What is BlackBerry's net debt?

BlackBerry (BB) reported net debt of -$35.7M in Q1 2026.

How has BlackBerry's net debt changed year-over-year?

BlackBerry's net debt increased by 34.0% year-over-year, from -$54.1M to -$35.7M.

What is the long-term trend for BlackBerry's net debt?

Over 5 years (2021 to 2026), BlackBerry's net debt has grown at a -39.8% compound annual growth rate (CAGR), from $629M to -$49.9M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

BlackBerry BB Net debt

Discontinued — last reported Q1 '27

Net debt at other companies

Cabot CorporationCBT

1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

TDA

USA TODAY Co., Inc.TDAY

8.8×+4.2×

Resolute Holdings Management RHLD

11.8×+10.5×

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

See full

Return on equity8.1%+5.9pp

Debt / equity0.3×0.0×

Current ratio2.2×+0.1×

Where this comes from

Calculated from BlackBerry’s reported figures.

$221.1Mtotal debt−$256.8Mcash and equivalents=-$35.7M

The official record: BlackBerry’s 10-Q, filed June 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is BlackBerry's net debt?: BlackBerry (BB) reported net debt of -$35.7M in Q1 2026.
How has BlackBerry's net debt changed year-over-year?: BlackBerry's net debt increased by 34.0% year-over-year, from -$54.1M to -$35.7M.
What is the long-term trend for BlackBerry's net debt?: Over 5 years (2021 to 2026), BlackBerry's net debt has grown at a -39.8% compound annual growth rate (CAGR), from $629M to -$49.9M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.