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Immersion (IMMR) Financials

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$7.46 -0.01 (-0.19%)
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Annual Income Statements for Immersion

Annual Income Statements for Immersion

This table shows Immersion's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2025 2026
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 4/30/2025 4/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 2.86 73 23 275 -20 5.40 12 31 34 937 1,078
Consolidated Net Income / (Loss)		 2.86 -39 -45 54 -20 5.40 12 31 34 158 14
Net Income / (Loss) Continuing Operations		 2.86 -40 23 275 -20 5.40 12 31 34 966 1,083
Total Pre-Tax Income 		4.45 -15 -45 55 -20 3.16 17 27 43 119 26
Total Operating Income		 4.72 -15 -45 53 -21 2.22 18 24 18 118 26
Total Gross Profit		 63 113 69 221 36 30 35 38 34 1,556 1,731
Total Revenue		 63 113 69 222 36 30 35 38 34 1,556 1,731
Operating Revenue		 63 113 69 222 36 30 35 38 34 1,556 1,731
Total Cost of Revenue		 0.46 0.20 0.20 0.22 0.17 0.17 0.09 0.00 0.00 0.00 0.00
Total Operating Expenses		 58 16 46 -53 57 28 17 14 16 565 631
Selling, General & Admin Expense		 29 44 53 42 43 18 9.84 11 14 566 634
Other Operating Expenses / (Income)		 - 56 34 111 - - - - - -1.35 -2.86
Total Other Income / (Expense), net		 -0.27 0.75 0.61 1.63 1.88 0.94 -0.49 2.55 25 1.27 0.12
Interest Expense		 - - - - - - - - - -1.27 -0.12
Income Tax Expense		 1.59 26 0.48 0.39 0.47 -2.24 4.81 -3.70 8.94 26 17
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - - - - - 29 4.69
Basic Earnings per Share		 $0.10 ($1.37) ($1.55) $1.78 ($0.64) $0.19 $0.40 $0.92 $1.05 $1.94 $0.14
Weighted Average Basic Shares Outstanding		 28.10M 28.76M 29.18M 30.46M 31.53M 28.12M 31.46M 33.28M 32.21M 32.22M 32.86M
Diluted Earnings per Share		 $0.10 ($1.37) ($1.55) $1.73 ($0.64) $0.19 $0.39 $0.92 $1.04 $1.90 $0.14
Weighted Average Diluted Shares Outstanding		 29.02M 28.76M 29.18M 31.41M 31.53M 28.48M 31.77M 33.51M 32.54M 33.00M 33.13M
Weighted Average Basic & Diluted Shares Outstanding		 28.60M 28.70M 29.20M 30.85M 31.14M 60.18M 67.05M 32.31M 31.70M - 33.19M

Quarterly Income Statements for Immersion

This table shows Immersion's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 12 19 29 129 -285 -241 1,334 188 -295 -266 1,451
Consolidated Net Income / (Loss)		 16 19 21 39 64 43 11 -16 27 -10 13
Net Income / (Loss) Continuing Operations		 12 19 -5.70 114 -251 -222 1,325 176 -280 -266 1,454
Total Pre-Tax Income 		19 25 29 22 69 46 -18 -48 42 -3.42 36
Total Operating Income		 5.04 17 25 14 70 35 -1.21 -26 40 4.99 7.23
Total Gross Profit		 10 44 99 282 0.00 0.00 1,274 405 0.00 0.00 1,326
Total Revenue		 10 44 99 502 0.00 0.00 1,054 872 0.00 0.00 858
Total Cost of Revenue		 - 0.00 0.00 220 0.00 0.00 -220 467 0.00 0.00 -467
Total Operating Expenses		 9.21 27 101 167 245 230 -77 251 267 251 -138
Selling, General & Admin Expense		 - 26 15 50 245 235 37 72 267 248 47
Total Other Income / (Expense), net		 14 8.11 3.71 8.33 -1.01 11 -17 4.91 1.57 -8.40 2.03
Interest Expense		 - -8.11 -3.71 -8.33 1.01 -11 17 -4.91 -1.57 8.40 -2.03
Income Tax Expense		 3.30 6.07 8.18 9.69 5.04 2.64 8.34 -16 15 6.72 12
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - -8.01 -15 34 19 -8.58 -13 15 0.13 2.45
Basic Earnings per Share		 $0.50 $0.60 $0.91 $0.85 $0.95 $0.74 ($0.60) ($0.03) $0.37 ($0.31) $0.11
Weighted Average Basic Shares Outstanding		 32.21M 31.03M 31.88M 31.97M 32.22M 32.29M 32.22M 32.62M 32.84M 32.94M 32.86M
Diluted Earnings per Share		 $0.50 $0.59 $0.89 $0.83 $0.93 $0.73 ($0.59) ($0.03) $0.36 ($0.31) $0.12
Weighted Average Diluted Shares Outstanding		 32.54M 31.41M 32.53M 32.70M 32.92M 33.06M 33.00M 32.62M 33.24M 32.94M 33.13M
Weighted Average Basic & Diluted Shares Outstanding		 31.70M 31.85M 32.18M - 32.28M 32.40M 0.00 - - 33.10M 33.19M

Annual Cash Flow Statements for Immersion

This table details how cash moves in and out of Immersion's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2025 2026
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 4/30/2025 4/30/2026
Net Change in Cash & Equivalents		 11 32 -32 86 -25 -27 -8.03 -2.67 7.25 6.75 66
Net Cash From Operating Activities		 10 22 -44 70 -34 0.02 17 40 21 -58 59
Net Cash From Continuing Operating Activities		 10 22 -44 70 -34 0.02 17 40 21 -58 59
Net Income / (Loss) Continuing Operations		 2.86 -40 -45 54 -20 5.40 12 31 34 94 9.21
Consolidated Net Income / (Loss)		 2.86 -39 -45 54 -20 5.40 12 31 34 94 9.21
Depreciation Expense		 1.02 0.91 0.97 0.86 2.20 1.93 0.10 0.14 0.07 35 43
Non-Cash Adjustments To Reconcile Net Income		 5.47 6.13 6.10 8.71 6.50 4.73 6.71 7.47 -13 -7.68 19
Changes in Operating Assets and Liabilities, net		 0.70 55 -5.61 6.01 -23 -12 -1.84 1.88 -0.65 -179 -12
Net Cash From Investing Activities		 -1.34 7.84 11 8.24 11 2.95 -88 -29 3.40 3.38 52
Net Cash From Continuing Investing Activities		 -1.34 7.84 11 8.24 11 2.95 -88 -29 3.40 3.38 52
Purchase of Property, Plant & Equipment		 -4.43 -0.34 -0.13 -0.07 -0.15 -0.05 -0.34 - - -11 -16
Acquisitions		 - - - - - - - - - -31 0.00
Purchase of Investments		 -45 -33 -24 -18 -8.93 0.00 -123 -165 -190 -111 -75
Sale of Property, Plant & Equipment		 - - - - - - 0.00 - - 0.79 0.00
Sale and/or Maturity of Investments		 48 40 35 26 20 3.00 36 136 194 156 143
Net Cash From Financing Activities		 1.93 1.97 0.52 8.21 -1.33 -30 62 -13 -17 61 -45
Net Cash From Continuing Financing Activities		 1.93 1.97 0.52 8.21 -1.33 -30 62 -13 -17 61 -45
Repayment of Debt		 - - - - - - - 0.06 0.01 -834 -847
Repurchase of Common Equity		 0.00 -0.73 -0.33 0.00 -2.74 -31 0.00 -13 -8.26 -2.38 -0.01
Payment of Dividends		 - - - - - - 0.00 0.00 -7.41 -13 -8.05
Issuance of Debt		 - - - - - - - - - 836 813
Other Financing Activities, net		 1.56 2.39 0.52 7.99 1.25 0.58 2.86 -0.23 -1.08 74 -2.69

