BlackBerry (BB) Financials

$6.10 +0.11 (+1.75%)

Closing price 03:59 PM Eastern

Extended Trading

$6.07 -0.02 (-0.41%)

As of 05:07 PM Eastern

Annual Income Statements for BlackBerry

This table shows BlackBerry's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	2/29/2016	2/28/2017	2/28/2018	2/28/2019	2/29/2020	2/28/2021	2/28/2022	2/28/2023	2/29/2024	2/28/2025	2/28/2026
Net Income / (Loss) Attributable to Common Shareholders	-208	-2,412	405	93	-152	-1,104	12	-734	-130	-79	53
Consolidated Net Income / (Loss)	-208	-1,206	405	93	-152	-1,104	12	-734	-130	-79	53
Net Income / (Loss) Continuing Operations	-208	-2,412	405	93	-152	-1,104	12	-216	5.60	-8.50	53
Total Pre-Tax Income	-282	-1,208	406	77	-148	-1,113	19	-202	30	8.50	59
Total Operating Income	-223	-1,181	283	60	-149	-1,107	-2.00	-207	11	0.80	48
Total Gross Profit	941	617	670	698	763	643	467	367	491	395	418
Total Revenue	2,160	2,618	932	904	1,040	893	718	526	759	535	549
Operating Revenue	2,160	1,309	932	904	1,040	893	718	526	759	535	549
Total Cost of Revenue	1,219	692	262	206	277	250	251	160	268	140	131
Operating Cost of Revenue	1,219	692	262	206	277	250	251	160	268	140	131
Total Operating Expenses	1,164	3,596	387	638	912	1,750	469	573	480	394	370
Selling, General & Admin Expense	653	553	476	409	493	344	114	172	187	160	129
Marketing Expense	-	-	-	-	-	-	183	103	104	96	114
Research & Development Expense	469	306	239	219	259	215	219	134	127	109	114
Depreciation Expense	277	186	153	136	194	182	165	27	27	18	11
Other Operating Expenses / (Income)	-430	24	-492	-126	-66	372	-212	-137	3.50	0.00	0.00
Impairment Charge	0.00	558	11	0.00	32	637	0.00	116	31	9.60	2.10
Other Special Charges / (Income)	195	171	0.00	-	-	0.00	0.00	159	0.00	2.80	0.00
Total Other Income / (Expense), net	-59	-54	123	17	1.00	-6.00	21	5.00	19	7.70	11
Interest & Investment Income	-59	-27	123	17	1.00	-6.00	21	5.00	19	7.70	11
Income Tax Expense	-74	-2.00	1.00	-16	4.00	-9.00	7.00	14	24	17	5.80
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-519	-136	-71	0.00
Basic Earnings per Share	($0.40)	($2.30)	$0.76	$0.17	($0.27)	($1.97)	$0.02	($1.27)	($0.22)	($0.13)	$0.09
Weighted Average Basic Shares Outstanding	521.17M	-	536.73M	547.36M	554.23M	565.54M	576.47M	582.18M	589.23M	596.23M	587.88M
Diluted Earnings per Share	($0.86)	($2.30)	$0.74	$0.00	($0.32)	($1.97)	($0.31)	($1.35)	($0.22)	($0.13)	$0.09
Weighted Average Diluted Shares Outstanding	521.17M	-	536.73M	547.36M	554.23M	565.54M	576.47M	582.18M	589.23M	596.23M	587.88M
Weighted Average Basic & Diluted Shares Outstanding	521.17M	-	536.73M	547.36M	554.23M	565.54M	576.47M	582.18M	589.23M	596.23M	587.88M

This table shows BlackBerry's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	8/31/2022	11/30/2022	2/28/2023	5/31/2023	8/31/2023	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025
Net Income / (Loss) Attributable to Common Shareholders	-54	-4.00	-495	-11	-42	-21	-56	-41	-20	-11	-7.00
Consolidated Net Income / (Loss)	-54	-4.00	-495	-11	-42	-21	-56	-41	-20	-11	-7.00
Net Income / (Loss) Continuing Operations	-54	-4.00	24	-11	-42	8.00	51	-17	3.50	12	41
Total Pre-Tax Income	-49	0.00	25	-8.00	-40	23	55	-8.90	4.90	19	42
Total Operating Income	-47	-2.00	19	-11	-47	18	51	-13	2.20	20	42
Total Gross Profit	106	109	48	179	85	119	108	90	89	112	93
Total Revenue	168	169	21	373	132	152	102	123	126	144	103
Operating Revenue	168	169	21	373	132	152	102	123	126	144	103
Total Cost of Revenue	62	60	-26	194	47	33	-5.60	33	38	31	10
Operating Cost of Revenue	62	60	-26	194	47	33	-5.60	33	38	31	10
Total Operating Expenses	153	111	28	190	132	101	57	103	86	93	51
Selling, General & Admin Expense	86	89	-85	54	30	45	58	40	33	36	49
Marketing Expense	-	-	-	45	43	25	-9.00	24	21	23	0.50
Research & Development Expense	54	52	-25	54	50	29	-5.90	31	27	28	2.80
Depreciation Expense	25	26	-51	15	14	6.00	-8.30	4.70	4.60	4.40	-9.30
Impairment Charge	4.00	0.00	112	0.00	1.00	9.00	21	3.50	0.60	0.60	5.60
Other Special Charges / (Income)	-6.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	2.80
Total Other Income / (Expense), net	-2.00	2.00	6.00	3.00	7.00	5.00	3.80	4.00	2.70	-0.60	-0.30
Interest & Investment Income	-2.00	2.00	6.00	3.00	7.00	5.00	3.80	4.00	2.70	-0.60	-0.30
Income Tax Expense	5.00	4.00	1.70	3.00	2.00	15	4.20	7.60	1.40	6.60	1.00
Basic Earnings per Share	($0.09)	($0.01)	($0.86)	($0.02)	($0.07)	($0.04)	($0.09)	($0.07)	($0.03)	($0.02)	($0.01)
Weighted Average Basic Shares Outstanding	577.42M	580.35M	582.18M	583.24M	583.71M	585.35M	589.23M	594.53M	590.36M	590.15M	596.23M
Diluted Earnings per Share	($0.10)	($0.09)	($0.81)	($0.02)	($0.07)	($0.05)	($0.08)	($0.07)	($0.03)	($0.02)	($0.01)
Weighted Average Diluted Shares Outstanding	577.42M	580.35M	582.18M	583.24M	583.71M	585.35M	589.23M	594.53M	590.36M	590.15M	596.23M
Weighted Average Basic & Diluted Shares Outstanding	577.42M	580.35M	582.18M	583.24M	583.71M	585.35M	589.23M	594.53M	590.36M	590.15M	596.23M

