Immersion
Licenses haptics IP while consolidating Barnes & Noble Education campus retail.
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Profile
Licenses haptics patents and software for device makers, while consolidating Barnes & Noble Education's campus-store and course-material operations. The mix pairs a royalty-led IP business with a much larger U.S. academic retail footprint.
Licenses haptics patents, software, tools, and technical assistance through the Immersion segment, helping device makers add touch feedback to mobile, consumer electronics, gaming, VR, automotive, medical, and commercial products.
Consolidates Barnes & Noble Education after the 2024 control investment, adding campus bookstores, course-material sales and rentals, wholesale, and bookstore-management systems for U.S. academic institutions.
The legacy IP business depends on license and royalty agreements, patent coverage, customer product cycles, and enforcement or settlement outcomes. The consolidated profile also depends on BNED's campus contracts, education-retail execution, financial-reporting cleanup, and Nasdaq compliance filings.
Company facts
Key statistics
Year to date +19.3% · Average volume (30d) 605.7K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 24, 2026Q1 FY26 | $0.05 | $0.12 | +140.0% | $230.0M | $270.0M | +17.4% | +18.71% |
| Jul 23, 2026Q1 FY26 | $0.09 | $0.05 | −46.2% | $230.0M | — | — | −1.21% |
| Jul 22, 2026Q1 FY26 | $0.09 | $0.05 | −46.2% | $230.0M | — | — | +0.61% |
| Jul 16, 2026Q1 FY26 | $0.09 | $0.05 | −46.2% | $230.0M | — | — | +0.91% |
Financial highlights
| 12 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $474.8M | $281.4M | $292.0M | $650.2M | $518.5M | $270.0M | |
| Gross profit | $105.8M | $1.15B | $58.4M | $135.1M | $92.9M | $73.9M | |
| Operating income | $19.3M | $17.6M | −$23.5M | $44.4M | $5.0M | $147.0K | |
| Net income | $15.5M | −$5.5M | −$930.0K | $12.0M | −$10.3M | $3.7M | |
| Diluted EPS | $0.47 | −$0.22 | −$0.03 | $0.36 | −$0.31 | $0.11 | |
| Gross margin | 22.3% | 410.2% | 20.0% | 20.8% | 17.9% | 27.4% | |
| Operating margin | 4.1% | 6.2% | -8.0% | 6.8% | 1.0% | 0.1% |
Fiscal years (4-quarter sums)FY21 $35.1M · FY22 $38.5M · FY23 $33.9M · FY24 $1.23B · FY25 $1.74B
Revenue by product · Q1 FY26
Balance sheet, Apr 30, 2026Cash & short-term investments $197.9M · Total debt $222.7M · Total assets $1.12B · Shareholders' equity $297.2M
Dividends
Raised for 2 straight years — most recently to $0.075 from $0.045 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 20, 2026 | Jul 20 | Jul 31 | $0.075 | |
| Apr 20, 2026 | Apr 20 | May 1 | $0.075 | |
| Jan 16, 2026 | Jan 19 | Jan 30 | $0.075 | raised from $0.045 |
| Oct 20, 2025 | Oct 20 | Oct 31 | $0.045 | |
| Jul 23, 2025 | Jul 23 | Aug 8 | $0.045 | |
| Apr 14, 2025 | Apr 14 | Apr 25 | $0.045 | |
| Jan 10, 2025 | Jan 10 | Jan 24 | $0.245 | special dividend |
| Oct 4, 2024 | Oct 4 | Oct 18 | $0.045 |
Ownership
Shares outstanding 33.19M · Float 27.27M · 82.2% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.44M | 7.35% | 13F | Aug 7, 2026 |
| Scott A. Larson | 2.35M | 7.30% | 13D | Dec 8, 2025 |
| Singer Eric | 1.83M | 5.50% | 13D | Aug 21, 2026 |
| William C. Martin · director, officer: Chief Strategy Officer | 1.42M | 4.29% | Form 4 | Aug 4, 2026 |
| CDC Financial, Inc. | 1.29M | 3.90% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 12, 2026 | J. Michael Dodson | officer: Chief Financial Officer | −4,899 | $6.54 |
Peers
- Amazon
Online retail scale across books, course materials, and merchandise
- Pearson (ADR)
Higher-education courseware and inclusive-access rival
- Cirrus Logic
Haptic-driver IC supplier for mobile and automotive devices
- Wiley Class A
Academic publishing, digital courseware, and learning content peer
- Synaptics
Touch, display, and automotive interface semiconductor rival
- Chegg
Student learning platform with textbook and eTextbook legacy
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Immersion | $7.65 | 0.00% | $253.9M | 58.8 | 30.0 | 0.1 | — |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Pearson (ADR) | $16.73 | 0.00% | $10.04B | 23.9 | — | 2.0 | — |
| Cirrus Logic | $108.02 | −0.42% | $5.47B | 13.3 | 13.2 | 2.7 | +12.9% |
| Wiley Class A | $53.71 | +0.03% | $2.82B | 12.9 | 11.2 | 1.7 | +1.2% |
| Synaptics | $95.08 | −0.02% | $3.71B | — | 18.1 | 3.1 | +8.9% |
| Chegg | $0.8500 | +0.83% | $94.5M | — | — | 0.4 | −50.7% |
| Median | 17.4 | 15.6 | 2.4 | +8.9% |