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
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 0.09
Total Equity: $746.00M
Shares: 597,585,000
Total Debt: $196.50M
Cash: $274.70M
EBITDA: $84.15M
Total Debt: $196.50M
Cash: $274.70M
Revenue: $558.08M
Revenue: $558.08M
Revenue: $558.08M
Total Equity: $746.00M
Tax Rate: 9.8%
Equity: $746.00M
Total Debt: $196.50M
Cash: $274.70M
Current Liabilities: $268.10M
Long-Term Debt: $196.50M
Total Debt: $196.50M
Total Equity: $746.00M
Shares: 597,585,000
Shares: 597,585,000
CapEx: -$3.86M
Shares: 597,585,000
Stock Price: $11.40
Net Income: $54.07M
Industry Benchmarks
Deep Analysis
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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
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