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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and HIVE Digital Technologies Ltd. (HIVE). Click either name above to swap in a different company.

BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $93.1M, roughly 1.5× HIVE Digital Technologies Ltd.). BLACKBERRY Ltd runs the higher net margin — 9.7% vs -98.1%, a 107.7% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -0.8%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% 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.

Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.

BB vs HIVE — Head-to-Head

Bigger by revenue
BB
BB
1.5× larger
BB
$141.8M
$93.1M
HIVE
Growing faster (revenue YoY)
HIVE
HIVE
+219.4% gap
HIVE
218.6%
-0.8%
BB
Higher net margin
BB
BB
107.7% more per $
BB
9.7%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
17.8%
BB

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
BB
BB
HIVE
HIVE
Revenue
$141.8M
$93.1M
Net Profit
$13.7M
$-91.3M
Gross Margin
77.5%
-27.1%
Operating Margin
8.4%
Net Margin
9.7%
-98.1%
Revenue YoY
-0.8%
218.6%
Net Profit YoY
224.5%
-234.0%
EPS (diluted)
$0.02
$-0.38

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.

Revenue
BB
BB
HIVE
HIVE
Q4 25
$141.8M
$93.1M
Q3 25
$129.6M
$87.3M
Q2 25
$121.7M
$45.6M
Q1 25
$141.7M
Q4 24
$143.6M
$29.2M
Q3 24
$126.2M
$22.6M
Q2 24
$123.4M
$32.2M
Q1 24
$102.1M
Net Profit
BB
BB
HIVE
HIVE
Q4 25
$13.7M
$-91.3M
Q3 25
$13.3M
$-15.8M
Q2 25
$1.9M
$35.0M
Q1 25
$-7.4M
Q4 24
$-10.5M
$68.2M
Q3 24
$-19.7M
$80.0K
Q2 24
$-41.4M
$-18.3M
Q1 24
$-56.2M
Gross Margin
BB
BB
HIVE
HIVE
Q4 25
77.5%
-27.1%
Q3 25
74.5%
4.7%
Q2 25
74.2%
-13.6%
Q1 25
73.5%
Q4 24
78.1%
-43.7%
Q3 24
70.2%
-66.1%
Q2 24
72.9%
-7.4%
Q1 24
Operating Margin
BB
BB
HIVE
HIVE
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%
Net Margin
BB
BB
HIVE
HIVE
Q4 25
9.7%
-98.1%
Q3 25
10.3%
-18.1%
Q2 25
1.6%
76.8%
Q1 25
-5.2%
Q4 24
-7.3%
233.2%
Q3 24
-15.6%
0.4%
Q2 24
-33.5%
-56.7%
Q1 24
-55.0%
EPS (diluted)
BB
BB
HIVE
HIVE
Q4 25
$0.02
$-0.38
Q3 25
$0.02
$-0.07
Q2 25
$0.00
$0.18
Q1 25
$-0.01
Q4 24
$-0.02
$0.52
Q3 24
$-0.03
$0.00
Q2 24
$-0.07
$-0.17
Q1 24
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BB
BB
HIVE
HIVE
Cash + ST InvestmentsLiquidity on hand
$304.2M
Total DebtLower is stronger
$196.2M
Stockholders' EquityBook value
$741.1M
$559.3M
Total Assets
$1.2B
$624.0M
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BB
BB
HIVE
HIVE
Q4 25
$304.2M
Q3 25
$290.5M
Q2 25
$306.6M
Q1 25
$337.8M
Q4 24
$220.0M
$40.5M
Q3 24
$211.0M
$31.7M
Q2 24
$229.0M
Q1 24
$237.1M
Total Debt
BB
BB
HIVE
HIVE
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
Stockholders' Equity
BB
BB
HIVE
HIVE
Q4 25
$741.1M
$559.3M
Q3 25
$725.1M
$624.6M
Q2 25
$725.1M
$560.5M
Q1 25
$719.9M
Q4 24
$725.2M
$430.9M
Q3 24
$732.1M
$275.5M
Q2 24
$742.6M
$268.6M
Q1 24
$775.1M
Total Assets
BB
BB
HIVE
HIVE
Q4 25
$1.2B
$624.0M
Q3 25
$1.2B
$693.0M
Q2 25
$1.2B
$628.7M
Q1 25
$1.3B
Q4 24
$1.3B
$478.6M
Q3 24
$1.3B
$334.7M
Q2 24
$1.3B
Q1 24
$1.4B
Debt / Equity
BB
BB
HIVE
HIVE
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
BB
BB
HIVE
HIVE
Operating Cash FlowLast quarter
$18.3M
$46.0M
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.

Operating Cash Flow
BB
BB
HIVE
HIVE
Q4 25
$18.3M
$46.0M
Q3 25
$3.9M
$-10.6M
Q2 25
$-18.0M
$10.2M
Q1 25
$41.6M
Q4 24
$6.0M
$-28.5M
Q3 24
$-16.0M
$-2.2M
Q2 24
$-15.1M
$-4.4M
Q1 24
$-15.5M
Free Cash Flow
BB
BB
HIVE
HIVE
Q4 25
$17.4M
Q3 25
$3.1M
Q2 25
$-18.9M
Q1 25
$41.2M
Q4 24
$5.2M
$-55.5M
Q3 24
$-16.5M
$-34.7M
Q2 24
$-16.5M
Q1 24
$-17.6M
FCF Margin
BB
BB
HIVE
HIVE
Q4 25
12.3%
Q3 25
2.4%
Q2 25
-15.5%
Q1 25
29.1%
Q4 24
3.6%
-189.9%
Q3 24
-13.1%
-153.4%
Q2 24
-13.4%
Q1 24
-17.2%
Capex Intensity
BB
BB
HIVE
HIVE
Q4 25
0.6%
Q3 25
0.6%
Q2 25
0.7%
Q1 25
0.3%
Q4 24
0.6%
92.5%
Q3 24
0.4%
143.9%
Q2 24
1.1%
Q1 24
2.1%
Cash Conversion
BB
BB
HIVE
HIVE
Q4 25
1.34×
Q3 25
0.29×
Q2 25
-9.47×
0.29×
Q1 25
Q4 24
-0.42×
Q3 24
-26.94×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BB
BB

QNX$68.7M48%
Secure Communication$67.0M47%
Licensing$6.1M4%

HIVE
HIVE

Segment breakdown not available.

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