Quarterly Cash Flow Statements for Immersion

This table details how cash moves in and out of Immersion's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
Net Change in Cash & Equivalents		 27 35 -41 -15 27 -13 7.04 13 46 -14 20
Net Cash From Operating Activities		 7.82 30 -86 -114 50 -44 50 -62 71 -34 84
Net Cash From Continuing Operating Activities		 7.82 30 -86 -114 50 -44 50 -62 71 -34 84
Net Income / (Loss) Continuing Operations		 16 19 21 12 64 19 6.00 -14 27 -10 6.18
Consolidated Net Income / (Loss)		 16 19 21 12 64 19 6.00 -14 27 -10 6.18
Depreciation Expense		 0.01 0.02 2.20 5.30 9.43 10 11 10 11 11 11
Non-Cash Adjustments To Reconcile Net Income		 -11 -3.76 0.17 -1.98 11 -6.90 -0.52 18 -39 37 3.00
Changes in Operating Assets and Liabilities, net		 3.26 15 -109 -130 -34 -66 34 -76 72 -71 64
Net Cash From Investing Activities		 23 6.88 -38 -18 14 8.72 -1.03 9.21 27 9.99 5.41
Net Cash From Continuing Investing Activities		 23 6.88 -38 -18 14 8.72 -1.03 9.21 27 9.99 5.41
Purchase of Property, Plant & Equipment		 - - - -2.81 -2.78 -2.55 -3.10 -3.74 -4.32 -3.73 -4.42
Purchase of Investments		 -22 -46 -42 -31 -18 -36 -25 -29 8.44 -5.09 -50
Sale and/or Maturity of Investments		 45 53 34 45 35 48 29 42 23 19 60
Net Cash From Financing Activities		 -3.22 -1.75 84 118 -37 22 -42 65 -51 10 -69
Net Cash From Continuing Financing Activities		 -3.22 -1.75 84 118 -37 22 -42 65 -51 10 -69
Repayment of Debt		 0.01 0.00 -16 -46 -282 -250 -257 -96 -233 -241 -276
Repurchase of Common Equity		 -2.08 - - 0.00 - - - 0.00 - -0.80 0.79
Payment of Dividends		 -0.99 -1.49 -1.50 -1.52 -1.52 -8.30 -1.51 0.00 -3.01 -2.52 -2.52
Issuance of Debt		 - - - 167 237 212 220 163 186 255 209
Other Financing Activities, net		 -0.14 -0.26 -0.36 -1.13 8.49 68 -1.21 -1.54 -0.58 -0.42 -0.15

Annual Balance Sheets for Immersion

This table presents Immersion's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 4/30/2024 4/30/2025 4/30/2026
Total Assets		 104 52 146 125 96 176 190 216 247 1,102 1,052
Total Current Assets		 94 48 136 107 74 153 160 172 191 632 675
Cash & Equivalents		 57 25 111 86 60 51 49 56 86 73 138
Short-Term Investments		 33 22 14 3.02 0.00 86 101 104 93 89 42
Accounts Receivable		 1.38 0.81 1.05 3.39 2.22 1.97 1.24 2.24 3.14 101 119
Inventories, net		 - - - - - - - 0.00 0.00 326 325
Prepaid Expenses		 2.88 0.74 9.86 14 13 13 9.35 9.85 9.10 44 51
Plant, Property, & Equipment, net		 4.02 3.15 2.34 1.23 0.21 0.44 0.29 0.21 0.16 96 68
Total Noncurrent Assets		 5.72 0.75 7.83 17 22 22 29 43 56 375 309
Long-Term Investments		 - - - - - 7.29 17 33 47 14 0.00
Goodwill		 - - - - - - - 0.00 0.00 69 69
Intangible Assets		 0.37 0.34 - - - - - 0.00 0.00 92 88
Other Noncurrent Operating Assets		 5.00 - 7.83 17 22 12 5.24 6.38 6.41 200 152
Total Liabilities & Shareholders' Equity		 104 52 146 125 96 176 190 216 247 1,102 1,052
Total Liabilities		 48 42 46 41 32 34 32 33 45 544 485
Total Current Liabilities		 21 19 15 12 8.78 17 18 19 30 266 293
Accounts Payable		 5.95 6.65 3.61 0.81 0.15 0.00 0.09 0.05 0.06 149 136
Accrued Expenses		 - - - - - - - 0.00 0.00 44 65
Current Deferred Revenue		 5.91 4.42 4.59 4.69 5.17 4.83 4.77 4.24 12 13 13
Current Employee Benefit Liabilities		 4.75 4.13 3.95 2.84 1.00 0.56 2.03 3.13 4.00 0.34 0.04
Other Current Liabilities		 4.41 3.90 3.19 3.48 2.46 11 11 12 14 59 80
Total Noncurrent Liabilities		 27 23 31 29 23 18 14 13 15 278 192
Long-Term Debt		 - - - - - - - 0.00 0.00 103 71
Noncurrent Deferred Revenue		 26 22 30 26 21 17 13 8.39 7.98 8.95 5.64
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - - 0.00 - 15 16
Other Noncurrent Operating Liabilities		 1.01 0.92 0.79 3.32 2.04 0.90 1.86 4.93 7.11 150 99
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 55 9.66 100 84 64 141 158 183 201 559 567
Total Preferred & Common Equity		 55 9.66 100 84 64 141 158 183 201 298 297
Total Common Equity		 55 9.66 100 84 64 141 158 183 201 298 297
Common Stock		 221 228 246 253 259 323 323 322 323 374 380
Retained Earnings		 -119 -172 -99 -119 -113 -101 -70 -36 -18 35 31
Treasury Stock		 -47 -47 -48 -51 -82 -82 -95 -105 -105 -111 -114
Accumulated Other Comprehensive Income / (Loss)		 0.12 0.10 0.12 0.12 0.12 0.41 0.20 1.70 2.02 0.54 0.12
Noncontrolling Interest		 - - - - - - - 0.00 0.00 261 270

