Tearsheet

Immersion (IMMR)

Market Price (12/4/2025): $6.78 | Market Cap: $219.0 Mil
Sector: Information Technology | Industry: Application Software

Immersion (IMMR)

Market Price (12/4/2025): $6.78
Market Cap: $219.0 Mil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 40%, Dividend Yield is 4.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 36%	Weak multi-year price returns 2Y Excs Rtn is -38%, 3Y Excs Rtn is -66%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 66%
1	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 3539%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -88%
3	Low stock price volatility Vol 12M is 40%
4	Megatrend and thematic drivers Megatrends include Experience Economy & Premiumization, Digital Content & Streaming, and Electric Vehicles & Autonomous Driving. Themes include Haptic User Experience, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 40%, Dividend Yield is 4.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 36%
1	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 3539%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -88%
3	Low stock price volatility Vol 12M is 40%
4	Megatrend and thematic drivers Megatrends include Experience Economy & Premiumization, Digital Content & Streaming, and Electric Vehicles & Autonomous Driving. Themes include Haptic User Experience, Show more.
5	Weak multi-year price returns 2Y Excs Rtn is -38%, 3Y Excs Rtn is -66%
6	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 66%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$6.78	$8.32	$6.58	$6.36	$5.17
Market Cap CYE ($ Mil)	219.0	268.2	211.2	205.6	174.5
Total Debt ($ Mil)	322.1	0.0	0.0	0.5	1.1
Total Cash ($ Mil)	153.9	178.4	160.4	149.7	137.9
Enterprise Value ($ Mil)	387.2	268.2	211.2	206.1	175.6
Valuation Ratios
P/S TTM	0.2	6.0	6.7	6.1	5.1
P/EBIT TTM	1.6	11.1	12.7	9.6	10.1
P/E TTM	2.8	15.6	6.7	7.6	14.4
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$6.78	$8.32	$6.58
Market Cap CYE ($ Mil)	219.0	268.2	211.2
Total Debt ($ Mil)	322.1	0.0	0.0
Total Cash ($ Mil)	153.9	178.4	160.4
Enterprise Value ($ Mil)	387.2	268.2	211.2
Valuation Ratios
P/S TTM	0.2	6.0	6.7
P/EBIT TTM	1.6	11.1	12.7
P/E TTM	2.8	15.6	6.7
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	IMMR	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	1.2
Rev Chg Q	4,473.8%	7.1%
Rev Chg LTM	3,538.9%	6.1%
Rev Chg 3Y Avg	1,178.9%	5.5%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	�
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	10.4%	18.8%
Net Inc Mgn	7.3%	13.1%
VALUATION	VERY LOW
P/S	0.2	3.2
P/E	2.8	23.5
STABILITY	FAIR
Debt/Equity	1.27	0.20
Cash/Assets	0.11	0.07

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Metric	Value	Date	Source
Number of Issued or Pending Patents	Approximately 3,200	12312019	Link
Number of Campus Stores Utilizing First Day Complete	191	3102025	Link
Total Student Enrollment in First Day Complete	Approximately 957,000	3102025	Link

Upcoming
12/15/2025	Earnings Release	Rev: - EPS: -

IMMR Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Here are key points regarding Immersion (IMMR) stock movement between August 31, 2025, and December 4, 2025, considering a reported -3.3% decline: 1. Nasdaq Delinquency Notices: Immersion received multiple delinquency notices from Nasdaq. The first was on August 20, 2025, for failing to timely file its Annual Report (Form 10-K) for the fiscal year ended April 30, 2025. A subsequent notice was issued on September 29, 2025, for failing to timely file its Form 10-Q for the quarter ended July 31, 2025. These delays stemmed from an ongoing internal investigation by the audit committee of Barnes & Noble Education (BNED), a subsidiary of Immersion, and related consolidation work. The company had until October 20, 2025, to submit a compliance plan.

2. Shareholder Rights Plan Adoption: On November 10, 2025, Immersion's Board of Directors adopted a temporary shareholder rights plan to protect the long-term interests of all shareholders. This plan was adopted after the Board received a letter from a shareholder, Scott A. Larson, on November 3, 2025, and cited concerns about inaccuracies in that letter. The plan is designed to deter coercive takeover tactics.

3. Pause in Share Repurchase Program and Closed Insider Trading Window: Concurrently with the adoption of the shareholder rights plan, Immersion paused its share repurchase program and maintained a closed insider trading window. This indicates a period of heightened caution or uncertainty within the company.