This table details how cash moves in and out of BlackBerry's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	2/29/2016	2/28/2017	2/28/2018	2/28/2019	2/29/2020	2/28/2021	2/28/2022	2/28/2023	2/29/2024	2/28/2025	2/28/2026
Net Change in Cash & Equivalents	-276	-222	106	-273	-156	-208	188	-84	-122	80	8.60
Net Cash From Operating Activities	257	-224	704	100	26	82	-28	-262	-3.50	17	50
Net Cash From Continuing Operating Activities	257	-224	740	100	26	82	-28	-262	-3.50	17	50
Net Income / (Loss) Continuing Operations	-208	-1,206	405	93	-152	-1,104	12	-734	-130	-79	53
Consolidated Net Income / (Loss)	-208	-1,206	405	93	-152	-1,104	12	-734	-130	-79	53
Depreciation Expense	616	239	177	149	212	198	176	105	59	45	18
Non-Cash Adjustments To Reconcile Net Income	-159	813	272	-90	24	1,044	-217	361	223	16	15
Changes in Operating Assets and Liabilities, net	8.00	-70	-114	-52	-58	-56	1.00	6.20	-154	35	-36
Net Cash From Investing Activities	-439	724	-630	-375	-188	-65	207	175	47	61	16
Net Cash From Continuing Investing Activities	-439	724	-630	-375	-188	-65	207	175	47	61	16
Purchase of Property, Plant & Equipment	-32	-17	-15	-17	-12	-8.00	-8.00	-7.30	-7.10	-3.10	-3.80
Acquisitions	-768	-57	-30	-1,434	-32	-36	-31	-34	-14	-7.00	-5.70
Purchase of Investments	-3,090	-1,796	-3,526	-2,897	-1,181	-1,068	-917	-517	-156	-155	-154
Sale of Property, Plant & Equipment	4.00	95	3.00	1.00	-	0.00	0.00	17	0.00	0.00	0.00
Sale and/or Maturity of Investments	3,447	2,499	2,938	3,972	1,036	1,047	1,163	716	224	146	141
Other Investing Activities, net	-	-	0.00	0.00	1.00	0.00	0.00	-	0.00	80	38
Net Cash From Financing Activities	-78	-721	-10	5.00	7.00	-227	10	6.00	-165	3.10	-58
Net Cash From Continuing Financing Activities	-78	-721	-10	5.00	7.00	-227	10	6.00	-165	3.10	-58
Repayment of Debt	12	-	0.00	0.00	0.00	-610	0.00	0.00	-515	0.00	0.00
Repurchase of Common Equity	-93	0.00	-18	0.00	-	-	-	-	0.00	0.00	-61
Issuance of Debt	0.00	605	-	0.00	0.00	365	0.00	0.00	344	0.00	0.00
Issuance of Common Equity	4.00	5.00	8.00	5.00	9.00	19	10	6.10	5.90	3.10	2.50
Other Financing Activities, net	-1.00	-16	0.00	0.00	-2.00	-1.00	0.00	-0.10	0.00	0.00	0.00
Effect of Exchange Rate Changes	-16	-1.00	6.00	-3.00	-1.00	2.00	-1.00	-2.90	0.20	-0.50	0.90

This table details how cash moves in and out of BlackBerry's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	8/31/2022	11/30/2022	2/28/2023	5/31/2023	8/31/2023	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025
Net Change in Cash & Equivalents	39	-176	40	63	58	-208	-35	-41	28	12	80
Net Cash From Operating Activities	-24	-187	-9.20	99	-56	-31	-16	-15	-13	3.00	42
Net Cash From Continuing Operating Activities	-24	-187	-9.20	99	-56	-31	-16	-15	-13	3.00	42
Net Income / (Loss) Continuing Operations	-54	-4.00	-495	-11	-42	-21	-56	-41	-19	-11	-7.00
Consolidated Net Income / (Loss)	-54	-4.00	-495	-11	-42	-21	-56	-41	-19	-11	-7.00
Depreciation Expense	28	28	20	16	16	14	13	13	13	13	5.70
Non-Cash Adjustments To Reconcile Net Income	-8.00	-47	457	177	2.00	3.00	41	5.60	6.00	5.00	-0.70
Changes in Operating Assets and Liabilities, net	10	-164	9.20	-83	-32	-27	-12	7.50	-13	-4.00	44
Net Cash From Investing Activities	64	9.00	49	-38	114	36	-65	-27	41	7.00	39
Net Cash From Continuing Investing Activities	64	9.00	49	-38	114	36	-65	-27	41	7.00	39
Purchase of Property, Plant & Equipment	-3.00	-1.00	-2.30	-2.00	-1.00	-2.00	-2.10	-1.40	-2.00	-	-0.10
Acquisitions	-8.00	-8.00	-9.60	-8.00	-2.00	-2.00	-1.80	-1.50	-3.00	-2.00	-1.00
Purchase of Investments	-111	-120	-122	-67	-26	-1.00	-62	-49	-23	-20	-63
Sale and/or Maturity of Investments	169	138	183	39	143	41	0.50	25	69	29	23
Net Cash From Financing Activities	-	3.00	-	2.00	-	-213	46	1.50	-	2.00	0.10
Net Cash From Continuing Financing Activities	-	3.00	-	2.00	-	-213	46	1.50	-	2.00	0.10
Issuance of Common Equity	-	3.00	0.10	2.00	-	2.00	1.90	1.50	-	2.00	0.10

This table presents BlackBerry's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	2/29/2016	2/28/2017	2/28/2018	2/28/2019	2/29/2020	2/28/2021	2/28/2022	2/28/2023	2/29/2024	2/28/2025	2/28/2026
Total Assets	5,534	3,296	3,780	3,968	3,888	2,818	2,567	1,679	1,395	1,296	1,245
Total Current Assets	3,011	1,717	2,545	1,233	1,196	1,006	1,043	743	508	592	568
Cash & Equivalents	957	734	816	548	377	214	378	295	175	267	275
Short-Term Investments	1,420	644	1,443	368	532	525	334	131	62	71	85
Accounts Receivable	389	227	222	252	229	207	163	132	220	222	164
Current Deferred & Refundable Income Taxes	0.00	31	26	9.00	6.00	10	9.00	3.00	3.60	1.60	2.60
Other Current Assets	102	55	38	56	52	50	159	182	35	30	42
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	12	0.00	0.00
Plant, Property, & Equipment, net	412	91	64	85	70	48	41	25	21	13	12
Total Noncurrent Assets	2,111	1,488	1,171	2,650	2,622	1,764	1,483	911	866	691	665
Long-Term Investments	197	269	55	55	81	65	30	34	36	59	58
Goodwill	618	559	569	1,463	1,437	849	844	595	475	472	479
Intangible Assets	1,213	602	477	1,068	915	771	522	203	58	47	40
Other Noncurrent Operating Assets	50	51	28	62	189	79	87	79	112	112	87
Other Noncurrent Nonoperating Assets	-	-	39	-	-	-	-	-	187	0.00	0.00
Total Liabilities & Shareholders' Equity	5,534	3,296	3,780	3,968	3,888	2,818	2,567	1,679	1,395	1,296	1,245
Total Liabilities	2,326	1,239	1,275	1,332	1,359	1,314	1,011	822	620	576	499
Total Current Liabilities	1,039	621	411	510	1,121	429	397	729	357	344	268
Accounts Payable	270	128	46	48	31	20	22	24	17	31	5.50
Accrued Expenses	368	240	205	192	202	178	157	143	114	126	112
Current Deferred Revenue	392	239	142	253	264	225	207	175	149	162	139
Current Deferred & Payable Income Tax Liabilities	9.00	14	18	17	18	6.00	11	20	28	26	12
Other Current Liabilities	-	-	-	0.00	606	-	0.00	367	0.00	0.00	0.00
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	49	0.00	0.00
Total Noncurrent Liabilities	1,287	618	864	822	238	885	614	93	263	231	231
Long-Term Debt	1,277	591	782	665	0.00	720	507	0.00	194	195	197
Noncurrent Deferred Revenue	-	-	53	136	109	69	37	40	15	5.60	14
Noncurrent Deferred & Payable Income Tax Liabilities	10	9.00	6.00	2.00	-	-	-	-	-	0.00	0.00
Other Noncurrent Operating Liabilities	-	18	23	19	129	96	70	53	41	31	21
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	-	13	0.00	0.00
Total Equity & Noncontrolling Interests	3,208	2,057	2,505	2,636	2,529	1,504	1,556	857	775	720	746
Total Preferred & Common Equity	3,208	2,057	2,505	2,636	2,529	1,504	1,556	857	775	720	746
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,208	2,057	2,505	2,636	2,529	1,504	1,556	857	775	720	746
Common Stock	2,448	2,512	2,560	2,688	2,760	2,823	2,869	2,909	2,948	2,976	2,924
Retained Earnings	768	-438	-45	-32	-198	-1,306	-1,294	-2,028	-2,158	-2,237	-2,167
Accumulated Other Comprehensive Income / (Loss)	-8.00	-17	-10	-20	-33	-13	-19	-24	-14	-19	-11

This table presents BlackBerry's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	11/30/2021	5/31/2022	8/31/2022	11/30/2022	5/31/2023	8/31/2023	11/30/2023	5/31/2025	8/31/2025	11/30/2025
Total Assets	2,599	2,460	2,381	2,194	1,674	1,613	1,400	1,210	1,184	1,218
Total Current Assets	929	964	940	769	696	645	450	533	507	543
Cash & Equivalents	271	391	431	255	358	415	210	276	276	270
Short-Term Investments	442	272	212	194	158	41	0.00	31	14	34
Accounts Receivable	155	123	115	140	125	135	191	182	174	198
Current Deferred & Refundable Income Taxes	9.00	9.00	9.00	5.00	3.00	5.00	5.00	1.70	2.60	2.40
Other Current Assets	52	169	173	175	52	49	44	43	40	38
Other Current Nonoperating Assets	-	-	-	-	-	-	-	0.00	0.00	0.00
Plant, Property, & Equipment, net	42	38	27	26	24	22	22	13	12	12
Total Noncurrent Assets	1,628	1,458	1,414	1,399	954	946	928	665	665	664
Long-Term Investments	59	58	29	29	35	35	36	59	59	59
Goodwill	845	841	837	839	596	597	597	477	479	478
Intangible Assets	662	505	473	450	192	181	163	44	42	41
Other Noncurrent Operating Assets	62	54	75	81	131	133	132	85	85	85
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	0.00	0.00	0.00
Total Liabilities & Shareholders' Equity	2,599	2,460	2,381	2,194	1,674	1,613	1,400	1,210	1,184	1,218
Total Liabilities	1,200	1,075	1,051	855	815	784	575	485	459	477
Total Current Liabilities	409	521	516	767	736	713	508	253	230	253
Accounts Payable	26	14	20	21	21	18	17	5.20	4.00	13
Accrued Expenses	178	304	300	154	128	117	125	83	84	106
Current Deferred Revenue	194	190	179	179	177	174	183	136	129	121
Current Deferred & Payable Income Tax Liabilities	11	13	17	21	21	21	33	29	14	13
Other Current Liabilities	0.00	0.00	0.00	392	389	383	150	0.00	0.00	0.00
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	0.00	0.00	0.00
Total Noncurrent Liabilities	791	554	535	88	79	71	67	232	229	224
Long-Term Debt	673	459	449	0.00	0.00	0.00	0.00	196	196	196
Noncurrent Deferred Revenue	41	32	30	30	26	21	19	8.80	6.70	4.80
Other Noncurrent Operating Liabilities	77	63	56	58	53	50	48	28	26	23
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,399	1,385	1,330	1,339	859	829	825	725	725	741
Total Preferred & Common Equity	1,399	1,385	1,330	1,339	859	829	825	725	725	741
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,399	1,385	1,330	1,339	859	829	825	725	725	741
Common Stock	2,857	2,880	2,887	2,898	2,920	2,931	2,941	2,971	2,951	2,954
Retained Earnings	-1,438	-1,475	-1,529	-1,533	-2,039	-2,081	-2,102	-2,233	-2,214	-2,200
Accumulated Other Comprehensive Income / (Loss)	-20	-20	-28	-26	-22	-21	-14	-13	-12	-13

This table displays calculated financial ratios and metrics derived from BlackBerry's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	2/29/2016	2/28/2017	2/28/2018	2/28/2019	2/29/2020	2/28/2021	2/28/2022	2/28/2023	2/29/2024	2/28/2025	2/28/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	590,147,550.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	590,147,550.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.09
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-35.23%	-39.40%	-28.80%	-3.00%	15.04%	-14.13%	-19.60%	-26.70%	44.23%	-29.54%	2.65%
EBITDA Growth	45.02%	-339.69%	148.83%	-54.57%	-69.86%	-1,542.86%	119.14%	-158.68%	168.07%	-34.53%	45.27%
EBIT Growth	47.28%	-429.60%	123.96%	-78.80%	-348.33%	-642.95%	99.82%	-10,240.00%	105.32%	-92.73%	5,937.50%
NOPAT Growth	47.28%	-429.60%	134.15%	-74.33%	-243.93%	-642.95%	99.84%	-11,360.17%	101.43%	-138.70%	5,543.98%
Net Income Growth	31.58%	-479.81%	133.58%	-77.04%	-263.44%	-626.32%	101.09%	-6,220.00%	82.27%	39.32%	167.34%
EPS Growth	-48.28%	-167.44%	132.17%	-100.00%	0.00%	-515.63%	84.26%	-335.48%	83.70%	40.91%	169.23%
Operating Cash Flow Growth	-68.39%	-187.16%	414.29%	-85.80%	-74.00%	215.38%	-134.15%	-836.43%	98.67%	571.43%	204.85%
Free Cash Flow Firm Growth	-137.09%	161.21%	319.33%	-478.91%	148.18%	-195.17%	116.10%	697.28%	-120.76%	125.66%	-9.03%
Invested Capital Growth	-1.04%	-47.62%	-6.69%	149.46%	-31.85%	-10.58%	-6.97%	-69.95%	41.26%	-7.54%	1.12%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-7.46%	-3.36%	-23.72%	-6.05%	-14.82%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-43.38%	164.44%	-361.79%	114.69%	161.49%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-32.57%	99.57%	-158.50%	102.04%	100.63%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-32.57%	99.61%	-158.50%	100.55%	99.09%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-33.01%	102.68%	-673.05%	77.12%	38.28%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-34.01%	68.04%	-206.82%	76.84%	35.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	28.13%	-286.67%	-7.46%	-275.00%	141.25%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	244.37%	103.46%	-69.71%	167.81%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-8.68%	1.62%	-53.89%	-3.14%	-6.07%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.56%	47.14%	71.89%	77.21%	73.37%	72.00%	65.04%	69.66%	64.64%	73.83%	76.16%
EBITDA Margin	18.19%	-71.96%	49.36%	23.12%	6.06%	-101.79%	24.23%	-19.40%	9.16%	8.51%	12.04%
Operating Margin	-10.32%	-90.22%	30.36%	6.64%	-14.33%	-123.96%	-0.28%	-39.29%	1.45%	0.15%	8.80%
EBIT Margin	-10.32%	-90.22%	30.36%	6.64%	-14.33%	-123.96%	-0.28%	-39.29%	1.45%	0.15%	8.80%
Profit (Net Income) Margin	-9.63%	-92.13%	43.45%	10.29%	-14.62%	-123.63%	1.67%	-139.54%	-17.15%	-14.77%	9.69%
Tax Burden Percent	73.76%	99.83%	99.75%	120.78%	102.70%	99.19%	63.16%	363.92%	-436.91%	-929.41%	90.17%
Interest Burden Percent	126.46%	102.29%	143.46%	128.33%	99.33%	100.54%	-950.00%	97.58%	270.91%	1,062.50%	122.15%
Effective Tax Rate	0.00%	0.00%	0.25%	-20.78%	0.00%	0.00%	36.84%	0.00%	81.21%	200.00%	9.83%
Return on Invested Capital (ROIC)	-8.13%	-56.78%	29.18%	4.44%	-5.32%	-51.52%	-0.09%	-16.85%	0.43%	-0.15%	8.35%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.41%	-24.54%	19.84%	2.25%	2.33%	12.69%	-8.41%	152.83%	39.66%	37.48%	3.79%
Return on Net Nonoperating Assets (RNNOA)	1.86%	10.97%	-11.42%	-0.82%	-0.56%	-3.23%	0.88%	-44.02%	-16.39%	-10.42%	-1.09%
Return on Equity (ROE)	-6.27%	-45.81%	17.76%	3.62%	-5.89%	-54.75%	0.78%	-60.87%	-15.95%	-10.57%	7.26%
Cash Return on Invested Capital (CROIC)	-7.08%	5.72%	36.10%	-81.10%	32.55%	-40.35%	7.13%	90.71%	-33.77%	7.69%	7.24%
Operating Return on Assets (OROA)	-3.69%	-26.75%	8.00%	1.55%	-3.79%	-33.02%	-0.07%	-9.74%	0.72%	0.06%	3.80%
Return on Assets (ROA)	-3.44%	-27.32%	11.45%	2.40%	-3.87%	-32.93%	0.45%	-34.59%	-8.47%	-5.87%	4.19%
Return on Common Equity (ROCE)	-6.27%	-45.81%	17.76%	3.62%	-5.89%	-54.75%	0.78%	-60.87%	-15.95%	-10.57%	7.26%
Return on Equity Simple (ROE_SIMPLE)	-6.48%	-58.63%	16.17%	3.53%	-6.01%	-73.40%	0.77%	-85.69%	-16.80%	-10.97%	0.00%
Net Operating Profit after Tax (NOPAT)	-156	-827	282	72	-104	-775	-1.26	-145	2.07	-0.80	44
NOPAT Margin	-7.23%	-63.16%	30.29%	8.02%	-10.03%	-86.77%	-0.18%	-27.51%	0.27%	-0.15%	7.93%
Net Nonoperating Expense Percent (NNEP)	-3.71%	-32.24%	9.34%	2.19%	-7.65%	-64.21%	8.32%	-169.68%	-39.23%	-37.62%	4.56%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-16.89%	0.21%	-0.09%	4.62%
Cost of Revenue to Revenue	56.44%	52.86%	28.11%	22.79%	26.63%	28.00%	34.96%	30.34%	35.36%	26.17%	23.84%
SG&A Expenses to Revenue	30.23%	42.25%	51.07%	45.24%	47.40%	38.52%	15.88%	32.68%	24.66%	29.86%	23.46%
R&D to Revenue	21.71%	23.38%	25.64%	24.23%	24.90%	24.08%	30.50%	25.50%	16.74%	20.34%	20.69%
Operating Expenses to Revenue	53.89%	137.36%	41.52%	70.58%	87.69%	195.97%	65.32%	108.95%	63.19%	73.68%	67.36%
Earnings before Interest and Taxes (EBIT)	-223	-1,181	283	60	-149	-1,107	-2.00	-207	11	0.80	48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	393	-942	460	209	63	-909	174	-102	70	46	66
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.29	1.76	2.57	1.77	1.12	3.76	2.53	2.63	2.10	3.87	2.68
Price to Tangible Book Value (P/TBV)	3.00	4.05	4.41	44.47	15.99	0.00	20.74	38.17	6.69	13.92	8.82
Price to Revenue (P/Rev)	1.91	2.77	6.91	5.17	2.72	6.33	5.49	4.28	2.14	5.21	3.64
Price to Earnings (P/E)	0.00	0.00	15.90	50.21	0.00	0.00	328.43	0.00	0.00	0.00	37.61
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	6.29%	1.99%	0.00%	0.00%	0.30%	0.00%	0.00%	0.00%	2.66%
Enterprise Value to Invested Capital (EV/IC)	1.48	2.57	5.26	1.87	1.19	3.92	2.81	4.51	2.76	4.99	3.39
Enterprise Value to Revenue (EV/Rev)	1.31	1.96	5.27	4.83	1.82	6.24	5.16	3.40	2.04	4.83	3.24
Enterprise Value to EBITDA (EV/EBITDA)	7.21	0.00	10.67	20.88	29.98	0.00	21.30	0.00	22.28	56.81	26.91
