Immersion Posts $4.9 Million Profit After Year-Ago Loss
The haptics licensor’s GAAP net income attributable to stockholders reached $0.17 a share in the three months ended July 31, 2026.
Immersion Corporation (IMMR), a licensing company of haptics technologies, reported GAAP net income attributable to stockholders of $4.9 million, or $0.17 a share, for the three months ended July 31, 2026, after a $0.9 million loss, or $(0.03) a share, a year earlier.
Total revenues were $294.4 million, compared with $292.0 million in the year-ago quarter. Sequentially, sales rose from $270.0 million in the three months ended April 30, 2026. Non-GAAP net income attributable to stockholders was $16.6 million, or $0.50 a share, versus $16.9 million, or $0.52 a share, a year earlier.
The financial information includes consolidated results of Barnes & Noble Education, the contract operator of campus bookstores and textbook wholesaler that Immersion acquired a controlling interest in on June 10, 2024. Immersion’s ownership of Barnes & Noble Education common stock had reduced to 32.3% as of July 31, 2026, from 32.6% as of April 30, 2026, due to additional issuances to noncontrolling stockholders. The company owns approximately 11.2 million shares of Barnes & Noble Education.
Barnes & Noble Education product and other revenue was $276.9 million, compared with $274.2 million a year earlier. Rental revenue was $13.7 million, compared with $14.0 million. Immersion royalty and license revenue was $3.8 million, compared with $3.9 million.
GAAP operating expenses were $80.4 million, compared with $84.8 million a year earlier. Non-GAAP operating expenses were $68.7 million, compared with $66.9 million. GAAP operating loss was $20.0 million, compared with a $26.4 million loss a year earlier. Interest and other income, net, was $15.1 million, compared with $7.7 million. Interest expense was $1.8 million, compared with $2.8 million.
Chairman and Chief Executive Officer Eric Singer said the fiscal year was off to a strong start and that while financial performance can be lumpy, the company remains focused on executing against strategic initiatives that will drive long-term shareholder value.
On the balance sheet at July 31, 2026, Immersion cash and cash equivalents were $167.0 million and current investments were $34.7 million. Barnes & Noble Education cash was $7.8 million, accounts receivable were $176.7 million, merchandise inventories were $366.3 million and textbook rental inventories were $5.8 million. Barnes & Noble Education long-term borrowings were $123.5 million. Total stockholders’ equity attributable to Immersion stockholders was $299.0 million; noncontrolling interest was $260.2 million.
The company will distribute a quarterly dividend of $0.075 a share on October 30, 2026, to stockholders of record as of October 16, 2026, its sixteenth consecutive quarterly dividend.