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Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 2
HOLD 12
SELL 0
STRONG
SELL
0
| PRICE TARGET: $10.54 DETAILS
HIGH: $13.00
LOW: $8.00
MEDIAN: $10.30
CONSENSUS: $10.54
UPSIDE: 30.28%
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Revenue
Revenue 558.1 534.9 759.1 526.3 718 893 1,040 904 932 1,309 2,160 3,335 6,813 11,073 18,423 19,907 14,953 11,065.2 6,028.3 3,036.6 2,062.4 1,350.4 594.6 307.0 294.0 221.3 85.0 47.3 20.9 7.2
Cost of Revenue 144.6 140 268.4 159.7 251 250 277 206 262 692 1,219 1,731 6,856 7,639 11,848 11,082 8,369 5,967.9 2,938.0 1,379.1 924.1 636.3 323.4 187.5 195.4 133.4 48.6 28.8 14.4 4.2
Gross Profit 413.5 394.9 490.7 366.6 467 643 763 698 670 617 941 1,604 (43) 3,434 6,575 8,825 6,584 5,097.3 3,090.3 1,657.6 1,138.4 714.1 271.3 119.5 98.5 88.0 36.4 18.6 6.5 3.0
Operating Expenses
R&D Expenses 113.6 108.8 127.1 134.2 219 215 259 219 239 306 469 711 1,286 1,509 1,556 1,351 965 684.7 361.0 236.1 158.6 102.7 62.6 56.0 37.4 18.3 7.7 4.4 3.0 1.6
SG&A Expenses 242.8 255.2 291.2 274.6 297 344 493 409 476 553 653 769 2,103 2,111 2,600 2,400 2,071 1,495.7 884.3 537.8 313.8 193.8 108.5 105.1 102.3 65.2 13.9 6.5 2.7 2.0
Other Expenses (10.1) 30.1 61.4 164.6 165 1,191 160 10 (328) 939 42 547 3,731 1,049 922 438 310 194.8 108.5 76.9 251.3 388.6 63.1 87.2 17.5 9.1 4.7 2.8 1.5 0.4
Operating Expenses 346.3 394.1 479.7 573.4 681 1,750 912 638 387 1,798 1,164 2,027 7,120 4,669 5,078 4,189 3,346 2,375.2 1,353.7 850.8 723.8 685.1 234.2 248.2 157.3 92.6 26.3 13.7 7.2 4.1
Operating Income
Operating Income 67.2 0.8 11 (206.8) (214) (1,107) (149) 60 283 (1,181) (223) (423) (7,163) (1,235) 1,497 4,636 3,238 2,722.1 1,736.6 806.7 414.6 29.1 37.0 (128.6) (58.7) (4.7) 10.1 4.9 (0.7) (1.1)
Interest Expense 6.1 6 5.6 6.4 5.9 15.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 17.0 0 0 0 0 0 0 0 0 0 0 0 0 14.6 0 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 84.2 59.2 93.9 (90.7) (38) 100 29 83 (21) (189) 158 520 (2,768) 1,018 3,375 5,563 3,854 3,050.0 1,914.5 933.0 500.3 95.8 91.6 (90.9) (41.0) 4.5 14.8 7.6 0.8 (0.7)
EBIT 66.1 14.5 35.4 (195.4) (214) (98) (183) (66) (198) (428) (458) (174) (4,038) (900) 1,852 4,636 3,238 2,722.1 1,736.6 806.7 414.6 29.1 37.0 (122.1) (58.7) (4.7) 10.1 4.9 (0.7) (1.1)
Income Before Tax 60.0 8.5 29.8 (201.8) 19 (1,113) (148) 77 406 (1,208) (282) (385) (7,184) (1,220) 1,518 4,644 3,266 2,800.4 1,816.5 858.8 480.7 66.2 47.6 (117.2) (38.3) 3.5 16.0 8.7 0.6 0