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	17.34	72.73	0.00	0.00	0.00	0.00	140.78	3,231.20	36.83
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	17.39	60.21	0.00	0.00	0.00	0.00	749.15	0.00	40.85
Enterprise Value to Operating Cash Flow (EV/OCF)	11.02	0.00	6.97	43.64	72.65	67.93	0.00	0.00	0.00	156.66	35.37
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	30.87	14.05	0.00	2.96	0.00	37.92	2.30	0.00	62.29	47.12
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.40	0.29	0.31	0.25	0.00	0.48	0.33	0.00	0.25	0.27	0.26
Long-Term Debt to Equity	0.40	0.29	0.31	0.25	0.00	0.48	0.33	0.00	0.25	0.27	0.26
Financial Leverage	-0.42	-0.45	-0.58	-0.37	-0.24	-0.25	-0.10	-0.29	-0.41	-0.28	-0.29
Leverage Ratio	1.82	1.68	1.55	1.51	1.52	1.66	1.76	1.76	1.88	1.80	1.73
Compound Leverage Factor	2.30	1.72	2.23	1.93	1.51	1.67	-16.72	1.72	5.10	19.12	2.12
Debt to Total Capital	28.47%	22.32%	23.79%	20.15%	0.00%	32.37%	24.58%	0.00%	20.03%	21.34%	20.85%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	28.47%	22.32%	23.79%	20.15%	0.00%	32.37%	24.58%	0.00%	20.03%	21.34%	20.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	71.53%	77.68%	76.21%	79.85%	100.00%	67.63%	75.42%	100.00%	79.97%	78.66%	79.15%
Debt to EBITDA	3.25	-0.63	1.70	3.18	0.00	-0.79	2.91	0.00	2.79	4.29	2.97
Net Debt to EBITDA	-3.30	1.12	-3.33	-1.46	0.00	0.09	-1.35	0.00	-1.13	-4.43	-3.35
Long-Term Debt to EBITDA	3.25	-0.63	1.70	3.18	0.00	-0.79	2.91	0.00	2.79	4.29	2.97
Debt to NOPAT	-8.18	-0.71	2.77	9.18	0.00	-0.93	-401.38	0.00	93.90	-244.13	4.51
Net Debt to NOPAT	8.31	1.28	-5.43	-4.22	0.00	0.11	186.04	0.00	-38.07	251.75	-5.09
Long-Term Debt to NOPAT	-8.18	-0.71	2.77	9.18	0.00	-0.93	-401.38	0.00	93.90	-244.13	4.51
Altman Z-Score	1.94	1.18	4.19	2.59	1.34	1.20	2.21	-0.13	0.11	1.13	0.83
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.90	2.76	6.19	2.42	1.07	2.35	2.63	1.02	1.42	1.72	2.12
Quick Ratio	2.66	2.58	6.04	2.29	1.02	2.21	2.20	0.77	1.28	1.63	1.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-136	83	349	-1,324	638	-607	98	779	-162	42	38
Operating Cash Flow to CapEx	917.86%	0.00%	5,866.67%	625.00%	216.67%	1,025.00%	-350.00%	0.00%	-49.30%	532.26%	1,323.68%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.30	0.26	0.23	0.26	0.27	0.27	0.25	0.49	0.40	0.43
Accounts Receivable Turnover	4.37	4.25	4.15	3.81	4.32	4.10	3.88	3.57	4.31	2.42	2.85
Inventory Turnover	9.20	8.19	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	4.46	5.20	12.03	12.13	13.42	15.14	16.13	15.95	32.86	30.92	42.73
Accounts Payable Turnover	4.83	3.48	3.01	4.38	7.01	9.80	11.95	6.94	13.16	5.85	7.15
Days Sales Outstanding (DSO)	83.56	85.88	87.92	95.69	84.41	89.10	94.05	102.29	84.65	150.87	128.16
Days Inventory Outstanding (DIO)	39.67	44.57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	75.61	104.96	121.20	83.28	52.05	37.23	30.54	52.57	27.74	62.44	51.03
Cash Conversion Cycle (CCC)	47.63	25.49	-33.28	12.41	32.36	51.87	63.51	49.73	56.91	88.43	77.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,911	1,001	934	2,330	1,588	1,420	1,321	397	561	519	524
Invested Capital Turnover	1.12	0.90	0.96	0.55	0.53	0.59	0.52	0.61	1.59	0.99	1.05
Increase / (Decrease) in Invested Capital	-20	-910	-67	1,396	-742	-168	-99	-924	164	-42	5.80
Enterprise Value (EV)	2,833	2,571	4,908	4,364	1,889	5,570	3,706	1,792	1,549	2,585	1,779
Market Capitalization	4,130	3,627	6,440	4,670	2,830	5,654	3,941	2,252	1,627	2,786	2,001
Book Value per Share	$6.07	$3.95	$4.72	$4.91	$4.62	$2.67	$2.71	$1.48	$1.32	$1.22	$1.26
Tangible Book Value per Share	$2.60	$1.72	$2.75	$0.20	$0.32	($0.21)	$0.33	$0.10	$0.42	$0.34	$0.38
Total Capital	4,485	2,648	3,287	3,301	2,529	2,224	2,063	857	969	915	943
Total Debt	1,277	591	782	665	0.00	720	507	0.00	194	195	197
Total Long-Term Debt	1,277	591	782	665	0.00	720	507	0.00	194	195	197
Net Debt	-1,297	-1,056	-1,532	-306	-941	-84	-235	-460	-79	-201	-222
Capital Expenditures (CapEx)	28	-78	12	16	12	8.00	8.00	-9.80	7.10	3.10	3.80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-405	-282	-125	-193	-834	-162	-66	-412	-87	-91	-60
Debt-free Net Working Capital (DFNWC)	1,972	1,096	2,134	723	75	577	646	14	151	247	300
Net Working Capital (NWC)	1,972	1,096	2,134	723	75	577	646	14	151	247	300
Net Nonoperating Expense (NNE)	52	379	-123	-21	48	329	-13	590	132	78	-9.65
Net Nonoperating Obligations (NNO)	-1,297	-1,056	-1,571	-306	-941	-84	-235	-460	-214	-201	-222
Total Depreciation and Amortization (D&A)	616	239	177	149	212	198	176	105	59	45	18
Debt-free, Cash-free Net Working Capital to Revenue	-18.75%	-21.54%	-13.41%	-21.35%	-80.19%	-18.14%	-9.19%	-78.28%	-11.40%	-16.94%	-10.89%
Debt-free Net Working Capital to Revenue	91.30%	83.73%	228.97%	79.98%	7.21%	64.61%	89.97%	2.66%	19.84%	46.21%	54.65%
Net Working Capital to Revenue	91.30%	83.73%	228.97%	79.98%	7.21%	64.61%	89.97%	2.66%	19.84%	46.21%	54.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($2.30)	$0.76	$0.17	($0.27)	($1.97)	$0.02	($1.27)	($0.22)	($0.13)	$0.09
Adjusted Weighted Average Basic Shares Outstanding	521.17M	530.50M	536.73M	547.36M	554.23M	565.54M	576.47M	582.18M	589.23M	596.23M	587.88M
Adjusted Diluted Earnings per Share	$0.00	($2.30)	$0.74	$0.00	($0.32)	($1.97)	($0.31)	($1.35)	($0.22)	($0.13)	$0.09
Adjusted Weighted Average Diluted Shares Outstanding	521.17M	530.50M	536.73M	547.36M	554.23M	565.54M	576.47M	582.18M	589.23M	596.23M	587.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	521.17M	530.50M	536.73M	547.36M	554.23M	565.54M	576.47M	582.18M	589.23M	596.23M	587.88M
Normalized Net Operating Profit after Tax (NOPAT)	-20	-316	293	42	-82	-329	-1.26	47	30	9.24	45
Normalized NOPAT Margin	-0.91%	-24.17%	31.47%	4.65%	-7.88%	-36.84%	-0.18%	9.02%	3.89%	1.73%	8.28%
Pre Tax Income Margin	-13.06%	-92.28%	43.56%	8.52%	-14.23%	-124.64%	2.65%	-38.34%	3.93%	1.59%	10.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-44.71%	0.00%	4.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	114.10%

