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Side-by-side financial comparison of IMMERSION CORP (IMMR) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
IMMERSION CORP is the larger business by last-quarter revenue ($372.9M vs $219.1M, roughly 1.7× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -4.6%, a 14.4% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 1.9%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs 4.4%).
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.
Iridium Communications Inc. is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging se...
IMMR vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $219.1M |
| Net Profit | $-17.0M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | -2.8% | 23.2% |
| Net Margin | -4.6% | 9.9% |
| Revenue YoY | 750.4% | 1.9% |
| Net Profit YoY | -191.3% | — |
| EPS (diluted) | $-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.
| Q1 26 | — | $219.1M | ||
| Q4 25 | — | $212.9M | ||
| Q3 25 | — | $226.9M | ||
| Q2 25 | $372.9M | $216.9M | ||
| Q1 25 | $471.3M | $214.9M | ||
| Q4 24 | $616.2M | $213.0M | ||
| Q3 24 | — | $212.8M | ||
| Q2 24 | $95.5M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | — | $24.9M | ||
| Q3 25 | — | $37.1M | ||
| Q2 25 | $-17.0M | $22.0M | ||
| Q1 25 | $24.1M | $30.4M | ||
| Q4 24 | $30.8M | $36.3M | ||
| Q3 24 | — | $24.4M | ||
| Q2 24 | $26.4M | $32.3M |
| Q1 26 | — | 23.2% | ||
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 30.9% | ||
| Q2 25 | -2.8% | 23.2% | ||
| Q1 25 | 7.5% | 28.1% | ||
| Q4 24 | 11.4% | 24.5% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | 23.7% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | — | 11.7% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | -4.6% | 10.1% | ||
| Q1 25 | 5.1% | 14.2% | ||
| Q4 24 | 5.0% | 17.1% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | 27.7% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.24 | ||
| Q3 25 | — | $0.35 | ||
| Q2 25 | $-0.57 | $0.20 | ||
| Q1 25 | $0.73 | $0.27 | ||
| Q4 24 | $0.93 | $0.30 | ||
| Q3 24 | — | $0.21 | ||
| Q2 24 | $0.81 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $161.4M | — |
| Total DebtLower is stronger | $103.1M | — |
| Stockholders' EquityBook value | $298.1M | — |
| Total Assets | $1.1B | — |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $96.5M | ||
| Q3 25 | — | $88.5M | ||
| Q2 25 | $161.4M | $79.3M | ||
| Q1 25 | $153.9M | $50.9M | ||
| Q4 24 | $159.3M | $93.5M | ||
| Q3 24 | — | $159.6M | ||
| Q2 24 | $133.4M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $462.6M | ||
| Q3 25 | — | $450.5M | ||
| Q2 25 | $298.1M | $473.6M | ||
| Q1 25 | $317.9M | $518.4M | ||
| Q4 24 | $305.5M | $576.6M | ||
| Q3 24 | — | $663.8M | ||
| Q2 24 | $273.4M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | $1.1B | $2.6B | ||
| Q1 25 | $1.4B | $2.6B | ||
| Q4 24 | $1.4B | $2.7B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | $1.2B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IMMR
| Course Material Sale | $150.9M | 40% |
| General Merchandise Sale | $138.0M | 37% |
| Rental Services | $51.8M | 14% |
| Services And Other Revenue | $25.6M | 7% |
| Per Unit Royalties | $1.8M | 0% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
