How to invest BlackBerry Stock in Canada [2025]

Key Takeaways

• BlackBerry (BB.US) has shifted from smartphones to high-margin cybersecurity, IoT, and automotive software.

• Stock price volatility persists; traded at $4.35 USD as of Nov 17, 2025, with no dividends and a TTM PE ratio of 0.0.

• FY2025 revenue declined 29.53% YoY, but net loss improved by 39.32% to -$79 million.

• QNX platform growth and $150 million in cost savings support long-term outlook.

• No stock splits or dividends; better tax efficiency when held in an RRSP for Canadians.

BlackBerry (BB.US) is a Canadian software company that specializes in intelligent security technologies, primarily operating across its Cybersecurity, Internet of Things (IoT), and Licensing divisions. Once a global leader in smartphones, BlackBerry has successfully transitioned into a high-margin software provider, with core revenues driven by its QNX embedded systems and government-grade Secure Communications. With QNX now embedded in over 255 million vehicles and growing demand in the automotive, industrial, and medical sectors, BlackBerry is strategically positioned for future growth through innovation and global partnerships.

Is BlackBerry stock overvalued or undervalued?

BlackBerry (BB.US) continues to attract attention from Canadian investors due to its legacy brand, evolving software focus, and strategic positioning in emerging technology fields such as automotive software, cybersecurity, and IoT. While the company has undergone significant structural changes in recent years, including the divestment of its Cylance security business and a sharpened focus on QNX and Secure Communications, reactions from the market and analysts have been mixed. Understanding whether BlackBerry stock presents a value opportunity or is overextended requires a close look at its current valuations, financial health, and broader price trends.

Price performance of BlackBerry stock in recent weeks has shown signs of volatility, falling to a recent low of $4.31 USD on November 14, 2025. This, coupled with the company recording a trailing 12-month (TTM) PE Ratio of 0.0 and offering no dividend, may raise questions for value-oriented investors. However, BlackBerry's solid balance sheet, positive net income reported in recent quarters, and strong gross margins in its QNX division provide some grounds for cautious optimism.

To better understand if BlackBerry stock is positioned for long-term appreciation or if current valuations reflect limitations, reviewing its key financials is essential.

Key financial metrics for BlackBerry

Source: moomoo, data as of 25-11-17.

BlackBerry stock price forecast

Analyst sentiment around the BlackBerry stock price remains cautiously optimistic, with consensus estimates suggesting modest upticks in both revenue and earnings in the coming quarters. The average analyst target for the BlackBerry price sits at $5.25 USD, with a range spanning from a low of $4.5 to a high of $6.00 USD, according to recent data. This suggests potential upside for investors willing to tolerate short-term volatility.

BlackBerry’s latest quarterly report revealed better-than-expected EPS and rising net profits, while its software division continues expanding deployments across sectors such as automotive, healthcare, and defense. Analysts are projecting Q3 FY2026 EPS to reach $0.04, with revenue expected to rise to $137.54 million USD — signaling steady growth momentum ahead.

For Canadian investors looking to buy shares of BlackBerry, the outlook may be more favorable for those with a long-term horizon and an appetite for undervalued software-driven companies.

BlackBerry earnings 2025 fiscal year analysis

Source: BlackBerry Limited Financial Statement, data as of 2025-04-03

BlackBerry's earnings for fiscal 2025 revealed a mixed picture, with sharp revenue declines but significant improvement in net losses. The company reported $534.90 million in annual revenue, a steep 29.53% drop from the previous year's $759.10 million. This downturn was primarily driven by the divestiture of its Cylance cybersecurity business and a reduced contribution from the Licensing segment. On the flip side, net profit improved dramatically from a loss of $130.20 million to $79.00 million, suggesting successful cost control efforts and streamlining post-sale. This performance was discussed in-depth during the latest BlackBerry earnings call, where management highlighted a $150 million reduction in the company's cost structure and a refocus on core segments such as QNX and Secure Communications.

The BlackBerry earnings date for fiscal 2025 was April 2, 2025, coinciding with the release of their Q4 results, where the company reported revenue of $141.7 million and adjusted EBITDA of $21.1 million for the quarter. These figures not only surpassed prior guidance but also highlight the growing traction in their QNX platform, which alone contributed $65.8 million with an 83% gross margin. Think of BlackBerry's strategy like a homeowner selling off old furniture (Cylance) to renovate and upgrade their kitchen and living room (QNX and Secure Communications). The streamlined model helped boost operating cash flow to $42 million and pushed total cash and investments up by $144 million. The earnings call further emphasized upcoming revenue from government contracts and strategic collaborations, reaffirming investor confidence in the company’s transformation roadmap.

