BLACKBERRY Ltd BB

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived NYSE

Founded in 1984, the Company equips, leading automakers, governments and regulated industries with secure, reliable software that drives productivity, resilience and mission-critical performance. Based in Waterloo, Ontario, the Company has two core divisions, QNX and Secure Communications, each addressing large and growing market opportunities.

The Company's QNX division develops safe, reliable software for embedded systems across technology-driven industries, including automotive, medical devices, robotics, and industrial automation. The world's leading automotive OEMs and Tier 1 suppliers rely on QNX® technology, which enables more than 275 million vehicles.

The Company's Secure Communications division delivers operational resiliency with a government-grade portfolio of secure, certified solutions for mobile fortification, critical communications and crisis management.

Last close 8.92 2026-10-23
Market cap $5.23B 2026-05-31 share count
52-week range 3.12 - 13.59

Valuation FY2025 figures against the last close

P/S9.5x
P/E99.1x
P/FCF112.4x
EV/EBITDA76.6x
Dividend yield—
Diluted EPS0.09

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $549.1M$534.9M$759.1M$526.3M$718.0M$893.0M$1.04B$904.0M$932.0M$1.31B
Cost of revenue $130.9M$140.0M$268.4M$159.7M$251.0M$250.0M$277.0M$206.0M$262.0M$692.0M
Gross profit $418.2M$394.9M$490.7M$366.6M$467.0M$643.0M$763.0M$698.0M$670.0M$617.0M
R&D $113.6M$108.8M$127.1M$134.2M$219.0M$215.0M$259.0M$219.0M$239.0M$306.0M
SG&A $128.8M$159.7M$187.2M$172.0M$114.0M$344.0M$493.0M$409.0M$476.0M$553.0M
Total operating expenses $369.9M$394.1M$479.7M$573.4M$469.0M$1.75B$912.0M$638.0M$387.0M$1.80B
Operating income $48.3M$800.0K$11.0M-$206.8M-$2.0M-$1.11B-$149.0M$60.0M$283.0M-$1.18B
Pre-tax income $59.0M$8.5M$29.8M-$201.8M$19.0M-$1.11B-$148.0M$77.0M$406.0M-$1.21B
Income tax $5.8M$17.0M$24.2M$13.7M$7.0M$9.0M$4.0M$16.0M$1.0M$2.0M
Net income $53.2M-$79.0M-$130.2M-$734.4M$12.0M-$1.10B-$152.0M$93.0M$405.0M-$1.21B
EPS, basic 0.09-0.13-0.22-1.270.02-1.97-0.270.170.76-2.30
EPS, diluted 0.09-0.13-0.22-1.35-0.31-1.97-0.320.000.74-2.30
Shares, diluted (wtd. avg.) 597.6M591.5M592.5M639.5M631.4M561.3M614.4M616.5M545.9M525.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $274.7M$266.7M$175.1M$322.3M$406.2M$218.0M$426.0M$582.0M$855.0M$785.0M
Short-term investments $85.2M$71.1M$62.0M$131.0M$334.0M$525.0M$532.0M$368.0M$1.44B$644.0M
Receivables $156.0M$173.7M$198.7M$120.0M$138.0M$182.0M$215.0M$233.0M$151.0M$200.0M
Inventory ————————$3.0M$26.0M
Total current assets $568.2M$591.5M$507.5M$743.0M$1.04B$1.01B$1.20B$1.23B$2.54B$1.72B
Property, plant and equipment $12.3M$13.4M$21.2M$25.0M$41.0M$48.0M$70.0M$85.0M$64.0M$91.0M
Goodwill $479.1M$472.4M$474.5M$489.0M$844.0M$849.0M$1.44B$1.46B$569.0M$559.0M
Other intangibles $40.1M$47.3M$57.5M$203.0M$522.0M$771.0M$915.0M$1.07B$477.0M$602.0M
Total assets $1.25B$1.30B$1.40B$1.68B$2.57B$2.82B$3.89B$3.97B$3.78B$3.30B
Accounts payable $5.5M$31.1M$16.8M$24.0M$22.0M$20.0M$31.0M$48.0M$46.0M$128.0M
Total current liabilities $268.1M$344.3M$356.9M$729.0M$397.0M$429.0M$1.12B$510.0M$411.0M$621.0M
Long-term debt $196.5M$195.3M$194.1M$0——————
Total liabilities $499.2M$575.7M$619.9M$822.0M$1.01B$1.31B$1.36B$1.33B$1.27B$1.24B
Retained earnings -$2.17B-$2.24B-$2.16B-$2.03B-$1.29B-$1.31B-$198.0M-$32.0M-$45.0M-$438.0M
Total equity $746.0M$719.9M$775.1M$856.8M$1.56B$1.50B$2.53B$2.64B$2.50B$2.06B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $50.3M$16.5M-$3.5M-$262.2M-$28.0M$82.0M$26.0M$100.0M$704.0M-$224.0M
Depreciation and amortisation $17.8M$44.7M$58.5M$104.7M$176.0M$198.0M$212.0M$149.0M$177.0M$239.0M
Stock-based compensation $23.2M$25.6M$33.1M$33.9M$36.0M$44.0M$63.0M$67.0M$49.0M$60.0M
Capital expenditure $3.8M$3.1M$7.1M$7.3M$8.0M$8.0M$12.0M$17.0M$15.0M$17.0M
Investing cash flow $15.6M$60.7M$46.6M$175.2M$207.0M-$65.0M-$188.0M-$375.0M-$630.0M$724.0M
Financing cash flow -$58.2M$3.1M-$165.1M$6.0M$10.0M-$227.0M$7.0M$5.0M-$10.0M-$721.0M
Buybacks $60.7M$0$0———$0$0$18.0M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001070235-26-000039.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B -1B 0 1B 2B Revenue, FY2016: 1.3B Gross profit, FY2016: 617M Net income, FY2016: -1.2B Revenue, FY2017: 932M Gross profit, FY2017: 670M Net income, FY2017: 405M Revenue, FY2018: 904M Gross profit, FY2018: 698M Net income, FY2018: 93M Revenue, FY2019: 1B Gross profit, FY2019: 763M Net income, FY2019: -152M Revenue, FY2020: 893M Gross profit, FY2020: 643M Net income, FY2020: -1.1B Revenue, FY2021: 718M Gross profit, FY2021: 467M Net income, FY2021: 12M Revenue, FY2022: 526.3M Gross profit, FY2022: 366.6M Net income, FY2022: -734.4M Revenue, FY2023: 759.1M Gross profit, FY2023: 490.7M Net income, FY2023: -130.2M Revenue, FY2024: 534.9M Gross profit, FY2024: 394.9M Net income, FY2024: -79M Revenue, FY2025: 549.1M Gross profit, FY2025: 418.2M Net income, FY2025: 53.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.31B $932.0M $904.0M $1.04B $893.0M $718.0M $526.3M $759.1M $534.9M $549.1M
Gross profit $617.0M $670.0M $698.0M $763.0M $643.0M $467.0M $366.6M $490.7M $394.9M $418.2M
Net income -$1.21B $405.0M $93.0M -$152.0M -$1.10B $12.0M -$734.4M -$130.2M -$79.0M $53.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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