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Side-by-side financial comparison of IMMERSION CORP (IMMR) and PRA GROUP INC (PRAA). Click either name above to swap in a different company.
IMMERSION CORP is the larger business by last-quarter revenue ($372.9M vs $333.4M, roughly 1.1× PRA GROUP INC). PRA GROUP INC runs the higher net margin — 17.0% vs -4.6%, a 21.5% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 13.7%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs 14.2%).
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.
PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
IMMR vs PRAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $333.4M |
| Net Profit | $-17.0M | $56.5M |
| Gross Margin | — | — |
| Operating Margin | -2.8% | 37.7% |
| Net Margin | -4.6% | 17.0% |
| Revenue YoY | 750.4% | 13.7% |
| Net Profit YoY | -191.3% | 206.3% |
| EPS (diluted) | $-0.57 | $1.47 |
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 | — | $333.4M | ||
| Q3 25 | — | $311.1M | ||
| Q2 25 | $372.9M | $287.7M | ||
| Q1 25 | $471.3M | $269.6M | ||
| Q4 24 | $616.2M | $293.2M | ||
| Q3 24 | — | $281.5M | ||
| Q2 24 | $95.5M | $284.2M | ||
| Q1 24 | $43.8M | $255.6M |
| Q4 25 | — | $56.5M | ||
| Q3 25 | — | $-407.7M | ||
| Q2 25 | $-17.0M | $42.4M | ||
| Q1 25 | $24.1M | $3.7M | ||
| Q4 24 | $30.8M | $18.5M | ||
| Q3 24 | — | $27.2M | ||
| Q2 24 | $26.4M | $21.5M | ||
| Q1 24 | $18.7M | $3.5M |
| Q4 25 | — | 37.7% | ||
| Q3 25 | — | -101.4% | ||
| Q2 25 | -2.8% | 29.6% | ||
| Q1 25 | 7.5% | 27.7% | ||
| Q4 24 | 11.4% | 32.1% | ||
| Q3 24 | — | 32.0% | ||
| Q2 24 | 23.7% | 31.4% | ||
| Q1 24 | 37.9% | 26.0% |
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | -131.0% | ||
| Q2 25 | -4.6% | 14.7% | ||
| Q1 25 | 5.1% | 1.4% | ||
| Q4 24 | 5.0% | 6.3% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | 27.7% | 7.6% | ||
| Q1 24 | 42.5% | 1.4% |
| Q4 25 | — | $1.47 | ||
| Q3 25 | — | $-10.43 | ||
| Q2 25 | $-0.57 | $1.08 | ||
| Q1 25 | $0.73 | $0.09 | ||
| Q4 24 | $0.93 | $0.47 | ||
| Q3 24 | — | $0.69 | ||
| Q2 24 | $0.81 | $0.54 | ||
| Q1 24 | $0.59 | $0.09 |
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 | $104.4M |
| Total DebtLower is stronger | $103.1M | — |
| Stockholders' EquityBook value | $298.1M | $979.9M |
| Total Assets | $1.1B | $5.1B |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.4M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | $161.4M | $131.6M | ||
| Q1 25 | $153.9M | $128.7M | ||
| Q4 24 | $159.3M | $105.9M | ||
| Q3 24 | — | $141.1M | ||
| Q2 24 | $133.4M | $118.9M | ||
| Q1 24 | $179.1M | $108.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $979.9M | ||
| Q3 25 | — | $928.5M | ||
| Q2 25 | $298.1M | $1.3B | ||
| Q1 25 | $317.9M | $1.2B | ||
| Q4 24 | $305.5M | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $273.4M | $1.1B | ||
| Q1 24 | $201.5M | $1.1B |
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | $1.1B | $5.4B | ||
| Q1 25 | $1.4B | $5.1B | ||
| Q4 24 | $1.4B | $4.9B | ||
| Q3 24 | — | $4.9B | ||
| Q2 24 | $1.2B | $4.7B | ||
| Q1 24 | $244.7M | $4.5B |
| 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 | — | $-85.5M |
| Free Cash FlowOCF − Capex | — | $-90.4M |
| FCF MarginFCF / Revenue | — | -27.1% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-85.5M | ||
| Q3 25 | — | $-10.1M | ||
| Q2 25 | — | $-12.9M | ||
| Q1 25 | $-43.7M | $-52.6M | ||
| Q4 24 | — | $-94.6M | ||
| Q3 24 | — | $-35.0M | ||
| Q2 24 | $-85.9M | $-29.5M | ||
| Q1 24 | $29.9M | $-73.0M |
| Q4 25 | — | $-90.4M | ||
| Q3 25 | — | $-11.3M | ||
| Q2 25 | — | $-14.2M | ||
| Q1 25 | $-46.2M | $-53.5M | ||
| Q4 24 | — | $-98.6M | ||
| Q3 24 | — | $-36.1M | ||
| Q2 24 | — | $-30.8M | ||
| Q1 24 | — | $-73.5M |
| Q4 25 | — | -27.1% | ||
| Q3 25 | — | -3.6% | ||
| Q2 25 | — | -4.9% | ||
| Q1 25 | -9.8% | -19.8% | ||
| Q4 24 | — | -33.6% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | — | -10.8% | ||
| Q1 24 | — | -28.8% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | 0.5% | 0.3% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | — | -1.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.30× | ||
| Q1 25 | -1.82× | -14.37× | ||
| Q4 24 | — | -5.13× | ||
| Q3 24 | — | -1.29× | ||
| Q2 24 | -3.25× | -1.37× | ||
| Q1 24 | 1.60× | -21.01× |
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% |
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
