Q4 25 EPS
$0.03
BEAT +710.81%
Est. $0.00
Q4 25 Revenue
$141.7M
BEAT +6.70%
Est. $132.8M
vs S&P Since Q4 25
+208.6%
BEATING MARKET
BB +240.5% vs S&P +31.9%
Full Year 2025 Results
FY 25 EPS
$0.02
BEAT +150.00%
Est. $0.01
FY 25 Revenue
$534.9M
MISS 3.48%
Est. $554.2M
Market Reaction
Did BB Beat Earnings? Q4 2025 Results
BlackBerry posted a mixed fourth quarter for fiscal 2025, delivering an earnings beat that was overshadowed by a meaningful revenue shortfall as shares tumbled nearly 10% in the wake of the results. The company earned adjusted EPS of $0.03, topping t… Read more BlackBerry posted a mixed fourth quarter for fiscal 2025, delivering an earnings beat that was overshadowed by a meaningful revenue shortfall as shares tumbled nearly 10% in the wake of the results. The company earned adjusted EPS of $0.03, topping the $0.02 consensus estimate by 50.00%, but revenue of $141.70 million fell well short of the $160.98 million analysts had expected, an 11.97% miss, weighed down by declines across all three segments. The single most consequential development of the quarter was the completed sale of its Cylance endpoint security unit to Arctic Wolf, which brought in roughly $80.00 million in initial proceeds and helped push total cash and investments up $144.00 million sequentially to $410.30 million. GAAP net loss narrowed sharply to $7.40 million from $56.20 million a year ago, while operating cash flow swung to a positive $42.00 million. Looking ahead, BlackBerry guided fiscal 2026 revenue of $504.00–$534.00 million, slightly below its prior-year results, with macro headwinds and cautious enterprise spending clouding the near-term outlook.
Key Takeaways
- • All three divisions exceeded top-end of Q4 guidance range
- • Operating cash flow improved $57 million year-over-year to $42 million
- • Cylance sale to Arctic Wolf completed, generating approximately $80 million in first-tranche proceeds
- • Total cash and investments increased $144 million sequentially to $410 million
- • QNX royalty backlog grew from approximately $815 million to $865 million
- • Secure Communications ARR increased 3% year-over-year to $208 million
BB YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
BB Revenue by Segment
With YoY comparisons, source: SEC Filings
“BlackBerry closed out this transformational fiscal year with another quarter of strong financial performance from all three divisions: QNX, Secure Communications and Licensing. We also took a big step forward by completing the sale of the Cylance business to Arctic Wolf, a win-win for all parties, and significantly strengthening our balance sheet in the process.”
— John J. Giamatteo, Q4 2025 Earnings Press Release
BB Earnings Trends
BB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BB EPS Trend
Earnings per share: estimate vs actual
BB Revenue Trend
Quarterly revenue: estimate vs actual
BB Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.03 | $0.04 | +53.85% | $152.9M | +10.87% |
| Q4 26 BEAT FY | $0.04 | $0.06 | +38.57% | $156.0M | +7.92% |
| FY Full Year | $0.15 | $0.16 | +9.81% | $549.1M | +2.18% |
| Q3 26 BEAT | $0.04 | $0.05 | +36.24% | $141.8M | +3.10% |
| Q2 26 BEAT | $0.01 | $0.04 | +185.71% | $129.6M | +6.20% |
| Q1 26 BEAT | $0.00 | $0.02 | +669.23% | $121.7M | +8.48% |
| Q4 25 BEAT FY | $0.00 | $0.03 | +710.81% | $141.7M | +6.70% |
| FY Full Year | $0.01 | $0.02 | +150.00% | $534.9M | -3.48% |