Immersion Corp (IMMR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2027, filed Sep 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IMMR SEC filings page.
Immersion Corp (IMMR) reported $1.7B in revenue over the twelve months to Jul 31, 2026, down 1.1% from the prior twelve months. This page shows its 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).
The business now operates at billion-dollar scale, but thin operating margins and interest costs leave little profit despite renewed cash generation.
Revenue expanded from$33.9M in FY2023 to$1.7B in FY2026, yet operating margin fell from52.9% to1.5% —evidence of a fundamentally larger, lower-margin business rather than simple scaling of the earlier model. By FY2026, net margin was only0.3% , so the enlarged revenue base produced little bottom-line earnings after operating costs, interest, and taxes.
Cash conversion reversed across the latest two periods: FY2025 had operating cash flow of
The balance sheet is now more liability-funded: liabilities of
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Immersion Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Immersion Corp has an operating margin of 1.5%, meaning the company retains $2 of operating profit per $100 of revenue. This strong profitability earns a score of 67/100, reflecting efficient cost management and pricing power. This is down from 7.6% the prior year.
Immersion Corp's revenue grew 11.2% year-over-year to $1.7B, a solid pace of expansion. This earns a growth score of 99/100.
Immersion Corp carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.30, Immersion Corp holds $2.30 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 66/100.
Immersion Corp converts 2.5% of revenue into free cash flow ($42.9M). This strong cash generation earns a score of 71/100.
Immersion Corp's ROE of 1.5% shows moderate profitability relative to equity, earning a score of 59/100. This is down from 21.6% the prior year.
Immersion Corp scores 2.40, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Immersion Corp passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Immersion Corp generates $13.06 in operating cash flow ($59.1M OCF vs $4.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Immersion Corp earns $2.12 in operating income for every $1 of interest expense ($25.9M vs $12.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Immersion Corp generated $294.4M in revenue in Q1 2027. This represents an increase of 0.8% from the same quarter a year earlier. Against the prior quarter it is up 9.0%.
Immersion Corp's EBITDA was -$9.8M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 38.8% from the same quarter a year earlier. Against the prior quarter it is down 153.6%.
Immersion Corp reported $4.9M in net income in Q1 2027. This represents an increase of 624.3% from the same quarter a year earlier. Against the prior quarter it is up 30.8%.
Immersion Corp earned $0.17 per diluted share (EPS) in Q1 2027. This represents an increase of 666.7% from the same quarter a year earlier. Against the prior quarter it is up 41.7%.
Cash & Balance Sheet
Immersion Corp recorded an outflow of $47.1M in free cash flow in Q1 2027, representing a cash shortfall after capex. This represents an increase of 27.9% from the same quarter a year earlier. Against the prior quarter it is down 159.3%.
Immersion Corp held $174.8M in cash as of Q1 2027; long-term debt is not reported for that period.
Not reported for Q1 2027.
Margins & Returns
Immersion Corp's operating margin was -6.8% in Q1 2027, reflecting core business profitability. This is up 2.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.5 percentage points.
Immersion Corp's net profit margin was 1.7% in Q1 2027, showing the share of revenue converted to profit. This is up 2.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.
Immersion Corp's ROE was 1.6% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is up 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.
Not reported for Q1 2027.
Capital Allocation
Immersion Corp invested $3.5M in capex in Q1 2027, funding long-term assets and infrastructure. This represents a decrease of 5.5% from the same quarter a year earlier. Against the prior quarter it is down 20.1%.
Not reported for Q1 2027.
Not reported for Q1 2027.
