15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 9.3% per year over the past 5 years.
Operating margin has expanded, at 8.8% in the latest year.
Free cash flow has declined 8.9% per year over the past 5 years.
Financial health
The company holds more cash ($275M) than total debt ($197M).
Total debt is 3.0× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$549M
$53M
76.2%
8.8%
7.1%
4.3%
$47M
$197M
$275M
2025
$535M
-$79M
73.8%
0.1%
-11.0%
-6.1%
$13M
$195M
$267M
2024
$759M
-$130M
64.6%
1.4%
-16.8%
-9.3%
-$11M
$194M
$175M
2023
$526M
-$734M
69.7%
-39.3%
-85.7%
-43.7%
-$270M
$0
$296M
2022
$718M
$12M
65.0%
-0.3%
0.8%
0.5%
-$36M
—
$378M
2021
$893M
-$1.1B
72.0%
-124.0%
-73.4%
-39.2%
$74M
—
$214M
2020
$1.0B
-$152M
73.4%
-14.3%
-6.0%
-3.9%
$14M
—
$377M
2019
$904M
$93M
77.2%
6.6%
3.5%
2.3%
$83M
—
$548M
2018
$932M
$405M
71.9%
30.4%
16.2%
10.7%
$689M
—
$816M
2017
$1.3B
-$1.2B
47.1%
-90.2%
-58.6%
-36.6%
-$241M
—
$734M
2016
$2.2B
-$208M
43.6%
-10.3%
-6.5%
-3.8%
$225M
—
$957M
2015
$3.3B
-$304M
48.1%
-12.7%
-8.9%
-4.6%
$726M
$1.7B
$1.2B
2014
$6.8B
-$5.9B
-0.6%
-105.1%
-162.0%
-77.8%
-$442M
$1.6B
$1.6B
2013
$11.1B
-$646M
31.0%
-11.2%
-6.8%
-4.9%
$1.9B
$0
$1.5B
2012
$18.4B
$1.2B
35.7%
8.1%
11.5%
8.5%
$2.0B
—
$1.5B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Aug '26
$163M
$34M
77.8%
20.6%
4.3%
2.7%
$28M
$197M
$266M
May '26
$153M
$9M
78.3%
10.0%
1.1%
0.7%
$2M
$197M
$257M
Nov '25
$142M
$14M
77.5%
8.4%
1.8%
1.1%
$17M
$196M
$270M
Aug '25
$130M
$13M
74.5%
8.9%
1.8%
1.1%
$3M
$196M
$276M
May '25
$122M
$2M
74.2%
1.6%
0.3%
0.2%
-$19M
$196M
$276M
Feb '25
$144M
-$7M
73.6%
-4.3%
-1.0%
-0.5%
$41M
$195M
$267M
Nov '24
$144M
-$11M
78.1%
13.6%
-1.4%
-0.8%
$3M
—
$189M
Aug '24
$126M
-$20M
70.2%
1.7%
-2.7%
-1.5%
-$15M
—
$171M
May '24
$144M
-$42M
66.7%
-27.1%
-5.7%
-3.2%
-$16M
—
$143M
Feb '24
$153M
-$56M
80.8%
-9.1%
-7.3%
-4.0%
-$18M
$194M
$175M
Nov '23
$152M
-$21M
78.3%
11.8%
-2.5%
-1.5%
-$33M
—
$210M
Aug '23
$132M
-$42M
64.4%
-35.6%
-5.1%
-2.6%
-$57M
—
$415M
May '23
$373M
-$11M
48.0%
-2.9%
-1.3%
-0.7%
$97M
—
$358M
Feb '23
$151M
-$495M
66.2%
-330.5%
-57.8%
-29.5%
-$12M
$0
$296M
Nov '22
$169M
-$4M
64.5%
-1.2%
-0.3%
-0.2%
-$188M
—
$255M
Aug '22
$168M
-$54M
63.1%
-28.0%
-4.1%
-2.3%
-$27M
—
$431M
May '22
$168M
-$181M
61.9%
-105.4%
-13.1%
-7.4%
-$43M
—
$391M
Feb '22
$185M
$144M
67.0%
78.9%
9.3%
5.6%
$7M
—
$378M
Nov '21
$184M
$74M
63.6%
27.7%
5.3%
2.8%
-$21M
—
$271M
Aug '21
$175M
-$144M
64.0%
-80.6%
-10.9%
-5.5%
$13M
—
$291M
Valuation over time
How the market has priced BB against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 35.8× (Mar '26) to 88.7× (Nov '26).
The price-to-sales ratio has risen from 5.1× (Mar '23) to 8.6× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is BB growing its revenue and profit?
Over the past 5 years, Blackberry Ltd's revenue has declined 9.3% per year. These are computed facts, not advice.
How much debt does BB have?
As of FY2026, Blackberry Ltd reported $197M of total debt against $275M of cash.
What is BB's profit margin?
In FY2026, gross margin was 76.2%, operating margin 8.8%, and net margin 9.7%.
What is BB's P/E ratio?
Blackberry Ltd's P/E (TTM) is 88.72 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the BB stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 88.7× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.