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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and InvenTrust Properties Corp. (IVT). Click either name above to swap in a different company.
BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $77.4M, roughly 1.8× InvenTrust Properties Corp.). BLACKBERRY Ltd runs the higher net margin — 9.7% vs 3.4%, a 6.2% gap on every dollar of revenue. On growth, InvenTrust Properties Corp. posted the faster year-over-year revenue change (8.6% vs -0.8%). InvenTrust Properties Corp. produced more free cash flow last quarter ($110.9M vs $17.4M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs 7.6%).
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.
InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.
BB vs IVT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $77.4M |
| Net Profit | $13.7M | $2.7M |
| Gross Margin | 77.5% | — |
| Operating Margin | 8.4% | -11.0% |
| Net Margin | 9.7% | 3.4% |
| Revenue YoY | -0.8% | 8.6% |
| Net Profit YoY | 224.5% | -72.8% |
| 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 | $77.4M | ||
| Q3 25 | $129.6M | $74.5M | ||
| Q2 25 | $121.7M | $73.6M | ||
| Q1 25 | $141.7M | $73.8M | ||
| Q4 24 | $143.6M | $71.2M | ||
| Q3 24 | $126.2M | $68.5M | ||
| Q2 24 | $123.4M | $67.4M | ||
| Q1 24 | $102.1M | $66.8M |
| Q4 25 | $13.7M | $2.7M | ||
| Q3 25 | $13.3M | $6.0M | ||
| Q2 25 | $1.9M | $95.9M | ||
| Q1 25 | $-7.4M | $6.8M | ||
| Q4 24 | $-10.5M | $9.8M | ||
| Q3 24 | $-19.7M | $-539.0K | ||
| Q2 24 | $-41.4M | $1.5M | ||
| Q1 24 | $-56.2M | $2.9M |
| 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% | -11.0% | ||
| Q3 25 | 8.9% | -9.8% | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | -5.6% | -10.5% | ||
| Q4 24 | 13.6% | -3.6% | ||
| Q3 24 | 1.7% | -18.7% | ||
| Q2 24 | -10.5% | -13.6% | ||
| Q1 24 | 50.0% | -13.1% |
| Q4 25 | 9.7% | 3.4% | ||
| Q3 25 | 10.3% | 8.1% | ||
| Q2 25 | 1.6% | 130.4% | ||
| Q1 25 | -5.2% | 9.2% | ||
| Q4 24 | -7.3% | 13.8% | ||
| Q3 24 | -15.6% | -0.8% | ||
| Q2 24 | -33.5% | 2.2% | ||
| Q1 24 | -55.0% | 4.3% |
| Q4 25 | $0.02 | $0.02 | ||
| Q3 25 | $0.02 | $0.08 | ||
| Q2 25 | $0.00 | $1.23 | ||
| Q1 25 | $-0.01 | $0.09 | ||
| Q4 24 | $-0.02 | $0.14 | ||
| Q3 24 | $-0.03 | $-0.01 | ||
| Q2 24 | $-0.07 | $0.02 | ||
| Q1 24 | $-0.08 | $0.04 |
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 | — |
| Total DebtLower is stronger | $196.2M | $825.9M |
| Stockholders' EquityBook value | $741.1M | $1.8B |
| Total Assets | $1.2B | $2.8B |
| Debt / EquityLower = less leverage | 0.26× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | — | ||
| Q3 25 | $290.5M | — | ||
| Q2 25 | $306.6M | — | ||
