BLACKBERRY Ltd(BB)Stock Analysis
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Rank #1,181 of 2,962 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
BB Stock Analysis & AI Quality Score
Data updated 2026-09-11AI stock analysis and institutional research for BLACKBERRY Ltd (BB), a Technology sector company. 13F Pro's AI-powered ranking engine scores BB at 56.3/100 on a 32-signal composite quality model, placing it at rank #1,181 of 2,962 stocks — the top half of the AI-ranked universe. Based on the latest XBRL financial filings (Q2 2026), BLACKBERRY Ltd reports quarterly revenue of $152.9M, net income of $8.5M, an operating margin of 10.0%. Top institutional holders of BB by reported 13-F value include Legal & General Group Plc, VOYA INVESTMENT MANAGEMENT, T. Rowe Price Investment Management, based on the most recent SEC filings. BB trades on the NYSE exchange and files with the SEC under CIK 1070235. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BLACKBERRY Ltd directly from SEC EDGAR. BLACKBERRY Ltd's 13F Pro composite quality score has ranged between 23 and 57 since 2026, currently 56.3 — an improving long-term trajectory across 21 quarterly and live scoring snapshots.
Revenue
Q2 2026
$152.9M
Net Income
Q2 2026
$8.5M
Free Cash Flow
Q2 2026
$1.7M
Operating Margin
Q2 2026
10.0%
ROIC
Q2 2026
6.5%
D/E Ratio
Q2 2026
0.26
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
+2.7% YoYNet Income
+167.3% YoYOperating Income
+5937.5% YoYEPS (Diluted)
+169.2% YoYTotal Assets
-3.9% YoYTotal Debt
+0.6% YoYOp. Cash Flow
+204.8% YoYFree Cash Flow
+247.0% YoY| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $549.1M +2.7% | $534.9M -29.5% | $759.1M +44.2% | $526.3M -26.7% | $718.0M -19.6% | $893.0M |
| Net Income | $53.2M +167.3% | $-79.0M +39.3% | $-130.2M +82.3% | $-734.4M -6220.0% | $12.0M +101.1% | $-1.10B |
| Operating Income | $48.3M +5937.5% | $800.0K -92.7% | $11.0M +105.3% | $-206.8M -10240.0% | $-2.0M +99.8% | $-1.11B |
| EPS (Diluted) | $0.09 +169.2% | $-0.13 +40.9% | $-0.22 +83.7% | $-1.35 -335.5% | $-0.31 +84.3% | $-1.97 |
| Total Assets | $1.25B -3.9% | $1.30B -7.1% | $1.40B -16.9% | $1.68B -34.6% | $2.57B -8.9% | $2.82B |
| Total Debt | $196.5M +0.6% | $195.3M +0.6% | $194.1M | $0.00 | — | — |
| Operating Cash Flow | $50.3M +204.8% | $16.5M +571.4% | $-3.5M +98.7% | $-262.2M -836.4% | $-28.0M -134.1% | $82.0M |
| Free Cash Flow | $46.5M +247.0% | $13.4M +226.4% | $-10.6M +96.1% | $-269.5M -648.6% | $-36.0M -148.6% | $74.0M |
AI Insight: BB Financial Trends
BlackBerry returned to modest profitability in mid-2025 after deep losses, but revenue remains volatile and operating cash flow remains weak.
• Net income swung from -$108M loss in Q1 2025 to +$14M profit in Q4 2025, stabilizing at +$8M in Q2 2026.
• Operating income improved from -$25M in Q1 2025 to +$12M in Q4 2025, maintaining positive territory through Q2 2026.
• Revenue declined 15% from Q4 2024 ($153M) baseline through Q3 2025 ($130M low), recovering to $153M in Q2 2026.
⚠ Operating cash flow remains persistently negative or marginal (Q2 2026: +$5M), signaling weak underlying cash generation despite profitability.
⚠ Equity eroded 10% from $825M (Q4 2023) to $746M (Q1 2026), while debt stable at ~$196M—rising leverage concerns.
AI Insight: BB Ratio Trends
BlackBerry stabilized from deep losses in early 2025, posting modest profitability and steady 6.5% ROIC by Q2 2026, though margins remain pressured versus historical norms.
• Operating margin recovered from -17.3% in Q1 2025 to 10.0% in Q2 2026, signaling operational turnaround after losses.
• ROIC improved from -10.8% in Q1 2025 to 6.5% in Q2 2026, reversing capital destruction and returning positive returns.
• Debt-to-equity held stable at 0.26–0.27 throughout recovery, maintaining balance sheet discipline amid profitability restoration.
⚠ Net profit margin lags operating margin at 5.6% in Q2 2026, suggesting non-operating headwinds or tax/interest drag persisting.
⚠ All profitability metrics remain low single-digit; durability of recovery and path to pre-2024 margins unclear.
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Available Research
13F Pro tracks comprehensive data for BLACKBERRY Ltd including:
Top Institutional Holders of BB
Legal & General Group Plc
$480.7M38,079,716 shVOYA INVESTMENT MANAGEMENT LLC
$353.2M27,919,687 shT. Rowe Price Investment Management, Inc.
$253.9M20,071,245 shFIRST TRUST ADVISORS LP
$242.2M19,147,278 shVANGUARD CAPITAL MANAGEMENT LLC
$216.2M17,116,925 shD. E. Shaw & Co., Inc.
$168.4M13,321,027 shPRICE T ROWE ASSOCIATES INC /MD/
$162.3M12,826,773 shLINDEN ADVISORS LP
$158.4M48,559,000 shHood River Capital Management LLC
$147.7M11,672,761 shTWO SIGMA INVESTMENTS, LP
$135.8M10,733,152 sh
| Fund | Value | Shares |
|---|---|---|
| Legal & General Group Plc | $480.7M | 38,079,716 |
| VOYA INVESTMENT MANAGEMENT LLC | $353.2M | 27,919,687 |
| T. Rowe Price Investment Management, Inc. | $253.9M | 20,071,245 |
| FIRST TRUST ADVISORS LP | $242.2M | 19,147,278 |
| VANGUARD CAPITAL MANAGEMENT LLC | $216.2M | 17,116,925 |
| D. E. Shaw & Co., Inc. | $168.4M | 13,321,027 |
| PRICE T ROWE ASSOCIATES INC /MD/ | $162.3M | 12,826,773 |
| LINDEN ADVISORS LP | $158.4M | 48,559,000 |
| Hood River Capital Management LLC | $147.7M | 11,672,761 |
| TWO SIGMA INVESTMENTS, LP | $135.8M | 10,733,152 |
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Popular Research
Is BB a good stock to buy?
13F Pro's AI-powered analysis of BLACKBERRY Ltd (BB) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BB are available on the BB stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. BB is classified as a mid company.
Which hedge funds own BB?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BB. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of BLACKBERRY Ltd's investment landscape.