IMMERSION CORP
Business
Immersion Corporation operates two business segments following its June 2024 acquisition of Barnes & Noble Education. Immersion is a licensing company offering patented haptic-technology intellectual property and software to OEMs, integrated circuit manufacturers, and gaming companies for integration into consumer products in mobility, gaming, automotive, VR, and wearables markets. Barnes & Noble Education operates 1,146 physical and virtual college and K-12 bookstores across the United States, provides textbook wholesale distribution and inventory-management software, and offers affordable course-material access programs including its BNC First Day offerings.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-04-30 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|---|---|
| Total revenues | 1,556 | 34 | 38 | 35 | 30 | |
| Total operating expenses | 314 | 16 | 14 | — | — | |
| Operating Income (Loss) | 118 | 18 | 24 | 18 | 2 | |
| Interest and other income (expense), net | 16 | 25 | — | — | — | |
| Interest expense | 14 | 0 | — | — | — | |
| Income (Loss) Before Income Taxes | 119 | 43 | 27 | 17 | 3 | |
| Income tax benefit (expense) | −26 | −9 | 4 | −5 | 2 | |
| Net Income (Loss) | 94 | 34 | — | — | — | |
| Less: Net income (loss) attributable to noncontrolling interest | 29 | 0 | — | — | — | |
| Net Income (Loss) Attributable to Immersion Stockholders | 64 | 34 | 31 | 12 | 5 | |
| Basic (in dollars per share) | 1.94 | 1.05 | 0.92 | 0.4 | 0.19 | |
| Diluted (in dollars per share) | 1.9 | 1.04 | 0.92 | 0.39 | 0.19 | |
| Basic (in shares) | 32 | 32 | 33 | 31 | 28 | |
| Diluted (in shares) | 33 | 33 | 34 | 32 | 28 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-04-30 | FY 2025 2025-01-31 | FY 2024 2024-10-31 | FY 2024 2024-07-31 | FY 2024 2024-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 73 | — | — | — | — | |
| Investments current | 89 | — | — | — | — | |
| Total Current Assets | 632 | 919 | 834 | — | 676 | |
| Property and equipment, net | 96 | — | — | — | — | |
| Goodwill | — | — | — | — | — | |
| Investments noncurrent | 14 | — | — | — | — | |
| Total Assets | 1,102 | 1,438 | 1,364 | — | 1,234 | |
| Accounts payable | — | — | — | — | 459 | |
| Total Current Liabilities | 266 | 543 | 531 | — | — | |
| Long-term borrowings | 103 | — | — | — | — | |
| Total Liabilities | 544 | 850 | 877 | — | 820 | |
| Commitments and contingencies (Note 18) | — | — | — | — | — | |
| Common stock - $0.001 per share par value; 100,000,000 shares authorized; 49,433,320 and 32,502,969 shares issued and outstanding at April 30, 2025, respectively; 47,636,273 and 31,528,977 shares issued and outstanding at December 31, 2023, respectively. | 49,000 | 49,000 | 49,000 | — | 48,000 | |
| Additional paid-in capital | 374 | 371 | 370 | — | 368 | |
| Accumulated other comprehensive income (loss) | 535,000 | 2 | 5 | — | 1 | |
| Accumulated earnings (deficit) | 35 | 54 | 38 | — | 9 | |
| Treasury stock - 16,930,351 and 16,107,296 shares, respectively, at cost | −111 | −109 | −107 | — | −105 | |
| Total Stockholders' Equity Attributable to Immersion Corporation Stockholders | 298 | 318 | 306 | — | 273 | |
| Noncontrolling interest in consolidated subsidiaries | 261 | 270 | 182 | — | 141 | |
| Total Stockholders' Equity | 559 | 588 | 488 | 407 | 414 | |
| Total Liabilities and Stockholders' Equity | 1,102 | 1,438 | 1,364 | — | 1,234 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-04-30 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization expense | 35 | 67,000 | — | 762,000 | 2 | |
| Stock-based compensation | 6 | 3 | 3 | 2 | 5 | |
| Impairment loss | 1 | 0 | 0 | 2 | 0 | |
| Loss on disposal of property and equipment | 1 | 0 | — | — | — | |
| Deferred income taxes | 7 | 4 | −5 | 531,000 | −2 | |
| Net gains on investment in marketable securities | −1 | −12 | 8 | — | — | |
| Net gains on derivative instruments | −4 | −5 | −5 | 1 | 0 | |
| Shares issued to an employee in lieu of cash compensation | 2 | 595,000 | 157,000 | 0 | — | |
| Other noncash | 1 | 19,000 | 23,000 | 23,000 | 127,000 | |
