MARKETS / NYSE / BB

NYSE · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Blackberry Ltd. BB

19 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$549.1M

▲ 2.7% YoY

Net income

$53.2M

Free cash flow

$46.5M

▲ 247.0% YoY

In brief

What this company does

BlackBerry generates revenue primarily from the licensing of enterprise software and the sale of associated services, including QNX embedded software platforms, Secure Communications solutions, and technology licensing. As of February 28, 2026, it had 1,749 regular employees, contract workers and student workers, working in 15 countries worldwide, with approximately 57% in Canada, 14% in the U.S., and 29% outside of North America. Its products and services are structured in three divisions: QNX, Secure Communications and Licensing. The QNX division consists of QNX, BlackBerry Radar and BlackBerry Certicom. The Secure Communications division consists of BlackBerry SecuSUITE, BlackBerry UEM and BlackBerry AtHoc. The Licensing division manages and monetizes the Company's global patent portfolio, which covers technologies including operating systems, networking infrastructure, acoustics, messaging, enterprise software, automotive subsystems, cybersecurity, cryptography and wireless communications, and, as of February 28, 2026, the Company owned approximately 6,100 worldwide patents and applications. It was founded in 1984. It was incorporated under the Business Corporations Act (Ontario) and has amalgamated with several of its wholly-owned subsidiaries, the last occurring through the filing of articles of amalgamation on November 4, 2013.

Written from the business description in BLACKBERRY Ltd's annual report to the U.S. Securities and Exchange Commission, filed 9 April 2026. Every sentence was checked against that document before publication.

Growth

USD 549.1M

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 0.5 · Net income 0.1

Compound annual growth

Revenue

+1.4%

−9.3%

−12.8%

−21.3%

Net income

−24.2%

Returned to shareholders

−4.2%

−21.0%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at −9.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

10 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 8.8% · Net 9.7%

ROE

FY2025 · ROE 7.3%

Gross margin76.2%

Operating margin8.8%

Net margin9.7%

Return on assets4.2%

EBITDAUSD 66.1M

Each USD of equity produced 7 cents of profit this year.

Cash & shareholders

USD 58.2M

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 0.0

Net buybacks $B Dividends $B

FY2025 · Dividends — · Net buybacks 0.1

Dividends paid—

Net buybacksUSD 58.2M

Share of profit109.4%

Consecutive raises—

USD 58.2M in buybacks — 109% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 1.2B

EquityUSD 746.0M

CashUSD 274.7M

Gross debtUSD 196.5M

Net debtUSD -78.2M

Current ratio2.12×

The company holds more cash than debt.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	0.5	0.5	0.8	0.5	0.7	0.9	1.0	0.9	0.9	1.3	2.2	3.3	6.8	11.1	18.4	19.9	15.0	11.1	6.0
Operating income $B	0.0	0.0	0.0	−0.2	−0.0	−1.1	−0.1	0.1	0.3	−1.2	−0.2	−0.4	−7.2	−1.2	1.5	4.6	3.2	2.7	1.7
EBITDA $B	0.1	0.0	0.1	−0.1	0.2	−0.9	0.1	0.2	0.5	−0.9	0.4	0.3	−5.9	0.7	3.0	5.6	3.9	3.0	1.9
Income tax $B	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	−0.0	0.0	−0.0	−0.1	−0.1	−1.3	−0.6	0.3	1.2	0.8	0.9	0.5
Net income $B	0.1	−0.1	−0.1	−0.7	0.0	−1.1	−0.2	0.1	0.4	−1.2	−0.2	−0.3	−5.9	−0.6	1.2	3.4	2.5	1.9	1.3
Free cash flow $B	0.0	0.0	−0.0	−0.3	−0.0	0.1	0.0	0.1	0.7	−0.2	0.2	0.7	−0.4	1.9	2.0	3.0	2.0	0.6	1.2
EPS, diluted $	0.09	−0.13	−0.22	−1.35	−0.31	−1.97	−0.32	0.00	0.74	−2.30	−0.86	−0.58	−11.18	−1.23	2.22	6.34	4.31	3.30	2.26
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
ROE %	7.3	−10.6	−16.0	−60.9	0.8	−54.7	−5.9	3.6	17.8	−45.8	−6.3	−8.6	−89.8	−6.6	12.2	41.2	36.5	38.6	32.9
Shares out B	0.59	0.60	0.59	0.58	0.58	0.57	0.55	0.55	0.54	0.53	·	0.00	0.53	0.00	0.00	0.52	0.56	0.57	0.56

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 92 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 3 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityServices-Prepackaged Software

Listed onNYSE

Incorporated innot stated in the filings

Fiscal year endsFebruary 28

Data on record since2007