Demonstrações financeiras detalhadas de Immersion Corporation (IMMR): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Immersion Corporation registou receitas de $1.73B no último exercício, com um CAGR de 5 anos de 124.3%. O lucro líquido atingiu $4.5M, com CAGR de 5 anos de -3.5%.
Margens dos últimos 12 meses: margem bruta 20.8%, margem operacional 1.5%, margem líquida 0.3%.
Ao preço atual de $7.12, IMMR negocia a um P/L de 50.86 e um ROE de 1.51%. A capitalização de mercado é de $236M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 |
|---|
| Receita | $57.1M | $35.0M | $111.0M | $36.0M | $30.5M | $35.1M | $38.5M | $33.9M | $1.56B | $1.73B |
| Custo da Receita | $197000 | $197000 | $218000 | $170000 | $168000 | $88000 | $4000 | 0 | $75.3M | $1.41B |
| Lucro Bruto | $56.9M | $34.8M | $110.8M | $35.8M | $30.3M | $35.0M | $38.5M | $33.9M | $1.48B | $325.1M |
| P&D | $13.4M | $11.8M | $9.7M | $7.8M | $5.0M | $4.2M | $1.4M | $281000 | 0 | 0 |
| Despesas Gerais e Administrativas | $58.8M | $66.9M | $47.9M | $49.4M | $23.1M | $13.1M | $12.7M | $15.7M | $1.33B | $296.9M |
| Despesas Operacionais | $72.2M | $80.2M | $57.7M | $57.2M | $28.1M | $17.2M | $14.0M | $16.0M | $1.36B | $296.9M |
| Lucro Operacional | -$15.3M | -$45.4M | $53.1M | -$21.5M | $2.2M | $17.8M | $24.4M | $17.9M | $117.9M | $28.1M |
| EBITDA | -$14.4M | -$42.8M | $54.0M | -$19.3M | $4.2M | $17.4M | $27.1M | $43.0M | $168.9M | $80.8M |
| Despesas com Juros | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $9.6M | $12.9M |
| Lucro Antes de Impostos | -$14.5M | -$44.8M | $54.7M | -$19.6M | $3.2M | $17.3M | $27.0M | $42.9M | $119.3M | $26.0M |
| Imposto | $25.5M | $480000 | $392000 | $471000 | -$2.2M | $4.8M | -$3.7M | $8.9M | $25.7M | $16.8M |
| Lucro Líquido | -$39.4M | -$45.3M | $54.3M | -$20.0M | $5.4M | $12.5M | $30.7M | $34.0M | $64.3M | $4.5M |
| LPA | $-1.37 | $-1.55 | $1.78 | $-0.64 | $0.19 | $0.40 | $0.92 | $1.05 | $4.19 | $0.14 |
| LPA Diluído | $-1.37 | $-1.55 | $1.73 | $-0.64 | $0.19 | $0.39 | $0.92 | $1.04 | $4.11 | $0.14 |
| Ações em Circulação (Diluídas) | $28.8M | $29.2M | $31.4M | $31.5M | $28.5M | $31.8M | $33.5M | $32.5M | $33.1M | $32.9M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Receita | $650.2M | $518.5M | $270.0M | $294.4M |
| Lucro Bruto | $135.1M | $92.9M | $73.9M | $50.2M |
| Lucro Operacional | $44.4M | $5.0M | $147000 | -$20.6M |
| EBITDA | $55.1M | $20.1M | $11.1M | -$10.4M |
| Lucro Líquido | $12.0M | -$10.3M | $3.7M | $4.9M |
| LPA | $0.37 | $-0.31 | $0.11 | $0.17 |
| LPA Diluído | $0.36 | $-0.31 | $0.11 | $0.17 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|
| Caixa e Equivalentes | $56.9M | $24.6M | $111.0M | $86.5M | $59.5M | $51.5M | $48.8M | $56.1M | $77.7M | $129.8M |
| Investimentos de Curto Prazo | $32.9M | $21.9M | $13.9M | $3.0M | 0 | $86.4M | $100.9M | $104.3M | $76.2M | $48.1M |
| Contas a Receber | $1.4M | $806000 | $1.1M | $3.4M | $13.8M | $14.4M | $8.9M | $10.0M | $365.1M | $418.8M |