| Accounts and other receivables | 18 | −1 | 735,000 | 248,000 | 1 | |
| Merchandise inventories | 37 | 0 | — | — | — | |
| Textbook rental inventories | −21 | 0 | — | — | — | |
| Prepaid expenses and other current assets | 5 | −500,000 | 4 | −823,000 | 1 | |
| Changes in lease right-of-use assets and liabilities | −18 | 0 | — | — | — | |
| Long-term deposits | 61,000 | −2 | 5 | 110,000 | — | |
| Other assets | −25 | 446,000 | 1 | 3 | 2 | |
| Accounts payable and accrued liabilities | −189 | 1 | — | — | — | |
| Other current liabilities | −8 | −1 | −3 | 2 | −1 | |
| Deferred revenue | −9 | −5 | −4 | −5 | −4 | |
| Other long-term liabilities | 4 | 3 | 2 | −1 | −1 | |
| Net cash flows provided by (used in) operating activities | −58 | 21 | 40 | 17 | 22,000 | |
| Purchases of marketable securities and other investments | −102 | −177 | −151 | 109 | — | |
| Proceeds from sale or maturities of marketable securities and other investments | 139 | 172 | 120 | — | — | |
| Proceeds from sale of derivative instruments | 17 | 22 | 16 | 19 | 0 | |
| Payments for settlement of derivative instruments | −9 | −13 | −14 | −14 | 0 | |
| Acquisition of business net of cash acquired | −31 | 0 | — | — | — | |
| Purchase of property and equipment | −11 | 0 | −30,000 | −335,000 | −47,000 | |
| Proceeds from disposal of property and equipment | 792,000 | 0 | 4,000 | 0 | — | |
| Net cash flows provided by (used in) investing activities | 3 | 3 | −29 | −88 | 3 | |
| Proceeds from borrowings | 836 | 0 | — | — | — | |
| Repayment of borrowing | −834 | 0 | — | — | — | |
| Proceeds from sale of Barnes & Noble Education common stock, net of commissions and issuance costs | 78 | 0 | — | — | — | |
| Dividend payments to stockholders | −13 | −7 | 0 | — | — | |
| Proceeds from stock options exercises | 0 | 160,000 | 0 | 3 | 577,000 | |
| Shares withheld to cover payroll taxes | −4 | −1 | −229,000 | 0 | — | |
| Payment for purchases of treasury stock | −2 | −8 | −13 | 0 | −31 | |
| Other financing activities | 0 | 6,000 | 56,000 | — | — | |
| Net cash flows provided by (used in) financing activities | 61 | −17 | −13 | 62 | −30 | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 7 | 7 | −3 | −8 | −27 |
Filings
Material Events
Insiders
Institutional Holders
Holdings (13F)
Portfolio as of 2026-03-31 · 9 positions
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $144.69M | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| BARNES & NOBLE ED INC | — | 11.21M | $98.97M | 68.4% |
| FIVE POINT HOLDINGS LLC | — | 2.79M | $13.52M | 9.3% |
| XPERI INC | — | 1.92M | $10.74M | 7.4% |
| RIMINI STR INC DEL | — | 2.09M | $6.87M | 4.7% |
| UNIVERSAL ELECTRS INC | — | 1.54M | $6.36M | 4.4% |
| MAGNACHIP SEMICONDUCTOR CORP | — | 1.38M | $3.87M | 2.7% |
| BLACKSTONE SECD LENDING FD | — | 79.2K | $1.88M | 1.3% |
| CHILDRENS PL INC NEW | — | 474.0K | $1.59M | 1.1% |
| ALIGHT INC | — | 1.52M | $886.0K | 0.6% |
Insider Activity
Person — IMMERSION CORP
- CIK
- 0001058811
- Insider filer
- Yes
Positions
| Company | Ticker | Role | Title | Tenure |
|---|---|---|---|---|
| Barnes & Noble Education, Inc. | BNED | director | — | 2025-03-14 |
| UNIVERSAL ELECTRONICS INC | UEIC | ten_percent | — | 2023-10-31 → 2023-11-28 |
Frequently asked questions
What is IMMERSION CORP's CIK number?
IMMERSION CORP's SEC CIK number is 0001058811 (1058811). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find IMMERSION CORP's SEC filings?
All of IMMERSION CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did IMMERSION CORP last report earnings?
IMMERSION CORP (IMMR) most recently filed an earnings 8-K with the SEC on Jul 30, 2025, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000950170-25-100290). This is IMMERSION CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is IMMERSION CORP's most recent earnings 8-K?
IMMERSION CORP's latest earnings 8-K (Item 2.02) was filed Jul 30, 2025 under accession 0000950170-25-100290. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View IMMERSION CORP's latest earnings 8-K →
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