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BB Financials Blackberry Ltd

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
-$6B $6B $18B $0 2012 2014 2016 2018 2020 2022 2024 2026
RevenueNet income
Margins (gross / operating / net)
-140% -31% 77% 0% 2012 2014 2016 2018 2020 2022 2024 2026
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-162% -73% 16% 0% 2012 2014 2016 2018 2020 2022 2024 2026
ROEROA
Free cash flow (CFO − capex)
-$442M $784M $2B $0 2012 2014 2016 2018 2020 2022 2024 2026
Free cash flow
Cash vs total debt
$0 $854M $2B 2012 2014 2016 2018 2020 2022 2024 2026
CashTotal debt
Cash flow: operating / investing / financing
-$3B -$56M $3B $0 2012 2014 2016 2018 2020 2022 2024 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
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

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.

Price / earnings (P/E)
0.0 69.5 139.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 6.7 13.5 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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.