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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.
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