Immersion Corporation
IMMR · Price history
Price at last available close
$7.30
+$0.04 (+0.55%) 1M
2026-10-29
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Company & revenue
About Immersion Corporation
Primary reporting period: 2026-01-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Immersion Corporation, through its affiliated entities, specializes in the innovation, development, and licensing of haptic technologies. These advancements enable individuals to engage with and perceive digital products via their sense of touch across markets in North America, Europe, and Asia. The company's commercial portfolio includes technology, patent, and bundled licensing agreements.
How they make money
Immersion Corporation generates revenue primarily through the licensing of its proprietary haptic technology intellectual property to manufacturers of mobile devices, automotive systems, and gaming hardware. Additionally, following its acquisition of a controlling interest in Barnes & Noble Education, the company earns revenue through the operation of campus bookstores, the sale of course materials, and the provision of related educational and marketing services.
Products & services
The company provides haptic technology software, integration tools, and technical assistance for digital devices. It also operates campus bookstores and provides digital and physical textbooks, educational content, and general merchandise.
Brands & revenue mix
Retail brand for campus bookstores and educational materials.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer concentration
The company has historically experienced significant customer concentration due to its reliance on a limited number of large-scale licensees in the mobile and gaming sectors, as disclosed in the fiscal 2026 annual report.
Suppliers, materials & equipment
- Unnamed contract manufacturers — The company utilizes various third-party contract manufacturers for the production of hardware components related to its operations.Source
Strengths
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
55
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
45
Weak
Financial Strength
50
Business Quality / Moat
62
Management
26
Growth Quality
30
Risk / Durability
46
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
70
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
68/100
Building Historical Record
Model Score 68/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently moderate.
- •Asset quality scores strongly
- •Valuation scores attractively
- •Recent buyback activity is present
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for IMMR
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can IMMR maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can IMMR fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Does IMMR's balance between cash and debt leave enough flexibility if business conditions weaken?
- •Is IMMR's valuation discount tied to a temporary concern or to a longer-term business risk?
Essential Investment Snapshot
Wall Street Score
55
Opportunity Score
70
Market Cap
$242.4M
P/E Ratio
21.3
EPS
$0.34
52-Week High
$8.05
52-Week Low
$5.25
Beta
1.00
Intrinsic Value
$13.09
Analyst Target
$10.00
Shares Outstanding
32.9M
Total Revenue
$1.73B
Total Debt
$272.8M
Dividend Yield (TTM)
4.11%
Liquidation Value / Share
$16.98
Dividend / Share (TTM)
$0.30
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for IMMR
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on IMMR.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Extensive portfolio of haptic technology patents.
- +Diversified revenue streams following the acquisition of Barnes & Noble Education.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Software - Application industry.
- −Dependence on a limited number of licensees for a significant portion of IP revenue.
- −Risks associated with the integration and operational performance of Barnes & Noble Education.
- −Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
37
Aug 14, 2026
Change
+18.4
points
Current Score
55
Oct 1, 2026
Category Changes
IMMR increased 18.4 points because Revenue improved by 2.8 points, Capital improved by 12 points, Management improved by 6.5 points.
Positive Contributors
- + Revenue improved by 2.8 points
- + Capital improved by 12 points
- + Management improved by 6.5 points
- + Valuation improved by 86.8 points
- + Buffett improved by 10.2 points
Projected Score
Projected Score
53
Projected Change
-2.2 points
Preliminary comparable-period financial changes suggest decline of approximately 2.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$7.30
Model Intrinsic Value
$13.09
Difference
−$5.79
-44.2% vs IV
Margin of Safety
44.2%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2026 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.73B | $1.73B | $1.56B | $33.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $1.38B | $1.41B | $75.3M | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $352.1M | $325.1M | $1.48B | $33.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $281K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $232.6M | $296.9M | $1.33B | $15.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $323.2M | $296.9M | $1.36B | $16.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $75.9M | $80.8M | $168.9M | $43.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $28.9M | $28.1M | $117.9M | $17.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $11.2M | $12.9M | $9.6M | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $40.8M | $26.0M | $119.3M | $42.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $22.4M | $16.8M | $25.7M | $8.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $10.3M | $4.5M | $64.3M | $34.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $0.34 | $0.14 | $4.19 | $1.05 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 33.15M | 32.94M | 32.29M | 32.21M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 33.30M | 32.94M | 33.05M | 32.54M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$294.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.17
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-22.6%
Cash Change
+106.6%
Margin Change
+2.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
- Debt reduced
Potential Score Impact
Positive indicators included revenue growth, cash levels, debt levels, net income margin. Pressure indicators included EPS growth. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 0.8%. EPS declined 666.7%. Cash increased 106.6%. Total debt declined 22.6%. Net income margin improved by 2.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · IMMR
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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