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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and Claritev Corp (CTEV). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $141.8M, roughly 1.7× BLACKBERRY Ltd). BLACKBERRY Ltd runs the higher net margin — 9.7% vs -32.7%, a 42.3% gap on every dollar of revenue. On growth, Claritev Corp posted the faster year-over-year revenue change (6.2% vs -0.8%). Claritev Corp produced more free cash flow last quarter ($36.4M vs $17.4M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs 2.5%).
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.
BB vs CTEV — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $246.6M |
| Net Profit | $13.7M | $-80.6M |
| Gross Margin | 77.5% | — |
| Operating Margin | 8.4% | -3.1% |
| Net Margin | 9.7% | -32.7% |
| Revenue YoY | -0.8% | 6.2% |
| Net Profit YoY | 224.5% | 41.6% |
| EPS (diluted) | $0.02 | $-4.88 |
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 | $246.6M | ||
| Q3 25 | $129.6M | $246.0M | ||
| Q2 25 | $121.7M | $241.6M | ||
| Q1 25 | $141.7M | $231.3M | ||
| Q4 24 | $143.6M | $232.1M | ||
| Q3 24 | $126.2M | $230.5M | ||
| Q2 24 | $123.4M | $233.5M | ||
| Q1 24 | $102.1M | $234.5M |
| Q4 25 | $13.7M | $-80.6M | ||
| Q3 25 | $13.3M | $-69.8M | ||
| Q2 25 | $1.9M | $-62.6M | ||
| Q1 25 | $-7.4M | $-71.3M | ||
| Q4 24 | $-10.5M | $-138.0M | ||
| Q3 24 | $-19.7M | $-391.4M | ||
| Q2 24 | $-41.4M | $-576.7M | ||
| Q1 24 | $-56.2M | $-539.7M |
| 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 24 | — | — |
| Q4 25 | 8.4% | -3.1% | ||
| Q3 25 | 8.9% | 4.1% | ||
| Q2 25 | 1.6% | 6.9% | ||
| Q1 25 | -5.6% | 4.2% | ||
| Q4 24 | 13.6% | -17.8% | ||
| Q3 24 | 1.7% | -146.7% | ||
| Q2 24 | -10.5% | -224.4% | ||
| Q1 24 | 50.0% | -207.4% |
| Q4 25 | 9.7% | -32.7% | ||
| Q3 25 | 10.3% | -28.4% | ||
| Q2 25 | 1.6% | -25.9% | ||
| Q1 25 | -5.2% | -30.8% | ||
| Q4 24 | -7.3% | -59.4% | ||
| Q3 24 | -15.6% | -169.8% | ||
| Q2 24 | -33.5% | -247.0% | ||
| Q1 24 | -55.0% | -230.1% |
| Q4 25 | $0.02 | $-4.88 | ||
| Q3 25 | $0.02 | $-4.23 | ||
| Q2 25 | $0.00 | $-3.81 | ||
| Q1 25 | $-0.01 | $-4.38 | ||
| Q4 24 | $-0.02 | $-8.49 | ||
| Q3 24 | $-0.03 | $-24.25 | ||
| Q2 24 | $-0.07 | $-35.78 | ||
| Q1 24 | $-0.08 | $-33.40 |
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 | $16.8M |
| Total DebtLower is stronger | $196.2M | $4.6B |
| Stockholders' EquityBook value | $741.1M | $-173.9M |
| Total Assets | $1.2B | $4.9B |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $16.8M | ||
| Q3 25 | $290.5M | $39.2M | ||
| Q2 25 | $306.6M | $56.4M | ||
| Q1 25 | $337.8M | $23.1M | ||
| Q4 24 | $220.0M | $16.8M | ||
| Q3 24 | $211.0M | $86.6M | ||
| Q2 24 | $229.0M | $48.8M | ||
| Q1 24 | $237.1M | $58.7M |
| Q4 25 | $196.2M | $4.6B | ||
| Q3 25 | $195.9M | $4.5B | ||
| Q2 25 | $195.6M | $4.5B | ||
| Q1 25 | $195.3M | $4.5B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.5B | ||
| Q1 24 | $194.1M | $4.5B |
| Q4 25 | $741.1M | $-173.9M | ||
| Q3 25 | $725.1M | $-101.8M | ||
| Q2 25 | $725.1M | $-39.9M | ||
| Q1 25 | $719.9M | $14.8M | ||
| Q4 24 | $725.2M | $84.0M | ||
| Q3 24 | $732.1M | $207.6M | ||
| Q2 24 | $742.6M | $603.4M | ||
| Q1 24 | $775.1M | $1.2B |
| Q4 25 | $1.2B | $4.9B | ||
| Q3 25 | $1.2B | $5.0B | ||
| Q2 25 | $1.2B | $5.1B | ||
| Q1 25 | $1.3B | $5.1B | ||
| Q4 24 | $1.3B | $5.2B | ||
| Q3 24 | $1.3B | $5.3B | ||
| Q2 24 | $1.3B | $5.7B | ||
| Q1 24 | $1.4B | $6.4B |
| Q4 25 | 0.26× | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.27× | 304.87× | ||
| Q4 24 | — | 53.67× | ||
| Q3 24 | — | 21.73× | ||
| Q2 24 | — | 7.48× | ||
| Q1 24 | 0.25× | 3.85× |
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 | $66.3M |
| Free Cash FlowOCF − Capex | $17.4M | $36.4M |
| FCF MarginFCF / Revenue | 12.3% | 14.8% |
| Capex IntensityCapex / Revenue | 0.6% | 12.1% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $-12.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $66.3M | ||
| Q3 25 | $3.9M | $19.9M | ||
| Q2 25 | $-18.0M | $61.2M | ||
| Q1 25 | $41.6M | $-30.1M | ||
| Q4 24 | $6.0M | $-33.4M | ||
| Q3 24 | $-16.0M | $72.8M | ||
| Q2 24 | $-15.1M | $18.5M | ||
| Q1 24 | $-15.5M | $49.7M |
| Q4 25 | $17.4M | $36.4M | ||
| Q3 25 | $3.1M | $-16.3M | ||
| Q2 25 | $-18.9M | $36.6M | ||
| Q1 25 | $41.2M | $-68.9M | ||
| Q4 24 | $5.2M | $-63.8M | ||
| Q3 24 | $-16.5M | $41.1M | ||
| Q2 24 | $-16.5M | $-7.0M | ||
| Q1 24 | $-17.6M | $19.2M |
| Q4 25 | 12.3% | 14.8% | ||
| Q3 25 | 2.4% | -6.6% | ||
| Q2 25 | -15.5% | 15.2% | ||
| Q1 25 | 29.1% | -29.8% | ||
| Q4 24 | 3.6% | -27.5% | ||
| Q3 24 | -13.1% | 17.8% | ||
| Q2 24 | -13.4% | -3.0% | ||
| Q1 24 | -17.2% | 8.2% |
| Q4 25 | 0.6% | 12.1% | ||
| Q3 25 | 0.6% | 14.7% | ||
| Q2 25 | 0.7% | 10.2% | ||
| Q1 25 | 0.3% | 16.8% | ||
| Q4 24 | 0.6% | 13.1% | ||
| Q3 24 | 0.4% | 13.8% | ||
| Q2 24 | 1.1% | 10.9% | ||
| Q1 24 | 2.1% | 13.0% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | -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
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
CTEV
Segment breakdown not available.
