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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Piedmont Realty Trust, Inc. is the larger business by last-quarter revenue ($143.3M vs $141.8M, roughly 1.0× BLACKBERRY Ltd). BLACKBERRY Ltd runs the higher net margin — 9.7% vs -31.4%, a 41.1% gap on every dollar of revenue. On growth, Piedmont Realty Trust, Inc. posted the faster year-over-year revenue change (0.4% vs -0.8%). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs 0.0%).
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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
BB vs PDM — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $143.3M |
| Net Profit | $13.7M | $-45.0M |
| Gross Margin | 77.5% | — |
| Operating Margin | 8.4% | — |
| Net Margin | 9.7% | -31.4% |
| Revenue YoY | -0.8% | 0.4% |
| Net Profit YoY | 224.5% | -27.9% |
| EPS (diluted) | $0.02 | $-0.10 |
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.
| Q1 26 | — | $143.3M | ||
| Q4 25 | $141.8M | $142.9M | ||
| Q3 25 | $129.6M | $139.2M | ||
| Q2 25 | $121.7M | $140.3M | ||
| Q1 25 | $141.7M | $142.7M | ||
| Q4 24 | $143.6M | $143.2M | ||
| Q3 24 | $126.2M | $139.3M | ||
| Q2 24 | $123.4M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | $13.7M | $-43.2M | ||
| Q3 25 | $13.3M | $-13.5M | ||
| Q2 25 | $1.9M | $-16.8M | ||
| Q1 25 | $-7.4M | $-10.1M | ||
| Q4 24 | $-10.5M | $-30.0M | ||
| Q3 24 | $-19.7M | $-11.5M | ||
| Q2 24 | $-41.4M | $-9.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 8.4% | — | ||
| Q3 25 | 8.9% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | -5.6% | — | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | -10.5% | — |
| Q1 26 | — | -31.4% | ||
| Q4 25 | 9.7% | -30.3% | ||
| Q3 25 | 10.3% | -9.7% | ||
| Q2 25 | 1.6% | -12.0% | ||
| Q1 25 | -5.2% | -7.1% | ||
| Q4 24 | -7.3% | -20.9% | ||
| Q3 24 | -15.6% | -8.3% | ||
| Q2 24 | -33.5% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | $0.02 | $-0.34 | ||
| Q3 25 | $0.02 | $-0.11 | ||
| Q2 25 | $0.00 | $-0.14 | ||
| Q1 25 | $-0.01 | $-0.08 | ||
| Q4 24 | $-0.02 | $-0.25 | ||
| Q3 24 | $-0.03 | $-0.09 | ||
| Q2 24 | $-0.07 | $-0.08 |
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 | $2.3M |
| Total DebtLower is stronger | $196.2M | — |
| Stockholders' EquityBook value | $741.1M | $1.5B |
| Total Assets | $1.2B | $4.0B |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3M | ||
| Q4 25 | $304.2M | $731.0K | ||
| Q3 25 | $290.5M | $3.0M | ||
| Q2 25 | $306.6M | $3.3M | ||
| Q1 25 | $337.8M | $2.9M | ||
| Q4 24 | $220.0M | $109.6M | ||
| Q3 24 | $211.0M | $133.6M | ||
| Q2 24 | $229.0M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | $196.2M | $2.2B | ||
| Q3 25 | $195.9M | $2.2B | ||
| Q2 25 | $195.6M | $2.2B | ||
| Q1 25 | $195.3M | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $741.1M | $1.5B | ||
| Q3 25 | $725.1M | $1.5B | ||
| Q2 25 | $725.1M | $1.5B | ||
| 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 26 | — | $4.0B | ||
| Q4 25 | $1.2B | $4.0B | ||
| Q3 25 | $1.2B | $4.0B | ||
| Q2 25 | $1.2B | $4.0B | ||
| Q1 25 | $1.3B | $4.0B | ||
| Q4 24 | $1.3B | $4.1B | ||
| Q3 24 | $1.3B | $4.1B | ||
| Q2 24 | $1.3B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 1.49× | ||
| Q3 25 | 0.27× | 1.43× | ||
| Q2 25 | 0.27× | 1.41× | ||
| Q1 25 | 0.27× | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× |
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 | — |
| Free Cash FlowOCF − Capex | $17.4M | — |
| FCF MarginFCF / Revenue | 12.3% | — |
| Capex IntensityCapex / Revenue | 0.6% | 110.3% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $18.3M | $140.6M | ||
| Q3 25 | $3.9M | $35.8M | ||
| Q2 25 | $-18.0M | $50.1M | ||
| Q1 25 | $41.6M | $3.7M | ||
| Q4 24 | $6.0M | $198.1M | ||
| Q3 24 | $-16.0M | $42.9M | ||
| Q2 24 | $-15.1M | $66.8M |
| Q1 26 | — | — | ||
| Q4 25 | $17.4M | — | ||
| Q3 25 | $3.1M | — | ||
| Q2 25 | $-18.9M | — | ||
| Q1 25 | $41.2M | — | ||
| Q4 24 | $5.2M | — | ||
| Q3 24 | $-16.5M | — | ||
| Q2 24 | $-16.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | -15.5% | — | ||
| Q1 25 | 29.1% | — | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | -13.1% | — | ||
| Q2 24 | -13.4% | — |
| Q1 26 | — | 110.3% | ||
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 1.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | -9.47× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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% |
PDM
Segment breakdown not available.
