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Side-by-side financial comparison of Arlo Technologies, Inc. (ARLO) 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 $141.3M, roughly 1.0× Arlo Technologies, Inc.). BLACKBERRY Ltd runs the higher net margin — 9.7% vs 4.1%, a 5.6% gap on every dollar of revenue. On growth, Arlo Technologies, Inc. posted the faster year-over-year revenue change (16.2% vs -0.8%). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs 6.7%).
Arlo Technologies is an American company that makes wireless surveillance cameras. Prior to an initial public offering (IPO) on the New York Stock Exchange in August 2018, Arlo was a brand of such products by Netgear, which retained majority control after the IPO.
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.
ARLO vs BB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $141.8M |
| Net Profit | $5.8M | $13.7M |
| Gross Margin | 46.4% | 77.5% |
| Operating Margin | 3.3% | 8.4% |
| Net Margin | 4.1% | 9.7% |
| Revenue YoY | 16.2% | -0.8% |
| Net Profit YoY | 218.6% | 224.5% |
| EPS (diluted) | $0.06 | $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.
| Q4 25 | $141.3M | $141.8M | ||
| Q3 25 | $139.5M | $129.6M | ||
| Q2 25 | $129.4M | $121.7M | ||
| Q1 25 | $119.1M | $141.7M | ||
| Q4 24 | $121.6M | $143.6M | ||
| Q3 24 | $137.7M | $126.2M | ||
| Q2 24 | $127.4M | $123.4M | ||
| Q1 24 | $124.2M | $102.1M |
| Q4 25 | $5.8M | $13.7M | ||
| Q3 25 | $6.9M | $13.3M | ||
| Q2 25 | $3.1M | $1.9M | ||
| Q1 25 | $-835.0K | $-7.4M | ||
| Q4 24 | $-4.9M | $-10.5M | ||
| Q3 24 | $-4.4M | $-19.7M | ||
| Q2 24 | $-11.6M | $-41.4M | ||
| Q1 24 | $-9.6M | $-56.2M |
| Q4 25 | 46.4% | 77.5% | ||
| Q3 25 | 40.5% | 74.5% | ||
| Q2 25 | 44.9% | 74.2% | ||
| Q1 25 | 44.3% | 73.5% | ||
| Q4 24 | 36.9% | 78.1% | ||
| Q3 24 | 35.2% | 70.2% | ||
| Q2 24 | 36.8% | 72.9% | ||
| Q1 24 | 38.1% | — |
| Q4 25 | 3.3% | 8.4% | ||
| Q3 25 | 0.6% | 8.9% | ||
| Q2 25 | 1.5% | 1.6% | ||
| Q1 25 | -1.2% | -5.6% | ||
| Q4 24 | -5.0% | 13.6% | ||
| Q3 24 | -4.0% | 1.7% | ||
| Q2 24 | -10.0% | -10.5% | ||
| Q1 24 | -8.5% | 50.0% |
| Q4 25 | 4.1% | 9.7% | ||
| Q3 25 | 4.9% | 10.3% | ||
| Q2 25 | 2.4% | 1.6% | ||
| Q1 25 | -0.7% | -5.2% | ||
| Q4 24 | -4.0% | -7.3% | ||
| Q3 24 | -3.2% | -15.6% | ||
| Q2 24 | -9.1% | -33.5% | ||
| Q1 24 | -7.8% | -55.0% |
| Q4 25 | $0.06 | $0.02 | ||
| Q3 25 | $0.06 | $0.02 | ||
| Q2 25 | $0.03 | $0.00 | ||
| Q1 25 | $-0.01 | $-0.01 | ||
| Q4 24 | $-0.05 | $-0.02 | ||
| Q3 24 | $-0.04 | $-0.03 | ||
| Q2 24 | $-0.12 | $-0.07 | ||
| Q1 24 | $-0.10 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $146.4M | $304.2M |
| Total DebtLower is stronger | — | $196.2M |
| Stockholders' EquityBook value | $127.8M | $741.1M |
| Total Assets | $310.5M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $146.4M | $304.2M | ||
| Q3 25 | $86.0M | $290.5M | ||
| Q2 25 | $71.2M | $306.6M | ||
| Q1 25 | $84.0M | $337.8M | ||
| Q4 24 | $82.0M | $220.0M | ||
| Q3 24 | $77.0M | $211.0M | ||
| Q2 24 | $62.9M | $229.0M | ||
| Q1 24 | $62.1M | $237.1M |
| Q4 25 | — | $196.2M | ||
| Q3 25 | — | $195.9M | ||
| Q2 25 | — | $195.6M | ||
| Q1 25 | — | $195.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $194.1M |
| Q4 25 | $127.8M | $741.1M | ||
| Q3 25 | $129.2M | $725.1M | ||
| Q2 25 | $118.3M | $725.1M | ||
| Q1 25 | $103.4M | $719.9M | ||
| Q4 24 | $100.9M | $725.2M | ||
| Q3 24 | $96.9M | $732.1M | ||
| Q2 24 | $99.3M | $742.6M | ||
| Q1 24 | $99.9M | $775.1M |
| Q4 25 | $310.5M | $1.2B | ||
| Q3 25 | $350.9M | $1.2B | ||
| Q2 25 | $319.7M | $1.2B | ||
| Q1 25 | $296.6M | $1.3B | ||
| Q4 24 | $298.4M | $1.3B | ||
| Q3 24 | $312.4M | $1.3B | ||
| Q2 24 | $295.8M | $1.3B | ||
| Q1 24 | $289.8M | $1.4B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $19.8M | $18.3M |
| Free Cash FlowOCF − Capex | — | $17.4M |
| FCF MarginFCF / Revenue | — | 12.3% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 3.43× | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $42.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $18.3M | ||
| Q3 25 | $19.2M | $3.9M | ||
| Q2 25 | $8.8M | $-18.0M | ||
| Q1 25 | $30.9M | $41.6M | ||
| Q4 24 | $6.7M | $6.0M | ||
| Q3 24 | $18.4M | $-16.0M | ||
| Q2 24 | $6.5M | $-15.1M | ||
| Q1 24 | $19.8M | $-15.5M |
| Q4 25 | — | $17.4M | ||
| Q3 25 | — | $3.1M | ||
| Q2 25 | — | $-18.9M | ||
| Q1 25 | $28.1M | $41.2M | ||
| Q4 24 | $5.6M | $5.2M | ||
| Q3 24 | $17.4M | $-16.5M | ||
| Q2 24 | $6.2M | $-16.5M | ||
| Q1 24 | $19.4M | $-17.6M |
| Q4 25 | — | 12.3% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | -15.5% | ||
| Q1 25 | 23.6% | 29.1% | ||
| Q4 24 | 4.6% | 3.6% | ||
| Q3 24 | 12.6% | -13.1% | ||
| Q2 24 | 4.8% | -13.4% | ||
| Q1 24 | 15.7% | -17.2% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | 2.4% | 0.3% | ||
| Q4 24 | 0.9% | 0.6% | ||
| Q3 24 | 0.7% | 0.4% | ||
| Q2 24 | 0.2% | 1.1% | ||
| Q1 24 | 0.3% | 2.1% |
| Q4 25 | 3.43× | 1.34× | ||
| Q3 25 | 2.79× | 0.29× | ||
| Q2 25 | 2.83× | -9.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
