Immersion Corp Financials
This page shows Immersion Corp (IMMR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores
Immersion Corp has an operating margin of 52.8%, meaning the company retains $53 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 63.5% the prior year.
Immersion Corp's revenue declined 11.8% year-over-year, from $38.5M to $33.9M. This contraction results in a growth score of 0/100.
Immersion Corp carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 8.93, Immersion Corp holds $8.93 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Immersion Corp earns a strong 18.6% return on equity (ROE), meaning it generates $19 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 74/100. This is down from 19.4% the prior year.
Immersion Corp scores 4.77, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($202.5M) relative to total liabilities ($32.6M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Immersion Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Immersion Corp generates $0.61 in operating cash flow ($20.6M OCF vs $34.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Immersion Corp generated $33.9M in revenue in fiscal year 2023. This represents a decrease of 11.8% from the prior year.
Immersion Corp's EBITDA was $18.0M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 26.7% from the prior year.
Immersion Corp reported $34.0M in net income in fiscal year 2023. This represents an increase of 10.8% from the prior year.
Immersion Corp earned $1.04 per diluted share (EPS) in fiscal year 2023. This represents an increase of 13.0% from the prior year.
Immersion Corp held $56.1M in cash against $0 in long-term debt as of fiscal year 2023.
Immersion Corp had 32M shares outstanding in fiscal year 2023. This represents a decrease of 2.4% from the prior year.
Immersion Corp's operating margin was 52.8% in fiscal year 2023, reflecting core business profitability. This is down 10.6 percentage points from the prior year.
Immersion Corp's net profit margin was 100.2% in fiscal year 2023, showing the share of revenue converted to profit. This is up 20.4 percentage points from the prior year.
Immersion Corp's ROE was 18.6% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the prior year.
Immersion Corp invested $281K in research and development in fiscal year 2023. This represents a decrease of 79.6% from the prior year.
Immersion Corp spent $8.3M on share buybacks in fiscal year 2023, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 37.6% from the prior year.
IMMR Income Statement
| Metric | Q3'25 | Q2'24 | Q1'24 | Q1'23 | Q3'23 | Q2'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $474.8M-23.0% | $616.2M+1305.5% | $43.8M+322.4% | $10.4M+9.5% | $9.5M+35.8% | $7.0M-23.8% | $9.2M-34.6% | $14.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | $9.2M-34.6% | $14.0M |
| R&D Expenses | N/A | N/A | $42K+90.9% | $22K-26.7% | $30K-69.7% | $99K-61.6% | $258K+1.6% | $254K |
| SG&A Expenses | N/A | N/A | $25.9M+483.3% | $4.4M+72.7% | $2.6M-23.9% | $3.4M+16.6% | $2.9M+13.9% | $2.5M |
| Operating Income | $26.2M-59.3% | $64.4M+287.7% | $16.6M+229.9% | $5.0M-22.7% | $6.5M+109.4% | $3.1M-46.2% | $5.8M-47.1% | $10.9M |
| Interest Expense | $4.2M-8.4% | $4.5M-43.9% | $8.1M+24.2% | $6.5M | $0 | $0 | N/A | -$2.3M |
| Income Tax | $17.4M+127.9% | $7.6M+26.0% | $6.1M+83.6% | $3.3M+157.0% | $1.3M-54.8% | $2.8M+157.3% | -$5.0M-665.9% | $877K |
| Net Income | $15.5M-43.0% | $27.2M+45.6% | $18.7M+16.7% | $16.0M+496.6% | $2.7M-61.9% | $7.0M-64.3% | $19.7M+155.7% | $7.7M |
| EPS (Diluted) | $0.47-43.4% | $0.83+40.7% | $0.59+18.0% | $0.50+525.0% | $0.08-61.9% | $0.21-64.4% | $0.59+156.5% | $0.23 |
IMMR Balance Sheet
| Metric | Q3'25 | Q2'24 | Q1'24 | Q1'23 | Q3'23 | Q2'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4B+3.8% | $1.3B+439.5% | $244.7M+13.4% | $215.7M+5.4% | $204.7M+1.1% | $202.5M+6.5% | $190.1M+11.0% | $171.2M |
| Current Assets | $926.0M+8.6% | $852.8M+340.0% | $193.8M+12.4% | $172.4M+7.2% | $160.8M-4.3% | $168.0M+4.8% | $160.3M+10.9% | $144.6M |
| Cash & Equivalents | $77.7M-3.5% | $80.5M-11.6% | $91.1M+62.5% | $56.1M+95.4% | $28.7M+11.2% | $25.8M-47.1% | $48.8M+32.8% | $36.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | $1.4M-19.0% | $1.7M-11.1% | $2.0M+213.1% | $626K-37.6% | $1.0M-50.2% | $2.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $804.3M-4.0% | $837.6M+1836.9% | $43.2M+32.5% | $32.6M-7.4% | $35.2M+8.6% | $32.5M+0.1% | $32.4M+15.5% | $28.1M |
| Current Liabilities | $538.6M+4.1% | $517.2M+1617.8% | $30.1M+55.9% | $19.3M-25.2% | $25.8M+18.1% | $21.9M+22.0% | $17.9M+30.1% | $13.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $319.2M+2.7% | $310.9M+54.3% | $201.5M+10.0% | $183.1M+8.1% | $169.4M-0.4% | $170.0M+7.8% | $157.7M+10.2% | $143.2M |
| Retained Earnings | $41.7M+20.8% | $34.5M+298.6% | -$17.4M+51.8% | -$36.0M+30.7% | -$52.0M+4.9% | -$54.7M+21.9% | -$70.0M+22.0% | -$89.7M |
