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Software - Application · Technology · Fiscal year ends Feb 28
Blackberry reported revenue of $549M in the fiscal year ended Feb 2026, up 2.7% from the year before. Operating income was $48M, an operating margin of 8.8%, and net income was $53M. Operating cash flow of $50M less capital expenditure of $4M left free cash flow of $47M. It held more cash than debt (net cash $78M).
Ranks among the 83 software - application companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|
| Revenue | 718 | 526 | 759 | 535 | 549 |
| Cost of revenue | 251 | 160 | 268 | 140 | 131 |
| Gross profit | 467 | 367 | 491 | 395 | 418 |
| Research & development | 219 | 134 | 127 | 109 | 114 |
| Selling, general & admin | 297 | 340 | 291 | 255 | 243 |
| Operating income | −2.0 | −207 | 11.0 | 0.8 | 48.3 |
| Interest expense | 6.0 | 6.4 | 5.6 | 6.0 | 6.0 |
| Pre-tax income | 19.0 | −202 | 29.8 | 8.5 | 59.0 |
| Income tax | 7.0 | 13.7 | 24.2 | 17.0 | 5.8 |
| Net income | 12.0 | −734 | −130 | −79.0 | 53.2 |
| Diluted EPS | −0.31 | −1.35 | −0.22 | −0.13 | 0.09 |
| Diluted shares | 631 | 639 | 592 | 591 | 598 |
| Fiscal year | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 378 | 296 | 175 | 267 | 275 |
| Receivables | 138 | 120 | 199 | 174 | 156 |
| Current assets | 1,043 | 743 | 508 | 592 | 568 |
| Net PP&E | 41.0 | 25.0 | 21.2 | 13.4 | 12.3 |
| Goodwill | 844 | 489 | 475 | 472 | 479 |
| Total assets | 2,567 | 1,679 | 1,395 | 1,296 | 1,245 |
| Payables | 22.0 | 24.0 | 16.8 | 31.1 | 5.5 |
| Deferred revenue | 207 | 175 | 149 | 162 | 139 |
| Current liabilities | 397 | 729 | 357 | 344 | 268 |
| Long-term debt | – | 0.0 | 194 | 195 | 197 |
| Total liabilities | 1,011 | 822 | 620 | 576 | 499 |
| Shareholders' equity | 1,556 | 857 | 775 | 720 | 746 |
| Backlog (remaining obligations) | 254 | 214 | 222 | 167 | 153 |
| Fiscal year | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|
| Operating cash flow | −28.0 | −262 | −3.5 | 16.5 | 50.3 |
| Capital expenditure | 8.0 | 7.3 | 7.1 | 3.1 | 3.8 |
| Free cash flow | −36.0 | −270 | −10.6 | 13.4 | 46.5 |
| Depreciation & amortisation | 176 | 105 | 58.5 | 44.7 | 17.8 |
| Stock-based compensation | 36.0 | 33.9 | 33.1 | 25.6 | 23.2 |
| Share buybacks | – | – | 0.0 | 0.0 | 60.7 |
| Fiscal year | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −26.7% | 44.2% | −29.5% | 2.7% |
| Operating income growth (YoY) | – | – | – | −92.7% | 5937.5% |
| Gross margin | 65.0% | 69.7% | 64.6% | 73.8% | 76.2% |
| Operating margin | −0.3% | −39.3% | 1.4% | 0.1% | 8.8% |
| Net margin | 1.7% | −139.5% | −17.2% | −14.8% | 9.7% |
| Return on equityBlank when equity is negative | 0.8% | −85.7% | −16.8% | −11.0% | 7.1% |
| ROCEEBIT ÷ (assets − current liabilities) | −0.1% | −21.8% | 1.1% | 0.1% | 4.9% |
| Free cash flow margin | −5.0% | −51.2% | −1.4% | 2.5% | 8.5% |
| Cash conversion (CFO ÷ net income) | −2.33x | 0.36x | 0.03x | −0.21x | 0.95x |
| Receivable days | 70 | 83 | 96 | 119 | 104 |
| Payable days | 32 | 55 | 23 | 81 | 15 |
| Interest cover | −0.33x | −32.3x | 1.96x | 0.13x | 8.05x |
| Debt ÷ equity | – | 0.00x | 0.25x | 0.27x | 0.26x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | – | −296 | 19.0 | −71.4 | −78.2 |
| Current ratio | 2.63x | 1.02x | 1.42x | 1.72x | 2.12x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.