BlackBerry
BB NYSE· Systems Software
Last close · Oct 27, 2026
$9.55
KIRA · Stoqly’s AI analyst, in plain words
- BlackBerry had $549M of revenue in fiscal 2026, up 2.7% on the year before. Over five years, revenue changed −9.3% a year on average.
- Its operating margin was 8.8%, up 8.7 pts: of every 100 in sales, about 9 is left after running the business.
- BlackBerry made $53.2M of net profit in fiscal 2026.
- Free cash flow was $46.5M in fiscal 2026, 8.5% of revenue.
- BlackBerry returned $60.7M to shareholders in fiscal 2026, 131% of free cash flow. The diluted share count rose 1.0%.
- BlackBerry has $163M more cash than debt.
Market cap
$6.2B
P/E
79.6x
Revenue
$549M
Net income
$53.2M
Free cash flow
$46.5M
Operating margin
8.8%
BlackBerry in 30 seconds · fiscal 2026
Are sales growing?
+2.7%
Only a little. Sales grew 2.7% last year.
Does it make a profit?
9.7%
A little. It keeps 9.7% of every sale as profit.
Does profit turn into cash?
8.5%
Partly. 8.5% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
79.6x
One share costs 79.6 times its yearly profit per share. Typical for its sector: 33.0x.
What BlackBerry does
BlackBerry, based in Waterloo, Ontario, sells software in two main areas: QNX, the basic operating software that runs computers built into cars, medical devices, robots and factory equipment, and secure communications software for governments and regulated businesses. BlackBerry says QNX software is in more than 275 million vehicles. It reports three divisions. QNX, which licenses its software to carmakers, their suppliers and other equipment makers, had revenue of $268 million in the year to February 2026. Secure Communications, which sells encrypted calling and messaging, tools to manage and secure staff phones and computers, and emergency alert systems, to governments and businesses, had $258.9 million. Licensing, which earns money from its patents, had $22.2 million. BlackBerry says QNX competes mainly with other makers of such software, including free open-source Linux systems, and that all its businesses face many rivals in fast-changing markets.
Biggest risks, in its own words
- Failing to keep or grow its customer base enough to grow revenue and stay profitable.
- Falling behind rivals in developing and pricing new products and features.
- Changes in what governments buy, or how they buy it, could hurt its secure communications sales.
- Long and unpredictable sales cycles that take much time and money.
- Fiscal year ends
- February 28, 2026
- Latest annual report
- 10-K · Apr 9, 2026
- Legal name
- BlackBerry Limited
- CIK
- 0001070235
BlackBerry · BB
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $718M | $526M | $759M | $535M | $549M |
| Revenue growth | −19.6% | −26.7% | 44.2% | −29.5% | 2.7% |
| Gross margin | 65.0% | 69.7% | 64.6% | 73.8% | 76.2% |
| Operating margin | −0.3% | −39.3% | 1.5% | 0.2% | 8.8% |
| Net income | $12.0M | −$734M | −$130M | −$79.0M | $53.2M |
| Net margin | 1.7% | −139.5% | −17.2% | −14.8% | 9.7% |
| Diluted EPS | −$0.31 | −$1.35 | −$0.22 | −$0.13 | $0.09 |
| Cash | |||||
| Cash from operations | −$28.0M | −$262M | −$3.5M | $16.5M | $50.3M |
| Capital expenditure | $8.0M | $7.3M | $7.1M | $3.1M | $3.8M |
| Free cash flow | −$36.0M | −$270M | −$10.6M | $13.4M | $46.5M |
| FCF margin | −5.0% | −51.2% | −1.4% | 2.5% | 8.5% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $60.7M |
| Share count change | 12.5% | 1.3% | −7.4% | −0.2% | 1.0% |
| Debt and strength | |||||
| Cash and short-term investments | $712M | $427M | $237M | $338M | $360M |
| Debt incl. finance leases | — | $0.0M | $194M | $195M | $197M |
| Shareholders' equity | $1.6B | $857M | $775M | $720M | $746M |
| Net debt / EBITDA | — | — | −0.6x | −3.1x | −2.5x |
| Current ratio | 2.6x | 1.0x | 1.4x | 1.7x | 2.1x |
| Interest coverage | −0.3x | −32.3x | 2.0x | 0.1x | 8.1x |
| Returns and quality | |||||
| Return on capital | — | — | 1.0% | 0.1% | 7.5% |
| Return on equity | 0.8% | −60.9% | −16.0% | −10.6% | 7.3% |
| Piotroski F-score | — | — | 5 | 6 | 6 |
| Altman Z'' | 1.6 | −3.6 | −3.0 | −3.1 | −2.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$9.5M
5 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
BlackBerry · BB
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| BlackBerry BB | $6.2B | 2.7% | 8.8% | 8.5% | 7.5% | 79.6x | 6 |
| Qualys QLYS | $8.0B | 10.1% | 33.2% | 45.5% | 169.1% | 39.4x | 6 |
| CommVault Systems CVLT | $7.2B | 18.9% | 6.3% | 20.0% | — | 109.9x | 6 |
| Rubrik RBRK | $28.0B | 48.5% | −26.2% | 19.2% | — | — | 5 |
| UiPath PATH | $7.4B | 12.7% | 3.5% | 21.9% | 13.7% | 21.0x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $9.55 a share, the company is worth $6.2B: 79.6 times its earnings of the last four quarters.
BlackBerry grew sales faster than 0 of its 4 similar companies. Its P/E is higher than 2 of 3.
Source: SEC EDGAR XBRL filings (CIK 0001070235). Data updated October 23, 2026. For information only — not investment advice. Check the original filings before relying on any figure.