BlackBerry Reports Strong Financial Performance

By Bobby Samwell • Wednesday, April 02 15:15 • Permanent Link

BlackBerry Limited (NYSE: BB; TSX: BB) has released its financial results for the fourth quarter and full fiscal year 2025, showing strong performance across all three divisions: QNX, Secure Communications, and Licensing.

For the fourth quarter of fiscal 2025, total company revenue was reported at $141.7 million, with an adjusted gross margin of 74% and GAAP gross margin of 73%. Notably, QNX revenue grew 6% sequentially and was flat year over year, reaching $65.8 million. Secure Communications revenue exceeded expectations at $67.3 million, and Licensing revenue also surpassed guidance at $8.6 million. Adjusted EBITDA for the quarter came in at $21.1 million, surpassing previously-provided guidance.

Furthermore, for the full fiscal year 2025, BlackBerry reported total company revenue of $534.9 million, with adjusted gross margins and GAAP gross margins both at 74%. QNX revenue for the full fiscal year grew 10% year-over-year, hitting the top-end of previously-provided guidance at $236.0 million. Secure Communications revenue for the full fiscal year also exceeded previously-provided guidance at $272.6 million.

Additionally, the company reported adjusted net income of $17.7 million for the fourth quarter, with adjusted basic income per share beating guidance at $0.03. For the full fiscal year, adjusted net income was $12.5 million, with adjusted basic earnings per share at $0.02.

BlackBerry also shared its financial outlook for the first fiscal quarter and the full fiscal year 2026, with total company revenue expected to be in the range of $504 million to $534 million for the full fiscal year. QNX revenue is projected to be between $250 million and $270 million, and Secure Communications revenue is expected to range from $230 million to $240 million.

The company's performance reflects its strong financial position as it looks ahead to the new fiscal year, as indicated by the increase in total cash and investments by $144 million sequentially to $410 million. The successful completion of strategic initiatives, such as the sale of its Cylance business to Arctic Wolf, also contributed to strengthening its balance sheet. Today the company's shares have moved -9.7% to a price of $3.37. If you want to know more, read the company's complete 8-K report here.

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