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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and PTC THERAPEUTICS, INC. (PTCT). Click either name above to swap in a different company.
PTC THERAPEUTICS, INC. is the larger business by last-quarter revenue ($164.7M vs $141.8M, roughly 1.2× BLACKBERRY Ltd). BLACKBERRY Ltd runs the higher net margin — 9.7% vs -82.0%, a 91.6% gap on every dollar of revenue. On growth, BLACKBERRY Ltd posted the faster year-over-year revenue change (-0.8% vs -22.7%). BLACKBERRY Ltd produced more free cash flow last quarter ($17.4M vs $-36.6M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs -11.5%).
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.
PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.
BB vs PTCT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $164.7M |
| Net Profit | $13.7M | $-135.0M |
| Gross Margin | 77.5% | — |
| Operating Margin | 8.4% | -43.3% |
| Net Margin | 9.7% | -82.0% |
| Revenue YoY | -0.8% | -22.7% |
| Net Profit YoY | 224.5% | -104.8% |
| EPS (diluted) | $0.02 | $-1.63 |
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 | $164.7M | ||
| Q3 25 | $129.6M | $211.0M | ||
| Q2 25 | $121.7M | $178.9M | ||
| Q1 25 | $141.7M | $1.2B | ||
| Q4 24 | $143.6M | $213.2M | ||
| Q3 24 | $126.2M | $196.8M | ||
| Q2 24 | $123.4M | $186.7M | ||
| Q1 24 | $102.1M | $210.1M |
| Q4 25 | $13.7M | $-135.0M | ||
| Q3 25 | $13.3M | $15.9M | ||
| Q2 25 | $1.9M | $-64.8M | ||
| Q1 25 | $-7.4M | $866.6M | ||
| Q4 24 | $-10.5M | $-65.9M | ||
| Q3 24 | $-19.7M | $-106.7M | ||
| Q2 24 | $-41.4M | $-99.2M | ||
| Q1 24 | $-56.2M | $-91.6M |
| 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% | -43.3% | ||
| Q3 25 | 8.9% | 1.4% | ||
| Q2 25 | 1.6% | -19.5% | ||
| Q1 25 | -5.6% | 82.5% | ||
| Q4 24 | 13.6% | -76.2% | ||
| Q3 24 | 1.7% | -27.7% | ||
| Q2 24 | -10.5% | -21.5% | ||
| Q1 24 | 50.0% | -21.6% |
| Q4 25 | 9.7% | -82.0% | ||
| Q3 25 | 10.3% | 7.5% | ||
| Q2 25 | 1.6% | -36.3% | ||
| Q1 25 | -5.2% | 73.7% | ||
| Q4 24 | -7.3% | -30.9% | ||
| Q3 24 | -15.6% | -54.2% | ||
| Q2 24 | -33.5% | -53.1% | ||
| Q1 24 | -55.0% | -43.6% |
| Q4 25 | $0.02 | $-1.63 | ||
| Q3 25 | $0.02 | $0.20 | ||
| Q2 25 | $0.00 | $-0.83 | ||
| Q1 25 | $-0.01 | $10.04 | ||
| Q4 24 | $-0.02 | $-0.85 | ||
| Q3 24 | $-0.03 | $-1.39 | ||
| Q2 24 | $-0.07 | $-1.29 | ||
| Q1 24 | $-0.08 | $-1.20 |
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 | $1.9B |
| Total DebtLower is stronger | $196.2M | — |
| Stockholders' EquityBook value | $741.1M | $-205.3M |
| Total Assets | $1.2B | $2.9B |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $1.9B | ||
| Q3 25 | $290.5M | $1.7B | ||
| Q2 25 | $306.6M | $2.0B | ||
| Q1 25 | $337.8M | $2.0B | ||
| Q4 24 | $220.0M | $1.1B | ||
| Q3 24 | $211.0M | $1.0B | ||
| Q2 24 | $229.0M | $1.1B | ||
| Q1 24 | $237.1M | $884.8M |
| 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 | $-205.3M | ||
| Q3 25 | $725.1M | $-155.8M | ||
| Q2 25 | $725.1M | $-206.5M | ||
| Q1 25 | $719.9M | $-185.8M | ||
| Q4 24 | $725.2M | $-1.1B | ||
| Q3 24 | $732.1M | $-1.1B | ||
| Q2 24 | $742.6M | $-980.2M | ||
| Q1 24 | $775.1M | $-893.9M |
| Q4 25 | $1.2B | $2.9B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.3B | $2.7B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.3B | $1.9B | ||
| Q1 24 | $1.4B | $1.8B |
| 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 | $-34.3M |
| Free Cash FlowOCF − Capex | $17.4M | $-36.6M |
| FCF MarginFCF / Revenue | 12.3% | -22.3% |
| Capex IntensityCapex / Revenue | 0.6% | 1.4% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $702.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $-34.3M | ||
| Q3 25 | $3.9M | $-66.3M | ||
| Q2 25 | $-18.0M | $-58.3M | ||
| Q1 25 | $41.6M | $870.1M | ||
| Q4 24 | $6.0M | $-30.0M | ||
| Q3 24 | $-16.0M | $-77.0M | ||
| Q2 24 | $-15.1M | $-71.5M | ||
| Q1 24 | $-15.5M | $70.8M |
| Q4 25 | $17.4M | $-36.6M | ||
| Q3 25 | $3.1M | $-69.7M | ||
| Q2 25 | $-18.9M | $-59.6M | ||
| Q1 25 | $41.2M | $868.4M | ||
| Q4 24 | $5.2M | $-33.8M | ||
| Q3 24 | $-16.5M | $-77.5M | ||
| Q2 24 | $-16.5M | $-78.8M | ||
| Q1 24 | $-17.6M | $61.2M |
| Q4 25 | 12.3% | -22.3% | ||
| Q3 25 | 2.4% | -33.1% | ||
| Q2 25 | -15.5% | -33.3% | ||
| Q1 25 | 29.1% | 73.8% | ||
| Q4 24 | 3.6% | -15.8% | ||
| Q3 24 | -13.1% | -39.4% | ||
| Q2 24 | -13.4% | -42.2% | ||
| Q1 24 | -17.2% | 29.1% |
| Q4 25 | 0.6% | 1.4% | ||
| Q3 25 | 0.6% | 1.6% | ||
| Q2 25 | 0.7% | 0.7% | ||
| Q1 25 | 0.3% | 0.1% | ||
| Q4 24 | 0.6% | 1.8% | ||
| Q3 24 | 0.4% | 0.3% | ||
| Q2 24 | 1.1% | 4.0% | ||
| Q1 24 | 2.1% | 4.6% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 0.29× | -4.17× | ||
| Q2 25 | -9.47× | — | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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% |
PTCT
Segment breakdown not available.
