IMMERSION CORP

For the period ended Oct 31, 2025. Filed Apr 14, 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.

Oct 31, 2025 · Filed Apr 14, 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	50
Item 1A.	Risk Factors	50
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	50
Item 6.	Exhibits	51
SIGNATURES	52

PART I - FINANCIAL INFORMATION

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(In thousands except share data)	October 31, 2025	April 30, 2025
ASSETS
Immersion
Cash and cash equivalents	$115,197	$63,550
Investments – current	59,758	88,789
Accounts receivable, net	3,590	2,767
Prepaid expenses and other current assets	12,532	11,331
	191,077	166,437
Barnes & Noble Education
Cash and cash equivalents	11,720	9,058
Accounts receivable, net	314,962	98,075
Merchandise inventories, net	329,123	299,564
Textbook rental inventories, net	48,477	26,439
Prepaid expenses and other current assets	38,885	32,250
	743,167	465,386
Total Current Assets	934,244	631,823
Immersion
Property and equipment, net	85	113
Investments – noncurrent	3,263	13,880
Long-term deposits	6,152	6,188
Other assets – noncurrent	20,683	27,362
	30,183	47,543
Barnes & Noble Education
Property and equipment, net	82,645	95,702
Intangible assets, net	89,657	91,581
Goodwill	69,162	69,162
Operating lease right-of-use assets	160,776	155,281
Other assets – noncurrent	10,428	11,181
	412,668	422,907
Total Assets	$1,377,095	$1,102,273

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(In thousands except share data)	October 31, 2025	April 30, 2025
LIABILITIES AND STOCKHOLDERS’ EQUITY
Immersion
Accounts payable	$54	$13
Accrued compensation	741	343
Deferred revenue – current	2,929	2,938
Other current liabilities	8,779	10,240
	12,503	13,534
Barnes & Noble Education
Accounts payable	345,406	148,848
Accrued liabilities	62,686	44,295
Deferred revenue – current	31,888	10,411
Operating lease liabilities – current	43,230	48,796
	483,210	252,350
Total Current Liabilities	495,713	265,884
Immersion
Deferred revenue – noncurrent	4,326	5,790
Deferred income taxes – noncurrent	14,002	11,034
Other long-term liabilities	12,372	13,344
	30,700	30,168
Barnes & Noble Education
Deferred income taxes – noncurrent	2,173	4,193
Operating lease liabilities – noncurrent	133,852	121,093
Deferred revenue – noncurrent	2,954	3,155
Other long-term liabilities	15,350	15,987
Long-term borrowings	122,500	103,098
	276,829	247,526
Total Liabilities	803,242	543,578
Commitments and contingencies (Note 18)
Stockholders’ Equity:
Common stock – $0.001 par value; 100,000,000 shares authorized; 50,029,484 and 32,876,610 shares issued and outstanding at October 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	377,050	374,327
Accumulated other comprehensive income (loss)	312	535
Accumulated earnings (deficit)	42,743	34,691
Treasury stock: 17,152,874 and 16,930,351 shares as of October 31, 2025 and April 30, 2025, respectively, at cost	(113,219)	(111,477)
Total Stockholders' Equity Attributable to Immersion Corporation Stockholders	306,936	298,125
Noncontrolling interest in consolidated subsidiaries	266,917	260,570
Total Stockholders' Equity	573,853	558,695
Total Liabilities and Stockholders’ Equity	$1,377,095	$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.