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Side-by-side financial comparison of IMMERSION CORP (IMMR) and WORKIVA INC (WK). Click either name above to swap in a different company.
IMMERSION CORP is the larger business by last-quarter revenue ($372.9M vs $247.3M, roughly 1.5× WORKIVA INC). WORKIVA INC runs the higher net margin — 7.7% vs -4.6%, a 12.2% gap on every dollar of revenue. On growth, IMMERSION CORP posted the faster year-over-year revenue change (750.4% vs 19.9%). Over the past eight quarters, IMMERSION CORP's revenue compounded faster (537.9% CAGR vs 18.0%).
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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
IMMR vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $372.9M | $247.3M |
| Net Profit | $-17.0M | $19.0M |
| Gross Margin | — | 80.4% |
| Operating Margin | -2.8% | 25.8% |
| Net Margin | -4.6% | 7.7% |
| Revenue YoY | 750.4% | 19.9% |
| Net Profit YoY | -191.3% | — |
| EPS (diluted) | $-0.57 | $0.33 |
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 | — | $247.3M | ||
| Q4 25 | — | $238.9M | ||
| Q3 25 | — | $224.2M | ||
| Q2 25 | $372.9M | $215.2M | ||
| Q1 25 | $471.3M | $206.3M | ||
| Q4 24 | $616.2M | $199.9M | ||
| Q3 24 | — | $185.6M | ||
| Q2 24 | $95.5M | $177.5M |
| Q1 26 | — | $19.0M | ||
| Q4 25 | — | $11.8M | ||
| Q3 25 | — | $2.8M | ||
| Q2 25 | $-17.0M | $-19.4M | ||
| Q1 25 | $24.1M | $-21.4M | ||
| Q4 24 | $30.8M | $-8.8M | ||
| Q3 24 | — | $-17.0M | ||
| Q2 24 | $26.4M | $-17.5M |
| Q1 26 | — | 80.4% | ||
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% |
| Q1 26 | — | 25.8% | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | -2.8% | -10.3% | ||
| Q1 25 | 7.5% | -12.0% | ||
| Q4 24 | 11.4% | -6.7% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | 23.7% | -13.0% |
| Q1 26 | — | 7.7% | ||
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | -4.6% | -9.0% | ||
| Q1 25 | 5.1% | -10.4% | ||
| Q4 24 | 5.0% | -4.4% | ||
| Q3 24 | — | -9.2% | ||
| Q2 24 | 27.7% | -9.9% |
| Q1 26 | — | $0.33 | ||
| Q4 25 | — | $0.21 | ||
| Q3 25 | — | $0.05 | ||
| Q2 25 | $-0.57 | $-0.35 | ||
| Q1 25 | $0.73 | $-0.38 | ||
| Q4 24 | $0.93 | $-0.15 | ||
| Q3 24 | — | $-0.31 | ||
| Q2 24 | $0.81 | $-0.32 |
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 | $334.3M |
| Total DebtLower is stronger | $103.1M | — |
| Stockholders' EquityBook value | $298.1M | — |
| Total Assets | $1.1B | $1.4B |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $334.3M | ||
| Q4 25 | — | $338.8M | ||
| Q3 25 | — | $315.9M | ||
| Q2 25 | $161.4M | $284.3M | ||
| Q1 25 | $153.9M | $242.0M | ||
| Q4 24 | $159.3M | $301.8M | ||
| Q3 24 | — | $248.2M | ||
| Q2 24 | $133.4M | $267.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $-5.4M | ||
| Q3 25 | — | $-36.9M | ||
| Q2 25 | $298.1M | $-66.5M | ||
| Q1 25 | $317.9M | $-75.7M | ||
| Q4 24 | $305.5M | $-41.7M | ||
| Q3 24 | — | $-50.8M | ||
| Q2 24 | $273.4M | $-77.7M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $1.2B | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | — |
| Free Cash FlowOCF − Capex | — | $25.7M |
| FCF MarginFCF / Revenue | — | 10.4% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $171.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $51.0M | ||
| Q3 25 | — | $46.2M | ||
| Q2 25 | — | $50.3M | ||
| Q1 25 | $-43.7M | $-7.4M | ||
| Q4 24 | — | $44.0M | ||
| Q3 24 | — | $18.9M | ||
| Q2 24 | $-85.9M | $-14.0K |
| Q1 26 | — | $25.7M | ||
| Q4 25 | — | $50.7M | ||
| Q3 25 | — | $46.1M | ||
| Q2 25 | — | $49.3M | ||
| Q1 25 | $-46.2M | $-8.1M | ||
| Q4 24 | — | $43.2M | ||
| Q3 24 | — | $18.7M | ||
| Q2 24 | — | $-122.0K |
| Q1 26 | — | 10.4% | ||
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 22.9% | ||
| Q1 25 | -9.8% | -3.9% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | 0.5% | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.31× | ||
| Q3 25 | — | 16.57× | ||
| Q2 25 | — | — | ||
| Q1 25 | -1.82× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -3.25× | — |
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% |
WK
| Subscription and support | $225.4M | 91% |
| Other | $22.0M | 9% |