Quarterly Balance Sheets for Immersion

This table presents Immersion's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 10/31/2024 1/31/2025 7/31/2025 10/31/2025 1/31/2026
Total Assets		 205 245 1,188 1,320 1,371 1,262 1,377 1,433
Total Current Assets		 161 194 679 853 926 797 934 1,013
Cash & Equivalents		 29 91 36 81 78 90 127 130
Short-Term Investments		 122 88 98 79 76 77 60 48
Accounts Receivable		 2.56 6.03 141 280 357 165 319 419
Inventories, net		 - - 363 365 368 409 378 373
Prepaid Expenses		 7.59 8.70 41 48 47 55 51 44
Plant, Property, & Equipment, net		 0.23 0.17 118 108 101 88 83 77
Total Noncurrent Assets		 44 51 391 360 344 377 360 343
Long-Term Investments		 30 41 45 37 44 14 3.26 0.00
Goodwill		 - - 14 14 10 69 69 69
Intangible Assets		 - - 95 94 93 91 90 89
Noncurrent Deferred & Refundable Income Taxes		 7.22 3.34 3.34 3.34 0.87 - - 1.42
Other Noncurrent Operating Assets		 6.53 6.40 234 211 196 203 198 183
Total Liabilities & Shareholders' Equity		 205 245 1,188 1,320 1,371 1,262 1,377 1,433
Total Liabilities		 35 43 762 838 804 716 803 871
Total Current Liabilities		 26 30 438 517 539 358 496 554
Accounts Payable		 0.04 0.02 217 299 304 237 345 319
Accrued Expenses		 - - 70 61 77 50 63 127
Current Deferred Revenue		 4.73 12 20 41 53 15 35 56
Current Employee Benefit Liabilities		 0.62 3.19 2.85 2.86 0.19 0.49 0.74 0.46
Other Current Liabilities		 20 15 128 114 105 56 52 52
Total Noncurrent Liabilities		 9.43 13 324 320 266 358 308 317
Long-Term Debt		 - - 187 178 141 170 123 138
Noncurrent Deferred Revenue		 9.09 8.21 12 10 9.78 8.12 7.28 6.44
Noncurrent Deferred & Payable Income Tax Liabilities		 - - 0.64 2.05 - 15 16 13
Other Noncurrent Operating Liabilities		 0.35 4.93 125 130 115 164 162 159
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 169 201 426 482 566 546 574 562
Total Preferred & Common Equity		 169 201 230 311 319 296 307 295
Total Common Equity		 169 201 230 311 319 296 307 295
Common Stock		 323 322 323 382 385 376 377 379
Retained Earnings		 -52 -17 12 35 42 32 43 30
Treasury Stock		 -102 -105 -105 -107 -109 -113 -113 -114
Accumulated Other Comprehensive Income / (Loss)		 1.20 1.53 1.34 1.53 1.91 0.35 0.31 0.12
Noncontrolling Interest		 - - 196 172 247 250 267 267

