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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and COLLEGIUM PHARMACEUTICAL, INC (COLL). Click either name above to swap in a different company.
COLLEGIUM PHARMACEUTICAL, INC is the larger business by last-quarter revenue ($205.4M vs $141.8M, roughly 1.4× BLACKBERRY Ltd). BLACKBERRY Ltd runs the higher net margin — 9.7% vs 8.3%, a 1.4% gap on every dollar of revenue. On growth, COLLEGIUM PHARMACEUTICAL, INC posted the faster year-over-year revenue change (12.9% vs -0.8%). COLLEGIUM PHARMACEUTICAL, INC produced more free cash flow last quarter ($122.4M vs $17.4M). Over the past eight quarters, COLLEGIUM PHARMACEUTICAL, INC's revenue compounded faster (19.1% CAGR vs 17.8%).
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.
Collegium Pharmaceutical, Inc. is a specialty pharmaceutical firm focused on developing and commercializing innovative, abuse-deterrent pain management therapies. Operating primarily in the U.S. market, it offers extended-release analgesics for chronic pain patients, serving providers across primary and specialty care segments.
BB vs COLL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $205.4M |
| Net Profit | $13.7M | $17.0M |
| Gross Margin | 77.5% | 62.5% |
| Operating Margin | 8.4% | 29.6% |
| Net Margin | 9.7% | 8.3% |
| Revenue YoY | -0.8% | 12.9% |
| Net Profit YoY | 224.5% | 35.3% |
| EPS (diluted) | $0.02 | $0.48 |
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 | $141.8M | $205.4M | ||
| Q3 25 | $129.6M | $209.4M | ||
| Q2 25 | $121.7M | $188.0M | ||
| Q1 25 | $141.7M | $177.8M | ||
| Q4 24 | $143.6M | $181.9M | ||
| Q3 24 | $126.2M | $159.3M | ||
| Q2 24 | $123.4M | $145.3M | ||
| Q1 24 | $102.1M | $144.9M |
| Q4 25 | $13.7M | $17.0M | ||
| Q3 25 | $13.3M | $31.5M | ||
| Q2 25 | $1.9M | $12.0M | ||
| Q1 25 | $-7.4M | $2.4M | ||
| Q4 24 | $-10.5M | $12.5M | ||
| Q3 24 | $-19.7M | $9.3M | ||
| Q2 24 | $-41.4M | $19.6M | ||
| Q1 24 | $-56.2M | $27.7M |
| Q4 25 | 77.5% | 62.5% | ||
| Q3 25 | 74.5% | 61.7% | ||
| Q2 25 | 74.2% | 57.7% | ||
| Q1 25 | 73.5% | 54.8% | ||
| Q4 24 | 78.1% | 54.0% | ||
| Q3 24 | 70.2% | 60.8% | ||
| Q2 24 | 72.9% | 62.5% | ||
| Q1 24 | — | 63.1% |
| Q4 25 | 8.4% | 29.6% | ||
| Q3 25 | 8.9% | 29.7% | ||
| Q2 25 | 1.6% | 18.7% | ||
| Q1 25 | -5.6% | 12.2% | ||
| Q4 24 | 13.6% | 20.9% | ||
| Q3 24 | 1.7% | 21.9% | ||
| Q2 24 | -10.5% | 32.7% | ||
| Q1 24 | 50.0% | 34.1% |
| Q4 25 | 9.7% | 8.3% | ||
| Q3 25 | 10.3% | 15.0% | ||
| Q2 25 | 1.6% | 6.4% | ||
| Q1 25 | -5.2% | 1.4% | ||
| Q4 24 | -7.3% | 6.9% | ||
| Q3 24 | -15.6% | 5.9% | ||
| Q2 24 | -33.5% | 13.5% | ||
| Q1 24 | -55.0% | 19.1% |
| Q4 25 | $0.02 | $0.48 | ||
