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Immersion Corporation, together with its subsidiaries, engages in the business of intellectual property (IP) that engages users' sense of touch when operating digital devices in North America, Europe, and Asia. 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 serves various markets, such as mobile devices, wearables, consumer, mobile entertainment, and other content; console gaming; automotive; medical; and commercial. The company was incorporated in 1993 and is headquartered in Aventura, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.6B | $169M | $64M | $-69M | 21.6% | 4487.0% | 89.2% |
| 2023 | $34M | $18M | $34M | $21M | 18.6% | -11.8% | 10.8% |
| 2022 | $38M | $25M | $31M | $40M | 19.4% | 9.6% | 145.6% |
| 2021 | $35M | $18M | $12M | $17M | 8.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2025 |
|---|---|---|---|---|
| Total Revenue | 35.09 | 38.46 | 33.92 | 1,555.88 |
| Operating Revenue | 35.09 | 38.46 | 33.92 | 1,555.88 |
| Cost Of Revenue | 0.09 | 0 | - | 75.35 |
| Gross Profit | 35 | 38.46 | - | 1,480.53 |
| Operating Expense | 17.23 | 14.04 | 15.99 | 1,362.61 |
| Research And Development | 4.15 | 1.38 | 0.28 | - |
| Selling General And Administration | 13.08 | 12.66 | 15.71 | 1,327.34 |
| Total Expenses | 17.31 | 14.04 | 15.99 | 1,437.96 |
| Operating Income | 17.77 | 24.42 | 17.93 | 117.92 |
| Total Operating Income As Reported | 17.77 | 24.42 | 17.93 | 118.02 |
| EBITDA | 17.87 | 24.56 | 17.99 | 168.93 |
| Normalized EBITDA | 17.87 | 24.56 | 17.99 | 168.82 |
| EBIT | 17.77 | 24.42 | 17.93 | 133.55 |
| Interest Income | 0.37 | 2.84 | - | 15.53 |
| Interest Expense | - | - | - | 14.26 |
| Net Interest Income | 0.37 | 2.84 | 25.01 | 1.27 |
| Other Non Operating Income Expenses | -0.86 | -0.29 | -0.02 | - |
| Other Income Expense | -0.86 | -0.29 | -0.02 | 0.10 |
| Interest Income Non Operating | 0.37 | - | - | - |
| Interest Expense Non Operating | - | - | - | 14.26 |
| Net Non Operating Interest Income Expense | 0.37 | 2.84 | 25.01 | 1.27 |
| Pretax Income | 17.29 | 26.96 | 42.92 | 119.29 |
| Tax Provision | 4.81 | -3.70 | 8.94 | 25.71 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0.02 |
| Net Income Continuous Operations | 12.48 | 30.66 | 33.98 | 93.58 |
| Net Income From Continuing And Discontinued Operation | 12.48 | 30.66 | 33.98 | 64.28 |
| Net Income From Continuing Operation Net Minority Interest | 12.48 | 30.66 | 33.98 | 64.28 |
| Net Income | 12.48 | 30.66 | 33.98 | 64.28 |
| Net Income Common Stockholders | 12.48 | 30.66 | 33.98 | 64.28 |
| Net Income Including Noncontrolling Interests | 12.48 | 30.66 | 33.98 | 93.58 |
| Normalized Income | 12.48 | 30.66 | 33.98 | 64.20 |
| Diluted NI Availto Com Stockholders | 12.48 | 30.66 | 33.98 | 64.28 |
| Basic Average Shares | 31.46 | 33.28 | 32.21 | 32.22 |
| Diluted Average Shares | 31.77 | 33.51 | 32.54 | 33 |
| Reconciled Depreciation | 0.10 | 0.14 | 0.07 | 35.37 |
| Reconciled Cost Of Revenue | 0.09 | 0 | - | 75.25 |
| Total Unusual Items | - | - | - | 0.10 |
| Total Unusual Items Excluding Goodwill | - | - | - | 0.10 |
| Minority Interests | - | - | - | -29.30 |
| Special Income Charges | - | - | - | 0.10 |
| Impairment Of Capital Assets | - | - | - | 1.25 |
| Restructuring And Mergern Acquisition | - | - | - | -1.35 |
| Depreciation Amortization Depletion Income Statement | - | - | - | 35.27 |
| Depreciation And Amortization In Income Statement | - | - | - | 35.27 |
| General And Administrative Expense | 9.84 | 11.44 | 13.96 | 278.51 |
| Other Gand A | 9.84 | 11.44 | 13.96 | 278.51 |
| Rent Expense Supplemental | - | - | - | 75.35 |
| Total Other Finance Cost | - | -2.84 | -25.01 | - |
| Selling And Marketing Expense | 3.24 | 1.22 | 1.75 | 1,048.83 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Immersion Corporationthis co. | IMMR | $219M | 3.41↓ discount | 0.74 | 21.6% | 2.48 |
| Aviat Networks, Inc. | AVNW | $250M | 186.71 | 0.95 | 0.5% | 15.93 |
| Turtle Beach Corporation | TBCH | $248M | 15.78 | 1.93 | 12.2% | 8.09 |
| Commerce.com, Inc. | CMRC | $235M | -12.14 | 5.97 | -49.1% | 55.05 |
| Inseego Corp. | INSG | $228M |
| 272.12 |
| -56.39 |
| -20.7% |
| 18.42 |
| Kaltura, Inc. | KLTR | $218M | -18.06 | 34.44 | -190.7% | -104.62 |
| KULR Technology Group, Inc. | KULR | $212M | -3.42 | 1.74 | -50.9% | -3.32 |
| Information Services Group, Inc. | III | $208M | 22.23 | 2.19 | 9.9% | 10.77 |
| eGain Corporation | EGAN | $207M | 6.41 | 2.56 | 40.0% | 25.25 |
| Peer Median | - | 11.10 | 2.06 | -10.1% | 13.35 | |