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)
- Last four reported quarters (through Aug 31, 2026): revenue $614M, net income $80.4M (13.1% margin), free cash flow $92.1M (SEC filings).
- Valuation: P/E 62.7x (avg 38.1x at the last 1 fiscal year-ends), EV/EBITDA 50.5x, net cash $180M.
- Insider open-market sales, last ~7 months: 25 Form 4 filings, $8.1M; 25 not under a Rule 10b5-1 plan ($8.1M); 0 by opportunistic insiders, 13 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 3.00 on a 1–5 scale) (8 analysts), mean target USD 9.8 (range 6.6–13).
- Total return with dividends: 1Y +86.3% vs S&P 500 +14.9%; 5Y -21.3% vs S&P 500 +80.3%.
- Next earnings: 2026-12-17, EPS estimate USD 0.05, revenue estimate $149M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BB)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| 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 margin | 65.0% | 69.7% | 64.6% | 73.8% | 76.2% | — |
| Operating margin | -0.3% | -39.3% | 1.4% | 0.1% | 8.8% | 13.6% |
| Net margin | 1.7% | -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 date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-21…2026-10-22 | Giamatteo John Joseph | CEO & President, Secure Comm. | 250,000 | $2.3M | 31.5% | No | Routine (sold in Jan each year 2023–2025; this trade is outside those months) |
| 2026-10-09 | Armstrong-Owen Jennifer | Sr VP & Chief People Officer | 3,379 | $28K | 2.9% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-10-09 | Foote Tim | Chief Financial Officer | 8,441 | $71K | 10.5% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-10-09 | Giamatteo John Joseph | CEO & President, Secure Comm. | 27,004 | $226K | 3.3% | No | Routine (sold in Jan each year 2023–2025; this trade is outside those months) |
| 2026-10-09 | Kurtz Philip S. | CLO & Corp. Secretary | 6,164 | $52K | 7.8% | No | Routine (sold in Jan & Sep each year 2023–2025; this trade is outside those months) |
| 2026-10-02 | Kurtz Philip S. | CLO & Corp. Secretary | 4,168 | $38K | 5.7% | No | Routine (sold in Jan & Sep each year 2023–2025; this trade is outside those months) |
| 2026-10-02 | Giamatteo John Joseph | CEO & President, Secure Comm. | 29,272 | $269K | 3.7% | No | Routine (sold in Jan each year 2023–2025; this trade is outside those months) |
| 2026-10-02 | Foote Tim | Chief Financial Officer | 3,269 | $30K | 5.1% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-10-02 | Wall John Christopher | President, QNX | 3,474 | $32K | 20% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-10-02 | Armstrong-Owen Jennifer | Sr VP & Chief People Officer | 2,590 | $24K | 2.3% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-10-01 | Foote Tim | Chief Financial Officer | 16,672 | $152K | 22.7% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-30 | Kurtz Philip S. | CLO & Corp. Secretary | 30,000 | $274K | 31.5% | No | Routine (sold in Jan & Sep each year 2023–2025) |
| 2026-07-14 | Kurtz Philip S. | CLO & Corp. Secretary | 30,000 | $340K | 24% | No | Routine (sold in Jan & Sep each year 2023–2025; this trade is outside those months) |
| 2026-07-08…2026-07-09 | Giamatteo John Joseph | CEO & President, Secure Comm. | 277,012 | $3.1M | 27.7% | No | Routine (sold in Jan each year 2023–2025; this trade is outside those months) |
| 2026-07-09 | Armstrong-Owen Jennifer | Sr VP & Chief People Officer | 3,296 | $36K | 3% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-07-09 | Kurtz Philip S. | CLO & Corp. Secretary | 6,414 | $71K | 4.9% | No | Routine (sold in Jan & Sep each year 2023–2025; this trade is outside those months) |
| 2026-07-09 | Foote Tim | Chief Financial Officer | 8,235 | $90K | 10.1% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-07-02 | Giamatteo John Joseph | CEO & President, Secure Comm. | 28,272 | $317K | 2.9% | No | Routine (sold in Jan each year 2023–2025; this trade is outside those months) |
| 2026-07-02 | Armstrong-Owen Jennifer | Sr VP & Chief People Officer | 2,556 | $29K | 2.5% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-07-02 | Foote Tim | Chief Financial Officer | 25,878 | $321K | 29.2% | No | Too 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:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-08 | Amerx | Initiated | Buy | $13.5 |
| 2026-09-25 | Canaccord Genuity | Target lowered | Hold | $10.3 → $9.5 |
| 2026-09-25 | RBC Capital | Reiterated | Sector Perform | $9 |
| 2026-09-21 | RBC Capital | Reiterated | Sector Perform | $9 |
| 2026-06-29 | RBC Capital | Target raised | Sector Perform | $4.5 → $9 |
| 2026-06-26 | CIBC | Target raised | Outperformer | $10 → $13 |
| 2026-06-26 | Canaccord Genuity | Target raised | Hold | $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)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| QNX | $80.3M | 49.2% | +27.3% |
| Secure Communication | $60.9M | 37.3% | +1.7% |
| Licensing | $22.1M | 13.5% | +234.8% |
| Total revenue | $163.3M | 100% | — |
BB revenue by region (quarter ended Aug 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| North America | $72.6M | 44.5% | +16.5% |
| Europe, Middle East and Africa | $58.3M | 35.7% | +46.1% |
| Other regions | $32.4M | 19.8% | +18.2% |
| Total revenue | $163.3M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
BB suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | NVIDIA (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)
- “BlackBerry is providing the following guidance for the third fiscal quarter ending November 30, 2026 and the fiscal year ending February 28, 2027.”
