NYSE : BB
BlackBerry Limited — Financial statements
Technology · Software - Infrastructure · Canada
Last price 8.42 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.94B
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Financial statements
BlackBerry Limited (BB) reported revenue of 614.00M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 614.00M | 549.10M | 534.90M | 759.10M | 526.30M | 718.00M |
| Cost of Revenue | 135.90M | 130.90M | 140.00M | 268.40M | 159.70M | 251.00M |
| Gross Profit | 478.10M | 418.20M | 394.90M | 490.70M | 366.60M | 467.00M |
| Selling, General & Admin | 241.20M | 227.10M | 229.10M | 255.30M | 264.40M | 297.00M |
| Research & Development | 129.20M | 113.60M | 108.80M | 127.10M | 134.20M | 219.00M |
| Amortization of Goodwill & Intangibles | 9.30M | 11.40M | 17.70M | 26.70M | 27.40M | 165.00M |
| Operating Expenses | 379.70M | 352.10M | 355.60M | 409.10M | 426.00M | 681.00M |
| Operating Income | 98.40M | 66.10M | 39.30M | 81.60M | -59.40M | -214.00M |
| Interest Expense | -6.00M | -6.00M | -6.00M | -5.60M | -6.40M | -6.00M |
| Interest & Investment Income | 14.60M | 16.70M | 13.70M | 24.40M | 11.40M | 27.00M |
| EBT Excluding Unusual Items | 107.00M | 76.80M | 47.00M | 100.40M | -54.40M | -193.00M |
| Merger & Restructuring Charges | -12.40M | -15.70M | -26.10M | -35.90M | -10.20M | |
| Impairment of Goodwill | -15.90M | -112.10M | ||||
| Gain (Loss) on Sale of Assets | 6.00M | |||||
| Asset Writedown | -2.30M | -2.10M | -9.60M | -15.30M | -3.50M | |
| Legal Settlements | -2.80M | -165.00M | ||||
| Other Unusual Items | -3.50M | 137.40M | 212.00M | |||
| Pretax Income | 92.30M | 59.00M | 8.50M | 29.80M | -201.80M | 19.00M |
| Income Tax Expense | 11.90M | 5.80M | 17.00M | 24.20M | 13.70M | 7.00M |
| Earnings From Continuing Operations | 80.40M | 53.20M | -8.50M | 5.60M | -215.50M | 12.00M |
| Earnings From Discontinued Operations | -70.50M | -135.80M | -518.90M | |||
| Net Income | 80.40M | 53.20M | -79.00M | -130.20M | -734.40M | 12.00M |
| Net Income to Common | 80.40M | 53.20M | -79.00M | -130.20M | -734.40M | 12.00M |
| Shares Outstanding (Basic) | 588.28M | 592.25M | 591.47M | 584.54M | 578.65M | 570.61M |
| Shares Outstanding (Diluted) | 622.01M | 597.59M | 591.47M | 592.50M | 639.49M | 631.44M |
| EPS (Basic) | 0.14 | 0.09 | -0.13 | -0.22 | -1.27 | 0.02 |
| EPS (Diluted) | 0.13 | 0.09 | -0.13 | -0.22 | -1.35 | -0.31 |
| Free Cash Flow | 92.10M | 46.50M | 13.40M | -10.60M | -269.50M | -36.00M |
| Free Cash Flow Per Share | 0.15 | 0.08 | 0.02 | -0.02 | -0.42 | -0.06 |
| Gross Margin | 77.87% | 76.16% | 73.83% | 64.64% | 69.66% | 65.04% |
| Operating Margin | 16.03% | 12.04% | 7.35% | 10.75% | -11.29% | -29.80% |
| Profit Margin | 13.09% | 9.69% | -14.77% | -17.15% | -139.54% | 1.67% |
| Free Cash Flow Margin | 15.00% | 8.47% | 2.50% | -1.40% | -51.21% | -5.01% |
