"), a Norway-based private company that designs and develops software automation for the broadcast, live event, concert, digital production and streaming industries' workflows, for a total consideration of $2.75 million. The Company concurrently entered into a hardware partnership arrangement with Bitfocus which will enable integration of Bitfocus's offerings with the Elgato Stream Deck hardware. The investment deepens Company's integration between its hardware, software and services ecosystem within the Gamer and Creator Peripherals segment and expands Company's presence in the broader professional streaming and content software market. The investment was funded with cash on hand. Based on its initial assessment, the Company has determined that it does not have the ability to exercise significant influence over Bitfocus's operating and financial policies. Accordingly, the investment will be accounted for an equity investment without a readily determinable fair value under ASC 321, measured at cost less impairment, adjusted for changes resulting from observable price changes in orderly transactions. License agreement and exclusive call option On July 31, 2026, the Company completed a Collaboration and License Agreement (the “License Agreement”) and a related Call Option Agreement (the “Call Option Agreement”) with a privately held software technology company (the "Counterparty"). The arrangement grants the Company an exclusive, worldwide license to integrate the Counterparty's technology into its products and an exclusive option to acquire 100% of the Counterparty's outstanding equity. Under the License Agreement, the Company paid the Counterparty a one-time, non-refundable cash payment of $6.0 million in exchange for the license rights described above. The Call Option Agreement grants the Company an option to acquire all of the Counterparty's outstanding equity for a purchase price of $60.0 million in cash, subject to a quality-of-earnings adjustment, with aggregate consideration capped at $72.0 million, adjusted for the $6.0 million license payment already paid. Exercise of the option and consummation of any acquisition remains subject to negotiation of definitive acquisition agreements and customary closing conditions, including the Counterparty's board and stockholder approvals. The Company's exclusive right to the option is effectively limited to the period through March 31, 2027, whereafter it becomes non-exclusive. Absent exercise of the option or termination by the Counterparty, the option otherwise expires on September 30, 2027. As of the date these condensed consolidated financial statements were issued, the Company had not exercised the call option. The $6.0 million payment made under the License Agreement represents consideration for both the license rights and the call option, and the Company is in the process of determining the fair value of each component and the appropriate allocation of the payment between them. Accordingly, the accounting treatment for the consideration paid has not yet been finalized. We expect to complete our allocation of the consideration paid by the end of the third quarter of 2026.

Subsequent Events

6 Months Ended

Jun. 30, 2026

14. Subsequent Events

Acquisition of Trak Racer business

On August 3, 2026, the Company and certain of its wholly owned subsidiaries, acquired substantially all of the assets of the sim racing business operated under the Trak Racer brand, which designs, manufactures, distributes and sells racing, flight, motorcycle and other simulation cockpits, chassis, rigs and related peripherals and accessories. The acquisition expands the Company's sim racing product portfolio within its Gamer and Creator Peripherals segment and will be operating as a sub-brand under Fanatec.

Total consideration consists of $40.0 million paid in cash at closing, subject to customary post-closing adjustments for working capital, indebtedness, and assumed employee entitlements and a contingent consideration of up to $10.0 million payable following a twelve-month earn-out period based on a scale of attainment of the projected upside to the acquired business's contribution profit, net of payroll costs, as compared to the prior twelve-month period. A portion of the closing consideration, consisting of a $4.5 million escrow amount and a $1.25 million purchase price adjustment holdback, was deposited with a third-party escrow agent at closing. The acquisition was funded with cash on hand.

The Company will account for the transaction as a business combination under ASC 805, Business Combinations, and the results of the acquired business will be included in the Company's consolidated financial statements from August 4, 2026. As of the date these condensed consolidated financial statements were issued, the initial accounting for the acquisition, including the determination of the fair value of the consideration transferred and the allocation of the purchase price to the assets acquired and liabilities assumed, was incomplete because the valuations required to complete that accounting had not been finalized. Accordingly, the disclosures required by ASC 805, including the provisional amounts recognized for each major class of assets acquired, liabilities assumed, goodwill and the supplemental pro forma information, cannot be provided at this time. We expect to complete our preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed by the end of the third quarter of 2026.

Investment in Bitfocus AS

On July 17, 2026, Company through a wholly owned subsidiary, acquired a minority interest in Bitfocus AS ("Bitfocus"), a Norway-based private company that designs and develops software automation for the broadcast, live event, concert, digital production and streaming industries' workflows, for a total consideration of $2.75 million. The Company concurrently entered into a hardware partnership arrangement with Bitfocus which will enable integration of Bitfocus's offerings with the Elgato Stream Deck hardware. The investment deepens Company's integration between its hardware, software and services ecosystem within the Gamer and Creator Peripherals segment and expands Company's

presence in the broader professional streaming and content software market. The investment was funded with cash on hand.

Based on its initial assessment, the Company has determined that it does not have the ability to exercise significant influence over Bitfocus's operating and financial policies. Accordingly, the investment will be accounted for an equity investment without a readily determinable fair value under ASC 321, measured at cost less impairment, adjusted for changes resulting from observable price changes in orderly transactions.

License agreement and exclusive call option

On July 31, 2026, the Company completed a Collaboration and License Agreement (the “License Agreement”) and a related Call Option Agreement (the “Call Option Agreement”) with a privately held software technology company (the "Counterparty"). The arrangement grants the Company an exclusive, worldwide license to integrate the Counterparty's technology into its products and an exclusive option to acquire 100% of the Counterparty's outstanding equity.

Under the License Agreement, the Company paid the Counterparty a one-time, non-refundable cash payment of $6.0 million in exchange for the license rights described above. The Call Option Agreement grants the Company an option to acquire all of the Counterparty's outstanding equity for a purchase price of $60.0 million in cash, subject to a quality-of-earnings adjustment, with aggregate consideration capped at $72.0 million, adjusted for the $6.0 million license payment already paid. Exercise of the option and consummation of any acquisition remains subject to negotiation of definitive acquisition agreements and customary closing conditions, including the Counterparty's board and stockholder approvals.

The Company's exclusive right to the option is effectively limited to the period through March 31, 2027, whereafter it becomes non-exclusive. Absent exercise of the option or termination by the Counterparty, the option otherwise expires on September 30, 2027.

As of the date these condensed consolidated financial statements were issued, the Company had not exercised the call option. The $6.0 million payment made under the License Agreement represents consideration for both the license rights and the call option, and the Company is in the process of determining the fair value of each component and the appropriate allocation of the payment between them. Accordingly, the accounting treatment for the consideration paid has not yet been finalized. We expect to complete our allocation of the consideration paid by the end of the third quarter of 2026.