BlackBerry Past Earnings Performance
Past criteria checks 5/6
BlackBerry has been growing earnings at an average annual rate of 55.2%, while the Software industry saw earnings growing at 30.7% annually. Revenues have been declining at an average rate of 8.7% per year. BlackBerry's return on equity is 8%, and it has net margins of 10.3%.
Key information
55.23%
Earnings growth rate
55.73%
EPS growth rate
| Software Industry Growth | 17.33% |
| Revenue growth rate | -8.66% |
| Return on equity | 7.97% |
| Net Margin | 10.31% |
| Next Earnings Update | 24 Sep 2026 |
Recent past performance updates
Recent updates
Seeking Alpha • Aug 21
BlackBerry: Healthier Than Ever, Priced Like It
Summary BlackBerry has transitioned into a healthier, focused software company, with profitability, real cash flow, and a net cash balance sheet. QNX is BB's high-margin growth engine, boasting a ~$950m royalty backlog and strong pipeline, but much of its value is years out. At ~$8/share, the market prices in multi-year perfect execution, leaving a narrow safety margin and justifying a Hold rating. I remain mildly bullish but await sustained margin expansion, ARR growth, and a major Alloy Kore contract for a more constructive stance. Read the full article on Seeking Alpha
New Narrative • Jun 10
A 30-Year-Old Prescription for the Physical Automation Era
The megatrend toward "smart cockpits" and Software-Defined Vehicles is virtually irreversible. Furthermore, while fully autonomous humanoid robots might still be a distant reality, the deployment of industrial robotic arms and automated machines is already happening everywhere around us.Seeking Alpha • Apr 08
BlackBerry: Innovation Is Fueling Profitability Amid Short-Term Headwinds (Rating Downgrade)
Summary Growth Prospects & Innovation: BlackBerry's QNX software is a leader in embedded systems, integrated into 255M+ vehicles. Strategic R&D investments support SDVs and ADAS, positioning the company for long-term growth. Short-Term Challenges: Inflation, rising production costs, and declining automotive sector demand create short-term headwinds. However, BlackBerry surpassed revenue guidance, indicating resilience despite cautious market conditions. Financial Highlights & Valuation: Q4 2025 revenue exceeded guidance at $141.7M, with improved cash flow and margins. BlackBerry remains undervalued versus competitors, poised for growth as the auto industry recovers. Read the full article on Seeking AlphaSeeking Alpha • Feb 23
BlackBerry: The Company Has Bounced, Built Back Better
Summary BlackBerry's strategic pivot to software, focusing on IoT and cybersecurity, has driven a significant stock rally and renewed investor confidence. The QNX unit's robust growth in the automotive and industrial sectors, along with strategic partnerships, positions BlackBerry for long-term success. The sale of Cylance's assets enhances BlackBerry's profit margins, allowing a stronger focus on its core Secure Communication business. BlackBerry's AI-based cybersecurity solutions and innovative technologies make it a compelling investment for those seeking growth in the tech sector. Read the full article on Seeking AlphaSeeking Alpha • Feb 17
BlackBerry: Strong In The Area Of Security, But Weak In The Area Of Valuation
Summary BlackBerry's capital allocation has been poor, with negative ROIC and declining revenues, but there is potential for a turnaround with positive growth expected in the next 5 years. The sale of Cylance was a necessary move to focus on more promising segments, despite initial intentions to strengthen cybersecurity capabilities. BlackBerry holds a competitive advantage in secure communications and IoT security, particularly with its QNX system, but faces competition from Android Automotive. Despite a strong balance sheet and no debt maturities until 2029, BlackBerry is fairly valued or slightly overvalued, with growth dependent on revenue and margin improvements. Read the full article on Seeking AlphaSeeking Alpha • Jan 07
BlackBerry: I've Gone From Skeptic To Believer (Rating Upgrade)