IMMR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $294.4M+0.8% | $270.0M-27.6% | $518.5M+10.0% | $650.2M+5.5% | $292.0M+205.9% | $372.9M+750.4% | $471.3M+4440.1% | $616.2M+6399.1% |
| Operating Income | -$20.0M+24.2% | $7.2M+170.4% | $5.0M-85.9% | $40.1M-43.1% | -$26.4M-216.5% | -$10.3M-161.8% | $35.2M+599.7% | $70.4M+980.4% |
| EBITDA | -$9.8M+38.8% | $18.2M+4391.6% | $15.7M-65.3% | $50.6M-36.7% | -$15.9M-157.1% | $405K-97.6% | $45.2M | $79.9M+1122.3% |
| Interest Expense | $1.8M-36.3% | $2.4M-47.6% | $4.0M-4.8% | $3.0M-34.7% | $2.8M+214.0% | $4.6M | $4.2M+163.9% | $4.5M |
| Income Tax | -$2.1M+72.4% | $3.1M-71.5% | $6.7M+154.0% | $14.8M+192.9% | -$7.7M-207.0% | $10.8M+78.2% | $2.6M-20.0% | $5.0M+291.9% |
| Net Income | $4.9M+624.3% | $3.7M+121.9% | -$10.3M-142.7% | $12.0M-61.1% | -$930K-103.5% | -$17.0M-191.3% | $24.1M+50.5% | $30.8M+1049.4% |
| EPS (Basic) | $0.17+666.7% | $0.12+119.4% | -$0.31-141.9% | $0.37-61.1% | -$0.03-103.6% | -$0.62-203.3% | $0.74+51.0% | $0.95+1087.5% |
| EPS (Diluted) | $0.17+666.7% | $0.12+120.0% | -$0.31-142.5% | $0.36-61.3% | -$0.03-103.7% | -$0.60-201.7% | $0.73+49.0% | $0.93+1062.5% |
| Diluted Shares (Avg) | 33M+2.1% | N/A | 33M-0.4% | 33M+1.0% | 33M+100176.7% | N/A | 33M | 33M+0.5% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.
IMMR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B-6.8% | $1.1B-4.5% | $1.4B-0.4% | $1.4B+0.9% | $1.3B+2.2% | $1.1B+350.5% | $1.4B+566.5% | $1.4B+566.6% |
| Current Assets | $810.7M+1.7% | $675.2M+6.9% | $1.0B+10.3% | $934.2M+12.0% | $796.9M+17.9% | $631.8M+226.0% | $918.9M+432.9% | $834.5M+418.8% |
| Cash & Equivalents | $174.8M+93.9% | $138.3M+90.5% | $129.8M+67.1% | $126.9M+57.6% | $90.1M+151.9% | $72.6M-20.3% | $77.7M+38.6% | $80.5M+180.6% |
| Short-Term Investments | $34.7M-55.1% | $42.2M-52.5% | $48.1M-36.9% | $59.8M-24.2% | $77.4M-20.8% | $88.8M+0.9% | $76.2M-26.9% | $78.8M-35.4% |
| Long-Term Investments | $0-100.0% | $0-100.0% | $0-100.0% | $3.3M-84.6% | $13.9M-30.0% | $13.9M-48.2% | $28.0M+42.4% | $21.2M+29.8% |
| Goodwill | $69.2M0.0% | $69.2M0.0% | $69.2M | $69.2M | $69.2M | $69.2M | N/A | N/A |
| Total Liabilities | $877.5M+22.6% | $755.2M-6.1% | $870.7M+2.4% | $803.2M-8.4% | $715.6M-12.7% | $804.1M+1759.5% | $850.0M+2504.9% | $876.6M+2387.0% |
| Current Liabilities | $379.2M+5.9% | $293.4M+10.3% | $554.0M+1.9% | $495.7M-6.6% | $358.0M-18.2% | $265.9M+783.1% | $543.4M+2713.9% | $530.9M+1956.7% |
| Non-Current Liabilities | $498.4M+39.4% | $461.8M-14.2% | $316.7M+3.3% | $307.5M-11.0% | $357.6M-6.4% | $538.3M+3997.0% | $306.5M+2201.9% | $345.7M+3564.3% |
| Long-Term Debt | N/A | $71.0M-31.1% | N/A | N/A | N/A | $103.1M | N/A | N/A |
| Total Equity | $299.0M+1.1% | $297.2M-0.3% | $295.4M-7.1% | $306.9M+0.5% | $295.8M+8.2% | $298.1M+48.0% | $317.9M+73.6% | $305.5M+80.3% |
| Retained Earnings | $33.5M+3.9% | $31.2M-10.2% | $30.0M-44.4% | $42.7M+12.2% | $32.3M+256.0% | $34.7M+299.5% | $53.9M+249.5% | $38.1M+173.2% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable.
