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BlackBerry BB Goodwill impairment

Goodwill impairment at other companies

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$648M

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$5.26B+147%
Enterprise value$5.23B+152%
P/E88×
P/S9.1×+5.1×

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:GoodwillImpairmentLoss.

The source filing: BlackBerry’s 10-Q, filed December 20, 2024.

Filed
Dec 20, 2024
Fiscal quarter
Q3 FY2025
Calendar quarter
Q4 2024
Accession
0001070235-24-000156
Line itemCarrying AmountCarrying Amount
Carrying amount as at February 28, 2023$$489
Goodwill impairment charge(16)
Effect of foreign exchange on non-U.S. dollar denominated goodwill2
Carrying amount as at February 29, 2024475
Effect of foreign exchange on non-U.S. dollar denominated goodwill(2)
Carrying amount as at November 30, 2024$$473

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is BlackBerry's goodwill impairment?
BlackBerry (BB) reported goodwill impairment of $4M in Q4 2023.
How has BlackBerry's goodwill impairment changed year-over-year?
BlackBerry's goodwill impairment decreased by 93.5% year-over-year, from $61.25M to $4M.
What does goodwill impairment mean?
Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

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