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Immersion vs Mitek Systems: IMMR and MITK compared
Immersion is the larger company: $294M of revenue in its latest quarter (Q1 FY27) against $54.0M for Mitek Systems (Q3 FY26). Mitek Systems is growing faster (+18% against +0.8% a year earlier). Mitek Systems is more profitable, with an operating margin of 21.4% against -6.8%.
Where the money goes: IMMR and MITK
Immersion (IMMR) · Q1 FY27
Immersion, Q1 FY27: revenue $294M (+0.8% year over year), operating margin -6.8%, net loss $4.6M, operating cash flow −$43.6M. The chart follows the revenue to costs, profit and cash.
Mitek Systems (MITK) · Q3 FY26
Mitek Systems, Q3 FY26: revenue $54.0M (+18% year over year), operating margin 21.4%, net earnings $8.4M, operating cash flow $27.2M. The chart follows the revenue to costs, profit and cash.
| Immersion (IMMR) | Mitek Systems (MITK) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 FY26 |
| Revenue | $294M | $54.0M |
| Revenue growth, Y/Y | +0.8% | +18% |
| Operating margin | -6.8% | 21.4% |
| Net earnings | −$4.6M | $8.4M |
| Net margin | -1.5% | 15.5% |
| Operating cash flow | −$43.6M | $27.2M |
| Free cash flow | — | $25.3M |
Where the revenue comes from
Immersion
- Barnes and Noble Education Segment: $291M (99%)
- Immersion Segment: $3.8M (1%)
Mitek Systems
- SaaS, maintenance, and other: $33.4M (62%)
- Software license: $20.7M (38%)
Questions
Which is bigger, Immersion or Mitek Systems?
Immersion is the larger company: $294M of revenue in its latest quarter (Q1 FY27) against $54.0M for Mitek Systems (Q3 FY26).
Is Immersion or Mitek Systems growing faster?
Mitek Systems is growing faster (+18% against +0.8% a year earlier).
Which is more profitable, Immersion or Mitek Systems?
Mitek Systems is more profitable, with an operating margin of 21.4% against -6.8%.
More: Immersion earnings · how Immersion makes money · Mitek Systems earnings · how Mitek Systems makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 14, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.