BlackBerry stock split analysis

For investors considering how to buy BlackBerry stock in Canada, it’s essential to review the company’s stock split history to better understand its historical price and liquidity adjustments. As of the most recent data, BlackBerry (NYSE: BB, TSX: BB) has not conducted any stock splits since its initial public offering. This absence of a BlackBerry stock split reflects the company’s preference for maintaining price stability and institutional investor appeal, rather than focusing on boosting share accessibility via split-based strategies. Understanding BlackBerry’s stock split policy helps investors evaluate potential future actions that may impact share price dynamics and trading volume.

Source: moomoo, data as of 25-11-17

BlackBerry dividends analysis

BlackBerry Limited (BB.US), a Canadian technology firm renowned for its secure communications and QNX-based IoT software, does not currently issue dividends to shareholders. This dividend policy reflects the company's strategic focus on reinvesting capital into growth areas such as automotive software platforms, cybersecurity services, and embedded system innovations. As of the latest available financial disclosures, there have been no announcements regarding dividend payments or plans to initiate them in the near future.

Investors considering BlackBerry stock in Canada for income-generating purposes should be aware that BB stock is more aligned with capital appreciation opportunities rather than dividend yield. While the company's financial position has recently improved—evident from positive net income in Q2 2026 and consistent free cash flow over several quarters—the absence of a dividend reflects its prioritization of internal development and strategic acquisitions. Therefore, for those targeting dividend income, BlackBerry may not meet criteria related to yield or recurring cash disbursements.

Nonetheless, BlackBerry’s reinvestment strategy may appeal to long-term investors seeking exposure to the evolving landscape of secure IoT, automotive software, and enterprise mobility platforms without relying on BlackBerry dividend payouts.

Can I Invest BlackBerry Stock with a TFSA or RRSP?

Canadian investors looking to gain exposure to BlackBerry (BB.US), a technology company listed on the NYSE, can generally buy U.S. stocks in a TFSA or RRSP, though with a few important considerations. While buying U.S. stocks in a TFSA is permitted, dividends from those stocks are subject to a 15% withholding tax under the Canada-U.S. tax treaty, which cannot be claimed back. In contrast, if you choose to buy stocks with your RRSP, U.S. dividends are not subject to withholding tax, making it a more tax-efficient option. Therefore, for Canadians aiming to invest in U.S.-listed BlackBerry shares, holding them in an RRSP may offer better long-term tax efficiency compared to buying U.S. stocks in a TFSA.

How to invest BlackBerry stock in Canada?

For Canadians interested in buying into the BlackBerry story—leveraging its high-potential IoT and Secure Communications segments—investing in its NYSE-listed shares can be done with just a few easy steps. Here's a straightforward guide tailored to Canadian residents navigating their first US stock investment.

Step 1: Pick a stock trading platform

Look for a platform that allows Canadian residents to trade US-listed stocks like BlackBerry (BB). Consider the following factors when choosing:

• Low FX Fees: Since BlackBerry trades in USD, pick a platform that offers low foreign exchange conversion rates or USD accounts.

• Mobile-friendly UI/UX: As a busy professional, choose a platform with a user-friendly app interface for research and trading on the go.

• Access to US markets: Ensure the platform provides access to US exchanges such as the NYSE.

• Research and news tools: Prioritize brokers offering real-time market data and stock insights to make informed decisions despite time constraints.

Step 2: Choose the right account type and open an account

In Canada, you can invest in US stocks like BlackBerry through different account types. Each has distinct features, so choose based on your tax strategy and trading goals:

• TFSA (Tax-Free Savings Account): Gains from US stocks grow tax-free, but beware of withheld foreign dividends.

• RRSP (Registered Retirement Savings Plan) & SRRSP: US stock dividends are not subject to withholding tax under the Canada-US tax treaty.

• Margin Account: Lets you borrow funds to trade. Suitable for experienced investors managing leverage and risk.

• Cash Account: You buy stocks using only available funds. Ideal for beginners investing for the long term.

To open a brokerage account, you'll typically need to provide a valid government-issued ID (passport or Canadian driver’s license), SIN (Social Insurance Number), residential address, and employment details.

Step 3: Fund your account

Once registered, you can fund your account through various methods including Interac e-Transfer, direct bank transfers, wire transfers, or linking your Canadian bank account directly. Some platforms also offer USD funding options to reduce FX fees.

