Immersion

Q4 FY2026 EarningsQ4 FY26 revenue reached $270.0M, down 5.2% YoY, as the consolidation of Barnes & Noble Education (BNED) continues to shift the corporate profile. GAAP net income turned positive at $3.7M ($0.12 per share), recovering from a loss in the prior year. FY26 annual revenue grew 11.2% YoY to $1.73B, though GAAP net income fell to $4.5M from $64.3M due to lower high-margin royalty income and BNED acquisition costs. The company increased its quarterly dividend to $0.075 per share, emphasizing a shift toward regular cash returns over aggressive buybacks.