Stock

BlackBerry Limited

Software - Infrastructure · Technology

Also trades as: BB.TO CAD 12.46 (+3.66%) · 0R0P.L GBP 0.12 (-6.28%)

Price

$8.92

+0.33 (+3.84%)

Market Cap

$5.24B

Exchange

New York Stock Exchange

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Data as of Oct 24, 2026 · filings through Aug 31, 2026

§How the score breaks down

Quality

Exceptional

28/30

Growth

Strong

14/20

Cash Flow

Exceptional

9/10

Stability

Exceptional

10/10

Valuation

Good

5/10

Ownership

Weak

1/15

Dividends

Not counted

n/a

67 of 95 counted points = Winston Score 71. Pillars marked n/a do not apply to this company and are left out of the total.

Track this stock — start free trial

Share count falling — buybacks

−5.4% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 631.4M (2022) → 597.6M (2026)

§Winston Score History

The full picture

BlackBerry makes software that helps keep computers, cars, and devices safe from hackers. Its two main businesses are cybersecurity software for governments and large companies, and embedded software called QNX that runs inside vehicles — used by most of the world's major automakers. BlackBerry no longer makes smartphones, even though that is what it was once famous for.

The company earns money through software licenses and recurring subscriptions, which explains its high gross margins. It operates globally, with strong ties to government clients in the US, Canada, and the UK, giving it a degree of stability through long-term contracts. The biggest growth opportunity is QNX expanding deeper into connected and autonomous vehicles as cars become more software-driven, but the main risk is that BlackBerry's cybersecurity division faces intense competition from larger, better-funded rivals like CrowdStrike and Microsoft, which could make it hard to grow that side of the business.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+26.0% YoY

YoY Growth Rate

Revenue accelerating

Reported EPS Growth

+167.9% YoY

Quarterly reporting periods ended:

31 Aug 2025: $0.0224

31 Aug 2026: $0.06

Reported/statutory EPS, not adjusted or underlying earnings. One-off items can affect this figure. Provider rounding can affect the growth rate.

YoY Growth Rate

Reported EPS increased year over year

R&D Spend

$114M/ year

→ Flat (+4% vs prior year)

20.7% of revenue

In line with sector average (15%)

Steady R&D investment year-over-year

Insider Activity

0.2%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$433M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

BlackBerry Limited grew revenue 26% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

77.8%

Premium pricing power — 77.8% gross margin

Profit after running costs

Operating Margin

20.6%

Excellent — 20.6% operating margin

Return on the money invested

ROCE

140.6%

Exceptional — 140.6% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+14.0%

Fast-growing sales (+14.0% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

123%

Turns 123% of profit into real cash

Spare cash per sale

FCF Margin

14.8%

Converts sales into free cash efficiently (14.8%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.29

Conservative — low debt load (0.29)

Covers its interest

Interest Cover

56.75x

Comfortably covers interest (56.8x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

64.8x

Expensive — P/E 64.8

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

+22.4

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (64.8 → 42.4)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial