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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.
BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $75.5M, roughly 1.9× PUMA BIOTECHNOLOGY, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs -0.8%). BLACKBERRY Ltd produced more free cash flow last quarter ($17.4M vs $14.4M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% 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.
Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.
BB vs PBYI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $75.5M |
| Net Profit | $13.7M | — |
| Gross Margin | 77.5% | 69.3% |
| Operating Margin | 8.4% | 22.7% |
| Net Margin | 9.7% | — |
| Revenue YoY | -0.8% | 27.7% |
| Net Profit YoY | 224.5% | — |
| EPS (diluted) | $0.02 | $0.26 |
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 | $75.5M | ||
| Q3 25 | $129.6M | $54.5M | ||
| Q2 25 | $121.7M | $52.4M | ||
| Q1 25 | $141.7M | $46.0M | ||
| Q4 24 | $143.6M | $59.1M | ||
| Q3 24 | $126.2M | $80.5M | ||
| Q2 24 | $123.4M | $47.1M | ||
| Q1 24 | $102.1M | $43.8M |
| Q4 25 | $13.7M | — | ||
| Q3 25 | $13.3M | $8.8M | ||
| Q2 25 | $1.9M | $5.9M | ||
| Q1 25 | $-7.4M | $3.0M | ||
| Q4 24 | $-10.5M | — | ||
| Q3 24 | $-19.7M | $20.3M | ||
| Q2 24 | $-41.4M | $-4.5M | ||
| Q1 24 | $-56.2M | $-4.8M |
| Q4 25 | 77.5% | 69.3% | ||
| Q3 25 | 74.5% | 77.7% | ||
| Q2 25 | 74.2% | 76.5% | ||
| Q1 25 | 73.5% | 77.1% | ||
| Q4 24 | 78.1% | 76.4% | ||
| Q3 24 | 70.2% | 63.9% | ||
| Q2 24 | 72.9% | 77.4% | ||
| Q1 24 | — | 75.5% |
| Q4 25 | 8.4% | 22.7% | ||
| Q3 25 | 8.9% | 17.6% | ||
| Q2 25 | 1.6% | 12.7% | ||
| Q1 25 | -5.6% | 8.7% | ||
| Q4 24 | 13.6% | 22.6% | ||
| Q3 24 | 1.7% | 27.4% | ||
| Q2 24 | -10.5% | -4.6% | ||
| Q1 24 | 50.0% | -5.3% |
| Q4 25 | 9.7% | — | ||
| Q3 25 | 10.3% | 16.2% | ||
| Q2 25 | 1.6% | 11.2% | ||
| Q1 25 | -5.2% | 6.5% | ||
| Q4 24 | -7.3% | — | ||
| Q3 24 | -15.6% | 25.2% | ||
| Q2 24 | -33.5% | -9.6% | ||
| Q1 24 | -55.0% | -11.0% |
| Q4 25 | $0.02 | $0.26 | ||
| Q3 25 | $0.02 | $0.17 | ||
| Q2 25 | $0.00 | $0.12 | ||
| Q1 25 | $-0.01 | $0.06 | ||
| Q4 24 | $-0.02 | $0.40 | ||
| Q3 24 | $-0.03 | $0.41 | ||
| Q2 24 | $-0.07 | $-0.09 | ||
| Q1 24 | $-0.08 | $-0.10 |
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 | $97.5M |
| Total DebtLower is stronger | $196.2M | $22.7M |
| Stockholders' EquityBook value | $741.1M | $130.3M |
| Total Assets | $1.2B | $216.3M |
| Debt / EquityLower = less leverage | 0.26× | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $97.5M | ||