Annual Metrics And Ratios for Immersion

This table displays calculated financial ratios and metrics derived from Immersion's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2025 2026
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 4/30/2025 4/30/2026
DEI Shares Outstanding		 28,284,981.00 28,834,412.00 29,251,243.00 68,332,873.00 31,795,744.00 26,937,105.00 33,025,762.00 32,308,895.00 31,839,986.00 32,396,432.00 33,100,452.00
DEI Adjusted Shares Outstanding		 28,284,981.00 28,834,412.00 29,251,243.00 68,332,873.00 31,795,744.00 26,937,105.00 33,025,762.00 32,308,895.00 31,839,986.00 32,396,432.00 33,100,452.00
DEI Earnings Per Adjusted Shares Outstanding		 0.10 2.52 0.78 4.03 -0.63 0.20 0.38 0.95 1.07 37.77 32.58
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 19.75% 78.44% -38.91% 220.59% -83.77% -15.29% 15.21% 9.61% -11.81% 0.00% 11.24%
EBITDA Growth		 -16.14% -372.62% -206.47% 221.68% -135.65% 125.15% 253.08% 44.34% -26.73% 0.00% -55.33%
EBIT Growth		 -25.56% -458.75% -194.58% 217.18% -140.38% 113.52% 485.73% 44.36% -26.59% 0.00% -78.04%
NOPAT Growth		 -22.14% -452.44% -197.60% 265.81% -128.48% 125.28% 238.14% 116.37% -48.89% 0.00% -90.09%
Net Income Growth		 -30.68% -1,477.92% -15.01% 219.99% -136.88% 126.95% 131.14% 145.63% 10.80% 0.00% -91.30%
EPS Growth		 -28.57% -1,470.00% -13.14% 211.61% -136.99% 129.69% 105.26% 135.90% 13.04% 0.00% -92.63%
Operating Cash Flow Growth		 3,351.89% 119.43% -298.84% 259.54% -148.77% 100.06% 79,213.64% 130.08% -48.69% 0.00% 202.59%
Free Cash Flow Firm Growth		 110.18% 7,607.56% -164.59% 240.04% -184.03% 81.46% 431.15% 55.32% -52.26% 0.00% 0.00%
Invested Capital Growth		 12.69% -258.79% -7.11% 31.51% 77.27% 177.68% -187.73% -132.06% -16.88% 0.00% -5.87%
Revenue Q/Q Growth		 4.88% 75.75% -26.05% -5.69% -31.01% -1.71% -3.27% -1.49% 3.72% 0.00% -10.14%
EBITDA Q/Q Growth		 2.40% -992.12% -0.55% 16.21% 20.96% 887.42% -2.99% 0.00% -4.15% 0.00% 14.59%
EBIT Q/Q Growth		 1.09% -583.89% -0.59% 16.65% 16.95% 189.55% -1.74% -0.09% -3.99% 0.00% 48.23%
NOPAT Q/Q Growth		 15.12% -451.81% -2.27% 19.97% 15.80% 313.14% -30.30% 60.58% -22.63% 0.00% -25.05%
Net Income Q/Q Growth		 4.42% -41,353.68% 36.34% 20.25% 17.05% 416.59% -35.09% 149.34% -9.85% 0.00% 13.11%
EPS Q/Q Growth		 0.00% -6,750.00% 36.73% 17.69% 21.95% 416.67% -38.10% 155.56% -7.96% 0.00% 124.56%
Operating Cash Flow Q/Q Growth		 5.37% -12.68% 7.92% -5.29% 6.53% 100.35% 27.07% 3.04% -0.44% 0.00% 133.30%
Free Cash Flow Firm Q/Q Growth		 310.03% 145.28% -386.13% -10.16% 5.96% 41.87% 392.39% -14.15% -23.49% 0.00% 0.00%
Invested Capital Q/Q Growth		 25.79% -968.98% -30.44% 16.01% 48.67% 329.02% -132.17% -1.86% 4.59% 0.00% -12.35%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 99.27% 99.83% 99.71% 99.90% 99.53% 99.45% 99.75% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 8.34% -12.74% -63.93% 24.27% -53.30% 15.82% 48.49% 63.86% 53.05% 9.86% 3.96%
Operating Margin		 7.44% -13.49% -65.73% 23.97% -59.66% 7.29% 50.66% 63.49% 52.85% 7.59% 1.50%
EBIT Margin		 6.74% -13.55% -65.34% 23.88% -59.41% 9.48% 48.21% 63.49% 52.85% 7.59% 1.50%
Profit (Net Income) Margin		 4.51% -34.81% -65.54% 24.53% -55.75% 17.73% 35.58% 79.73% 100.17% 10.15% 0.79%
Tax Burden Percent		 64.24% 271.42% 101.07% 99.28% 102.41% 170.97% 72.20% 113.72% 79.17% 132.34% 52.78%
Interest Burden Percent		 104.14% 94.67% 99.25% 103.46% 91.63% 109.38% 102.21% 110.42% 239.39% 101.08% 100.44%
Effective Tax Rate		 35.76% 0.00% 0.00% 0.72% 0.00% -70.97% 27.80% -13.72% 20.83% 21.55% 64.60%
Return on Invested Capital (ROIC)		 14.81% 0.00% 0.00% 0.00% 0.00% 0.00% 4,692.57% 0.00% 0.00% 19.03% 1.94%
ROIC Less NNEP Spread (ROIC-NNEP)		 15.10% 0.00% 0.00% 0.00% 0.00% 0.00% 4,692.92% 0.00% 0.00% -71.46% -3.09%
Return on Net Nonoperating Assets (RNNOA)		 -11.31% 0.00% 0.00% 0.00% 0.00% 0.00% -4,680.41% 0.00% 0.00% 9.23% 0.50%
Return on Equity (ROE)		 3.50% -55.48% -139.36% 99.42% -21.86% 7.31% 12.16% 20.51% 19.94% 28.26% 2.44%
Cash Return on Invested Capital (CROIC)		 2.88% 0.00% 0.00% 0.00% 0.00% -143.61% 0.00% 0.00% 0.00% 0.00% 7.99%
Operating Return on Assets (OROA)		 4.21% -14.65% -57.98% 53.45% -15.77% 2.61% 12.45% 13.36% 8.83% 17.50% 2.41%
Return on Assets (ROA)		 2.82% -37.65% -58.16% 54.90% -14.80% 4.89% 9.19% 16.77% 16.74% 23.41% 1.28%
Return on Common Equity (ROCE)		 3.50% -55.48% -139.36% 99.42% -21.86% 7.31% 12.16% 20.51% 19.94% 18.57% 1.29%
Return on Equity Simple (ROE_SIMPLE)		 3.30% -71.16% -469.00% 54.53% -23.93% 8.44% 8.84% 19.44% 18.56% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 3.03 -11 -32 53 -15 3.80 13 28 14 93 9.17
NOPAT Margin		 4.78% -9.45% -46.01% 23.80% -41.76% 12.46% 36.58% 72.20% 41.84% 5.95% 0.53%
Net Nonoperating Expense Percent (NNEP)		 -0.28% -37.10% -19.80% 1.89% -4.69% 2.15% -0.34% 1.86% 10.98% 90.49% 5.03%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 13.99% 1.44%
Cost of Revenue to Revenue		 0.73% 0.17% 0.29% 0.10% 0.47% 0.55% 0.25% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 45.36% 39.03% 77.19% 18.88% 119.51% 59.28% 28.03% 29.75% 41.16% 17.90% 36.62%
R&D to Revenue		 23.32% 11.84% 17.02% 4.39% 21.81% 16.46% 11.83% 3.59% 0.83% 0.00% 0.00%
Operating Expenses to Revenue		 91.83% 14.25% 66.78% -23.88% 159.19% 92.16% 49.09% 36.51% 47.15% 17.90% 36.46%
Earnings before Interest and Taxes (EBIT)		 4.27 -15 -45 53 -21 2.89 17 24 18 118 26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 5.29 -14 -44 54 -19 4.82 17 25 18 153 69
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.63 5.29 20.41 2.64 2.69 4.54 1.27 1.37 1.21 0.76 0.68
Price to Tangible Book Value (P/TBV)		 3.64 5.32 21.16 2.64 2.69 4.54 1.27 1.37 1.21 1.65 1.43
Price to Revenue (P/Rev)		 4.96 2.59 2.85 1.19 6.27 9.53 5.13 5.64 6.51 0.15 0.12
Price to Earnings (P/E)		 110.12 4.02 8.61 0.96 0.00 53.73 14.41 7.07 6.50 0.18 0.19
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.73% 2.58% 3.96%
Earnings Yield		 0.91% 24.85% 11.61% 104.59% 0.00% 1.86% 6.94% 14.15% 15.38% 541.50% 537.50%