This table displays calculated financial ratios and metrics derived from BlackBerry's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	8/31/2022	11/30/2022	2/28/2023	5/31/2023	8/31/2023	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.00%	-8.15%	-88.49%	122.02%	-21.43%	-10.06%	379.34%	-61.39%	9.85%	-5.92%	0.78%
EBITDA Growth	79.57%	-72.92%	-78.39%	103.38%	-63.16%	23.08%	63.24%	-620.00%	74.19%	0.00%	-25.20%
EBIT Growth	66.67%	-103.92%	-86.85%	93.79%	0.00%	1,000.00%	165.63%	-254.55%	55.32%	5.56%	-18.04%
NOPAT Growth	66.67%	-102.82%	-87.65%	93.79%	0.00%	547.21%	163.01%	-254.55%	55.32%	91.67%	-13.38%
Net Income Growth	62.50%	-105.41%	-444.03%	93.92%	22.22%	-425.00%	88.66%	-281.82%	54.76%	47.62%	87.54%
EPS Growth	60.00%	-80.00%	-910.00%	94.29%	30.00%	44.44%	90.12%	-250.00%	57.14%	60.00%	87.50%
Operating Cash Flow Growth	-260.00%	-884.21%	-202.22%	335.71%	-133.33%	83.42%	-68.48%	-115.15%	76.79%	109.68%	367.74%
Free Cash Flow Firm Growth	142.68%	43.64%	286.04%	420.50%	291.33%	-34.13%	-112.39%	-148.22%	-148.32%	-86.47%	171.20%
Invested Capital Growth	-16.64%	-33.77%	-69.95%	-72.57%	-69.47%	-32.75%	41.26%	117.53%	100.89%	-4.66%	-7.54%
Revenue Q/Q Growth	0.00%	0.60%	-87.40%	147.02%	-64.61%	15.15%	-32.83%	-16.76%	0.69%	-1.38%	-28.04%
EBITDA Q/Q Growth	87.16%	236.84%	49.62%	101.04%	-720.00%	203.23%	98.44%	39.53%	69.23%	500.00%	48.44%
EBIT Q/Q Growth	73.45%	95.74%	1,060.00%	97.80%	-327.27%	138.30%	183.33%	30.36%	46.15%	190.48%	120.00%
NOPAT Q/Q Growth	73.45%	95.74%	1,378.91%	97.80%	-327.27%	119.03%	652.15%	30.36%	46.15%	181.63%	239.94%
Net Income Q/Q Growth	70.17%	92.59%	-12,285.00%	97.78%	-281.82%	50.00%	-167.62%	25.00%	54.76%	42.11%	36.36%
EPS Q/Q Growth	71.43%	10.00%	-800.00%	97.53%	-250.00%	28.57%	-60.00%	12.50%	57.14%	33.33%	50.00%
Operating Cash Flow Q/Q Growth	42.86%	-679.17%	95.08%	1,090.00%	-156.57%	44.64%	50.00%	0.00%	13.33%	123.08%	1,283.33%
Free Cash Flow Firm Q/Q Growth	21.28%	132.64%	115.24%	40.47%	-8.82%	-60.84%	-140.49%	-14.77%	8.63%	110.96%	113.06%
Invested Capital Q/Q Growth	-1.42%	-22.22%	-53.89%	-22.42%	9.74%	71.30%	-3.14%	-3.87%	1.34%	-18.70%	-6.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	63.10%	64.50%	223.47%	47.99%	64.39%	78.29%	105.48%	66.67%	64.83%	78.32%	90.28%
EBITDA Margin	-11.31%	15.38%	182.63%	1.34%	-23.48%	21.05%	62.19%	-18.06%	-5.52%	22.38%	46.16%
Operating Margin	-27.98%	-1.18%	90.14%	-2.95%	-35.61%	11.84%	49.95%	-27.08%	-14.48%	13.29%	40.62%
EBIT Margin	-27.98%	-1.18%	90.14%	-2.95%	-35.61%	11.84%	49.95%	-27.08%	-14.48%	13.29%	40.62%
Profit (Net Income) Margin	-32.14%	-2.37%	-2,325.82%	-2.95%	-31.82%	-13.82%	-55.04%	-29.17%	-13.10%	-7.69%	-6.80%
Tax Burden Percent	110.20%	0.00%	-1,965.87%	137.50%	105.00%	-91.30%	-102.55%	123.53%	105.56%	-57.89%	-16.87%
Interest Burden Percent	104.26%	0.00%	131.25%	72.73%	85.11%	127.78%	107.45%	87.18%	85.71%	100.00%	99.28%
Effective Tax Rate	0.00%	0.00%	6.75%	0.00%	0.00%	65.22%	7.66%	0.00%	0.00%	36.84%	2.41%
Return on Invested Capital (ROIC)	-11.34%	-0.53%	51.50%	-2.48%	-28.46%	4.62%	73.11%	-24.19%	-12.70%	9.32%	39.29%
ROIC Less NNEP Spread (ROIC-NNEP)	8.47%	0.37%	199.22%	-1.67%	-25.91%	12.15%	103.75%	-19.47%	-11.12%	20.30%	62.29%
Return on Net Nonoperating Assets (RNNOA)	-0.68%	-0.08%	-57.38%	0.61%	8.57%	-4.07%	-42.86%	7.58%	3.87%	-5.49%	-17.32%
Return on Equity (ROE)	-12.02%	-0.61%	-5.88%	-1.88%	-19.89%	0.56%	30.25%	-16.61%	-8.82%	3.83%	21.97%
Cash Return on Invested Capital (CROIC)	16.60%	35.45%	90.71%	59.22%	52.28%	-13.24%	-33.77%	-95.93%	-84.54%	-10.82%	7.69%
Operating Return on Assets (OROA)	-7.87%	-0.34%	22.35%	-1.23%	-14.71%	5.32%	24.67%	-11.28%	-6.34%	6.16%	16.15%
Return on Assets (ROA)	-9.04%	-0.68%	-576.58%	-1.23%	-13.14%	-6.21%	-27.19%	-12.15%	-5.73%	-3.57%	-2.70%
Return on Common Equity (ROCE)	-12.02%	-0.61%	-5.88%	-1.88%	-19.89%	0.56%	30.25%	-16.61%	-8.82%	3.83%	21.97%
Return on Equity Simple (ROE_SIMPLE)	-1.28%	-7.09%	0.00%	-65.66%	-66.59%	-68.97%	0.00%	-21.70%	-18.85%	-17.66%	0.00%
Net Operating Profit after Tax (NOPAT)	-33	-1.40	18	-7.70	-33	6.26	47	-27	-15	12	41
NOPAT Margin	-19.58%	-0.83%	84.06%	-2.06%	-24.92%	4.12%	46.12%	-18.96%	-10.14%	8.39%	39.64%
Net Nonoperating Expense Percent (NNEP)	-19.81%	-0.90%	-147.71%	-0.81%	-2.55%	-7.53%	-30.64%	-4.72%	-1.58%	-10.98%	-22.99%
Return On Investment Capital (ROIC_SIMPLE)	-	-	2.09%	-	-	0.76%	4.86%	-	-	1.30%	4.46%
Cost of Revenue to Revenue	36.90%	35.50%	-123.47%	52.01%	35.61%	21.71%	-5.48%	33.33%	35.17%	21.68%	9.72%
SG&A Expenses to Revenue	51.19%	52.66%	-399.06%	14.48%	22.73%	29.61%	57.00%	27.78%	22.76%	26.57%	47.33%
R&D to Revenue	32.14%	30.77%	-116.43%	14.48%	37.88%	19.08%	-5.78%	29.17%	25.52%	18.88%	2.72%
Operating Expenses to Revenue	91.07%	65.68%	133.33%	50.94%	100.00%	66.45%	55.53%	93.75%	79.31%	65.04%	49.66%
Earnings before Interest and Taxes (EBIT)	-47	-2.00	19	-11	-47	18	51	-39	-21	19	42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-19	26	39	5.00	-31	32	64	-26	-8.00	32	48
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.58	2.10	2.63	3.63	3.91	2.60	2.10	2.22	1.89	2.09	3.87
Price to Tangible Book Value (P/TBV)	171.42	56.24	38.17	43.87	63.58	32.96	6.69	45.67	42.03	7.55	13.92
Price to Revenue (P/Rev)	4.86	4.08	4.28	3.62	3.93	2.65	2.14	2.63	2.18	2.42	5.21
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.90	2.71	4.51	8.32	8.14	3.28	2.76	2.35	1.96	2.64	4.99
Enterprise Value to Revenue (EV/Rev)	4.55	3.38	3.40	2.98	3.34	2.35	2.04	2.52	2.09	2.32	4.83
Enterprise Value to EBITDA (EV/EBITDA)	29.41	59.85	0.00	0.00	0.00	0.00	22.28	0.00	0.00	0.00	56.81
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	140.78	0.00	0.00	0.00	3,231.20