Quoted word-for-word from the SEC 8-K results press release.
BB analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Nov 2026) | $0.05 | $0.05 | -2.8% | $149.3M | 6 |
| Next quarter (ends Feb 2027) | $0.05 | $0.06 | -13.3% | $165.1M | 5 |
| Current fiscal year (ends Feb 2027) | $0.21 | $0.19 | +9.1% | $626.2M | 7 |
| Next fiscal year (ends Feb 2028) | $0.24 | $0.23 | +3.1% | $688.2M | 7 |
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.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 66.2% | ±7.9% |
| Nov 6, 2026 | 14 | 61.4% | ±10.1% |
| Nov 13, 2026 | 21 | 61.0% | ±12.1% |
| Nov 20, 2026 | 28 | 63.3% | ±14.4% |
| Nov 27, 2026 | 35 | 61.7% | ±15.6% |
| Dec 4, 2026 | 42 | 99.7% | ±27.2% |
| Dec 18, 2026 | 56 | 65.9% | ±21.2% |
| Jan 15, 2027 | 84 | 64.4% | ±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)
| Price | USD 8.59 |
|---|---|
| Change | ▼ 8.71% (down) |
| Previous Close | USD 9.41 |
| Open | USD 9.24 |
| Day Range | USD 8.54 – 9.33 |
| 52-Week Range | USD 3.12 – 13.59 |
| Volume | 12,977,361 shares |
| Market Cap | $5.04B |
| Exchange | NYQ |
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 Signal | NEUTRAL |
|---|---|
| RSI (14) | 51.06 (neutral) |
| vs SMA50 | Above (USD 8.36) |
| MACD | 0.07 (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 Rating | Hold |
|---|---|
| Analyst Count | 8 |
| Mean Target | USD 9.8 |
| High Target | USD 13 |
| Low Target | USD 6.6 |
| Buy / Hold / Sell | 2 / 4 / 2 |
Earnings (BB)
| Next Earnings Date | 2026-12-17 |
|---|---|
| EPS Estimate | USD 0.05 |
| Revenue Estimate | $149.35M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-08-31 | USD 0.07 vs est 0.04 ▲ beat |
| 2026-05-31 | USD 0.04 vs est 0.03 ▲ beat |
| 2026-02-28 | USD 0.06 vs est 0.04 ▲ beat |
| 2025-11-30 | USD 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 / Equity | 0.28 |
| Current Ratio | 2.38 |
| 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.
| Growth | Mixed — Revenue +2.7% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 78%, operating 23% (last 12 months) |
| Balance Sheet | Strong — $378M cash and investments vs $197M debt (Aug 2026, SEC), net cash |
| Cash Flow | Strong — FCF $92M (last 4 quarters to Aug 2026, SEC), 15% margin |
| Efficiency | Mixed — ROE 11%, ROA 5.0% |
Ownership (BB)
| Insider Ownership | +0.33% |
|---|---|
| Institutional Ownership | +54.57% |
| Shares Outstanding | 587.03M |
| Float | 585.51M |
| 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 & Director | John Joseph Giamatteo |
|---|---|
| Chief Financial Officer | Tim Foote |
| Senior Director of Investor Relations | Suzanne M. Spera |
| Senior VP & Chief Strategy Officer | John Dimitropoulos |
| President of QNX Division | John 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
| Investor | Stake |
|---|---|
| Voya Investment Management LLC | 4.76% |
| T. Rowe Price | 3.42% |
| First Trust Advisors LP | 3.26% |
| First TRT Exch-Trd Fd. II-First TRT NASDAQ Cybersecurity ETF | 3.04% |
| Shaw D.E. & Co., Inc. | 2.27% |
| Price (T.Rowe) Associates Inc | 2.19% |
| Hood River Capital Management LLC | 1.99% |
| Two Sigma Investments, LP | 1.83% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Legal & General Group PLC | 6.49% |
| Vanguard Group | 2.92% |
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)
- BlackBerry Certicom leverages patented elliptic curve cryptography to provide device security, anti-counterfeiting and product authentication solutions to deliver end-to-end security with managed public key infrastructure, code signing, and other applied cryptography and key management solutions.
- The QNX division competes principally with other providers of embedded foundational software, including Linux open-source operating systems.
- In fiscal 2026, BlackBerry UEM also became the first mobile device management platform ("MDM") to be certified by the German Federal Office for Information Security, BSI, certification program for MDM on Apple Indigo (iOS native devices in government operations) and Samsung Knox devices.
- BlackBerry AtHoc is currently the only critical events management platform authorized with a FedRAMP High certification and is the leading provider of network-centric, interactive crisis communication to the U.S.
Legal & Regulatory Risks (Item 1A, quoted)
- The use and management of user data and personal information could give rise to liabilities as a result of legal, customer and other third-party requirements.
- The Company's customers, partners and members of its ecosystem may also have differing expectations or impose territorial or other requirements for the collection, hosting, processing and transmittal of user data or personal information in connection with BlackBerry products and services.
- Government regulations applicable to the Company's products and services, including products containing encryption capabilities, could negatively impact the Company's business.
- Environmental, social and governance ("ESG") expectations and standards expose the Company to risks that could adversely affect the Company's reputation and performance.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| WIX | Wix.com Ltd. | USD 82.55 | ▲ 4.84% |
| RELY | Remitly Global, Inc. | USD 25.32 | ▼ 0.39% |
| TENB | Tenable Holdings, Inc. | USD 42 | ▲ 3.27% |
| VRNS | Varonis Systems, Inc. | USD 48.89 | ▲ 0.41% |
| ACIW | ACI Worldwide, Inc. | USD 56.19 | ▲ 4.33% |
| MBGL | Mobility 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.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt