BlackBerry Limited (BB) Stock Price & Analysis

BlackBerry Limited (BB) closed at USD 8.59 on Thursday, October 22, 2026, down 8.71% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 9.41; the Oct 22, 2026 session ranged USD 8.54–9.33 on volume of 12,977,361 shares. Market capitalization is $5.04B, with a 52-week range of USD 3.12–13.59 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 08:36 UTC.

Also available as compact Markdown for AI agents: nexqual.com/BB.md

Key facts (BB)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BB)

USDFY2022FY2023FY2024FY2025FY2026TTM
Revenue$718M$526M$759M$535M$549M$614M
Gross profit$467M$367M$491M$395M$418M—
Operating income-$2.0M-$207M$11.0M$800K$48.3M$83.7M
Net income$12.0M-$734M-$130M-$79.0M$53.2M$80.4M
EPS (diluted)-$0.31-$1.35-$0.22-$0.13$0.09—
Free cash flow-$36.0M-$270M-$10.6M$13.4M$46.5M$92.1M
Gross margin65.0%69.7%64.6%73.8%76.2%—
Operating margin-0.3%-39.3%1.4%0.1%8.8%13.6%
Net margin1.7%-139.5%-17.2%-14.8%9.7%13.1%
Revenue growth-19.6%-26.7%+44.2%-29.5%+2.7%—
Cash + short-term investments$712M$427M$237M$338M$360M—
Total debt—$0K$194M$195M$197M—

Fiscal years end Feb. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Aug 31, 2026) (BB)

P/E 62.7x · P/S 8.2x · EV/EBITDA 50.5x · EV/Sales 7.9x · P/FCF 54.8x · P/B 6.4x · FCF yield 1.83% · Earnings yield 1.59% · Buyback yield (TTM) 0.81% · Net cash $180M · EV $4.86B

P/E at fiscal year-ends: Feb 2026 38.1x.

Insider sales (SEC Form 4, open-market, last ~7 months) (BB)

0 of 25 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-10-21…2026-10-22Giamatteo John JosephCEO & President, Secure Comm.250,000$2.3M31.5%NoRoutine (sold in Jan each year 2023–2025; this trade is outside those months)
2026-10-09Armstrong-Owen JenniferSr VP & Chief People Officer3,379$28K2.9%NoToo little history (no open-market trades in 2023 or 2024)
2026-10-09Foote TimChief Financial Officer8,441$71K10.5%NoToo little history (no open-market trades in 2023 or 2024)
2026-10-09Giamatteo John JosephCEO & President, Secure Comm.27,004$226K3.3%NoRoutine (sold in Jan each year 2023–2025; this trade is outside those months)
2026-10-09Kurtz Philip S.CLO & Corp. Secretary6,164$52K7.8%NoRoutine (sold in Jan & Sep each year 2023–2025; this trade is outside those months)
2026-10-02Kurtz Philip S.CLO & Corp. Secretary4,168$38K5.7%NoRoutine (sold in Jan & Sep each year 2023–2025; this trade is outside those months)
2026-10-02Giamatteo John JosephCEO & President, Secure Comm.29,272$269K3.7%NoRoutine (sold in Jan each year 2023–2025; this trade is outside those months)
2026-10-02Foote TimChief Financial Officer3,269$30K5.1%NoToo little history (no open-market trades in 2023 or 2024)
2026-10-02Wall John ChristopherPresident, QNX3,474$32K20%NoToo little history (no open-market trades in 2023–2025)
2026-10-02Armstrong-Owen JenniferSr VP & Chief People Officer2,590$24K2.3%NoToo little history (no open-market trades in 2023 or 2024)
2026-10-01Foote TimChief Financial Officer16,672$152K22.7%NoToo little history (no open-market trades in 2023 or 2024)
2026-09-30Kurtz Philip S.CLO & Corp. Secretary30,000$274K31.5%NoRoutine (sold in Jan & Sep each year 2023–2025)
2026-07-14Kurtz Philip S.CLO & Corp. Secretary30,000$340K24%NoRoutine (sold in Jan & Sep each year 2023–2025; this trade is outside those months)
2026-07-08…2026-07-09Giamatteo John JosephCEO & President, Secure Comm.277,012$3.1M27.7%NoRoutine (sold in Jan each year 2023–2025; this trade is outside those months)
2026-07-09Armstrong-Owen JenniferSr VP & Chief People Officer3,296$36K3%NoToo little history (no open-market trades in 2023 or 2024)
2026-07-09Kurtz Philip S.CLO & Corp. Secretary6,414$71K4.9%NoRoutine (sold in Jan & Sep each year 2023–2025; this trade is outside those months)
2026-07-09Foote TimChief Financial Officer8,235$90K10.1%NoToo little history (no open-market trades in 2023 or 2024)
2026-07-02Giamatteo John JosephCEO & President, Secure Comm.28,272$317K2.9%NoRoutine (sold in Jan each year 2023–2025; this trade is outside those months)
2026-07-02Armstrong-Owen JenniferSr VP & Chief People Officer2,556$29K2.5%NoToo little history (no open-market trades in 2023 or 2024)
2026-07-02Foote TimChief Financial Officer25,878$321K29.2%NoToo little history (no open-market trades in 2023 or 2024)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (BB)