4. Technical Signals and Forecasts: As of December 3, 2025, Immersion's overall moving average trend leaned bearish, with the short-term Moving Average showing a sell signal. Forecasts for Immersion's stock in December 2025 predicted a generally negative trend, with some analysts anticipating a further decline. Despite some positive short-term signals, the stock was noted to be in a falling trend, suggesting a potential for further declines in the coming months.

5. Analyst Ratings and Price Targets: While some analysts maintained a "Moderate Buy" or "Strong Buy" consensus rating for IMMR with an average price target significantly above the current price, these ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. The discrepancy between the negative stock movement and generally positive analyst targets suggests that the market may be reacting more strongly to the recent operational and compliance issues.

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Stock Movement Drivers

Fundamental Drivers

The -2.6% change in IMMR stock from 9/3/2025 to 12/3/2025 was primarily driven by a -2.6% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	6.96	6.78	-2.65%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1234.28	1234.28	0.00%
Net Income Margin (%)	7.31%	7.31%	0.00%
P/E Multiple	2.49	2.43	-2.65%
Shares Outstanding (Mil)	32.29	32.29	0.00%
Cumulative Contribution			-2.65%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
IMMR	-2.6%
Market (SPY)	6.2%	49.1%
Sector (XLK)	11.0%	36.0%

Fundamental Drivers

The -10.8% change in IMMR stock from 6/4/2025 to 12/3/2025 was primarily driven by a -10.8% change in the company's P/E Multiple.

	6042025	12032025	Change
Stock Price ($)	7.60	6.78	-10.82%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1234.28	1234.28	0.00%
Net Income Margin (%)	7.31%	7.31%	0.00%
P/E Multiple	2.72	2.43	-10.82%
Shares Outstanding (Mil)	32.29	32.29	0.00%
Cumulative Contribution			-10.82%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
IMMR	-10.8%
Market (SPY)	15.1%	44.2%
Sector (XLK)	22.7%	35.0%

Fundamental Drivers

The -21.2% change in IMMR stock from 12/3/2024 to 12/3/2025 was primarily driven by a -82.0% change in the company's Net Income Margin (%).

	12032024	12032025	Change
Stock Price ($)	8.60	6.78	-21.16%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	163.13	1234.28	656.61%
Net Income Margin (%)	40.62%	7.31%	-82.00%
P/E Multiple	4.14	2.43	-41.34%
Shares Outstanding (Mil)	31.88	32.29	-1.30%
Cumulative Contribution			-21.17%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
IMMR	-21.2%
Market (SPY)	14.3%	53.6%
Sector (XLK)	23.1%	50.4%

Fundamental Drivers

The -5.3% change in IMMR stock from 12/4/2022 to 12/3/2025 was primarily driven by a -87.4% change in the company's P/E Multiple.

	12042022	12032025	Change
Stock Price ($)	7.16	6.78	-5.30%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	39.04	1234.28	3061.26%
Net Income Margin (%)	31.50%	7.31%	-76.79%
P/E Multiple	19.33	2.43	-87.45%
Shares Outstanding (Mil)	33.20	32.29	2.73%
Cumulative Contribution			-5.37%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
IMMR	11.7%
Market (SPY)	53.2%	42.7%
Sector (XLK)	60.2%	39.6%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
IMMR Return	52%	-49%	23%	3%	26%	-19%	1%
Peers Return	13%	-2%	-7%	5%	55%	836%	1483%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
IMMR Win Rate	42%	25%	50%	58%	33%	40%
Peers Win Rate	13%	10%	9%	30%	44%	36%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
IMMR Max Drawdown	-40%	-54%	-23%	-10%	-6%	-32%
Peers Max Drawdown	-5%	-4%	-8%	-15%	-8%	-51%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: ADSK, HIT, BMR, BTTC, CCC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	IMMR	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-72.3%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	260.8%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-45.4%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	83.1%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	151 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-62.1%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	163.8%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-88.6%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	779.8%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	Not Fully Recovered days	1480 days

Compare to ADSK, HIT, BMR, BTTC, CCC

In The Past

Immersion's stock fell -72.3% during the 2022 Inflation Shock from a high on 2/9/2021. A -72.3% loss requires a 260.8% gain to breakeven.

