NEWS ER
BlackBerry Reports Third Quarter Fiscal Year 2026 Results
Thursday, 18th December at 5:05 pm
Achieves another quarter of higher-than-expected revenue and profitability and hits the top-end of cash flow guidance
QNX division achieves highest revenue quarter ever
Secure Communications division beats revenue and adjusted EBITDA guidance, raises full year guidance
Delivers seventh consecutive quarter of improved GAAP profitability and third consecutive quarter of positive GAAP net income
WATERLOO, ONTARIO / ACCESS Newswire / December 18, 2025 / BlackBerry Limited (NYSE: BB)(TSX: BB) today reported financial results for the three months ended November 30, 2025 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).
"BlackBerry delivered revenue above the top end of the previously-provided guidance range, which, coupled with ongoing cost discipline, helped the company achieve its strongest quarter of GAAP profitability in almost 4 years, along with increased operating cash flow," said John J. Giamatteo, CEO, BlackBerry. "Our QNX division recorded an all-time record quarter for revenue as the division continues to extend deeper into automotive and wider into adjacent verticals. Our Secure Communications division performed strongly, delivering higher-than-expected revenue and adjusted EBITDA."
Third Quarter Fiscal 2026 Financial Highlights
Total company revenue beat previously-provided guidance at $141.8 million, increasing by $12.2 million sequentially and decreasing by $1.8 million year-over-year
Total company GAAP and adjusted gross margin decreased by 1 percentage point year-over-year to 78%
QNX revenue came in at the top end of guidance with 10% year-over-year growth to $68.7 million; QNX segment adjusted gross margin increased 1 percentage point sequentially and decreased 2 percentage points year-over-year to 84%
QNX adjusted EBITDA achieved the top-end of previously-provided guidance at $16.4 million, or 24% of revenue
Secure Communications revenue exceeded previously-provided guidance at $67.0 million, increasing $7.1 million sequentially and decreasing $7.6 million year-over-year; Secure Communications segment adjusted gross margin decreased 1 percentage point year-over-year and increased 6 percentage points sequentially to 72%; Secure Communications ARR increased year-over-year and sequentially to $216 million; Secure Communications DBNRR was down 3 percentage points year-over-year, and decreased by 1 percentage point sequentially to 92%
Secure Communications adjusted EBITDA beat previously provided guidance at $17.3 million, or 26% of revenue
Licensing revenue was in line with expectations at $6.1 million, and adjusted EBITDA was $5.3 million
Total company adjusted EBITDA was $28.7 million, or 20% of revenue; Total company GAAP operating income was $11.9 million
BlackBerry again achieved GAAP profitability, with GAAP net income of $13.7 million and adjusted net income of $26.8 million
GAAP basic earnings per share was $0.02 and non-GAAP basic earnings per share was $0.05, exceeding the top end of previously-provided guidance range
Operating cash flow for the third quarter grew both sequentially and year-over-year to positive $17.9 million
$5 million was returned to shareholders by the repurchase of approximately 1.2 million common shares 1
Total cash, cash equivalents, short-term and long-term investments increased by $14 million sequentially to $378 million
Thursday, 18th December at 5:05 pm
Achieves another quarter of higher-than-expected revenue and profitability and hits the top-end of cash flow guidance
QNX division achieves highest revenue quarter ever
Secure Communications division beats revenue and adjusted EBITDA guidance, raises full year guidance
Delivers seventh consecutive quarter of improved GAAP profitability and third consecutive quarter of positive GAAP net income
WATERLOO, ONTARIO / ACCESS Newswire / December 18, 2025 / BlackBerry Limited (NYSE: BB)(TSX: BB) today reported financial results for the three months ended November 30, 2025 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).
"BlackBerry delivered revenue above the top end of the previously-provided guidance range, which, coupled with ongoing cost discipline, helped the company achieve its strongest quarter of GAAP profitability in almost 4 years, along with increased operating cash flow," said John J. Giamatteo, CEO, BlackBerry. "Our QNX division recorded an all-time record quarter for revenue as the division continues to extend deeper into automotive and wider into adjacent verticals. Our Secure Communications division performed strongly, delivering higher-than-expected revenue and adjusted EBITDA."
Third Quarter Fiscal 2026 Financial Highlights
Total company revenue beat previously-provided guidance at $141.8 million, increasing by $12.2 million sequentially and decreasing by $1.8 million year-over-year
Total company GAAP and adjusted gross margin decreased by 1 percentage point year-over-year to 78%
QNX revenue came in at the top end of guidance with 10% year-over-year growth to $68.7 million; QNX segment adjusted gross margin increased 1 percentage point sequentially and decreased 2 percentage points year-over-year to 84%
QNX adjusted EBITDA achieved the top-end of previously-provided guidance at $16.4 million, or 24% of revenue
Secure Communications revenue exceeded previously-provided guidance at $67.0 million, increasing $7.1 million sequentially and decreasing $7.6 million year-over-year; Secure Communications segment adjusted gross margin decreased 1 percentage point year-over-year and increased 6 percentage points sequentially to 72%; Secure Communications ARR increased year-over-year and sequentially to $216 million; Secure Communications DBNRR was down 3 percentage points year-over-year, and decreased by 1 percentage point sequentially to 92%
Secure Communications adjusted EBITDA beat previously provided guidance at $17.3 million, or 26% of revenue
Licensing revenue was in line with expectations at $6.1 million, and adjusted EBITDA was $5.3 million
Total company adjusted EBITDA was $28.7 million, or 20% of revenue; Total company GAAP operating income was $11.9 million
BlackBerry again achieved GAAP profitability, with GAAP net income of $13.7 million and adjusted net income of $26.8 million
GAAP basic earnings per share was $0.02 and non-GAAP basic earnings per share was $0.05, exceeding the top end of previously-provided guidance range
Operating cash flow for the third quarter grew both sequentially and year-over-year to positive $17.9 million
$5 million was returned to shareholders by the repurchase of approximately 1.2 million common shares 1
Total cash, cash equivalents, short-term and long-term investments increased by $14 million sequentially to $378 million
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