Saturday 17 October 2026
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BlackBerry Limited
BB Technology Software Infrastructure
BlackBerry Limited’s revenue for fiscal 2026 (year ended February 2026) was $549.1 million, up 2.65% from fiscal 2025. In the quarter to August 2026, revenue grew 26.0%, EPS grew 200.0%, free cash flow grew 1,470.6% and total debt was flat, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
8.06
0.64
−7.36%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to February
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 6.65 | 6.57 | 4.86 | 2.70 | 6.52 | 3.17 | 3.27 | 2.01 | 2.80 | 3.12 |
Analyst estimates 2027–2029 Powerpack |
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| High | 12.36 | 14.55 | 10.29 | 9.69 | 28.77 | 9.49 | 5.75 | 4.06 | 6.24 | 13.59 | |||||
| People | |||||||||||||||
| People | Employees | 4,044 | 3,288 | 3,945 | 3,668 | 3,497 | 3,325 | 3,181 | 2,647 | 1,820 | 1,749 | ||||
| Revenue/emp, $m | 0.32 | 0.28 | 0.23 | 0.28 | 0.26 | 0.22 | 0.21 | 0.29 | 0.29 | 0.31 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 1,309 | 932 | 904 | 1,040 | 893 | 718 | 656 | 759 | 535 | 549 | ||||
| Gross margin, % | 47.14 | 71.89 | 77.21 | 73.37 | 72.00 | 65.04 | 63.87 | 64.64 | 73.83 | 76.16 | |||||
| EBT | (1,208) | 406 | 77 | (148) | (1,113) | 19 | (720) | 30 | 9 | 59 | |||||
| EBT margin, % | (92.28) | 43.56 | 8.52 | (14.23) | (124.64) | 2.65 | (109.76) | 3.93 | 1.59 | 10.74 | |||||
| Net income | (1,206) | 405 | 93 | (152) | (1,104) | 12 | (734) | (130) | (79) | 53 | |||||
| Depreciation | 296 | 177 | 149 | 234 | 198 | 176 | 350 | 59 | 45 | 18 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 2.49 | 1.75 | 1.67 | 1.88 | 1.59 | 1.26 | 1.13 | 1.30 | 0.90 | 0.93 | ||||
| Earnings | (2.30) | 0.76 | 0.17 | (0.27) | (1.97) | 0.02 | (1.27) | (0.22) | (0.13) | 0.09 | |||||
| Cash flow | (0.43) | 1.32 | 0.19 | 0.05 | 0.15 | (0.05) | (0.45) | (0.01) | 0.03 | 0.08 | |||||
| Capex | 0.05 | (0.08) | (0.09) | (0.08) | (0.08) | (0.07) | (0.04) | (0.04) | (0.02) | (0.02) | |||||
| Free cash flow | (0.38) | 1.24 | 0.10 | (0.03) | 0.07 | (0.12) | (0.50) | (0.04) | 0.01 | 0.07 | |||||
| Book value | 3.92 | 4.70 | 4.88 | 4.57 | 2.68 | 2.73 | 1.48 | 1.33 | 1.22 | 1.26 | |||||
| Shares, m | 525 | 533 | 540 | 554 | 561 | 571 | 579 | 585 | 591 | 592 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 15.97 | 51.18 | 0.00 | 0.00 | 343.50 | 0.00 | 0.00 | 0.00 | 40.87 | ||||
| P/S | 2.79 | 6.94 | 5.20 | 2.71 | 6.85 | 5.46 | 3.42 | 2.14 | 5.21 | 3.67 | |||||
| P/B | 1.78 | 2.58 | 1.78 | 1.11 | 4.07 | 2.52 | 2.62 | 2.10 | 3.87 | 2.70 | |||||
| EV/Sales | 3.21 | 6.78 | 6.39 | 2.53 | 6.87 | 5.21 | 3.41 | 2.34 | 5.24 | 3.66 | |||||
| EV/FCF | (21.20) | 9.55 | 111.16 | (146.13) | 152.90 | (55.87) | (7.80) | (72.79) | 438.18 | 49.30 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (224) | 704 | 100 | 26 | 82 | (28) | (263) | (3) | 17 | 50 | ||||
| Capex | 26 | (42) | (48) | (44) | (44) | (39) | (24) | (21) | (10) | (9) | |||||
