vs
Side-by-side financial comparison of BLACKBERRY Ltd (BB) and Douglas Emmett Inc (DEI). Click either name above to swap in a different company.
Douglas Emmett Inc is the larger business by last-quarter revenue ($249.4M vs $141.8M, roughly 1.8× BLACKBERRY Ltd). BLACKBERRY Ltd runs the higher net margin — 9.7% vs -2.7%, a 12.4% gap on every dollar of revenue. On growth, Douglas Emmett Inc posted the faster year-over-year revenue change (1.8% vs -0.8%). Douglas Emmett Inc produced more free cash flow last quarter ($194.5M vs $17.4M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs 0.9%).
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.
Douglas Emmett Inc is a leading real estate investment trust (REIT) that owns, operates, and acquires high-quality office and multifamily residential properties. Its core operation areas are high-barrier-to-entry markets including Los Angeles in California and Honolulu in Hawaii, serving premium commercial and residential tenant segments.
BB vs DEI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $249.4M |
| Net Profit | $13.7M | $-6.8M |
| Gross Margin | 77.5% | 62.2% |
| Operating Margin | 8.4% | — |
| Net Margin | 9.7% | -2.7% |
| Revenue YoY | -0.8% | 1.8% |
| Net Profit YoY | 224.5% | -670.7% |
| EPS (diluted) | $0.02 | $-0.04 |
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 | $249.4M | ||
| Q3 25 | $129.6M | $250.6M | ||
| Q2 25 | $121.7M | $252.4M | ||
| Q1 25 | $141.7M | $251.5M | ||
| Q4 24 | $143.6M | $245.0M | ||
| Q3 24 | $126.2M | $250.8M | ||
| Q2 24 | $123.4M | $245.8M | ||
| Q1 24 | $102.1M | $245.0M |
| Q4 25 | $13.7M | $-6.8M | ||
| Q3 25 | $13.3M | $-10.9M | ||
| Q2 25 | $1.9M | $-5.8M | ||
| Q1 25 | $-7.4M | $39.8M | ||
| Q4 24 | $-10.5M | $-888.0K | ||
| Q3 24 | $-19.7M | $4.6M | ||
| Q2 24 | $-41.4M | $10.9M | ||
| Q1 24 | $-56.2M | $8.9M |
| Q4 25 | 77.5% | 62.2% | ||
| Q3 25 | 74.5% | 63.6% | ||
| Q2 25 | 74.2% | 63.2% | ||
| Q1 25 | 73.5% | 64.4% | ||
| Q4 24 | 78.1% | 63.5% | ||
| Q3 24 | 70.2% | 62.2% | ||
| Q2 24 | 72.9% | 66.2% | ||
| Q1 24 | — | 66.1% |
| 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 24 | 50.0% | — |
| Q4 25 | 9.7% | -2.7% | ||
| Q3 25 | 10.3% | -4.3% | ||
| Q2 25 | 1.6% | -2.3% | ||
| Q1 25 | -5.2% | 15.8% | ||
| Q4 24 | -7.3% | -0.4% | ||
| Q3 24 | -15.6% | 1.8% | ||
| Q2 24 | -33.5% | 4.4% | ||
| Q1 24 | -55.0% | 3.6% |
| Q4 25 | $0.02 | $-0.04 | ||
| Q3 25 | $0.02 | $-0.07 | ||
| Q2 25 | $0.00 | $-0.04 | ||
| Q1 25 | $-0.01 | $0.24 | ||
| Q4 24 | $-0.02 | $-0.01 | ||
| Q3 24 | $-0.03 | $0.03 | ||
| Q2 24 | $-0.07 | $0.06 | ||
| Q1 24 | $-0.08 | $0.05 |
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 | $340.8M |
| Total DebtLower is stronger | $196.2M | $5.5B |
| Stockholders' EquityBook value | $741.1M | $1.9B |
| Total Assets | $1.2B | $9.3B |
| Debt / EquityLower = less leverage | 0.26× | 2.91× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $340.8M | ||
