Immersion Corporation

IMMR Technology Software Application

Immersion Corporation’s revenue for fiscal 2026 (year ended April 2026) was $1.7 billion, up 11.2% from fiscal 2025.

Revenue
+0.81%
EPS
+666.7%
Free cash flow
+27.9%
Total debt
−27.4%

Quarter to July 2026, against a year earlier

6.79 0.12 +1.80%
Market cap
$221.5M
P/E
19.3×
Fwd P/E
26.5×
Dividend yield
4.43%
F-score
n/a
Altman Z
2.45
Beneish M
−2.49
Dividend safety
45/100

Insider Decisions last twelve months

Bought, $m 0.29
Sold, $m 0.03
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — 1 —
Sell — — — — — — 1 — — — — —
Insider Ownership 18.29%

Capital & Financial Ratios $m

Size
Market Cap 221.49
Revenue ttm 1,733.06
Net income ttm 18.37
Free cash flow ttm 61.13
Net debt Q (86.00)
Valuation
P/E 19.34
Forward P/E 26.50
Price / sales 0.13
Forward P/S Powerpack
Price / FCF 3.67
Price / book 0.40
Financial health
Current ratio Q 2.14 (at or above 1.5: strong)
Debt / equity Q 0.22 (at or below 0.5: strong)
Interest coverage Q (11.09)
Growth
Revenue growth Q +0.81% (above 0%: growing)
Operating income growth Q +24.18% (above 0%: growing)
EPS, this year −86.09% (below 0%: weak)
EPS, next year A −72.36% (below 0%: weak)
Revenue, next year A −99.17% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +20.00% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 75.84%
10-year low 10-year high
P/S against its own 10 years 5.46%
10-year low 10-year high
P/B against its own 10 years 6.82%
10-year low 10-year high
EV/Sales against its own 10 years 2.42%
10-year low 10-year high
EV/FCF against its own 10 years 40.31%
10-year low 10-year high

Dividends

Yield
4.43%
Annual rate
0.30
Payout ratio
88.2%
Growth, 2023–26
+35.7%/yr
  1. 0.12 ’23
  2. 0.18 ’24 +50
  3. 0.14 ’25 −25
  4. 0.30 ’26 +122
paid change on the year, %

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash — 161 180 210
Receivables — 101 119 181
Inventory — 326 325 372
Other — — — —
— 632 675 811
2024 2025 2026 Q'26
Payables — 149 136 211
ST’ Debt — — — —
Other — 10 12 23
— 266 293 379

Compound Annual Growth %

10y 5y 3y
Sales 39.19% 124.34% 255.69%
Cash Flow 19.38% 385.05% 13.74%
Earnings 4.68% (3.52%) (47.19%)
Book Value 20.68% 54.73% 53.23%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — 0.14
’25 0.59 0.81 — — 1.90
’23 0.25 0.21 0.08 0.49 1.04
’22 0.15 (0.05) 0.23 0.60 0.92
’21 0.07 0.17 0.12 0.04 0.39
’20 (0.16) (0.03) 0.11 0.30 0.19
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — 1,731
’25 44 99 — — 1,556
’23 7 7 9 10 34
’22 7 8 14 9 38
’21 7 11 7 10 35
’20 6 6 8 11 30
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — 59
’25 30 (56) — — (58)
’23 4 9 4 8 21
’22 11 19 14 8 40
’21 4 9 2 7 17
’20 (1) (5) 2 3 0
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — 43
’25 30 (57) — — (68)
’23 4 9 4 8 21
’22 11 19 14 8 40
’21 4 9 2 6 17
’20 (1) (5) 2 3 0
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to April

