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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and Donnelley Financial Solutions, Inc. (DFIN). Click either name above to swap in a different company.
Donnelley Financial Solutions, Inc. is the larger business by last-quarter revenue ($172.5M vs $141.8M, roughly 1.2× BLACKBERRY Ltd). BLACKBERRY Ltd runs the higher net margin — 9.7% vs 3.6%, a 6.1% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs -0.8%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $17.4M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs -7.9%).
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.
Donnelley Financial Solutions (DFIN) is a financial compliance company based in Chicago, Illinois, United States. The company provides software as a service (SaaS) products, software-enabled services (SeS), print, and compliance services related to US Securities and Exchange Commission regulations to companies in capital and investment markets.
BB vs DFIN — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $172.5M |
| Net Profit | $13.7M | $6.2M |
| Gross Margin | 77.5% | — |
| Operating Margin | 8.4% | 8.3% |
| Net Margin | 9.7% | 3.6% |
| Revenue YoY | -0.8% | 10.4% |
| Net Profit YoY | 224.5% | -1.6% |
| EPS (diluted) | $0.02 | $0.31 |
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 | $172.5M | ||
| Q3 25 | $129.6M | $175.3M | ||
| Q2 25 | $121.7M | $218.1M | ||
| Q1 25 | $141.7M | $201.1M | ||
| Q4 24 | $143.6M | $156.3M | ||
| Q3 24 | $126.2M | $179.5M | ||
| Q2 24 | $123.4M | $242.7M | ||
| Q1 24 | $102.1M | $203.4M |
| Q4 25 | $13.7M | $6.2M | ||
| Q3 25 | $13.3M | $-40.9M | ||
| Q2 25 | $1.9M | $36.1M | ||
| Q1 25 | $-7.4M | $31.0M | ||
| Q4 24 | $-10.5M | $6.3M | ||
| Q3 24 | $-19.7M | $8.7M | ||
| Q2 24 | $-41.4M | $44.1M | ||
| Q1 24 | $-56.2M | $33.3M |
| 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% | 8.3% | ||
| Q3 25 | 8.9% | 16.1% | ||
| Q2 25 | 1.6% | 24.2% | ||
| Q1 25 | -5.6% | 22.8% | ||
| Q4 24 | 13.6% | 6.0% | ||
| Q3 24 | 1.7% | 10.1% | ||
| Q2 24 | -10.5% | 26.6% | ||
| Q1 24 | 50.0% | 21.9% |
| Q4 25 | 9.7% | 3.6% | ||
| Q3 25 | 10.3% | -23.3% | ||
| Q2 25 | 1.6% | 16.6% | ||
| Q1 25 | -5.2% | 15.4% | ||
| Q4 24 | -7.3% | 4.0% | ||
| Q3 24 | -15.6% | 4.8% | ||
| Q2 24 | -33.5% | 18.2% | ||
| Q1 24 | -55.0% | 16.4% |
| Q4 25 | $0.02 | $0.31 | ||
| Q3 25 | $0.02 | $-1.49 | ||
| Q2 25 | $0.00 | $1.28 | ||
| Q1 25 | $-0.01 | $1.05 | ||
| Q4 24 | $-0.02 | $0.21 | ||
| Q3 24 | $-0.03 | $0.29 | ||
| Q2 24 | $-0.07 | $1.47 | ||
| Q1 24 | $-0.08 | $1.09 |
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 | $24.5M |
| Total DebtLower is stronger | $196.2M | $171.3M |
| Stockholders' EquityBook value | $741.1M | $379.2M |
| Total Assets | $1.2B | $800.4M |
