# Immersion share price today (Immersion Corporation, IMMR)

> Immersion Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. IMMR · Technology · Software - Application · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/immr

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: $7.10 (+6.1% in a year)
- P/E: 21.2× (higher than 61% of the last 1 year)
- Revenue (Jul 2026): $294 M (+0.8% on a year ago)
- Profit (Jul 2026): −$4.6 M
- Operating margin: −6.8% (+1.2 points on a year ago)
- ROE: 2%, FY26
- ROIC: 1.6%, against a 5.3% cost of capital: −3.7 points

The main question: the share price moved +6.1% in a year while yearly earnings per share moved −92.8%. The difference came from the market paying a higher multiple. ## What is the Immersion share price today? Immersion Corporation's share price was $7.10 at the close on 3 November 2026. That is 5.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between $6 and $8, and at that close it sat 72% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 2 weeks running. Over the last 1 year the share price moved −10% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Immersion pay? Immersion Corporation paid $0.24 per share over the last four reported quarters. The most recent declaration was $0.07 for Jul 2026. At today's price of $7.10 that is a yield of 3.38%, based on dividends already paid, not a forecast. ## Which stock lists is Immersion on? Immersion is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is Immersion profitable? Immersion Corporation posted a net loss of $4.6 M in the Jul 2026 quarter. Full-year FY26 profit was $9.2 M. Over 6 years profit has grown 9.3% a year on average. That loss is 1.5% of the quarter's revenue. The same quarter a year earlier lost $13.7 M. 4 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was $9.2 M (−90.2% on the year before). ## How much revenue does Immersion make, and is it growing? Immersion Corporation reported $294 M of revenue in the Jul 2026 quarter, +0.8% on the same quarter a year earlier. Over 6 years it has grown 96.1% a year on average. The last full year, FY26, came in at $1.7 B. The last four reported quarters add to $1.7 B. FY26 revenue was $1.7 B, +11.2% on the year before. Recent pace: the last four quarters grew +2.8% on average, against 96.1% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +4.1%, against +102.8% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −72.8%, against −44.2% a year (rolling over). ## How much of every $100 of sales does Immersion keep? Immersion Corporation's operating margin was −6.8% in the Jul 2026 quarter, 1.2 percentage points higher than the same quarter a year ago. Across 7 years it has been between 1.1% and 82.6%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed +1.2 percentage points on the year while gross margin changed +0.5 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Immersion's profit turning into cash? Over the last 3 years, 62% of Immersion Corporation's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in $59.1 M of operating cash against $9.2 M of profit. After $16.2 M of spending on assets, $42.9 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Immersion's cash go? Immersion Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $27.8 M on assets over the last 3 years. Averaged over those years that is 0.5% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $27.8 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Immersion's P/E ratio, and how does it compare with its own history? Immersion Corporation's P/E is 21.2×, in the middle of its own history: higher than 61% of past readings. Its usual P/E (the middle reading) is 14.2×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −92.8% while the price moved +6.1%. The price did better than earnings, which pushed the multiple up within its own range. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Immersion business getting better or worse? Immersion Corporation's business is getting worse. Profit and EPS growth are shrinking: profit growth is −72.8% in the latest quarter, against +216.2% at its best in 12 quarters, with ROCE falling at 3.4%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Immersion earn on its capital? Immersion Corporation earned a ROE of 2% in FY26. Its return on capital used (ROIC) is 3.7 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 0.5% net margin and 1.64× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 0.5% net margin × 1.64× asset turnover × 1.85× leverage (assets divided by equity) ≈ 1.5% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 1.6% − 5.3% = −3.7 percentage points. The 5.3% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Immersion have too much debt? Immersion Corporation has total debt of $273 M against shareholder equity of $559 M as of Jul 2026, so its debt is 0.49× its equity. Year by year, that ratio went from 0.00 in FY20 to 0.39 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Immersion shareholding pattern? 10.1% of Immersion Corporation's tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 6.5 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Immersion from balance-sheet trouble? For Immersion Corporation, the Z-score is 2.23. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.23 is in the grey area, neither clearly safe nor clearly in trouble. ## How does Immersion rank in its industry? There is no score against its industry: Immersion Corporation is not among the largest members shown in this industry comparison for Software - Application. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Immersion compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Immersion in size? Immersion is the 135th largest of 142 Software - Application companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Gloo Holdings, Inc., Xperi Inc. and SmartRent, Inc. Just below it: Kaltura, Inc., CURRENC Group Inc. and Expensify, Inc. ### Software - Application companies close in size

1. [Gloo Holdings, Inc.](https://www.sectoralpha.in/us/stocks/gloo) $265 million
2. [Xperi Inc.](https://www.sectoralpha.in/us/stocks/xper) $263 million
3. [SmartRent, Inc.](https://www.sectoralpha.in/us/stocks/smrt) $263 million
4. Immersion Corporation $236 million
5. [Kaltura, Inc.](https://www.sectoralpha.in/us/stocks/kltr) $229 million
6. [CURRENC Group Inc.](https://www.sectoralpha.in/us/stocks/curr) $226 million
7. [Expensify, Inc.](https://www.sectoralpha.in/us/stocks/exfy) $209 million

[All 142 Software - Application companies, largest first](https://www.sectoralpha.in/us/sectors/software-application#all-companies)

### Companies close in size in other industries

1. [Standard BioTools Inc.](https://www.sectoralpha.in/us/stocks/lab) $239 million · Medical Devices
2. [Pitanium Limited](https://www.sectoralpha.in/us/stocks/ptnm) $239 million · Household & Personal Products
3. Immersion Corporation $239 million
4. [RGC Resources, Inc.](https://www.sectoralpha.in/us/stocks/rgco) $239 million · Utilities - Regulated Gas
5. [Ocugen, Inc.](https://www.sectoralpha.in/us/stocks/ocgn) $238 million · Biotechnology

## What else do people ask about Immersion? ### What were Immersion's latest quarterly results? Immersion Corporation reported revenue of $294 M and a net loss of $4.6 M for the Jul 2026 quarter. The operating margin was −6.8%, 1.2 percentage points higher than a year earlier (as of 3 November 2026). ### What is Immersion's market cap? Immersion Corporation's market capitalisation is $236 M at a stock price of $7.10. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Immersion performing? Immersion Corporation's latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 2 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Immersion's stock price go up? This page does not forecast Immersion Corporation's stock price. What it shows instead: the stock price is $7.10. Its P/E of 21.2× is higher than 61% of its own last 1 years. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Immersion in its business cycle? Immersion Corporation's FY26 operating margin was 1.1%, against a 7-year range of 1.1% to 82.6%: the low end of its own range, which is often where recoveries start. The latest quarter was −6.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Immersion story? The main question: the share price moved +6.1% in a year while yearly earnings per share moved −92.8%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Immersion a stock worth studying right now? What the numbers show: Immersion Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

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