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Side-by-side financial comparison of BLACKBERRY Ltd (BB) and STRATASYS LTD. (SSYS). Click either name above to swap in a different company.
BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $137.0M, roughly 1.0× STRATASYS LTD.). BLACKBERRY Ltd runs the higher net margin — 9.7% vs -40.6%, a 50.3% gap on every dollar of revenue. On growth, BLACKBERRY Ltd posted the faster year-over-year revenue change (-0.8% vs -2.2%). BLACKBERRY Ltd produced more free cash flow last quarter ($17.4M vs $2.5M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs -7.4%).
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.
Stratasys, Ltd. is an American-Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing as well as 3D-printed parts on-demand. The company is incorporated in Israel. Engineers use Stratasys systems to model complex geometries in a wide range of polymer materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC), polyetherimide and Nylon 12.
BB vs SSYS — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $137.0M |
| Net Profit | $13.7M | $-55.6M |
| Gross Margin | 77.5% | 41.0% |
| Operating Margin | 8.4% | -16.6% |
| Net Margin | 9.7% | -40.6% |
| Revenue YoY | -0.8% | -2.2% |
| Net Profit YoY | 224.5% | -109.0% |
| EPS (diluted) | $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 | — | ||
| Q3 25 | $129.6M | $137.0M | ||
| Q2 25 | $121.7M | $138.1M | ||
| Q1 25 | $141.7M | $136.0M | ||
| Q4 24 | $143.6M | — | ||
| Q3 24 | $126.2M | $140.0M | ||
| Q2 24 | $123.4M | $138.0M | ||
| Q1 24 | $102.1M | $144.1M |
| Q4 25 | $13.7M | — | ||
| Q3 25 | $13.3M | $-55.6M | ||
| Q2 25 | $1.9M | $-16.7M | ||
| Q1 25 | $-7.4M | $-13.1M | ||
| Q4 24 | $-10.5M | — | ||
| Q3 24 | $-19.7M | $-26.6M | ||
| Q2 24 | $-41.4M | $-25.7M | ||
| Q1 24 | $-56.2M | $-26.0M |
| Q4 25 | 77.5% | — | ||
| Q3 25 | 74.5% | 41.0% | ||
| Q2 25 | 74.2% | 43.1% | ||
| Q1 25 | 73.5% | 44.3% | ||
| Q4 24 | 78.1% | — | ||
| Q3 24 | 70.2% | 44.8% | ||
| Q2 24 | 72.9% | 43.8% | ||
| Q1 24 | — | 44.4% |
| Q4 25 | 8.4% | — | ||
| Q3 25 | 8.9% | -16.6% | ||
| Q2 25 | 1.6% | -12.0% | ||
| Q1 25 | -5.6% | -9.1% | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 1.7% | -18.2% | ||
| Q2 24 | -10.5% | -18.9% | ||
| Q1 24 | 50.0% | -17.0% |
| Q4 25 | 9.7% | — | ||
| Q3 25 | 10.3% | -40.6% | ||
| Q2 25 | 1.6% | -12.1% | ||
| Q1 25 | -5.2% | -9.6% | ||
| Q4 24 | -7.3% | — | ||
| Q3 24 | -15.6% | -19.0% | ||
| Q2 24 | -33.5% | -18.6% | ||
| Q1 24 | -55.0% | -18.0% |
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | $0.00 | — | ||
| Q1 25 | $-0.01 | — | ||
| Q4 24 | $-0.02 | — | ||
| Q3 24 | $-0.03 | — | ||
| Q2 24 | $-0.07 | — | ||
| Q1 24 | $-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 | $71.5M |
| Total DebtLower is stronger | $196.2M | — |
| Stockholders' EquityBook value | $741.1M | $852.5M |
| Total Assets | $1.2B | $1.1B |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | — | ||
| Q3 25 | $290.5M | $71.5M | ||
| Q2 25 | $306.6M | $71.1M | ||
| Q1 25 | $337.8M | $70.1M | ||
| Q4 24 | $220.0M | — | ||
| Q3 24 | $211.0M | $64.0M | ||
| Q2 24 | $229.0M | $70.9M | ||
| Q1 24 | $237.1M | $91.1M |
| 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 | — | ||
| Q3 25 | $725.1M | $852.5M | ||
| Q2 25 | $725.1M | $902.4M | ||
| Q1 25 | $719.9M | $784.8M | ||
| Q4 24 | $725.2M | — | ||
| Q3 24 | $732.1M | $831.8M | ||
| Q2 24 | $742.6M | $850.5M | ||
| Q1 24 | $775.1M | $866.1M |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
| 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 | $6.9M |
| Free Cash FlowOCF − Capex | $17.4M | $2.5M |
| FCF MarginFCF / Revenue | 12.3% | 1.8% |
| Capex IntensityCapex / Revenue | 0.6% | 3.2% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $-11.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | — | ||
| Q3 25 | $3.9M | $6.9M | ||
| Q2 25 | $-18.0M | $-1.1M | ||
| Q1 25 | $41.6M | $4.5M | ||
| Q4 24 | $6.0M | — | ||
| Q3 24 | $-16.0M | $-4.5M | ||
| Q2 24 | $-15.1M | $-2.4M | ||
| Q1 24 | $-15.5M | $7.3M |
| Q4 25 | $17.4M | — | ||
| Q3 25 | $3.1M | $2.5M | ||
| Q2 25 | $-18.9M | $-8.4M | ||
| Q1 25 | $41.2M | $789.0K | ||
| Q4 24 | $5.2M | — | ||
| Q3 24 | $-16.5M | $-6.3M | ||
| Q2 24 | $-16.5M | $-4.9M | ||
| Q1 24 | $-17.6M | $5.0M |
| Q4 25 | 12.3% | — | ||
| Q3 25 | 2.4% | 1.8% | ||
| Q2 25 | -15.5% | -6.1% | ||
| Q1 25 | 29.1% | 0.6% | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | -13.1% | -4.5% | ||
| Q2 24 | -13.4% | -3.6% | ||
| Q1 24 | -17.2% | 3.5% |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.6% | 3.2% | ||
| Q2 25 | 0.7% | 5.3% | ||
| Q1 25 | 0.3% | 2.8% | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.4% | 1.3% | ||
| Q2 24 | 1.1% | 1.8% | ||
| Q1 24 | 2.1% | 1.6% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | -9.47× | — | ||
| Q1 25 | — | — | ||
| 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% |
SSYS
Segment breakdown not available.
