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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.
BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $120.6M, roughly 1.2× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 9.7%, a 38.4% gap on every dollar of revenue. On growth, BLACKBERRY Ltd posted the faster year-over-year revenue change (-0.8% vs -11.0%). BLACKBERRY Ltd produced more free cash flow last quarter ($17.4M vs $-55.2M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs -6.0%).
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.
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
BB vs KW — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $120.6M |
| Net Profit | $13.7M | $58.0M |
| Gross Margin | 77.5% | — |
| Operating Margin | 8.4% | 57.3% |
| Net Margin | 9.7% | 48.1% |
| Revenue YoY | -0.8% | -11.0% |
| Net Profit YoY | 224.5% | 32.7% |
| EPS (diluted) | $0.02 | $0.22 |
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 | $120.6M | ||
| Q3 25 | $129.6M | $116.4M | ||
| Q2 25 | $121.7M | $135.7M | ||
| Q1 25 | $141.7M | $128.3M | ||
| Q4 24 | $143.6M | $135.5M | ||
| Q3 24 | $126.2M | $127.5M | ||
| Q2 24 | $123.4M | $132.0M | ||
| Q1 24 | $102.1M | $136.4M |
| Q4 25 | $13.7M | $58.0M | ||
| Q3 25 | $13.3M | $-10.2M | ||
| Q2 25 | $1.9M | $5.6M | ||
| Q1 25 | $-7.4M | $-29.6M | ||
| Q4 24 | $-10.5M | $43.7M | ||
| Q3 24 | $-19.7M | $-66.8M | ||
| Q2 24 | $-41.4M | $-48.3M | ||
| Q1 24 | $-56.2M | $37.7M |
| 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% | 57.3% | ||
| Q3 25 | 8.9% | -6.2% | ||
| Q2 25 | 1.6% | 7.4% | ||
| Q1 25 | -5.6% | -26.9% | ||
| Q4 24 | 13.6% | 36.7% | ||
| Q3 24 | 1.7% | -60.8% | ||
| Q2 24 | -10.5% | -45.5% | ||
| Q1 24 | 50.0% | 47.2% |
| Q4 25 | 9.7% | 48.1% | ||
| Q3 25 | 10.3% | -8.8% | ||
| Q2 25 | 1.6% | 4.1% | ||
| Q1 25 | -5.2% | -23.1% | ||
| Q4 24 | -7.3% | 32.3% | ||
| Q3 24 | -15.6% | -52.4% | ||
| Q2 24 | -33.5% | -36.6% | ||
| Q1 24 | -55.0% | 27.6% |
| Q4 25 | $0.02 | $0.22 | ||
| Q3 25 | $0.02 | $-0.15 | ||
| Q2 25 | $0.00 | $-0.05 | ||
| Q1 25 | $-0.01 | $-0.30 | ||
| Q4 24 | $-0.02 | $0.24 | ||
| Q3 24 | $-0.03 | $-0.56 | ||
| Q2 24 | $-0.07 | $-0.43 | ||
| Q1 24 | $-0.08 | $0.19 |
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 | $184.5M |
| Total DebtLower is stronger | $196.2M | — |
| Stockholders' EquityBook value | $741.1M | $1.5B |
| Total Assets | $1.2B | $6.6B |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $184.5M | ||
| Q3 25 | $290.5M | $382.6M | ||
| Q2 25 | $306.6M | $309.1M | ||
| Q1 25 | $337.8M | $356.6M | ||
| Q4 24 | $220.0M | $217.5M | ||
| Q3 24 | $211.0M | $367.1M | ||
| Q2 24 | $229.0M | $366.5M | ||
| Q1 24 | $237.1M | $541.9M |
| 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 | $1.5B | ||
| Q3 25 | $725.1M | $1.5B | ||
| Q2 25 | $725.1M | $1.6B | ||
| Q1 25 | $719.9M | $1.6B | ||
| Q4 24 | $725.2M | $1.6B | ||
| Q3 24 | $732.1M | $1.6B | ||
| Q2 24 | $742.6M | $1.7B | ||
| Q1 24 | $775.1M | $1.7B |
| Q4 25 | $1.2B | $6.6B | ||
| Q3 25 | $1.2B | $6.7B | ||
| Q2 25 | $1.2B | $6.8B | ||
| Q1 25 | $1.3B | $7.2B | ||
| Q4 24 | $1.3B | $7.0B | ||
| Q3 24 | $1.3B | $7.4B | ||
| Q2 24 | $1.3B | $7.5B | ||
| Q1 24 | $1.4B | $7.7B |
| 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 | $11.4M |
| Free Cash FlowOCF − Capex | $17.4M | $-55.2M |
| FCF MarginFCF / Revenue | 12.3% | -45.8% |
| Capex IntensityCapex / Revenue | 0.6% | 55.2% |
| Cash ConversionOCF / Net Profit | 1.34× | 0.20× |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $-103.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $11.4M | ||
| Q3 25 | $3.9M | $-7.6M | ||
| Q2 25 | $-18.0M | $42.0M | ||
| Q1 25 | $41.6M | $-51.9M | ||
| Q4 24 | $6.0M | $55.1M | ||
| Q3 24 | $-16.0M | $-5.6M | ||
| Q2 24 | $-15.1M | $36.7M | ||
| Q1 24 | $-15.5M | $-5.6M |
| Q4 25 | $17.4M | $-55.2M | ||
| Q3 25 | $3.1M | $-18.0M | ||
| Q2 25 | $-18.9M | $29.4M | ||
| Q1 25 | $41.2M | $-59.7M | ||
| Q4 24 | $5.2M | $-76.5M | ||
| Q3 24 | $-16.5M | $-27.7M | ||
| Q2 24 | $-16.5M | $-500.0K | ||
| Q1 24 | $-17.6M | $-57.1M |
| Q4 25 | 12.3% | -45.8% | ||
| Q3 25 | 2.4% | -15.5% | ||
| Q2 25 | -15.5% | 21.7% | ||
| Q1 25 | 29.1% | -46.5% | ||
| Q4 24 | 3.6% | -56.5% | ||
| Q3 24 | -13.1% | -21.7% | ||
| Q2 24 | -13.4% | -0.4% | ||
| Q1 24 | -17.2% | -41.9% |
| Q4 25 | 0.6% | 55.2% | ||
| Q3 25 | 0.6% | 8.9% | ||
| Q2 25 | 0.7% | 9.3% | ||
| Q1 25 | 0.3% | 6.1% | ||
| Q4 24 | 0.6% | 97.1% | ||
| Q3 24 | 0.4% | 17.3% | ||
| Q2 24 | 1.1% | 28.2% | ||
| Q1 24 | 2.1% | 37.8% |
| Q4 25 | 1.34× | 0.20× | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | -9.47× | 7.50× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.15× |
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% |
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
