Immersion CorpImmersion Corp
Immersion Corp

Immersion Corp

IMMR
Information Technology·Software

Immersion Corp. engages in the creation, design, development and licensing of patented haptic innovations and software. The firm offers touch sense platform and design services. It operates through the following segments: Immersion and Barnes and Noble Education. The Immersion segment offers licenses of patented technology to its customers. The Barnes and Noble Education segment includes contract operations of physical and virtual bookstores for college and university campuses and K-12 institutions across the United States. The company was founded in 1993 and is headquartered in Aventura, FL.

California; U.S.A
Market cap
$236.8MNo data
Revenue
$1.7BNo data
Net income
$4.5MNo data
Free cash flow
$42.9MNo data

Market

Listed stock
IMMRPriceNasdaq
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Financial performance

Revenue
$1.7BNo data
Operating income
$25.9MNo data
Net income
$4.5MNo data
Free cash flow
$42.9MNo data

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $35.1M, 2022 $38.5M, 2023 $33.9M, 2025 $1.6B, 2026 $1.7B. Operating income: 2021 $17.8M, 2022 $24.4M, 2023 $17.9M, 2025 $118M, 2026 $25.9M. Net income: 2021 $12.5M, 2022 $30.7M, 2023 $34M, 2025 $64.3M, 2026 $4.5M. Free cash flow: 2021 $17.1M, 2022 $40.1M, 2023 $20.6M, 2025 $-68.8M, 2026 $42.9M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
11.2%No data
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $17.8M, 2022-12-31 $24.4M, 2023-12-31 $17.9M, 2025-04-30 $118M, 2026-04-30 $25.9M. Net income: 2021-12-31 $12.5M, 2022-12-31 $30.7M, 2023-12-31 $34M, 2025-04-30 $64.3M, 2026-04-30 $4.5M. Free cash flow: 2021-12-31 $17.1M, 2022-12-31 $40.1M, 2023-12-31 $20.6M, 2025-04-30 $-68.8M, 2026-04-30 $42.9M

Growth heatmap

2022202320252026CAGR
Revenue
+9.6%
-11.8%
+4487.0%
+11.2%
+146.1%
Gross profit
+9.9%
-84.5%
+224.2%
-99.2%
-71.2%
Operating income
+37.4%
-26.6%
+558.3%
-78.0%
+9.1%
Free cash flow
+134.4%
-48.6%
-434.0%
+162.3%
+23.6%

Earnings quality

Operating cash flow
$59.1MNo data
Net income
$4.5MNo data
Free cash flow
$42.9MNo data
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2026-04-30 1306%, 2025-04-30 -90%, 2023-12-31 61%, 2022-12-31 131%, 2021-12-31 140%. Free cash flow: 2026-04-30 948%, 2025-04-30 -107%, 2023-12-31 61%, 2022-12-31 131%, 2021-12-31 137%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
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Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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No data
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Price to sales
No data
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EV / EBITDA
No data
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Free cash flow yield
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