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BlackBerry Limited

BB NYSE Categories PDF
Technology · Software - Infrastructure
Waterloo, ON N2K 0A7, Canada IPO 1999 blackberry.com Updated Jun 26, 5:19pm
Price
$11.40
Market Cap
$6.7B
Employees
1,820
Beta
1.55
Avg Volume
29,919,711
CEO
John Joseph Giamatteo
Business Description

BlackBerry Limited stands as a global technology company, delivering intelligent security solutions, software, and comprehensive services to government bodies and businesses worldwide. Its operational structure is divided into three primary segments: Cybersecurity, Internet of Things (IoT), and Licensing & Other ventures. Within its Cybersecurity division, the company offers the sophisticated BlackBerry Cyber Suite. This platform leverages Cylance's artificial intelligence and machine learning capabilities to provide a robust array of protective measures. Key components include BlackBerry Protect, an Endpoint Protection Platform (EPP) also featuring Mobile Threat Defense (MTD); BlackBerry Optics, an Endpoint Detection and Response (EDR) solution designed for deep visibility and proactive prevention of malicious activities; BlackBerry Guard, which delivers managed detection and response (MDR) services; BlackBerry Gateway, an AI-driven Zero Trust Network Access (ZTNA) offering; and BlackBerry Persona, a User and Entity Behavior Analytics (UEBA) solution focused on real-time user identity verification. Beyond its core cybersecurity offerings, BlackBerry provides the Spark Unified Endpoint Management (UEM) Suite. This suite encompasses BlackBerry UEM, serving as the foundational software for its secure communication ecosystem, and BlackBerry Dynamics, which furnishes a secure container technology and development environment for mobile applications. The company further supplies critical event management systems such as BlackBerry AtHoc and BlackBerry Alert. For government entities, it offers SecuSUITE, a secure voice and text messaging solution compatible across multiple operating systems, alongside BBM Enterprise, a secure instant messaging platform tailored for corporate use. In the sphere of embedded systems and the IoT, BlackBerry’s diverse portfolio includes BlackBerry QNX, recognized for its Neutrino operating system, the BlackBerry QNX CAR platform, and various embedded solutions. Other notable products are BlackBerry Jarvis, a cloud-native platform for static application security testing of binaries; BlackBerry Certicom, specializing in cryptographic and management products; BlackBerry Radar, an asset monitoring solution; and BlackBerry IVY, an intelligent vehicle data platform. These are complemented by a suite of enterprise and cybersecurity consulting services. Furthermore, BlackBerry generates revenue through its substantial patent licensing program and fees derived from access to legacy services. As of February 28, 2022, the company maintained an impressive portfolio of approximately 38,000 global patents and patent applications. Founded in 1984, BlackBerry Limited is strategically headquartered in Waterloo, Canada.

Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Jun 22, 2026 7:31am (5d ago)
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
126.67
Stock Price: $11.40
EPS (Diluted): 0.09
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
2.69
Stock Price: $11.40
Total Equity: $746.00M
Shares: 597,585,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
23.15
Market Cap: $6.68B
Total Debt: $196.50M
Cash: $274.70M
EBITDA: $84.15M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$1.9B
Market Cap: $6.68B
Total Debt: $196.50M
Cash: $274.70M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
74.1%
Gross Profit: $413.45M
Revenue: $558.08M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
12.0%
Operating Income: $67.18M
Revenue: $558.08M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
9.7%
Net Income: $54.07M
Revenue: $558.08M
ROE (Profit from shareholder equity)
CALC
Net Income / Total Equity
7.2%
Net Income: $54.07M
Total Equity: $746.00M
ROIC (Profit from all invested capital)
CALC
NOPAT / Invested Capital
9.1%
Operating Income: $67.18M
Tax Rate: 9.8%
Equity: $746.00M
Total Debt: $196.50M
Cash: $274.70M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
2.12
Current Assets: $568.20M
Current Liabilities: $268.10M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.26
Short-Term Debt: $0.00
Long-Term Debt: $196.50M
Total Debt: $196.50M
Total Equity: $746.00M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$0.93
Revenue: $558.08M
Shares: 597,585,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$1.25
Total Equity: $746.00M
Shares: 597,585,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$0.08
Operating CF: $51.12M
CapEx: -$3.86M
Shares: 597,585,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $11.40
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: $54.07M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BB against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 22, 2026 7:31am (5d ago)
Metric 2022 2023 2024 2025 2026
Revenue $718.0M $526.3M $759.1M $534.9M $558.1M
Cost of Revenue $251.0M $159.7M $268.4M $140.0M $144.6M
Gross Profit $467.0M $366.6M $490.7M $394.9M $413.5M
Operating Expenses $469.0M $573.4M $479.7M $394.1M $346.3M
Operating Income -$2.0M -$206.8M $11.0M $800,000 $67.2M
Net Income $12.0M -$734.4M -$130.2M -$79.0M $54.1M
EBITDA -$38.0M -$90.7M $93.9M $59.2M $84.2M
EPS $0.02 $-1.22 $-0.22 $-0.13 $0.09
EPS (Diluted)
Balance Sheet (Annual)
Last updated: Jun 22, 2026 7:31am (5d ago)
Metric 2022 2023 2024 2025 2026
Cash & Equivalents $378.0M $295.0M $175.0M $265.4M $274.7M
Total Current Assets $1.0B $743.0M $508.0M $588.7M $568.2M
Total Assets $2.6B $1.7B $1.4B $1.3B $1.2B
Current Liabilities $397.0M $729.0M $356.9M $342.7M $268.1M
Long-Term Debt $507.0M $0 $194.1M $194.4M $196.5M
Total Liabilities $1.0B $822.0M $619.0M $573.0M $499.2M
Total Equity $1.6B $857.0M $776.0M $716.5M $746.0M
Retained Earnings -$1.3B -$2.0B -$2.2B -$2.2B -$2.2B
Cash Flow (Annual)
Last updated: Jun 22, 2026 7:31am (5d ago)
Metric 2022 2023 2024 2025 2026
Operating Cash Flow -$28.0M -$262.2M -$3.5M $16.5M $51.1M
Capital Expenditure -$39.0M -$40.9M -$20.9M -$10.1M -$3.9M
Free Cash Flow -$67.0M -$303.1M -$24.4M $6.4M $47.3M
Acquisitions (net) $0 $0 $0 $0 $38.7M
Debt Repayment
Dividends Paid
Stock Buybacks $0 $0 $0 $0 -$61.7M
Net Change in Cash $188.0M -$83.9M -$121.8M $79.8M $9.0M
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 5:19pm (16h ago)
Metric 2026 2027 2028 2029
Revenue $538.6M
$537.1M – $540.1M
$589.4M
$589.2M – $589.6M
$647.8M
$642.5M – $653.1M
$526.6M
$521.6M – $534.4M
EBITDA $17.2M
$17.2M – $17.3M
$18.8M
$18.8M – $18.9M
$20.7M
$20.5M – $20.9M
$16.8M
$16.7M – $17.1M
Net Income $86.5M
$82.7M – $90.3M
$108.6M
$99.3M – $117.9M
$116.8M
$108.7M – $125.9M
$161.4M
$158.9M – $164.0M
EPS
Growth Trends (YoY %)
Last updated: Jun 22, 2026 7:31am (5d ago)
Metric 2023 2024 2025 2026
Revenue Growth -26.7% +44.2% -29.5% +4.3%
Gross Profit Growth -21.5% +33.9% -19.5% +4.7%
Operating Income Growth -10,240.0% +105.3% -92.7% +8,297.6%
Net Income Growth -6,220.0% +82.3% +39.3% +168.4%
EBITDA Growth -138.7% +203.5% -37.0% +42.2%
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for BB — it's generated by the pipeline (market-narrative step).
Community AI Feedback
No community reviews yet for BB. Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30