IMMR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$43.6M+29.3% | $83.8M+67.4% | -$33.8M+22.7% | $70.6M+40.2% | -$61.7M+46.1% | $50.1M+67.6% | -$43.7M-658.7% | $50.4M+1152.1% |
| Depreciation & Amortization | $10.2M-1.9% | $11.0M+2.7% | $10.7M+7.3% | $10.5M+11.5% | $10.4M+96.7% | $10.7M+17112.9% | $10.0M+90590.9% | $9.4M+67221.4% |
| Stock-Based Compensation | $2.0M-53.6% | N/A | N/A | N/A | $4.4M+171.7% | N/A | N/A | N/A |
| Capital Expenditures | $3.5M-5.5% | $4.4M+42.3% | $3.7M+46.4% | $4.3M+55.3% | $3.7M+33.0% | $3.1M | $2.5M+254600.0% | $2.8M+277800.0% |
| Free Cash Flow | -$47.1M+27.9% | $79.4M+69.0% | -$37.5M+18.9% | $66.3M+39.3% | -$65.4M+44.2% | $47.0M+57.2% | -$46.2M-691.4% | $47.6M+1083.4% |
| Investing Cash Flow | $26.2M+184.2% | $5.4M+625.0% | $10.0M+14.5% | $26.9M+90.2% | $9.2M+149.9% | -$1.0M-115.0% | $8.7M-61.7% | $14.1M+323.4% |
| Financing Cash Flow | $47.9M-26.7% | -$69.3M-64.8% | $10.3M-54.1% | -$51.1M-36.6% | $65.4M-44.6% | -$42.0M-2305.7% | $22.3M+795.0% | -$37.4M-733.9% |
| Dividends Paid | $2.5M | $2.5M+66.7% | $2.5M-69.7% | $3.0M+98.1% | $0-100.0% | $1.5M+1.6% | $8.3M+738.1% | $1.5M+51.3% |
Not reported in any period shown, so not listed: Share Buybacks.
IMMR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -6.8%+2.2pp | 2.7%+5.4pp | 1.0%-6.5pp | 6.2%-5.3pp | -9.0%-32.7pp | -2.8%-40.6pp | 7.5%-41.0pp | 11.4%-57.3pp |
| Net Margin | 1.7%+2.0pp | 1.4%+5.9pp | -2.0%-7.1pp | 1.8%-3.2pp | -0.3%-28.0pp | -4.6%-47.1pp | 5.1% | 5.0%-23.3pp |
| Return on Equity | 1.6%+1.9pp | 1.3%+7.0pp | -3.5%-11.1pp | 3.9%-6.2pp | -0.3%-10.0pp | -5.7%-15.0pp | 7.6%-1.2pp | 10.1%+8.5pp |
| Return on Assets | 0.4%+0.5pp | 0.4%+1.9pp | -0.7%-2.4pp | 0.9%-1.4pp | -0.1%-2.2pp | -1.5%-9.2pp | 1.7%-5.7pp | 2.3%+0.9pp |
| Current Ratio | 2.14-0.1x | 2.30-0.1x | 1.83+0.1x | 1.88+0.3x | 2.23+0.7x | 2.38-4.1x | 1.69-7.2x | 1.57-4.7x |
| Debt-to-Equity | 2.93+0.5x | 0.24-0.1x | 2.95+0.3x | 2.62-0.3x | 2.42-0.6x | 0.35+0.1x | 2.67+2.5x | 2.87+2.7x |
| Asset Turnover | 0.250.0x | 0.26-0.1x | 0.360.0x | 0.470.0x | 0.23+0.2x | 0.34+0.2x | 0.33+0.3x | 0.45+0.4x |
| FCF Margin | -16.0%+6.4pp | 29.4%+16.8pp | -7.2%+2.6pp | 10.2%+2.5pp | -22.4% | 12.6%-55.6pp | -9.8%-85.1pp | 7.7%-34.7pp |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Immersion Corp IMMR | FY2026 | $1.7B | $4.5M | 0.3% | $246.7M | 76/100 |
| WM TECHNOLOGY INC A MAPS | FY2025 | $174.7M | $2.0M | 1.1% | $45.4M | — |
| Asure Software, Inc ASUR | FY2025 | $140.5M | -$13.1M | -9.3% | $212.0M | 42/100 |
| eGain Corporation EGAN | FY2026 | $91.1M | $8.9M | 9.7% | $139.2M | 52/100 |
| ON24, Inc. ONTF | FY2025 | $139.3M | -$28.9M | -20.7% | $348.2M | 67/100 |
| CoreCard Corporation CCRD | FY2024 | $57.4M | $5.4M | 9.5% | $183.9M | 63/100 |
Where Immersion Corp Ranks
Frequently Asked Questions
What is Immersion Corp's annual revenue?