| Q1 25 | $337.8M | — | ||
| Q4 24 | $220.0M | — | ||
| Q3 24 | $211.0M | — | ||
| Q2 24 | $229.0M | — | ||
| Q1 24 | $237.1M | — |
| Q4 25 | $196.2M | $825.9M | ||
| Q3 25 | $195.9M | $764.6M | ||
| Q2 25 | $195.6M | $746.3M | ||
| Q1 25 | $195.3M | $740.7M | ||
| Q4 24 | — | $740.4M | ||
| Q3 24 | — | $740.1M | ||
| Q2 24 | — | $812.2M | ||
| Q1 24 | $194.1M | $827.5M |
| Q4 25 | $741.1M | $1.8B | ||
| Q3 25 | $725.1M | $1.8B | ||
| Q2 25 | $725.1M | $1.8B | ||
| Q1 25 | $719.9M | $1.7B | ||
| Q4 24 | $725.2M | $1.8B | ||
| Q3 24 | $732.1M | $1.8B | ||
| Q2 24 | $742.6M | $1.5B | ||
| Q1 24 | $775.1M | $1.5B |
| Q4 25 | $1.2B | $2.8B | ||
| Q3 25 | $1.2B | $2.7B | ||
| Q2 25 | $1.2B | $2.7B | ||
| Q1 25 | $1.3B | $2.6B | ||
| Q4 24 | $1.3B | $2.6B | ||
| Q3 24 | $1.3B | $2.6B | ||
| Q2 24 | $1.3B | $2.5B | ||
| Q1 24 | $1.4B | $2.5B |
| Q4 25 | 0.26× | 0.46× | ||
| Q3 25 | 0.27× | 0.42× | ||
| Q2 25 | 0.27× | 0.41× | ||
| Q1 25 | 0.27× | 0.42× | ||
| Q4 24 | — | 0.42× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | 0.25× | 0.53× |
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 | $155.4M |
| Free Cash FlowOCF − Capex | $17.4M | $110.9M |
| FCF MarginFCF / Revenue | 12.3% | 143.3% |
| Capex IntensityCapex / Revenue | 0.6% | 57.5% |
| Cash ConversionOCF / Net Profit | 1.34× | 58.41× |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $193.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $155.4M | ||
| Q3 25 | $3.9M | $43.8M | ||
| Q2 25 | $-18.0M | $48.7M | ||
| Q1 25 | $41.6M | $20.2M | ||
| Q4 24 | $6.0M | $136.9M | ||
| Q3 24 | $-16.0M | $38.4M | ||
| Q2 24 | $-15.1M | $46.7M | ||
| Q1 24 | $-15.5M | $14.8M |
| Q4 25 | $17.4M | $110.9M | ||
| Q3 25 | $3.1M | $31.4M | ||
| Q2 25 | $-18.9M | $38.0M | ||
| Q1 25 | $41.2M | $12.8M | ||
| Q4 24 | $5.2M | $100.8M | ||
| Q3 24 | $-16.5M | $29.3M | ||
| Q2 24 | $-16.5M | $37.2M | ||
| Q1 24 | $-17.6M | $7.7M |
| Q4 25 | 12.3% | 143.3% | ||
| Q3 25 | 2.4% | 42.2% | ||
| Q2 25 | -15.5% | 51.6% | ||
| Q1 25 | 29.1% | 17.4% | ||
| Q4 24 | 3.6% | 141.5% | ||
| Q3 24 | -13.1% | 42.8% | ||
| Q2 24 | -13.4% | 55.2% | ||
| Q1 24 | -17.2% | 11.5% |
| Q4 25 | 0.6% | 57.5% | ||
| Q3 25 | 0.6% | 16.7% | ||
| Q2 25 | 0.7% | 14.6% | ||
| Q1 25 | 0.3% | 10.0% | ||
| Q4 24 | 0.6% | 50.7% | ||
| Q3 24 | 0.4% | 13.3% | ||
| Q2 24 | 1.1% | 14.0% | ||
| Q1 24 | 2.1% | 10.6% |
| Q4 25 | 1.34× | 58.41× | ||
| Q3 25 | 0.29× | 7.27× | ||
| Q2 25 | -9.47× | 0.51× | ||
| Q1 25 | — | 2.97× | ||
| Q4 24 | — | 13.97× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 31.15× | ||
| Q1 24 | — | 5.10× |
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% |
IVT
Segment breakdown not available.
