📊 BB Key Takeaways
Investment Thesis
BlackBerry faces significant fundamental challenges with revenue declining 29.5% YoY despite marginal net income improvement, indicating deteriorating core business performance. While the company maintains solid liquidity and manageable leverage, the critically weak free cash flow generation (0.4% FCF margin on declining revenue) and poor returns on capital (ROE 3.9%, ROA 2.4%) suggest the business is struggling to convert sales into shareable value.
BB Strengths
- Strong gross margins at 75.5% indicate pricing power and efficient cost of goods sold
- Solid liquidity position with 2.14x current ratio and $270.3M cash buffer
- Conservative debt structure with 0.26x debt-to-equity ratio and 5.6x interest coverage
BB Risks
- Severe revenue contraction of 29.5% YoY signals substantial market share loss or product demand deterioration
- Operating cash flow of $4.2M against capital requirements of $2.6M leaves minimal cash generation for growth, debt service, or shareholder returns
- Minimal free cash flow (1.6M) and 0.4% FCF margin combined with low returns on capital (ROE 3.9%) suggest business is uneconomical despite profitability on paper
Key Metrics to Watch
- Revenue stabilization and YoY growth trends
- Operating cash flow sustainability and free cash flow conversion
- Return on equity and return on assets improvement trajectory
BB Financial Metrics
💡 AI Analyst Insight
The relatively thin 0.4% FCF margin may limit capital allocation flexibility. Strong liquidity with a 2.14x current ratio provides a solid financial cushion.
BB Profitability Ratios
BB vs Technology Sector
How BLACKBERRY Ltd compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BB Balance Sheet & Liquidity
BB 5-Year Financial Trend
5-Year Trend Summary: BLACKBERRY Ltd's revenue has declined by 27% over the 5-year period, indicating business contraction. The most recent EPS of $-1.35 indicates the company is currently unprofitable.
BB Growth Metrics (YoY)
BB Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $141.8M | -$10.5M | $-0.02 |
| Q2 2025 | $126.2M | $13.3M | $0.02 |
| Q1 2025 | $121.7M | $1.9M | $0.00 |
| Q3 2024 | $169.0M | -$4.0M | $-0.05 |
| Q2 2024 | $132.0M | -$42.0M | $-0.07 |
| Q1 2024 | $168.0M | -$11.0M | $-0.02 |
| Q3 2023 | $169.0M | -$4.0M | $-0.05 |
| Q2 2023 | $168.0M | -$54.0M | $-0.10 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BB Capital Allocation
BB SEC Filings
Access official SEC EDGAR filings for BLACKBERRY Ltd (CIK: 0001070235)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 3, 2026 | 4 | xslF345X05/wk-form4_1772573738.xml | View → |
| Mar 3, 2026 | 4 | xslF345X05/wk-form4_1772573730.xml | View → |
| Mar 3, 2026 | 4 | xslF345X05/wk-form4_1772573718.xml | View → |
| Mar 3, 2026 | 4 | xslF345X05/wk-form4_1772573708.xml | View → |
| Mar 3, 2026 | 4 | xslF345X05/wk-form4_1772573698.xml | View → |
❓ Frequently Asked Questions about BB
What is the AI rating for BB?
BLACKBERRY Ltd (BB) has an AI rating of SELL with 75% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BB's key strengths?
Strong gross margins at 75.5% indicate pricing power and efficient cost of goods sold. Solid liquidity position with 2.14x current ratio and $270.3M cash buffer.
What are the risks of investing in BB?
Severe revenue contraction of 29.5% YoY signals substantial market share loss or product demand deterioration. Operating cash flow of $4.2M against capital requirements of $2.6M leaves minimal cash generation for growth, debt service, or shareholder returns.
What is BB's revenue and growth?
BLACKBERRY Ltd reported revenue of $393.1M.
Does BB pay dividends?
BLACKBERRY Ltd does not currently pay dividends.
Where can I find BB SEC filings?
Official SEC filings for BLACKBERRY Ltd (CIK: 0001070235) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BB's EPS?
BLACKBERRY Ltd has a diluted EPS of $0.05.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.