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Immersion
(NASDAQ:IMMR)
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Rating:56Neutral
Price Target:
$7.50
▼(-3.72% Downside)
Action:Reiterated
Date:09/15/26
The score is primarily driven by mid-range financial performance: solid TTM revenue growth and improved TTM cash flow/leverage are tempered by very low current margins/returns and volatility in cash generation. Technicals are a notable drag due to weak near-term momentum, while valuation and ongoing dividend support the score.
Positive Factors
Asset-light haptics licensing
Immersion’s licensing model monetizes proprietary haptics patents and technology through fixed fees and/or usage-based royalties. This can support recurring, asset-light revenue as third-party devices adopt tactile feedback, while retaining upside from shipment-linked usage.
Negative Factors
Very thin profitability
Very low net margins and returns on equity show that current revenue is producing limited profit relative to the company’s capital base. This leaves less earnings cushion for investment, dividends, or unexpected operating variability and weakens confidence in near-term profit durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light haptics licensing
Immersion’s licensing model monetizes proprietary haptics patents and technology through fixed fees and/or usage-based royalties. This can support recurring, asset-light revenue as third-party devices adopt tactile feedback, while retaining upside from shipment-linked usage.
Read all positive factors
Immersion (IMMR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$241.08M
Dividend Yield3.73%
Average Volume (3M)375.02K
Price to Earnings (P/E)21.3
Beta (1Y)1.31
Revenue Growth4.12%
EPS Growth-68.41%
CountryUS
Employees14
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.34
Shares Outstanding33,206,040
10 Day Avg. Volume458,208
30 Day Avg. Volume375,017
Financial Highlights & Ratios
PEG Ratio-0.50
Price to Book (P/B)0.75
Price to Sales (P/S)0.13
P/FCF Ratio-6.05
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$13.50Price Target Upside73.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.26
Revenue Forecast (FY)N/A
Immersion Business Overview & Revenue Model
Company Description
Immersion Corporation, through its affiliated entities, specializes in the innovation, development, and licensing of haptic technologies. These advancements enable individuals to engage with and perceive digital products via their sense of touch a...
How the Company Makes Money
Immersion primarily makes money by monetizing its haptics intellectual property and related technology through licensing arrangements. The company licenses patents and other proprietary haptics technology to third-party manufacturers and technolog...
Immersion Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
60
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Jan 2026 | Jan 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.73B | 1.73B | 1.56B | 33.92M | 38.46M | 35.09M |
| Gross Profit | 352.09M | 325.08M | 1.48B | 33.92M | 38.46M | 35.00M |
| EBITDA | 75.92M | 80.83M | 168.93M | 42.98M | 27.11M | 17.39M |
| Net Income | 10.33M | 4.52M | 64.28M | 33.98M | 30.66M | 12.48M |
Balance Sheet | ||||||
| Total Assets | 1.18B | 1.43B | 1.37B | 215.73M | 190.11M | 175.52M |
| Cash, Cash Equivalents and Short-Term Investments | 220.95M | 177.92M | 153.91M | 160.36M | 149.74M | 137.92M |
| Total Debt | 272.82M | 310.77M | 322.14M | 39.00K | 486.00K | 1.10M |
| Total Liabilities | 617.28M | 870.72M | 804.25M | 32.63M | 32.41M | 34.23M |
| Stockholders Equity | 298.99M | 295.38M | 319.17M | 183.10M | 157.70M | 141.29M |
Cash Flow | ||||||
| Free Cash Flow | 61.13M | -36.56M | -68.81M | 20.60M | 40.12M | 17.11M |
| Operating Cash Flow | 77.12M | -24.78M | -57.58M | 20.60M | 40.15M | 17.45M |
| Investing Cash Flow | 68.46M | 46.09M | 3.38M | 3.40M | -29.41M | -87.68M |
| Financing Cash Flow | -62.22M | 24.52M | 60.95M | -16.75M | -13.41M | 62.20M |
Immersion Technical Analysis
Negative
7.79
Price Trends
7.41
Negative
6.94
Positive
6.54
Positive
Market Momentum
-0.04
Positive
46.23
Neutral
36.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IMMR, the sentiment is Negative. The current price of 7.79 is above the 20-day moving average (MA) of 7.37, above the 50-day MA of 7.41, and above the 200-day MA of 6.54, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 46.23 is Neutral, neither overbought nor oversold. The STOCH value of 36.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IMMR.
Immersion Risk Analysis
Immersion disclosed 57 risk factors in its most recent earnings report. Immersion reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Immersion Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $147.35M | 18.05 | 10.20% | ― | 3.06% | -72.26% | |
58 Neutral | $220.93M | -26.28 | -4.27% | ― | 24.27% | 48.44% | |
56 Neutral | $241.08M | 21.26 | 3.45% | 3.73% | 4.12% | -68.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | $108.58M | -2.19 | -151.55% | ― | -0.16% | 35.72% |
* General Sector Average
IMMR
Immersion
7.23
0.24
3.48%
ASUR
Asure
7.57
-0.46
-5.73%
EGAN
eGain
5.82
-3.02
-34.22%
NRDY
Nerdy
8.16
-10.44
-56.13%
Immersion Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Immersion Posts Higher Q1 Profit and Maintains Dividend
Positive
Sep 14, 2026
On September 14, 2026, Immersion reported results for the first quarter of fiscal 2027, ended July 31, 2026, posting total revenues of $294.4 million, up slightly from $292.0 million a year earlier. GAAP net income attributable to stockholders imp...
DividendsShareholder Meetings
Immersion Declares Quarterly Cash Dividend to Shareholders
Positive
Jul 2, 2026
On July 1, 2026, Immersion Corporation’s board set October 7, 2026 as the date for its FY 2026 Annual Meeting of Stockholders, significantly shifting it from the prior year’s schedule and triggering revised governance timelines. The co...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.