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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and OLAPLEX HOLDINGS, INC. (OLPX). Click either name above to swap in a different company.
BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $105.1M, roughly 1.3× OLAPLEX HOLDINGS, INC.). BLACKBERRY Ltd runs the higher net margin — 9.7% vs -12.5%, a 22.1% gap on every dollar of revenue. On growth, OLAPLEX HOLDINGS, INC. posted the faster year-over-year revenue change (4.3% vs -0.8%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $17.4M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs 3.1%).
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.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
BB vs OLPX — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $105.1M |
| Net Profit | $13.7M | $-13.1M |
| Gross Margin | 77.5% | 68.0% |
| Operating Margin | 8.4% | -4.3% |
| Net Margin | 9.7% | -12.5% |
| Revenue YoY | -0.8% | 4.3% |
| Net Profit YoY | 224.5% | -48.9% |
| 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 | $105.1M | ||
| Q3 25 | $129.6M | $114.6M | ||
| Q2 25 | $121.7M | $106.3M | ||
| Q1 25 | $141.7M | $97.0M | ||
| Q4 24 | $143.6M | $100.7M | ||
| Q3 24 | $126.2M | $119.1M | ||
| Q2 24 | $123.4M | $103.9M | ||
| Q1 24 | $102.1M | $98.9M |
| Q4 25 | $13.7M | $-13.1M | ||
| Q3 25 | $13.3M | $11.1M | ||
| Q2 25 | $1.9M | $-7.7M | ||
| Q1 25 | $-7.4M | $465.0K | ||
| Q4 24 | $-10.5M | $-8.8M | ||
| Q3 24 | $-19.7M | $14.8M | ||
| Q2 24 | $-41.4M | $5.8M | ||
| Q1 24 | $-56.2M | $7.7M |
| Q4 25 | 77.5% | 68.0% | ||
| Q3 25 | 74.5% | 69.1% | ||
| Q2 25 | 74.2% | 71.2% | ||
| Q1 25 | 73.5% | 69.5% | ||
| Q4 24 | 78.1% | 66.3% | ||
| Q3 24 | 70.2% | 68.6% | ||
| Q2 24 | 72.9% | 69.7% | ||
| Q1 24 | — | 72.1% |
| Q4 25 | 8.4% | -4.3% | ||
| Q3 25 | 8.9% | 3.7% | ||
| Q2 25 | 1.6% | -1.1% | ||
| Q1 25 | -5.6% | 8.7% | ||
| Q4 24 | 13.6% | 3.0% | ||
| Q3 24 | 1.7% | 23.5% | ||
| Q2 24 | -10.5% | 15.7% | ||
| Q1 24 | 50.0% | 19.8% |
| Q4 25 | 9.7% | -12.5% | ||
| Q3 25 | 10.3% | 9.7% | ||
| Q2 25 | 1.6% | -7.3% | ||
| Q1 25 | -5.2% | 0.5% | ||
| Q4 24 | -7.3% | -8.7% | ||
| Q3 24 | -15.6% | 12.4% | ||
| Q2 24 | -33.5% | 5.6% | ||
| Q1 24 | -55.0% | 7.8% |
| Q4 25 | $0.02 | $-0.02 | ||
| Q3 25 | $0.02 | $0.02 | ||
| Q2 25 | $0.00 | $-0.01 | ||
| Q1 25 | $-0.01 | $0.00 | ||
| Q4 24 | $-0.02 | $-0.01 | ||
| Q3 24 | $-0.03 | $0.02 | ||
| Q2 24 | $-0.07 | $0.01 | ||
| Q1 24 | $-0.08 | $0.01 |
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 | $318.7M |
| Total DebtLower is stronger | $196.2M | $352.3M |
| Stockholders' EquityBook value | $741.1M | $879.4M |
| Total Assets | $1.2B | $1.5B |
| Debt / EquityLower = less leverage | 0.26× | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $318.7M | ||
| Q3 25 | $290.5M | $286.4M | ||
| Q2 25 | $306.6M | $289.3M | ||
| Q1 25 | $337.8M | $580.9M | ||
| Q4 24 | $220.0M | $586.0M | ||
| Q3 24 | $211.0M | $538.8M | ||
| Q2 24 | $229.0M | $507.9M | ||
| Q1 24 | $237.1M | $507.5M |
| Q4 25 | $196.2M | $352.3M | ||
| Q3 25 | $195.9M | $352.1M | ||
| Q2 25 | $195.6M | $351.9M | ||
| Q1 25 | $195.3M | $649.1M | ||
| Q4 24 | — | $650.5M | ||
| Q3 24 | — | $651.8M | ||
| Q2 24 | — | $653.1M | ||
| Q1 24 | $194.1M | $654.4M |
| Q4 25 | $741.1M | $879.4M | ||
| Q3 25 | $725.1M | $888.7M | ||
| Q2 25 | $725.1M | $874.2M | ||
| Q1 25 | $719.9M | $878.3M | ||
| Q4 24 | $725.2M | $874.4M | ||
| Q3 24 | $732.1M | $879.7M | ||
| Q2 24 | $742.6M | $863.3M | ||
| Q1 24 | $775.1M | $855.7M |
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.3B | $1.8B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.3B | $1.8B | ||
| Q1 24 | $1.4B | $1.8B |
| Q4 25 | 0.26× | 0.40× | ||
| Q3 25 | 0.27× | 0.40× | ||
| Q2 25 | 0.27× | 0.40× | ||
| Q1 25 | 0.27× | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | 0.25× | 0.76× |
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 | $32.7M |
| Free Cash FlowOCF − Capex | $17.4M | $32.6M |
| FCF MarginFCF / Revenue | 12.3% | 31.0% |
| Capex IntensityCapex / Revenue | 0.6% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $32.7M | ||
| Q3 25 | $3.9M | $8.0M | ||
| Q2 25 | $-18.0M | $20.9M | ||
| Q1 25 | $41.6M | $-2.9M | ||
| Q4 24 | $6.0M | $49.7M | ||
| Q3 24 | $-16.0M | $33.5M | ||
| Q2 24 | $-15.1M | $16.2M | ||
| Q1 24 | $-15.5M | $43.7M |
| Q4 25 | $17.4M | $32.6M | ||
| Q3 25 | $3.1M | $7.9M | ||
| Q2 25 | $-18.9M | $20.8M | ||
| Q1 25 | $41.2M | $-3.0M | ||
| Q4 24 | $5.2M | $49.2M | ||
| Q3 24 | $-16.5M | $33.3M | ||
| Q2 24 | $-16.5M | $16.1M | ||
| Q1 24 | $-17.6M | $43.3M |
| Q4 25 | 12.3% | 31.0% | ||
| Q3 25 | 2.4% | 6.9% | ||
| Q2 25 | -15.5% | 19.6% | ||
| Q1 25 | 29.1% | -3.1% | ||
| Q4 24 | 3.6% | 48.9% | ||
| Q3 24 | -13.1% | 28.0% | ||
| Q2 24 | -13.4% | 15.5% | ||
| Q1 24 | -17.2% | 43.7% |
| Q4 25 | 0.6% | 0.1% | ||
| Q3 25 | 0.6% | 0.1% | ||
| Q2 25 | 0.7% | 0.1% | ||
| Q1 25 | 0.3% | 0.0% | ||
| Q4 24 | 0.6% | 0.4% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 1.1% | 0.1% | ||
| Q1 24 | 2.1% | 0.5% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 0.29× | 0.72× | ||
| Q2 25 | -9.47× | — | ||
| Q1 25 | — | -6.27× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.26× | ||
| Q2 24 | — | 2.81× | ||
| Q1 24 | — | 5.64× |
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% |
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