Preserve Wealth

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Asset Allocation

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About Immersion (IMMR)

Immersion Corporation, together with its subsidiaries, invents, scales, and licenses haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses. It also provides software development kits (SDKs) comprising tools, integration software, and effect libraries that allow for the design, encoding, and playback of tactile effects in content. In addition, the company offers reference designs and reference technology, engineering and integration services, and software and firmware services. The company offers its products to mobile communications, wearables, and consumer electronics; gaming and virtual reality (VR); automotive; and other markets. Immersion Corporation was incorporated in 1993 and is headquartered in Aventura, Florida.

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Here are 1-3 brief analogies for Immersion (IMMR):

Dolby for touch technology
Qualcomm for haptic feedback

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Haptic Technology Licensing: Immersion licenses its extensive portfolio of patents and proprietary haptic technologies, enabling companies to integrate realistic touch feedback into their products across various industries.
Haptic Software Development Kits (SDKs) and Tools: They provide software development kits and tools that allow developers to easily implement and customize haptic effects in applications and devices.

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Immersion (IMMR) Major Customers

Immersion (IMMR) sells primarily to other companies, licensing its haptic technology intellectual property (patents, software, and development tools) to manufacturers across various industries. While Immersion's public filings often state that no single customer consistently accounts for a dominant portion of its revenue and does not typically name specific licensees due to confidentiality, their technology is widely adopted by leading global manufacturers. Based on public knowledge of haptic technology integration and historical licensing agreements and disputes, the following are prominent examples of companies that integrate Immersion's haptic technology or are major players in markets where Immersion's IP is critical: * **Sony Group Corporation** (NYSE: SONY) * Sony has been a significant licensee, integrating Immersion's haptic technology into its PlayStation controllers, such as the DualSense controller for the PlayStation 5, which features advanced haptic feedback. * **Microsoft Corporation** (NASDAQ: MSFT) * Microsoft's Xbox controllers also utilize sophisticated haptic feedback, often leveraging licensed technologies including those from Immersion. * **Nintendo Co., Ltd.** (OTC: NTDOY) * Nintendo has incorporated advanced haptics, such as the "HD Rumble" in its Joy-Con controllers for the Switch console, which has involved licensing of haptic technology. Immersion also licenses its technology to numerous other companies in sectors such as mobile devices, automotive (for infotainment systems and controls), virtual reality, and other consumer electronics.

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Eric Singer, Chief Executive Officer, President & Chairperson

Eric Singer was appointed CEO, President, and Chairman of Immersion in January 2023. He joined Immersion's board of directors in March 2020 and served as Executive Chairman from August 2020 to January 2023. Mr. Singer is the founder of VIEX Capital Advisors, an investment management service provider established in 2014. He is known as an activist investor focused on maximizing shareholder value through operational improvements and strategic mergers and acquisitions. He has served on numerous public company boards, including Universal Electronics Inc., A10 Networks Inc., Quantum Corporation, Numerex Corp., RhythmOne PLC, YuMe, Inc., Support.com, Inc., Meru Networks, Inc., PLX Technology, Inc., and Sigma Designs, Inc.

J. Michael Dodson, Chief Financial Officer & Treasurer

J. Michael Dodson serves as the Chief Financial Officer and Treasurer of Immersion Corporation, a position he has held since 2023. He has extensive financial and leadership experience, including serving as CFO at Quantum Corporation from 2018 to 2023, where he was involved in a significant turnaround, and as Lead Independent Director and Audit Committee Chairman at Sigma Designs. Mr. Dodson has held CFO roles at various other technology companies, navigating challenges such as IPOs, restructurings, and SEC investigations. His background includes experience across different ownership structures, including public, venture capital, and private equity.

William Martin, Chief Strategy Officer & Director

William C. Martin joined Immersion's board of directors in August 2019 and has served as its Chief Strategy Officer since December 2021. He has a substantial background as an investor, entrepreneur, and board member. Mr. Martin previously managed a private investment fund for Raging Capital Management from 2006 to 2020. As an entrepreneur, he co-founded several financial information companies, including Raging Bull in 1997 and InsiderScore in 2004. He has served on numerous public company boards, including Bankrate, Inc. (acquired in 2009), Salary.com, Inc. (acquired in 2010), and Vitesse Semiconductor Corp. (acquired in 2015). Mr. Martin also manages his personal family office, Raging Capital Ventures, and is a Senior Advisor to Princeton Equity Group, a private equity firm.