Income Tax Expense 5.9 17 24.2 13.7 7 (9) 4 (16) 1 (2) (74) (81) (1,311) (592) 347 1,233 809 907.7 518.3 227.3 106.7 (139.4) (4.2) 31.8 (9.9) 9.7 5.5 2.2 0.3 (0.1)
Net Income 54.1 (79) (130.2) (734.4) 12 (1,104) (152) 93 405 (1,206) (208) (304) (5,873) (646) 1,164 3,411 2,457 1,892.6 1,297.9 631.5 374.0 205.6 51.8 (149.0) (28.5) (6.2) 10.5 6.4 0.4 0
Per Share Data
EPS (Basic) 0.09 -0.13 -0.22 -1.22 0.02 -1.97 -0.27 0.17 0.76 -2.30 -0.40 -0.58 -11.18 -1.23 2.22 6.36 4.35 3.35 2.31 1.14 0.66 0.38 0.11 -0.32 -0.06 -0.01 0.03 0.02 0.00
EPS (Diluted) 0.09 -0.13 -0.22 -1.35 -0.30 -1.97 -0.25 0.15 0.74 -2.30 -0.32 -0.58 -11.18 -1.23 2.22 6.34 4.31 3.30 2.26 1.10 0.63 0.36 0.10 -0.32 -0.06 -0.01 0.03 0.02 0.00
Shares Outstanding 592.3 591.5 584.5 578.7 570.6 561.3 553.9 540.5 532.9 525.3 526.3 527.7 525.2 524.2 524.1 536.0 564.5 565.1 559.8 552.9 567.3 541.1 478.4 463.7 474.0 465.8 393.7 384.5 308.4 340.8
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Current Assets
Cash & Cash Equivalents 274.7 266.7 175 295 378 214 377 548 816 734 957 1,233 1,579 1,549 1,527 1,791 1,550.9 835.5 1,188.1 677.0 458.8 610.4 1,156.4 341.0 340.4 508.8 0.1 9.5 1.8 6.9
Short-Term Investments 85.2 71.1 62 131 334 525 532 368 1,443 644 1,420 1,658 950 1,105 247 330 360.6 682.7 422.0 310.0 175.3 315.5 0 0 304.0 213.1 218.1 56.3 74.7 0
Net Receivables 166.1 223.7 223.7 135 172 217 235 261 248 258 389 769 1,497 3,222 3,693 4,279 2,800 2,269.8 1,253.3 612.7 346.6 240.9 107.4 45.4 48.6 64.2 33.3 12.5 10.5 8.0
Inventory 0 0 0 0 0 0 0 0 3 26 143 122 244 603 1,027 618 621.6 682.4 397.5 255.9 134.3 92.5 42.8 31.3 37.5 68.0 36.9 19.5 10.8 11.5
Other Current Assets 42.2 30 47.2 182 159 50 52 56 35 55 102 385 787 962 577 470 441 371.1 227.3 63.3 141.8 285.0 48.8 11.1 0 2.9 6.0 3.9 0.3 0.1
Total Current Assets 568.2 591.5 508 743 1,043 1,006 1,196 1,194 2,548 1,691 3,011 4,167 5,057 7,101 7,056 7,488 5,812.7 4,841.6 3,488.3 1,919.0 1,254.5 1,544.2 1,355.4 428.8 737.1 857.1 294.4 101.5 98.1 26.7
Non-Current Assets
Property, Plant & Equipment 29 35.4 53 69 91 111 194 85 64 91 412 556 942 2,395 2,748 2,504 1,956.6 1,334.6 708.2 487.5 325.8 210.1 147.7 161.3 151.8 95.2 39.3 14.8 9.7 5.8
Goodwill 479.1 472.4 474.5 595 844 849 1,437 1,463 569 559 618 76 0 0 304 508 150.6 137.6 114.8 109.9 29.0 0 0 0 0 0 0 0 0 0
