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Immersion vs Xerox: revenue, profit, margins and growth compared

Immersion brought in $1.7B of revenue in fiscal 2026, Xerox $7B in fiscal 2025. Revenue changed by +11.2% at Immersion and +12.9% at Xerox on the year before, so Xerox grew faster. Immersion kept 0.3% of its revenue as net profit, Xerox -14.7%. Free cash flow was $42.9M at Immersion and $187M at Xerox.

Side by side, latest fiscal year

IMMRXRX
Fiscal year endedFY2026 (April 30, 2026)FY2025 (December 31, 2025)
Revenue$1.7B$7B
Revenue growth+11.2%+12.9%
Net income$4.5M-$1B
Net margin0.3%-14.7%
Free cash flow$42.9M$187M
Free cash flow margin2.5%2.7%
Earnings per share (diluted)$0.14-$8.25
Cash$138.3M$512M
Debt$71M$4B
Price to earnings52.0n/a
Market value$241.6M$436M
Dividend yieldn/a6.02%
Rank by revenue in sector#164 of 530 · Technology#70 of 530 · Technology

Over the years

Revenue
IMMR FY2018: $111MIMMR FY2019: $36MIMMR FY2020: $30.5MIMMR FY2021: $35.1MIMMR FY2022: $38.5MIMMR FY2023: $33.9MIMMR FY2025: $1.6BIMMR FY2026: $1.7BXRX FY2019: $9.7BXRX FY2019: $9.1BXRX FY2020: $7BXRX FY2021: $7BXRX FY2022: $7.1BXRX FY2023: $6.9BXRX FY2024: $6.2BXRX FY2025: $7BFY18FY19FY20FY21FY22FY23FY24FY25FY26
IMMR $1.7BXRX $7B
Net income
IMMR FY2018: $54.3MIMMR FY2019: -$20MIMMR FY2020: $5.4MIMMR FY2021: $12.5MIMMR FY2022: $30.7MIMMR FY2023: $34MIMMR FY2025: $64.3MIMMR FY2026: $4.5MXRX FY2019: $361MXRX FY2019: $1.4BXRX FY2020: $192MXRX FY2021: -$455MXRX FY2022: -$322MXRX FY2023: $1MXRX FY2024: -$1.3BXRX FY2025: -$1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
IMMR $4.5MXRX -$1B
Net margin
IMMR FY2018: 49.0%IMMR FY2019: -55.8%IMMR FY2020: 17.7%IMMR FY2021: 35.6%IMMR FY2022: 79.7%IMMR FY2023: 100.2%IMMR FY2025: 4.1%IMMR FY2026: 0.3%XRX FY2019: 3.7%XRX FY2019: 14.9%XRX FY2020: 2.7%XRX FY2021: -6.5%XRX FY2022: -4.5%XRX FY2023: 0.0%XRX FY2024: -21.2%XRX FY2025: -14.7%FY18FY19FY20FY21FY22FY23FY24FY25FY26
IMMR 0.3%XRX -14.7%
Revenue growth
IMMR FY2019: -67.6%IMMR FY2020: -15.3%IMMR FY2021: +15.2%IMMR FY2022: +9.6%IMMR FY2023: -11.8%IMMR FY2026: +11.2%XRX FY2019: -6.2%XRX FY2020: -22.5%XRX FY2021: +0.2%XRX FY2022: +1.0%XRX FY2023: -3.1%XRX FY2024: -9.7%XRX FY2025: +12.9%FY19FY20FY21FY22FY23FY24FY25FY26
IMMR +11.2%XRX +12.9%
Free cash flow
IMMR FY2018: $69.9MIMMR FY2019: -$34.2MIMMR FY2020: -$25KIMMR FY2021: $17.1MIMMR FY2022: $40.1MIMMR FY2023: $20.6MIMMR FY2025: -$68.8MIMMR FY2026: $42.9MXRX FY2019: $1.1BXRX FY2019: $1.3BXRX FY2020: $504MXRX FY2021: $600MXRX FY2022: $123MXRX FY2023: $657MXRX FY2024: $484MXRX FY2025: $187MFY18FY19FY20FY21FY22FY23FY24FY25FY26
IMMR $42.9MXRX $187M

Fiscal years as each company reports them; the two may end in different months.

Questions about Immersion and Xerox

Which is bigger by revenue, Immersion or Xerox?

Xerox is bigger by revenue: $7B in fiscal 2025, against $1.7B for Immersion in fiscal 2026.

Which keeps more of its revenue as profit, Immersion or Xerox?

Immersion had a net margin of 0.3% in fiscal 2026; Xerox had -14.7% in fiscal 2025.

Which grew revenue faster, Immersion or Xerox?

In their latest fiscal years revenue changed by +11.2% at Immersion and +12.9% at Xerox.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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