IMMERSION CORP

For the period ended Apr 30, 2026. Filed Jul 24, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2026 · Filed Jul 24, 2026

IMMR$6.99+0.7%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEM ENTS OF CASH FLOWS

	Fiscal Years Ended April 30,
(In thousands)	2026	2025
Cash flows from operating activities:
Net income (loss)	$9,213	$93,582
Adjustments to reconcile net income (loss) to cash flows from operating activities
Depreciation and amortization expense	42,602	35,373
Stock-based compensation	10,768	13,689
Impairment loss	5,089	1,247
Loss on disposal of property and equipment	2,323	1,130
Deferred income taxes	(656)	7,088
Net losses (gains) on investment in marketable securities	3,751	(1,398)
Net gains on derivative instruments	(9,409)	(3,987)
Shares issued to an employee in lieu of cash compensation	491	1,589
Income tax expense related to write-down of long-term deposits	5,908	—
Other noncash	51	1,327
Changes in operating assets and liabilities, net of acquisitions:
Accounts and other receivables	(17,634)	17,616
Merchandise inventories	1,215	37,179
Textbook rental inventories	(596)	(21,281)
Prepaid expenses and other current assets	(7,006)	5,039
Changes in lease right-of-use assets and liabilities	12,875	(18,071)
Long-term deposits	52	61
Other assets	9,024	(25,339)
Accounts payable and accrued liabilities	7,708	(188,998)
Other current liabilities	(30)	(7,774)
Deferred revenue	(3,311)	(9,222)
Other long-term liabilities	(13,362)	3,574
Net cash flows provided by (used in) operating activities	59,066	(57,576)
Cash flows from investing activities:
Purchases of marketable securities and other investments	(62,740)	(101,988)
Proceeds from sale or maturities of marketable securities and other investments	118,907	138,885
Proceeds from sale of derivative instruments	24,148	16,851
Payments for settlement of derivative instruments	(12,618)	(8,549)
Acquisition of business net of cash acquired	—	(31,379)
Purchase of property and equipment	(16,196)	(11,237)
Proceeds from disposal of property and equipment	—	792
Net cash flows provided by (used in) investing activities	51,501	3,375
Cash flows from financing activities:
Proceeds from borrowings	812,900	836,153
Repayment of borrowing	(845,000)	(834,290)
Proceeds from sale of Barnes & Noble Education common stock, net of commissions and issuance costs	—	78,061
Payment of deferred financing costs	(1,900)	—
Dividends payments to stockholders	(8,050)	(12,854)
Payment for purchases of treasury stock	(10)	(2,376)
Shares withheld to cover payroll taxes	(2,329)	(3,741)
Payment of finance lease principal	(365)	—
Net cash flows provided by (used in) financing activities	(44,754)	60,953
Net increase (decrease) in cash, cash equivalents, and restricted cash	65,813	6,752
Cash, cash equivalents, and restricted cash:
Beginning of period	92,273	85,521
End of period	$158,086	$92,273

Reconciliation of Cash, Cash equivalents, and Restricted cash for Consolidated Balance Sheets:

(In thousands)	2026	2025
Cash and cash equivalents:
Immersion	$129,868	$63,550
Barnes & Noble Education	8,418	9,058
	138,286	72,608
Barnes & Noble Education restricted cash reported as:
Prepaid expenses and other current assets	17,422	17,332
Other assets - noncurrent	2,378	2,333
Total restricted cash	19,800	19,665
Total cash, cash equivalents, and restricted cash	$158,086	$92,273
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$20,047	$16,526
Cash paid for interest	12,531	15,862

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

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