Intangible Assets 40.1 47.3 57.5 203 522 771 915 1,068 477 602 1,213 1,375 1,424 3,448 3,286 1,798 1,326.4 1,066.5 471.5 138.2 85.8 112.8 94.4 82.1 30.4 0 0 0 0 0
Long-Term Investments 58.3 58.9 35.7 34 30 37 32 55 55 269 197 316 129 221 337 577 958 720.6 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 70.5 90.1 266.8 35 37 44 114 62 67 58 50 59 0 0 0 0 0 0 741.2 425.6 613.3 753.9 333.9 190.2 0 17.8 3.5 0 0 0
Total Non-Current Assets 677 704.1 887.5 936 1,524 1,812 2,692 2,735 1,235 1,579 2,523 2,391 2,495 5,724 6,660 5,387 4,392 3,259.8 2,040.2 1,169.5 1,053.8 1,076.7 576.0 433.7 209.6 113.0 42.8 15.0 9.7 5.8
Total Assets 1,245.2 1,295.6 1,395 1,679 2,567 2,818 3,888 3,929 3,780 3,263 5,534 6,549 7,552 13,165 13,731 12,875 10,204.4 8,101.4 5,528.5 3,088.5 2,308.3 2,621.0 1,931.4 862.4 947.9 970.1 337.2 116.3 107.8 32.4
Current Liabilities
Account Payables 5.5 31.1 17 24 22 20 31 48 46 128 270 235 474 1,064 744 832 615 448.3 271.9 130.3 94.8 68.5 35.6 18.6 11.5 45.9 11.0 7.8 1.8 1.5
Short-Term Debt 0 0 0 367 0 33 606 0 0 0 0 0 0 0 0 0 0 0 0.4 0.3 0.3 0.2 0.2 6.1 0.4 0.2 0.2 0 0 1.1
Deferred Revenue 138.5 161.5 148.7 175 207 225 264 253 142 239 392 470 580 542 263 108 68 53.8 37.4 28.4 20.9 16.2 16.5 14.3 9.8 0 0 0 0 0
Other Current Liabilities 36.5 16.4 64.4 3 20 (13) 0 0 0 0 0 0 0 0 0 0 15 13.1 476.8 99.9 17.6 3.1 1.7 4.9 2.4 14.7 8.1 2.6 0.5 0.1
Total Current Liabilities 268.1 344.3 356.9 729 397 429 1,121 510 411 621 1,039 1,372 2,268 3,460 3,389 3,630 2,432 2,115.4 1,479.1 546.5 283.8 630.8 208.9 149.2 61.0 60.8 19.3 10.4 2.3 2.6
Non-Current Liabilities
Long-Term Debt 196.5 195.3 194.1 0 507 720 0 665 782 591 1,277 1,707 1,627 0 0 0 0 0 7.3 6.3 6.8 6.5 6.2 5.8 11.9 6.3 6.5 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 2 6 9 10 48 32 245 232 276 141 111.9 65.3 52.5 27.8 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1.7 1.8 16.5 1 4 6 9 19 23 18 0 0 0 0 10 31 29 0 31.0 0 0 0 0 0 0 0 0 (0.1) 0 0
Total Non-Current Liabilities 231.1 231.4 263 93 614 885 238 822 864 618 1,287 1,755 1,659 245 242 307 170 111.9 103.5 58.9 34.7 6.5 6.2 5.8 11.9 6.3 6.5 (0.1) 0 0
Total Liabilities 499.2 575.7 619 822 1,011 1,314 1,359 1,293 1,275 1,206 2,326 3,118 3,927 3,705 3,631 3,937 2,601.7 2,227.2 1,582.6 605.4 312.9 637.3 215.1 155.0 71.4 67.1 25.8 10.2 2.3 2.6
Stockholders' Equity
