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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and Broadstone Net Lease, Inc. (BNL). Click either name above to swap in a different company.
BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $121.4M, roughly 1.2× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 9.7%, a 28.6% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs -0.8%). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs 7.1%).
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.
Broadstone Net Lease, Inc. is a real estate investment trust (REIT) that acquires, owns, and manages a diversified portfolio of single-tenant commercial real estate assets across the United States. Its portfolio covers key segments including industrial facilities, healthcare properties, retail locations, and office spaces, all leased to tenants under long-term net lease agreements.
BB vs BNL — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $121.4M |
| Net Profit | $13.7M | $46.4M |
| Gross Margin | 77.5% | — |
| Operating Margin | 8.4% | 52.2% |
| Net Margin | 9.7% | 38.2% |
| Revenue YoY | -0.8% | 11.7% |
| Net Profit YoY | 224.5% | — |
| EPS (diluted) | $0.02 | $0.24 |
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 | — | $121.4M | ||
| Q4 25 | $141.8M | $118.3M | ||
| Q3 25 | $129.6M | $114.2M | ||
| Q2 25 | $121.7M | $113.0M | ||
| Q1 25 | $141.7M | $108.7M | ||
| Q4 24 | $143.6M | $112.1M | ||
| Q3 24 | $126.2M | $108.4M | ||
| Q2 24 | $123.4M | $105.9M |
| Q1 26 | — | $46.4M | ||
| Q4 25 | $13.7M | $33.1M | ||
| Q3 25 | $13.3M | $26.5M | ||
| Q2 25 | $1.9M | $20.2M | ||
| Q1 25 | $-7.4M | $16.7M | ||
| Q4 24 | $-10.5M | $26.4M | ||
| Q3 24 | $-19.7M | $35.6M | ||
| Q2 24 | $-41.4M | $35.3M |
| Q1 26 | — | — | ||
| 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 26 | — | 52.2% | ||
| Q4 25 | 8.4% | — | ||
| Q3 25 | 8.9% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | -5.6% | — | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | -10.5% | — |
| Q1 26 | — | 38.2% | ||
| Q4 25 | 9.7% | 28.0% | ||
| Q3 25 | 10.3% | 23.2% | ||
| Q2 25 | 1.6% | 17.8% | ||
| Q1 25 | -5.2% | 15.4% | ||
| Q4 24 | -7.3% | 23.5% | ||
| Q3 24 | -15.6% | 32.8% | ||
| Q2 24 | -33.5% | 33.4% |
| Q1 26 | — | $0.24 | ||
| Q4 25 | $0.02 | $0.17 | ||
| Q3 25 | $0.02 | $0.14 | ||
| Q2 25 | $0.00 | $0.10 | ||
| Q1 25 | $-0.01 | $0.09 | ||
| Q4 24 | $-0.02 | $0.13 | ||
| Q3 24 | $-0.03 | $0.19 | ||
| Q2 24 | $-0.07 | $0.19 |
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 | $20.3M |
| Total DebtLower is stronger | $196.2M | — |
| Stockholders' EquityBook value | $741.1M | $3.0B |
| Total Assets | $1.2B | $5.8B |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $20.3M | ||
| Q4 25 | $304.2M | $30.5M | ||
| Q3 25 | $290.5M | $82.0M | ||
| Q2 25 | $306.6M | $20.8M | ||
| Q1 25 | $337.8M | $9.6M | ||
| Q4 24 | $220.0M | $14.8M | ||
| Q3 24 | $211.0M | $9.0M | ||
| Q2 24 | $229.0M | $18.3M |
| Q1 26 | — | — | ||
| Q4 25 | $196.2M | $2.5B | ||
| Q3 25 | $195.9M | $2.4B | ||
| Q2 25 | $195.6M | $2.1B | ||
| Q1 25 | $195.3M | $2.0B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.9B |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $741.1M | $2.9B | ||
| Q3 25 | $725.1M | $2.9B | ||
| Q2 25 | $725.1M | $2.9B | ||
| Q1 25 | $719.9M | $2.9B | ||
| Q4 24 | $725.2M | $3.0B | ||
| Q3 24 | $732.1M | $3.0B | ||
| Q2 24 | $742.6M | $3.1B |
| Q1 26 | — | $5.8B | ||
| Q4 25 | $1.2B | $5.7B | ||
| Q3 25 | $1.2B | $5.5B | ||
| Q2 25 | $1.2B | $5.3B | ||
| Q1 25 | $1.3B | $5.2B | ||
| Q4 24 | $1.3B | $5.2B | ||
| Q3 24 | $1.3B | $5.3B | ||
| Q2 24 | $1.3B | $5.3B |
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 0.87× | ||
| Q3 25 | 0.27× | 0.82× | ||
| Q2 25 | 0.27× | 0.73× | ||
| Q1 25 | 0.27× | 0.68× | ||
| Q4 24 | — | 0.64× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 0.62× |
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 | $299.5M | ||
| Q3 25 | $3.9M | $64.2M | ||
| Q2 25 | $-18.0M | $79.3M | ||
| Q1 25 | $41.6M | $71.5M | ||
| Q4 24 | $6.0M | $276.3M | ||
| Q3 24 | $-16.0M | $67.3M | ||
| Q2 24 | $-15.1M | $74.2M |
| Q1 26 | — | — | ||
| Q4 25 | $17.4M | $269.8M | ||
| Q3 25 | $3.1M | $58.0M | ||
| Q2 25 | $-18.9M | $76.7M | ||
| Q1 25 | $41.2M | $57.1M | ||
| Q4 24 | $5.2M | $259.5M | ||
| Q3 24 | $-16.5M | $60.3M | ||
| Q2 24 | $-16.5M | $74.0M |
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | 228.1% | ||
| Q3 25 | 2.4% | 50.8% | ||
| Q2 25 | -15.5% | 67.9% | ||
| Q1 25 | 29.1% | 52.5% | ||
| Q4 24 | 3.6% | 231.4% | ||
| Q3 24 | -13.1% | 55.6% | ||
| Q2 24 | -13.4% | 69.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 25.1% | ||
| Q3 25 | 0.6% | 5.4% | ||
| Q2 25 | 0.7% | 2.3% | ||
| Q1 25 | 0.3% | 13.2% | ||
| Q4 24 | 0.6% | 15.0% | ||
| Q3 24 | 0.4% | 6.5% | ||
| Q2 24 | 1.1% | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | 9.04× | ||
| Q3 25 | 0.29× | 2.43× | ||
| Q2 25 | -9.47× | 3.93× | ||
| Q1 25 | — | 4.27× | ||
| Q4 24 | — | 10.47× | ||
| Q3 24 | — | 1.89× | ||
| Q2 24 | — | 2.10× |
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% |
BNL
Segment breakdown not available.
