Cash flow BlackBerry Limited

Equities

BB

CA09228F1036

Software

Market Closed - Toronto S.E. Other stock markets 04:00:00 2026-02-06 pm EST			5-day change	1st Jan Change
4.740 ^CAD	+2.38%		-2.27%	-8.49%

Feb. 03	BlackBerry's QNX Expands Collaboration With Haleytek	MT
Feb. 03	Blackberry Brief: QNX and Haleytek Joining Forces to Deliver Software-Defined Audio for Volvo Cars' EX60 EV SUV	MT

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Published financial data: BLACKBERRY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2021	2022	2023	2024	2025
Revenues	893M	718M	656M	853M	535M
Total Revenues	893M	718M	656M	853M	535M
Cost of Goods Sold, Total	250M	251M	237M	333M	140M
Gross Profit	643M	467M	419M	520M	395M
Selling General & Admin Expenses, Total	395M	343M	333M	315M	229M
R&D Expenses	215M	219M	207M	186M	109M
Amortization of Goodwill and Intangible Assets - (IS)	182M	165M	96M	54M	17.7M
Other Operating Expenses, Total	792M	727M	636M	555M	356M
Operating Income	-149M	-260M	-217M	-35M	39.3M
Interest Expense, Total	-15M	-6M	-6M	-6M	-6M
Interest And Investment Income	9M	27M	11M	25M	13.7M
Net Interest Expenses	-6M	21M	5M	19M	7.7M
EBT, Excl. Unusual Items	-155M	-239M	-212M	-16M	47M
Restructuring Charges	-2M	-	-11M	-37M	-26.1M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-594M	-	-245M	-35M	-
Gain (Loss) On Sale Of Assets	-	-	6M	-	-
Asset Writedown	-43M	-	-235M	-15M	-9.6M
Legal Settlements	-	-	-165M	-	-2.8M
Other Unusual Items	-319M	258M	142M	-3M	-
EBT, Incl. Unusual Items	-1.11B	19M	-720M	-106M	8.5M
Income Tax Expense	-9M	7M	14M	24M	17M
Earnings From Continuing Operations	-1.1B	12M	-734M	-130M	-8.5M
Earnings Of Discontinued Operations	-	-	-	-	-70.5M
Net Income to Company	-1.1B	12M	-734M	-130M	-79M
Net Income - (IS)	-1.1B	12M	-734M	-130M	-79M
Net Income to Common Incl Extra Items	-1.1B	12M	-734M	-130M	-79M
Net Income to Common Excl. Extra Items	-1.1B	12M	-734M	-130M	-8.5M
Per Share Items
Net EPS - Basic	-1.97	0.02	-1.27	-0.22	-0.13
Basic EPS - Continuing Operations	-1.97	0.02	-1.27	-0.22	-0.01
Basic Weighted Average Shares Outstanding	561M	571M	579M	585M	591M
Net EPS - Diluted	-1.97	-0.31	-1.35	-0.22	-0.13
Diluted EPS - Continuing Operations	-1.97	-0.31	-1.35	-0.22	-0.01
Diluted Weighted Average Shares Outstanding	561M	631M	639M	585M	591M
Normalized Basic EPS	-0.17	-0.26	-0.23	-0.02	0.05
Normalized Diluted EPS	-0.17	-0.24	-0.21	-0.02	0.05
Supplemental Items
EBITDA	49M	-84M	-112M	24M	63.5M
EBITA	28M	-99M	-124M	14M	56M
EBIT	-149M	-260M	-217M	-35M	39.3M
EBITDAR	80M	-62M	-93M	41M	75M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	0.81	36.84	-1.94	-22.64	200
Current Domestic Taxes	-2M	-1M	1M	2M	5.3M
Current Foreign Taxes	-7M	8M	13M	22M	11.7M
Total Current Taxes	-9M	7M	14M	24M	17M
Deferred Domestic Taxes	-	-	-	-	-
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-96.88M	-149M	-132M	-10M	29.38M
Interest on Long-Term Debt	15M	6M	6M	6M	6M
Supplemental Operating Expense Items
Advertising Expense	24M	25M	29M	22M	16.8M
Selling and Marketing Expenses	24M	25M	29M	171M	95.5M
General and Administrative Expenses	-	-	-	126M	120M
Research And Development Expense From Footnotes	215M	219M	207M	186M	109M
Net Rental Expense, Total	31M	22M	19M	17M	11.5M
Imputed Operating Lease Interest Expense	4.65M	1.46M	1.75M	2.35M	2.25M
Imputed Operating Lease Depreciation	26.35M	20.54M	17.25M	14.65M	9.25M
Stock-Based Comp., COGS (Total)	5M	4M	3M	3M	2.4M
Stock-Based Comp., R&D Exp. (Total)	11M	8M	9M	8M	5.3M
Stock-Based Comp., S&M Exp. (Total)	-	-	-	6M	2.8M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	16M	10.1M
Stock-Based Comp., SG&A Exp. (Total)	36M	18M	19M	-	-
Stock-Based Comp., Other (Total)	-	6M	3M	-	5M
Total Stock-Based Compensation	52M	36M	34M	33M	25.6M