Common Stock 2,924.4 2,976.4 2,948 2,909 2,869 2,823 2,760 2,688 2,560 2,512 2,448 2,444 2,418 2,431 0 0 2,207.6 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings (2,167.2) (2,237.3) (2,158) (2,028) (1,294) (1,306) (198) (32) (45) (438) 768 1,010 1,394 7,267 7,913 6,749 5,274.4 3,545.7 1.7 359.2 147.8 94.2 (119.2) (171.2) (18.0) 11.9 18.1 7.5 1.3 (0.4)
Accumulated Other Comprehensive Income (11.2) (19.2) (14) (24) (19) (13) (33) (20) (10) (17) (8) (23) (8) (4) 40 (10) 51.1 0.5 30.4 (11.5) (2.0) (2.8) 6.1 3.4 (35.3) (18.8) (9.7) (4.8) (2.2) (0.7)
Total Stockholders' Equity 746 719.9 776 857 1,556 1,504 2,529 2,636 2,505 2,057 3,208 3,431 3,625 9,460 10,100 8,938 7,602.7 5,874.1 3,946.0 2,483.1 1,995.5 1,983.7 1,716.3 707.4 876.5 902.9 311.4 106.1 105.5 29.8
Total Liabilities & Equity 1,245.2 1,295.6 1,395 1,679 2,567 2,818 3,888 3,929 3,780 3,263 5,534 6,549 7,552 13,165 13,731 12,875 10,204.4 8,101.4 5,528.5 3,088.5 2,308.3 2,621.0 1,931.4 862.4 947.9 970.1 337.2 116.3 107.8 32.4
Debt Metrics
Total Debt 215.3 239 252 443 601 843 757 665 782 591 1,277 1,707 1,627 0 0 0 0 0 7.6 6.6 7.1 6.7 6.4 11.9 12.3 6.5 6.7 0 0 1.1
Net Debt (59.4) (27.7) 77 148 223 629 380 117 (34) (143) 320 474 48 (1,549) (1,527) (1,791) (1,550.9) (835.5) (1,180.5) (670.4) (451.7) (603.6) (1,150.0) (329.1) (328.1) (502.3) 6.6 (9.5) (1.8) (5.8)
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Operating Activities
Net Income 53.2 (79) (130.2) (734.4) 12 (1,104) (152) 93 405 (1,206) (208) (304) (5,873) (646) 1,164 3,411 2,457.1 1,892.6 1,297.9 631.5 374.0 205.6 51.8 (149.0) (28.5) (6.2) 10.5 6.4 0.4 0
Depreciation & Amortization 17.8 44.7 58.5 104.7 176 198 212 149 177 239 616 694 1,270 1,918 1,523 927 616 327.9 177.9 126.3 85.7 66.8 54.5 31.2 17.7 9.1 4.7 2.8 1.5 0.4
Stock-Based Compensation 23.2 25.6 33.1 33.9 36 44 63 67 49 60 60 50 68 86 97 72 58 38.1 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (36.5) 34.5 (154.3) 6.2 1 (56) (58) (15) (112) (98) 103 59 1,259 487 (231) (496) (161) (769.1) 131.2 (142.6) (390.0) 147.5 (43.6) 91.2 40.0 (17.5) (31.4) (7.5) (1.6) (13.4)
Other Non-Cash Items (6.6) (9.3) 189.4 327.4 (253) 1,003 (39) (169) 192 748 (209) 252 3,266 371 364 3 13.9 (1.0) 42.1 18.7 3.1 2.8 1.1 0.2 5.4 14.7 (3.2) (0.3) 0.1 0.1
Operating Cash Flow 51.1 16.5 (3.5) (262.2) (28) 82 26 100 704 (224) 257 813 (159) 2,303 2,912 4,009 3,035 1,451.8 1,581.7 735.6 149.8 278.0 63.8 2.8 17.7 5.1 (15.7) 1.3 0.3 (12.9)
Investing Activities
Capital Expenditure (3.9) (10.1) (20.9) (40.9) (39) (44) (44) (49) (45) (69) (102) (508) (1,363) (1,423) (3,119) (1,596) (1,430) (1,521.4) (728.3) (314.3) (202.1) (126.4) (21.8) (39.7) (73.9) (68.1) (24.4) (8.9) (5.6) (6.1)