Enterprise Value to Invested Capital (EV/IC)		 11.52 0.00 0.00 0.00 0.00 51.74 0.00 0.00 0.00 0.85 0.79
Enterprise Value to Revenue (EV/Rev)		 3.94 1.79 2.18 0.63 3.78 7.57 0.99 1.30 0.80 0.27 0.21
Enterprise Value to EBITDA (EV/EBITDA)		 47.24 0.00 0.00 2.58 0.00 47.87 2.04 2.03 1.51 2.70 5.27
Enterprise Value to EBIT (EV/EBIT)		 58.47 0.00 0.00 2.62 0.00 79.88 2.05 2.05 1.52 3.51 13.95
Enterprise Value to NOPAT (EV/NOPAT)		 82.40 0.00 0.00 2.63 0.00 60.78 2.71 1.80 1.92 4.48 39.40
Enterprise Value to Operating Cash Flow (EV/OCF)		 24.87 9.20 0.00 1.98 0.00 10,485.74 1.99 1.24 1.32 0.00 6.12
Enterprise Value to Free Cash Flow (EV/FCFF)		 423.76 4.46 0.00 3.37 0.00 0.00 1.64 1.52 1.73 0.00 9.58
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.18 0.13
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.18 0.13
Financial Leverage		 -0.75 -1.09 -2.10 -1.57 -1.17 -1.01 -1.00 -1.04 -1.06 -0.13 -0.16
Leverage Ratio		 1.24 1.47 2.40 1.81 1.48 1.50 1.32 1.22 1.19 1.77 1.91
Compound Leverage Factor		 1.29 1.40 2.38 1.87 1.35 1.64 1.35 1.35 2.85 1.79 1.92
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 15.58% 11.12%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 15.58% 11.12%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 39.37% 42.33%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 45.05% 46.55%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.67 1.04
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.47 -1.60
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.67 1.04
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.11 7.74
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.78 -11.93
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.11 7.74
Altman Z-Score		 10.33 3.46 -2.70 6.17 2.60 5.00 3.80 5.02 5.11 2.46 2.45
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 34.29% 47.14%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.54 4.47 2.52 8.85 9.05 8.47 9.22 8.94 8.93 2.38 2.30
Quick Ratio		 4.36 4.34 2.48 8.21 7.86 7.03 8.41 8.42 8.42 0.99 1.02
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.59 45 -29 41 -35 -6.40 21 33 16 0.00 38
Operating Cash Flow to CapEx		 226.75% 6,426.24% -35,063.20% 94,491.89% -22,732.67% 46.81% 5,208.66% 0.00% 0.00% -551.23% 364.70%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.62 1.08 0.89 2.24 0.27 0.28 0.26 0.21 0.17 2.31 1.61
Accounts Receivable Turnover		 29.94 87.18 63.16 238.60 16.21 10.87 16.76 24.00 19.52 29.93 15.77
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 21.87 26.29 19.29 80.66 20.15 42.45 107.47 104.37 134.60 32.42 21.10
Accounts Payable Turnover		 0.70 0.06 0.03 0.04 0.08 0.35 1.17 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 12.19 4.19 5.78 1.53 22.52 33.57 21.78 15.21 18.70 12.20 23.14
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 523.30 6,115.14 11,670.74 8,588.38 4,746.07 1,040.68 313.15 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 -511.11 -6,110.95 -11,664.96 -8,586.85 -4,723.56 -1,007.11 -291.37 15.21 18.70 12.20 23.14
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 22 -34 -37 -25 -5.74 4.46 -3.91 -9.08 -11 487 458
Invested Capital Turnover		 3.10 -17.75 -1.94 -7.13 -2.32 -47.55 128.30 -5.92 -3.45 3.20 3.66
Increase / (Decrease) in Invested Capital		 2.44 -56 -2.45 12 20 10 -8.37 -5.17 -1.53 0.00 -29
Enterprise Value (EV)		 250 203 151 138 136 231 35 50 27 414 361
Market Capitalization		 315 292 197 263 225 290 180 217 221 226 201
Book Value per Share		 $3.06 $1.92 $0.33 $3.24 $2.63 $2.38 $4.28 $4.88 $5.75 $9.20 $8.98
Tangible Book Value per Share		 $3.05 $1.91 $0.32 $3.24 $2.63 $2.38 $4.28 $4.88 $5.75 $4.24 $4.24
Total Capital		 87 55 9.66 100 84 64 141 158 183 662 638
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 103 71
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 103 71
Net Debt		 -65 -90 -47 -125 -89 -60 -145 -167 -194 -72 -109
Capital Expenditures (CapEx)		 4.43 0.34 0.13 0.07 0.15 0.05 0.34 0.00 0.00 10 16
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -11 -17 -18 -4.44 5.64 6.05 -1.23 -7.34 -7.23 205 201
Debt-free Net Working Capital (DFNWC)		 54 73 29 120 95 66 137 142 153 366 382
Net Working Capital (NWC)		 54 73 29 120 95 66 137 142 153 366 382
Net Nonoperating Expense (NNE)		 0.17 29 13 -1.62 5.03 -1.61 0.35 -2.89 -20 -65 -4.56
Net Nonoperating Obligations (NNO)		 -65 -90 -47 -125 -89 -60 -145 -167 -194 -72 -109
Total Depreciation and Amortization (D&A)		 1.02 0.91 0.97 0.86 2.20 1.93 0.10 0.14 0.07 35 43
Debt-free, Cash-free Net Working Capital to Revenue		 -17.64% -14.82% -25.41% -2.00% 15.69% 19.86% -3.50% -19.09% -21.30% 13.15% 11.63%
Debt-free Net Working Capital to Revenue		 84.79% 64.54% 41.94% 54.38% 264.61% 215.29% 389.56% 370.23% 451.48% 23.52% 22.06%
Net Working Capital to Revenue		 84.79% 64.54% 41.94% 54.38% 264.61% 215.29% 389.56% 370.23% 451.48% 23.52% 22.06%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.10 ($1.37) ($1.55) $1.78 ($0.64) $0.19 $0.40 $0.92 $1.05 $1.94 $0.14
Adjusted Weighted Average Basic Shares Outstanding		 28.10M 28.76M 29.18M 30.46M 31.53M 28.12M 31.46M 33.28M 32.21M 32.22M 32.86M
Adjusted Diluted Earnings per Share		 $0.10 ($1.37) ($1.55) $1.73 ($0.64) $0.19 $0.39 $0.92 $1.04 $1.90 $0.14
Adjusted Weighted Average Diluted Shares Outstanding		 29.02M 28.76M 29.18M 31.41M 31.53M 28.48M 31.77M 33.51M 32.54M 33.00M 33.13M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 28.36M 28.98M 29.46M 30.85M 31.14M 60.18M 67.05M 32.31M 31.70M 0.00 33.19M
Normalized Net Operating Profit after Tax (NOPAT)		 3.03 -11 -31 53 -15 1.55 13 17 14 93 18
Normalized NOPAT Margin		 4.78% -9.45% -44.37% 23.80% -41.76% 5.10% 36.58% 44.45% 41.84% 5.95% 1.05%
Pre Tax Income Margin		 7.02% -12.83% -64.85% 24.71% -54.44% 10.37% 49.27% 70.11% 126.52% 7.67% 1.50%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 21.81% 8.14% 58.60%
Augmented Payout Ratio		 0.00% -1.85% -0.72% 0.00% -13.67% 567.34% 0.00% 43.17% 46.13% 9.65% 58.67%

