Immersion (IMMR) financial statements
Immersion reported revenue of $1.7B in fiscal 2026, up 46.1% a year over 9 years.
Net income was $5M and the operating margin 1.5%, against -26.7% in 2016.
Free cash flow was $43M, and the company returned $8M in dividends and $10,000 in net buybacks.
The diluted share count rose 15% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Immersion's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $57M | $35M | $111M | $36M | $30M | $35M | $38M | $34M | $1.6B | $1.7B |
| Cost of revenue | $197,000 | $197,000 | $218,000 | $170,000 | $168,000 | $88,000 | $4,000 | — | — | — |
| Gross profit | $57M | $35M | $111M | $36M | $30M | $35M | $38M | — | — | — |
| Research and development | $13M | $12M | $10M | $8M | $5M | $4M | $1M | $281,000 | — | — |
| Selling, general and admin | $59M | $67M | $48M | $49M | $23M | $13M | $13M | $16M | — | — |
| Operating income | -$15M | -$45M | $53M | -$21M | $2M | $18M | $24M | $18M | $118M | $26M |
| Interest expense | — | — | — | — | — | — | — | $0 | $14M | $12M |
| Pre-tax income | -$15M | -$45M | $55M | -$20M | $3M | $17M | $27M | $43M | $119M | $26M |
| Income tax | $26M | $480,000 | $392,000 | $471,000 | -$2M | $5M | -$4M | $9M | $26M | $17M |
| Net income | -$39M | -$45M | $54M | -$20M | $5M | $12M | $31M | $34M | $64M | $5M |
| EPS (diluted) | -$1.37 | -$1.55 | $1.73 | -$0.64 | $0.19 | $0.39 | $0.92 | $1.04 | $1.90 | $0.14 |
| Diluted shares | 29M | 29M | 31M | 32M | 28M | 32M | 34M | 33M | 33M | 33M |
| Gross margin | 99.7% | 99.4% | 99.8% | 99.5% | 99.4% | 99.7% | 100.0% | — | — | — |
| Operating margin | -26.7% | -129.7% | 47.8% | -59.7% | 7.3% | 50.7% | 63.5% | 52.9% | 7.6% | 1.5% |
| Net margin | -69.0% | -129.4% | 49.0% | -55.8% | 17.7% | 35.6% | 79.7% | 100.2% | 4.1% | 0.3% |
Balance sheet
Fiscal years, from Immersion's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $90M | $47M | $125M | $89M | $60M | $138M | $150M | $160M | $161M | $180M |
| Receivables | $1M | $458,000 | $645,000 | $3M | $2M | $1M | $1M | $2M | $101M | $119M |
| Total current assets | $94M | $48M | $136M | $107M | $74M | $153M | $160M | $172M | $632M | $675M |
| Property, plant and equipment | $4M | $3M | $2M | $1M | $209,000 | $444,000 | $293,000 | $211,000 | $96M | $68M |
| Goodwill | — | — | — | — | — | — | — | $0 | $69M | $69M |
| Total assets | $104M | $52M | $146M | $125M | $96M | $176M | $190M | $216M | $1.1B | $1.1B |
| Total current liabilities | $21M | $19M | $15M | $12M | $9M | $17M | $18M | $19M | $266M | $293M |
| Long-term debt | — | — | — | — | — | — | — | — | $103M | $71M |
| Total liabilities | $48M | $42M | $46M | $41M | $32M | $34M | $32M | $33M | $544M | $485M |
| Shareholders' equity | $55M | $10M | $100M | $84M | $64M | $141M | $158M | $183M | $298M | $297M |
| Net debt | -$57M | -$25M | -$111M | -$86M | -$60M | -$51M | -$49M | -$56M | $30M | -$67M |
Cash flow
Fiscal years, from Immersion's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $22M | -$44M | $70M | -$34M | $22,000 | $17M | $40M | $21M | -$58M | $59M |
| Capital spending | $343,000 | $125,000 | $74,000 | $150,000 | $47,000 | $335,000 | $30,000 | $0 | $11M | $16M |
| Free cash flow | $22M | -$44M | $70M | -$34M | -$25,000 | $17M | $40M | $21M | -$69M | $43M |
| Stock-based compensation | $6M | $6M | $9M | $5M | $5M | $2M | $3M | $3M | $14M | $11M |
| Dividends paid | — | — | — | — | — | — | $0 | $7M | $13M | $8M |
| Share buybacks (net) | -$729,000 | -$328,000 | $0 | -$3M | -$31M | $0 | -$13M | -$8M | -$2M | -$10,000 |
| Net borrowing | — | — | — | — | — | — | — | $0 | $2M | -$32M |
| Free cash flow margin | 38.0% | -125.5% | 62.9% | -95.3% | -0.1% | 48.8% | 104.3% | 60.7% | -4.4% | 2.5% |
| Dividends per share | — | — | — | — | — | — | — | $0.23 | $0.39 | $0.24 |
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Open IMMR in InvestinglyQuestions
What was Immersion's revenue in 2026?
$1.7B in fiscal 2026, from its 10-K filing.
How much free cash flow does Immersion generate?
$43M in fiscal 2026 (operating cash flow minus capital spending).
From Immersion's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.