Acquisitions 38.7 0 0 0 0 0 1 (1,402) 0 (5) (698) (119) (7) (60) (226) (494) (143) (48.4) (6.2) (116.2) (3.8) (3.9) 0 (22.0) (9.7) 0 0 0 0 0
Purchases of Investments (156.1) (154.9) (156) (517.3) (917) (1,044) (1,181) (2,897) (3,526) (1,796) (3,090) (3,751) (1,928) (1,768) (605) (1,287) (1,340) (1,424.4) (2,013.9) (263.2) (301.9) (842.2) (211.1) (232.1) (925.7) (388.7) (260.0) (77.6) (8.7) 0
Sales/Maturities of Investments 142.9 145.9 223.5 716.3 1,139 1,047 1,036 3,972 2,938 2,499 3,447 2,857 2,209 1,006 926 1,679 1,443 1,170.7 1,590.9 329.1 575.0 94.4 67.8 346.3 834.7 393.7 98.8 29.4 0 0
Other Investing Activities 0 72.8 (13.8) (16.5) (7) (60) (32) (31) (27) 43 (66) (73) (1,031) (1,000) (2,217) (557) (421) (687.9) 0 0 0 0 (31.8) (31.0) (7.1) (20.8) 0 0 0 0
Investing Cash Flow 15.9 60.7 46.6 175.2 207 (65) (188) (375) (630) 724 (439) (1,173) (1,040) (2,240) (3,024) (1,698) (1,470) (1,823.5) (1,157.6) (364.5) 67.2 (878.1) (196.8) 21.4 (181.7) (83.9) (185.5) (57.1) (14.3) (6.1)
Financing Activities
Net Debt Issuance 0 0 (171) (0.1) 0 (246) (2) 0 0 (710) 0 0 1,250 0 0 0 (6) (14.3) (0.3) (0.3) (0.2) (0.2) (6.1) (0.6) (0.3) (0.2) (9.9) (0.3) (6.4) (1.3)
Stock Repurchased (61.7) 0 0 0 0 0 0 0 (18) 0 (93) 0 (16) (25) (156) (2,153) (869) 0 0 (203.9) (390.6) 0 0 (24.5) (5.5) 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.3) 0
Other Financing Activities 0 0 0 0 0 0 0 0 0 (16) 11 (51) (13) (11) (2) (1) 2 12.6 8.2 6.0 0 0 (39.6) 0 0 (27.9) 3.0 0.8 0.4 (1.8)
Financing Cash Flow (59.2) 3.1 (165.1) 6 10 (227) 7 5 (10) (721) (78) 16 1,224 (36) (149) (2,087) (843) 25.4 80.7 (153.6) (367.6) 54.0 948.9 (24.0) (4.3) 587.5 191.6 0.6 72.1 25.5
Cash Position
Net Change in Cash 9.0 79.8 (121.8) (83.9) 188 (208) (156) (273) 70 (222) (276) (346) 30 22 (264) 240 716 (348.9) 508.9 217.6 (150.6) (546.1) 815.7 0.2 (168.3) 508.7 (9.5) (54.9) 58.0 6.6
Cash at Beginning 280.3 200.5 322.3 406.2 218 426 582 855 785 1,007 1,233 1,579 1,549 1,527 1,791 1,551 835 1,184.4 679.3 459.5 609.3 1,156.4 340.7 340.8 508.7 0.1 9.6 64.5 6.4 0.4
Cash at End 288.9 280.3 200.5 322.3 406 218 426 582 855 785 957 1,233 1,579 1,549 1,527 1,791 1,551 835.5 1,188.1 677.0 458.8 610.4 1,156.4 341.0 340.4 508.8 0.1 9.6 64.3 6.9
Free Cash Flow 47.3 6.4 (24.4) (303.1) (67) 38 (18) 51 659 (293) 155 305 (1,522) 880 (207) 2,413 1,605 (69.6) 853.4 421.3 (52.3) 151.6 42.0 (36.9) (56.2) (63) (40.2) (7.5) (5.3) (19.0)
