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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and BLACKBERRY Ltd (BB). Click either name above to swap in a different company.

Acadian Asset Management Inc. is the larger business by last-quarter revenue ($172.2M vs $141.8M, roughly 1.2× BLACKBERRY Ltd). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs 9.7%, a 10.5% gap on every dollar of revenue. On growth, Acadian Asset Management Inc. posted the faster year-over-year revenue change (2.6% vs -0.8%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 17.8%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

BlackBerry Limited, formerly Research In Motion (RIM), is a Canadian software company specializing in secure communications and the Internet of Things (IoT). Founded in 1984, it developed the BlackBerry brand of two-way pagers, smartphones, and tablets. The company later transitioned to providing software and services and holds critical software application patents.

AAMI vs BB — Head-to-Head

Bigger by revenue
AAMI
AAMI
1.2× larger
AAMI
$172.2M
$141.8M
BB
Growing faster (revenue YoY)
AAMI
AAMI
+3.5% gap
AAMI
2.6%
-0.8%
BB
Higher net margin
AAMI
AAMI
10.5% more per $
AAMI
20.2%
9.7%
BB
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
17.8%
BB

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AAMI
AAMI
BB
BB
Revenue
$172.2M
$141.8M
Net Profit
$34.7M
$13.7M
Gross Margin
77.5%
Operating Margin
33.3%
8.4%
Net Margin
20.2%
9.7%
Revenue YoY
2.6%
-0.8%
Net Profit YoY
-18.4%
224.5%
EPS (diluted)
$0.97
$0.02

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.

Revenue
AAMI
AAMI
BB
BB
Q4 25
$172.2M
$141.8M
Q3 25
$144.2M
$129.6M
Q2 25
$127.4M
$121.7M
Q1 25
$119.9M
$141.7M
Q4 24
$167.8M
$143.6M
Q3 24
$123.1M
$126.2M
Q2 24
$109.0M
$123.4M
Q1 24
$105.7M
$102.1M
Net Profit
AAMI
AAMI
BB
BB
Q4 25
$34.7M
$13.7M
Q3 25
$15.1M
$13.3M
Q2 25
$10.1M
$1.9M
Q1 25
$20.1M
$-7.4M
Q4 24
$42.5M
$-10.5M
Q3 24
$16.9M
$-19.7M
Q2 24
$11.0M
$-41.4M
Q1 24
$14.6M
$-56.2M
Gross Margin
AAMI
AAMI
BB
BB
Q4 25
77.5%
Q3 25
74.5%
Q2 25
74.2%
Q1 25
73.5%
Q4 24
78.1%
Q3 24
70.2%
Q2 24
72.9%
Q1 24
Operating Margin
AAMI
AAMI
BB
BB
Q4 25
33.3%
8.4%
Q3 25
18.4%
8.9%
Q2 25
12.7%
1.6%
Q1 25
26.6%
-5.6%
Q4 24
38.7%
13.6%
Q3 24
21.9%
1.7%
Q2 24
18.9%
-10.5%
Q1 24
21.7%
50.0%
Net Margin
AAMI
AAMI
BB
BB
Q4 25
20.2%
9.7%
Q3 25
10.5%
10.3%
Q2 25
7.9%
1.6%
Q1 25
16.8%
-5.2%
Q4 24
25.3%
-7.3%
Q3 24
13.7%
-15.6%
Q2 24
10.1%
-33.5%
Q1 24
13.8%
-55.0%
EPS (diluted)
AAMI
AAMI
BB
BB
Q4 25
$0.97
$0.02
Q3 25
$0.42
$0.02
Q2 25
$0.28
$0.00
Q1 25
$0.54
$-0.01
Q4 24
$1.11
$-0.02
Q3 24
$0.45
$-0.03
Q2 24
$0.29
$-0.07
Q1 24
$0.37
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
BB
BB
Cash + ST InvestmentsLiquidity on hand
$304.2M
Total DebtLower is stronger
$200.0M
$196.2M
Stockholders' EquityBook value
$741.1M
Total Assets
$677.0M
$1.2B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
BB
BB
Q4 25
$304.2M
Q3 25
$290.5M
Q2 25
$306.6M
Q1 25
$337.8M
Q4 24
$220.0M
Q3 24
$211.0M
Q2 24
$229.0M
Q1 24
$237.1M
Total Debt
AAMI
AAMI
BB
BB
Q4 25
$200.0M
$196.2M
Q3 25
$195.9M
Q2 25
$195.6M
Q1 25
$195.3M
Q4 24
$275.0M
Q3 24
Q2 24
Q1 24
$194.1M
Stockholders' Equity
AAMI
AAMI
BB
BB
Q4 25
$741.1M
Q3 25
$725.1M
Q2 25
$725.1M
Q1 25
$719.9M
Q4 24
$725.2M
Q3 24
$732.1M
Q2 24
$742.6M
Q1 24
$775.1M
Total Assets
AAMI
AAMI
BB
BB
Q4 25
$677.0M
$1.2B
Q3 25
$751.4M
$1.2B
Q2 25
$672.3M
$1.2B
Q1 25
$677.3M
$1.3B
Q4 24
$703.2M
$1.3B
Q3 24
$555.2M
$1.3B
Q2 24
$533.1M
$1.3B
Q1 24
$544.9M
$1.4B
Debt / Equity
AAMI
AAMI
BB
BB
Q4 25
0.26×
Q3 25
0.27×
Q2 25
0.27×
Q1 25
0.27×
Q4 24
Q3 24
Q2 24
Q1 24
0.25×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
BB
BB
Operating Cash FlowLast quarter
$-2.4M
$18.3M
Free Cash FlowOCF − Capex
$17.4M
FCF MarginFCF / Revenue
12.3%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
-0.07×
1.34×
TTM Free Cash FlowTrailing 4 quarters
$42.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
BB
BB
Q4 25
$-2.4M
$18.3M
Q3 25
$-23.9M
$3.9M
Q2 25
$61.6M
$-18.0M
Q1 25
$-48.8M
$41.6M
Q4 24
$55.8M
$6.0M
Q3 24
$69.6M
$-16.0M
Q2 24
$45.7M
$-15.1M
Q1 24
$-40.4M
$-15.5M
Free Cash Flow
AAMI
AAMI
BB
BB
Q4 25
$17.4M
Q3 25
$3.1M
Q2 25
$-18.9M
Q1 25
$41.2M
Q4 24
$5.2M
Q3 24
$-16.5M
Q2 24
$-16.5M
Q1 24
$-17.6M
FCF Margin
AAMI
AAMI
BB
BB
Q4 25
12.3%
Q3 25
2.4%
Q2 25
-15.5%
Q1 25
29.1%
Q4 24
3.6%
Q3 24
-13.1%
Q2 24
-13.4%
Q1 24
-17.2%
Capex Intensity
AAMI
AAMI
BB
BB
Q4 25
0.6%
Q3 25
0.6%
Q2 25
0.7%
Q1 25
0.3%
Q4 24
0.6%
Q3 24
0.4%
Q2 24
1.1%
Q1 24
2.1%
Cash Conversion
AAMI
AAMI
BB
BB
Q4 25
-0.07×
1.34×
Q3 25
-1.58×
0.29×
Q2 25
6.10×
-9.47×
Q1 25
-2.43×
Q4 24
1.31×
Q3 24
4.12×
Q2 24
4.15×
Q1 24
-2.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

BB
BB

QNX$68.7M48%
Secure Communication$67.0M47%
Licensing$6.1M4%

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