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Side-by-side financial comparison of IMMERSION CORP (IMMR) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
IMMERSION CORP is the larger business by last-quarter revenue ($372.9M vs $253.4M, roughly 1.5× Palomar Holdings, Inc.). On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 62.7%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs 46.2%).
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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
IMMR vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $253.4M |
| Net Profit | $-17.0M | — |
| Gross Margin | — | — |
| Operating Margin | -2.8% | 28.7% |
| Net Margin | -4.6% | — |
| Revenue YoY | 750.4% | 62.7% |
| Net Profit YoY | -191.3% | — |
| EPS (diluted) | $-0.57 | $2.05 |
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 | — | $253.4M | ||
| Q3 25 | — | $244.7M | ||
| Q2 25 | $372.9M | $203.3M | ||
| Q1 25 | $471.3M | $174.6M | ||
| Q4 24 | $616.2M | $155.8M | ||
| Q3 24 | — | $148.5M | ||
| Q2 24 | $95.5M | $131.1M | ||
| Q1 24 | $43.8M | $118.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $51.5M | ||
| Q2 25 | $-17.0M | $46.5M | ||
| Q1 25 | $24.1M | $42.9M | ||
| Q4 24 | $30.8M | — | ||
| Q3 24 | — | $30.5M | ||
| Q2 24 | $26.4M | $25.7M | ||
| Q1 24 | $18.7M | $26.4M |
| Q4 25 | — | 28.7% | ||
| Q3 25 | — | 27.4% | ||
| Q2 25 | -2.8% | 29.5% | ||
| Q1 25 | 7.5% | 30.8% | ||
| Q4 24 | 11.4% | 28.9% | ||
| Q3 24 | — | 25.9% | ||
| Q2 24 | 23.7% | 25.5% | ||
| Q1 24 | 37.9% | 29.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | -4.6% | 22.9% | ||
| Q1 25 | 5.1% | 24.6% | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | — | 20.5% | ||
| Q2 24 | 27.7% | 19.6% | ||
| Q1 24 | 42.5% | 22.3% |
| Q4 25 | — | $2.05 | ||
| Q3 25 | — | $1.87 | ||
| Q2 25 | $-0.57 | $1.68 | ||
| Q1 25 | $0.73 | $1.57 | ||
| Q4 24 | $0.93 | $1.29 | ||
| Q3 24 | — | $1.15 | ||
| Q2 24 | $0.81 | $1.00 | ||
| Q1 24 | $0.59 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | $103.1M | — |
| Stockholders' EquityBook value | $298.1M | $942.7M |
| Total Assets | $1.1B | $3.1B |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $106.9M | ||
| Q3 25 | — | $111.7M | ||
| Q2 25 | $161.4M | $81.3M | ||
| Q1 25 | $153.9M | $119.3M | ||
| Q4 24 | $159.3M | $80.4M | ||
| Q3 24 | — | $86.5M | ||
| Q2 24 | $133.4M | $47.8M | ||
| Q1 24 | $179.1M | $61.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $942.7M | ||
| Q3 25 | — | $878.1M | ||
| Q2 25 | $298.1M | $847.2M | ||
| Q1 25 | $317.9M | $790.4M | ||
| Q4 24 | $305.5M | $729.0M | ||
| Q3 24 | — | $703.3M | ||
| Q2 24 | $273.4M | $532.6M | ||
| Q1 24 | $201.5M | $501.7M |
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | $1.1B | $2.8B | ||
| Q1 25 | $1.4B | $2.4B | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | $1.2B | $2.0B | ||
| Q1 24 | $244.7M | $1.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $409.1M |
| Free Cash FlowOCF − Capex | — | $409.0M |
| FCF MarginFCF / Revenue | — | 161.4% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $409.1M | ||
| Q3 25 | — | $83.6M | ||
| Q2 25 | — | $120.9M | ||
| Q1 25 | $-43.7M | $87.2M | ||
| Q4 24 | — | $261.2M | ||
| Q3 24 | — | $100.3M | ||
| Q2 24 | $-85.9M | $55.1M | ||
| Q1 24 | $29.9M | $33.1M |
| Q4 25 | — | $409.0M | ||
| Q3 25 | — | $83.6M | ||
| Q2 25 | — | $120.8M | ||
| Q1 25 | $-46.2M | $87.1M | ||
| Q4 24 | — | $260.9M | ||
| Q3 24 | — | $100.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 161.4% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 59.4% | ||
| Q1 25 | -9.8% | 49.9% | ||
| Q4 24 | — | 167.5% | ||
| Q3 24 | — | 67.4% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | 0.5% | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | 2.60× | ||
| Q1 25 | -1.82× | 2.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | -3.25× | 2.14× | ||
| Q1 24 | 1.60× | 1.26× |
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% |
PLMR
Segment breakdown not available.
