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BlackBerry Limited

TSX:BB Stock Report

Market Cap: CA$6.3b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
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BlackBerry Management

Management criteria checks 1/4

BlackBerry's CEO is John Giamatteo, appointed in Dec 2023, has a tenure of 2.75 years. total yearly compensation is $8.30M, comprised of 8.4% salary and 91.6% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth CA$7.72M. The average tenure of the management team and the board of directors is 2.8 years and 2.7 years respectively.

Key information

John Giamatteo

Chief executive officer

US$8.3m

Total compensation

CEO salary percentage8.44%
CEO tenure2.8yrs
CEO ownership0.1%
Management average tenure2.8yrs
Board average tenure2.7yrs

Recent management updates

Recent updates

User avatar
Narrative Update • Jul 24

BB: Physical AI And Secure Communications Momentum Will Need To Sustain Rich Premium

Analysts have lifted the BlackBerry fair value estimate from CA$10.22 to CA$11.36, reflecting higher projected revenue growth and a richer future P/E assumption. This change is partly informed by recent Street research that highlights stronger Q1 results, improved outlooks for QNX and secure communications, and BlackBerry's positioning in physical AI.
User avatar
Narrative Update • Jul 10

BB: QNX And Physical AI Hype Will Likely Constrain Future Returns

Analysts have lifted the BlackBerry fair value estimate from about CA$5.67 to roughly CA$7.39, citing stronger than expected recent results, improved profitability expectations, and a series of higher price targets that reflect confidence in both its secure communications and QNX businesses. Analyst Commentary Recent Street research on BlackBerry reflects a mix of optimism and caution, with higher price targets sitting alongside concerns about how much of the good news is already reflected in the share price and whether execution can keep pace with expectations.
User avatar
New Narrative • Jul 09

Software Defined Vehicles And Secure Communications Will Support Long Term Upside Potential

Catalysts About BlackBerry BlackBerry provides software for safety critical embedded systems and secure communications for governments and regulated industries. What are the underlying business or industry changes driving this perspective?
User avatar
Narrative Update • Jun 26

BB: QNX And Secure Communications Momentum Will Struggle To Justify Current Premium

BlackBerry's implied fair value has moved from CA$5.68 to CA$10.22 as analysts lift price targets into a CA$9.50 to CA$12.00 range. They cite stronger profitability, higher assumed revenue growth and margins, and a richer future P/E multiple supported by QNX and secure communications momentum.
User avatar
New Narrative • Jun 25

Rising Operating Costs And Slower Design Wins Will Pressure Long Term Prospects

Catalysts About BlackBerry BlackBerry provides software for safety critical operating systems, secure communications and licensing, with a focus on QNX and mission critical government and industrial customers. What are the underlying business or industry changes driving this perspective?
Analysis Article • Jun 16

BlackBerry (TSX:BB) Stock Could Be 20% Undervalued After QNX Growth Draws Fresh Attention

BlackBerry (TSX:BB) has been back in the spotlight after Jim Cramer highlighted the stock on Mad Money, pointing to its automotive technology and the expansion of QNX into industrial and medical markets as reasons for renewed investor interest. See our latest analysis for BlackBerry. That attention has coincided with a sharp shift in market sentiment, with BlackBerry’s 30 day share price return of 52.59% and 90 day share price return of 184.43% standing out against a 1 year total shareholder...
User avatar
New Narrative • May 26

Accidental transformation from Phones to Physical AI.

