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BB · NYSE · United States · Services-Prepackaged Software
In shortBLACKBERRY Ltd is profitable, generates cash and holds more cash than debt, with revenue growing (+2.7% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 8.8% | 46/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 9.7% | 59/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 7.3% | 36/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 4.6% | 31/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.12× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.26× | 96/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 8.05× | 62/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -2.26 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 8.5% | 54/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.87× | 72/100 |
| Years with positive free cash flow (last 5) | 2 of 5 | 25/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 5 | 40/100 |
|---|---|---|
| Years of revenue decline (last 5) | 3 of 5 | 0/100 |
| Revenue growth volatility | 30.7% | 0/100 |
| Operating margin volatility | 19.1% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 1.4% | 25/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 718 | 526 | 759 | 535 | 549 |
| Cost of revenue | 251 | 160 | 268 | 140 | 131 |
| Gross profit | 467 | 367 | 491 | 395 | 418 |
| Research & development | 219 | 134 | 127 | 109 | 114 |
| Selling, general & admin | 297 | 340 | – | – | – |
| Operating income | (2) | (207) | 11 | 0.8 | 48 |
| Interest expense | 6 | 6.4 | 5.6 | 6 | 6 |
| Pre-tax income | 19 | (202) | 30 | 8.5 | 59 |
| Income tax | 7 | 14 | 24 | 17 | 5.8 |
| Net income | 12 | (734) | (130) | (79) | 53 |
| Diluted EPS | −$0.31 | −$1.35 | −$0.22 | −$0.13 | $0.09 |
| Diluted shares (millions) | 631 | 639 | 592 | 591 | 598 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
−2.26 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Aug 31, 2026 · Data updated Sep 24, 2026