Summary I recognize BlackBerry Limited's significant progress in turning its operations around and delivering positive free cash flow. I believe the divestment of Cylance will streamline the business and enhance its profitability prospects. I acknowledge that competition in both the IoT and cybersecurity sectors remains a critical challenge for BlackBerry. I am cautiously optimistic about BlackBerry's ability to achieve modest revenue growth in fiscal 2026, though uncertainties remain. Read the full article on Seeking AlphaSeeking Alpha • Dec 20
3 Good Things About BlackBerry Q3 Earnings (Rating Upgrade)
Summary BlackBerry stock surged from $2.35 to $3.49, driven by profitable Q3 results, with a gross margin of 74% and IoT revenue growth of 13%. The sale of BlackBerry Cylance will strengthen the balance sheet, allowing focus on IoT growth and potential M&A activities. Despite disappointing past under-performance, BlackBerry's streamlined operations and improved financial position make it a speculative buy, though caution is advised due to historical volatility. Investors should note the positive market reaction to BlackBerry's restructuring and the potential for future earnings growth, particularly in the IoT sector. Read the full article on Seeking AlphaSeeking Alpha • Dec 13
BlackBerry: Scraping Off The Bottom
Summary BlackBerry Limited's shift to IoT and Cybersecurity shows promise, but the business model lacks excitement despite recent signs of reaching bottom. The upcoming FQ3 results are crucial to prove growth ahead, with the QNX business showing potential but still relatively small. Cybersecurity growth is modest, and the market struggles to grasp BlackBerry's diverse product offerings and investment story. The stock has limited downside risk with improved financials, but BlackBerry needs a compelling growth narrative to justify a higher price than 18x FY27 EBITDA targets. Read the full article on Seeking AlphaSeeking Alpha • Oct 17
BlackBerry: The Latest Revenue Warning
Summary BlackBerry's revenue growth remains a major issue, with the latest guidance for fiscal 2026 missing already heavily reduced estimates. Despite some improvements in cybersecurity metrics and cost-cutting efforts, the company's balance sheet is not that great. BlackBerry's valuation is low compared to peers, but this reflects its limited growth profile and weak financial situation. Read the full article on Seeking AlphaSeeking Alpha • Sep 23
5 Considerations Ahead Of BlackBerry's Q2 Earnings Report
Summary BlackBerry Limited's Q2 results are unlikely to significantly move the stock, which has stabilized after a year-to-date loss of one-third. BlackBerry expects another adjusted EBITDA loss and flat to declining revenue, despite leadership changes and cost reductions. Improvements in Cylance's AI threat detection and QNX's automotive sector performance are notable, but broader market challenges persist. Long-term shareholders should temper expectations; significant growth in Cylance or QNX sales is needed for a meaningful rise in BB stock. Read the full article on Seeking AlphaSeeking Alpha • Aug 20
BlackBerry: Upcoming Developments Likely To Lift The Stock
Summary BlackBerry stock is undervalued partly due to potential catalysts like possible M&A activity and market share growth in IT security. Revenue from the firm's QNX operating system looks poised to increase rapidly. The low valuation of BB stock should rebound due to its improved financial performance going forward. Read the full article on Seeking AlphaSeeking Alpha • Jun 24
BlackBerry Stock: 4 Considerations Ahead Of Its Q1 2025 Earnings
Summary BlackBerry Limited had a chance to raise millions of dollars but did not do so in the quarter. Ahead of the quarterly report, shares dropped below the 50-day moving average after a GME meme-inspired rally, down 16.5% in the last quarter. Investors expressed concerns ahead of BlackBerry Limited's Q1 results. Read the full article on Seeking AlphaSeeking Alpha • Apr 09
BlackBerry: Finally Some Hope