| EBITDA | 114.10M | 83.90M | 63.50M | 112.90M | -22.90M | -38.00M |
| EBITDA Margin | 18.58% | 15.28% | 11.87% | 14.87% | -4.35% | -5.29% |
| D&A For EBITDA | 15.70M | 17.80M | 24.20M | 31.30M | 36.50M | 176.00M |
| EBIT | 98.40M | 66.10M | 39.30M | 81.60M | -59.40M | -214.00M |
| EBIT Margin | 16.03% | 12.04% | 7.35% | 10.75% | -11.29% | -29.80% |
| Effective Tax Rate | 12.89% | 9.83% | 200.00% | 81.21% | 36.84% | |
| Advertising Expenses | 12.00M | 16.80M | 22.40M | 28.70M | 25.00M |
Balance sheet
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 266.20M | 274.70M | 266.70M | 175.10M | 295.00M | 378.00M |
| Short-Term Investments | 111.30M | 85.20M | 71.10M | 62.00M | 131.00M | 334.00M |
| Cash & Short-Term Investments | 377.50M | 359.90M | 337.80M | 237.10M | 426.00M | 712.00M |
| Accounts Receivable | 141.00M | 156.00M | 173.70M | 198.70M | 120.00M | 138.00M |
| Other Receivables | 6.90M | 10.10M | 50.00M | 25.00M | 15.00M | 34.00M |
| Receivables | 147.90M | 166.10M | 223.70M | 223.70M | 135.00M | 172.00M |
| Other Current Assets | 36.50M | 42.20M | 30.00M | 46.70M | 182.00M | 159.00M |
| Total Current Assets | 561.90M | 568.20M | 591.50M | 507.50M | 743.00M | 1.04B |
| Property, Plant & Equipment | 34.80M | 29.00M | 35.40M | 53.00M | 69.00M | 91.00M |
| Long-Term Investments | 55.50M | 58.30M | 58.90M | 35.70M | 34.00M | 30.00M |
| Goodwill | 478.00M | 479.10M | 472.40M | 474.50M | 595.00M | 844.00M |
| Other Intangible Assets | 44.90M | 40.10M | 47.30M | 57.50M | 203.00M | 522.00M |
| Long-Term Deferred Charges | 6.20M | 6.20M | ||||
| Other Long-Term Assets | 81.70M | 64.30M | 90.10M | 266.80M | 35.00M | 37.00M |
| Total Assets | 1.26B | 1.25B | 1.30B | 1.40B | 1.68B | 2.57B |
| Accounts Payable | 8.60M | 5.50M | 31.10M | 16.80M | 24.00M | 22.00M |
| Accrued Expenses | 101.50M | 102.20M | 111.20M | 74.10M | 116.00M | 129.00M |
| Current Portion of Long-Term Debt | 367.00M | |||||
| Current Portion of Leases | 9.50M | 15.00M | 19.60M | 24.00M | 28.00M | |
| Current Income Taxes Payable | 9.80M | 12.40M | 25.50M | 28.40M | 20.00M | 11.00M |
| Current Unearned Revenue | 116.60M | 138.50M | 161.50M | 148.70M | 175.00M | 207.00M |
| Other Current Liabilities | 69.30M | 3.00M | ||||
| Total Current Liabilities | 236.50M | 268.10M | 344.30M | 356.90M | 729.00M | 397.00M |
| Long-Term Debt | 197.10M | 196.50M | 195.30M | 194.10M | 507.00M | |
| Long-Term Leases | 23.90M | 18.80M | 28.70M | 37.80M | 52.00M | 66.00M |
| Long-Term Unearned Revenue | 11.80M | 14.10M | 5.60M | 14.60M | 40.00M | 37.00M |
| Other Long-Term Liabilities | 2.10M | 1.70M | 1.80M | 16.50M | 1.00M | 4.00M |
| Total Liabilities | 471.40M | 499.20M | 575.70M | 619.90M | 822.00M | 1.01B |
| Common Stock | 2.93B | 2.92B | 2.98B | 2.95B | 2.91B | 2.87B |
| Retained Earnings | -2.12B | -2.17B | -2.24B | -2.16B | -2.03B | -1.29B |
