IMMERSION CORP

For the period ended Jan 31, 2026. Filed May 4, 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.

Jan 31, 2026 · Filed May 4, 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)	January 31, 2026	April 30, 2025
ASSETS
Immersion
Cash and cash equivalents	$119,688	$63,550
Investments – current	48,094	88,789
Accounts receivable, net	2,330	2,767
Prepaid expenses and other current assets	17,523	11,331
	187,635	166,437
Barnes & Noble Education
Cash and cash equivalents	10,139	9,058
Accounts receivable, net	416,425	98,075
Merchandise inventories, net	329,425	299,564
Textbook rental inventories, net	43,662	26,439
Prepaid expenses and other current assets	26,095	32,250
	825,746	465,386
Total Current Assets	1,013,381	631,823
Immersion
Property and equipment, net	72	113
Investments – noncurrent	—	13,880
Long-term deposits	201	6,188
Other assets – noncurrent	20,866	27,362
	21,139	47,543
Barnes & Noble Education
Property and equipment, net	76,579	95,702
Intangible assets, net	88,695	91,581
Goodwill	69,162	69,162
Operating lease right-of-use assets	152,231	155,281
Deferred tax assets	1,418	—
Other assets – noncurrent	10,115	11,181
	398,200	422,907
Total Assets	$1,432,720	$1,102,273

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(In thousands except share data)	January 31, 2026	April 30, 2025
LIABILITIES AND STOCKHOLDERS’ EQUITY
Immersion
Accounts payable	$44	$13
Accrued compensation	457	343
Deferred revenue – current	2,927	2,938
Other current liabilities	11,537	10,240
	14,965	13,534
Barnes & Noble Education
Accounts payable	319,236	148,848
Accrued liabilities	126,857	44,295
Deferred revenue – current	52,935	10,411
Operating lease liabilities – current	39,981	48,796
	539,009	252,350
Total Current Liabilities	553,974	265,884
Immersion
Deferred revenue – noncurrent	3,595	5,790
Deferred income taxes – noncurrent	12,677	11,034
Other long-term liabilities	11,603	13,344
	27,875	30,168
Barnes & Noble Education
Deferred income taxes – noncurrent	-	4,193
Operating lease liabilities – noncurrent	132,389	121,093
Deferred revenue – noncurrent	2,849	3,155
Other long-term liabilities	15,231	15,987
Long-term borrowings	138,400	103,098
	288,869	247,526
Total Liabilities	870,718	543,578
Commitments and Contingencies (Note 18)
Stockholders’ Equity:
Common stock – $0.001 par value; 100,000,000 shares authorized; 50,274,555 and 33,055,059 shares issued and outstanding at January 31, 2026, respectively; 49,433,320 and 32,502,969 shares issued and outstanding at April 30, 2025, respectively	50	49
Additional paid-in capital	378,901	374,327
Accumulated other comprehensive income (loss)	122	535
Accumulated earnings (deficit)	29,961	34,691
Treasury stock: 17,219,496 and 16,930,351 shares as of January 31, 2026 and April 30, 2025, respectively, at cost	(113,651)	(111,477)
Total Stockholders' Equity Attributable to Immersion Corporation Stockholders	295,383	298,125
Noncontrolling interest in consolidated subsidiaries	266,619	260,570
Total Stockholders' Equity	562,002	558,695
Total Liabilities and Stockholders’ Equity	$1,432,720	$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.