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BLACKBERRY Ltd

BB Clue Score45
Ontario, Canada Fiscal year ends February CIK 0001070235
$8.91 +3.24% Close, 9 Oct 2026
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Price $8.91 −3.99% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue1,309.0Operating income−1,181.0Net income−1,206.0EPS, diluted−2.30Fiscal year 2018Revenue932.0 −28.8%Operating income283.0Net income405.0EPS, diluted0.74Fiscal year 2019Revenue904.0 −3.0%Operating income60.0Net income93.0 −77.0%EPS, diluted0.00 −100.0%Fiscal year 2020Revenue1,040.0 +15.0%Operating income−149.0Net income−152.0 −263.4%EPS, diluted−0.32Fiscal year 2021Revenue893.0 −14.1%Operating income−1,107.0Net income−1,104.0EPS, diluted−1.97Fiscal year 2022Revenue718.0 −19.6%Operating income−2.0Net income12.0EPS, diluted−0.31Fiscal year 2023Revenue526.3 −26.7%Operating income−206.8Net income−734.4 −6,220.0%EPS, diluted−1.35Fiscal year 2024Revenue759.1 +44.2%Operating income11.0Net income−130.2EPS, diluted−0.22Fiscal year 2025Revenue534.9 −29.5%Operating income0.8Net income−79.0EPS, diluted−0.13Fiscal year 2026Revenue549.1 +2.7%Operating income48.3Net income53.2EPS, diluted0.09
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 1,309.0 932.0 904.0 1,040.0 893.0 718.0 526.3 759.1 534.9 549.1
Growth −28.8% −3.0% +15.0% −14.1% −19.6% −26.7% +44.2% −29.5% +2.7%
Operating income −1,181.0 283.0 60.0 −149.0 −1,107.0 −2.0 −206.8 11.0 0.8 48.3
Net income −1,206.0 405.0 93.0 −152.0 −1,104.0 12.0 −734.4 −130.2 −79.0 53.2
Growth −77.0% −263.4% −6,220.0%
EPS, diluted −2.30 0.74 0.00 −0.32 −1.97 −0.31 −1.35 −0.22 −0.13 0.09
Growth −100.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin47.1%Operating margin−90.2%Net margin−92.1%Free cash flow margin−18.4%Fiscal year 2018Gross margin71.9%Operating margin30.4%Net margin43.5%Free cash flow margin73.9%Fiscal year 2019Gross margin77.2%Operating margin6.6%Net margin10.3%Free cash flow margin9.2%Fiscal year 2020Gross margin73.4%Operating margin−14.3%Net margin−14.6%Free cash flow margin1.3%Fiscal year 2021Gross margin72.0%Operating margin−124.0%Net margin−123.6%Free cash flow margin8.3%Fiscal year 2022Gross margin65.0%Operating margin−0.3%Net margin1.7%Free cash flow margin−5.0%Fiscal year 2023Gross margin69.7%Operating margin−39.3%Net margin−139.5%Free cash flow margin−51.2%Fiscal year 2024Gross margin64.6%Operating margin1.4%Net margin−17.2%Free cash flow margin−1.4%Fiscal year 2025Gross margin73.8%Operating margin0.1%Net margin−14.8%Free cash flow margin2.5%Fiscal year 2026Gross margin76.2%Operating margin8.8%Net margin9.7%Free cash flow margin8.5%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 47.1% 71.9% 77.2% 73.4% 72.0% 65.0% 69.7% 64.6% 73.8% 76.2%
Operating margin −90.2% 30.4% 6.6% −14.3% −124.0% −0.3% −39.3% 1.4% 0.1% 8.8%
Net margin −92.1% 43.5% 10.3% −14.6% −123.6% 1.7% −139.5% −17.2% −14.8% 9.7%
Free cash flow margin −18.4% 73.9% 9.2% 1.3% 8.3% −5.0% −51.2% −1.4% 2.5% 8.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow−224.0Capital expenditure−17.0Free cash flow−241.0Buybacks0.0Fiscal year 2018Operating cash flow704.0Capital expenditure−15.0Free cash flow689.0Buybacks−18.0Fiscal year 2019Operating cash flow100.0Capital expenditure−17.0Free cash flow83.0 −88.0%Buybacks0.0Fiscal year 2020Operating cash flow26.0Capital expenditure−12.0Free cash flow14.0 −83.1%Buybacks0.0Fiscal year 2021Operating cash flow82.0Capital expenditure−8.0Free cash flow74.0 +428.6%Fiscal year 2022Operating cash flow−28.0Capital expenditure−8.0Free cash flow−36.0 −148.6%Fiscal year 2023Operating cash flow−262.2Capital expenditure−7.3Free cash flow−269.5Fiscal year 2024Operating cash flow−3.5Capital expenditure−7.1Free cash flow−10.6Buybacks0.0Fiscal year 2025Operating cash flow16.5Capital expenditure−3.1Free cash flow13.4Buybacks0.0Fiscal year 2026Operating cash flow50.3Capital expenditure−3.8Free cash flow46.5 +247.0%Buybacks−60.7