Summary BlackBerry's fiscal Q4 results showed signs of improvement, with overall revenue beating estimates and growing nicely year over year. However, Q1 and full-year revenue guidance fell short of street expectations, leading to more analyst estimate cuts. BlackBerry's financial structure has improved with a debt deal, but the company still faces challenges in IoT growth and the CyberSecurity business. Read the full article on Seeking AlphaSeeking Alpha • Mar 30
BlackBerry Q4 2023 Earnings Preview: 5 Things To Watch
Summary BlackBerry's stock performance has been poor, losing nearly 37% compared to the S&P 500's gain of 11.46% since the last article publication. Investors should watch for five things, including BlackBerry's earnings forecast for Q4 its potential performance in the cybersecurity and IoT sectors. Alternative investments like CrowdStrike, SentinelOne and Stellantis may be more attractive options than holding BB stock. Read the full article on Seeking AlphaSeeking Alpha • Jan 25
BlackBerry: Market Overreacts, But The Company Lacks Catalysts
Summary BlackBerry stock hits new lows as it raises debt through a private offering, highlighting its struggles to find a successful business model. The company's shift to IoT and cybersecurity software has not paid off, with minimal growth reported in these segments. The new BlackBerry CEO needs to re-energize the business and return BlackBerry to sustainable growth before the stock is a Buy. Read the full article on Seeking AlphaSeeking Alpha • Dec 21
BlackBerry Future Remains Quite Uncertain
Summary BlackBerry reported Q3 revenues of $175 million, missing street estimates by nearly $6 million. Cybersecurity and IoT segments showed decent growth, but Q4 revenue guidance was extremely disappointing. Total cash and investments decreased to $271 million, raising concerns about financial flexibility for the next turnaround plan. Read the full article on Seeking AlphaSeeking Alpha • Dec 15
BlackBerry Earnings Preview: 3 Things To Watch
Summary Analysts expect BlackBerry to post yet another quarterly loss at a time when markets shun money-losing firms. BlackBerry's new CEO offers fresh hope, since John Giamatteo has experience in the cybersecurity and IoT automotive industry. BlackBerry's decision to cancel its IoT spinoff may not be fully explained; impact of weak quarterly earnings on stock price discussed. Read the full article on Seeking AlphaSeeking Alpha • Nov 14
BlackBerry's High-Stakes Gamble: Juggling IoT IPO And Debt Resolution
Summary BlackBerry's CEO departure raises concerns about the company's future leadership and strategic direction. The timeline to resolve the debt issue coincides with BlackBerry's plan to list its IoT business separately, potentially sacrificing a valuable asset. The cybersecurity business, left with debt after the IoT IPO, may face challenges surviving in a competitive market. Read the full article on Seeking AlphaSeeking Alpha • Oct 12
BlackBerry: Breaking Up Is Hard To Do
Summary BlackBerry will spin off its Internet of Things segment. Investors are waiting to hear key financial details of the transaction. The move could create value with shares trading like a distressed asset. Read the full article on Seeking AlphaSeeking Alpha • Oct 05
BlackBerry Stock: Overpriced Amid Spin-Off And Uncertainty
Summary BlackBerry Limited stock has declined 7.5% after announcing that it will spin off its Internet of Things division. Since this division has been BlackBerry's core growth driver, this does not bode well for the company's revenues, profits, or margin profile. Furthermore, BlackBerry stock's valuation is already relatively expensive. The downside implications of the divestiture could further worsen its valuation metrics on a relative basis. The picture here is highly uncertain but looks to be negative overall, and yields a sell rating for BB stock. Read the full article on Seeking AlphaSeeking Alpha • Sep 25
BlackBerry's Stunning Pivot
