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IMMERSION CORP（IMMR）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
罗布乐思的季度营收约是IMMERSION CORP的3.8倍（$1.4B vs $372.9M），IMMERSION CORP净利率更高（-4.6% vs -22.3%，领先17.8%），IMMERSION CORP同比增速更快（750.4% vs 43.2%），过去两年IMMERSION CORP的营收复合增速更高（537.9% vs 32.9%）
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。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
IMMR vs RBLX — 直观对比
营收规模更大
RBLX
是对方的3.8倍
$372.9M
营收增速更快
IMMR
高出707.2%
43.2%
净利率更高
IMMR
高出17.8%
-22.3%
两年增速更快
IMMR
近两年复合增速
32.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $372.9M | $1.4B |
| 净利润 | $-17.0M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | -2.8% | -25.3% |
| 净利率 | -4.6% | -22.3% |
| 营收同比 | 750.4% | 43.2% |
| 净利润同比 | -191.3% | -43.9% |
| 每股收益（稀释后） | $-0.57 | $-0.44 |
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IMMRRBLX
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $372.9M | $1.1B | ||
| Q1 25 | $471.3M | $1.0B | ||
| Q4 24 | $616.2M | $988.2M | ||
| Q3 24 | — | $919.0M | ||
| Q2 24 | $95.5M | $893.5M | ||
| Q1 24 | $43.8M | $801.3M |
净利润IMMRRBLX
| Q4 25 | — | $-316.0M | ||
| Q3 25 | — | $-255.6M | ||
| Q2 25 | $-17.0M | $-278.4M | ||
| Q1 25 | $24.1M | $-215.1M | ||
| Q4 24 | $30.8M | $-219.6M | ||
| Q3 24 | — | $-239.3M | ||
| Q2 24 | $26.4M | $-205.9M | ||
| Q1 24 | $18.7M | $-270.6M |
毛利率IMMRRBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.7% |
营业利润率IMMRRBLX
| Q4 25 | — | -25.3% | ||
| Q3 25 | — | -21.8% | ||
| Q2 25 | -2.8% | -29.8% | ||
| Q1 25 | 7.5% | -24.6% | ||
| Q4 24 | 11.4% | -24.7% | ||
| Q3 24 | — | -30.4% | ||
| Q2 24 | 23.7% | -26.6% | ||
| Q1 24 | 37.9% | -37.7% |
净利率IMMRRBLX
| Q4 25 | — | -22.3% | ||
| Q3 25 | — | -18.8% | ||
| Q2 25 | -4.6% | -25.8% | ||
| Q1 25 | 5.1% | -20.8% | ||
| Q4 24 | 5.0% | -22.2% | ||
| Q3 24 | — | -26.0% | ||
| Q2 24 | 27.7% | -23.0% | ||
| Q1 24 | 42.5% | -33.8% |
每股收益（稀释后）IMMRRBLX
| Q4 25 | — | $-0.44 | ||
| Q3 25 | — | $-0.37 | ||
| Q2 25 | $-0.57 | $-0.41 | ||
| Q1 25 | $0.73 | $-0.32 | ||
| Q4 24 | $0.93 | $-0.32 | ||
| Q3 24 | — | $-0.37 | ||
| Q2 24 | $0.81 | $-0.32 | ||
| Q1 24 | $0.59 | $-0.43 |
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 | $3.1B |
| 总债务越低越好 | $103.1M | $1.2B |
| 股东权益账面价值 | $298.1M | $394.5M |
| 总资产 | $1.1B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.35× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资IMMRRBLX
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | $161.4M | $2.6B | ||
| Q1 25 | $153.9M | $2.7B | ||
| Q4 24 | $159.3M | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | $133.4M | $2.4B | ||
| Q1 24 | $179.1M | $2.4B |
总债务IMMRRBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IMMRRBLX
| Q4 25 | — | $394.5M | ||
| Q3 25 | — | $407.6M | ||
| Q2 25 | $298.1M | $353.2M | ||
| Q1 25 | $317.9M | $310.7M | ||
| Q4 24 | $305.5M | $221.4M | ||
| Q3 24 | — | $189.9M | ||
| Q2 24 | $273.4M | $121.5M | ||
| Q1 24 | $201.5M | $71.6M |
总资产IMMRRBLX
| Q4 25 | — | $9.6B | ||
| Q3 25 | — | $8.6B | ||
| Q2 25 | $1.1B | $7.8B | ||
| Q1 25 | $1.4B | $7.5B | ||
| Q4 24 | $1.4B | $7.2B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | $1.2B | $6.5B | ||
| Q1 24 | $244.7M | $6.3B |
负债/权益比IMMRRBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| 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 | — | $607.0M |
| 自由现金流经营现金流 - 资本支出 | — | $308.6M |
| 自由现金流率自由现金流/营收 | — | 21.8% |
| 资本支出强度资本支出/营收 | — | 21.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流IMMRRBLX
| Q4 25 | — | $607.0M | ||
| Q3 25 | — | $546.2M | ||
| Q2 25 | — | $199.3M | ||
| Q1 25 | $-43.7M | $443.9M | ||
| Q4 24 | — | $184.5M | ||
| Q3 24 | — | $247.4M | ||
| Q2 24 | $-85.9M | $151.4M | ||
| Q1 24 | $29.9M | $238.9M |
自由现金流IMMRRBLX
| Q4 25 | — | $308.6M | ||
| Q3 25 | — | $443.6M | ||
| Q2 25 | — | $176.7M | ||
| Q1 25 | $-46.2M | $426.5M | ||
| Q4 24 | — | $120.6M | ||
| Q3 24 | — | $218.0M | ||
| Q2 24 | — | $111.7M | ||
| Q1 24 | — | $192.3M |
自由现金流率IMMRRBLX
| Q4 25 | — | 21.8% | ||
| Q3 25 | — | 32.6% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | -9.8% | 41.2% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 23.7% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 24.0% |
资本支出强度IMMRRBLX
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | 0.5% | 1.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 5.8% |
现金转化率IMMRRBLX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -1.82× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -3.25× | — | ||
| Q1 24 | 1.60× | — |
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% |
RBLX
暂无分部数据
