vs
Side-by-side financial comparison of IMMERSION CORP (IMMR) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
IMMERSION CORP is the larger business by last-quarter revenue ($372.9M vs $334.0M, roughly 1.1× WYNDHAM HOTELS & RESORTS, INC.). IMMERSION CORP runs the higher net margin — -4.6% vs -18.0%, a 13.4% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs -76.3%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
IMMR vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $334.0M |
| Net Profit | $-17.0M | $-60.0M |
| Gross Margin | — | — |
| Operating Margin | -2.8% | — |
| Net Margin | -4.6% | -18.0% |
| Revenue YoY | 750.4% | -76.3% |
| Net Profit YoY | -191.3% | -170.6% |
| EPS (diluted) | $-0.57 | $-0.80 |
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.
| Q1 26 | — | $334.0M | ||
| Q4 25 | — | $334.0M | ||
| Q3 25 | — | $382.0M | ||
| Q2 25 | $372.9M | $397.0M | ||
| Q1 25 | $471.3M | $316.0M | ||
| Q4 24 | $616.2M | $336.0M | ||
| Q3 24 | — | $396.0M | ||
| Q2 24 | $95.5M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | — | $-60.0M | ||
| Q3 25 | — | $105.0M | ||
| Q2 25 | $-17.0M | $87.0M | ||
| Q1 25 | $24.1M | $61.0M | ||
| Q4 24 | $30.8M | $85.0M | ||
| Q3 24 | — | $102.0M | ||
| Q2 24 | $26.4M | $86.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -11.4% | ||
| Q3 25 | — | 46.6% | ||
| Q2 25 | -2.8% | 37.8% | ||
| Q1 25 | 7.5% | 35.4% | ||
| Q4 24 | 11.4% | 38.4% | ||
| Q3 24 | — | 43.2% | ||
| Q2 24 | 23.7% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | — | -18.0% | ||
| Q3 25 | — | 27.5% | ||
| Q2 25 | -4.6% | 21.9% | ||
| Q1 25 | 5.1% | 19.3% | ||
| Q4 24 | 5.0% | 25.3% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | 27.7% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | — | $-0.77 | ||
| Q3 25 | — | $1.36 | ||
| Q2 25 | $-0.57 | $1.13 | ||
| Q1 25 | $0.73 | $0.78 | ||
| Q4 24 | $0.93 | $1.06 | ||
| Q3 24 | — | $1.29 | ||
| Q2 24 | $0.81 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | $103.1M | — |
| Stockholders' EquityBook value | $298.1M | $468.0M |
| Total Assets | $1.1B | $4.2B |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | — | $64.0M | ||
| Q3 25 | — | $70.0M | ||
| Q2 25 | $161.4M | $50.0M | ||
| Q1 25 | $153.9M | $48.0M | ||
| Q4 24 | $159.3M | $103.0M | ||
| Q3 24 | — | $72.0M | ||
| Q2 24 | $133.4M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | $103.1M | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | — | $468.0M | ||
| Q3 25 | — | $583.0M | ||
| Q2 25 | $298.1M | $570.0M | ||
| Q1 25 | $317.9M | $579.0M | ||
| Q4 24 | $305.5M | $650.0M | ||
| Q3 24 | — | $583.0M | ||
| Q2 24 | $273.4M | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | $1.1B | $4.3B | ||
| Q1 25 | $1.4B | $4.2B | ||
| Q4 24 | $1.4B | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | $1.2B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | 0.35× | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | — | $367.0M |
| Free Cash FlowOCF − Capex | — | $168.0M |
| FCF MarginFCF / Revenue | — | 50.3% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | — | $152.0M | ||
| Q3 25 | — | $86.0M | ||
| Q2 25 | — | $70.0M | ||
| Q1 25 | $-43.7M | $59.0M | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | — | $79.0M | ||
| Q2 24 | $-85.9M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | — | $136.0M | ||
| Q3 25 | — | $75.0M | ||
| Q2 25 | — | $58.0M | ||
| Q1 25 | $-46.2M | $52.0M | ||
| Q4 24 | — | $109.0M | ||
| Q3 24 | — | $71.0M | ||
| Q2 24 | — | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | -9.8% | 16.5% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 17.9% | ||
| Q2 24 | — | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | 0.5% | 2.2% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | -1.82× | 0.97× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | -3.25× | 0.01× |
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% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