Francis Jose, General Counsel

Francis M. Jose served as General Counsel at Immersion Corp. from 2009 to 2023. He also held the role of Chief Executive Officer at Immersion Corporation until March 2023, after which he returned to the role of General Counsel to oversee intellectual property licensing efforts. Prior to joining Immersion, Mr. Jose worked as an Associate at Morrison & Foerster LLP from 2003 to 2009, a law firm specializing in litigation, financial services, intellectual property, and technology.

Leonard Wood, Chief Accounting Officer

Leonard Wood serves as the Chief Accounting Officer for Immersion Corp. He has been identified as an Interim Chief Financial Officer in past insider trading reports for Immersion.

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Immersion (IMMR) operates within the broader haptic technology market, licensing its haptic innovations and software across various sectors. The addressable markets for its main products and services, which include haptic feedback in consumer electronics, gaming, automotive, and medical applications, are substantial globally and in key regions.

Addressable Market Sizes for Immersion's Main Products and Services:

Global Haptic Technology Market:
- The global haptic technology market was valued at USD 10.79 billion in 2024 and is projected to reach approximately USD 30.91 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 11.10% from 2024 to 2034.
- Other estimates place the global haptic technology market at USD 4.62 billion in 2025, expected to reach USD 8.5 billion by 2030, with a CAGR of 12.92%. Another report estimates the market at USD 6.61 billion in 2025, growing to USD 8.21 billion by 2030 at a CAGR of 4.5%. In 2024, the market was valued at USD 4.3 billion, with a projected growth to USD 6.1 billion by 2034 at a CAGR of 3.6%.
- The broader global haptics market was estimated at USD 19.6 billion in 2023, with projected growth to USD 39.2 billion by 2028.
Regional Haptic Technology Markets:
- North America: The North America haptic technology market size was calculated at USD 4.64 billion in 2024 and is expected to grow at the fastest CAGR of 11.21% during the forecast period.
- United States: The U.S. haptic technology market was evaluated at USD 3.25 billion in 2024 and is predicted to be worth around USD 9.47 billion by 2034, rising at a CAGR of 11.30%. Another source indicates the U.S. market for haptic technology is projected to grow at a CAGR of about 3.5% through the forecast period, reaching around USD 2.26 billion by 2034 from approximately USD 1.6 billion. The U.S. haptic technology market accounted for 87.4% of the revenue share in 2024.
- Asia-Pacific: This region accounted for 42.4% of the haptic technology market share in 2024 and is forecast to record the highest 14.9% CAGR to 2030.
Haptic Technology Market by Application:
- Consumer Electronics (Global): This segment holds the largest market size in the haptic technology market. It captured 57.7% of the haptic technology market size in 2024 and dominated the global market with a share of 31% in 2024.
  - Smartphones: USD 1.8 billion by 2025.
  - Wearables: USD 1.2 billion by 2025.
  - Smartwatches: USD 650 million by 2025.
- Gaming and Extended Reality (XR) Devices (Global): This segment is growing at an 18.5% CAGR. The global gaming haptics market is projected to reach USD 2.6 billion by 2027.
- Virtual Reality (VR) and Augmented Reality (AR) Haptic Technology Market (Global): This market is expected to reach USD 12.9 billion by 2025. Immersion reported USD 24.3 million in VR/AR technology licensing revenue for 2023.
- Automotive Haptics Market (Global): This market is projected to reach USD 3.2 billion by 2028, with a CAGR of 18.5%.
- Medical Simulation Haptics Market (Global): This market is expected to reach USD 4.5 billion by 2026.

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Immersion (IMMR) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

Integration and Growth of Barnes & Noble Education (BNED): A significant driver of Immersion's recent and projected revenue growth is the acquisition of a controlling interest in Barnes & Noble Education (BNED) in June 2024. The consolidation of BNED's financials has substantially increased Immersion's total revenue. Future growth is anticipated from the continued expansion of BNED's "First Day Complete" program and the broader adoption of its digital and affordable access offerings in the education sector.
Expansion of Haptic Technology Licensing in Automotive and Gaming: Immersion's core business of licensing haptic technology is expected to see continued growth, particularly within the automotive and gaming sectors. The company has secured new license agreements in the automotive industry, and the increasing integration of haptic feedback to enhance user experiences in these markets is a positive trend.
Increasing Adoption of Haptics in Mobile and Virtual Reality (VR): The demand for haptic technology in mobile devices remains a strong component of Immersion's revenue. Additionally, the growing adoption of virtual reality (VR) technologies, with companies like Meta utilizing haptics, presents a significant opportunity for Immersion to expand its licensing deals and drive future revenue.
Leveraging a Robust Intellectual Property Portfolio: Immersion's extensive intellectual property portfolio, backed by numerous patents, positions the company to capitalize on the growing demand for haptic technology across various industries. This strong patent position allows Immersion to secure new licensing agreements and maintain its leadership in the haptic space, contributing to sustained revenue growth.

