IMMRNasdaqComputer Peripheral Equipment, NECFiscal year ends April 30
IMMERSION CORP
Financials through Q1 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 14, 2026
$7.08+0.12 (+1.72%)
Close on Oct 19, 2026
- Market cap
- $235.79M
- P/E (TTM)
- 21.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2010 to 2026
Gross margin
–
Operating margin
1.5%+61.2 pts over 5 years
Net margin
0.3%+56.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | – | +270.9% | +118.1% | +40.7% | |
| Operating income | – | +13.1% | +7.8% | – | |
| Net income | – | -48.9% | -18.4% | – | |
| EPS, diluted | – | -48.7% | -18.5% | – | |
| Free cash flow | – | +27.7% | +20.2% | +7.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 3.5% | -21.9% | – | |
| Return on assets | 2.8% | -14.8% | – | |
| Current ratio | 4.54 | 9.05 | 2.30 | |
| Capex to revenue | 7.0% | 0.4% | 0.9% | |
| Diluted shares | 29M | 32M | 33M |
Where the cash went
Fiscal 2020 to 2026, five years combined
Immersion generated $137.28M from operations and spent $84.22M on capital expenditure, dividends and share buybacks. 20% of that went back into the business.
Generated
$137.28M
Used
$84.22M
Capital expenditure$16.61M20%Dividends$15.46M18%Share buybacks$52.15M62%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin100.2%
×Asset turnover0.17×
×Equity multiplier1.19×
=Return on equity, FY202319.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | 100.2% | 0.17× | 1.19× | 19.9% |
| FY2022 | 79.7% | 0.21× | 1.22× | 20.5% |
| FY2021 | 35.6% | 0.26× | 1.32× | 12.2% |
| FY2020 | 17.7% | 0.28× | 1.50× | 7.3% |
| FY2019 | -55.8% | 0.27× | 1.48× | -21.9% |
| FY2018 | 49.0% | 1.12× | 1.81× | 99.4% |
| FY2017 | -129.4% | 0.45× | 2.40× | -139.4% |
| FY2016 | -69.0% | 0.55× | 1.47× | -55.5% |
| FY2015 | 4.5% | 0.62× | 1.24× | 3.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
3of 3 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$4.52M
- Cash generatingOperating cash flow above zero$59.07M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$59.07M vs $4.52M
- Less leverageLong-term debt to assets fell– → 6.7%
- Better liquidityCurrent ratio rose– → 2.30
- No dilutionShare count did not rise– → 33M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose– → –