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jul ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 35 111 36 30 35 38 34 — 1,556 1,731 1,733 +54.2% 14 — — (99.2%)
Gross margin, % 99.44 99.80 99.53 99.45 99.75 100.00 100.00 — 27.75 21.45 21.54 (78.0) pt
EBT (45) 55 (20) 3 17 27 43 — 119 26 41 n/m
EBT margin, % (127.98) 49.32 (54.44) 10.37 49.27 70.11 126.52 — 7.67 1.50 2.35 +129.5 pt
Net income (45) 54 (20) 5 12 31 34 — 94 9 18 n/m
Per share, $
Per share, $ Revenue 1.20 3.64 1.14 1.08 1.12 1.16 1.05 — 48.29 52.66 52.27 +52.2%
Earnings (1.55) 1.78 (0.64) 0.19 0.40 0.92 1.05 — 2.00 0.14 0.35 n/m
Cash flow (1.50) 2.30 (1.08) 0.00 0.55 1.21 0.64 — (1.79) 1.80 2.33 n/m
Capex 0.00 0.00 0.00 0.00 (0.01) 0.00 0.00 — (0.32) (0.49) (0.48) +69.4%
Free cash flow (1.51) 2.29 (1.09) 0.00 0.54 1.21 0.64 — (2.11) 1.30 1.84 n/m
Book value 0.33 3.27 2.66 2.28 4.49 4.74 5.68 — 17.34 17.27 16.87 +55.2%
Shares, m 29 30 32 28 31 33 32 — 32 33 33 +1.3%
Valuation, ×
Valuation, × P/E 0.00 4.85 0.00 50.27 14.29 8.08 6.80 — 3.67 40.87 19.34 14.3
P/S 5.91 2.46 6.52 10.42 5.12 6.55 6.73 — 0.15 0.12 0.13 4.9
P/B 21.42 2.74 2.80 4.96 1.27 1.60 1.25 — 0.42 0.36 0.40 4.1
EV/Sales 4.58 1.33 4.10 8.52 1.20 2.66 2.01 — 0.11 0.05 0.08 2.7
EV/FCF (2.75) 0.95 (3.52) (190.60) 1.97 2.01 2.83 — (2.52) 2.15 2.26 (21.1)
Cash, $m
Cash, $m Operating cash flow (44) 70 (34) 0 17 40 21 — (58) 59 77 n/m
Capex 0 0 0 0 0 0 — — (10) (16) (16) +71.7%
Free cash flow (44) 70 (34) 0 17 40 21 — (68) 43 61 n/m
Balance, $m
Balance, $m Working capital 29 120 95 66 137 142 153 — 366 382 432 +33.2%
Net debt (47) (125) (87) (58) (137) (150) (160) — (58) (109) (86) +10.0%
Shareholders’ equity 10 100 84 64 141 158 183 — 559 567 559 +57.2%
Returns, %
Returns, % ROA (58.16) 54.90 (14.80) 4.89 9.19 16.77 16.74 — 9.51 0.42 0.85 +58.6 pt
ROIC 0.00 0.00 0.00 22.61 283.11 190.35 49.27 — 14.74 3.54 4.26 +3.5 pt
ROE (139.36) 99.42 (21.86) 7.31 12.16 20.51 19.94 — 16.89 0.80 1.87 +140.2 pt
People
People Employees 81 64 56 54 26 20 14 — 8 8 — (22.7%)
Revenue/emp, $m 0.43 1.73 0.64 0.56 1.35 1.92 2.42 — 194.48 216.34 — +99.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Apr 2026 · latest quarter Jul 2026 · fundamentals updated 2 Nov 2026

Immersion Corporation vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
AZ A2Z Cust2Mate Solutions Corp. $255.4M — (loss-making) — (loss-making) +408.97% (above 0%: growing) n/m −105.27% (below 0%: shrinking) 42.55% (128.56%) Compare
RBBN Ribbon Communications Inc. $247.3M 12.3× — (loss-making) +1.55% (above 0%: growing) n/m −174.05% (below 0%: shrinking) 48.25% 2.56% Compare
GLOO Gloo Holdings, Inc. $247.1M — (loss-making) — (loss-making) +187.97% (above 0%: growing) n/m +49.40% (above 0%: growing) 36.02% (44.02%) Compare
SVCO Silvaco Group, Inc. $228.1M — (loss-making) — (loss-making) −12.74% (below 0%: shrinking) n/m +90.45% (above 0%: growing) 83.99% (26.33%) Compare
KLTR Kaltura, Inc. $225.8M — (loss-making) — (loss-making) +5.47% (above 0%: growing) n/m −206.36% (below 0%: shrinking) 73.65% (1.65%) Compare
IMMR Immersion Corporation $221.5M 19.3× 26.5× +0.81% (above 0%: growing) n/m +27.93% (above 0%: growing) 20.51% (6.79%)
CURR Currenc Group Inc. $208.8M — (loss-making) — (loss-making) −21.81% (below 0%: shrinking) n/m +36.06% (above 0%: growing) 42.74% (46.55%) Compare
EXFY Expensify, Inc. $203.3M — (loss-making) — (loss-making) −5.83% (below 0%: shrinking) n/m −200.52% (below 0%: shrinking) 45.22% (8.10%) Compare
DMRC Digimarc Corporation $199.3M — (loss-making) — (loss-making) −7.77% (below 0%: shrinking) n/m +80.94% (above 0%: growing) 58.20% (167.35%) Compare
Median of peers $226.9M — — −2.14% — −34.60% 46.74% (35.17%)

All 230 Software Application stocks →

Pay and ownership Proxy statement filed 28 August 2026

Ownership

Directors and executive officers, together 10.60%
Irrevocable Larson Family Investment Trust 7.10% of the votes
BlackRock, Inc. 6.70% of the votes
Eric Singer 5.50%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Immersion Corporation (IMMR) Latest News

26 Mar

Impact 3 · · Associated Press Finance

16 Dec

Impact 4 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

7 May

15 Mar

Impact 3 · · Simply Wall St.

14 Mar

12 Mar

Impact 3 · · Associated Press Finance
stockrow.com/IMMR · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com