Immersion (STU:IMV) Operating Income: €33 Mil (TTM As of Apr. 2026)

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STU:IMV Immersion Corp STU:IMV
61 GF Score
Price €6.62
! 10 Warning Signs
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What is Immersion Operating Income?

Immersion STU:IMV -0.38% 61 Operating Income is €33 Mil as of Apr. 2026. GuruFocus rates STU:IMV with a GF Score™ of 61/100. The stock has 10 warning signs investors should review.

Immersion's Operating Income for the three months ended in Apr. 2026 was €10 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was €33 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Immersion's Operating Income for the three months ended in Apr. 2026 was €10 Mil. Immersion's Revenue for the three months ended in Apr. 2026 was €231 Mil. Therefore, Immersion's Operating Margin % for the quarter that ended in Apr. 2026 was 4.18%.

Warning Sign:

Immersion Corp operating margin has been in a 5-year decline. The average rate of decline per year is -33.1%.

Immersion's 5-Year average Growth Rate for Operating Margin % was -33.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Immersion's annualized ROC % for the quarter that ended in Apr. 2026 was 4.09%. Immersion's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 9.29%.


Immersion  (STU:IMV) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Immersion's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=38.636 * ( 1 - 33.25% )/( (688.171 + 574.377)/ 2 )
=25.78953/631.274
=4.09 %

where

Invested Capital(Q: Jan. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1219.245 - 379.663 - ( 151.411 - max(0, 471.432 - 862.387+151.411))
=688.171

Invested Capital(Q: Apr. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=899.752 - 171.087 - ( 154.288 - max(0, 250.815 - 577.255+154.288))
=574.377

Note: The Operating Income data used here is four times the quarterly (Apr. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Immersion's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2026  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=39.992/( ( (194.779 + max(273.568, 0)) + (162.839 + max(229.851, 0)) )/ 2 )
=39.992/( ( 468.347 + 392.69 )/ 2 )
=39.992/430.5185
=9.29 %

where Working Capital is:

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(356.361 + 317.497 + 37.118) - (379.663 + 47.539 + 10.206)
=273.568

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(101.435 + 278.202 + 43.33) - (171.087 + 11.41 + 10.619)
=229.851

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Immersion's Operating Margin % for the quarter that ended in Apr. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2026 )/Revenue (Q: Apr. 2026 )
=9.659/230.85
=4.18 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Immersion Operating Income Related Terms


Immersion Operating Income Historical Data

* Premium members only.

The historical data trend for Immersion's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Immersion Operating Income Chart

Immersion Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Apr25 Apr26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.97 23.05 16.44 104.95 26.51

Immersion Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.28 -20.10 38.10 5.11 9.66
STU:IMV
61GF Score
Immersion Corp STU:IMV
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Immersion Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €33 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €33 Mil mean?
Immersion (STU:IMV) has a Operating Income of €33 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Immersion and its competitors.
Is Immersion's Operating Income too high?
Immersion's current Operating Income is €33 Mil. Overall, Immersion has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Immersion's Operating Income compare to DSP and RTB?
Immersion's Operating Income of €33 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Software company?
A good Operating Income depends on the Software industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Immersion and its competitors. Immersion's current Operating Income is €33 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Immersion stock overvalued right now?
Immersion (STU:IMV) has a current Operating Income of €33 Mil. The current Operating Income is €33 Mil. Immersion's overall GF Score™ is 61/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Immersion (STU:IMV), the current Operating Income is €33 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Immersion Business Description

Other Exchanges IMMR:USAIMV:Germany
Address 2999 N.E. 191st Street, Suite 610, Aventura, FL, USA, 33180
Immersion Corp is focused on the creation, design, development, and licensing of haptic technologies that allow people to use its sense of touch more fully as it involves engaging with products and experience the digital world. The company's software focuses on applications in mobile devices, wearables, consumer, and gaming devices markets. It generates revenue from royalty and license fees, and development contract and service fees. Geographically, the company generates a majority of its revenue from Japan, followed by Korea, Germany, United States of America and other countries.
61GF Score

Get the complete analysis for STU:IMV

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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