In reply to Dark-Cloud:
I've had a similar problem. Had one thermarest that leaked from a seam, it got replaced on warranty.
The new one, after some use, would go down a bit overnight but not completely flat. I tried submerging and looking for a hole but couldn't find anything, tried a few times, still nothing. I patchedf up a scuffed bit thinking that might be where the hole was but that didn't help. Tried submerging a few more times and eventually found the tiniest stream of bubbles. The hole was so small I couldn't see it. Patched it up and it's fine now.
The one that leaked from the seam gushed out bubbles and was really obvious.
TL;DR Some holes are smaller than you think, keep trying and you'll find it.