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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and BRANDYWINE REALTY TRUST (BDN). Click either name above to swap in a different company.
BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $127.0M, roughly 1.1× BRANDYWINE REALTY TRUST). BLACKBERRY Ltd runs the higher net margin — 9.7% vs -38.4%, a 48.1% gap on every dollar of revenue. On growth, BRANDYWINE REALTY TRUST posted the faster year-over-year revenue change (4.5% vs -0.8%). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs 0.7%).
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.
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
BB vs BDN — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $127.0M |
| Net Profit | $13.7M | $-48.8M |
| Gross Margin | 77.5% | — |
| Operating Margin | 8.4% | 1.2% |
| Net Margin | 9.7% | -38.4% |
| Revenue YoY | -0.8% | 4.5% |
| Net Profit YoY | 224.5% | -80.4% |
| EPS (diluted) | $0.02 | $-0.28 |
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 | — | $127.0M | ||
| Q4 25 | $141.8M | $121.0M | ||
| Q3 25 | $129.6M | $121.4M | ||
| Q2 25 | $121.7M | $120.6M | ||
| Q1 25 | $141.7M | $121.5M | ||
| Q4 24 | $143.6M | $121.9M | ||
| Q3 24 | $126.2M | $131.8M | ||
| Q2 24 | $123.4M | $125.3M |
| Q1 26 | — | $-48.8M | ||
| Q4 25 | $13.7M | $-36.7M | ||
| Q3 25 | $13.3M | $-25.9M | ||
| Q2 25 | $1.9M | $-88.7M | ||
| Q1 25 | $-7.4M | $-27.0M | ||
| Q4 24 | $-10.5M | $-44.5M | ||
| Q3 24 | $-19.7M | $-165.2M | ||
| Q2 24 | $-41.4M | $30.2M |
| Q1 26 | — | — | ||
| Q4 25 | 77.5% | 61.3% | ||
| Q3 25 | 74.5% | 62.6% | ||
| Q2 25 | 74.2% | 62.4% | ||
| Q1 25 | 73.5% | 60.8% | ||
| Q4 24 | 78.1% | 61.2% | ||
| Q3 24 | 70.2% | 64.9% | ||
| Q2 24 | 72.9% | 63.1% |
| Q1 26 | — | 1.2% | ||
| Q4 25 | 8.4% | 22.8% | ||
| Q3 25 | 8.9% | 20.8% | ||
| Q2 25 | 1.6% | -34.3% | ||
| Q1 25 | -5.6% | 12.5% | ||
| Q4 24 | 13.6% | 18.0% | ||
| Q3 24 | 1.7% | -7.2% | ||
| Q2 24 | -10.5% | 15.5% |
| Q1 26 | — | -38.4% | ||
| Q4 25 | 9.7% | -30.3% | ||
| Q3 25 | 10.3% | -21.3% | ||
| Q2 25 | 1.6% | -73.5% | ||
| Q1 25 | -5.2% | -22.2% | ||
| Q4 24 | -7.3% | -36.5% | ||
| Q3 24 | -15.6% | -125.4% | ||
| Q2 24 | -33.5% | 24.1% |
| Q1 26 | — | $-0.28 | ||
| Q4 25 | $0.02 | $-0.21 | ||
| Q3 25 | $0.02 | $-0.15 | ||
| Q2 25 | $0.00 | $-0.51 | ||
| Q1 25 | $-0.01 | $-0.16 | ||
| Q4 24 | $-0.02 | $-0.25 | ||
| Q3 24 | $-0.03 | $-0.96 | ||
| Q2 24 | $-0.07 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $304.2M | $36.2M |
| Total DebtLower is stronger | $196.2M | — |
| Stockholders' EquityBook value | $741.1M | — |
| Total Assets | $1.2B | $3.6B |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $36.2M | ||
| Q4 25 | $304.2M | $32.3M | ||
| Q3 25 | $290.5M | $75.5M | ||
| Q2 25 | $306.6M | $122.6M | ||
| Q1 25 | $337.8M | $29.4M | ||
| Q4 24 | $220.0M | $90.2M | ||
| Q3 24 | $211.0M | $36.5M | ||
| Q2 24 | $229.0M | $30.4M |
| Q1 26 | — | — | ||
| Q4 25 | $196.2M | $2.6B | ||
| Q3 25 | $195.9M | $2.3B | ||
| Q2 25 | $195.6M | $2.3B | ||
| Q1 25 | $195.3M | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | — | — | ||
| Q4 25 | $741.1M | $792.7M | ||
| Q3 25 | $725.1M | $841.5M | ||
| Q2 25 | $725.1M | $879.8M | ||
| Q1 25 | $719.9M | $993.6M | ||
| Q4 24 | $725.2M | $1.0B | ||
| Q3 24 | $732.1M | $1.1B | ||
| Q2 24 | $742.6M | $1.3B |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $1.2B | $3.6B | ||
| Q3 25 | $1.2B | $3.3B | ||
| Q2 25 | $1.2B | $3.4B | ||
| Q1 25 | $1.3B | $3.4B | ||
| Q4 24 | $1.3B | $3.5B | ||
| Q3 24 | $1.3B | $3.6B | ||
| Q2 24 | $1.3B | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 3.23× | ||
| Q3 25 | 0.27× | 2.70× | ||
| Q2 25 | 0.27× | 2.63× | ||
| Q1 25 | 0.27× | 2.23× | ||
| Q4 24 | — | 2.13× | ||
| Q3 24 | — | 2.06× | ||
| Q2 24 | — | 1.73× |
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 | 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 | $18.3M | $116.7M | ||
| Q3 25 | $3.9M | $47.5M | ||
| Q2 25 | $-18.0M | $34.4M | ||
| Q1 25 | $41.6M | $6.3M | ||
| Q4 24 | $6.0M | $181.1M | ||
| Q3 24 | $-16.0M | $52.2M | ||
| Q2 24 | $-15.1M | $48.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 1.34× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | -9.47× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
