Immersion Corporation

Immersion Corporation reported strong financial results for fiscal year 2025, driven by the acquisition of Barnes & Noble Education (BNED) on June 10, 2024. Total revenues reached $1.56 billion, a significant increase from $33.9 million in the prior calendar year, primarily due to BNED's product and rental sales. Operating income was $118.0 million, and net income attributable to Immersion stockholders was $64.3 million, resulting in earnings per share of $2.00 (basic and diluted). The company's balance sheet shows total assets of $1.10 billion, with stockholders' equity of $558.7 million. However, operating cash flow was negative $57.6 million, largely due to changes in working capital from the BNED acquisition. The acquisition diversifies Immersion into the education sector and creates a new reportable segment.

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