IMMR Financials IMMERSION CORP

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated 55 d ago Overview →

Growth & profitability

Revenue has grown 118.1% per year over the past 5 years.
Net income has grown slower than revenue (-18.4% vs 118.1% per year).
Operating margin has contracted, at 1.5% in the latest year.
Free cash flow has grown 20.2% per year over the past 5 years.

Financial health

The company holds more cash ($138M) than total debt ($71M).
Total debt has grown slower than revenue (-31.1% vs 118.1% per year).
Operating income covered interest expense 2.1× in the latest year.
Total debt is 1.0× EBITDA.

Shareholder returns

Dividends have been paid for 3 consecutive years, consuming 177.9% of earnings and 18.8% of free cash flow.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$1.7B	$5M	0.0%	1.5%	1.5%	0.4%	$43M	$71M	$138M
2025	$1.6B	$64M	0.0%	7.6%	21.6%	5.8%	-$69M	$103M	$73M
2023	$34M	$34M	0.0%	52.9%	18.6%	15.7%	$21M	—	$56M
2022	$38M	$31M	100.0%	63.5%	19.4%	16.1%	$40M	—	$49M
2021	$35M	$12M	99.7%	50.7%	8.8%	7.1%	$17M	—	$51M
2020	$30M	$5M	99.4%	7.3%	8.4%	5.6%	-$25000	—	$60M
2019	$36M	-$20M	99.5%	-59.7%	-23.9%	-16.1%	-$34M	—	$86M
2018	$111M	$54M	99.8%	47.8%	54.5%	37.2%	$70M	—	$111M
2017	$35M	-$45M	99.4%	-129.7%	-469.0%	-87.1%	-$44M	—	$25M
2016	$57M	-$39M	99.7%	-26.7%	-71.2%	-38.0%	$22M	—	$57M
2015	—	$3M	—	—	3.3%	2.7%	$6M	—	$25M
2014	—	$4M	—	—	5.4%	4.2%	-$488000	—	$14M
2013	—	$40M	—	—	49.8%	36.3%	$21M	—	$14M
2012	—	-$7M	—	—	-24.6%	-15.0%	-$8M	—	$5M
2011	—	-$3M	—	—	-9.1%	-4.6%	-$1M	—	$7M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Apr '26	$270M	$4M	0.0%	2.7%	1.3%	0.4%	$79M	$71M	$138M
Jan '26	$518M	-$10M	0.0%	1.0%	-3.5%	-0.7%	-$37M	—	$130M
Oct '25	$650M	$12M	0.0%	6.2%	3.9%	0.9%	$66M	—	$127M
Jul '25	$292M	-$930000	0.0%	-9.0%	-0.3%	-0.1%	-$65M	—	$90M
Apr '25	$285M	-$18M	0.0%	-0.4%	-5.9%	-1.6%	$47M	$103M	$73M
Jan '25	$471M	$24M	0.0%	7.5%	7.6%	1.7%	-$46M	—	$78M
Oct '24	$616M	$31M	0.0%	11.4%	10.1%	2.3%	$48M	—	$81M
Jul '24	$183M	$27M	0.0%	7.4%	—	—	-$117M	—	$58M
Jun '24	$95M	$26M	0.0%	23.7%	9.7%	2.1%	-$89M	—	$36M
Apr '24	$46M	$18M	0.0%	35.0%	8.8%	7.2%	$32M	—	$86M
Mar '24	$44M	$19M	0.0%	37.9%	9.3%	7.6%	—	—	$91M
Dec '23	$10M	$16M	0.0%	48.5%	8.7%	7.4%	$8M	—	$56M
Sep '23	$9M	$3M	0.0%	68.8%	1.6%	1.3%	$4M	—	$29M
Jun '23	$7M	$7M	0.0%	44.6%	4.1%	3.5%	—	—	$26M
Mar '23	$7M	$8M	0.0%	46.1%	5.0%	4.2%	—	—	$27M
Dec '22	$9M	$20M	100.0%	63.1%	12.5%	10.4%	$8M	—	$49M
Sep '22	$14M	$8M	100.0%	78.0%	5.4%	4.5%	$14M	—	$37M
Jun '22	$8M	-$2M	100.0%	51.4%	-1.3%	-1.0%	$8M	—	$57M
Mar '22	$7M	$5M	99.9%	49.3%	3.5%	2.8%	$11M	—	$63M
Dec '21	$10M	$1M	99.9%	59.5%	0.9%	0.8%	$6M	—	$51M

Valuation over time

How the market has priced IMMR against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 9.7× (Mar '23) to 55.4× (Sep '26).
The price-to-sales ratio has fallen from 7.7× (Mar '23) to 0.1× (Sep '26).
The dividend yield has fallen from 3.3% (Jan '24) to 3.2% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is IMMR growing its revenue and profit?

Over the past 5 years, IMMERSION CORP's revenue has grown 118.1% per year, and net income declined 18.4% per year. These are computed facts, not advice.

How much debt does IMMR have?

As of FY2026, IMMERSION CORP reported $71M of total debt against $138M of cash; operating income covered interest expense 2.1×.

What is IMMR's profit margin?

In FY2026, gross margin was —, operating margin 1.5%, and net margin 0.3%.

What is IMMR's P/E ratio?

As of Sep '26, IMMERSION CORP traded at a price-to-earnings ratio of about 55.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.