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Side-by-side financial comparison of IMMERSION CORP (IMMR) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
IMMERSION CORP is the larger business by last-quarter revenue ($372.9M vs $242.1M, roughly 1.5× ONESPAWORLD HOLDINGS Ltd). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs -4.6%, a 9.5% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 11.5%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs 7.1%).
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.
IMMR vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $242.1M |
| Net Profit | $-17.0M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | -2.8% | 6.8% |
| Net Margin | -4.6% | 5.0% |
| Revenue YoY | 750.4% | 11.5% |
| Net Profit YoY | -191.3% | -16.2% |
| EPS (diluted) | $-0.57 | $0.12 |
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.
| Q4 25 | — | $242.1M | ||
| Q3 25 | — | $258.5M | ||
| Q2 25 | $372.9M | $240.7M | ||
| Q1 25 | $471.3M | $219.6M | ||
| Q4 24 | $616.2M | $217.2M | ||
| Q3 24 | — | $241.7M | ||
| Q2 24 | $95.5M | $224.9M | ||
| Q1 24 | $43.8M | $211.2M |
| Q4 25 | — | $12.1M | ||
| Q3 25 | — | $24.3M | ||
| Q2 25 | $-17.0M | $19.9M | ||
| Q1 25 | $24.1M | $15.3M | ||
| Q4 24 | $30.8M | $14.4M | ||
| Q3 24 | — | $21.6M | ||
| Q2 24 | $26.4M | $15.8M | ||
| Q1 24 | $18.7M | $21.2M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | -2.8% | 9.2% | ||
| Q1 25 | 7.5% | 7.7% | ||
| Q4 24 | 11.4% | 7.9% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | 23.7% | 8.4% | ||
| Q1 24 | 37.9% | 8.0% |
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | -4.6% | 8.3% | ||
| Q1 25 | 5.1% | 7.0% | ||
| Q4 24 | 5.0% | 6.6% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | 27.7% | 7.0% | ||
| Q1 24 | 42.5% | 10.0% |
| Q4 25 | — | $0.12 | ||
| Q3 25 | — | $0.23 | ||
| Q2 25 | $-0.57 | $0.19 | ||
| Q1 25 | $0.73 | $0.15 | ||
| Q4 24 | $0.93 | $0.13 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | $0.81 | $0.15 | ||
| Q1 24 | $0.59 | $0.21 |
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 | $16.3M |
| Total DebtLower is stronger | $103.1M | $84.0M |
| Stockholders' EquityBook value | $298.1M | $542.6M |
| Total Assets | $1.1B | $707.1M |
| Debt / EquityLower = less leverage | 0.35× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $29.6M | ||
| Q2 25 | $161.4M | $35.0M | ||
| Q1 25 | $153.9M | $22.6M | ||
| Q4 24 | $159.3M | $57.4M | ||
| Q3 24 | — | $48.8M | ||
| Q2 24 | $133.4M | $62.5M | ||
| Q1 24 | $179.1M | $65.4M |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | $103.1M | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | — | $542.6M | ||
| Q3 25 | — | $552.8M | ||
| Q2 25 | $298.1M | $548.3M | ||
| Q1 25 | $317.9M | $530.6M | ||
| Q4 24 | $305.5M | $554.5M | ||
| Q3 24 | — | $540.1M | ||
| Q2 24 | $273.4M | $532.7M | ||
| Q1 24 | $201.5M | $515.5M |
| Q4 25 | — | $707.1M | ||
| Q3 25 | — | $732.6M | ||
| Q2 25 | $1.1B | $731.8M | ||
| Q1 25 | $1.4B | $708.7M | ||
| Q4 24 | $1.4B | $746.4M | ||
| Q3 24 | — | $734.0M | ||
| Q2 24 | $1.2B | $756.8M | ||
| Q1 24 | $244.7M | $763.6M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | 0.35× | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $20.0M | ||
| Q3 25 | — | $33.2M | ||
| Q2 25 | — | $20.3M | ||
| Q1 25 | $-43.7M | $10.1M | ||
| Q4 24 | — | $16.6M | ||
| Q3 24 | — | $28.6M | ||
| Q2 24 | $-85.9M | $18.7M | ||
| Q1 24 | $29.9M | $15.0M |
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | — | $17.6M | ||
| Q1 25 | $-46.2M | $8.4M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | — | $17.6M | ||
| Q1 24 | — | $13.7M |
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | -9.8% | 3.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 6.5% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | 0.5% | 0.8% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | -1.82× | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | -3.25× | 1.19× | ||
| Q1 24 | 1.60× | 0.71× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