Fiscal Period: February	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	214M	378M	295M	175M	267M
Short Term Investments	525M	334M	131M	62M	71.1M
Total Cash And Short Term Investments	739M	712M	426M	237M	338M
Accounts Receivable, Total	182M	138M	120M	199M	174M
Other Receivables	35M	34M	15M	25M	50M
Total Receivables	217M	172M	135M	224M	224M
Inventory	-	-	-	-	-
Other Current Assets, Total	50M	159M	182M	47M	30M
Total Current Assets	1.01B	1.04B	743M	508M	592M
Gross Property Plant And Equipment	322M	206M	158M	141M	120M
Accumulated Depreciation	-211M	-115M	-89M	-88M	-84.5M
Net Property Plant And Equipment	111M	91M	69M	53M	35.4M
Long-term Investments	37M	30M	34M	36M	58.9M
Goodwill	849M	844M	595M	562M	472M
Other Intangibles, Total	771M	522M	203M	154M	47.3M
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	-	-	-	-	-
Deferred Charges Long-Term	-	-	-	-	6.3M
Other Long-Term Assets, Total	44M	37M	35M	82M	83.8M
Total Assets	2.82B	2.57B	1.68B	1.4B	1.3B
Liabilities
Accounts Payable, Total	20M	22M	24M	17M	31.1M
Accrued Expenses, Total	145M	129M	119M	77M	102M
Current Portion of Long-Term Debt	-	-	367M	-	-
Current Portion of Leases	33M	28M	24M	20M	15M
Current Income Taxes Payable	6M	11M	20M	28M	25.5M
Unearned Revenue Current, Total	225M	207M	175M	194M	162M
Other Current Liabilities	-	-	-	20M	9.2M
Total Current Liabilities	429M	397M	729M	356M	344M
Long-Term Debt	720M	507M	-	194M	195M
Long-Term Leases	90M	66M	52M	38M	28.7M
Unearned Revenue Non Current	69M	37M	40M	28M	5.6M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	6M	4M	1M	3M	1.8M
Total Liabilities	1.31B	1.01B	822M	619M	576M
Common Stock, Total	2.82B	2.87B	2.91B	2.95B	2.98B
Retained Earnings	-1.31B	-1.29B	-2.03B	-2.16B	-2.24B
Comprehensive Income and Other	-13M	-19M	-24M	-14M	-19.2M
Total Common Equity	1.5B	1.56B	857M	776M	720M
Total Equity	1.5B	1.56B	857M	776M	720M
Total Liabilities And Equity	2.82B	2.57B	1.68B	1.4B	1.3B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	566M	576M	582M	589M	596M
ECS Total Common Shares Outstanding	566M	576M	582M	589M	596M
Book Value / Share	2.66	2.7	1.47	1.32	1.21
Tangible Book Value	-116M	190M	59M	60M	200M
Tangible Book Value Per Share	-0.21	0.33	0.1	0.1	0.34
Total Debt	843M	601M	443M	252M	239M
Net Debt	104M	-111M	17M	15M	-98.8M
Debt Equivalent Oper. Leases	248M	176M	152M	136M	92M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Land - (BS)	-	-	-	-	-
Buildings, Total	67M	-	-	-	-
Machinery, Total	82M	11M	11M	9M	6.8M
Full Time Employees	3.5K	3.32K	3.18K	2.65K	1.82K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	10M	4M	1M	6M	6.6M
Order Backlog	-	-	-	815M	865M

