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Side-by-side financial comparison of Evolv Technologies Holdings, Inc. (EVLV) and IMMERSION CORP (IMMR). Click either name above to swap in a different company.

IMMERSION CORP is the larger business by last-quarter revenue ($372.9M vs $38.5M, roughly 9.7× Evolv Technologies Holdings, Inc.). Evolv Technologies Holdings, Inc. runs the higher net margin — 28.3% vs -4.6%, a 32.8% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 32.3%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (416.0% CAGR vs 31.8%).

Sentient Technologies was an American artificial intelligence technology company based in San Francisco. Sentient was founded in 2007 and received over $143 million in funding at different points after its inception. As of 2016, Sentient was the world's most well-funded AI company. It focused on e-commerce, online content and trading.

Immersion Corporation is an Aventura, Florida based developer and licensor of touch feedback technology, also known as haptic technology. Immersion Corporation has been accused of being a patent troll. Founded in 1993 by Louis Rosenberg, it is currently headed by lawyer Francis Jose, who serves as both chief executive officer and general counsel.

EVLV vs IMMR — Head-to-Head

Bigger by revenue
IMMR
IMMR
9.7× larger
IMMR
$372.9M
$38.5M
EVLV
Growing faster (revenue YoY)
IMMR
IMMR
+718.1% gap
IMMR
750.4%
32.3%
EVLV
Higher net margin
EVLV
EVLV
32.8% more per $
EVLV
28.3%
-4.6%
IMMR
Faster 2-yr revenue CAGR
IMMR
IMMR
Annualised
IMMR
416.0%
31.8%
EVLV

Income Statement — Q4 2025 vs Q4 2025

Metric
EVLV
EVLV
IMMR
IMMR
Revenue
$38.5M
$372.9M
Net Profit
$10.9M
$-17.0M
Gross Margin
48.4%
Operating Margin
-20.7%
-2.8%
Net Margin
28.3%
-4.6%
Revenue YoY
32.3%
750.4%
Net Profit YoY
169.2%
-191.3%
EPS (diluted)
$0.07
$-0.57

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EVLV
EVLV
IMMR
IMMR
Q4 25
$38.5M
Q3 25
$42.9M
Q2 25
$32.5M
$372.9M
Q1 25
$32.0M
$471.3M
Q4 24
$29.1M
$616.2M
Q3 24
$27.4M
Q2 24
$25.2M
$95.5M
Q1 24
$22.2M
Net Profit
EVLV
EVLV
IMMR
IMMR
Q4 25
$10.9M
Q3 25
$-1.8M
Q2 25
$-40.5M
$-17.0M
Q1 25
$-1.7M
$24.1M
Q4 24
$-15.7M
$30.8M
Q3 24
$-30.4M
Q2 24
$3.4M
$26.4M
Q1 24
$-11.3M
Gross Margin
EVLV
EVLV
IMMR
IMMR
Q4 25
48.4%
Q3 25
49.7%
Q2 25
49.8%
Q1 25
59.8%
Q4 24
57.5%
Q3 24
57.8%
Q2 24
58.5%
Q1 24
54.8%
Operating Margin
EVLV
EVLV
IMMR
IMMR
Q4 25
-20.7%
Q3 25
-20.1%
Q2 25
-53.8%
-2.8%
Q1 25
-45.0%
7.5%
Q4 24
-64.9%
11.4%
Q3 24
-70.0%
Q2 24
-88.7%
23.7%
Q1 24
-98.8%
Net Margin
EVLV
EVLV
IMMR
IMMR
Q4 25
28.3%
Q3 25
-4.2%
Q2 25
-124.6%
-4.6%
Q1 25
-5.3%
5.1%
Q4 24
-54.0%
5.0%
Q3 24
-111.3%
Q2 24
13.6%
27.7%
Q1 24
-50.8%
EPS (diluted)
EVLV
EVLV
IMMR
IMMR
Q4 25
$0.07
Q3 25
$-0.01
Q2 25
$-0.25
$-0.57
Q1 25
$-0.01
$0.73
Q4 24
$-0.10
$0.93
Q3 24
$-0.19
Q2 24
$0.02
$0.81
Q1 24
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EVLV
EVLV
IMMR
IMMR
Cash + ST InvestmentsLiquidity on hand
$49.1M
$161.4M
Total DebtLower is stronger
$28.6M
$103.1M
Stockholders' EquityBook value
$119.4M
$298.1M
Total Assets
$304.4M
$1.1B
Debt / EquityLower = less leverage
0.24×
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVLV
EVLV
IMMR
IMMR
Q4 25
$49.1M
Q3 25
$56.2M
Q2 25
$36.9M
$161.4M
Q1 25
$35.0M
$153.9M
Q4 24
$51.9M
$159.3M
Q3 24
$56.0M
Q2 24
$56.5M
$133.4M
Q1 24
$81.0M
Total Debt
EVLV
EVLV
IMMR
IMMR
Q4 25
$28.6M
Q3 25
$28.5M
Q2 25
$103.1M
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EVLV
EVLV
IMMR
IMMR
Q4 25
$119.4M
Q3 25
$102.2M
Q2 25
$92.7M
$298.1M
Q1 25
$121.1M
$317.9M
Q4 24
$117.7M
$305.5M
Q3 24
$129.0M
Q2 24
$151.2M
$273.4M
Q1 24
$139.8M
Total Assets
EVLV
EVLV
IMMR
IMMR
Q4 25
$304.4M
Q3 25
$304.3M
Q2 25
$280.4M
$1.1B
Q1 25
$256.0M
$1.4B
Q4 24
$268.1M
$1.4B
Q3 24
$278.5M
Q2 24
$269.1M
$1.2B
Q1 24
$280.0M
Debt / Equity
EVLV
EVLV
IMMR
IMMR
Q4 25
0.24×
Q3 25
0.28×
Q2 25
0.35×
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EVLV
EVLV
IMMR
IMMR
Operating Cash FlowLast quarter
$15.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.43×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVLV
EVLV
IMMR
IMMR
Q4 25
$15.6M
Q3 25
$3.5M
Q2 25
$2.1M
Q1 25
$-2.5M
$-43.7M
Q4 24
$3.2M
Q3 24
$3.7M
Q2 24
$-21.6M
$-85.9M
Q1 24
$-16.2M
Free Cash Flow
EVLV
EVLV
IMMR
IMMR
Q4 25
Q3 25
Q2 25
Q1 25
$-46.2M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
EVLV
EVLV
IMMR
IMMR
Q4 25
Q3 25
Q2 25
Q1 25
-9.8%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
EVLV
EVLV
IMMR
IMMR
Q4 25
Q3 25
Q2 25
Q1 25
0.5%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
EVLV
EVLV
IMMR
IMMR
Q4 25
1.43×
Q3 25
Q2 25
Q1 25
-1.82×
Q4 24
Q3 24
Q2 24
-6.31×
-3.25×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EVLV
EVLV

Segment breakdown not available.

IMMR
IMMR

Course Material Sale$150.9M40%
General Merchandise Sale$138.0M37%
Rental Services$51.8M14%
Services And Other Revenue$25.6M7%
Per Unit Royalties$1.8M0%

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