| Free cash flow | (198) | 662 | 52 | (18) | 38 | (67) | (287) | (24) | 6 | 41 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 1,096 | 2,134 | 723 | 75 | 577 | 646 | 14 | 151 | 247 | 300 | ||||
| Total debt | 591 | 782 | 667 | 726 | 753 | 535 | 419 | 194 | 195 | 197 | |||||
| Net debt | (787) | (1,477) | (249) | (183) | 14 | (177) | (7) | (43) | (142) | (163) | |||||
| Shareholders’ equity | 2,057 | 2,505 | 2,636 | 2,529 | 1,504 | 1,556 | 857 | 775 | 720 | 746 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (27.32) | 11.45 | 2.40 | (3.87) | (32.93) | 0.45 | (34.57) | (8.47) | (5.87) | 4.19 | ||||
| ROIC | (25.05) | 18.42 | 1.57 | (3.70) | (45.57) | (0.09) | (36.46) | 0.94 | 0.09 | 5.18 | |||||
| ROE | (45.81) | 17.76 | 3.62 | (5.89) | (54.75) | 0.78 | (60.84) | (15.95) | (10.57) | 7.26 | |||||
Negative figures in brackets.
Fiscal years to Feb 2026 · latest quarter Aug 2026 · fundamentals updated 2 Oct 2026
Charts ten years each
BlackBerry Limited vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| VRNS Varonis Systems, Inc. | $5.4B | — (loss-making) | — (loss-making) | +18.31% (above 0%: growing) | n/m | +15.62% (above 0%: growing) | 75.27% | (22.57%) | Compare |
| BOX Box, Inc. | $5.4B | 54.9× | 64.3× | +9.23% (above 0%: growing) | +66.67% (above 0%: growing) | +65.84% (above 0%: growing) | 79.08% | 10.16% | Compare |
| ACIW ACI Worldwide, Inc. | $5.3B | 24.0× | 17.0× | +7.27% (above 0%: growing) | +158.33% (above 0%: growing) | +35.07% (above 0%: growing) | 42.18% | 10.37% | Compare |
| RELY Remitly Global, Inc. | $5.2B | 16.7× | 28.8× | +20.23% (above 0%: growing) | +3,166.67% (above 0%: growing) | +197.33% (above 0%: growing) | 62.07% | 13.47% | Compare |
| BB BlackBerry Limited | $5.1B | 59.9× | 67.1× | +26.00% (above 0%: growing) | +200.00% (above 0%: growing) | +1,470.59% (above 0%: growing) | 77.83% | 20.58% | |
| BLSH Bullish | $4.8B | — (loss-making) | — (loss-making) | −44.34% (below 0%: shrinking) | n/m | +2.25% (above 0%: growing) | 0.25% | (0.87%) | Compare |
| CORZ Core Scientific, Inc. | $4.6B | — (loss-making) | — (loss-making) | +108.83% (above 0%: growing) | n/m | −852.12% (below 0%: shrinking) | 42.66% | (47.79%) | Compare |
| TENB Tenable Holdings, Inc. | $4.3B | 701× | 245× | +8.58% (above 0%: growing) | n/m | +4.67% (above 0%: growing) | 77.53% | 4.61% | Compare |
| DLO DLocal Limited | $4.3B | 21.0× | 14.1× | +55.84% (above 0%: growing) | +26.67% (above 0%: growing) | +12.57% (above 0%: growing) | 31.81% | 16.05% | Compare |
| Median of peers | $5.0B | 24.0× | 28.8× | +13.77% | +112.50% | +14.10% | 52.37% | 7.39% |
BlackBerry Limited (BB) key facts
- Strength: BlackBerry Limited’s revenue for fiscal 2026 (year ended February 2026) was $549.1 million, up 2.65% from fiscal 2025.
- BlackBerry Limited (BB) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
- As of October 16, 2026, BB traded at $8.06, a market capitalization of $5.1 billion.
- Return on equity was 7.26% and debt-to-equity 0.25.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 0.83 (distress zone) for fiscal 2026.