Quarterly Metrics And Ratios for Immersion

This table displays calculated financial ratios and metrics derived from Immersion's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
DEI Shares Outstanding		 31,839,986.00 31,700,667.00 31,854,837.00 31,854,837.00 - - 32,396,432.00 32,396,432.00 32,396,432.00 32,396,432.00 33,100,452.00
DEI Adjusted Shares Outstanding		 31,839,986.00 31,700,667.00 31,854,837.00 31,854,837.00 - - 32,396,432.00 32,396,432.00 32,396,432.00 32,396,432.00 33,100,452.00
DEI Earnings Per Adjusted Shares Outstanding		 0.38 0.59 0.91 4.05 - - 41.17 5.81 -9.12 -8.20 43.84
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 13.27% 519.83% 1,323.80% 1,044.99% -100.00% 0.00% 0.00% 73.74% 0.00% 0.00% -18.54%
EBITDA Growth		 -13.37% 407.07% 720.42% 13.38% 133.30% 0.00% 0.00% -184.48% -36.67% -65.31% 92.17%
EBIT Growth		 -12.89% 409.79% 716.13% -18.39% 153.51% 0.00% 0.00% -294.39% -43.12% -85.85% 699.17%
NOPAT Growth		 -45.99% 354.75% 724.37% -39.72% 210.05% 0.00% 0.00% -344.11% -60.40% -89.49% 679.51%
Net Income Growth		 -18.84% 125.36% 197.89% 110.54% 166.33% 0.00% 0.00% -139.66% -58.25% -123.44% 14.51%
EPS Growth		 -15.25% 136.00% 323.81% 40.68% -6.74% 0.00% 0.00% -103.61% -61.29% -142.47% 120.34%
Operating Cash Flow Growth		 -1.15% 748.62% -1,742.59% -482.56% 0.00% 0.00% 0.00% 46.09% 40.15% 22.74% 67.36%
Free Cash Flow Firm Growth		 -55.75% 796.14% -9,728.25% -148.33% 106.45% 0.00% 0.00% -4,905.63% -147.93% 0.00% 0.00%
Invested Capital Growth		 -16.88% -124.77% 5,699.28% 0.00% 6.76% 0.00% 0.00% 0.00% 9.30% 2.56% -5.87%
Revenue Q/Q Growth		 9.47% 322.42% 126.75% 0.00% 0.00% 0.00% 0.00% 0.00% -100.00% 0.00% 0.00%
EBITDA Q/Q Growth		 -19.91% 229.54% 65.99% 0.00% 0.00% -43.78% -79.06% 0.00% 417.42% -68.98% 15.97%
EBIT Q/Q Growth		 -22.75% 229.90% 52.92% 0.00% 0.00% -59.31% -103.42% 0.00% 251.99% -87.56% 44.95%
NOPAT Q/Q Growth		 -5.28% 200.39% 45.72% 0.00% 0.00% -75.61% -102.54% 0.00% 240.20% -86.51% 40.20%
Net Income Q/Q Growth		 496.64% 16.67% 12.23% 0.00% 0.00% -65.16% -74.62% 0.00% 272.59% -137.69% 223.99%
EPS Q/Q Growth		 525.00% 18.00% 50.85% 0.00% 0.00% -43.37% -180.82% 0.00% 1,300.00% -186.11% 138.71%
Operating Cash Flow Q/Q Growth		 94.31% 282.27% -387.40% 0.00% 0.00% 0.00% 214.64% -223.06% 214.57% -147.80% 348.34%
Free Cash Flow Firm Q/Q Growth		 -13.73% 300.78% -1,951.87% 0.00% 0.00% -100.00% 0.00% 0.00% 96.88% 44.53% 449.77%
Invested Capital Q/Q Growth		 4.59% -75.39% 2,432.20% 0.00% 0.00% 9.95% -4.50% 0.00% -5.29% 3.17% -12.35%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 56.21% 0.00% 0.00% 120.86% 46.44% 0.00% 0.00% 154.42%
EBITDA Margin		 48.62% 37.93% 27.77% 3.76% 0.00% 0.00% 0.90% -1.83% 0.00% 0.00% 2.12%
Operating Margin		 48.52% 37.89% 25.55% 2.70% 0.00% 0.00% -0.11% -3.02% 0.00% 0.00% 0.84%
EBIT Margin		 48.52% 37.89% 25.55% 2.70% 0.00% 0.00% -0.11% -3.02% 0.00% 0.00% 0.84%
Profit (Net Income) Margin		 154.05% 42.55% 21.06% 7.82% 0.00% 0.00% 1.04% -1.79% 0.00% 0.00% 1.46%
Tax Burden Percent		 82.88% 75.47% 71.91% 179.45% 87.95% 52.73% -61.32% 32.22% 64.57% 296.46% 34.75%
Interest Burden Percent		 383.10% 148.79% 114.60% 161.43% 98.44% 140.59% 1,483.58% 183.43% 103.93% -68.57% 500.39%
Effective Tax Rate		 17.12% 24.53% 28.09% 44.26% 12.05% 47.27% 0.00% 0.00% 35.43% 0.00% 32.30%
Return on Invested Capital (ROIC)		 0.00% 0.00% 14.07% 0.00% 0.00% 0.00% -0.26% -15.24% 0.00% 0.00% 2.09%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 10.92% 0.00% 0.00% 0.00% -16.64% -65.95% 0.00% 0.00% -6.36%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% -3.11% 0.00% 0.00% 0.00% 2.15% 1.37% 0.00% 0.00% 1.03%
Return on Equity (ROE)		 19.94% 24.16% 10.95% 0.00% 0.00% 0.00% 1.89% -13.87% 0.00% 0.00% 3.11%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -92.46% 0.00% 0.00% 0.00% 0.00% -170.61% -3.40% 0.00% 7.99%
Operating Return on Assets (OROA)		 8.11% 12.13% 6.00% 0.00% 0.00% 0.00% -0.26% -4.61% 0.00% 0.00% 1.35%
Return on Assets (ROA)		 25.75% 13.61% 4.94% 0.00% 0.00% 0.00% 2.40% -2.73% 0.00% 0.00% 2.35%
Return on Common Equity (ROCE)		 19.94% 24.16% 7.36% 0.00% 0.00% 0.00% 1.24% -7.51% 0.00% 0.00% 1.65%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 22.02% 25.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 4.17 13 18 7.56 57 14 -0.84 -18 26 3.49 4.89
NOPAT Margin		 40.21% 28.59% 18.38% 1.51% 0.00% 0.00% -0.08% -2.12% 0.00% 0.00% 0.57%
Net Nonoperating Expense Percent (NNEP)		 6.56% 3.10% 3.14% 0.00% -16.01% 9.87% 16.38% 50.71% 2.35% -28.29% 8.45%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - 8.58% 1.95% -0.13% -2.58% 3.71% 0.50% 0.77%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 43.79% 0.00% 0.00% -20.86% 53.56% 0.00% 0.00% -54.42%
SG&A Expenses to Revenue		 0.00% 58.96% 14.60% 9.91% 0.00% 0.00% 3.49% 8.20% 0.00% 0.00% 5.43%
R&D to Revenue		 0.00% 0.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 88.77% 62.11% 101.23% 33.19% 0.00% 0.00% -7.27% 28.74% 0.00% 0.00% -16.02%
Earnings before Interest and Taxes (EBIT)		 5.04 17 25 14 64 26 -1.21 -26 40 4.99 7.23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 5.05 17 28 19 64 36 9.47 -16 51 16 18
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.21 1.16 1.30 0.00 0.87 0.85 0.75 0.74 0.69 0.73 0.68
Price to Tangible Book Value (P/TBV)		 1.21 1.16 2.46 0.00 1.34 1.25 1.63 1.61 1.43 1.57 1.43
Price to Revenue (P/Rev)		 6.51 3.32 1.83 0.00 0.00 0.00 0.14 0.11 0.11 0.11 0.12
Price to Earnings (P/E)		 6.50 5.29 4.78 0.00 0.00 0.00 0.24 0.17 0.17 0.17 0.19
Dividend Yield		 1.73% 1.82% 1.60% 1.39% 2.49% 4.54% 2.61% 2.66% 2.75% 3.16% 3.96%
Earnings Yield		 15.38% 18.91% 20.91% 0.00% 0.00% 0.00% 419.42% 585.30% 600.94% 579.81% 537.50%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 1.16 0.00 0.91 0.90 0.85 0.86 0.81 0.85 0.79
Enterprise Value to Revenue (EV/Rev)		 0.80 0.21 3.08 0.00 0.00 0.00 0.26 0.24 0.21 0.23 0.21
Enterprise Value to EBITDA (EV/EBITDA)		 1.51 0.46 9.03 0.00 0.00 0.00 2.68 3.86 4.60 7.40 5.27
Enterprise Value to EBIT (EV/EBIT)		 1.52 0.46 9.37 0.00 0.00 0.00 3.49 5.86 8.62 25.30 13.95
Enterprise Value to NOPAT (EV/NOPAT)		 1.92 0.61 12.40 0.00 0.00 0.00 4.45 5.83 15.45 36.14 39.40
Enterprise Value to Operating Cash Flow (EV/OCF)		 1.32 0.31 0.00 0.00 0.00 0.00 0.00 0.00 26.74 17.47 6.12