Fiscal Period: February	2021	2022	2023	2024	2025
Net Income	-1.1B	12M	-734M	-130M	-79M
Depreciation & Amortization - CF	21M	15M	12M	10M	7.5M
Amortization of Goodwill and Intangible Assets - (CF)	177M	161M	93M	49M	16.7M
Depreciation & Amortization, Total	198M	176M	105M	59M	24.2M
(Gain) Loss From Sale Of Asset	-	-	-6M	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-22M	-	-	-
Asset Writedown & Restructuring Costs	637M	-	480M	50M	9.6M
Stock-Based Compensation (CF)	44M	36M	34M	33M	25.6M
Net Cash From Discontinued Operations	-	-	-	-	10.1M
Other Operating Activities, Total	363M	-231M	-149M	140M	-8.5M
Change In Accounts Receivable	29M	44M	18M	-79M	25M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	-11M	2M	2M	-7M	14.2M
Change in Unearned Revenues	-79M	-50M	-29M	7M	-5.9M
Change In Income Taxes	-19M	6M	15M	7M	-900K
Change in Other Net Operating Assets	24M	-1M	1M	-83M	2.1M
Cash from Operations	82M	-28M	-263M	-3M	16.5M
Capital Expenditure	-8M	-8M	-7M	-7M	-3.1M
Sale of Property, Plant, and Equipment	-	-	17M	-	-
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-36M	-31M	-34M	-14M	-7M
Investment in Marketable and Equity Securities, Total	3M	222M	200M	67M	-9M
Other Investing Activities, Total	-24M	24M	-	-	79.8M
Cash from Investing	-65M	207M	176M	46M	60.7M
Long-Term Debt Issued, Total	365M	-	-	344M	-
Total Debt Issued	365M	-	-	344M	-
Long-Term Debt Repaid, Total	-611M	-	-	-515M	-
Total Debt Repaid	-611M	-	-	-515M	-
Issuance of Common Stock	19M	10M	6M	6M	3.1M
Repurchase of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-227M	10M	6M	-165M	3.1M
Foreign Exchange Rate Adjustments	2M	-1M	-3M	-	-500K
Net Change in Cash	-208M	188M	-84M	-122M	79.8M
Supplemental Items
Cash Interest Paid	15M	6M	6M	6M	6M
Cash Income Tax Paid (Refund)	3M	-1M	-3M	9M	12.2M
Levered Free Cash Flow	36.5M	-84.25M	-58.38M	89.38M	69.21M
Unlevered Free Cash Flow	45.88M	-80.5M	-54.62M	93.12M	72.96M
Change In Net Working Capital	67M	91M	17M	-44M	-8.7M
Net Debt Issued / Repaid	-246M	-	-	-171M	-

