The Dispatch • Est. 2026— — —
NASDAQ · Technology · Fiscal year endsFY ends April

Immersion Corp

IMMR
$7.15+0.06 (+0.85%)Today
52-week low $5.25high $8.05
11.2% below its 52-week high
What’s priced in

The growth today’s price assumes

To justify today’s price, free cash flow has to grow about -16.5% a year for 10 years.

That takes it from $61.1M over the four quarters to July 2026 to about $10.1M in year 10, growing 3.0% a year after that, against a market value of $237.3M.

Years of growth

How it works: today’s market value is treated as the present value of all the free cash flow the company will ever produce, discounted at the required return. The calculator finds the yearly growth over the chosen years, followed by steady growth for good, that makes the two equal. It is arithmetic on today’s price, not a forecast, and it doesn’t say what the stock is worth.

Yields

Cash, earnings and repurchases against market value

Trailing four quarters to July 2026
Free cash flow yield25.8%Free cash flow over the trailing four quarters ÷ market value
Earnings yield4.4%Net income over the trailing four quarters ÷ market value
Buyback yield—Immersion Corp reported no share repurchases over the trailing four quarters
10-year Treasury4.91%For scale. U.S. Treasury yield curve, Nov 2, 2026
Against its own history

Today’s multiples against past quarter-ends

Each quarter-end since December 2016
P/E23.0×Today
Low 3.7×Median 11.2×High 62.9×

Higher than at 82% of quarter-ends since December 2016. Median 11.2× across 22 quarter-ends. 16 quarter-ends with a loss over the trailing year have no P/E and are left out.

Market value ÷ net income over the trailing four quarters.

EV/sales—Today

No EV/sales today: it needs debt, cash and revenue as of the latest quarter, and the latest filing doesn't give all three in a standard form.

Only 2 quarter-ends have this figure, too few to compare against.

Market value plus debt minus cash, ÷ revenue over the trailing four quarters.

Free cash flow yield25.8%Today
Low -28.8%Median 3.3%High 25.3%

Higher than at every quarter-end since December 2016. Median 3.3% across 26 quarter-ends.

Free cash flow over the trailing four quarters ÷ market value.

Peers

The same figures for similar companies

Today
CompanyMarket valueP/EEV/salesFree cash flow yieldRevenue growth
Immersion IMMR$237.3M23.0×—25.8%-1.1%
Eastman Kodak KODK$858.6M—0.6×54.0%+9.5%
Quantum QMCO$698.3M—2.2×-3.0%+11.3%
CPI Card Group PMTS$290.9M21.2×0.9×26.3%+16.9%
Turtle Beach TBCH$287.6M—1.2×11.2%-17.5%
Corvex MOVELoading its filings. Refresh in a minute.
Xerox XRXLoading its filings. Refresh in a minute.

Peers as listed by Finnhub, U.S. filers only, capped at six. Each figure is worked out the same way as Immersion Corp’s, from that company’s own filings and current price. Companies nobody has opened here yet are read from the SEC in the background.

Market value: today's price × the Jul 15, 2026 share count on the cover of Immersion Corp's latest filing, checked against Finnhub's count.

Trailing figures: the four quarters to July 2026, from Immersion Corp's 10-Q and 10-K filings with the SEC. Free cash flow is operating cash flow minus capital expenditure, calculated by The Dispatch.

History: each quarter-end’s closing price × the share count stated in that quarter’s filing, with stock splits accounted for. Enterprise value is market value plus debt minus cash and equivalents, all as of the same date. Debt is long-term debt as filed; quarterly filings often state only the part due after the coming year, so a quarter’s figure can be slightly lower than a year-end’s. Prices from Twelve Data.