Company Analysis

BlackBerry Limited (BB)

NYSE: BB · Services-Prepackaged Software · Waterloo, ON · filing with the SEC since 1999
Grade5.0
◀ Past 4.3● Present 4.8▶ Future 5.5

The grade of BlackBerry Limited

Nine metrics read from its own filings, by tense
Headline grade
5.0/10
◀ Past4.325% of the headline
● Present4.835% of the headline
▶ Future5.540% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

4.3/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.3/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2020-09-02.

weight 22% of this tense · 23rd percentile among 230 sector filers · read for itself

From the record

BlackBerry Limited's filings since 2017 show 2 warning events of 2 kinds: a debt default or acceleration notice (8-K item 2.04, the latest 2020-09-02); an auditor change (8-K item 4.01, the latest 2020-04-27) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.1/10

What has it actually done, year after year?

-9.2% a year over 10 filed years; profitable in 4 of 10.

weight 45% of this tense · 21st percentile among 213 sector filers · read for its customers

From the record

BlackBerry Limited's 10 filed years say what it did: revenue went from $1.3 billion in fiscal 2017 to $549 million in fiscal 2026, down 9.2% a year; it rose in 3 of 9 years; the deepest fall was 60% from fiscal 2017 to fiscal 2023; net income was positive in 4 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-9.2%bottom 5% of its family
  • the share of years revenue rosebottom 6% of its family
  • the share of filed years with a profittop 38% of its family
  • the deepest fall from a revenue peak59.8%bottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.8/10

How has it treated the people who own it?

Share count shrank 2.2% a year. 96% of cash flow returned. Insiders: 45 sales, 1 purchases.

weight 33% of this tense · 88th percentile among 152 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-02-28, BlackBerry Limited's diluted share count shrank about 2.2% a year, and dividends and buybacks returned about 96% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 45 sales and 1 purchase of their own stock on the open market in the year to 2026-11-05, buying about $41 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearstop 11% of its family
  • cash returned against operating cash flowtop 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.8/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
5.8/10

Is it financially healthy right now?

ROE 7%: 7¢ of profit per shareholder dollar. Leverage 40%: owes 40¢ per asset dollar.

weight 45% of this tense · 58th percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-02-28, BlackBerry Limited earned about 7 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 34 cents per dollar of everything the company owns. Leverage: it owed about 40 cents per dollar of assets, and net share issuance: its share count grew 1.0% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 43% of its family
  • return on equitytop 36% of its family
  • gross profit against assetsbottom 49% of its family
  • the share count against the year beforetop 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.9/10

How strong is its position in its industry?

bottom 49% of 218 in its family; net margin 9.7%.

weight 33% of this tense · 49th percentile among 218 sector filers · read for its customers

From the record

BlackBerry Limited's standing among 218 graded names in its industry family: revenue of $549 million in fiscal 2026 ranks in the top 47% by size; a net margin of 9.7% ranks in the top 27%; revenue growth of 1.4% a year over the last 3 filed years ranks in the bottom 22% (its annual reports).

What it rests on

  • revenue against the family$549Mtop 47% of its family
  • net margin9.7%top 27% of its family
  • three-year revenue growth1.4%bottom 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.3/10

What are the people in charge doing?

bottom 23% of 139 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 23rd percentile among 139 sector filers · read for its shareholders

From the record

BlackBerry Limited's leadership, from its insiders' filings and its current reports: the chief executive on the record is Giamatteo, John Joseph (CEO & President, Secure Comm., as filed), filing under that title since 2024-01-04, 2.9 years (bottom 39% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 2.8 years (bottom 7%); 11 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (bottom 23%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge11 in three years among 14 peoplebottom 23% of its family
  • the median years the people in charge have filed2.8 yearsbottom 7% of its family
  • the chief executive's years on the record2.9 yearsbottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.5/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.8/10

How much room does it have to grow?

bottom 48% of 216 in its family for room to expand.

weight 22% of this tense · 48th percentile among 216 sector filers · read for itself

From the record

BlackBerry Limited's room to grow, from the newest filed statements (fiscal 2026): cash of $275 million against debt of $197 million leaves 6.3% of its assets as net cash, bottom 36% of its family; cash from operations less capital spending is 8.5% of revenue (bottom 41%); a gross margin of 76.2% (top 33%); research spending of 20.7% of revenue (bottom 49%) (its annual report).

What it rests on

  • cash less debt against assets6.3%bottom 36% of its family
  • cash from operations less capital spending against revenue8.5%bottom 41% of its family
  • gross margin76.2%top 33% of its family
  • research spending against revenue20.7%bottom 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.2/10

What could actually drive growth from here?

bottom 42% of 213 in its family for growth drivers.

weight 45% of this tense · 42nd percentile among 213 sector filers · read for its customers

From the record

BlackBerry Limited's growth drivers, from the filed years to fiscal 2026: revenue grew 1.4% a year over the last three filed years against -9.2% over all 10, speeding up (top 3% of its family); the newest year grew 2.7% (bottom 24%); research spending grew -5.4% a year (bottom 21%); capital spending grew -19.6% a year (bottom 28%) (its annual reports). BlackBerry Limited reported 3 lines of business in fiscal 2026: QNX at $268 million (49%), Secure Communications at $259 million (47%), Licensing at $22 million (4%); 1 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+10.6 points a yeartop 3% of its family
  • the newest year's revenue growth2.7%bottom 24% of its family
  • three-year growth of research spending-5.4%bottom 21% of its family
  • three-year growth of capital spending-19.6%bottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.8/10

Did its newest year beat what its own record pointed to?

top 22% of 194 in its family for expectations against reality.

weight 33% of this tense · 78th percentile among 194 sector filers · read for its shareholders

From the record

BlackBerry Limited's newest year against its own record: revenue of $549 million in fiscal 2026 came in 1.8% above the $539 million its prior three years' pace pointed to (top 38% of its family); net income of $53 million against a prior three-year average of $315 million (top 19%); a net margin of 9.7% against -57.2% before (top 10%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace1.8%top 38% of its family
  • net income against the prior three years' average+117%top 19% of its family
  • net margin against its prior average+66.8 pointstop 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BB · research, not advice