| Comprehensive Income & Other | -13.30M | -11.20M | -19.20M | -14.30M | -24.00M | -19.00M |
| Shareholders' Equity | 791.60M | 746.00M | 719.90M | 775.10M | 857.00M | 1.56B |
| Total Liabilities & Equity | 1.26B | 1.25B | 1.30B | 1.40B | 1.68B | 2.57B |
| Total Debt | 221.00M | 224.80M | 239.00M | 251.50M | 443.00M | 601.00M |
| Net Cash (Debt) | 156.50M | 135.10M | 98.80M | -14.40M | -17.00M | 111.00M |
| Net Cash Per Share | 0.25 | 0.23 | 0.17 | -0.02 | -0.03 | 0.18 |
| Filing Date Shares Outstanding | 587.03M | 587.88M | 596.00M | 589.23M | 582.18M | 576.47M |
| Total Common Shares Outstanding | 587.03M | 587.43M | 596.23M | 589.23M | 582.16M | 576.23M |
| Working Capital | 325.40M | 300.10M | 247.20M | 150.60M | 14.00M | 646.00M |
| Book Value Per Share | 1.35 | 1.27 | 1.21 | 1.32 | 1.47 | 2.70 |
| Tangible Book Value | 268.70M | 226.80M | 200.20M | 243.10M | 59.00M | 190.00M |
| Tangible Book Value Per Share | 0.46 | 0.39 | 0.34 | 0.41 | 0.10 | 0.33 |
| Machinery | 7.10M | 7.30M | 6.80M | 8.70M | 11.00M | 11.00M |
| Leasehold Improvements | 13.20M | 12.90M | 10.50M | 15.20M | 19.00M | 53.00M |
| Order Backlog | 950.00M | 865.00M |
Cash flow statement
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 80.40M | 53.20M | -79.00M | -130.20M | -734.40M | 12.00M |
| Depreciation & Amortization | 15.70M | 17.80M | 24.20M | 31.30M | 36.50M | 176.00M |
| Loss (Gain) From Sale of Assets | -6.00M | |||||
| Asset Writedown & Restructuring Costs | 2.30M | 2.10M | 9.60M | 31.20M | 346.60M | |
| Loss (Gain) From Sale of Investments | -22.00M | |||||
| Stock-Based Compensation | 25.60M | 23.20M | 25.60M | 33.10M | 33.90M | 36.00M |
| Other Operating Activities | -9.20M | -10.10M | -8.50M | 139.30M | -146.50M | -231.00M |
| Change in Accounts Receivable | -16.00M | 17.70M | 25.00M | -78.80M | 17.80M | 44.00M |
| Change in Accounts Payable | 4.40M | -26.50M | 14.20M | -7.40M | 2.90M | 2.00M |
| Change in Unearned Revenue | -6.80M | -14.50M | -5.90M | 7.50M | -29.40M | -50.00M |
| Change in Income Taxes | -3.80M | -14.10M | -900.00K | 8.20M | 14.40M | 6.00M |
| Change in Other Net Operating Assets | 5.70M | 1.50M | 2.10M | -83.80M | 500.00K | -1.00M |
| Operating Cash Flow | 98.30M | 50.30M | 16.50M | -3.50M | -262.20M | -28.00M |
| Capital Expenditures | -6.20M | -3.80M | -3.10M | -7.10M | -7.30M | -8.00M |
| Sale of Property, Plant & Equipment | 17.10M | |||||
| Sale (Purchase) of Intangibles | -6.10M | -5.70M | -7.00M | -13.80M | -33.60M | -31.00M |
| Investment in Securities | -96.20M | -13.00M | -9.00M | 67.50M | 199.00M | 222.00M |
| Other Investing Activities | 38.10M | 38.10M | 79.80M | 24.00M | ||
| Investing Cash Flow | -70.40M | 15.60M | 60.70M | 46.60M | 175.20M | 207.00M |
| Long-Term Debt Issued | 344.00M | |||||
| Long-Term Debt Repaid | -515.00M | -100.00K | ||||
| Net Debt Issued (Repaid) | -171.00M | -100.00K | ||||