Step 4: Research BlackBerry's fundamentals

Before placing an order, evaluate BlackBerry’s financials and segment potential. The company is focusing on growth in cybersecurity, IoT, and secure government communications. Review recent quarterly earnings, analyst ratings (currently a "Buy" consensus), and revenue growth in its QNX automotive platform and secure communications tools like AtHoc and SecuSUITE.

Step 5: Set a budget for your BlackBerry stock purchase

Set a clear investment budget based on your total portfolio allocation and available spare cash. Avoid over-concentrating in one stock. Also, build or maintain an emergency fund before trading.

If a full share of BB stock doesn’t fit your budget, look into platforms that offer fractional shares, allowing you to invest with as little as just a few dollars without committing to a full-share amount.

Step 6: Place your BlackBerry's order

Once ready, find the BB symbol on your platform, select the number of shares or fraction you wish to buy, and choose an order type (market, limit, etc.). If you're uncertain about exact price movements, a market order will execute immediately at the current price, while a limit order lets you set your preferred entry price.

Step 7: Monitor and manage your investment

After investing in BlackBerry stock, track its performance through regular earnings reports, institutional ownership updates, and overall market trends. Use investor tools or set alerts to stay informed, especially as developments in the QNX software and enterprise security space may influence stock movement. Periodically reassess your investment thesis based on news and company fundamentals.

Alternative ways to invest in BlackBerry?

Canadian investors looking to gain exposure to BlackBerry (BB.US) may consider more diversified or strategic instruments beyond directly purchasing individual shares. These alternatives include ETFs, options trading, or exploring comparable technology stocks.

BlackBerry ETFs

Exchange-Traded Funds (ETFs) provide a convenient way for investors to gain exposure to BlackBerry stock while also spreading risk across a broader portfolio. Investing via ETFs can help reduce the impact of volatility associated with individual securities and simplify portfolio management.

• iShares Expanded Tech-Software Sector ETF (IGV): This U.S.-listed ETF includes a wide range of software-focused companies, including BlackBerry, offering indirect exposure within a broader technology sector.

• Global X Cybersecurity ETF (BUG): This fund targets cybersecurity companies and holds BlackBerry due to its increasing focus in this space.

• Evolve Cyber Security Index Fund (CYBR.TO): Listed on the TSX, this Canadian ETF provides investors with exposure to global cybersecurity firms, including BlackBerry.

BlackBerry options

Options trading is another strategy Canadian investors can consider to trade BlackBerry stock. This involves purchasing call or put options rather than the shares themselves, offering flexibility in both bullish and bearish market scenarios. BlackBerry options can be used for speculative purposes or for hedging existing positions. Recent data shows a higher volume of call options relative to puts, indicating active interest in directional trades. However, options involve significant risks and may not be suitable for all investors.

Stocks similar to BlackBerry

Investors looking to diversify or compare opportunities may consider stocks in similar sectors such as cybersecurity, enterprise software, or Internet of Things (IoT) services.

• BlackBerry (BB.US): A former smartphone giant now focused on cybersecurity and embedded systems for automotive and industrial solutions.

• Palo Alto Networks (PANW): A leading global cybersecurity firm providing firewall and cloud-based security services.

• Fortinet (FTNT): Offers cybersecurity solutions for enterprises and service providers, with a focus on network security appliances.

• CrowdStrike Holdings (CRWD): A cloud-native cybersecurity company specializing in endpoint protection and threat intelligence.

• Absolute Software Corporation (ABST.TO): A Canadian company providing endpoint visibility and secure access solutions.

Is it a good time to invest BlackBerry stock?

BlackBerry (NYSE: BB), a Waterloo-based tech firm, is undergoing a multifaceted transformation with a strategic focus on its cybersecurity and Internet of Things (IoT) offerings. As of November 14, 2025, the stock is trading at USD 4.30, near its 52-week low of USD 2.29, suggesting it may be undervalued relative to recent highs of USD 6.24.

From a financial standpoint, BlackBerry posted a positive EPS of USD 0.02 in Q2 FY2026, exceeding analyst estimates, and achieved a strong gross profit margin of 74.54%. Net income reached USD 13.3 million with significant improvement year-over-year (+167.51%)—a signal of stabilizing fundamentals following the divestiture of its Cylance unit. The company also maintains a solid balance sheet, with a current ratio of 2.2 and a debt-to-assets ratio of 38.76%.

Despite short-term volatility and a forward P/E ratio of 36.50, BlackBerry's transformation is backed by revenue forecasts of USD 504–534 million for FY2026 and robust institutional commitments—Fairfax Financial holds a 6.91% stake. However, retail investors in Canada should remain cautious, as the company faces macroeconomic and industry-specific risks, particularly in its core automotive software markets.

Source: Futunn, data as of 25-11-14