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Side-by-side financial comparison of IMMERSION CORP (IMMR) and TRUPANION, INC. (TRUP). Click either name above to swap in a different company.
TRUPANION, INC. is the larger business by last-quarter revenue ($376.9M vs $372.9M, roughly 1.0× IMMERSION CORP). On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 11.7%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs 11.0%).
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.
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
IMMR vs TRUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $376.9M |
| Net Profit | $-17.0M | — |
| Gross Margin | — | 17.3% |
| Operating Margin | -2.8% | 1.9% |
| Net Margin | -4.6% | — |
| Revenue YoY | 750.4% | 11.7% |
| Net Profit YoY | -191.3% | — |
| EPS (diluted) | $-0.57 | $0.13 |
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 | — | $376.9M | ||
| Q3 25 | — | $366.9M | ||
| Q2 25 | $372.9M | $353.6M | ||
| Q1 25 | $471.3M | $342.0M | ||
| Q4 24 | $616.2M | $337.3M | ||
| Q3 24 | — | $327.5M | ||
| Q2 24 | $95.5M | $314.8M | ||
| Q1 24 | $43.8M | $306.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-17.0M | — | ||
| Q1 25 | $24.1M | — | ||
| Q4 24 | $30.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $26.4M | — | ||
| Q1 24 | $18.7M | — |
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 14.9% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | — | 12.8% | ||
| Q1 24 | — | 11.8% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | -2.8% | 0.7% | ||
| Q1 25 | 7.5% | -0.4% | ||
| Q4 24 | 11.4% | 0.1% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | 23.7% | -1.7% | ||
| Q1 24 | 37.9% | -2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -4.6% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 27.7% | — | ||
| Q1 24 | 42.5% | — |
| Q4 25 | — | $0.13 | ||
| Q3 25 | — | $0.13 | ||
| Q2 25 | $-0.57 | $0.22 | ||
| Q1 25 | $0.73 | $-0.03 | ||
| Q4 24 | $0.93 | $0.04 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | $0.81 | $-0.14 | ||
| Q1 24 | $0.59 | $-0.16 |
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 | $370.7M |
| Total DebtLower is stronger | $103.1M | $101.8M |
| Stockholders' EquityBook value | $298.1M | $383.9M |
| Total Assets | $1.1B | $915.0M |
| Debt / EquityLower = less leverage | 0.35× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $370.7M | ||
| Q3 25 | — | $348.5M | ||
| Q2 25 | $161.4M | $319.6M | ||
| Q1 25 | $153.9M | $321.8M | ||
| Q4 24 | $159.3M | $307.4M | ||
| Q3 24 | — | $293.1M | ||
| Q2 24 | $133.4M | $277.2M | ||
| Q1 24 | $179.1M | $275.2M |
| Q4 25 | — | $101.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $383.9M | ||
| Q3 25 | — | $368.6M | ||
| Q2 25 | $298.1M | $355.5M | ||
| Q1 25 | $317.9M | $333.7M | ||
| Q4 24 | $305.5M | $323.3M | ||
| Q3 24 | — | $320.2M | ||
| Q2 24 | $273.4M | $305.8M | ||
| Q1 24 | $201.5M | $303.4M |
| Q4 25 | — | $915.0M | ||
| Q3 25 | — | $880.2M | ||
| Q2 25 | $1.1B | $847.8M | ||
| Q1 25 | $1.4B | $837.2M | ||
| Q4 24 | $1.4B | $806.9M | ||
| Q3 24 | — | $816.1M | ||
| Q2 24 | $1.2B | $795.9M | ||
| Q1 24 | $244.7M | $789.5M |
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.39× | ||
| 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 | — | $29.3M |
| Free Cash FlowOCF − Capex | — | $25.3M |
| FCF MarginFCF / Revenue | — | 6.7% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $29.3M | ||
| Q3 25 | — | $29.2M | ||
| Q2 25 | — | $15.0M | ||
| Q1 25 | $-43.7M | $16.0M | ||
| Q4 24 | — | $23.7M | ||
| Q3 24 | — | $15.3M | ||
| Q2 24 | $-85.9M | $6.9M | ||
| Q1 24 | $29.9M | $2.4M |
| Q4 25 | — | $25.3M | ||
| Q3 25 | — | $23.9M | ||
| Q2 25 | — | $12.0M | ||
| Q1 25 | $-46.2M | $14.0M | ||
| Q4 24 | — | $21.8M | ||
| Q3 24 | — | $13.4M | ||
| Q2 24 | — | $4.0M | ||
| Q1 24 | — | $-631.0K |
| Q4 25 | — | 6.7% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | -9.8% | 4.1% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | -0.2% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | 0.5% | 0.6% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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% |
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