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Share Repurchases

Immersion authorized a new stock repurchase program of up to $50 million for 2023, replacing a program that had been in place in 2022.
Under the program announced in January 2023, Immersion repurchased 1,217,774 shares for $8.24 million by December 31, 2023.
The company's equity buyback plan was extended until December 29, 2025.

Share Issuance

The number of Immersion's outstanding shares has moved up in recent quarters, partly due to stock-based compensation not being fully offset by repurchases.
As of October 2025, the number of outstanding shares was 32,294,000.

Inbound Investments

The Irrevocable Larson Family Investment Trust filed schedules in October and November 2025, reporting the acquisition of beneficial ownership exceeding 5% of Immersion's equity securities.

Outbound Investments

On June 10, 2024, Immersion acquired a 42% stake in Barnes & Noble Education (BNED) for approximately $50.1 million, securing control through board seats.
As of March 31, 2025, Immersion's equity portfolio included a 32.9% stake in Barnes and Noble Education, valued at approximately $132 million.
The company also held other equity investments as of March 31, 2025, including a 4.15% stake in Five Point Holdings worth about $16 million, and positions in Everspin Technologies, Universal Electronics, Nano Dimension, Maravai LifeSciences Holdings, and Xperi.

Capital Expenditures

Immersion reported capital expenditures of approximately -$928,000 in the last 12 months as of early November 2025.
Capital expenditures were minimal in recent years, recorded as $0 in 2023, -$26,000 in 2022, and -$335,000 in 2021.

Better Bets than Immersion (IMMR)

	IMMR	Better Performance than IMMR
Metric	Value	INDUSTRY: Application Software
Rev Chg LTM	3538.9%
Rev Chg 3Y Avg	1178.9%
Op Mgn LTM	10.4%	APP (52.5%), ORCL (31.6%), PLTR (21.8%), CRM (21.2%), SHOP (15.7%)
Total Yield	39.9%	NXTT (493.9%)
P/S	0.2	BNZI (0.0), LPSN (0.0), ULY (0.1)
P/Op Inc	2.0	HTCR (1.3)

	IMMR	Better Performance than IMMR
Metric	Value	SECTOR: Information Technology
Rev Chg LTM	3538.9%
Rev Chg 3Y Avg	1178.9%	VYX (9716.9%), ATOM (4315.7%), SOBR (1315.8%)
Op Mgn LTM	10.4%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), AAPL (31.9%), ORCL (31.6%)
Total Yield	39.9%	NXTT (493.9%), PAGS (76.4%), WETH (50.8%)
P/S	0.2	INGM (0.1), CSIQ (0.1), PAGS (0.1), DXC (0.2), AVT (0.2)
P/Op Inc	2.0	PAGS (0.4), STNE (0.7), HTCR (1.3), WETH (1.4), TTEC (1.9)

	IMMR	Better Performance than IMMR
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	3538.9%	UEC (29737.9%), VRDN (23340.1%), SPRY (22367.8%), QXO (8117.4%), IDYA (5377.7%)
Rev Chg 3Y Avg	1178.9%	UEC (10082.6%), QXO (2715.8%), ARQT (2325.4%), IDYA (1747.2%), TGTX (1272.3%)
Op Mgn LTM	10.4%	META (43.2%), LLY (43.0%), GOOGL (32.2%), XOM (11.4%), AMZN (11.4%)
Total Yield	39.9%	XP (65.2%), FLR (49.7%), WU (42.2%), RCI (40.7%), BCE (40.6%)
P/S	0.2	CNC (0.1), ACI (0.1), AAL (0.1), CAH (0.2), COR (0.2)
P/Op Inc	2.0	BHC (1.3), UNIT (1.7), VIRT (1.8), KSS (1.8), OGN (1.9)

		Best Bets In Information Technology Sector
	IMMR
What You Pay
P/E	2.8
P/EBIT	1.6
What You Get
Rev Chg Q	4,473.8%
Rev Chg LTM	3,538.9%
Rev Chg 3Y Avg	1,178.9%
FCF/Rev 3Y Avg	�

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

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	Title	Topic
0	DASHBOARDS
1	Would You Still Hold Immersion Stock If It Fell 30%?	Return

