vs
Side-by-side financial comparison of IMMERSION CORP (IMMR) and Perion Network Ltd. (PERI). Click either name above to swap in a different company.
IMMERSION CORP is the larger business by last-quarter revenue ($372.9M vs $368.7M, roughly 1.0× Perion Network Ltd.). Perion Network Ltd. runs the higher net margin — 2.1% vs -4.6%, a 6.6% gap on every dollar of revenue. Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs 16.4%).
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.
Perion Network Ltd. is a publicly traded advertising technology company that provides digital advertising technology solutions to advertisers, agencies, retailers, and publishers. Its core offerings are delivered through Perion One, a unified omnichannel advertising platform designed to support campaign planning, activation, optimisation, and measurement across channels and verticals including connected television (CTV), digital out-of-home (DOOH), display, video advertising, as well as retai...
IMMR vs PERI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $368.7M |
| Net Profit | $-17.0M | $7.7M |
| Gross Margin | — | — |
| Operating Margin | -2.8% | 2.0% |
| Net Margin | -4.6% | 2.1% |
| Revenue YoY | 750.4% | — |
| 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.
| Q3 25 | — | $368.7M | ||
| Q2 25 | $372.9M | $266.5M | ||
| Q1 25 | $471.3M | $157.8M | ||
| Q4 24 | $616.2M | — | ||
| Q3 24 | — | $508.9M | ||
| Q2 24 | $95.5M | $323.6M | ||
| Q1 24 | $43.8M | $145.2M | ||
| Q3 23 | $9.5M | $430.6M |
| Q3 25 | — | $7.7M | ||
| Q2 25 | $-17.0M | $5.6M | ||
| Q1 25 | $24.1M | $11.8M | ||
| Q4 24 | $30.8M | — | ||
| Q3 24 | — | $78.0M | ||
| Q2 24 | $26.4M | $45.2M | ||
| Q1 24 | $18.7M | $23.8M | ||
| Q3 23 | $2.7M | $60.5M |
| Q3 25 | — | 2.0% | ||
| Q2 25 | -2.8% | -1.7% | ||
| Q1 25 | 7.5% | 5.4% | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | 23.7% | 13.7% | ||
| Q1 24 | 37.9% | 16.9% | ||
| Q3 23 | 68.8% | 15.8% |
| Q3 25 | — | 2.1% | ||
| Q2 25 | -4.6% | 2.1% | ||
| Q1 25 | 5.1% | 7.5% | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | 27.7% | 14.0% | ||
| Q1 24 | 42.5% | 16.4% | ||
| Q3 23 | 28.3% | 14.1% |
| Q3 25 | — | — | ||
| Q2 25 | $-0.57 | — | ||
| Q1 25 | $0.73 | — | ||
| Q4 24 | $0.93 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $0.81 | — | ||
| Q1 24 | $0.59 | — | ||
| Q3 23 | $0.08 | — |
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 | $156.2M |
| Total DebtLower is stronger | $103.1M | — |
| Stockholders' EquityBook value | $298.1M | $722.9M |
| Total Assets | $1.1B | $915.5M |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $156.2M | ||
| Q2 25 | $161.4M | $156.2M | ||
| Q1 25 | $153.9M | $156.2M | ||
| Q4 24 | $159.3M | — | ||
| Q3 24 | — | $187.6M | ||
| Q2 24 | $133.4M | $187.6M | ||
| Q1 24 | $179.1M | $187.6M | ||
| Q3 23 | $150.7M | $176.2M |
| Q3 25 | — | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q3 25 | — | $722.9M | ||
| Q2 25 | $298.1M | $722.9M | ||
| Q1 25 | $317.9M | $722.9M | ||
| Q4 24 | $305.5M | — | ||
| Q3 24 | — | $718.1M | ||
| Q2 24 | $273.4M | $718.1M | ||
| Q1 24 | $201.5M | $718.1M | ||
| Q3 23 | $169.4M | $583.1M |
| Q3 25 | — | $915.5M | ||
| Q2 25 | $1.1B | $915.5M | ||
| Q1 25 | $1.4B | $915.5M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $244.7M | $1.1B | ||
| Q3 23 | $204.7M | $870.2M |
| Q3 25 | — | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
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 | — | $2.6M |
| Free Cash FlowOCF − Capex | — | $-2.9M |
| FCF MarginFCF / Revenue | — | -0.8% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $2.6M | ||
| Q2 25 | — | — | ||
| Q1 25 | $-43.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $105.2M | ||
| Q2 24 | $-85.9M | — | ||
| Q1 24 | $29.9M | $17.8M | ||
| Q3 23 | $4.0M | $83.9M |
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | $-46.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $104.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $17.6M | ||
| Q3 23 | $4.0M | $83.2M |
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | -9.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 12.2% | ||
| Q3 23 | 42.4% | 19.3% |
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.1% | ||
| Q3 23 | 0.0% | 0.2% |
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | -1.82× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | -3.25× | — | ||
| Q1 24 | 1.60× | 0.75× | ||
| Q3 23 | 1.50× | 1.39× |
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% |
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