| Debt / EquityLower = less leverage | 0.26× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $24.5M | ||
| Q3 25 | $290.5M | $22.7M | ||
| Q2 25 | $306.6M | $33.8M | ||
| Q1 25 | $337.8M | $16.2M | ||
| Q4 24 | $220.0M | $57.3M | ||
| Q3 24 | $211.0M | $33.6M | ||
| Q2 24 | $229.0M | $35.0M | ||
| Q1 24 | $237.1M | $43.7M |
| Q4 25 | $196.2M | $171.3M | ||
| Q3 25 | $195.9M | $154.7M | ||
| Q2 25 | $195.6M | $190.1M | ||
| Q1 25 | $195.3M | $189.5M | ||
| Q4 24 | — | $124.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $194.1M | — |
| Q4 25 | $741.1M | $379.2M | ||
| Q3 25 | $725.1M | $423.1M | ||
| Q2 25 | $725.1M | $432.1M | ||
| Q1 25 | $719.9M | $419.9M | ||
| Q4 24 | $725.2M | $436.1M | ||
| Q3 24 | $732.1M | $444.5M | ||
| Q2 24 | $742.6M | $441.5M | ||
| Q1 24 | $775.1M | $408.9M |
| Q4 25 | $1.2B | $800.4M | ||
| Q3 25 | $1.2B | $816.3M | ||
| Q2 25 | $1.2B | $874.7M | ||
| Q1 25 | $1.3B | $852.8M | ||
| Q4 24 | $1.3B | $841.6M | ||
| Q3 24 | $1.3B | $843.6M | ||
| Q2 24 | $1.3B | $882.9M | ||
| Q1 24 | $1.4B | $867.8M |
| Q4 25 | 0.26× | 0.45× | ||
| Q3 25 | 0.27× | 0.37× | ||
| Q2 25 | 0.27× | 0.44× | ||
| Q1 25 | 0.27× | 0.45× | ||
| Q4 24 | — | 0.29× | ||
| 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 | $59.8M |
| Free Cash FlowOCF − Capex | $17.4M | $47.9M |
| FCF MarginFCF / Revenue | 12.3% | 27.8% |
| Capex IntensityCapex / Revenue | 0.6% | 6.9% |
| Cash ConversionOCF / Net Profit | 1.34× | 9.65× |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $59.8M | ||
| Q3 25 | $3.9M | $74.4M | ||
| Q2 25 | $-18.0M | $68.4M | ||
| Q1 25 | $41.6M | $-37.7M | ||
| Q4 24 | $6.0M | $56.4M | ||
| Q3 24 | $-16.0M | $86.4M | ||
| Q2 24 | $-15.1M | $56.2M | ||
| Q1 24 | $-15.5M | $-27.9M |
| Q4 25 | $17.4M | $47.9M | ||
| Q3 25 | $3.1M | $59.2M | ||
| Q2 25 | $-18.9M | $51.7M | ||
| Q1 25 | $41.2M | $-51.0M | ||
| Q4 24 | $5.2M | $41.3M | ||
| Q3 24 | $-16.5M | $67.3M | ||
| Q2 24 | $-16.5M | $36.8M | ||
| Q1 24 | $-17.6M | $-40.2M |
| Q4 25 | 12.3% | 27.8% | ||
| Q3 25 | 2.4% | 33.8% | ||
| Q2 25 | -15.5% | 23.7% | ||
| Q1 25 | 29.1% | -25.4% | ||
| Q4 24 | 3.6% | 26.4% | ||
| Q3 24 | -13.1% | 37.5% | ||
| Q2 24 | -13.4% | 15.2% | ||
| Q1 24 | -17.2% | -19.8% |
| Q4 25 | 0.6% | 6.9% | ||
| Q3 25 | 0.6% | 8.7% | ||
| Q2 25 | 0.7% | 7.7% | ||
| Q1 25 | 0.3% | 6.6% | ||
| Q4 24 | 0.6% | 9.7% | ||
| Q3 24 | 0.4% | 10.6% | ||
| Q2 24 | 1.1% | 8.0% | ||
| Q1 24 | 2.1% | 6.0% |
| Q4 25 | 1.34× | 9.65× | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | -9.47× | 1.89× | ||
| Q1 25 | — | -1.22× | ||
| Q4 24 | — | 8.95× | ||
| Q3 24 | — | 9.93× | ||
| Q2 24 | — | 1.27× | ||
| Q1 24 | — | -0.84× |
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% |
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