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to IMMR. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Immersion

Peers to compare with:

Financials

	IMMR	ADSK	HIT	BMR	BTTC	CCC	Median
Name	Immersion	Autodesk	Health I.	Beamr Im.	Black Ti.	CCC Inte.
Mkt Price	6.78	307.24	1.29	2.22	3.42	7.56	5.10
Mkt Cap	0.2	65.4	0.1	-	-	-	0.2
Rev LTM	1,234	6,605	27	-	2	1,026	1,026
Op Inc LTM	128	1,515	1	-	-0	65	65
FCF LTM	-	1,847	1	-	-	255	255
FCF 3Y Avg	-	1,704	-	-	-	216	960
CFO LTM	-	1,925	4	-	-	310	310
CFO 3Y Avg	-	1,775	-	-	-	271	1,023

Growth & Margins

	IMMR	ADSK	HIT	BMR	BTTC	CCC	Median
Name	Immersion	Autodesk	Health I.	Beamr Im.	Black Ti.	CCC Inte.
Rev Chg LTM	3,538.9%	13.8%	29.7%	-	-	10.6%	21.7%
Rev Chg 3Y Avg	1,178.9%	11.7%	-	-	-	10.2%	11.7%
Rev Chg Q	4,473.8%	17.1%	86.2%	-	-	12.0%	51.7%
QoQ Delta Rev Chg LTM	60.3%	4.1%	19.3%	-	-	2.9%	11.7%
Op Mgn LTM	10.4%	22.9%	5.0%	-	-3.8%	6.3%	6.3%
Op Mgn 3Y Avg	42.2%	21.5%	-	-	-	6.9%	21.5%
QoQ Delta Op Mgn LTM	-4.4%	0.8%	-0.1%	-	-	-0.1%	-0.1%
CFO/Rev LTM	-	29.1%	13.5%	-	-	30.2%	29.1%
CFO/Rev 3Y Avg	-	30.7%	-	-	-	29.0%	29.9%
FCF/Rev LTM	-	28.0%	4.9%	-	-	24.9%	24.9%
FCF/Rev 3Y Avg	-	29.5%	-	-	-	23.1%	26.3%

Valuation

	IMMR	ADSK	HIT	BMR	BTTC	CCC	Median
Name	Immersion	Autodesk	Health I.	Beamr Im.	Black Ti.	CCC Inte.
Mkt Cap	0.2	65.4	0.1	-	-	-	0.2
P/S	0.2	10.0	1.8	-	-	-	1.8
P/EBIT	1.6	46.7	24.6	-	-	-	24.6
P/E	2.8	63.2	35.8	-	-	-	35.8
P/CFO	-	34.3	13.5	-	-	-	23.9
Total Yield	39.9%	1.6%	2.8%	-	-	-	2.8%
Dividend Yield	4.4%	0.0%	0.0%	-	-	-	0.0%
FCF Yield 3Y Avg	-	3.3%	-	-	-	-	3.3%
D/E	1.3	0.0	0.0	-	-	-	0.0
Net D/E	0.7	0.0	-0.2	-	-	-	0.0

Returns

	IMMR	ADSK	HIT	BMR	BTTC	CCC	Median
Name	Immersion	Autodesk	Health I.	Beamr Im.	Black Ti.	CCC Inte.
1M Rtn	2.0%	1.2%	-52.2%	-12.3%	-3.1%	-13.3%	-7.7%
3M Rtn	-2.6%	-3.2%	-53.8%	-20.1%	-14.5%	-64.8%	-17.3%
6M Rtn	-10.8%	3.0%	104.0%	-30.6%	-14.5%	-64.8%	-12.7%
12M Rtn	-21.2%	2.8%	-	-27.5%	4,785.7%	-64.8%	-21.2%
3Y Rtn	-5.3%	52.8%	-	-	3,320.0%	-64.8%	23.7%
1M Excs Rtn	2.0%	1.2%	-52.2%	-12.2%	-3.1%	-13.3%	-7.7%
3M Excs Rtn	-8.5%	-9.3%	-59.4%	-23.1%	-19.8%	-70.2%	-21.5%
6M Excs Rtn	-25.5%	-11.7%	89.3%	-45.3%	-29.2%	-79.6%	-27.4%
12M Excs Rtn	-34.0%	-8.3%	-	-45.7%	4,643.1%	-78.4%	-34.0%
3Y Excs Rtn	-65.8%	-15.5%	-	-	3,299.3%	-137.6%	-40.7%

