BLACKBERRY Ltd

Listed Company

BBCIK 0001070235NYSELarge AcceleratedServices-Prepackaged SoftwareCAFY ends Feb 28

Period

FY 2026

Revenue

$549.10M

Net Income

—

Total Assets

$1.25B

Equity

$746.00M

Shares Out

587.88M

Op. Cash Flow

$50.30M

Business

BLACKBERRY Ltd provides intelligent software and services to enterprises, governments and OEMs, focused on embedded foundational software and secure communications. Its offerings include the QNX real-time OS, hypervisors and development tools; BlackBerry Radar telematics; Certicom cryptography; IVY vehicle data platform; BlackBerry UEM, SecuSUITE and AtHoc; and patent licensing. The company operates three divisions—QNX, Secure Communications and Licensing—targeting automotive, industrial, medical and regulated enterprise markets. Products are distributed via direct sales, channel partners, resellers and OEM agreements across North America, Europe, Asia‑Pacific and other international markets.

Summary from filing dated 2025-04-02

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-02-28	FY 2025 2025-02-28	FY 2024 2024-02-29	FY 2023 2023-02-28	FY 2022 2022-02-28
Revenues	549	535	759	526	718
Cost of Revenue	−131	−140	−268	−160	−251
Gross margin	418	395	491	367	467
Research and development	114	109	127	134	219
Sales and marketing	114	96	104	103	183
General and administrative	129	160	187	172	114
Amortization	11	18	27	27	165
Goodwill impairment loss continuing operations	—	0	16	112	—
Impairment of long-lived assets (note 4)	2	10	15	4	0
Prior Debentures fair value adjustment	0	0	4	−137	−212
Litigation settlement	0	3	0	165	0
Total operating expenses	370	394	480	573	469
Operating income	48	800,000	11	−207	−2
Investment income, net (note 4 and note 7)	11	8	19	5	21
Income before income tax	59	9	30	−202	19
Provision for income taxes (note 6)	6	17	24	14	7
Consolidated income from continuing operations before income taxes	53	−9	6	−216	—
Gain from disposal of discontinued operation, net of tax (note 3)	0	10	0	0	—
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax	0	−81	−136	−519	—
Earnings Per Share, Basic	0.09	−0.13	−0.22	−1.27	0.02
Earnings Per Share, Diluted	0.09	−0.13	−0.22	−1.35	−0.31
Diluted earnings (loss) per share from continuing operations	0.09	−0.01	0.01	−0.54	—
Basic earnings (loss) per share from continuing operations	0.09	−0.01	0.01	−0.37	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-02-28	FY 2025 2025-02-28	FY 2024 2024-02-29	FY 2023 2023-02-28	FY 2022 2022-02-28
Cash and cash equivalents (note 4)	275	267	175	296	378
Short-term Investments	85	71	62	131	334
Accounts Receivable, after Allowance for Credit Loss, Current	156	174	199	120	138
Other receivables (note 5)	8	48	21	12	25
Income taxes receivable	3	2	4	3	9
Other current assets (note 5)	42	30	35	182	159
Total current assets	568	592	508	743	1,043
Restricted cash and cash equivalents (note 4)	14	14	25	27	28
Long-term investments	58	59	36	34	30
Other long-term assets (note 4)	56	77	55	8	9
Operating lease right-of-use assets, net	17	22	32	44	50
Property, plant and equipment, net (note 5)	12	13	21	25	41
Intangible assets, net (note 5)	40	47	58	203	522
Goodwill (note 5)	479	472	475	489	844
Total assets	1,245	1,296	1,395	1,679	2,567
Accounts payable	6	31	17	24	22
Accrued liabilities (note 5)	112	126	114	143	157
Income taxes payable (note 6)	12	26	28	20	11
Deferred revenue, current (note 13)	139	162	149	175	207
Total current liabilities	268	344	357	729	397
Deferred revenue, non-current	14	6	15	40	37
Operating lease liabilities	19	29	38	52	66
Other long-term liabilities	2	2	3	1	4
Long-term notes (note 7)	197	195	194	0	—
Total liabilities	499	576	620	822	1,011
Preferred shares: authorized unlimited number of non-voting, cumulative, redeemable and retractable	0	0	0	0	0
Common shares: authorized unlimited number of non-voting, redeemable, retractable Class A common shares and unlimited number of voting common shares Issued - 587,431,120 voting common shares (February 28, 2025 - 590,230,655)	2,924	2,976	2,948	2,909	2,869
Deficit	−2,167	−2,237	−2,158	−2,028	−1,294
Accumulated other comprehensive income (loss)	−11	−19	−14	−24	−19
Total shareholders' equity	746	720	775	857	1,556
Total liabilities and shareholders' equity	1,245	1,296	1,395	1,679	2,567

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-02-28	FY 2025 2025-02-28	FY 2024 2024-02-29	FY 2023 2023-02-28	FY 2022 2022-02-28
Amortization	18	45	59	105	176
Stock-based compensation	23	26	33	34	36
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	0	−10	0	0	—
Impairment of goodwill	0	0	35	245	—
Intellectual property disposed of by sale	0	0	147	0	0
Operating leases	−11	−11	−14	−15	−16
Other	1	2	2	6	−3
Accounts receivable, net of allowance	18	25	−79	18	44
Other receivables	3	12	−9	13	0
Income taxes receivable	−1	2	−500,000	6	1
Other assets	8	−16	−54	−500,000	15
Accounts payable	−27	14	−7	3	2
Accrued liabilities	−10	6	−20	−12	−16
Income taxes payable	−13	−3	9	9	5
Deferred revenue	−15	−6	8	−29	−50
Net cash provided by (used in) operating activities	50	17	−4	−262	−28
Acquisition of long-term investments	0	0	−2	−3	−1
Proceeds on sale, maturity or distribution from long-term investments	1	0	0	0	35
Acquisition of property, plant and equipment	−4	−3	−7	−7	−8
Acquisition of intangible assets	−6	−7	−14	−34	−31
Change in consideration for business acquisition	38	80	0	—	0
Acquisition of short-term investments	−154	−155	−154	−514	−916
Proceeds on sale or maturity of short-term investments	140	146	224	716	1,104
Net cash provided by investing activities	16	61	47	175	207
Issuance of common shares	3	3	6	6	10
Repayments of Debt	0	0	−515	0	0
Proceeds from Issuance of Extension Debentures and Notes (note 7)	0	0	344	0	0
Net cash provided by (used in) financing activities	−58	3	−165	6	10
Effect of foreign exchange gain (loss) on cash, cash equivalents, restricted cash, and restricted cash equivalents	900,000	−500,000	200,000	−3	−1
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents during the year	9	80	−122	−84	188

Filings

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