| Issuance of Common Stock | 2.60M | 2.50M | 3.10M | 5.90M | 6.10M | 10.00M |
| Repurchase of Common Stock | -40.70M | -60.70M | ||||
| Financing Cash Flow | -38.10M | -58.20M | 3.10M | -165.10M | 6.00M | 10.00M |
| Foreign Exchange Rate Adjustments | -100.00K | 900.00K | -500.00K | 200.00K | -2.90M | -1.00M |
| Net Cash Flow | -10.30M | 8.60M | 79.80M | -121.80M | -83.90M | 188.00M |
| Free Cash Flow | 92.10M | 46.50M | 13.40M | -10.60M | -269.50M | -36.00M |
| Free Cash Flow Margin | 15.00% | 8.47% | 2.50% | -1.40% | -51.21% | -5.01% |
| Free Cash Flow Per Share | 0.15 | 0.08 | 0.02 | -0.02 | -0.42 | -0.06 |
| Levered Free Cash Flow | 138.45M | 43.76M | 69.21M | 136.90M | -28.62M | -55.50M |
| Unlevered Free Cash Flow | 142.20M | 47.51M | 72.96M | 140.40M | -24.62M | -51.75M |
| Cash Interest Paid | 6.00M | 6.00M | 6.00M | 5.60M | 6.40M | 6.00M |
| Cash Income Tax Paid | 19.10M | 21.50M | 12.20M | 8.40M | -2.90M | -1.00M |
| Change in Working Capital | -16.50M | -35.90M | 34.50M | -154.30M | 6.20M | 1.00M |
Ratios
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.94B | 2.00B | 2.80B | 1.65B | 2.27B | 3.95B |
| Enterprise Value | 4.79B | 1.93B | 2.80B | 1.66B | 2.29B | 4.01B |
| Last Close Price | 8.42 | 3.39 | 4.71 | 2.78 | 3.88 | 6.87 |
| PE Ratio | 65.04 | 37.66 | 328.87 | |||
| PS Ratio | 8.05 | 3.65 | 5.23 | 2.17 | 4.31 | 5.50 |
| PB Ratio | 6.25 | 2.69 | 3.88 | 2.13 | 2.65 | 2.54 |
| P/TBV Ratio | 18.40 | 8.84 | 13.96 | 6.78 | 38.44 | 20.77 |
| P/FCF Ratio | 53.68 | 43.09 | 208.64 | |||
| P/OCF Ratio | 50.29 | 39.84 | 169.44 | |||
| EV/Sales Ratio | 7.80 | 3.51 | 5.23 | 2.19 | 4.36 | 5.58 |
| EV/EBITDA Ratio | 41.96 | 22.96 | 44.09 | 14.73 | ||
| EV/EBIT Ratio | 48.66 | 29.14 | 71.24 | 20.38 | ||
| EV/FCF Ratio | 51.99 | 41.42 | 208.93 | |||
| Debt / Equity Ratio | 0.28 | 0.30 | 0.33 | 0.32 | 0.52 | 0.39 |
| Debt / EBITDA Ratio | 1.85 | 2.47 | 3.19 | 1.94 | ||
| Debt / FCF Ratio | 2.40 | 4.83 | 17.84 | |||
| Net Debt / Equity Ratio | -0.20 | -0.18 | -0.14 | 0.02 | 0.02 | -0.07 |
| Net Debt / EBITDA Ratio | -1.37 | -1.61 | -1.56 | 0.13 | -0.74 | 2.92 |
| Net Debt / FCF Ratio | -1.70 | -2.90 | -7.37 | -1.36 | -0.06 | 3.08 |
| Asset Turnover | 0.50 | 0.43 | 0.40 | 0.49 | 0.25 | 0.27 |
| Quick Ratio | 2.22 | 1.96 | 1.63 | 1.29 | 0.77 | 2.23 |
| Current Ratio | 2.38 | 2.12 | 1.72 | 1.42 | 1.02 | 2.63 |
| Return on Equity (ROE) | 10.60% | 7.26% | -1.14% | 0.69% | -17.86% | 0.78% |
| Return on Assets (ROA) | 5.03% | 3.25% | 1.83% | 3.32% | -1.75% | -4.97% |
| Return on Invested Capital (ROIC) | 13.65% | 9.68% | -5.57% | 1.84% | -5.12% | -8.85% |
| Return on Capital Employed (ROCE) | 9.60% | 6.80% | 4.10% | 7.90% | -6.30% | -9.90% |
| Earnings Yield | 1.54% | 2.66% | -2.83% | -7.90% | -32.39% | 0.30% |
| FCF Yield | 1.86% | 2.32% | 0.48% | -0.64% | -11.88% | -0.91% |
| Buyback Yield / Dilution | -4.77% | -1.03% | 0.17% | 7.35% | -1.27% | -12.50% |