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Side-by-side financial comparison of IMMERSION CORP (IMMR) and Vroom, Inc. (VRM). Click either name above to swap in a different company.
IMMERSION CORP is the larger business by last-quarter revenue ($372.9M vs $235.9M, roughly 1.6× Vroom, Inc.). IMMERSION CORP runs the higher net margin — -4.6% vs -59.8%, a 55.2% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 12.9%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs -49.5%).
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.
Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, Vroom was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.
IMMR vs VRM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2023
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $235.9M |
| Net Profit | $-17.0M | $-141.1M |
| Gross Margin | — | 12.3% |
| Operating Margin | -2.8% | -11.5% |
| Net Margin | -4.6% | -59.8% |
| Revenue YoY | 750.4% | 12.9% |
| Net Profit YoY | -191.3% | -669.8% |
| EPS (diluted) | $-0.57 | $-80.66 |
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.
| Q2 25 | $372.9M | — | ||
| Q1 25 | $471.3M | — | ||
| Q4 24 | $616.2M | — | ||
| Q2 24 | $95.5M | — | ||
| Q1 24 | $43.8M | — | ||
| Q4 23 | — | $235.9M | ||
| Q3 23 | $9.5M | $235.6M | ||
| Q2 23 | $7.0M | $225.2M |
| Q2 25 | $-17.0M | — | ||
| Q1 25 | $24.1M | — | ||
| Q4 24 | $30.8M | — | ||
| Q2 24 | $26.4M | — | ||
| Q1 24 | $18.7M | — | ||
| Q4 23 | — | $-141.1M | ||
| Q3 23 | $2.7M | $-82.7M | ||
| Q2 23 | $7.0M | $-66.0M |
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | 12.3% | ||
| Q3 23 | — | 20.4% | ||
| Q2 23 | — | 20.4% |
| Q2 25 | -2.8% | — | ||
| Q1 25 | 7.5% | — | ||
| Q4 24 | 11.4% | — | ||
| Q2 24 | 23.7% | — | ||
| Q1 24 | 37.9% | — | ||
| Q4 23 | — | -11.5% | ||
| Q3 23 | 68.8% | -18.0% | ||
| Q2 23 | 44.6% | -23.4% |
| Q2 25 | -4.6% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 5.0% | — | ||
| Q2 24 | 27.7% | — | ||
| Q1 24 | 42.5% | — | ||
| Q4 23 | — | -59.8% | ||
| Q3 23 | 28.3% | -35.1% | ||
| Q2 23 | 100.6% | -29.3% |
| Q2 25 | $-0.57 | — | ||
| Q1 25 | $0.73 | — | ||
| Q4 24 | $0.93 | — | ||
| Q2 24 | $0.81 | — | ||
| Q1 24 | $0.59 | — | ||
| Q4 23 | — | $-80.66 | ||
| Q3 23 | $0.08 | $-47.38 | ||
| Q2 23 | $0.21 | $-37.97 |
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 | $135.6M |
| Total DebtLower is stronger | $103.1M | $454.2M |
| Stockholders' EquityBook value | $298.1M | $127.7M |
| Total Assets | $1.1B | $1.5B |
| Debt / EquityLower = less leverage | 0.35× | 3.56× |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | $161.4M | — | ||
| Q1 25 | $153.9M | — | ||
| Q4 24 | $159.3M | — | ||
| Q2 24 | $133.4M | — | ||
| Q1 24 | $179.1M | — | ||
| Q4 23 | — | $135.6M | ||
| Q3 23 | $150.7M | $208.6M | ||
| Q2 23 | $157.5M | $237.9M |
| Q2 25 | $103.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | $454.2M | ||
| Q3 23 | — | $521.4M | ||
| Q2 23 | — | $544.9M |
| Q2 25 | $298.1M | — | ||
| Q1 25 | $317.9M | — | ||
| Q4 24 | $305.5M | — | ||
| Q2 24 | $273.4M | — | ||
| Q1 24 | $201.5M | — | ||
| Q4 23 | — | $127.7M | ||
| Q3 23 | $169.4M | $263.6M | ||
| Q2 23 | $170.0M | $343.4M |
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $244.7M | — | ||
| Q4 23 | — | $1.5B | ||
| Q3 23 | $204.7M | $1.6B | ||
| Q2 23 | $202.5M | $1.6B |
| Q2 25 | 0.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | 3.56× | ||
| Q3 23 | — | 1.98× | ||
| Q2 23 | — | 1.59× |
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 | — | $-108.1M |
| Free Cash FlowOCF − Capex | — | $-108.8M |
| FCF MarginFCF / Revenue | — | -46.1% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-536.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | — | — | ||
| Q1 25 | $-43.7M | — | ||
| Q4 24 | — | — | ||
| Q2 24 | $-85.9M | — | ||
| Q1 24 | $29.9M | — | ||
| Q4 23 | — | $-108.1M | ||
| Q3 23 | $4.0M | $-193.5M | ||
| Q2 23 | — | $-147.1M |
| Q2 25 | — | — | ||
| Q1 25 | $-46.2M | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | $-108.8M | ||
| Q3 23 | $4.0M | $-194.2M | ||
| Q2 23 | — | $-147.5M |
| Q2 25 | — | — | ||
| Q1 25 | -9.8% | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | -46.1% | ||
| Q3 23 | 42.4% | -82.4% | ||
| Q2 23 | — | -65.5% |
| Q2 25 | — | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | 0.3% | ||
| Q3 23 | 0.0% | 0.3% | ||
| Q2 23 | — | 0.2% |
| Q2 25 | — | — | ||
| Q1 25 | -1.82× | — | ||
| Q4 24 | — | — | ||
| Q2 24 | -3.25× | — | ||
| Q1 24 | 1.60× | — | ||
| Q4 23 | — | — | ||
| Q3 23 | 1.50× | — | ||
| Q2 23 | — | — |
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% |
VRM
Segment breakdown not available.