| Estoque | 0 | 0 | 0 | 0 | 0 | $13.2M | 0 | 0 | $367.9M | $373.1M |
| Ativos Circulantes | $94.0M | $48.1M | $135.8M | $107.0M | $74.3M | $153.3M | $160.3M | $172.4M | $926.0M | $1.01B |
| Imobilizado | $4.0M | $3.1M | $2.3M | $1.2M | $209000 | $444000 | $293000 | $247000 | $251.3M | $76.7M |
| Ágio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $10.1M | $69.2M |
| Ativos Intangíveis | $365000 | $344000 | 0 | 0 | 0 | $257000 | 0 | 0 | $92.5M | $88.7M |
| Ativos Totais | $103.8M | $52.0M | $146.0M | $124.8M | $96.1M | $175.5M | $190.1M | $215.7M | $1.37B | $1.43B |
| Contas a Pagar | $6.0M | $6.6M | $3.6M | $809000 | $149000 | $2000 | $86000 | $47000 | $303.6M | $319.3M |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $74.5M | 0 |
| Passivos Circulantes | $21.0M | $19.1M | $15.3M | $11.8M | $8.8M | $16.6M | $17.9M | $19.3M | $538.6M | $554.0M |
| Dívida de Longo Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $141.2M | $138.4M |
| Passivos Totais | $48.4M | $42.3M | $46.3M | $41.1M | $32.1M | $34.2M | $32.4M | $32.6M | $804.2M | $870.7M |
| Reservas | -$119.3M | -$171.6M | -$98.5M | -$118.6M | -$113.2M | -$100.7M | -$70.0M | -$36.0M | $41.7M | $30.0M |
| Patrimônio Líquido | $55.3M | $9.7M | $99.7M | $83.8M | $64.0M | $141.3M | $157.7M | $183.1M | $319.2M | $295.4M |
| Dívida Total | 0 | 0 | 0 | $1.1M | $1.4M | $1.1M | $486000 | $39000 | $322.1M | $310.8M |
| Dívida Líquida | -$89.8M | -$46.5M | -$124.9M | -$88.3M | -$58.1M | -$136.8M | -$149.3M | -$160.3M | $168.2M | $132.8M |
| Capital de Giro | $73.0M | $29.0M | $120.5M | $95.1M | $65.6M | $136.7M | $142.4M | $153.1M | $387.4M | $459.4M |
Balanço (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Caixa e Equivalentes | $126.9M | $129.8M | $155.7M | $186.2M |
| Ativos Totais | $1.38B | $1.43B | $1.12B | $1.18B |
| Passivos Totais | $803.2M | $870.7M | $552.0M | $617.3M |
| Patrimônio Líquido | $306.9M | $295.4M | $297.2M | $299.0M |
| Dívida Total | $299.6M | $310.8M | $222.7M | $149.3M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|
| Lucro Líquido | -$40.0M | -$45.3M | $54.3M | -$20.0M | $5.4M | $12.5M | $30.7M | $34.0M | $93.6M | $3.0M |
| Depreciação e Amortização | $910000 | $968000 | $855000 | $2.2M | $1.9M | $762000 | $812000 | $67000 | $35.4M | $31.6M |
| Compensação em Ações | $6.1M | $6.1M | $8.7M | $5.5M | $4.8M | $2.3M | $3.6M | $3.4M | $15.3M | $9.0M |
| Variação Capital de Giro | $55.0M | -$5.6M | $6.0M | -$23.2M | -$9.6M | -$2.4M | $7.0M | -$4.2M | -$207.2M | -$69.6M |
| Fluxo de Caixa Operacional | $22.0M | -$43.8M | $69.9M | -$34.1M | $22000 | $17.4M | $40.1M | $20.6M | -$57.6M | -$24.8M |
| CapEx | -$343000 | -$125000 | -$74000 | -$150000 | -$47000 | -$335000 | -$30000 | 0 | -$11.2M | -$11.8M |
| Aquisições | 0 | 0 | 0 | -$11.1M | 0 | -$5.4M | $4000 | 0 | -$31.4M | 0 |
| Recompra de Ações | -$729000 | -$328000 | $218000 | -$2.7M | -$30.6M | 0 | -$13.2M | -$8.3M | -$2.4M | -$2.2M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$7.4M | -$12.9M | -$5.5M |
