IMMR · NasdaqGS
Software - Application · United States
Snapshot 2026-09-20 · Latest financial period 2026-07-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-12-15 (provider estimate, not issuer-confirmed).
Immersion Corporation, together with its subsidiaries, engages in the business of intellectual property (IP) that engages user sense of touch when operating digital devices in North America, Europe, and Asia. It operates through two segments, Immersion and Barnes & Noble Education. The company offers software, related tools, and technical assistance related to integrating its patented technology; educational content and general merchandise, and digital and physical textbooks through its bookstore locations, including virtual bookstores, and bookstore-affiliated e-commerce websites; and marketing services, including promotional activities and advertisements, as well as operates as a textbook wholesaler, and bookstore management hardware and software provider. It also provides BNC First Day access course material programs, including First Day Complete and First Day, which provide faculty-required course materials to students on or before the first day of class. It serves various markets, such as mobile devices, wearables, consumer, mobile entertainment, and other content; console gaming; automotive; medical; and commercial. Immersion Corporation was incorporated in 1993 and is headquartered in Aventura, Florida.
Company websiteQ1 FY2027
Published 2026-09-17
Short takes Q1 FY2027
IMMR Stock: What Is Recurring? — Q1 FY2027 #Shorts
Watch Short on YouTube
Q1 FY2027 REPORT HIGHLIGHTS
Immersion returned to attributable profit, but investment gains, a minority-owned consolidated retailer and written options complicate the apparent cash bargain.
Haptic operating profit was $0.306M; $13.763M of investment and derivative gains supported other income.
Immersion consolidates BNED while owning 32.3%; the other shareholders receive most of that subsidiary’s economics.
Our conservative parent liquid bridge deducts all $54.375M of parent liabilities, including written options, from cash and marketable equities.
Nasdaq closed the late-filing matter in May, while management still describes July controls as ineffective.
Our $7.50 base is close to the $7.12 dated price. A conditional entry near $5.63 requires the asset and operating thesis to remain intact.
Comparable businesses
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.
| Metric | IMMRImmersion CorporationSnapshot 2026-09-20Financial period: 2026-07-31 |
|---|---|
| Market capMarket value, converted to USD | US$239.42M |
| Forward P/EProvider forward earnings estimate | 13.11x |
| EV / EBITDAEnterprise value / trailing EBITDA | 8.76x |
| Revenue growthLatest quarter vs prior-year quarter | 0.8% |
| Operating marginLatest reported quarter | -6.8% |
| Free cash flow yieldTrailing cash flow / market cap | 29.1% |
| Net debt / EBITDANet debt / trailing EBITDA | 0.98x |
| Debt / equityTotal debt / positive book equity | 0.49x |
| Trailing P/ETrailing twelve-month earnings | 21.21x |
| Price / bookPrice / positive book equity per share | 0.80x |
| EV / salesEnterprise value / trailing revenue | 0.33x |
| Earnings growthLatest quarter vs prior-year quarter | — |
| Gross marginTrailing twelve months | 21.5% |
| Net marginTrailing twelve months | 0.6% |
| Return on equityProvider trailing return; positive equity only | 3.3% |
| Free cash flow marginTrailing free cash flow / revenue | 4.0% |
| Dividend yieldIndicated annual dividend / price | 4.2% |
| Earnings payoutProvider trailing dividend payout | 79.4% |
| Current ratioCurrent assets / current liabilities | 2.14x |
| BetaProvider historical market sensitivity | 1.00 |
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
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Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
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Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
FREE RESEARCH PACKET · Q1 FY2027
Immersion returned to attributable profit, but investment gains, a minority-owned consolidated retailer and written options complicate the apparent cash bargain.
Research published September 17, 2026 · Download original report
Read Research PacketPresentation · 2026-09-17 · YouTube
Short takes Q1 FY2027
IMMR Stock: What Is Recurring? — Q1 FY2027 #Shorts
Watch Short on YouTube
Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.