Consensus Hold (mean 3.00 on a 1–5 scale), 8 analysts; mean target USD 9.8 (low 6.6, high 13).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-08AmerxInitiatedBuy$13.5
2026-09-25Canaccord GenuityTarget loweredHold$10.3 → $9.5
2026-09-25RBC CapitalReiteratedSector Perform$9
2026-09-21RBC CapitalReiteratedSector Perform$9
2026-06-29RBC CapitalTarget raisedSector Perform$4.5 → $9
2026-06-26CIBCTarget raisedOutperformer$10 → $13
2026-06-26Canaccord GenuityTarget raisedHold$8.2 → $10.3

Total return (dividends reinvested) (BB)

1Y (from 2025-10-23)5Y (from 2021-10-18)
Total return+86.3%-21.3%
S&P 500 (SPY)+14.9%+80.3%
Per year+86.7%-4.7%
Volatility (annualized)62.8%58.4%
Max drawdown-41.1% (Jul 2026→Sep 2026)-80.4% (Nov 2021→Aug 2024)

BB revenue by business segment (quarter ended Aug 31, 2026)

LineRevenueShare of totalYoY
QNX$80.3M49.2%+27.3%
Secure Communication$60.9M37.3%+1.7%
Licensing$22.1M13.5%+234.8%
Total revenue$163.3M100%—

BB revenue by region (quarter ended Aug 31, 2026)

LineRevenueShare of totalYoY
North America$72.6M44.5%+16.5%
Europe, Middle East and Africa$58.3M35.7%+46.1%
Other regions$32.4M19.8%+18.2%
Total revenue$163.3M100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

BB suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
PartnerNVIDIA (NVDA)“•QNX and NVIDIA announced general availability of NVIDIA DRIVE AGX Thor development kit, integrated with QNX OS for Safety 8 to enable developers to accelerate development of next-generation autonomous drive systems;”

Quoted from the company's 10-K filed Apr 9, 2026.

BB company outlook (results filed Sep 24, 2026)

Quoted word-for-word from the SEC 8-K results press release.

BB analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Nov 2026)$0.05$0.05-2.8%$149.3M6
Next quarter (ends Feb 2027)$0.05$0.06-13.3%$165.1M5
Current fiscal year (ends Feb 2027)$0.21$0.19+9.1%$626.2M7
Next fiscal year (ends Feb 2028)$0.24$0.23+3.1%$688.2M7

BB options: expected move

Options price a move of about ±21.2% (±$1.80) by Dec 18, 2026, which includes earnings on Dec 17, 2026. Over the last 8 reports the stock moved ±15.2% on average.

ExpirationDaysATM implied volatilityExpected move
Oct 30, 2026766.2%±7.9%
Nov 6, 20261461.4%±10.1%
Nov 13, 20262161.0%±12.1%
Nov 20, 20262863.3%±14.4%
Nov 27, 20263561.7%±15.6%
Dec 4, 20264299.7%±27.2%
Dec 18, 20265665.9%±21.2%
Jan 15, 20278464.4%±24.9%

30-day implied volatility 63.1% vs 74% realized over the last 30 trading days. Put/call ratio (volume) 0.3. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 08:36 UTC)

PriceUSD 8.59
Change▼ 8.71% (down)
Previous CloseUSD 9.41
OpenUSD 9.24
Day RangeUSD 8.54 – 9.33
52-Week RangeUSD 3.12 – 13.59
Volume12,977,361 shares
Market Cap$5.04B
ExchangeNYQ

Technical Analysis (BB)

Nexqual's technical model rates BB "NEUTRAL" based on 3 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 08:36 UTC.

