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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and BLACKBERRY Ltd (BB). Click either name above to swap in a different company.
BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $110.6M, roughly 1.3× American Assets Trust, Inc.). BLACKBERRY Ltd runs the higher net margin — 9.7% vs 6.1%, a 3.6% gap on every dollar of revenue. On growth, American Assets Trust, Inc. posted the faster year-over-year revenue change (1.8% vs -0.8%). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs -0.1%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
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.
AAT vs BB — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $141.8M |
| Net Profit | $6.7M | $13.7M |
| Gross Margin | — | 77.5% |
| Operating Margin | 23.4% | 8.4% |
| Net Margin | 6.1% | 9.7% |
| Revenue YoY | 1.8% | -0.8% |
| Net Profit YoY | -16.3% | 224.5% |
| EPS (diluted) | $0.08 | $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.
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $141.8M | ||
| Q3 25 | $109.6M | $129.6M | ||
| Q2 25 | $107.9M | $121.7M | ||
| Q1 25 | $108.6M | $141.7M | ||
| Q4 24 | $113.5M | $143.6M | ||
| Q3 24 | $122.8M | $126.2M | ||
| Q2 24 | $110.9M | $123.4M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $13.7M | ||
| Q3 25 | $4.5M | $13.3M | ||
| Q2 25 | $5.5M | $1.9M | ||
| Q1 25 | $42.5M | $-7.4M | ||
| Q4 24 | — | $-10.5M | ||
| Q3 24 | $16.7M | $-19.7M | ||
| Q2 24 | $11.9M | $-41.4M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 77.5% | ||
| Q3 25 | 60.5% | 74.5% | ||
| Q2 25 | 62.6% | 74.2% | ||
| Q1 25 | 62.0% | 73.5% | ||
| Q4 24 | 61.3% | 78.1% | ||
| Q3 24 | 65.5% | 70.2% | ||
| Q2 24 | 63.6% | 72.9% |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | 8.4% | ||
| Q3 25 | 22.6% | 8.9% | ||
| Q2 25 | 24.1% | 1.6% | ||
| Q1 25 | 66.3% | -5.6% | ||
| Q4 24 | 26.5% | 13.6% | ||
| Q3 24 | 30.8% | 1.7% | ||
| Q2 24 | 27.8% | -10.5% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | 9.7% | ||
| Q3 25 | 4.1% | 10.3% | ||
| Q2 25 | 5.1% | 1.6% | ||
| Q1 25 | 39.2% | -5.2% | ||
| Q4 24 | — | -7.3% | ||
| Q3 24 | 13.6% | -15.6% | ||
| Q2 24 | 10.7% | -33.5% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $0.02 | ||
| Q3 25 | $0.07 | $0.02 | ||
| Q2 25 | $0.09 | $0.00 | ||
| Q1 25 | $0.70 | $-0.01 | ||
| Q4 24 | $0.14 | $-0.02 | ||
| Q3 24 | $0.28 | $-0.03 | ||
| Q2 24 | $0.20 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | $304.2M |
| Total DebtLower is stronger | — | $196.2M |
| Stockholders' EquityBook value | $1.1B | $741.1M |
| Total Assets | $2.9B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.26× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $304.2M | ||
| Q3 25 | $138.7M | $290.5M | ||
| Q2 25 | $143.7M | $306.6M | ||
| Q1 25 | $143.9M | $337.8M | ||
| Q4 24 | $425.7M | $220.0M | ||
| Q3 24 | $533.0M | $211.0M | ||
| Q2 24 | $114.9M | $229.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $196.2M | ||
| Q3 25 | — | $195.9M | ||
| Q2 25 | — | $195.6M | ||
| Q1 25 | — | $195.3M | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $741.1M | ||
| Q3 25 | $1.2B | $725.1M | ||
| Q2 25 | $1.2B | $725.1M | ||
| Q1 25 | $1.2B | $719.9M | ||
| Q4 24 | $1.2B | $725.2M | ||
| Q3 24 | $1.2B | $732.1M | ||
| Q2 24 | $1.2B | $742.6M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $1.2B | ||
| Q3 25 | $2.9B | $1.2B | ||
| Q2 25 | $3.0B | $1.2B | ||
| Q1 25 | $3.0B | $1.3B | ||
| Q4 24 | $3.3B | $1.3B | ||
| Q3 24 | $3.4B | $1.3B | ||
| Q2 24 | $3.0B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 0.26× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | 1.72× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $18.3M |
| Free Cash FlowOCF − Capex | — | $17.4M |
| FCF MarginFCF / Revenue | — | 12.3% |
| Capex IntensityCapex / Revenue | 14.5% | 0.6% |
| Cash ConversionOCF / Net Profit | — | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $42.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $18.3M | ||
| Q3 25 | $40.5M | $3.9M | ||
| Q2 25 | $49.2M | $-18.0M | ||
| Q1 25 | $36.9M | $41.6M | ||
| Q4 24 | $207.1M | $6.0M | ||
| Q3 24 | $52.4M | $-16.0M | ||
| Q2 24 | $59.3M | $-15.1M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $17.4M | ||
| Q3 25 | $23.1M | $3.1M | ||
| Q2 25 | $28.4M | $-18.9M | ||
| Q1 25 | $20.4M | $41.2M | ||
| Q4 24 | $136.9M | $5.2M | ||
| Q3 24 | $28.0M | $-16.5M | ||
| Q2 24 | $43.6M | $-16.5M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 12.3% | ||
| Q3 25 | 21.1% | 2.4% | ||
| Q2 25 | 26.3% | -15.5% | ||
| Q1 25 | 18.8% | 29.1% | ||
| Q4 24 | 120.7% | 3.6% | ||
| Q3 24 | 22.8% | -13.1% | ||
| Q2 24 | 39.3% | -13.4% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 0.6% | ||
| Q3 25 | 15.9% | 0.6% | ||
| Q2 25 | 19.3% | 0.7% | ||
| Q1 25 | 15.1% | 0.3% | ||
| Q4 24 | 61.9% | 0.6% | ||
| Q3 24 | 19.9% | 0.4% | ||
| Q2 24 | 14.1% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | 8.98× | 0.29× | ||
| Q2 25 | 9.01× | -9.47× | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.15× | — | ||
| Q2 24 | 4.98× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
