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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 | 11.5% | 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 |
| Cost Of Revenue | 0.09 | 0 | 0 | 75.35 |
| Gross Profit | 35 | 38.46 | 0 | 1,480.53 |
| Operating Expense | 17.23 | 14.04 | 15.99 | 1,362.61 |
| Operating Income | 17.77 | 24.42 | 17.93 | 117.92 |
| EBITDA | 17.87 | 24.56 | 17.99 | 168.93 |
| EBIT | 17.77 | 24.42 | 17.93 | 133.55 |
| Pretax Income | 17.29 | 26.96 | 42.91 | 119.29 |
| Tax Provision | 4.81 | -3.70 | 8.94 | 25.71 |
| Net Income | 12.48 | 30.66 | 33.98 | 64.28 |
| Net Income Common Stockholders | 12.48 | 30.66 | 33.98 | 64.28 |
| Total Expenses | 17.31 | 14.04 | 15.99 | 1,437.96 |
| Interest Expense | 0 | 0 | 0 | 14.26 |
| Interest Income | 0.37 | 2.84 | 0 | 15.53 |
| Research And Development | 4.15 | 1.38 | 0.28 | 0 |
| Selling General And Administration | 13.08 | 12.66 | 15.71 | 1,327.34 |
| Normalized EBITDA | 17.87 | 24.56 | 17.99 | 168.82 |
| Normalized Income | 12.48 | 30.66 | 33.98 | 64.20 |
| Basic EPS | 0.40 | 0.92 | 1.05 | 1.94 |
| Diluted EPS | 0.39 | 0.92 | 1.04 | 1.90 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0.02 |
| Tax Rate For Calcs | 0.28 | 0.21 | 0.21 | 0.22 |
| Total Unusual Items | 0 | 0 | 0 | 0.10 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | 0.10 |
| Net Income From Continuing Operation Net Minority Interest | 12.48 | 30.66 | 33.98 | 64.28 |
| Reconciled Depreciation | 0.10 | 0.14 | 0.07 | 35.37 |
| Reconciled Cost Of Revenue | 0.09 | 0 | 0 | 75.25 |
| Net Interest Income | 0.37 | 2.84 | 25.01 | 1.27 |
| Net Income From Continuing And Discontinued Operation | 12.48 | 30.66 | 33.98 | 64.28 |
| Rent Expense Supplemental | 0 | 0 | 0 | 75.35 |
| Total Operating Income As Reported | 17.77 | 24.42 | 17.93 | 118.02 |
| Diluted Average Shares | 31.77 | 33.51 | 32.54 | 33 |
| Basic Average Shares | 31.46 | 33.28 | 32.21 | 32.22 |
| Diluted NI Availto Com Stockholders | 12.48 | 30.66 | 33.98 | 64.28 |
| Minority Interests | 0 | 0 | 0 | -29.30 |
| Net Income Including Noncontrolling Interests | 12.48 | 30.66 | 33.98 | 93.58 |
| Net Income Continuous Operations | 12.48 | 30.66 | 33.98 | 93.58 |
| Other Income Expense | -0.86 | -0.29 | -0.02 | 0.10 |
| Other Non Operating Income Expenses | -0.86 | -0.29 | -0.02 | 0 |
| Special Income Charges | 0 | 0 | 0 | 0.10 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 1.25 |
| Restructuring And Mergern Acquisition | 0 | 0 | 0 | -1.35 |
| Net Non Operating Interest Income Expense | 0.37 | 2.84 | 25.01 | 1.27 |
| Total Other Finance Cost | 0 | -2.84 | -25.01 | 0 |
| Interest Expense Non Operating | 0 | 0 | 0 | 14.26 |
| Interest Income Non Operating | 0.37 | 2.84 | 0 | 15.53 |
| Depreciation Amortization Depletion Income Statement | 0 | 0 | 0 | 35.27 |
| Depreciation And Amortization In Income Statement | 0 | 0 | 0 | 35.27 |
| Selling And Marketing Expense | 3.24 | 1.22 | 1.75 | 1,048.83 |
| General And Administrative Expense | 9.84 | 11.44 | 13.96 | 278.51 |
| Other Gand A | 9.84 | 11.44 | 13.96 | 278.51 |
| Operating Revenue | 35.09 | 38.46 | 33.92 | 1,555.88 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Immersion Corporationthis co. | IMMR | $194M | 10.12↓ discount | 0.63 | 11.5% | 6.19 |
| Nerdy Inc. | NRDY | $218M | - | 5.75 | -138.0% | -1.79 |
| Kaltura, Inc. | KLTR | $211M | - | 33.02 | -190.7% | 236.12 |
| MicroVision, Inc. | MVIS | $208M | - | 3.52 | -171.0% | -2.34 |
| eGain Corporation | EGAN | $201M | 5.79 |
| 2.27 |
| 40.0% |
| 14.32 |
| Richardson Electronics, Ltd. | RELL | $200M | 50.93 | 1.25 | -0.7% | 29.40 |
| Vuzix Corporation | VUZI | $198M | - | 7.83 | -93.1% | -6.39 |
| Information Services Group, Inc. | III | $193M | 21.26 | 2.04 | 9.9% | 10.50 |
| Unisys Corporation | UIS | $189M | - | -0.66 | 126.6% | 5.11 |
| Peer Median | - | 21.26 | 2.89 | -46.9% | 7.80 | |