WATERLOO, ONTARIO — December 18, 2025 — Leads & Copy — BlackBerry Limited (NYSE:BB)(TSX:BB) has released its financial results for the three months ended November 30, 2025, with figures in U.S. dollars and U.S. GAAP unless otherwise noted. The company reported revenue above the high end of its guidance, reaching $141.8 million.
CEO John J. Giamatteo said that BlackBerry’s strong revenue performance, combined with cost management, led to the company’s strongest quarter of GAAP profitability in almost four years and increased operating cash flow. The QNX division achieved a record revenue quarter, expanding in the automotive sector and other industries. The Secure Communications division also performed well, exceeding revenue and adjusted EBITDA expectations.
GAAP profitability was achieved again, with a GAAP net income of $13.7 million and an adjusted net income of $26.8 million.
Key financial highlights for the third quarter of fiscal 2026 include:
- Total company revenue beating guidance at $141.8 million
- Total company GAAP and adjusted gross margin decreasing 1 percentage point year-over-year to 78%
- QNX revenue growing 10% year-over-year to $68.7 million
- Secure Communications revenue exceeding guidance at $67.0 million
- Licensing revenue in line with expectations at $6.1 million
- Total company adjusted EBITDA at $28.7 million, or 20% of revenue
- GAAP basic earnings per share at $0.02 and non-GAAP basic earnings per share at $0.05
- Operating cash flow growing to positive $17.9 million
- Total cash, cash equivalents, short-term and long-term investments increasing by $14 million sequentially to $378 million
BlackBerry also highlighted several business achievements and strategic announcements:
- John Wall was appointed as President of the QNX division.
- QNX technology is now powering more than 275 million vehicles on the road.
- A leading Chinese automaker selected QNX® Sound for their luxury EV lineup.
- BlackBerry® SecuSUITE® was expanded to Windows devices.
- A strategic partnership was announced with Universiti Kebangsaan Malaysia.
- Malaysia expanded the deployment of BlackBerry Secure Communications software for the 46th and 47th ASEAN Summits.
BlackBerry provided the following guidance for the fourth fiscal quarter and the full fiscal year 2026 (ending February 28, 2026):
| Q4 FY26 | Full fiscal year FY26 | |
|---|---|---|
| Total BlackBerry revenue: | $138 – $148 million | $531 – $541 million |
| QNX revenue: | $71 – $77 million | $260 – $266 million |
| Secure Communications revenue: | $61 – $65 million | $247 – $251 million |
| Licensing revenue: | Approximately $6 million | Approximately $24 million |
| QNX segment adjusted EBITDA: | $17 – $23 million | $67 – $73 million |
| Secure Communications segment adjusted EBITDA: | $11 – $15 million | $47 – $51 million |
| Licensing segment adjusted EBITDA: | Approximately $5 million | Approximately $20 million |
| Adjusted Corporate Operating Costs 2 : | Approximately $10 million | Approximately $40 million |
| Total Company adjusted EBITDA: | $22 – $32 million | $94 – $104 million |
| Non-GAAP basic EPS: | $0.03 – $0.05 | $0.14 – $0.16 |
| Operating cash flow | $40 – $45 million | $43 – $48 million |
BlackBerry again achieved GAAP profitability, with GAAP net income of $13.7 million and adjusted net income of $26.8 million.
GAAP basic earnings per share was $0.02 and non-GAAP basic earnings per share was $0.05, exceeding the top end of previously-provided guidance range.
Operating cash flow for the third quarter grew both sequentially and year-over-year to positive $17.9 million.
$5 million was returned to shareholders by the repurchase of approximately 1.2 million common shares.
Total cash, cash equivalents, short-term and long-term investments increased by $14 million sequentially to $378 million.
Investor Contact:
BlackBerry Investor Relations
+1 (519) 888-7465
investorrelations@blackberry.com
Media Contact:
BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@blackberry.com
Source: BlackBerry