Immersion Corp (IMMR) reported $1.7B in total revenue for fiscal year 2026. This represents a 11.2% 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 grew by 11.2% year-over-year, from $1.6B to $1.7B in fiscal year 2026.
Is Immersion Corp profitable?
Yes, Immersion Corp (IMMR) reported a net income of $4.5M in fiscal year 2026, with a net profit margin of 0.3%.
What is Immersion Corp's EBITDA?
Immersion Corp (IMMR) had EBITDA of $68.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Immersion Corp have?
As of fiscal year 2026, Immersion Corp (IMMR) had $138.3M in cash and equivalents against $71.0M in long-term debt.
What is Immersion Corp's operating margin?
Immersion Corp (IMMR) had an operating margin of 1.5% in fiscal year 2026, 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 0.3% in fiscal year 2026, 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 1.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Immersion Corp's free cash flow?
Immersion Corp (IMMR) generated $42.9M in free cash flow during fiscal year 2026. This represents a 162.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Immersion Corp's operating cash flow?
Immersion Corp (IMMR) generated $59.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Immersion Corp's total assets?
Immersion Corp (IMMR) had $1.1B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Immersion Corp's capital expenditures?
Immersion Corp (IMMR) invested $16.2M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Immersion Corp's current ratio?
Immersion Corp (IMMR) had a current ratio of 2.30 as of fiscal year 2026, which is generally considered healthy.
What is Immersion Corp's debt-to-equity ratio?
Immersion Corp (IMMR) had a debt-to-equity ratio of 0.24 as of fiscal year 2026, 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 0.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Immersion Corp's P/E ratio?
Immersion Corp (IMMR) trades at 23.9x earnings, its market capitalization divided by net income of $10.3M net income, trailing 12 months to July 31, 2026. The market capitalization is $246.7M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Immersion Corp's price-to-sales ratio?
Immersion Corp (IMMR) trades at 0.1x sales, its market capitalization divided by revenue of $1.7B revenue, trailing 12 months to July 31, 2026. The market capitalization is $246.7M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Immersion Corp's Altman Z-Score?
Immersion Corp (IMMR) has an Altman Z-Score of 2.40, placing it in the Grey Zone (moderate 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 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 13.06x, considered cash-backed (high 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.
Can Immersion Corp cover its interest payments?
Immersion Corp (IMMR) has an interest coverage ratio of 2.12x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Immersion Corp?
Immersion Corp (IMMR) scores 76 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.