BBNYSEServices-Prepackaged SoftwareFiscal year ends February 28
BLACKBERRY Ltd
Financials through Q2 FY2027, quarter ended Aug 31, 2026Last filing: 10-Q on Sep 24, 2026
$8.16+0.10 (+1.24%)
Close on Oct 19, 2026
- Market cap
- $5.30B
- P/E (TTM)
- 68.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
76.2%+4.2 pts over 5 years
Operating margin
8.8%+132.8 pts over 5 years
Net margin
9.7%+133.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.7% | +1.4% | -9.3% | -12.8% | |
| Gross profit | +5.9% | +4.5% | -8.2% | -7.8% | |
| Operating income | +5937.5% | – | – | – | |
| Free cash flow | +247.0% | – | -8.9% | -14.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | -45.8% | -54.7% | 7.3% | |
| Return on assets | -27.3% | -32.9% | 4.2% | |
| Current ratio | 2.76 | 2.34 | 2.12 | |
| Interest coverage | – | -73.8× | 8.1× | |
| Inventory turnover | 8.2× | – | – | |
| Capex to revenue | 1.3% | 0.9% | 0.7% | |
| Diluted shares | 525M | 561M | 598M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Blackberry generated $360.50M from operations and spent $90.00M on capital expenditure, dividends and share buybacks. 33% of that went back into the business.
Generated
$360.50M
Used
$90.00M
Capital expenditure$29.30M33%Dividends$00%Share buybacks$60.70M67%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.7%
×Asset turnover0.43×
×Equity multiplier1.73×
=Return on equity, FY20267.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 9.7% | 0.43× | 1.73× | 7.3% |
| FY2025 | -14.8% | 0.40× | 1.80× | -10.6% |
| FY2024 | -17.2% | 0.49× | 1.88× | -16.0% |
| FY2023 | -139.5% | 0.25× | 1.76× | -60.9% |
| FY2022 | 1.7% | 0.27× | 1.76× | 0.8% |
| FY2021 | -123.6% | 0.27× | 1.66× | -54.7% |
| FY2020 | -14.6% | 0.26× | 1.52× | -5.9% |
| FY2019 | 10.3% | 0.23× | 1.51× | 3.6% |
| FY2018 | 43.5% | 0.26× | 1.55× | 17.8% |
| FY2017 | -92.1% | 0.30× | 1.68× | -45.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
6of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$53.20M
- Cash generatingOperating cash flow above zero$50.30M
- Return on assets improvedROA up on the prior year-5.7% → 4.1%
- Earnings backed by cashOperating cash flow above net income$50.30M vs $53.20M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.72 → 2.12
- No dilutionShare count did not rise591M → 598M
- Gross margin improvedGross margin up on the prior year73.83% → 76.16%
- More efficientAsset turnover rose0.38 → 0.42