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	749.15	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	948.10	0.00	0.00	0.00	0.00	156.66
Enterprise Value to Free Cash Flow (EV/FCFF)	15.86	6.09	2.30	6.05	7.29	0.00	0.00	0.00	0.00	0.00	62.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.00	0.00	0.00	0.00	0.00	0.25	0.26	0.27	0.27	0.27
Long-Term Debt to Equity	0.34	0.00	0.00	0.00	0.00	0.00	0.25	0.26	0.27	0.27	0.27
Financial Leverage	-0.08	-0.21	-0.29	-0.36	-0.33	-0.33	-0.41	-0.39	-0.35	-0.27	-0.28
Leverage Ratio	1.89	1.75	1.76	1.84	1.85	1.66	1.88	1.87	1.87	1.75	1.80
Compound Leverage Factor	1.97	0.00	2.31	1.34	1.57	2.12	2.02	1.63	1.60	1.75	1.79
Debt to Total Capital	25.24%	0.00%	0.00%	0.00%	0.00%	0.00%	20.03%	20.73%	21.04%	21.20%	21.34%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	25.24%	0.00%	0.00%	0.00%	0.00%	0.00%	20.03%	20.73%	21.04%	21.20%	21.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.76%	100.00%	100.00%	100.00%	100.00%	100.00%	79.97%	79.27%	78.96%	78.80%	78.66%
Debt to EBITDA	4.12	0.00	0.00	0.00	0.00	0.00	2.79	-2.00	-2.64	-2.64	4.29
Net Debt to EBITDA	-2.05	0.00	0.00	0.00	0.00	0.00	-1.13	0.74	0.72	0.81	-4.43
Long-Term Debt to EBITDA	4.12	0.00	0.00	0.00	0.00	0.00	2.79	-2.00	-2.64	-2.64	4.29
Debt to NOPAT	-23.76	0.00	0.00	0.00	0.00	0.00	93.90	-1.81	-2.19	-2.21	-244.13
Net Debt to NOPAT	11.80	0.00	0.00	0.00	0.00	0.00	-38.07	0.67	0.60	0.68	251.75
Long-Term Debt to NOPAT	-23.76	0.00	0.00	0.00	0.00	0.00	93.90	-1.81	-2.19	-2.21	-244.13
Altman Z-Score	1.50	1.31	0.31	1.05	1.04	0.70	0.20	-0.13	-0.36	-0.18	1.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.82	1.00	1.02	0.95	0.90	0.89	1.42	1.43	1.44	1.37	1.72
Quick Ratio	1.47	0.77	0.77	0.87	0.83	0.79	1.28	1.24	1.25	1.17	1.63
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	188	438	942	807	736	288	-117	-389	-356	39	83
Operating Cash Flow to CapEx	-800.00%	-18,700.00%	-418.18%	4,950.00%	-5,600.00%	-1,550.00%	-738.10%	-1,500.00%	-650.00%	0.00%	41,500.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.29	0.25	0.42	0.41	0.45	0.49	0.42	0.44	0.46	0.40
Accounts Receivable Turnover	5.44	4.68	3.57	6.94	6.60	4.88	4.31	4.24	4.16	3.51	2.42
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	19.86	20.29	15.95	27.77	33.67	33.67	32.86	29.02	32.67	34.89	30.92
Accounts Payable Turnover	12.10	10.51	6.94	20.97	18.53	17.11	13.16	13.85	15.28	14.54	5.85
Days Sales Outstanding (DSO)	67.05	78.03	102.29	52.57	55.30	74.76	84.65	85.99	87.67	104.04	150.87
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	30.18	34.73	52.57	17.40	19.70	21.34	27.74	26.35	23.89	25.11	62.44
Cash Conversion Cycle (CCC)	36.87	43.30	49.73	35.16	35.60	53.42	56.91	59.64	63.78	78.93	88.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,107	861	397	308	338	579	561	670	679	552	519
Invested Capital Turnover	0.58	0.64	0.61	1.20	1.14	1.12	1.59	1.28	1.25	1.11	0.99
Increase / (Decrease) in Invested Capital	-221	-439	-924	-815	-769	-282	164	362	341	-27	-42
Enterprise Value (EV)	3,205	2,334	1,792	2,564	2,752	1,896	1,549	1,572	1,334	1,458	2,585
Market Capitalization	3,428	2,812	2,252	3,115	3,243	2,142	1,627	1,644	1,387	1,518	2,786
Book Value per Share	$2.30	$2.32	$1.48	$1.48	$1.42	$1.41	$1.32	$1.26	$1.24	$1.23	$1.22
Tangible Book Value per Share	$0.03	$0.09	$0.10	$0.12	$0.09	$0.11	$0.42	$0.06	$0.06	$0.34	$0.34
Total Capital	1,779	1,339	857	859	829	825	969	936	927	920	915
Total Debt	449	0.00	0.00	0.00	0.00	0.00	194	194	195	195	195
Total Long-Term Debt	449	0.00	0.00	0.00	0.00	0.00	194	194	195	195	195
Net Debt	-223	-478	-460	-551	-491	-246	-79	-72	-53	-60	-201
Capital Expenditures (CapEx)	3.00	1.00	2.20	2.00	1.00	2.00	2.10	1.00	2.00	0.00	0.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-219	-447	-412	-556	-524	-268	-87	-92	-78	-97	-91
Debt-free Net Working Capital (DFNWC)	424	2.00	14	-40	-68	-58	151	137	133	123	247
Net Working Capital (NWC)	424	2.00	14	-40	-68	-58	151	137	133	123	247
Net Nonoperating Expense (NNE)	21	2.60	513	3.30	9.10	27	103	15	4.30	23	48
Net Nonoperating Obligations (NNO)	-223	-478	-460	-551	-491	-246	-214	-72	-53	-173	-201
Total Depreciation and Amortization (D&A)	28	28	20	16	16	14	13	13	13	13	5.70
Debt-free, Cash-free Net Working Capital to Revenue	-31.06%	-64.78%	-78.28%	-64.58%	-63.52%	-33.17%	-11.40%	-14.74%	-12.24%	-15.45%	-16.94%
Debt-free Net Working Capital to Revenue	60.14%	0.29%	2.66%	-4.65%	-8.24%	-7.18%	19.84%	21.96%	20.88%	19.59%	46.21%
Net Working Capital to Revenue	60.14%	0.29%	2.66%	-4.65%	-8.24%	-7.18%	19.84%	21.96%	20.88%	19.59%	46.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.09)	($0.01)	($0.86)	($0.02)	($0.07)	($0.04)	($0.09)	($0.07)	($0.03)	($0.02)	($0.01)
Adjusted Weighted Average Basic Shares Outstanding	577.42M	580.35M	582.18M	583.24M	583.71M	585.35M	589.23M	590.17M	590.73M	591.58M	596.23M
Adjusted Diluted Earnings per Share	($0.10)	($0.09)	($0.81)	($0.02)	($0.07)	($0.05)	($0.08)	($0.07)	($0.03)	($0.02)	($0.01)
Adjusted Weighted Average Diluted Shares Outstanding	577.42M	580.35M	582.18M	583.24M	583.71M	585.35M	589.23M	590.17M	590.73M	591.58M	596.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	577.42M	580.35M	582.18M	583.24M	583.71M	585.35M	589.23M	590.17M	590.73M	591.58M	596.23M
Normalized Net Operating Profit after Tax (NOPAT)	-34	-1.40	122	-7.70	-32	19	67	-25	-15	13	49
Normalized NOPAT Margin	-20.42%	-0.83%	572.66%	-2.06%	-24.39%	12.43%	65.30%	-17.50%	-10.14%	8.83%	47.61%
Pre Tax Income Margin	-29.17%	0.00%	118.31%	-2.14%	-30.30%	15.13%	53.67%	-23.61%	-12.41%	13.29%	40.33%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