Key Metrics 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Income Statement
Revenue 558.1 534.9 759.1 526.3 718 893 1,040 904 932 1,309 2,160 3,335 6,813 11,073 18,423 19,907 14,953 11,065.2 6,028.3 3,036.6 2,062.4 1,350.4 594.6 307.0 294.0 221.3 85.0 47.3 20.9 7.2
Gross Profit 413.5 394.9 490.7 366.6 467 643 763 698 670 617 941 1,604 (43) 3,434 6,575 8,825 6,584 5,097.3 3,090.3 1,657.6 1,138.4 714.1 271.3 119.5 98.5 88.0 36.4 18.6 6.5 3.0
Operating Income 67.2 0.8 11 (206.8) (214) (1,107) (149) 60 283 (1,181) (223) (423) (7,163) (1,235) 1,497 4,636 3,238 2,722.1 1,736.6 806.7 414.6 29.1 37.0 (128.6) (58.7) (4.7) 10.1 4.9 (0.7) (1.1)
Net Income 54.1 (79) (130.2) (734.4) 12 (1,104) (152) 93 405 (1,206) (208) (304) (5,873) (646) 1,164 3,411 2,457 1,892.6 1,297.9 631.5 374.0 205.6 51.8 (149.0) (28.5) (6.2) 10.5 6.4 0.4 0
EPS (Diluted) 0.09 -0.13 -0.22 -1.35 -0.30 -1.97 -0.25 0.15 0.74 -2.30 -0.32 -0.58 -11.18 -1.23 2.22 6.34 4.31 3.30 2.26 1.10 0.63 0.36 0.10 -0.32 -0.06 -0.01 0.03 0.02 0.00
Balance Sheet
Cash & Equivalents 274.7 266.7 175 295 378 214 377 548 816 734 957 1,233 1,579 1,549 1,527 1,791 1,550.9 835.5 1,188.1 677.0 458.8 610.4 1,156.4 341.0 340.4 508.8 0.1 9.5 1.8 6.9
Total Assets 1,245.2 1,295.6 1,395 1,679 2,567 2,818 3,888 3,929 3,780 3,263 5,534 6,549 7,552 13,165 13,731 12,875 10,204.4 8,101.4 5,528.5 3,088.5 2,308.3 2,621.0 1,931.4 862.4 947.9 970.1 337.2 116.3 107.8 32.4
Total Debt 215.3 239 252 443 601 843 757 665 782 591 1,277 1,707 1,627 0 0 0 0 0 7.6 6.6 7.1 6.7 6.4 11.9 12.3 6.5 6.7 0 0 1.1
Stockholders' Equity 746 719.9 776 857 1,556 1,504 2,529 2,636 2,505 2,057 3,208 3,431 3,625 9,460 10,100 8,938 7,602.7 5,874.1 3,946.0 2,483.1 1,995.5 1,983.7 1,716.3 707.4 876.5 902.9 311.4 106.1 105.5 29.8
Cash Flow
Operating Cash Flow 51.1 16.5 (3.5) (262.2) (28) 82 26 100 704 (224) 257 813 (159) 2,303 2,912 4,009 3,035 1,451.8 1,581.7 735.6 149.8 278.0 63.8 2.8 17.7 5.1 (15.7) 1.3 0.3 (12.9)
Capital Expenditure (3.9) (10.1) (20.9) (40.9) (39) (44) (44) (49) (45) (69) (102) (508) (1,363) (1,423) (3,119) (1,596) (1,430) (1,521.4) (728.3) (314.3) (202.1) (126.4) (21.8) (39.7) (73.9) (68.1) (24.4) (8.9) (5.6) (6.1)
Free Cash Flow 47.3 6.4 (24.4) (303.1) (67) 38 (18) 51 659 (293) 155 305 (1,522) 880 (207) 2,413 1,605 (69.6) 853.4 421.3 (52.3) 151.6 42.0 (36.9) (56.2) (63) (40.2) (7.5) (5.3) (19.0)