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.73 0.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.58
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.44 0.00 0.37 0.25 0.18 0.31 0.21 0.25 0.13
Long-Term Debt to Equity		 0.00 0.00 0.44 0.00 0.37 0.25 0.18 0.31 0.21 0.25 0.13
Financial Leverage		 -1.06 -1.07 -0.28 0.00 -0.01 -0.10 -0.13 -0.02 -0.08 -0.09 -0.16
Leverage Ratio		 1.19 1.20 2.33 0.00 2.76 2.42 1.77 2.31 2.55 2.48 1.91
Compound Leverage Factor		 4.56 1.79 2.67 0.00 2.72 3.40 26.33 4.24 2.65 -1.70 9.57
Debt to Total Capital		 0.00% 0.00% 30.47% 0.00% 26.90% 19.96% 15.58% 23.74% 17.59% 19.76% 11.12%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 30.47% 0.00% 26.90% 19.96% 15.58% 23.74% 17.59% 19.76% 11.12%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 31.94% 0.00% 26.00% 34.93% 39.37% 34.95% 38.33% 38.07% 42.33%
Common Equity to Total Capital		 100.00% 100.00% 37.59% 0.00% 47.10% 45.11% 45.05% 41.31% 44.08% 42.17% 46.55%
Debt to EBITDA		 0.00 0.00 3.36 0.00 0.00 0.00 0.67 1.43 1.37 2.31 1.04
Net Debt to EBITDA		 0.00 0.00 0.15 0.00 0.00 0.00 -0.47 -0.10 -0.76 -0.66 -1.60
Long-Term Debt to EBITDA		 0.00 0.00 3.36 0.00 0.00 0.00 0.67 1.43 1.37 2.31 1.04
Debt to NOPAT		 0.00 0.00 4.61 0.00 0.00 0.00 1.11 2.16 4.60 11.31 7.74
Net Debt to NOPAT		 0.00 0.00 0.20 0.00 0.00 0.00 -0.78 -0.14 -2.53 -3.23 -11.93
Long-Term Debt to NOPAT		 0.00 0.00 4.61 0.00 0.00 0.00 1.11 2.16 4.60 11.31 7.74
Altman Z-Score		 4.91 4.47 0.70 0.00 0.00 0.00 2.10 2.09 2.08 1.92 2.39
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 32.83% 0.00% 0.00% 0.00% 34.29% 45.83% 0.00% 0.00% 47.14%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 8.93 6.44 1.55 0.00 1.65 1.72 2.38 2.23 1.88 1.83 2.30
Quick Ratio		 8.42 6.15 0.63 0.00 0.85 0.95 0.99 0.93 1.02 1.08 1.02
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 5.71 23 -423 -11 27 0.00 0.00 -553 -17 -9.57 33
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% -4,424.49% 0.00% -1,715.70% 1,614.50% -1,650.24% 1,636.96% -905.15% 1,899.12%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.14 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 3.00 0.00 0.00 -4.02 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 2.82 0.00 0.00 -4.46 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.17 0.32 0.23 0.00 0.00 0.00 2.31 1.53 1.43 1.37 1.61
Accounts Receivable Turnover		 19.52 18.21 2.28 0.00 0.00 0.00 29.93 11.70 6.43 4.96 15.77
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.60 0.67 0.67 0.00
Fixed Asset Turnover		 134.60 319.87 2.76 0.00 0.00 0.00 32.42 21.84 20.24 21.70 21.10
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.05 0.77 0.79 0.00
Days Sales Outstanding (DSO)		 18.70 20.04 160.40 0.00 0.00 0.00 12.20 31.20 56.73 73.54 23.14
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 604.16 547.97 546.64 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 349.02 475.46 459.54 0.00
Cash Conversion Cycle (CCC)		 18.70 20.04 160.40 0.00 0.00 0.00 12.20 286.34 129.24 160.65 23.14
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -11 -19 434 0.00 463 509 487 535 506 523 458
Invested Capital Turnover		 -3.45 -5.26 0.77 0.00 0.00 0.00 3.20 7.20 3.97 3.73 3.66
Increase / (Decrease) in Invested Capital		 -1.53 -10 442 19 29 0.00 0.00 535 43 13 -29
Enterprise Value (EV)		 27 15 502 0.00 424 460 412 458 411 442 361
Market Capitalization		 221 235 298 377 271 270 223 219 212 215 201
Book Value per Share		 $5.75 $6.35 $7.23 $0.00 $9.66 $9.89 $9.20 $9.13 $9.47 $9.12 $8.98
Tangible Book Value per Share		 $5.75 $6.35 $3.81 $0.00 $6.31 $6.71 $4.24 $4.20 $4.57 $4.24 $4.24
Total Capital		 183 201 613 0.00 660 707 662 716 696 700 638
Total Debt		 0.00 0.00 187 0.00 178 141 103 170 123 138 71
Total Long-Term Debt		 0.00 0.00 187 0.00 178 141 103 170 123 138 71
Net Debt		 -194 -220 8.08 0.00 -19 -57 -72 -11 -67 -40 -109
Capital Expenditures (CapEx)		 0.00 0.00 0.00 2.59 0.00 2.55 3.10 3.74 4.32 3.73 4.42
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -7.23 -15 107 0.00 176 233 205 271 252 281 201
Debt-free Net Working Capital (DFNWC)		 153 164 241 0.00 336 387 366 439 439 459 382
Net Working Capital (NWC)		 153 164 241 0.00 336 387 366 439 439 459 382
Net Nonoperating Expense (NNE)		 -12 -6.12 -2.67 -32 0.89 -5.61 -12 -2.87 -1.02 14 -7.67
Net Nonoperating Obligations (NNO)		 -194 -220 8.08 0.00 -19 -57 -72 -11 -67 -39 -109
Total Depreciation and Amortization (D&A)		 0.01 0.02 2.20 5.30 0.00 10 11 10 11 11 11
Debt-free, Cash-free Net Working Capital to Revenue		 -21.30% -21.75% 65.85% 0.00% 0.00% 0.00% 13.15% 14.09% 13.08% 14.61% 11.63%
Debt-free Net Working Capital to Revenue		 451.48% 231.61% 147.63% 0.00% 0.00% 0.00% 23.52% 22.79% 22.77% 23.85% 22.06%
Net Working Capital to Revenue		 451.48% 231.61% 147.63% 0.00% 0.00% 0.00% 23.52% 22.79% 22.77% 23.85% 22.06%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.50 $0.60 $0.91 $0.00 $0.84 $0.48 ($0.60) ($0.03) $0.37 ($0.31) $0.11
Adjusted Weighted Average Basic Shares Outstanding		 32.21M 31.03M 31.88M 0.00 32.22M 32.29M 32.22M 32.62M 32.84M 32.94M 32.86M
Adjusted Diluted Earnings per Share		 $0.50 $0.59 $0.89 $0.00 $0.83 $0.47 ($0.59) ($0.03) $0.36 ($0.31) $0.12
Adjusted Weighted Average Diluted Shares Outstanding		 32.54M 31.41M 32.53M 0.00 32.92M 33.06M 33.00M 32.62M 33.24M 32.94M 33.13M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 31.70M 31.85M 32.18M 0.00 32.28M 32.40M 0.00 0.00 0.00 33.10M 33.19M
Normalized Net Operating Profit after Tax (NOPAT)		 4.17 13 20 10 57 14 -0.84 -16 26 4.20 4.89
Normalized NOPAT Margin		 40.21% 28.59% 20.10% 2.06% 0.00% 0.00% -0.08% -1.88% 0.00% 0.00% 0.57%
Pre Tax Income Margin		 185.87% 56.38% 29.28% 4.36% 0.00% 0.00% -1.70% -5.54% 0.00% 0.00% 4.21%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -0.07 0.00 0.00 0.59 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -0.05 0.00 0.00 0.42 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -0.26 0.00 0.00 0.15 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -0.24 0.00 0.00 -0.03 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 21.81% 10.14% 8.56% 0.00% 0.00% 0.00% 8.14% 11.00% 19.57% 57.97% 58.60%
Augmented Payout Ratio		 46.13% 10.14% 17.85% 0.00% 0.00% 0.00% 9.65% 13.31% 23.20% 84.08% 58.67%