BlackBerry (NYSE: BB) has reported quarterly results across the last several quarters. Below are the standout trends and points that may matter to retail investors, drawn from the last four years of quarterly statements (income statement, cash flow statement, and balance sheet).

Strong cash generation from core operations in the latest quarter: Q4 2025 shows net cash from continuing operating activities of $41.5 million and a total net change in cash of $79.8 million, signaling solid cash flow from the ongoing business.
Healthy near-term liquidity and a solid balance sheet: as of Q3 2025, Blackberry held about $270.3 million in cash and equivalents, total current assets of $543.2 million, and total current liabilities of $253.3 million, supporting a comfortable liquidity cushion and working capital position.
Reasonable leverage with a manageable debt level: long-term debt around $196 million (Q3 2025) against a total equity base of about $741 million, indicating a moderate leverage profile relative to assets.
Notable profitability in the latest quarter on a continuing basis: Q4 2025 shows operating income of $41.8 million and continuing net income of $40.5 million, suggesting a healthy margin from core operations before discontinued items and noncore effects.

Revenue volatility and quarterly mix: revenue has shown fluctuations within 2024–2025 (e.g., ~$143.6 million in Q3 2025 vs about $102.9 million in Q4 2025), indicating volatility in the top line that investors should monitor as product cycles and customer wins evolve.
Headline earnings impacted by discontinued operations: Q4 2025 shows a significant discontinued-operations drag (net income from discontinued operations around -$22.8 million), which depresses GAAP earnings despite strong continuing performance.

GAAP earnings pressure due to equity holders: quarterly net income attributable to common shareholders has been negative in several periods (for example, -$7.0 million in Q4 2025 and -$21.0 million in Q1 2025), which can affect reported earnings per share even when the core business is profitable.
Cash flow from operations can swing negative in some quarters: some periods show negative net cash from continuing operating activities (e.g., Q1 2025 around -$41.4 million; Q2 2025 around -$13.0 million), highlighting variability in working capital timing and operating cash conversion.
Discontinued operations contribute to earnings volatility: repeated sizable contributions from discontinued operations in multiple quarters (e.g., Q4 2024 and other periods) create headline swings in net income that may obscure ongoing profitability trends for the business.

05/07/26 03:19 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About BlackBerry's Financials

When does BlackBerry's financial year end?

According to the most recent income statement we have on file, BlackBerry's fiscal year ends in February. Their fiscal year 2026 ended on February 28, 2026.

How has BlackBerry's net income changed over the last 10 years?

BlackBerry's net income appears to be on a downward trend, with a most recent value of $53.20 million in 2026, falling from -$208 million in 2016. The previous period was -$79 million in 2025. See where experts think BlackBerry is headed by visiting BlackBerry's forecast page.

What is BlackBerry's operating income?

BlackBerry's total operating income in 2026 was $48.30 million, based on the following breakdown:

Total Gross Profit: $418.20 million
Total Operating Expenses: $369.90 million

How has BlackBerry's revenue changed over the last 10 years?

Over the last 10 years, BlackBerry's total revenue changed from $2.16 billion in 2016 to $549.10 million in 2026, a change of -74.6%.

How much debt does BlackBerry have?

BlackBerry's total liabilities were at $499.20 million at the end of 2026, a 13.3% decrease from 2025, and a 78.5% decrease since 2016.

How much cash does BlackBerry have?

In the past 10 years, BlackBerry's cash and equivalents has ranged from $175.10 million in 2024 to $957 million in 2016, and is currently $274.70 million as of their latest financial filing in 2026.

How has BlackBerry's book value per share changed over the last 10 years?

Over the last 10 years, BlackBerry's book value per share changed from 6.07 in 2016 to 1.26 in 2026, a change of -79.2%.

Related Companies

Financial statements for NYSE:BB last updated on 4/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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