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow −224.0 704.0 100.0 26.0 82.0 −28.0 −262.2 −3.5 16.5 50.3
Capital expenditure −17.0 −15.0 −17.0 −12.0 −8.0 −8.0 −7.3 −7.1 −3.1 −3.8
Free cash flow −241.0 689.0 83.0 14.0 74.0 −36.0 −269.5 −10.6 13.4 46.5
Growth −88.0% −83.1% +428.6% −148.6% +247.0%
Buybacks 0.0 −18.0 0.0 0.0 n/a n/a n/a 0.0 0.0 −60.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash734.0Shareholders’ equity2,057.0Fiscal year 2018Cash816.0Shareholders’ equity2,505.0Fiscal year 2019Cash548.0Shareholders’ equity2,636.0Fiscal year 2020Cash377.0Shareholders’ equity2,529.0Fiscal year 2021Cash214.0Shareholders’ equity1,504.0Fiscal year 2022Cash378.0Shareholders’ equity1,555.9Fiscal year 2023Cash295.7Total debt0.0Net cash (debt)295.7Shareholders’ equity856.8Debt to equity0.00Fiscal year 2024Cash175.1Total debt194.1Net cash (debt)−19.0Shareholders’ equity775.1Debt to equity0.25Fiscal year 2025Cash266.7Total debt195.3Net cash (debt)71.4Shareholders’ equity719.9Debt to equity0.27Fiscal year 2026Cash274.7Total debt196.5Net cash (debt)78.2Shareholders’ equity746.0Debt to equity0.26
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 734.0 816.0 548.0 377.0 214.0 378.0 295.7 175.1 266.7 274.7
Total debt n/a n/a n/a n/a n/a n/a 0.0 194.1 195.3 196.5
Net cash (debt) n/a n/a n/a n/a n/a n/a 295.7 −19.0 71.4 78.2
Shareholders’ equity 2,057.0 2,505.0 2,636.0 2,529.0 1,504.0 1,555.9 856.8 775.1 719.9 746.0
Debt to equity n/a n/a n/a n/a n/a n/a 0.00 0.25 0.27 0.26

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending February, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 28 Feb 2017 FY2018 28 Feb 2018 FY2019 28 Feb 2019 FY2020 29 Feb 2020 FY2021 28 Feb 2021 FY2022 28 Feb 2022 FY2023 28 Feb 2023 FY2024 29 Feb 2024 FY2025 28 Feb 2025 FY2026 28 Feb 2026
Revenue and profit
1,309.0 932.0 904.0 1,040.0 893.0 718.0 526.3 759.1 534.9 549.1
Growth −28.8% −3.0% +15.0% −14.1% −19.6% −26.7% +44.2% −29.5% +2.7%
692.0 262.0 206.0 277.0 250.0 251.0 159.7 268.4 140.0 130.9
617.0 670.0 698.0 763.0 643.0 467.0 366.6 490.7 394.9 418.2
Growth +8.6% +4.2% +9.3% −15.7% −27.4% −21.5% +33.9% −19.5% +5.9%
306.0 239.0 219.0 259.0 215.0 219.0 134.2 127.1 108.8 113.6
553.0 476.0 409.0 493.0 344.0 297.0 340.0 187.2 159.7 128.8
−1,181.0 283.0 60.0 −149.0 −1,107.0 −2.0 −206.8 11.0 0.8 48.3
Growth −78.8% −348.3% −92.7% +5,937.5%
−1,208.0 406.0 77.0 −148.0 −1,113.0 19.0 −201.8 29.8 8.5 59.0
−2.0 1.0 −16.0 4.0 −9.0 7.0 13.7 24.2 17.0 5.8
−1,206.0 405.0 93.0 −152.0 −1,104.0 12.0 −734.4 −130.2 −79.0 53.2
Growth −77.0% −263.4% −6,220.0%
Per share
−2.30 0.76 0.17 −0.27 −1.97 0.02 −1.27 −0.22 −0.13 0.09
−2.30 0.74 0.00 −0.32 −1.97 −0.31 −1.35 −0.22 −0.13 0.09
Growth −100.0%
525.3 532.9 540.5 553.9 561.3 570.6 578.7 584.5 591.5 592.3
525.3 545.9 616.5 614.4 561.3 631.4 639.5 592.5 591.5 597.6
Growth +3.9% +12.9% −0.3% −8.6% +12.5% +1.3% −7.3% −0.2% +1.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 9.3% a year over five years.
  • The diluted share count rose 6.5% in five years, which is dilution.
  • Operating margin is up 132.8 points on five years ago, at 8.8%.
  • A net loss in 6 of 10 years on file.