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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$5.15B+133%
Enterprise value$5.11B+138%
P/E86.1×
P/S8.9×+4.7×

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:ResearchAndDevelopmentExpense.

The source filing: BlackBerry’s 10-Q, filed June 25, 2026.

Filed
Jun 25, 2026, 4:55 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001070235-26-000076
Line itemThree Months Ended / May 31, 2026Three Months Ended / May 31, 2025
Cost of sales33.231.4
Gross margin119.790.3
Operating expenses
Research and development33.025.0
Sales and marketing29.528.7
General and administrative39.330.5
Amortization2.54.0
Impairment of long-lived assets (note 2)0.10.1

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is BlackBerry's R&D?
BlackBerry (BB) reported R&D of $33M in Q1 2026.
How has BlackBerry's R&D changed year-over-year?
BlackBerry's R&D increased by 32.0% year-over-year, from $25M to $33M.
What is the long-term trend for BlackBerry's R&D?
Over 3 years (2022 to 2026), BlackBerry's R&D has grown at a -19.7% compound annual growth rate (CAGR), from $219M to $113.6M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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