| Q3 25 | $290.5M | $94.4M | ||
| Q2 25 | $306.6M | $96.0M | ||
| Q1 25 | $337.8M | $93.2M | ||
| Q4 24 | $220.0M | $101.0M | ||
| Q3 24 | $211.0M | $96.7M | ||
| Q2 24 | $229.0M | $96.8M | ||
| Q1 24 | $237.1M | $107.2M |
| Q4 25 | $196.2M | $22.7M | ||
| Q3 25 | $195.9M | $34.0M | ||
| Q2 25 | $195.6M | $45.3M | ||
| Q1 25 | $195.3M | $56.7M | ||
| Q4 24 | — | $68.0M | ||
| Q3 24 | — | $79.3M | ||
| Q2 24 | — | $90.7M | ||
| Q1 24 | $194.1M | $102.0M |
| Q4 25 | $741.1M | $130.3M | ||
| Q3 25 | $725.1M | $115.3M | ||
| Q2 25 | $725.1M | $104.7M | ||
| Q1 25 | $719.9M | $97.1M | ||
| Q4 24 | $725.2M | $92.1M | ||
| Q3 24 | $732.1M | $71.1M | ||
| Q2 24 | $742.6M | $48.5M | ||
| Q1 24 | $775.1M | $51.0M |
| Q4 25 | $1.2B | $216.3M | ||
| Q3 25 | $1.2B | $202.9M | ||
| Q2 25 | $1.2B | $194.9M | ||
| Q1 25 | $1.3B | $196.2M | ||
| Q4 24 | $1.3B | $213.3M | ||
| Q3 24 | $1.3B | $220.7M | ||
| Q2 24 | $1.3B | $205.0M | ||
| Q1 24 | $1.4B | $214.1M |
| Q4 25 | 0.26× | 0.17× | ||
| Q3 25 | 0.27× | 0.30× | ||
| Q2 25 | 0.27× | 0.43× | ||
| Q1 25 | 0.27× | 0.58× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | 0.25× | 2.00× |
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 | $14.4M |
| Free Cash FlowOCF − Capex | $17.4M | $14.4M |
| FCF MarginFCF / Revenue | 12.3% | 19.1% |
| Capex IntensityCapex / Revenue | 0.6% | 0.0% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $41.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $14.4M | ||
| Q3 25 | $3.9M | $9.7M | ||
| Q2 25 | $-18.0M | $14.1M | ||
| Q1 25 | $41.6M | $3.6M | ||
| Q4 24 | $6.0M | $15.6M | ||
| Q3 24 | $-16.0M | $11.0M | ||
| Q2 24 | $-15.1M | $1.0M | ||
| Q1 24 | $-15.5M | $11.2M |
| Q4 25 | $17.4M | $14.4M | ||
| Q3 25 | $3.1M | $9.7M | ||
| Q2 25 | $-18.9M | $14.1M | ||
| Q1 25 | $41.2M | $3.6M | ||
| Q4 24 | $5.2M | $15.6M | ||
| Q3 24 | $-16.5M | $11.0M | ||
| Q2 24 | $-16.5M | $1.0M | ||
| Q1 24 | $-17.6M | — |
| Q4 25 | 12.3% | 19.1% | ||
| Q3 25 | 2.4% | 17.7% | ||
| Q2 25 | -15.5% | 26.8% | ||
| Q1 25 | 29.1% | 7.7% | ||
| Q4 24 | 3.6% | 26.4% | ||
| Q3 24 | -13.1% | 13.7% | ||
| Q2 24 | -13.4% | 2.1% | ||
| Q1 24 | -17.2% | — |
| Q4 25 | 0.6% | 0.0% | ||
| Q3 25 | 0.6% | 0.0% | ||
| Q2 25 | 0.7% | 0.0% | ||
| Q1 25 | 0.3% | 0.1% | ||
| Q4 24 | 0.6% | 0.0% | ||
| Q3 24 | 0.4% | 0.0% | ||
| Q2 24 | 1.1% | 0.0% | ||
| Q1 24 | 2.1% | 0.0% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 0.29× | 1.10× | ||
| Q2 25 | -9.47× | 2.41× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
PBYI
Segment breakdown not available.
