IMMERSION CORP
For the period ended Apr 30, 2025. Filed Mar 12, 2026.
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FY2025 · Filed Mar 12, 2026
IMMR$6.94+2.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| (In thousands) | April 30,2025 | December 31, 2023 |
|---|---|---|
| ASSETS | ||
| Immersion | ||
| Cash and cash equivalents | $63,550 | $56,071 |
| Investments – current | 88,789 | 104,291 |
| Accounts receivable, net | 2,767 | 2,241 |
| Prepaid expenses and other current assets | 11,331 | 9,847 |
| 166,437 | 172,450 | |
| Barnes & Noble Education | ||
| Cash and cash equivalents | 9,058 | — |
| Accounts receivable, net | 98,075 | — |
| Merchandise inventories, net | 299,564 | — |
| Textbook rental inventories, net | 26,439 | — |
| Prepaid expenses and other current assets | 32,250 | — |
| 465,386 | — | |
| Total Current Assets | 631,823 | 172,450 |
| Immersion | ||
| Property and equipment, net | 113 | 211 |
| Investments – noncurrent | 13,880 | 33,350 |
| Long-term deposits | 6,188 | 6,231 |
| Deferred tax assets | — | 3,343 |
| Other assets – noncurrent | 27,362 | 146 |
| 47,543 | 43,281 | |
| Barnes & Noble Education | ||
| Property and equipment, net | 95,702 | — |
| Intangible assets, net | 91,581 | — |
| Goodwill | 69,162 | — |
| Operating lease right-of-use assets | 155,281 | — |
| Other assets - noncurrent | 11,181 | — |
| 422,907 | — | |
| Total Assets | $1,102,273 | $215,731 |
| (In thousands except share and per share data) | April 30,2025 | December 31, 2023 |
|---|---|---|
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Immersion | ||
| Accounts payable | $13 | $47 |
| Accrued compensation | 343 | 3,127 |
| Deferred revenue – current | 2,938 | 4,239 |
| Other current liabilities | 10,240 | 11,900 |
| 13,534 | 19,313 | |
| Barnes & Noble Education | ||
| Accounts payable | 148,848 | — |
| Accrued liabilities | 44,295 | — |
| Deferred revenue – current | 10,411 | — |
| Operating lease liabilities – current | 48,796 | — |
| 252,350 | — | |
| Total Current Liabilities | 265,884 | 19,313 |
| Immersion | ||
| Deferred revenue – noncurrent | 5,790 | 8,390 |
| Deferred income taxes – noncurrent | 11,034 | — |
| Other long-term liabilities | 13,344 | 4,926 |
| 30,168 | 13,316 | |
| Barnes & Noble Education | ||
| Deferred income taxes – noncurrent | 4,193 | |
| Operating lease liabilities – noncurrent | 121,093 | — |
| Deferred revenue – noncurrent | 3,155 | — |
| Other long-term liabilities | 15,987 | — |
| Long-term borrowings | 103,098 | — |
| 247,526 | — | |
| Total Liabilities | 543,578 | 32,629 |
| Commitments and contingencies (Note 18) | ||
| Stockholders’ Equity | ||
| Common stock – $0.001 per share par value; 100,000,000 shares authorized; 49,433,320 and 32,502,969 shares issued and outstanding at April 30, 2025, respectively; 47,636,273 and 31,528,977 shares issued and outstanding at December 31, 2023, respectively. | 49 | 48 |
| Additional paid-in capital | 374,327 | 322,134 |
| Accumulated other comprehensive income (loss) | 535 | 1,702 |
| Accumulated earnings (deficit) | 34,691 | (36,040) |
| Treasury stock – 16,930,351 and 16,107,296 shares, respectively, at cost | (111,477) | (104,742) |
| Total Stockholders’ Equity Attributable to Immersion Corporation Stockholders | 298,125 | 183,102 |
| Noncontrolling interest in consolidated subsidiaries | 260,570 | — |
| Total Stockholders’ Equity | 558,695 | 183,102 |
| Total Liabilities and Stockholders’ Equity | $1,102,273 | $215,731 |
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