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BlackBerry Limited

BlackBerry Limited

NYSE•BB
CEO: Mr. John Joseph Giamatteo
Sector: Technology
Industry: Software - Infrastructure
Listing Date: 1999-02-04
BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE™, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions. It also provides BlackBerry Technology Solutions (BTS); BlackBerry Certicom, a patented elliptic curve cryptography, which provides device security, anti-counterfeiting and product authentication solutions; BlackBerry Radar offers monitoring and telematics solutions; BlackBerry Professional; and cyber security consulting services. In addition, the company is involved in the patent licensing and legacy service access fees business. The company was formerly known as Research In Motion Limited and changed its name to BlackBerry Limited in July 2013. BlackBerry Limited was incorporated in 1984 and is headquartered in Waterloo, Canada.
Contact Information
2200 University Avenue East, Waterloo, ON, N2K 0A7, Canada
519-888-7465
www.blackberry.com
Market Cap
$2.54B
P/E (TTM)
-910.0
39.5
Dividend Yield
--
52W High
$6.24
52W Low
$2.66
52W Range
46%
Rank58Top 74.6%
2.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2026 Data

Revenue

$129.60M-10.62%
4-Quarter Trend

EPS

$0.02-162.11%
4-Quarter Trend

FCF

$4.80M-126.67%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Net Income Reverses Net income $13.3M for the quarter, reversing prior $19.7M loss; driven by no recurring discontinued operations loss.
QNX Revenue Strong QNX segment revenue grew $8.4M to $63.1M for the quarter, fueled by better royalty performance.
Adjusted EBITDA Rises Adjusted EBITDA reached $25.9M for the three months, significantly up $10.8M compared to prior year period.
Cash Position Stable Total cash, cash equivalents, and investments stood at $363.5M as of August 31, 2025, down $46.8M sequentially.

Risk Factors

Secure Comms Revenue Decline Secure Communications revenue fell $6.6M for the quarter, impacted by $5.6M drop in Secusmart product sales.
Customer Concentration Noted Two customers comprised over 10% of accounts receivable balance as of August 31, 2025, posing concentration risk.
Liquidity Tied to Illiquid Assets Equity investments in private companies, including Arctic Wolf shares, are illiquid, potentially impacting financial condition.
Ongoing Litigation Exposure Company remains involved in patent infringement and class action litigation, requiring management evaluation of potential losses.

Outlook

FY2026 Revenue Guidance Raised Total BlackBerry revenue guidance for fiscal 2026 raised to $519M - $541M due to strong first half performance.
QNX Growth Expectations QNX revenue expectation for fiscal 2026 increased to $256M - $270M range based on better royalty performance.
Share Repurchase Continues Company repurchased $30.0M common shares in six months under NCIB program; management focused on capital efficiency.
Secure Comms Government Focus Secure Communications expects benefit in fiscal 2026 from increased government demand for on-premise data sovereignty solutions.

Peer Comparison

Revenue (TTM)

PagSeguro Digital Ltd.PAGS
$3.42B
+10.9%
Pagaya Technologies Ltd.PGY
$1.22B
+29.5%
Payoneer Global Inc.PAYO
$1.04B
+10.6%

Gross Margin (Latest Quarter)

Alarm.com Holdings, Inc.ALRM
90.5%
+25.8pp
Payoneer Global Inc.PAYO
84.3%
-0.4pp
BlackBerry LimitedBB
74.5%
+9.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BRZE$3.52B-30.3-21.7%8.1%
PAGS$3.08B7.315.0%57.9%
ALRM$2.60B20.316.5%50.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-3.2%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Dec 18, 2025
|
EPS:$0.04
|
Revenue:$137.54M
Reports
All Years
  • Form 10-Q - Q2 2026

    Period End: Aug 31, 2025|Filed: Sep 25, 2025|
    Revenue: $129.60M-10.6%
    |
    EPS: $0.02-162.1%
    Beat
  • Form 10-Q - Q1 2026

    Period End: May 31, 2025|Filed: Jun 25, 2025|
    Revenue: $121.70M-1.4%
    |
    EPS: $0.00-104.6%
    Beat
  • Form 10-K - FY 2025

    Period End: Feb 28, 2025|Filed: Apr 2, 2025|
    Revenue: $534.90M-29.5%
    |
    EPS: $-0.13+40.9%
    Miss
  • Form 10-Q - Q3 2025

    Period End: Nov 30, 2024|Filed: Dec 20, 2024|
    Revenue: $143.00M-5.9%
    |
    EPS: $-0.02-48.2%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Aug 31, 2024|Filed: Sep 27, 2024|
    Revenue: $145.00M+9.8%
    |
    EPS: $-0.03-55.3%
    Miss
  • Form 10-Q - Q1 2025

    Period End: May 31, 2024|Filed: Jun 27, 2024|
    Revenue: $123.40M-66.9%
    |
    EPS: $-0.07+271.4%
    Miss
  • Form 10-K - FY 2024

    Period End: Feb 29, 2024|Filed: Apr 4, 2024|
    Revenue: $759.10M+44.2%
    |
    EPS: $-0.22+82.7%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Nov 30, 2023|Filed: Dec 21, 2023|
    Revenue: $152.00M-10.1%
    |
    EPS: $-0.04+420.3%
    Meet