| Fluxo de Caixa Livre | $21.7M | -$44.0M | $69.8M | -$34.2M | -$25000 | $17.1M | $40.1M | $20.6M | -$68.8M | -$36.6M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Fluxo de Caixa Operacional | $70.6M | -$33.8M | $83.8M | -$43.6M |
| CapEx | -$4.3M | -$3.7M | -$4.4M | -$3.5M |
| Fluxo de Caixa Livre | $66.3M | -$37.5M | $79.4M | -$47.1M |
| Dividendos Pagos | -$3.0M | -$2.5M | -$2.5M | -$2.5M |
| Compensação em Ações | $2.7M | $1.7M | 0 | $2.0M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 |
|---|
| Crescimento Receita (anual) | | -38.7% | +217.0% | -67.6% | -15.3% | +15.2% | +9.6% | -11.8% | +4487.0% | +11.2% |
| Crescimento Lucro Líquido (anual) | | -15.0% | +220.0% | -136.9% | +126.9% | +131.1% | +145.6% | +10.8% | +89.2% | -93.0% |
| Crescimento LPA (anual) | | -13.1% | +214.8% | -136.0% | +129.7% | +110.5% | +130.0% | +14.1% | +299.0% | -96.7% |
| Variação de Ações (anual) | | +1.5% | +7.6% | +0.4% | -9.7% | +11.6% | +5.5% | -2.9% | +1.6% | -0.4% |
| Crescimento FCF (anual) | | -302.6% | +258.9% | -149.0% | +99.9% | +68556.0% | +134.4% | -48.6% | -434.0% | +46.9% |
| Margem Bruta | 99.7% | 99.4% | 99.8% | 99.5% | 99.4% | 99.7% | 100.0% | 100.0% | 95.2% | 18.8% |
| Margem Operacional | -26.7% | -129.7% | 47.8% | -59.7% | 7.3% | 50.7% | 63.5% | 52.9% | 7.6% | 1.6% |
| Margem EBITDA | -25.1% | -122.3% | 48.6% | -53.6% | 13.6% | 49.6% | 70.5% | 126.7% | 10.9% | 4.7% |
| Margem Líquida | -69.0% | -129.4% | 49.0% | -55.8% | 17.7% | 35.6% | 79.7% | 100.2% | 4.1% | 0.3% |
| Margem FCF | 38.0% | -125.5% | 62.9% | -95.3% | -0.1% | 48.8% | 104.3% | 60.7% | -4.4% | -2.1% |
| Taxa Efetiva de Imposto | -175.9% | -1.1% | 0.7% | -2.4% | -71.0% | 27.8% | -13.7% | 20.8% | 21.6% | 64.6% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 |
|---|
| FCF por Ação | $0.75 | $-1.51 | $2.22 | $-1.09 | $-0.00 | $0.54 | $1.20 | $0.63 | $-2.08 | $-1.11 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.39 | $0.17 |
| Ações em Circulação (Básicas) | $28.8M | $29.2M | $30.5M | $31.5M | $28.1M | $31.5M | $33.3M | $32.2M | $32.3M | $32.9M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | 1.51% |
| Retorno sobre capital investido | 1.03% |
| Retorno sobre ativos | 0.40% |
| Margem bruta | 20.82% |
| Margem operacional | 1.50% |
| Margem líquida | 0.26% |
Saúde financeira
| Dívida / Patrimônio | 0.75 |
| Liquidez corrente | 2.29 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|
| P/L | -7.76 | -4.55 | 5.03 | -11.61 | 59.42 | 14.27 | 7.64 | 6.72 | 2.00 | 48.00 |
| P/VP | 5.52 | 21.33 | 2.74 | 2.80 | 4.96 | 1.27 | 1.48 | 1.24 | 0.85 | 0.75 |
| P/V | 5.36 | 5.88 | 2.46 | 6.52 | 10.42 | 5.12 | 6.08 | 6.71 | 0.17 | 0.13 |
| Margem Bruta | 99.7% | 99.4% | 99.8% | 99.5% | 99.4% | 99.7% | 100.0% | 100.0% | 95.2% | 18.8% |
| Margem Operacional | -26.7% | -129.7% | 47.8% | -59.7% | 7.3% | 50.7% | 63.5% | 52.9% | 7.6% | 1.6% |
| Margem Líquida | -69.0% | -129.4% | 49.0% | -55.8% | 17.7% | 35.6% | 79.7% | 100.2% | 4.1% | 0.3% |