Fiscal Period: February	2021	2022	2023	2024	2025
Profitability
Return on Assets	-2.78	-6.04	-6.39	-1.42	1.83
Return on Total Capital	-3.31	-7.22	-7.85	-1.88	2.47
Return On Equity %	-54.75	0.78	-60.84	-15.92	-1.14
Return on Common Equity	-54.75	0.78	-60.84	-15.92	-1.14
Margin Analysis
Gross Profit Margin %	72	65.04	63.87	60.96	73.83
SG&A Margin	44.23	47.77	50.76	36.93	42.83
EBITDA Margin %	5.49	-11.7	-17.07	2.81	11.87
EBITA Margin %	3.14	-13.79	-18.9	1.64	10.47
EBIT Margin %	-16.69	-36.21	-33.08	-4.1	7.35
Income From Continuing Operations Margin %	-123.63	1.67	-111.89	-15.24	-1.59
Net Income Margin %	-123.63	1.67	-111.89	-15.24	-14.77
Net Avail. For Common Margin %	-123.63	1.67	-111.89	-15.24	-1.59
Normalized Net Income Margin	-10.85	-20.8	-20.2	-1.17	5.49
Levered Free Cash Flow Margin	4.09	-11.73	-8.9	10.48	12.94
Unlevered Free Cash Flow Margin	5.14	-11.21	-8.33	10.92	13.64
Asset Turnover
Asset Turnover	0.27	0.27	0.31	0.55	0.4
Fixed Assets Turnover	5.86	7.11	8.2	13.98	12.1
Receivables Turnover (Average Receivables)	4.5	4.49	5.09	5.35	2.87
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	2.34	2.63	1.02	1.43	1.72
Quick Ratio	2.23	2.23	0.77	1.29	1.63
Operating Cash Flow to Current Liabilities	0.19	-0.07	-0.36	-0.01	0.05
Days Sales Outstanding (Average Receivables)	81.13	81.34	71.78	68.44	127.06
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	37.23	30.54	35.42	22.53	62.44
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	56.05	38.62	51.69	32.47	33.2
Total Debt / Total Capital	35.92	27.86	34.08	24.51	24.92
LT Debt/Equity	53.86	36.83	6.07	29.9	31.12
Long-Term Debt / Total Capital	34.51	26.56	4	22.57	23.36
Total Liabilities / Total Assets	46.63	39.38	48.96	44.37	44.44
EBIT / Interest Expense	-9.93	-43.33	-36.17	-5.83	6.55
EBITDA / Interest Expense	5.33	-10.33	-15.5	6.83	12.5
(EBITDA - Capex) / Interest Expense	4.8	-11.67	-16.67	5.67	11.98
Total Debt / EBITDA	10.54	-9.69	-4.76	6.15	3.19
Net Debt / EBITDA	1.3	1.79	-0.18	0.37	-1.32
Total Debt / (EBITDA - Capex)	11.71	-8.59	-4.43	7.41	3.32
Net Debt / (EBITDA - Capex)	1.44	1.59	-0.17	0.44	-1.37
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-14.13	-19.6	-8.64	30.03	-29.54
Gross Profit, 1 Yr. Growth %	-16.28	-27.37	-10.28	24.1	-19.52
EBITDA, 1 Yr. Growth %	-19.67	-271.43	33.33	-121.43	-43.76
EBITA, 1 Yr. Growth %	-24.32	-453.57	25.25	-111.29	-45.63
EBIT, 1 Yr. Growth %	-1.32	74.5	-16.54	-83.87	-51.84
Earnings From Cont. Operations, 1 Yr. Growth %	626.32	-101.09	-6.22K	-82.29	-251.79
Net Income, 1 Yr. Growth %	626.32	-101.09	-6.22K	-82.29	-39.32
Normalized Net Income, 1 Yr. Growth %	3.33	54.19	-11.3	-92.45	-53.19
Diluted EPS Before Extra, 1 Yr. Growth %	520.66	-84.4	340.77	-83.58	-250
Accounts Receivable, 1 Yr. Growth %	-15.35	-24.18	-13.04	65.83	-12.58
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-42.78	-18.02	-24.18	-23.19	-33.21
Total Assets, 1 Yr. Growth %	-27.52	-8.91	-34.59	-16.91	-7.13
Tangible Book Value, 1 Yr. Growth %	-165.54	-263.79	-68.95	1.69	-17.65
Common Equity, 1 Yr. Growth %	-40.53	3.46	-44.92	-9.45	-7.12
Cash From Operations, 1 Yr. Growth %	215.38	-134.15	839.29	-98.86	-571.43
Capital Expenditures, 1 Yr. Growth %	-33.33	0	-12.5	0	-56.34
Levered Free Cash Flow, 1 Yr. Growth %	-70.86	-330.82	-30.71	-253.1	-49.44
Unlevered Free Cash Flow, 1 Yr. Growth %	-67.14	-275.48	-32.14	-270.48	-48.03
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.61	-16.91	-14.29	9	0.81
