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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and PAMT CORP (PAMT). Click either name above to swap in a different company.
BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $141.3M, roughly 1.0× PAMT CORP). BLACKBERRY Ltd runs the higher net margin — 9.7% vs -20.7%, a 30.4% gap on every dollar of revenue. On growth, BLACKBERRY Ltd posted the faster year-over-year revenue change (-0.8% vs -15.1%). BLACKBERRY Ltd produced more free cash flow last quarter ($17.4M vs $-25.0M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs -12.0%).
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.
BB vs PAMT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $141.3M |
| Net Profit | $13.7M | $-29.3M |
| Gross Margin | 77.5% | — |
| Operating Margin | 8.4% | -27.0% |
| Net Margin | 9.7% | -20.7% |
| Revenue YoY | -0.8% | -15.1% |
| Net Profit YoY | 224.5% | 7.4% |
| EPS (diluted) | $0.02 | $-1.38 |
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.
| Q4 25 | $141.8M | $141.3M | ||
| Q3 25 | $129.6M | $150.3M | ||
| Q2 25 | $121.7M | $151.1M | ||
| Q1 25 | $141.7M | $155.3M | ||
| Q4 24 | $143.6M | $166.5M | ||
| Q3 24 | $126.2M | $182.6M | ||
| Q2 24 | $123.4M | $182.9M | ||
| Q1 24 | $102.1M | $182.6M |
| Q4 25 | $13.7M | $-29.3M | ||
| Q3 25 | $13.3M | $-5.6M | ||
| Q2 25 | $1.9M | $-9.6M | ||
| Q1 25 | $-7.4M | $-8.1M | ||
| Q4 24 | $-10.5M | $-31.6M | ||
| Q3 24 | $-19.7M | $2.4M | ||
| Q2 24 | $-41.4M | $-2.9M | ||
| Q1 24 | $-56.2M | $281.0K |
| 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% | -27.0% | ||
| Q3 25 | 8.9% | -3.8% | ||
| Q2 25 | 1.6% | -7.3% | ||
| Q1 25 | -5.6% | -5.9% | ||
| Q4 24 | 13.6% | -22.6% | ||
| Q3 24 | 1.7% | 1.3% | ||
| Q2 24 | -10.5% | -0.4% | ||
| Q1 24 | 50.0% | -0.4% |
| Q4 25 | 9.7% | -20.7% | ||
| Q3 25 | 10.3% | -3.7% | ||
| Q2 25 | 1.6% | -6.4% | ||
| Q1 25 | -5.2% | -5.2% | ||
| Q4 24 | -7.3% | -19.0% | ||
| Q3 24 | -15.6% | 1.3% | ||
| Q2 24 | -33.5% | -1.6% | ||
| Q1 24 | -55.0% | 0.2% |
| Q4 25 | $0.02 | $-1.38 | ||
| Q3 25 | $0.02 | $-0.27 | ||
| Q2 25 | $0.00 | $-0.46 | ||
| Q1 25 | $-0.01 | $-0.37 | ||
| Q4 24 | $-0.02 | $-1.44 | ||
| Q3 24 | $-0.03 | $0.11 | ||
| Q2 24 | $-0.07 | $-0.13 | ||
| 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 | $83.7M |
| Total DebtLower is stronger | $196.2M | $333.9M |
| Stockholders' EquityBook value | $741.1M | $210.5M |
| Total Assets | $1.2B | $697.9M |
| Debt / EquityLower = less leverage | 0.26× | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $83.7M | ||
| Q3 25 | $290.5M | $115.6M | ||
| Q2 25 | $306.6M | $117.3M | ||
| Q1 25 | $337.8M | $102.7M | ||
| Q4 24 | $220.0M | $110.7M | ||
| Q3 24 | $211.0M | $92.3M | ||
| Q2 24 | $229.0M | $114.0M | ||
| Q1 24 | $237.1M | $125.8M |
| Q4 25 | $196.2M | $333.9M | ||
| Q3 25 | $195.9M | — | ||
| Q2 25 | $195.6M | — | ||
| Q1 25 | $195.3M | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $194.1M | — |
| Q4 25 | $741.1M | $210.5M | ||
| Q3 25 | $725.1M | $239.5M | ||
| Q2 25 | $725.1M | $244.9M | ||
| Q1 25 | $719.9M | $269.6M | ||
| Q4 24 | $725.2M | $277.5M | ||
| Q3 24 | $732.1M | $308.9M | ||
| Q2 24 | $742.6M | $306.7M | ||
| Q1 24 | $775.1M | $314.6M |
| Q4 25 | $1.2B | $697.9M | ||
| Q3 25 | $1.2B | $715.2M | ||
| Q2 25 | $1.2B | $707.9M | ||
| Q1 25 | $1.3B | $712.6M | ||
| Q4 24 | $1.3B | $741.7M | ||
| Q3 24 | $1.3B | $756.7M | ||
| Q2 24 | $1.3B | $733.5M | ||
| Q1 24 | $1.4B | $746.4M |
| Q4 25 | 0.26× | 1.59× | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $17.4M | $-25.0M |
| FCF MarginFCF / Revenue | 12.3% | -17.7% |
| Capex IntensityCapex / Revenue | 0.6% | 13.6% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $-5.8M | ||
| Q3 25 | $3.9M | $5.9M | ||
| Q2 25 | $-18.0M | $12.2M | ||
| Q1 25 | $41.6M | $5.0M | ||
| Q4 24 | $6.0M | $15.2M | ||
| Q3 24 | $-16.0M | $15.5M | ||
| Q2 24 | $-15.1M | $18.7M | ||
| Q1 24 | $-15.5M | $9.6M |
| Q4 25 | $17.4M | $-25.0M | ||
| Q3 25 | $3.1M | $2.5M | ||
| Q2 25 | $-18.9M | $5.9M | ||
| Q1 25 | $41.2M | $-6.8M | ||
| Q4 24 | $5.2M | $-39.9M | ||
| Q3 24 | $-16.5M | $-33.6M | ||
| Q2 24 | $-16.5M | $4.1M | ||
| Q1 24 | $-17.6M | $-12.2M |
| Q4 25 | 12.3% | -17.7% | ||
| Q3 25 | 2.4% | 1.7% | ||
| Q2 25 | -15.5% | 3.9% | ||
| Q1 25 | 29.1% | -4.4% | ||
| Q4 24 | 3.6% | -24.0% | ||
| Q3 24 | -13.1% | -18.4% | ||
| Q2 24 | -13.4% | 2.2% | ||
| Q1 24 | -17.2% | -6.7% |
| Q4 25 | 0.6% | 13.6% | ||
| Q3 25 | 0.6% | 2.3% | ||
| Q2 25 | 0.7% | 4.2% | ||
| Q1 25 | 0.3% | 7.6% | ||
| Q4 24 | 0.6% | 33.1% | ||
| Q3 24 | 0.4% | 26.9% | ||
| Q2 24 | 1.1% | 8.0% | ||
| Q1 24 | 2.1% | 12.0% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | -9.47× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 34.11× |
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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