Financials Breakdown Chart

Key Financial Trends

Immersion’s financial data shows a company with substantial liquidity and improving operating cash flow in the latest reported quarter, but the income-statement data is highly inconsistent. Several quarters report zero revenue, while other periods contain large discrepancies between net income, continuing operations and earnings per share. Investors should treat the reported earnings trends cautiously until the company’s filings are reconciled.

  • Operating cash flow improved sharply in the latest quarter. Q4 2026 operating cash flow was $83.8 million, up from $70.6 million in Q2 and a negative $33.8 million in Q3. This was the strongest quarterly operating cash-flow result in the provided 2025-2026 data.
  • Liquidity remains substantial. At January 31, 2026, Immersion held $129.8 million in cash and $48.1 million in short-term investments. Current assets of $1.01 billion exceeded current liabilities of $554.0 million, producing an approximate current ratio of 1.8.
  • The balance sheet has expanded since early 2024. Total assets increased from $244.7 million in Q1 2024 to $1.43 billion in Q3 2026. Common equity was $295.4 million at the latest reported balance-sheet date, excluding $266.6 million of noncontrolling interest.
  • Debt has declined from earlier levels on the balance sheet. Long-term debt fell from $186.6 million in Q2 2024 and $177.6 million in Q2 2025 to $138.4 million in Q3 2026, although the cash-flow statements show continued large debt refinancing activity.
  • Cash generation is highly dependent on working-capital movements. Operating cash flow swung from negative $114.4 million in Q1 2025 and negative $33.8 million in Q3 2026 to positive $83.8 million in Q4 2026. The latest improvement was driven substantially by a $63.7 million benefit from changes in operating assets and liabilities.
  • Investment activity has largely been a liquidity-management tool. Immersion has repeatedly purchased and sold investments. In Q4 2026, investment sales and maturities of $59.6 million exceeded investment purchases of $49.8 million, helping produce $5.4 million of net investing cash flow.
  • Financing activity continues to involve significant refinancing. In Q4 2026, the company repaid $276.3 million of debt while issuing $208.9 million, resulting in a $69.3 million financing cash outflow. Similar large debt issuances and repayments occurred in prior quarters, indicating ongoing dependence on refinancing decisions.
  • Reported profitability is extremely volatile. Common-shareholder results were reported as a $188.4 million profit in Q1 2026, followed by losses of $295.4 million in Q2 and $265.8 million in Q3. The Q4 2026 figure shows $1.45 billion attributable to common shareholders, but the reported diluted EPS was only $0.12, an arithmetic mismatch that makes the earnings trend unreliable.
  • Revenue and gross-profit figures contain major inconsistencies. Q2 and Q3 2026 report zero revenue, while Q1 2026 reports $872.2 million and Q4 2026 reports $858.5 million. The Q4 2026 gross profit of $1.33 billion also exceeds reported revenue, suggesting that the data may combine cumulative, restated or incorrectly standardized figures.
  • Working capital remains a potential risk. Accounts receivable reached $418.8 million and inventory was $373.1 million at January 31, 2026. Together, these balances represented the majority of current assets and could pressure cash flow if collections slow or inventory is not converted into revenue efficiently.

Overall, Immersion’s balance sheet and latest operating cash flow provide some financial support, but the company’s earnings quality is difficult to assess from the supplied statements. The most important items for investors to monitor are normalized revenue, recurring operating income, cash flow excluding working-capital swings, and whether debt repayments can continue without repeated refinancing.

08/14/26 12:32 PM ETAI Generated. May Contain Errors.

Immersion Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Immersion's fiscal year ends in April. Their fiscal year 2026 ended on April 30, 2026.

Immersion's net income appears to be on an upward trend, with a most recent value of $13.74 million in 2026, rising from $2.86 million in 2015. The previous period was $157.87 million in 2025. See where experts think Immersion is headed by visiting Immersion's forecast page.

Immersion's total operating income in 2026 was $25.91 million, based on the following breakdown:
  • Total Gross Profit: $1.73 billion
  • Total Operating Expenses: $631.00 million

Over the last 10 years, Immersion's total revenue changed from $63.39 million in 2015 to $1.73 billion in 2026, a change of 2,630.1%.

Immersion's total liabilities were at $484.94 million at the end of 2026, a 10.8% decrease from 2025, and a 901.4% increase since 2016.

In the past 10 years, Immersion's cash and equivalents has ranged from $24.62 million in 2017 to $138.29 million in 2026, and is currently $138.29 million as of their latest financial filing in 2026.

Over the last 10 years, Immersion's book value per share changed from 3.06 in 2015 to 8.98 in 2026, a change of 193.2%.


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Financial statements for NASDAQ:IMMR last updated on 7/24/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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