| Q3 25 | $290.5M | $408.5M | ||
| Q2 25 | $306.6M | $426.9M | ||
| Q1 25 | $337.8M | $525.7M | ||
| Q4 24 | $220.0M | $444.6M | ||
| Q3 24 | $211.0M | $544.2M | ||
| Q2 24 | $229.0M | $561.1M | ||
| Q1 24 | $237.1M | $556.7M |
| Q4 25 | $196.2M | $5.5B | ||
| Q3 25 | $195.9M | $5.6B | ||
| Q2 25 | $195.6M | $5.6B | ||
| Q1 25 | $195.3M | $5.6B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $5.5B | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | $194.1M | $5.5B |
| Q4 25 | $741.1M | $1.9B | ||
| Q3 25 | $725.1M | $1.9B | ||
| Q2 25 | $725.1M | $2.0B | ||
| Q1 25 | $719.9M | $2.0B | ||
| Q4 24 | $725.2M | $2.1B | ||
| Q3 24 | $732.1M | $2.1B | ||
| Q2 24 | $742.6M | $2.2B | ||
| Q1 24 | $775.1M | $2.2B |
| Q4 25 | $1.2B | $9.3B | ||
| Q3 25 | $1.2B | $9.4B | ||
| Q2 25 | $1.2B | $9.4B | ||
| Q1 25 | $1.3B | $9.6B | ||
| Q4 24 | $1.3B | $9.4B | ||
| Q3 24 | $1.3B | $9.5B | ||
| Q2 24 | $1.3B | $9.6B | ||
| Q1 24 | $1.4B | $9.6B |
| Q4 25 | 0.26× | 2.91× | ||
| Q3 25 | 0.27× | 2.85× | ||
| Q2 25 | 0.27× | 2.78× | ||
| Q1 25 | 0.27× | 2.75× | ||
| Q4 24 | — | 2.67× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | 2.56× | ||
| Q1 24 | 0.25× | 2.52× |
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 | $386.9M |
| Free Cash FlowOCF − Capex | $17.4M | $194.5M |
| FCF MarginFCF / Revenue | 12.3% | 78.0% |
| Capex IntensityCapex / Revenue | 0.6% | 77.1% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $376.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $386.9M | ||
| Q3 25 | $3.9M | $109.8M | ||
| Q2 25 | $-18.0M | $81.3M | ||
| Q1 25 | $41.6M | $132.6M | ||
| Q4 24 | $6.0M | $408.7M | ||
| Q3 24 | $-16.0M | $103.7M | ||
| Q2 24 | $-15.1M | $91.9M | ||
| Q1 24 | $-15.5M | $139.0M |
| Q4 25 | $17.4M | $194.5M | ||
| Q3 25 | $3.1M | $61.9M | ||
| Q2 25 | $-18.9M | $30.2M | ||
| Q1 25 | $41.2M | $90.3M | ||
| Q4 24 | $5.2M | $241.4M | ||
| Q3 24 | $-16.5M | $63.2M | ||
| Q2 24 | $-16.5M | $52.2M | ||
| Q1 24 | $-17.6M | $90.9M |
| Q4 25 | 12.3% | 78.0% | ||
| Q3 25 | 2.4% | 24.7% | ||
| Q2 25 | -15.5% | 11.9% | ||
| Q1 25 | 29.1% | 35.9% | ||
| Q4 24 | 3.6% | 98.5% | ||
| Q3 24 | -13.1% | 25.2% | ||
| Q2 24 | -13.4% | 21.2% | ||
| Q1 24 | -17.2% | 37.1% |
| Q4 25 | 0.6% | 77.1% | ||
| Q3 25 | 0.6% | 19.1% | ||
| Q2 25 | 0.7% | 20.3% | ||
| Q1 25 | 0.3% | 16.8% | ||
| Q4 24 | 0.6% | 68.3% | ||
| Q3 24 | 0.4% | 16.1% | ||
| Q2 24 | 1.1% | 16.1% | ||
| Q1 24 | 2.1% | 19.6% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | -9.47× | — | ||
| Q1 25 | — | 3.33× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 22.46× | ||
| Q2 24 | — | 8.44× | ||
| Q1 24 | — | 15.60× |
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% |
DEI
| Rental Revenue And Tenant Recovery Revenue | $169.4M | 68% |
| Multifamily Segment | $49.9M | 20% |
| Parking Revenue And Other Income | $30.2M | 12% |
