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Side-by-side financial comparison of IMMERSION CORP (IMMR) and Pacira BioSciences, Inc. (PCRX). Click either name above to swap in a different company.
IMMERSION CORP is the larger business by last-quarter revenue ($372.9M vs $177.4M, roughly 2.1× Pacira BioSciences, Inc.). Pacira BioSciences, Inc. runs the higher net margin — 1.6% vs -4.6%, a 6.2% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 5.0%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs -0.2%).
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.
Pacira BioSciences, Inc. is a specialty pharmaceutical company focused on developing and commercializing non-opioid pain management solutions. Its core product line targets post-surgical pain relief for patients, serving hospitals, ambulatory surgery centers and other healthcare providers primarily in the U.S., with ongoing expansion efforts in select international markets.
IMMR vs PCRX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $177.4M |
| Net Profit | $-17.0M | $2.9M |
| Gross Margin | — | — |
| Operating Margin | -2.8% | 3.9% |
| Net Margin | -4.6% | 1.6% |
| Revenue YoY | 750.4% | 5.0% |
| Net Profit YoY | -191.3% | — |
| EPS (diluted) | $-0.57 | $0.07 |
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 | — | $177.4M | ||
| Q4 25 | — | $196.9M | ||
| Q3 25 | — | $179.5M | ||
| Q2 25 | $372.9M | $181.1M | ||
| Q1 25 | $471.3M | $168.9M | ||
| Q4 24 | $616.2M | $187.3M | ||
| Q3 24 | — | $168.6M | ||
| Q2 24 | $95.5M | $178.0M |
| Q1 26 | — | $2.9M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $5.4M | ||
| Q2 25 | $-17.0M | $-4.8M | ||
| Q1 25 | $24.1M | $4.8M | ||
| Q4 24 | $30.8M | — | ||
| Q3 24 | — | $-143.5M | ||
| Q2 24 | $26.4M | $18.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 80.9% | ||
| Q2 25 | — | 77.4% | ||
| Q1 25 | — | 79.7% | ||
| Q4 24 | — | 78.7% | ||
| Q3 24 | — | 76.9% | ||
| Q2 24 | — | 75.1% |
| Q1 26 | — | 3.9% | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | -2.8% | 4.7% | ||
| Q1 25 | 7.5% | 1.2% | ||
| Q4 24 | 11.4% | 13.2% | ||
| Q3 24 | — | -82.8% | ||
| Q2 24 | 23.7% | 15.9% |
| Q1 26 | — | 1.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | -4.6% | -2.7% | ||
| Q1 25 | 5.1% | 2.8% | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | — | -85.1% | ||
| Q2 24 | 27.7% | 10.6% |
| Q1 26 | — | $0.07 | ||
| Q4 25 | — | $0.05 | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | $-0.57 | $-0.11 | ||
| Q1 25 | $0.73 | $0.10 | ||
| Q4 24 | $0.93 | $0.38 | ||
| Q3 24 | — | $-3.11 | ||
| Q2 24 | $0.81 | $0.39 |
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 | $144.3M |
| Total DebtLower is stronger | $103.1M | — |
| Stockholders' EquityBook value | $298.1M | $653.9M |
| Total Assets | $1.1B | $1.2B |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $144.3M | ||
| Q4 25 | — | $238.4M | ||
| Q3 25 | — | $246.3M | ||
| Q2 25 | $161.4M | $445.9M | ||
| Q1 25 | $153.9M | $493.6M | ||
| Q4 24 | $159.3M | $484.6M | ||
| Q3 24 | — | $453.8M | ||
| Q2 24 | $133.4M | $404.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $372.2M | ||
| Q3 25 | — | $376.7M | ||
| Q2 25 | $103.1M | $580.5M | ||
| Q1 25 | — | $583.4M | ||
| Q4 24 | — | $585.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $653.9M | ||
| Q4 25 | — | $693.1M | ||
| Q3 25 | — | $727.2M | ||
| Q2 25 | $298.1M | $757.8M | ||
| Q1 25 | $317.9M | $798.5M | ||
| Q4 24 | $305.5M | $778.3M | ||
| Q3 24 | — | $749.6M | ||
| Q2 24 | $273.4M | $879.3M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | $1.2B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | 0.35× | 0.77× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | — | 0.75× | ||
| 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% |
PCRX
| EXPAREL | $143.3M | 81% |
| ZILRETTA | $26.8M | 15% |
| iovera° | $6.2M | 3% |
| Bupivacaine liposome injectable suspension | $1.2M | 1% |
