IMMERSION CORP

For the period ended Jul 31, 2025. Filed Mar 26, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jul 31, 2025 · Filed Mar 26, 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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Contents

Item 5. OTHER INFORMATION

Item 1.	Legal Proceedings	45
Item 1A.	Risk Factors	45
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	45
Item 6.	Exhibits	46
SIGNATURES	47

PART I -FINANCIAL INFORMATION

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(In thousands except share data)	July 31, 2025	April 30, 2025
ASSETS
Immersion
Cash and cash equivalents	$82,800	$63,550
Investments – current	77,351	88,789
Accounts receivable, net	2,638	2,767
Prepaid expenses and other current assets	12,720	11,331
	175,509	166,437
Barnes & Noble Education
Cash and cash equivalents	7,340	9,058
Accounts receivable, net	161,974	98,075
Merchandise inventories, net	400,565	299,564
Textbook rental inventories, net	8,890	26,439
Prepaid expenses and other current assets	42,595	32,250
	621,364	465,386
Total Current Assets	796,873	631,823
Immersion
Property and equipment, net	104	113
Investments – noncurrent	13,876	13,880
Long-term deposits	6,223	6,188
Other assets – noncurrent	20,489	27,362
	40,692	47,543
Barnes & Noble Education
Property and equipment, net	88,075	95,702
Intangible assets, net	90,619	91,581
Goodwill	69,162	69,162
Operating lease right-of-use assets	165,551	155,281
Other assets – noncurrent	10,737	11,181
	424,144	422,907
Total Assets	$1,261,709	$1,102,273

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(In thousands except share data)	July 31, 2025	April 30, 2025
LIABILITIES AND STOCKHOLDERS’ EQUITY
Immersion
Accounts payable	$20	$13
Accrued compensation	490	343
Deferred revenue – current	2,934	2,938
Other current liabilities	9,677	10,240
	13,121	13,534
Barnes & Noble Education
Accounts payable	236,520	148,848
Accrued liabilities	49,507	44,295
Deferred revenue – current	12,402	10,411
Operating lease liabilities – current	46,439	48,796
	344,868	252,350
Total Current Liabilities	357,989	265,884
Immersion
Deferred revenue – noncurrent	5,058	5,790
Deferred income taxes – noncurrent	11,403	11,034
Other long-term liabilities	12,372	13,344
	28,833	30,168
Barnes & Noble Education
Deferred income taxes – noncurrent	3,963	4,193
Operating lease liabilities – noncurrent	135,912	121,093
Deferred revenue – noncurrent	3,060	3,155
Other long-term liabilities	15,867	15,987
Long-term borrowings	170,000	103,098
	328,802	247,526
Total Liabilities	715,624	543,578
Commitments and contingencies (Note 18)
Stockholders’ Equity:
Common stock – $0.001 par value; 100,000,000 shares authorized; 49,942,199 and 32,817,199 shares issued and outstanding at July 31, 2025, respectively; 49,433,320 and 32,502,969 shares issued and outstanding at April 30, 2025, respectively	50	49
Additional paid-in capital	376,179	374,327
Accumulated other comprehensive income (loss)	354	535
Accumulated earnings (deficit)	32,256	34,691
Treasury stock: 17,125,000 and 16,930,351 shares as of July 31, 2025 and April 30, 2025, respectively, at cost	(113,019)	(111,477)
Total Stockholders' Equity Attributable to Immersion Corporation Stockholders	295,820	298,125
Noncontrolling interest in consolidated subsidiaries	250,265	260,570
Total Stockholders' Equity	546,085	558,695
Total Liabilities and Stockholders’ Equity	$1,261,709	$1,102,273

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.