浸入科技 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the quarterly period ended July 31, 2025 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the transition period fromtoCommission File Number 001-38334 Immersion Corporation (Exact name of registrant as specified in its charter) 94-3180138 Delaware (State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☐No☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☐No☒ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ Accelerated filer☐Smaller reporting company☒Emerging Growth Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒Number of shares of common stock outstanding at March 20, 2026 was 32,921,888. FORWARD-LOOKING STATEMENTS In this Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2025, Immersion Corporation is referred to usingterms such as the “Company,” “Immersion,” “we,” “us” or “our.” Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes incircumstances that are difficult to predict and many of which are outside of our control. Actual results could differ materially fromthose projected in the forward-looking statements, and therefore, we caution you not to place undue reliance on these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from thoseindicated in the forward-looking statements include, among others, the risk factors contained under Part I, Item 1A, “Risk Factors”in our Annual Report on Form 10-K for the fiscal year ended April 30, 2025, filed with the Securities and Exchange Commission(the “SEC”) on March 12, 2026, as amended on March 13, 2026, Part I, Item 1A, “Risk Factors” in Barnes & Noble EducationInc.’s (“Barnes & Noble Education”) Annual Report on Form 10-K for the fiscal year ended May 2, 2025, filed with the SEC onDecember 23, 2025, and in Part II, Item 1A, “Risk Factors” of this Quarterly Report on Form 10-Q. Any forward-looking statements made by us in this report speak only as of the date of this report, and we do not intend toupdate these forward-looking statements after the filing of this report, unless required to do so by applicable law or regulation. Youare urged to review carefully and consider our various disclosures in this report and in our other reports publicly disclosed or filedwith the SEC that attempt to advise you of the risks and factors that may affect our business. IMMERSION CORPORATIONTABLE OF CONTENTS FINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited)1Condensed Consolidated Balance Sheets as of July 31, 2025 and April 30, 20251Condensed Consolidated Statements of Operations for the Three Months Ended July 31, 2025 and 20243Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three Months Ended July 31,2025 and 20244Condensed Consolidated Statements of Stockholders’ Equity for the Three Months Ended July 31, 2025 and20245Condensed Consolidated Statements of Cash Flows for the Three Months Ended July 31, 2025 and 20246Notes to Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations36Item 3.Quantitative and Qualitative Disclosures About Market Risk43Item 4.Controls and Procedures43PART IIOTHER INFORMATIONItem 1.Legal Proceedings45Item 1A. Risk Factors45Item 2.Unregistered Sales of Equity Securities and Use of Proceeds45Item 6.Exhibits46SIGNATURES47 IMMERSION CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) IMMERSION CORPORATIONCONDENSED CONSOLID