Overall SignalNEUTRAL
RSI (14)51.06 (neutral)
vs SMA50Above (USD 8.36)
MACD0.07 (positive)

Analyst Ratings (BB)

Wall Street analysts rate BB "Hold" based on 8 analysts, with a mean price target of USD 9.8 (range USD 6.6–13), per Nexqual as of October 23, 2026 at 08:36 UTC.

Consensus RatingHold
Analyst Count8
Mean TargetUSD 9.8
High TargetUSD 13
Low TargetUSD 6.6
Buy / Hold / Sell2 / 4 / 2

Earnings (BB)

Next Earnings Date2026-12-17
EPS EstimateUSD 0.05
Revenue Estimate$149.35M

Recent Earnings History

QuarterActual vs Estimate
2026-08-31USD 0.07 vs est 0.04 ▲ beat
2026-05-31USD 0.04 vs est 0.03 ▲ beat
2026-02-28USD 0.06 vs est 0.04 ▲ beat
2025-11-30USD 0.05 vs est 0.04 ▲ beat

Source: Nexqual, October 23, 2026 at 08:36 UTC.

Financials & Fundamentals (BB)

Total Revenue$614.00M
Revenue Growth (latest quarter, YoY)+26.00%
Gross Margin+77.87%
Operating Margin+22.66%
Profit Margin+13.09%
ROE+10.60%
Debt / Equity0.28
Current Ratio2.38
Total Cash$377.50M
Total Debt$221.00M
Free Cash Flow (last four quarters to Aug 2026, SEC 10-Q / 10-K)$92.10M (15.0% of revenue)

Source: Nexqual, October 23, 2026 at 08:36 UTC.

Financial Health Score (BB)

Nexqual rates BlackBerry Limited's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 08:36 UTC.

GrowthMixed — Revenue +2.7% YoY (annual), slow
ProfitabilityStrong — Gross margin 78%, operating 23% (last 12 months)
Balance SheetStrong — $378M cash and investments vs $197M debt (Aug 2026, SEC), net cash
Cash FlowStrong — FCF $92M (last 4 quarters to Aug 2026, SEC), 15% margin
EfficiencyMixed — ROE 11%, ROA 5.0%

Ownership (BB)

Insider Ownership+0.33%
Institutional Ownership+54.57%
Shares Outstanding587.03M
Float585.51M
Short % of Float+6.83%

Source: Nexqual, October 23, 2026 at 08:36 UTC.

Leadership (BB)

BlackBerry Limited is led by John Joseph Giamatteo, CEO; President of Secure Communications & Director, per Nexqual as of October 23, 2026 at 08:36 UTC.

CEO; President of Secure Communications & DirectorJohn Joseph Giamatteo
Chief Financial OfficerTim Foote
Senior Director of Investor RelationsSuzanne M. Spera
Senior VP & Chief Strategy OfficerJohn Dimitropoulos
President of QNX DivisionJohn Wall

Major Backers & Investors (BB)

Notable institutional backers of BlackBerry Limited include Voya Investment Management LLC, T. Rowe Price, First Trust Advisors LP, according to Nexqual as of October 23, 2026 at 08:36 UTC.

Active Investors

InvestorStake
Voya Investment Management LLC4.76%
T. Rowe Price3.42%
First Trust Advisors LP3.26%
First TRT Exch-Trd Fd. II-First TRT NASDAQ Cybersecurity ETF3.04%
Shaw D.E. & Co., Inc.2.27%
Price (T.Rowe) Associates Inc2.19%
Hood River Capital Management LLC1.99%
Two Sigma Investments, LP1.83%

Index Funds (Passive)

FundStake
Legal & General Group PLC6.49%
Vanguard Group2.92%

Source: Nexqual, October 23, 2026 at 08:36 UTC.

From BlackBerry Limited's Latest SEC 10-K Filing (filed 2026-04-09)

Key Strengths & Strategy (as disclosed to the SEC)

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

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TENBTenable Holdings, Inc.USD 42▲ 3.27%
VRNSVaronis Systems, Inc.USD 48.89▲ 0.41%
ACIWACI Worldwide, Inc.USD 56.19▲ 4.33%
MBGLMobility Global Inc.USD 19.28▲ 4.1%

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:36 UTC. This page is informational and not investment advice.

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