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IMMERSION CORP（IMMR）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
UiPath, Inc.的季度营收约是IMMERSION CORP的1.1倍（$411.1M vs $372.9M），UiPath, Inc.净利率更高（48.4% vs -4.6%，领先52.9%），IMMERSION CORP同比增速更快（750.4% vs 15.9%），过去两年IMMERSION CORP的营收复合增速更高（537.9% vs 0.7%）
Immersion Corporation总部位于佛罗里达州阿文图拉，主要研发并授权触觉反馈技术（即触感技术）。公司由路易斯·罗森伯格于1993年创立，目前由律师弗朗西斯·何塞掌管，他同时担任首席执行官与总法律顾问一职。
UiPath是一家全球化软件企业，专注于开发人工智能、智能自动化及流程编排类软件，其产品支持用户搭建与调度AI代理，实现复杂业务流程、工作流的自动化运行，助力各行业客户提升运营效率、降低人力成本。
IMMR vs PATH — 直观对比
营收规模更大
PATH
是对方的1.1倍
$372.9M
营收增速更快
IMMR
高出734.5%
15.9%
净利率更高
PATH
高出52.9%
-4.6%
两年增速更快
IMMR
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $372.9M | $411.1M |
| 净利润 | $-17.0M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | -2.8% | 3.2% |
| 净利率 | -4.6% | 48.4% |
| 营收同比 | 750.4% | 15.9% |
| 净利润同比 | -191.3% | 1966.2% |
| 每股收益（稀释后） | $-0.57 | $0.37 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IMMRPATH
| Q4 25 | — | $411.1M | ||
| Q3 25 | — | $361.7M | ||
| Q2 25 | $372.9M | $356.6M | ||
| Q1 25 | $471.3M | $423.6M | ||
| Q4 24 | $616.2M | $354.7M | ||
| Q3 24 | — | $316.3M | ||
| Q2 24 | $95.5M | $335.1M | ||
| Q1 24 | $43.8M | $405.3M |
净利润IMMRPATH
| Q4 25 | — | $198.8M | ||
| Q3 25 | — | $1.6M | ||
| Q2 25 | $-17.0M | $-22.6M | ||
| Q1 25 | $24.1M | $51.8M | ||
| Q4 24 | $30.8M | $-10.7M | ||
| Q3 24 | — | $-86.1M | ||
| Q2 24 | $26.4M | $-28.7M | ||
| Q1 24 | $18.7M | $33.9M |
毛利率IMMRPATH
| Q4 25 | — | 83.3% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | — | 82.1% | ||
| Q1 25 | — | 84.8% | ||
| Q4 24 | — | 82.0% | ||
| Q3 24 | — | 80.0% | ||
| Q2 24 | — | 83.5% | ||
| Q1 24 | — | 86.8% |
营业利润率IMMRPATH
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | -5.6% | ||
| Q2 25 | -2.8% | -4.6% | ||
| Q1 25 | 7.5% | 7.9% | ||
| Q4 24 | 11.4% | -12.2% | ||
| Q3 24 | — | -32.7% | ||
| Q2 24 | 23.7% | -14.8% | ||
| Q1 24 | 37.9% | 3.7% |
净利率IMMRPATH
| Q4 25 | — | 48.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | -4.6% | -6.3% | ||
| Q1 25 | 5.1% | 12.2% | ||
| Q4 24 | 5.0% | -3.0% | ||
| Q3 24 | — | -27.2% | ||
| Q2 24 | 27.7% | -8.6% | ||
| Q1 24 | 42.5% | 8.4% |
每股收益（稀释后）IMMRPATH
| Q4 25 | — | $0.37 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | $-0.57 | $-0.04 | ||
| Q1 25 | $0.73 | $0.09 | ||
| Q4 24 | $0.93 | $-0.02 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | $0.81 | $-0.05 | ||
| Q1 24 | $0.59 | $0.07 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $161.4M | $1.4B |
| 总债务越低越好 | $103.1M | — |
| 股东权益账面价值 | $298.1M | $1.9B |
| 总资产 | $1.1B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.35× | — |
8季度趋势，按日历期对齐
现金及短期投资IMMRPATH
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $161.4M | $1.6B | ||
| Q1 25 | $153.9M | $1.6B | ||
| Q4 24 | $159.3M | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $133.4M | $1.9B | ||
| Q1 24 | $179.1M | $1.9B |
总债务IMMRPATH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IMMRPATH
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $298.1M | $1.7B | ||
| Q1 25 | $317.9M | $1.8B | ||
| Q4 24 | $305.5M | $1.7B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | $273.4M | $2.0B | ||
| Q1 24 | $201.5M | $2.0B |
总资产IMMRPATH
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | $1.1B | $2.6B | ||
| Q1 25 | $1.4B | $2.9B | ||
| Q4 24 | $1.4B | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | $1.2B | $2.8B | ||
| Q1 24 | $244.7M | $3.0B |
负债/权益比IMMRPATH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $28.3M |
| 自由现金流经营现金流 - 资本支出 | — | $25.1M |
| 自由现金流率自由现金流/营收 | — | 6.1% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | — | 0.14× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流IMMRPATH
| Q4 25 | — | $28.3M | ||
| Q3 25 | — | $41.6M | ||
| Q2 25 | — | $119.0M | ||
| Q1 25 | $-43.7M | $146.1M | ||
| Q4 24 | — | $28.1M | ||
| Q3 24 | — | $46.4M | ||
| Q2 24 | $-85.9M | $100.0M | ||
| Q1 24 | $29.9M | $145.6M |
自由现金流IMMRPATH
| Q4 25 | — | $25.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $106.2M | ||
| Q1 25 | $-46.2M | $138.7M | ||
| Q4 24 | — | $23.2M | ||
| Q3 24 | — | $45.0M | ||
| Q2 24 | — | $98.8M | ||
| Q1 24 | — | $141.8M |
自由现金流率IMMRPATH
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 29.8% | ||
| Q1 25 | -9.8% | 32.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 29.5% | ||
| Q1 24 | — | 35.0% |
资本支出强度IMMRPATH
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | 0.5% | 1.7% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.9% |
现金转化率IMMRPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 26.25× | ||
| Q2 25 | — | — | ||
| Q1 25 | -1.82× | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -3.25× | — | ||
| Q1 24 | 1.60× | 4.29× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
