Every 10-K that Immersion Corp (IMMR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow IMMR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IMMR filings page.
Immersion Corporation now operates two segments after acquiring a controlling interest in Barnes & Noble Education in June 2024. Through a Rights Offering and PIPE, Barnes & Noble Education received $95 million in gross equity proceeds, using $80.7 million to reduce outstanding debt and establishing Immersion as a 42% owner with board control.
The Immersion segment remains a haptics-focused licensing business with just under 300 patents, targeting mobile, gaming/VR and automotive markets. For the year ended April 30, 2026, mobile OEM and IC licensees provided 28% of royalty and license revenue, gaming and VR 45%, and automotive 15%, underscoring dependence on a concentrated set of large customers.
Barnes & Noble Education operates 1,116 physical and virtual campus bookstores and emphasizes its BNC First Day affordable access programs, which shift revenue timing and working-capital needs. Key risks highlighted include an evolving acquisition-driven strategy, heavy reliance on renewing and adding patent licenses, potential IP litigation, component supply constraints, macro and trade uncertainty, and compliance and internal-control challenges at Barnes & Noble Education, a consolidated variable interest entity.
Immersion Corporation filed Amendment No. 1 to its annual report originally submitted on March 12, 2026. The sole purpose is to replace an incorrect Auditor Consent from Plante & Moran, PLLC for the year ended December 31, 2023 with the correct version.
The amendment also includes updated CEO and CFO certifications required by Sections 302 and 906 of the Sarbanes-Oxley Act, dated as of this amendment’s filing date. The company states that no other changes were made to the original filing. As of October 31, 2024, non‑affiliate common stock had an aggregate market value of $227,763,695, and 32,921,888 shares were outstanding on March 4, 2026.
Immersion Corporation’s annual report centers on a major restatement and the consolidation of Barnes & Noble Education (BNED). After an internal investigation at BNED, the board determined several 2024–2025 interim financial statements should not be relied upon and restated them in this report. Adjustments include lease accounting errors, a $4.6 million textbook rental write-off, a $1.3 million legal settlement reclassified to an earlier quarter, revenue timing changes that reduced one quarter’s revenue by $3.9 million, and business-combination revisions that increased goodwill by $54.9 million and reduced noncontrolling interest by $55.6 million.
Immersion acquired a 42% stake and board control of BNED through a $50.1 million investment as part of $95 million of new equity capital that allowed BNED to pay down $80.7 million of debt and refinance a $325 million credit facility. Management concluded disclosure controls and internal control over financial reporting were not effective as of April 30, 2025 and is implementing remediation. The company also adopted a Dodd‑Frank clawback policy and reports that no excess incentive compensation was identified for recovery. As of March 4, 2026, 32,921,888 common shares were outstanding.