)

Immersion (IMMR) investor relations material
Immersion Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Reported consolidated results for the quarter and nine months ended January 31, 2025, reflecting the acquisition of a controlling interest in Barnes & Noble Education (BNED) on June 10, 2024.
The company operates in two segments: Immersion (IP licensing) and BNED (education retail and services).
Significant revenue and profit growth were driven by the inclusion of BNED, new license agreements, and cost management.
GAAP net income attributable to stockholders was $15.5M ($0.47 per diluted share); non-GAAP net income was $20.8M ($0.63 per diluted share).
Over $9M was returned to shareholders via dividends and buybacks during the quarter.
Financial highlights
Total revenue for the quarter was $474.8M, up from $9.5M in the comparable prior year period; nine-month revenue was $1.27B, up from $23.5M.
Net income for the quarter was $19.4M, compared to $2.7M in the prior year; nine-month net income was $87.6M, up from $18.0M.
Diluted EPS for the quarter was $0.47, up from $0.08; nine-month diluted EPS was $2.12, up from $0.55.
Operating income for the quarter was $26.2M, up from $6.5M; nine-month operating income was $102.1M, up from $12.9M.
Cash, cash equivalents, and current investments totaled $153.9M as of January 31, 2025.
Outlook and guidance
Management expects continued growth in BNED's First Day Complete program and further expansion of digital and affordable access offerings.
The company anticipates ongoing investment in IP, technology, and e-commerce capabilities, with a focus on scaling BNED's solutions and maintaining strong capital allocation discipline.
Next Immersion earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage