Immersion (IMMR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Immersion

NasdaqGS•Technology•Software - Application

$7.71+0.15(0.02%)Market closed

Market Cap

$239.70M

P/E

23.2x

P/S

0.1x

P/B

0.4x

Immersion Corporation, together with its subsidiaries, engages in the business of intellectual property (IP) that engages user sense of touch when operating digital devices in North America, Europe, and Asia. It operates through two segments, Immersion and Barnes & Noble Education. 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 also provides BNC First Day access course material programs, including First Day Complete and First Day, which provide faculty-required course materials to students on or before the first day of class. It serves various markets, such as mobile devices, wearables, consumer, mobile entertainment, and other content; console gaming; automotive; medical; and commercial. Immersion Corporation was incorporated in 1993 and is headquartered in Aventura, Florida.

How this company scores

AverageMetricSide Score: 40/100

Strongest: Cash & Earnings Quality (18/25); weakest: Profitability (4/25).

Profitability4/25

Growth6/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality18/25

Strengths

Cash-backed earningsNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 23.2x5y range 0.0x – 42.9x

Currently above its 20-quarter median.

P/S · 0.1x5y range 0.0x – 6.7x

Currently below its 20-quarter median.

P/B · 0.4x5y range 0.0x – 1.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 76.6% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $239.70M

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.73B
Q. Revenue: $294.40M
TTM EBITDA: $74.70M
TTM Op. Income: $32.29M
Q. Op. Income: $-19.98M
TTM Net Income: $10.33M
Q. Net Income: $4.88M
EPS: $0.17
Shares Out.: $33.15M

$1.73B in TTM revenue declined 6.2% YoY, reaching $294.40M last quarter. TTM EBITDA of $74.70M and TTM operating income of $32.29M show growth is flowing through to the bottom line. TTM net income of $10.33M means revenue is converting into profit. Over the past year, TTM revenue is down 6% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: -3.3%
Op. Margin: -6.8%
Net Margin: 1.7%

Op. margin of -6.8% is up 2.2% YoY — cost efficiency is improving. Net margin at 1.7% Over the past year, operating margin is up 25% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 23.2x
P/S Ratio: 0.1x
P/B Ratio: 0.4x

At 23.2x P/E, the stock trades within typical market levels. P/S of 0.1x and P/B of 0.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 538% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.18B
Cash: $174.81M
Long-Term Debt: N/A
Book Value: $559.24M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-43.60M
TTM Free Cash Flow: $61.13M
FCF Margin: 3.5%
FCF / Net Income: 5.9

TTM FCF of $61.13M on $-43.60M in operating cash flow. The FCF / Net Income ratio of 5.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 6 consecutive quarters — an improving trend.