IMMERSION CORP — Form 8-K

Immersion reported fiscal 2026 (ended April 30, 2026) total revenues of $1.73 billion (+11% vs. $1.56B prior year), driven by Barnes Noble Education consolidation (acquired June 10, 2024, now 32.6% owned). However, GAAP net income attributable to Immersion stockholders fell 93% to $4.5M ($0.14/diluted share) from $64.3M ($1.90/share) prior year; non-GAAP net income fell 48% to $60.8M ($1.84/share) from $116.3M ($3.52/share). The company increased its quarterly dividend from $0.045 to $0.075/share in December 2025 and has distributed 15 consecutive quarterly dividends totaling ~$1.01/share since January 2023. Barnes Noble Education ownership diluted to 32.6% from initial 42% due to additional share issuances; Immersion holds 11.2M BNE shares. Long-term debt decreased from $103M to $71M.