Financials

Annual
Quarterly

$ Mil \| FY: 4/30	LTM	2024	2023	2022	2021	2020	2019
Period End	1/31/2025	4/30/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	3/12/2025	11/8/2024	3/11/2024	2/22/2023	2/25/2022	3/5/2021	3/6/2020
Key Financials
Total Revenue	1,234	46	34	38	35	30	36
EBITDA	177	25	18	25	18	4	-19
Operating Income	128	16	18	24	18	2	-21
Net Income	90	18	34	31	12	5	-20
EPS	2.83	0.56	1.05	0.92	0.40	0.19	-0.64
Growth Rates
Total Revenue Growth	3538.9%	35.0%	-11.8%	9.6%	15.2%	-15.3%	-67.6%
EBITDA Growth	1144.5%	38.6%	-26.7%	37.4%	330.6%	121.6%	-135.7%
Operating Income Growth	615.1%	-10.6%	-26.6%	37.4%	700.7%	110.3%	-140.4%
Net Income Growth	165.6%	-47.7%	10.8%	145.6%	131.1%	126.9%	-136.9%
Margins
EBITDA Margin	14.4%	54.5%	53.0%	63.9%	50.9%	13.6%	-53.6%
Operating Income Margin	10.4%	35.0%	52.9%	63.5%	50.7%	7.3%	-59.7%
Net Income Margin	7.3%	38.8%	100.2%	79.7%	35.6%	17.7%	-55.8%
Cash & Debt
Total Cash	154	178	160	150	138	60	89
Total Debt	322	0	0	0	1	1	1
Net Debt / (Cash)	168	-178	-160	-149	-137	-58	-88
Cash Flows
Net Cash from Operations	-	32	21	40	17	0	-34
Free Cash from Operations	-	32	21	40	17	-0	-34
Returns to Shareholders
Dividends	11	3	7	-0	-0	-0	-0
Share Repurchases	-0	-0	8	13	-0	31	3

$ Mil \| FY: 4/30	2025Q3	2025Q2	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Period End	1/31/2025	10/31/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022	3/31/2022
Filing Date	3/12/2025	12/16/2024	8/19/2024	5/8/2024	3/11/2024	11/13/2023	8/11/2023	5/11/2023	2/22/2023	11/14/2022	8/15/2022	5/13/2022
Key Financials Quarterly
Total Revenue	475	616	99	44	10	9	7	7	9	14	8	7
Ebitda	51	77	32	17	-6	7	10	3	6	11	4	4
Operating Income	19	64	28	17	5	7	3	3	6	11	4	4
Net Income	15	27	29	19	16	3	7	8	20	8	-2	5
EPS	0.48	0.84	0.91	0.60	0.49	0.08	0.22	0.25	0.61	0.23	-0.05	0.15
Key Financials TTM
Total Revenue TTM	1,234	770	163	71	34	33	37	38	38	39	32	35
Ebitda TTM	177	121	50	28	14	26	31	25	25	24	17	19
Operating Income TTM	128	114	56	31	18	19	23	24	24	24	17	19
Net Income TTM	90	91	66	44	34	38	43	34	31	12	8	16
Growth Rates Quarterly
Total Revenue Growth	4473.8%	6399.1%	1323.8%	519.8%	13.3%	-32.3%	-12.5%	-3.2%	-6.0%	95.3%	-27.5%	2.1%
EBITDA Growth	997.5%	1086.3%	218.2%	407.1%	-189.2%	-39.5%	137.7%	-9.8%	9.4%	193.1%	-29.1%	35.5%
Operating Income Growth	283.9%	888.9%	792.5%	409.8%	-12.9%	-40.4%	-24.2%	-9.5%	-0.4%	197.6%	-29.3%	44.5%
Net Income Growth	-3.2%	913.3%	311.9%	125.4%	-18.8%	-65.2%	486.4%	63.1%	1374.7%	104.3%	-134.1%	149.3%
Margins Quarterly
EBITDA Margin	10.7%	12.5%	32.4%	37.9%	-54.8%	68.8%	145.0%	46.4%	69.6%	76.9%	53.4%	49.8%
Operating Income Margin	4.1%	10.5%	27.9%	37.9%	48.5%	68.8%	44.6%	46.1%	63.1%	78.0%	51.4%	49.3%
Net Income Margin	3.3%	4.4%	29.1%	42.5%	154.0%	28.3%	100.6%	117.0%	215.0%	55.0%	-22.8%	69.5%
Cash & Debt
Total Cash	154	159	133	179	160	151	158	148	150	134	137	146
Total Debt	322	381	394	0	0	0	0	0	0	1	1	1
Net Debt / (Cash)	168	221	261	-179	-160	-151	-157	-148	-149	-133	-136	-145
Cash Flows Quarterly
FCF from Operations	-44	-	-86	30	8	4	5	4	8	14	8	11
Cash Flows TTM
FCF from Operations TTM	-	-	-44	47	21	21	30	33	40	39	27	24
Returns to Shareholders Quarterly
Dividends	8	0	2	1	1	1	1	4	0	0	0	0
Share Repurchases	-0	-0	-0	-0	1	4	3	-0	2	5	2	4
Return on Invested Capital (ROIC) Quarterly
ROIC	12.1%	58.1%	21.4%	-	-	-	-	-	-	571.1%	111.3%	176.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	28.4%	23.8%	11.3%	-	-	-	-	-	-	251.6%	82.6%	192.1%