The Funeral That Never Happened Everyone had already written the obituary. BlackBerry, once worth $83 billion, once the phone that presidents carried, was supposed to be dead.
Analysis Article • Jul 09

Analysts Just Made A Significant Upgrade To Their BlackBerry Limited (TSE:BB) Forecasts

BlackBerry Limited ( TSE:BB ) shareholders will have a reason to smile today, with the analysts making substantial...
Analysis Article • May 25

Is BlackBerry (TSE:BB) Weighed On By Its Debt Load?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Feb 22

Is BlackBerry (TSE:BB) Using Debt In A Risky Way?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

CEO Compensation Analysis

How has John Giamatteo's remuneration changed compared to BlackBerry's earnings?
DateTotal CompensationSalaryCompany Earnings
May 31 2026n/an/a

US$60m

Feb 28 2026US$8mUS$700k

US$53m

Nov 30 2025n/an/a

US$21m

Aug 31 2025n/an/a

US$20m

May 31 2025n/an/a

US$10m

Feb 28 2025US$1mUS$700k

-US$8m

Nov 30 2024n/an/a

-US$15m

Aug 31 2024n/an/a

-US$19m

May 31 2024n/an/a

US$100k

Feb 29 2024US$8mUS$600k

US$6m

Nov 30 2023n/an/a

-US$475m

Aug 31 2023n/an/a

-US$487m

May 31 2023n/an/a

-US$564m

Feb 28 2023US$2mUS$559k

-US$215m

Nov 30 2022n/an/a

-US$95m

Aug 31 2022n/an/a

-US$17m

May 31 2022n/an/a

-US$107m

Feb 28 2022US$6mUS$223k

US$12m

Compensation vs Market: John's total compensation ($USD8.30M) is above average for companies of similar size in the Canadian market ($USD3.21M).

Compensation vs Earnings: John's compensation has increased by more than 20% in the past year.


CEO

John Giamatteo (59 yo)

2.8yrs
Tenure
US$8,297,745
Compensation

Mr. John Joseph Giamatteo serves as Chief Executive Officer & Director at BlackBerry Ltd. since December 11, 2023 and serves as its President of Secure Communications. He served as President & Acting Gener...


Leadership Team

NamePositionTenureCompensationOwnership
John Giamatteo
CEO; President of Secure Communications & Director2.8yrsUS$8.30m0.12%
CA$ 7.7m
Tim Foote
Chief Financial Officer2.2yrsUS$1.51m0.013%
CA$ 787.0k
Philip Kurtz
Chief Legal Officer & Head of Government Affairs4.2yrsUS$1.38m0.016%
CA$ 1.0m
Jennifer Armstrong-Owen
Chief People Officerno dataUS$1.25m0.018%
CA$ 1.1m
Jesse Harold
Senior VP & Chief Information and Information Security Officer4.2yrsno datano data
Suzanne Spera
Senior Director of Investor Relationsno datano datano data
Sean Smyth
VP of Strategy & Corporate Developmentno datano datano data
John Dimitropoulos
Senior VP & Chief Strategy Officerno datano datano data
John Wall
President of QNX Divisionless than a yearno datano data
Fraser Deziel
Corporate Controllerno datano datano data
Martha Gonder
Director of Investor Relationsno datano datano data
2.8yrs
Average Tenure

Experienced Management: BB's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Giamatteo
CEO; President of Secure Communications & Director2.8yrsUS$8.30m0.12%
CA$ 7.7m
Richard Lynch
Independent Chairman of the Board13.6yrsUS$322.21kno data
Barry Mainz
Independent Director1.1yrsUS$283.02kno data
Philip Brace
Independent Director2.6yrsUS$262.89k0.0060%
CA$ 374.4k
Lori O'Neill
Independent Director2.3yrsUS$257.42kno data
Wayne Wouters
Independent Director10.9yrsUS$257.42kno data
Lisa Disbrow
Independent Director7.1yrsUS$273.87kno data
Veteran Bahash
Independent Director2yrsUS$265.75kno data
2.7yrs
Average Tenure
61yo
Average Age

Experienced Board: BB's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/17 04:12
End of Day Share Price 2026/09/17 00:00
Earnings2026/05/31
Annual Earnings2026/02/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BlackBerry Limited is covered by 43 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jim MarroneAccountability Research Corporation
Richard KramerArete Research Services LLP
Richard TseATB Cormark Historical (Cormark Securities)

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