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Side-by-side financial comparison of IMMERSION CORP (IMMR) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
IMMERSION CORP is the larger business by last-quarter revenue ($372.9M vs $245.3M, roughly 1.5× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -4.6%, a 15.2% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 2.4%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs 12.8%).
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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
IMMR vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $245.3M |
| Net Profit | $-17.0M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | -2.8% | 18.3% |
| Net Margin | -4.6% | 10.6% |
| Revenue YoY | 750.4% | 2.4% |
| Net Profit YoY | -191.3% | -44.5% |
| EPS (diluted) | $-0.57 | $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.
| Q4 25 | — | $245.3M | ||
| Q3 25 | — | $260.5M | ||
| Q2 25 | $372.9M | $255.5M | ||
| Q1 25 | $471.3M | $222.3M | ||
| Q4 24 | $616.2M | $239.6M | ||
| Q3 24 | — | $238.3M | ||
| Q2 24 | $95.5M | $219.7M | ||
| Q1 24 | $43.8M | $192.6M |
| Q4 25 | — | $26.1M | ||
| Q3 25 | — | $47.2M | ||
| Q2 25 | $-17.0M | $44.1M | ||
| Q1 25 | $24.1M | $42.2M | ||
| Q4 24 | $30.8M | $47.0M | ||
| Q3 24 | — | $49.5M | ||
| Q2 24 | $26.4M | $35.0M | ||
| Q1 24 | $18.7M | $29.7M |
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.8% |
| Q4 25 | — | 18.3% | ||
| Q3 25 | — | 25.1% | ||
| Q2 25 | -2.8% | 24.0% | ||
| Q1 25 | 7.5% | 26.7% | ||
| Q4 24 | 11.4% | 28.0% | ||
| Q3 24 | — | 28.4% | ||
| Q2 24 | 23.7% | 23.3% | ||
| Q1 24 | 37.9% | 21.3% |
| Q4 25 | — | 10.6% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | -4.6% | 17.3% | ||
| Q1 25 | 5.1% | 19.0% | ||
| Q4 24 | 5.0% | 19.6% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | 27.7% | 15.9% | ||
| Q1 24 | 42.5% | 15.4% |
| Q4 25 | — | $0.57 | ||
| Q3 25 | — | $1.01 | ||
| Q2 25 | $-0.57 | $0.94 | ||
| Q1 25 | $0.73 | $0.90 | ||
| Q4 24 | $0.93 | $1.00 | ||
| Q3 24 | — | $1.05 | ||
| Q2 24 | $0.81 | $0.75 | ||
| Q1 24 | $0.59 | $0.63 |
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 | $104.1M |
| Total DebtLower is stronger | $103.1M | $174.4M |
| Stockholders' EquityBook value | $298.1M | $713.1M |
| Total Assets | $1.1B | $1.3B |
| Debt / EquityLower = less leverage | 0.35× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.1M | ||
| Q3 25 | — | $127.1M | ||
| Q2 25 | $161.4M | $140.9M | ||
| Q1 25 | $153.9M | $160.2M | ||
| Q4 24 | $159.3M | $137.5M | ||
| Q3 24 | — | $124.8M | ||
| Q2 24 | $133.4M | $129.5M | ||
| Q1 24 | $179.1M | $138.8M |
| Q4 25 | — | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | $103.1M | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
| Q4 25 | — | $713.1M | ||
| Q3 25 | — | $764.0M | ||
| Q2 25 | $298.1M | $736.0M | ||
| Q1 25 | $317.9M | $685.1M | ||
| Q4 24 | $305.5M | $631.2M | ||
| Q3 24 | — | $613.3M | ||
| Q2 24 | $273.4M | $574.8M | ||
| Q1 24 | $201.5M | $573.6M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | — | $996.3M | ||
| Q2 24 | $1.2B | $942.5M | ||
| Q1 24 | $244.7M | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | 0.35× | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.28× |
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 | — | $31.0M |
| Free Cash FlowOCF − Capex | — | $11.4M |
| FCF MarginFCF / Revenue | — | 4.7% |
| Capex IntensityCapex / Revenue | — | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.0M | ||
| Q3 25 | — | $40.0M | ||
| Q2 25 | — | $17.9M | ||
| Q1 25 | $-43.7M | $46.9M | ||
| Q4 24 | — | $61.1M | ||
| Q3 24 | — | $41.5M | ||
| Q2 24 | $-85.9M | $34.5M | ||
| Q1 24 | $29.9M | $33.4M |
| Q4 25 | — | $11.4M | ||
| Q3 25 | — | $21.2M | ||
| Q2 25 | — | $-14.7M | ||
| Q1 25 | $-46.2M | $16.5M | ||
| Q4 24 | — | $35.4M | ||
| Q3 24 | — | $17.8M | ||
| Q2 24 | — | $14.2M | ||
| Q1 24 | — | $23.6M |
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -5.7% | ||
| Q1 25 | -9.8% | 7.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | 12.2% |
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | 0.5% | 13.7% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 9.2% | ||
| Q1 24 | — | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | -1.82× | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | -3.25× | 0.98× | ||
| Q1 24 | 1.60× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