Price Behavior

Price Behavior

Market Price	$6.78
Market Cap ($ Bil)	0.2
First Trading Date	11/12/1999
Distance from 52W High	-27.4%
	50 Days	200 Days
DMA Price	$6.82	$7.22
DMA Trend	down	down
Distance from DMA	-0.6%	-6.1%
	3M	1YR
Volatility	48.9%	40.6%
Downside Capture	243.79	142.85
Upside Capture	163.93	100.95
Correlation (SPY)	48.9%	53.5%

IMMR Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	2.47	1.92	1.89	1.62	1.09	1.09
Up Beta	3.69	3.15	3.00	2.32	0.99	0.92
Down Beta	1.54	0.90	1.17	1.37	1.07	1.23
Up Capture	293%	177%	170%	112%	102%	103%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	7	15	26	59	121	368
Down Capture	188%	204%	193%	170%	120%	105%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	13	26	34	64	123	367

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of IMMR With Other Asset Classes (Last 1Y)
	IMMR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-19.2%	25.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	40.4%	27.6%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.43	0.81	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		50.5%	53.6%	4.1%	21.9%	38.2%	31.4%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of IMMR With Other Asset Classes (Last 5Y)
	IMMR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-2.0%	19.9%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	50.7%	24.6%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.14	0.73	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		36.1%	36.9%	6.9%	10.8%	24.5%	23.5%

Based On 10-Year Data

		Comparison of IMMR With Other Asset Classes (Last 10Y)
	IMMR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-5.7%	22.2%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	52.0%	24.2%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.09	0.84	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		35.3%	35.8%	3.0%	13.9%	22.6%	13.1%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	3,011,692
Short Interest: % Change Since 10312025	10.4%
Average Daily Volume	443,662
Days-to-Cover Short Interest	6.79
Basic Shares Quantity	32,294,000
Short % of Basic Shares	9.3%

Returns Analyses

	Title
0	Would You Still Hold Immersion Stock If It Fell 30%?

SEC Filings

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Report Date	Filing Date	Filing
1312025	3122025	10-Q 1/31/2025
10312024	12162024	10-Q 10/31/2024
6302024	8192024	10-Q 6/30/2024
4302024	11082024	10-QT 4/30/2024
3312024	5082024	10-Q 3/31/2024
12312023	3112024	10-K 12/31/2023
9302023	11132023	10-Q 9/30/2023
6302023	8112023	10-Q 6/30/2023
3312023	5112023	10-Q 3/31/2023
12312022	2222023	10-K 12/31/2022
9302022	11142022	10-Q 9/30/2022
6302022	8152022	10-Q 6/30/2022
3312022	5132022	10-Q 3/31/2022
12312021	2252022	10-K 12/31/2021
9302021	11032021	10-Q 9/30/2021
6302021	8162021	10-Q 6/30/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Immersion (IMMR)

Market Price (12/4/2025): $6.78 | Market Cap: $219.0 MilSector: Information Technology | Industry: Application Software

Immersion (IMMR)

Market Price (12/4/2025): $6.78Market Cap: $219.0 MilSector: Information TechnologyIndustry: Application Software

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Market Price (12/4/2025): $6.78 | Market Cap: $219.0 Mil
Sector: Information Technology | Industry: Application Software

Market Price (12/4/2025): $6.78
Market Cap: $219.0 Mil
Sector: Information Technology
Industry: Application Software