vs
Side-by-side financial comparison of BLACKBERRY Ltd (BB) and IMAX CORP (IMAX). Click either name above to swap in a different company.
BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $125.2M, roughly 1.1× IMAX CORP). BLACKBERRY Ltd runs the higher net margin — 9.7% vs 0.5%, a 9.2% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs -0.8%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $17.4M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% 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.
IMAX Corporation is a Canadian production theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post-production and distribution to IMAX-affiliated theatres worldwide. Founded in Montreal in 1967, it has headquarters in the Toronto area, and operations in New York City and Los Angeles.
BB vs IMAX — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $125.2M |
| Net Profit | $13.7M | $637.0K |
| Gross Margin | 77.5% | 57.6% |
| Operating Margin | 8.4% | 19.3% |
| Net Margin | 9.7% | 0.5% |
| Revenue YoY | -0.8% | 35.1% |
| Net Profit YoY | 224.5% | -88.0% |
| EPS (diluted) | $0.02 | $0.02 |
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 | $125.2M | ||
| Q3 25 | $129.6M | $106.7M | ||
| Q2 25 | $121.7M | $91.7M | ||
| Q1 25 | $141.7M | $86.7M | ||
| Q4 24 | $143.6M | $92.7M | ||
| Q3 24 | $126.2M | $91.5M | ||
| Q2 24 | $123.4M | $89.0M | ||
| Q1 24 | $102.1M | $79.1M |
| Q4 25 | $13.7M | $637.0K | ||
| Q3 25 | $13.3M | $20.7M | ||
| Q2 25 | $1.9M | $11.3M | ||
| Q1 25 | $-7.4M | $2.3M | ||
| Q4 24 | $-10.5M | $5.3M | ||
| Q3 24 | $-19.7M | $13.9M | ||
| Q2 24 | $-41.4M | $3.6M | ||
| Q1 24 | $-56.2M | $3.3M |
| Q4 25 | 77.5% | 57.6% | ||
| Q3 25 | 74.5% | 63.1% | ||
| Q2 25 | 74.2% | 58.5% | ||
| Q1 25 | 73.5% | 61.4% | ||
| Q4 24 | 78.1% | 52.2% | ||
| Q3 24 | 70.2% | 55.8% | ||
| Q2 24 | 72.9% | 49.4% | ||
| Q1 24 | — | 59.3% |
| Q4 25 | 8.4% | 19.3% | ||
| Q3 25 | 8.9% | 27.2% | ||
| Q2 25 | 1.6% | 15.6% | ||
| Q1 25 | -5.6% | 19.3% | ||
| Q4 24 | 13.6% | 10.3% | ||
| Q3 24 | 1.7% | 21.2% | ||
| Q2 24 | -10.5% | 3.2% | ||
| Q1 24 | 50.0% | 15.3% |
| Q4 25 | 9.7% | 0.5% | ||
| Q3 25 | 10.3% | 19.4% | ||
| Q2 25 | 1.6% | 12.3% | ||
| Q1 25 | -5.2% | 2.7% | ||
| Q4 24 | -7.3% | 5.7% | ||
| Q3 24 | -15.6% | 15.2% | ||
| Q2 24 | -33.5% | 4.0% | ||
| Q1 24 | -55.0% | 4.1% |
| Q4 25 | $0.02 | $0.02 | ||
| Q3 25 | $0.02 | $0.37 | ||
| Q2 25 | $0.00 | $0.20 | ||
| Q1 25 | $-0.01 | $0.04 | ||
| Q4 24 | $-0.02 | $0.09 | ||
| Q3 24 | $-0.03 | $0.26 | ||
| Q2 24 | $-0.07 | $0.07 | ||
| Q1 24 | $-0.08 | $0.06 |
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 | $151.2M |
| Total DebtLower is stronger | $196.2M | — |
| Stockholders' EquityBook value | $741.1M | $337.9M |
| Total Assets | $1.2B | $894.0M |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $151.2M | ||
| Q3 25 | $290.5M | $143.1M | ||
| Q2 25 | $306.6M | $109.3M | ||
| Q1 25 | $337.8M | $97.1M | ||
| Q4 24 | $220.0M | $100.6M | ||
| Q3 24 | $211.0M | $104.5M | ||
| Q2 24 | $229.0M | $91.6M | ||
| Q1 24 | $237.1M | $81.0M |
| 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 | $337.9M | ||
| Q3 25 | $725.1M | $349.5M | ||
| Q2 25 | $725.1M | $320.4M | ||
| Q1 25 | $719.9M | $299.5M | ||
| Q4 24 | $725.2M | $299.5M | ||
| Q3 24 | $732.1M | $289.4M | ||
| Q2 24 | $742.6M | $267.2M | ||
| Q1 24 | $775.1M | $258.8M |
| Q4 25 | $1.2B | $894.0M | ||
| Q3 25 | $1.2B | $889.6M | ||
| Q2 25 | $1.2B | $868.6M | ||
| Q1 25 | $1.3B | $848.3M | ||
| Q4 24 | $1.3B | $830.4M | ||
| Q3 24 | $1.3B | $847.6M | ||
| Q2 24 | $1.3B | $827.4M | ||
| Q1 24 | $1.4B | $824.1M |
| 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 | $29.4M |
| Free Cash FlowOCF − Capex | $17.4M | $28.0M |
| FCF MarginFCF / Revenue | 12.3% | 22.3% |
| Capex IntensityCapex / Revenue | 0.6% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.34× | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $29.4M | ||
| Q3 25 | $3.9M | $67.5M | ||
| Q2 25 | $-18.0M | $23.2M | ||
| Q1 25 | $41.6M | $7.0M | ||
| Q4 24 | $6.0M | $11.5M | ||
| Q3 24 | $-16.0M | $35.3M | ||
| Q2 24 | $-15.1M | $35.0M | ||
| Q1 24 | $-15.5M | $-11.0M |
| Q4 25 | $17.4M | $28.0M | ||
| Q3 25 | $3.1M | $64.8M | ||
| Q2 25 | $-18.9M | $20.9M | ||
| Q1 25 | $41.2M | $5.3M | ||
| Q4 24 | $5.2M | $6.9M | ||
| Q3 24 | $-16.5M | $34.2M | ||
| Q2 24 | $-16.5M | $33.5M | ||
| Q1 24 | $-17.6M | $-12.1M |
| Q4 25 | 12.3% | 22.3% | ||
| Q3 25 | 2.4% | 60.7% | ||
| Q2 25 | -15.5% | 22.8% | ||
| Q1 25 | 29.1% | 6.1% | ||
| Q4 24 | 3.6% | 7.4% | ||
| Q3 24 | -13.1% | 37.3% | ||
| Q2 24 | -13.4% | 37.6% | ||
| Q1 24 | -17.2% | -15.3% |
| Q4 25 | 0.6% | 1.1% | ||
| Q3 25 | 0.6% | 2.6% | ||
| Q2 25 | 0.7% | 2.6% | ||
| Q1 25 | 0.3% | 1.9% | ||
| Q4 24 | 0.6% | 5.0% | ||
| Q3 24 | 0.4% | 1.2% | ||
| Q2 24 | 1.1% | 1.8% | ||
| Q1 24 | 2.1% | 1.4% |
| Q4 25 | 1.34× | 46.11× | ||
| Q3 25 | 0.29× | 3.27× | ||
| Q2 25 | -9.47× | 2.06× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 9.78× | ||
| Q1 24 | — | -3.35× |
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% |
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