| Q3 25 | $0.02 | $0.84 | ||
| Q2 25 | $0.00 | $0.34 | ||
| Q1 25 | $-0.01 | $0.07 | ||
| Q4 24 | $-0.02 | $0.36 | ||
| Q3 24 | $-0.03 | $0.27 | ||
| Q2 24 | $-0.07 | $0.52 | ||
| Q1 24 | $-0.08 | $0.71 |
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 | $386.7M |
| Total DebtLower is stronger | $196.2M | — |
| Stockholders' EquityBook value | $741.1M | $301.7M |
| Total Assets | $1.2B | $1.7B |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $386.7M | ||
| Q3 25 | $290.5M | $285.9M | ||
| Q2 25 | $306.6M | $222.2M | ||
| Q1 25 | $337.8M | $197.8M | ||
| Q4 24 | $220.0M | $162.8M | ||
| Q3 24 | $211.0M | $120.0M | ||
| Q2 24 | $229.0M | $271.6M | ||
| Q1 24 | $237.1M | $318.0M |
| 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 | $741.1M | $301.7M | ||
| Q3 25 | $725.1M | $274.8M | ||
| Q2 25 | $725.1M | $232.2M | ||
| Q1 25 | $719.9M | $234.4M | ||
| Q4 24 | $725.2M | $228.8M | ||
| Q3 24 | $732.1M | $234.3M | ||
| Q2 24 | $742.6M | $216.6M | ||
| Q1 24 | $775.1M | $222.2M |
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
| 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 | $18.3M | $123.0M |
| Free Cash FlowOCF − Capex | $17.4M | $122.4M |
| FCF MarginFCF / Revenue | 12.3% | 59.6% |
| Capex IntensityCapex / Revenue | 0.6% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.34× | 7.25× |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $327.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $123.0M | ||
| Q3 25 | $3.9M | $78.4M | ||
| Q2 25 | $-18.0M | $72.4M | ||
| Q1 25 | $41.6M | $55.4M | ||
| Q4 24 | $6.0M | $84.6M | ||
| Q3 24 | $-16.0M | $-9.0M | ||
| Q2 24 | $-15.1M | $67.4M | ||
| Q1 24 | $-15.5M | $61.9M |
| Q4 25 | $17.4M | $122.4M | ||
| Q3 25 | $3.1M | $78.3M | ||
| Q2 25 | $-18.9M | $72.4M | ||
| Q1 25 | $41.2M | $54.6M | ||
| Q4 24 | $5.2M | $84.1M | ||
| Q3 24 | $-16.5M | $-9.2M | ||
| Q2 24 | $-16.5M | $67.1M | ||
| Q1 24 | $-17.6M | $61.4M |
| Q4 25 | 12.3% | 59.6% | ||
| Q3 25 | 2.4% | 37.4% | ||
| Q2 25 | -15.5% | 38.5% | ||
| Q1 25 | 29.1% | 30.7% | ||
| Q4 24 | 3.6% | 46.2% | ||
| Q3 24 | -13.1% | -5.8% | ||
| Q2 24 | -13.4% | 46.2% | ||
| Q1 24 | -17.2% | 42.3% |
| Q4 25 | 0.6% | 0.3% | ||
| Q3 25 | 0.6% | 0.1% | ||
| Q2 25 | 0.7% | 0.0% | ||
| Q1 25 | 0.3% | 0.4% | ||
| Q4 24 | 0.6% | 0.3% | ||
| Q3 24 | 0.4% | 0.2% | ||
| Q2 24 | 1.1% | 0.2% | ||
| Q1 24 | 2.1% | 0.4% |
| Q4 25 | 1.34× | 7.25× | ||
| Q3 25 | 0.29× | 2.49× | ||
| Q2 25 | -9.47× | 6.05× | ||
| Q1 25 | — | 22.92× | ||
| Q4 24 | — | 6.75× | ||
| Q3 24 | — | -0.96× | ||
| Q2 24 | — | 3.44× | ||
| Q1 24 | — | 2.23× |
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% |
COLL
Segment breakdown not available.
