BlackBerry (BB) financial statements
BlackBerry reported revenue of $549M in fiscal 2026, down 9.2% a year over 9 years.
Net income was $53M and the operating margin 8.8%, against -90.2% in 2017.
Free cash flow was $46M, and the company returned $61M in net buybacks.
The diluted share count rose 14% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from BlackBerry's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B | $932M | $904M | $1.0B | $893M | $718M | $526M | $759M | $535M | $549M |
| Cost of revenue | $692M | $262M | $206M | $277M | $250M | $251M | $160M | $268M | $140M | $131M |
| Gross profit | $617M | $670M | $698M | $763M | $643M | $467M | $367M | $491M | $395M | $418M |
| Research and development | $306M | $239M | $219M | $259M | $215M | $219M | $134M | $127M | $109M | $114M |
| Selling, general and admin | $553M | $476M | $409M | $493M | $344M | $297M | $340M | $291M | $255M | $243M |
| Operating income | -$1.2B | $283M | $60M | -$149M | -$1.1B | -$2M | -$207M | $11M | $800,000 | $48M |
| Interest expense | $0 | $0 | $24M | $23M | $15M | $6M | $6M | $6M | $6M | $6M |
| Pre-tax income | -$1.2B | $406M | $77M | -$148M | -$1.1B | $19M | -$202M | $30M | $8M | $59M |
| Income tax | -$2M | $1M | -$16M | $4M | -$9M | $7M | $14M | $24M | $17M | $6M |
| Net income | -$1.2B | $405M | $93M | -$152M | -$1.1B | $12M | -$734M | -$130M | -$79M | $53M |
| EPS (diluted) | -$2.30 | $0.74 | $0.00 | -$0.32 | -$1.97 | -$0.31 | -$1.35 | -$0.22 | -$0.13 | $0.09 |
| Diluted shares | 525M | 546M | 616M | 614M | 561M | 631M | 639M | 592M | 591M | 598M |
| Gross margin | 47.1% | 71.9% | 77.2% | 73.4% | 72.0% | 65.0% | 69.7% | 64.6% | 73.8% | 76.2% |
| Operating margin | -90.2% | 30.4% | 6.6% | -14.3% | -124.0% | -0.3% | -39.3% | 1.4% | 0.1% | 8.8% |
| Net margin | -92.1% | 43.5% | 10.3% | -14.6% | -123.6% | 1.7% | -139.5% | -17.2% | -14.8% | 9.7% |
Balance sheet
Fiscal years, from BlackBerry's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.4B | $2.3B | $916M | $909M | $739M | $712M | $427M | $237M | $338M | $360M |
| Receivables | $200M | $151M | $233M | $215M | $182M | $138M | $120M | $199M | $174M | $156M |
| Inventory | $26M | $3M | — | — | — | — | — | — | — | — |
| Total current assets | $1.7B | $2.5B | $1.2B | $1.2B | $1.0B | $1.0B | $743M | $508M | $592M | $568M |
| Property, plant and equipment | $91M | $64M | $85M | $70M | $48M | $41M | $25M | $21M | $13M | $12M |
| Goodwill | $559M | $569M | $1.5B | $1.4B | $849M | $844M | $489M | $474M | $472M | $479M |
| Total assets | $3.3B | $3.8B | $4.0B | $3.9B | $2.8B | $2.6B | $1.7B | $1.4B | $1.3B | $1.2B |
| Total current liabilities | $621M | $411M | $510M | $1.1B | $429M | $397M | $729M | $357M | $344M | $268M |
| Total liabilities | $1.2B | $1.3B | $1.3B | $1.4B | $1.3B | $1.0B | $822M | $620M | $576M | $499M |
| Shareholders' equity | $2.1B | $2.5B | $2.6B | $2.5B | $1.5B | $1.6B | $857M | $775M | $720M | $746M |
| Net debt | -$734M | -$816M | -$548M | -$377M | -$214M | -$378M | -$296M | -$175M | -$267M | -$275M |
Cash flow
Fiscal years, from BlackBerry's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$224M | $704M | $100M | $26M | $82M | -$28M | -$262M | -$4M | $16M | $50M |
| Capital spending | $17M | $15M | $17M | $12M | $8M | $8M | $7M | $7M | $3M | $4M |
| Free cash flow | -$241M | $689M | $83M | $14M | $74M | -$36M | -$270M | -$11M | $13M | $46M |
| Stock-based compensation | $60M | $49M | $67M | $63M | $44M | $36M | $34M | $33M | $26M | $23M |
| Share buybacks (net) | $0 | -$18M | $0 | $0 | — | — | — | $0 | $0 | -$61M |
| Net borrowing | $605M | — | $0 | $0 | -$245M | $0 | $0 | -$171M | $0 | $0 |
| Free cash flow margin | -18.4% | 73.9% | 9.2% | 1.3% | 8.3% | -5.0% | -51.2% | -1.4% | 2.5% | 8.5% |
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Open BB in InvestinglyQuestions
What was BlackBerry's revenue in 2026?
$549M in fiscal 2026, from its 10-K filing.
How much free cash flow does BlackBerry generate?
$46M in fiscal 2026 (operating cash flow minus capital spending).
From BlackBerry's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.