REVENUE RECOGNITION (Tables)
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9 Months Ended |
Jan. 31, 2026 |
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| Immersion |
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| Disaggregation of Revenue [Line Items] |
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| Schedule of disaggregation of revenue |
The following table presents the disaggregation of Immersion’s revenue for the three and nine months ended January 31, 2026 and 2025 (in thousands):
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Three Months Ended January 31, |
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Nine Months Ended January 31, |
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2026 |
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2025 |
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2026 |
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2025 |
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As Restated |
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As Restated |
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Fixed fee license revenue |
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$ |
734 |
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$ |
5,754 |
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$ |
2,206 |
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$ |
61,756 |
|
Per-unit royalty revenue |
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|
2,662 |
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|
2,683 |
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|
|
10,822 |
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|
|
9,233 |
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Total royalty and license revenue |
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$ |
3,396 |
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$ |
8,437 |
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|
$ |
13,028 |
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$ |
70,989 |
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| Schedule of deferred revenue |
The following table presents changes in deferred revenue associated with our contract liabilities (in thousands):
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January 31,
2026 |
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April 30,
2025 |
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Deferred revenue beginning of the period |
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$ |
8,728 |
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$ |
20,472 |
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Additions to deferred revenue during the period |
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|
— |
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|
|
882 |
|
Reductions to deferred revenue for revenue recognized during the period |
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|
(2,206 |
) |
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|
(12,626 |
) |
Deferred revenue balance end of the period |
|
$ |
6,522 |
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|
$ |
8,728 |
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| Barnes & Noble Education, Inc. |
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| Disaggregation of Revenue [Line Items] |
|
| Schedule of disaggregation of revenue |
The following table presents disaggregated the revenue associated with Barnes & Noble Education’s major products and service offerings (in thousands):
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Three Months Ended January 31, |
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Nine Months Ended |
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From June 10, 2024 to |
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2026 |
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2025 |
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January 31, 2026 |
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January 31, 2025 |
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As Restated |
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As Restated |
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Course material product sales |
$ |
357,757 |
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$ |
304,245 |
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$ |
974,621 |
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$ |
794,397 |
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General merchandise product sales (a) |
|
95,136 |
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|
97,313 |
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|
302,546 |
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|
258,062 |
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Services and other revenue (b) |
|
18,932 |
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|
18,105 |
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|
67,048 |
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|
56,996 |
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Total product and other revenue |
|
471,825 |
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|
|
419,663 |
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|
1,344,215 |
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|
|
1,109,455 |
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Course materials rental income |
|
43,267 |
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|
43,162 |
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|
103,451 |
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|
90,556 |
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Total revenue |
$ |
515,092 |
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|
$ |
462,825 |
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|
$ |
1,447,666 |
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$ |
1,200,011 |
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a)Logo general merchandise sales are recognized on a net basis as commission revenue in the condensed consolidated financial statements. b)Service and other revenue primarily relates to brand partnership marketing and other service revenues.
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| Schedule of deferred revenue |
The following table presents changes in deferred revenue associated with Barnes & Noble Education's contract liabilities (in thousands):
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January 31,
2026 |
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April 30,
2025 |
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Deferred revenue as of the beginning of the period |
|
$ |
13,566 |
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$ |
11,044 |
|
Additions to deferred revenue during the period |
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|
172,546 |
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|
173,969 |
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Reductions to deferred revenue for revenue recognized during the period |
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|
(130,328 |
) |
|
|
(171,447 |
) |
Deferred revenue balance at the end of period |
|
$ |
55,784 |
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$ |
13,566 |
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|