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BlackBerry BB Secure Communications — Cost of Revenue

Other segment segments

Secure Communication
$20.8M+14.9%
QNX
$10.4M-7.1%
Licensing
$1.5M-6.3%

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$1.27B+25.3%
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$734.5M+19.3%
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TMDXService — Cost Of Revenue
$48.46M+24.3%
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ADTSecurity installation, product, and other — Total Cost of Revenue
$87.17M+5.9%

Other financials

Income statement

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Revenue$152.9M+25.6%
Gross profit$119.7M+32.6%
Operating income$15.3M+665%
Net income$8.5M+347%
EPS (diluted)$0.01

Balance sheet

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Cash & equivalents$256.8M-7.0%
Total debt$221.1M-0.4%
Total equity$750.7M+3.5%
Total assets$1.2B+2.5%

Cash flow

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Operating cash flow$4.6M+126%
CapEx$2.9M+222%
Free cash flow$1.7M+109%

Valuation

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Market cap$5.05B+101%
Enterprise value$5.02B+104%
P/E84.5×
P/S8.7×+4.0×

Profitability

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Gross margin77.1%+3.0pp
Operating margin10.6%
Net margin10.3%+7.4pp
FCF margin11.6%+9.5pp

Returns & leverage

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Return on equity8.1%+5.9pp
Debt / equity0.3×0.0×
Current ratio2.2×+0.1×

Where this comes from

Reported directly by BlackBerry in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The official record: BlackBerry’s 10-K, filed April 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is BlackBerry's secure communications — cost of revenue?
BlackBerry (BB) reported secure communications — cost of revenue of $19.3M in Q4 2025.
How has BlackBerry's secure communications — cost of revenue changed year-over-year?
BlackBerry's secure communications — cost of revenue decreased by 16.7% year-over-year, from $23.18M to $19.3M.
What is the long-term trend for BlackBerry's secure communications — cost of revenue?
Over 3 years (2023 to 2026), BlackBerry's secure communications — cost of revenue has grown at a -11.2% compound annual growth rate (CAGR), from $110.4M to $77.2M.
What does secure communications — cost of revenue mean?
This metric captures the direct costs associated with delivering secure communication products and services, including hosting, support, and maintenance expenses. Monitoring this figure helps assess the efficiency of the segment's operational delivery model and the scalability of its software infrastructure.