Summary BlackBerry Limited has become a leader in the IoT and cybersecurity markets, with a 90% market share in critical event management. The IoT market is experiencing exponential growth, creating a need for robust cybersecurity solutions that BlackBerry can capitalize on. BlackBerry's QNX technology and strategic partnerships position it for significant revenue growth in the connected car market. With strategic partnerships and a focus on data analytics and cybersecurity, the IVY platform positions BlackBerry as a leader in automotive technology innovation. Read the full article on Seeking AlphaSeeking Alpha • Sep 07
BlackBerry: Another Massive Revenue Warning
Summary BlackBerry reported lower-than-expected preliminary Q2 revenues of $132 million, blaming government customers for the shortfall. Cybersecurity revenues are down more than $30 million from the prior-year period, but management maintained its yearly forecast for the segment. Revenues in the IoT segment are projected to be $49 million, down $2 million year over year, leading to a lower full-year revenue outlook. Read the full article on Seeking AlphaSeeking Alpha • Aug 22
BlackBerry: Key Considerations For The Future
Summary I continue to exercise caution regarding BlackBerry's turnaround efforts, despite consistent rhetoric. BlackBerry's cybersecurity narrative, while promising, raises questions about its competitive edge in delivering measurable ROI for enterprises. BlackBerry's stock valuation should not be mistaken for a bargain, considering its diverse yet uncertain operations and ongoing strategic review. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How BlackBerry makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 May 26 | 580 | 60 | 239 | 122 |
| 28 Feb 26 | 549 | 53 | 227 | 114 |
| 30 Nov 25 | 535 | 21 | 234 | 103 |
| 31 Aug 25 | 537 | 20 | 228 | 102 |
| 31 May 25 | 533 | 10 | 229 | 103 |
| 28 Feb 25 | 535 | -8 | 229 | 109 |
| 30 Nov 24 | 546 | -15 | 226 | 115 |
| 31 Aug 24 | 555 | -19 | 233 | 116 |
| 31 May 24 | 510 | 0 | 218 | 104 |
| 29 Feb 24 | 759 | 6 | 255 | 127 |
| 30 Nov 23 | 757 | -475 | 273 | 146 |
| 31 Aug 23 | 774 | -487 | 297 | 169 |
| 31 May 23 | 861 | -564 | 346 | 208 |
| 28 Feb 23 | 526 | -215 | 264 | 134 |
| 30 Nov 22 | 690 | -95 | 333 | 206 |
| 31 Aug 22 | 705 | -17 | 328 | 211 |
| 31 May 22 | 712 | -107 | 336 | 215 |
| 28 Feb 22 | 718 | 12 | 297 | 219 |
| 30 Nov 21 | 743 | -447 | 371 | 220 |
| 31 Aug 21 | 777 | -651 | 384 | 216 |
| 31 May 21 | 861 | -530 | 385 | 215 |
| 28 Feb 21 | 893 | -1,104 | 342 | 215 |
| 30 Nov 20 | 965 | -830 | 380 | 227 |
| 31 Aug 20 | 1,014 | -732 | 430 | 240 |
| 31 May 20 | 999 | -753 | 444 | 245 |
| 29 Feb 20 | 1,040 | -152 | 466 | 259 |
| 30 Nov 19 | 1,013 | -60 | 468 | 251 |
| 31 Aug 19 | 972 | 31 | 417 | 240 |
| 31 May 19 | 938 | 118 | 413 | 229 |
| 28 Feb 19 | 904 | 93 | 390 | 217 |
| 30 Nov 18 | 882 | 32 | 398 | 223 |
| 31 Aug 18 | 882 | -302 | 408 | 227 |
| 31 May 18 | 910 | -326 | 400 | 235 |
| 28 Feb 18 | 932 | 405 | 400 | 234 |
| 30 Nov 17 | 985 | 368 | 241 | 230 |
| 31 Aug 17 | 1,048 | 526 | 262 | 247 |
| 31 May 17 | 1,144 | 135 | 283 | 273 |
| 28 Feb 17 | 1,309 | -1,206 | 318 | 302 |
| 30 Nov 16 | 1,487 | -1,397 | 294 | 338 |
| 31 Aug 16 | 1,746 | -1,369 | 316 | 360 |
| 31 May 16 | 1,902 | -946 | 333 | 383 |
| 29 Feb 16 | 2,160 | -208 | 653 | 469 |
| 28 Nov 15 | 2,356 | 58 | 514 | 458 |
Quality Earnings: BB has high quality earnings.
Growing Profit Margin: BB's current net profit margins (10.3%) are higher than last year (1.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BB has become profitable over the past 5 years, growing earnings by 55.2% per year.
Accelerating Growth: BB's earnings growth over the past year (504%) exceeds its 5-year average (55.2% per year).
Earnings vs Industry: BB earnings growth over the past year (504%) exceeded the Software industry 27.2%.
Return on Equity
High ROE: BB's Return on Equity (8%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/21 21:56 |
| End of Day Share Price | 2026/09/21 00:00 |
| Earnings | 2026/05/31 |
| Annual Earnings | 2026/02/28 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
| Analyst | Institution |
|---|---|
| Jim Marrone | Accountability Research Corporation |
| Richard Kramer | Arete Research Services LLP |
| Richard Tse | ATB Cormark Historical (Cormark Securities) |