Gross Profit, 2 Yr. CAGR %	-4.16	-22.02	-19.28	5.52	3.79
EBITDA, 2 Yr. CAGR %	-32.01	17.35	4.79	-20.53	66.52
EBITA, 2 Yr. CAGR %	-42.94	63.57	23.73	-48.6	26.31
EBIT, 2 Yr. CAGR %	86.15	31.22	50.35	-59.56	-18.66
Earnings From Cont. Operations, 2 Yr. CAGR %	244.54	-71.9	-18.46	229.14	-80.14
Net Income, 2 Yr. CAGR %	244.54	-71.9	-18.46	229.14	-67.2
Normalized Net Income, 2 Yr. CAGR %	144.16	26.23	44.17	-71.21	-7.05
Diluted EPS Before Extra, 2 Yr. CAGR %	261.37	-1.61	-17.09	-14.92	-83.72
Accounts Receivable, 2 Yr. CAGR %	-11.62	-19.88	-18.8	20.08	20.31
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	14.28	-31.51	-21.16	-23.68	-28.37
Total Assets, 2 Yr. CAGR %	-15.73	-18.75	-22.81	-26.28	-12.16
Tangible Book Value, 2 Yr. CAGR %	5.11	3.61	-28.68	-43.8	84.21
Common Equity, 2 Yr. CAGR %	-24.46	-21.56	-24.51	-29.38	-8.35
Cash From Operations, 2 Yr. CAGR %	-9.45	3.77	79.09	-67.27	-74.91
Capital Expenditures, 2 Yr. CAGR %	-31.4	-18.35	-6.46	-6.46	-34.83
Levered Free Cash Flow, 2 Yr. CAGR %	-56.64	-17.98	-8.43	26.9	55.5
Unlevered Free Cash Flow, 2 Yr. CAGR %	-53.16	-24.07	-16.85	34.15	72.13
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.41	-7.39	-14.24	-1.52	-9.35
Gross Profit, 3 Yr. CAGR %	-1.9	-12.62	-18.29	-6.83	-5.44
EBITDA, 3 Yr. CAGR %	-11.63	-7.46	22.45	-38.26	18.67
EBITA, 3 Yr. CAGR %	-7.17	4.8	49.65	-44.3	1.85
EBIT, 3 Yr. CAGR %	12.02	82.18	12.85	-28.56	-43.16
Earnings From Cont. Operations, 3 Yr. CAGR %	39.69	-49.47	69.02	-50.99	-10.86
Net Income, 3 Yr. CAGR %	39.69	-49.47	69.02	-50.99	87.42
Normalized Net Income, 3 Yr. CAGR %	108.91	109.48	12.22	-46.07	-37.55
Diluted EPS Before Extra, 3 Yr. CAGR %	38.59	26.76	62.19	-51.67	-63.97
Accounts Receivable, 3 Yr. CAGR %	6.42	-16.02	-17.67	3.02	7.97
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	20.15	2.3	-29.15	-21.84	-27
Total Assets, 3 Yr. CAGR %	-9.33	-13.51	-24.41	-20.89	-20.38
Tangible Book Value, 3 Yr. CAGR %	-57	21.86	-30.66	-19.73	1.76
Common Equity, 3 Yr. CAGR %	-15.64	-16.11	-30.28	-19.79	-22.66
Cash From Operations, 3 Yr. CAGR %	-51.16	-34.58	116.27	-66.8	-16.16
Capital Expenditures, 3 Yr. CAGR %	-18.9	-22.22	-16.45	-4.35	-27.1
Levered Free Cash Flow, 3 Yr. CAGR %	-13.62	-24.29	-22.47	8.68	7.64
Unlevered Free Cash Flow, 3 Yr. CAGR %	2.78	-27.26	-26.86	5.64	12.13
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-16.19	-11.32	-6.78	-1.15	-12.45
Gross Profit, 5 Yr. CAGR %	-7.33	-6.17	-9.26	-5.77	-12.46
EBITDA, 5 Yr. CAGR %	-20.88	2.29	9.54	-25.7	0.81
EBITA, 5 Yr. CAGR %	-3.81	150.68	28.79	-30.45	8.64
EBIT, 5 Yr. CAGR %	-20.12	9.65	15.41	-4.03	-23.6
Earnings From Cont. Operations, 5 Yr. CAGR %	39.63	-60.23	12.63	6.93	-43.83
Net Income, 5 Yr. CAGR %	39.63	-60.23	12.63	6.93	-12.27
Normalized Net Income, 5 Yr. CAGR %	-21.41	4.59	65.64	-9.25	-20.71
Diluted EPS Before Extra, 5 Yr. CAGR %	17.91	-33.14	12.85	8.07	-46.15
Accounts Receivable, 5 Yr. CAGR %	-11.65	-7.15	-4.49	-3.11	-4.18
Inventory, 5 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-23.07	0	1.52	-9.01	-28.84
Total Assets, 5 Yr. CAGR %	-12.63	-4.88	-14.98	-18.87	-19.73
Tangible Book Value, 5 Yr. CAGR %	-39.03	-26.67	-47.35	-10.59	2.49
Common Equity, 5 Yr. CAGR %	-14.06	-5.43	-19.31	-21.7	-22.22
Cash From Operations, 5 Yr. CAGR %	-20.43	-34.02	-17.87	-50.41	-8.69
Capital Expenditures, 5 Yr. CAGR %	-24.21	-13.99	-14.14	-16.26	-23.72
Levered Free Cash Flow, 5 Yr. CAGR %	-41.87	27	0.61	-14.37	-11.19
Unlevered Free Cash Flow, 5 Yr. CAGR %	-40.14	78.04	5.27	-14.94	-12.17