IMMR Cash Flow Statement
| Metric | Q3'25 | Q2'24 | Q1'24 | Q1'23 | Q3'23 | Q2'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$43.7M+49.1% | -$85.9M-387.4% | $29.9M+282.3% | $7.8M+94.3% | $4.0M-23.1% | $5.2M-33.9% | $7.9M-41.8% | $13.6M |
| Capital Expenditures | $2.5M | N/A | N/A | N/A | $1K | N/A | $1K-95.2% | $21K |
| Free Cash Flow | -$46.2M | N/A | N/A | N/A | $4.0M | N/A | $7.9M-41.7% | $13.6M |
| Investing Cash Flow | $8.7M+122.8% | -$38.3M-657.1% | $6.9M-69.8% | $22.8M+581.6% | $3.3M+211.4% | -$3.0M-148.6% | $6.2M+121.4% | -$28.9M |
| Financing Cash Flow | $22.3M-73.3% | $83.5M+4882.1% | -$1.7M+45.7% | -$3.2M+28.3% | -$4.5M-15.1% | -$3.9M-91.8% | -$2.0M+62.1% | -$5.4M |
| Dividends Paid | $8.3M+452.4% | $1.5M+0.8% | $1.5M+50.5% | $990K-1.4% | $1.0M-1.1% | $1.0M | $0 | $0 |
| Share Buybacks | N/A | N/A | N/A | $2.1M-37.4% | $3.3M+16.7% | $2.9M+45.7% | $2.0M-63.1% | $5.3M |
IMMR Financial Ratios
| Metric | Q3'25 | Q2'24 | Q1'24 | Q1'23 | Q3'23 | Q2'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | 100.0%0.0pp | 100.0% |
| Operating Margin | 5.5%-4.9pp | 10.4%-27.4pp | 37.9%-10.6pp | 48.5%-20.2pp | 68.8%+24.2pp | 44.6%-18.5pp | 63.1%-15.0pp | 78.0% |
| Net Margin | 3.3%-1.2pp | 4.4%-38.1pp | 42.5%-111.5pp | 154.1%+125.8pp | 28.3%-72.4pp | 100.6%-114.4pp | 215.0%+160.0pp | 55.0% |
| Return on Equity | 4.9%-3.9pp | 8.7%-0.5pp | 9.3%+0.5pp | 8.7%+7.2pp | 1.6%-2.6pp | 4.1%-8.4pp | 12.5%+7.1pp | 5.4% |
| Return on Assets | 1.1%-0.9pp | 2.1%-5.6pp | 7.6%+0.2pp | 7.4%+6.1pp | 1.3%-2.2pp | 3.5%-6.9pp | 10.4%+5.9pp | 4.5% |
| Current Ratio | 1.72+0.1 | 1.65-4.8 | 6.44-2.5 | 8.93+2.7 | 6.23-1.5 | 7.69-1.3 | 8.94-1.6 | 10.50 |
| Debt-to-Equity | 2.52-0.2 | 2.69+2.5 | 0.21+0.0 | 0.18-0.0 | 0.21+0.0 | 0.19-0.0 | 0.210.0 | 0.20 |
| FCF Margin | -9.7% | N/A | N/A | N/A | 42.4% | N/A | 86.3%-10.6pp | 96.9% |
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Frequently Asked Questions
What is Immersion Corp's annual revenue?
Immersion Corp (IMMR) reported $33.9M in total revenue for fiscal year 2023. This represents a -11.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Immersion Corp's revenue growing?
Immersion Corp (IMMR) revenue declined by 11.8% year-over-year, from $38.5M to $33.9M in fiscal year 2023.
Is Immersion Corp profitable?
Yes, Immersion Corp (IMMR) reported a net income of $34.0M in fiscal year 2023, with a net profit margin of 100.2%.
What is Immersion Corp's earnings per share (EPS)?
Immersion Corp (IMMR) reported diluted earnings per share of $1.04 for fiscal year 2023. This represents a 13.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Immersion Corp's EBITDA?
Immersion Corp (IMMR) had EBITDA of $18.0M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
What is Immersion Corp's operating margin?
Immersion Corp (IMMR) had an operating margin of 52.8% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is Immersion Corp's net profit margin?
Immersion Corp (IMMR) had a net profit margin of 100.2% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Immersion Corp's return on equity (ROE)?
Immersion Corp (IMMR) has a return on equity of 18.6% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.
What is Immersion Corp's operating cash flow?
Immersion Corp (IMMR) generated $20.6M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Immersion Corp's total assets?
Immersion Corp (IMMR) had $215.7M in total assets as of fiscal year 2023, including both current and long-term assets.
How much does Immersion Corp spend on research and development?
Immersion Corp (IMMR) invested $281K in research and development during fiscal year 2023.
Does Immersion Corp buy back shares?
Yes, Immersion Corp (IMMR) spent $8.3M on share buybacks during fiscal year 2023, returning capital to shareholders by reducing shares outstanding.
How many shares does Immersion Corp have outstanding?
Immersion Corp (IMMR) had 32M shares outstanding as of fiscal year 2023.
What is Immersion Corp's current ratio?
Immersion Corp (IMMR) had a current ratio of 8.93 as of fiscal year 2023, which is generally considered healthy.
What is Immersion Corp's debt-to-equity ratio?
Immersion Corp (IMMR) had a debt-to-equity ratio of 0.18 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Immersion Corp's return on assets (ROA)?
Immersion Corp (IMMR) had a return on assets of 15.8% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Immersion Corp's Altman Z-Score?
Immersion Corp (IMMR) has an Altman Z-Score of 4.77, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Immersion Corp's Piotroski F-Score?
Immersion Corp (IMMR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Immersion Corp's earnings high quality?
Immersion Corp (IMMR) has an earnings quality ratio of 0.61x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Immersion Corp?
Immersion Corp (IMMR) scores 75 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.