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Side-by-side financial comparison of IMMERSION CORP (IMMR) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
IMMERSION CORP is the larger business by last-quarter revenue ($372.9M vs $188.3M, roughly 2.0× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -4.6%, a 52.5% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs -21.9%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs -15.4%).
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.
IMMR vs RILY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $188.3M |
| Net Profit | $-17.0M | $90.3M |
| Gross Margin | — | 79.5% |
| Operating Margin | -2.8% | 32.3% |
| Net Margin | -4.6% | 47.9% |
| Revenue YoY | 750.4% | -21.9% |
| Net Profit YoY | -191.3% | 1710.8% |
| EPS (diluted) | $-0.57 | $2.78 |
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 | — | $188.3M | ||
| Q3 25 | — | $215.3M | ||
| Q2 25 | $372.9M | $188.2M | ||
| Q1 25 | $471.3M | $197.2M | ||
| Q4 24 | $616.2M | $241.0M | ||
| Q3 24 | — | $225.5M | ||
| Q2 24 | $95.5M | $256.0M | ||
| Q1 24 | $43.8M | $263.4M |
| Q4 25 | — | $90.3M | ||
| Q3 25 | — | $91.1M | ||
| Q2 25 | $-17.0M | $139.5M | ||
| Q1 25 | $24.1M | $-10.0M | ||
| Q4 24 | $30.8M | $-5.6M | ||
| Q3 24 | — | $-284.4M | ||
| Q2 24 | $26.4M | $-433.6M | ||
| Q1 24 | $18.7M | $-49.2M |
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 83.7% | ||
| Q2 25 | — | 81.3% | ||
| Q1 25 | — | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | — | 82.1% | ||
| Q2 24 | — | 84.5% | ||
| Q1 24 | — | 85.3% |
| Q4 25 | — | 32.3% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | -2.8% | 5.7% | ||
| Q1 25 | 7.5% | -31.2% | ||
| Q4 24 | 11.4% | -69.2% | ||
| Q3 24 | — | -36.4% | ||
| Q2 24 | 23.7% | -90.8% | ||
| Q1 24 | 37.9% | -6.1% |
| Q4 25 | — | 47.9% | ||
| Q3 25 | — | 42.3% | ||
| Q2 25 | -4.6% | 74.1% | ||
| Q1 25 | 5.1% | -5.1% | ||
| Q4 24 | 5.0% | -2.3% | ||
| Q3 24 | — | -126.1% | ||
| Q2 24 | 27.7% | -169.4% | ||
| Q1 24 | 42.5% | -18.7% |
| Q4 25 | — | $2.78 | ||
| Q3 25 | — | $2.91 | ||
| Q2 25 | $-0.57 | $4.50 | ||
| Q1 25 | $0.73 | $-0.39 | ||
| Q4 24 | $0.93 | $-0.01 | ||
| Q3 24 | — | $-9.39 | ||
| Q2 24 | $0.81 | $-14.35 | ||
| Q1 24 | $0.59 | $-1.71 |
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 | $226.6M |
| Total DebtLower is stronger | $103.1M | $1.4B |
| Stockholders' EquityBook value | $298.1M | $-171.5M |
| Total Assets | $1.1B | $1.7B |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $226.6M | ||
| Q3 25 | — | $184.2M | ||
| Q2 25 | $161.4M | $267.4M | ||
| Q1 25 | $153.9M | $138.3M | ||
| Q4 24 | $159.3M | $146.9M | ||
| Q3 24 | — | $159.2M | ||
| Q2 24 | $133.4M | $236.9M | ||
| Q1 24 | $179.1M | $190.7M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $103.1M | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $-171.5M | ||
| Q3 25 | — | $-260.5M | ||
| Q2 25 | $298.1M | $-351.7M | ||
| Q1 25 | $317.9M | $-496.8M | ||
| Q4 24 | $305.5M | $-488.2M | ||
| Q3 24 | — | $-497.6M | ||
| Q2 24 | $273.4M | $-218.3M | ||
| Q1 24 | $201.5M | $228.4M |
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | $1.2B | $3.2B | ||
| Q1 24 | $244.7M | $5.0B |
| 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 | — | $26.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $26.2M | ||
| Q3 25 | — | $-60.6M | ||
| Q2 25 | — | $-25.6M | ||
| Q1 25 | $-43.7M | $184.0K | ||
| Q4 24 | — | $-2.7M | ||
| Q3 24 | — | $19.5M | ||
| Q2 24 | $-85.9M | $111.5M | ||
| Q1 24 | $29.9M | $135.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-46.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -9.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | -1.82× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -3.25× | — | ||
| Q1 24 | 1.60× | — |
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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
