BlackBerry Reports First Quarter Fiscal Year 2026 Results

Exceeds top end of guidance range for revenue, adjusted EBITDA, adjusted EPS and operating cash flow for the total CompanyDelivers revenue and adjusted EBITDA above guidance for QNX divisionBeats revenue and adjusted EBITDA guidance for Secure Communications division, raising full year guidanceReturns $10 million to shareholders as part of share buyback program BlackBerry Limited (NYSE:BB)(TSX:BB) today reported financial results for the three months ended May 31, 2025 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated)."BlackBerry made a strong start to the new fiscal year, building on the solid foundation we as a company have laid over the past year," said John J. Giamatteo, CEO, BlackBerry. "Both our QNX and Secure Communications divisions continue to execute effectively against their strategies, beating both top line and profitability expectations. BlackBerry's solid balance sheet and plan for continuing profitability and cash generation this fiscal year enable us to allocate capital efficiently, with $10 million of share buybacks executed this past quarter."First Quarter Fiscal 2026 Financial HighlightsTotal company revenue exceeded previously-provided guidance at $121.7 millionTotal company gross margin was 74% and non-GAAP gross margin was 75%QNX revenue beat guidance and delivered 8% year-over-year growth to $57.5 million; QNX gross margin and adjusted gross margin was 81%QNX adjusted EBITDA beat previously-provided guidance at $12.7 million, or 22% of revenueSecure Communications revenue exceeded previously-provided guidance at $59.5 million; Secure Communications adjusted gross margin increased by 6 percentage points sequentially and 4 percentage points year-over-year to 70%Secure Communications ARR remained stable, relatively flat sequentially at $209 million; Secure Communications DBNRR decreased by 1 percentage point to 92%Secure Communications adjusted EBITDA exceeded previously provided guidance at $9.6 millionLicensing revenue was $4.7 million, and adjusted EBITDA was $3.8 millionBlackBerry achieved GAAP profitability for first time since Q4 FY22, with net income of $1.9 million and non-GAAP net income was $12.3 millionTotal company adjusted EBITDA exceeded previously-provided guidance at $16.4 millionGAAP basic earnings per share was breakeven and non-GAAP basic earnings per share was $0.02, beating the previously-provided guidanceOperating cash usage for the seasonally-low first quarter beat expectations at $18 million$10 million was returned to shareholders by the repurchase of 2.57 million common shares during the quarterTotal cash, cash equivalents, short-term and long-term investments decreased by $28.4 million sequentially to $381.9 millionBusiness Highlights & Strategic AnnouncementsBlackBerry announced a normal course issuer bid share buyback programQNX launched QNX® Hypervisor 8.0, built on the next-generation SDP 8.0 architecture, facilitating high-performance virtualization of multiple operating systems on a single SoCWeRide launched its next-generation ADAS platform for L2++ autonomous drive, built upon QNX® OS for SafetyLeapmotor selected QNX® technology as the foundation of its intelligent digital cockpit and autonomous drive domain controllers in its new B10 electric SUVDirect ChassisLink Inc (DCLI) announced the deployment of BlackBerry® Radar® across 100,000 chassisBlackBerry® AtHoc® became the first critical event management provider to achieve FedRAMP High authorizationMalaysia Cybersecurity Center of Excellence celebrated its first anniversary with new partnerships, scholarships and expanded education programsFinancial OutlookBlackBerry is providing the following guidance for the second fiscal quarter (ending August 31, 2025) and the full fiscal year 2026 (ending February 28, 2026).Q2 FY26Full fiscal year FY26Total BlackBerry revenue:$115 - $125 million$508 - $538 millionQNX revenue:$55 - $60 million$250 - $270 millionSecure Communications revenue:$54 - $59 million$234 - $244 millionLicensing revenue:Approximately $6 millionApproximately $24 millionQNX segment adjusted EBITDA:$10 - $13 million$55 - $60 millionSecure Communications segment adjusted EBITDA:$3 - $6 million$37 - $47 millionLicensing segment adjusted EBITDA:Approximately $5 millionApproximately $20 millionAdjusted Corporate Costs1:Approximately $10 millionApproximately $40 millionTotal Company adjusted EBITDA:$8 - $14 million$72 - $87 millionNon-GAAP basic EPS:Breakeven - $0.01$0.08 - $0.10Operating cash flow (usage)($5) - ($15) millionApproximately $35 million1 Excluding amortization costs.Use of Non-GAAP Financial MeasuresThe tables at the end of this press release include a reconciliation of the non-GAAP financial measures and non-GAAP financial ratios used by the Company to comparable U.S. GAAP measures and an explanation of why the Company uses them. The Company does not provide a reconciliation of expected Adjusted EBITDA and expected Non-GAAP basic EPS for the second quarter of 2026 to the most directly comparable expected GAAP measures because it is unable to predict with reasonable certainty, among other things, restructuring charges and impairment charges and, accordingly, a reconciliation is not available without unreasonable effort. These items are uncertain, depend on various factors, and could have a material impact on GAAP reported results for the guidance period. For more information on the non-GAAP financial measures, please refer to the tables at the end of this press release.Conference Call and WebcastA conference call and live webcast will be held today beginning at 5:30 p.m. ET, which can be accessed using the following link (here) or through the Company's investor webpage (BlackBerry.com/Investors) or by dialing toll free +1 (844) 763-8275 and entering Elite Entry Number 52549.A replay of the conference call will be available at approximately 8:30 p.m. ET today, using the same webcast link (here) or by dialing toll free +1 (877) 481-4010 and entering Replay Access Code 52549.About BlackBerryBlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company's high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.For more information, visit BlackBerry.com and follow @BlackBerry.Investor Contact:BlackBerry Investor Relations+1 (519) 888-7465[email protected]Media Contact:BlackBerry Media Relations+1 (519) 597-7273[email protected]###This news release contains forward-looking statements within the meaning of certain securities laws, including under the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including statements regarding BlackBerry's plans, strategies and objectives.The words "expect", "anticipate", "estimate", "may", "will", "should", "could", "intend", "believe", "target", "plan" and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BlackBerry in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that BlackBerry believes are appropriate in the circumstances, including but not limited to, BlackBerry's expectations regarding its business, financial performance, strategy, opportunities and prospects, the launch of new products and services, general economic conditions, and competition. Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, risks related to the following factors: BlackBerry's ability to maintain or expand its customer base for its software and services offerings to grow revenue or achieve sustained profitability; the intense competition faced by BlackBerry; BlackBerry's ability to enhance, develop, introduce or monetize its products and services in a timely manner with competitive pricing, features and performance; significant changes in government customer demand or procurement requirements; BlackBerry's sales cycles and the time and expense of its sales efforts; the occurrence or perception of a breach of BlackBerry's network cybersecurity measures, or an inappropriate disclosure of confidential or personal information; BlackBerry's continuing ability to attract new personnel, retain existing key personnel and manage its staffing effectively; risks arising from a failure or perceived failure of the security features of BlackBerry's solutions; adverse macroeconomic and geopolitical conditions, including trade policies; litigation against BlackBerry; network disruptions or other business interruptions; BlackBerry's ability to foster an ecosystem of third-party application developers; BlackBerry's dependence in part on its relationships with resellers and channel partners; BlackBerry's products and services being dependent upon interoperability with rapidly changing systems provided by third parties; BlackBerry's use of artificial intelligence solutions; failure to protect BlackBerry's intellectual property and to earn expected revenues from intellectual property rights; BlackBerry's use of open source software and its ability to obtain rights to use third-party software ; BlackBerry potentially being found to have infringed on the intellectual property rights of others; BlackBerry's indebtedness, which could impact its operating flexibility and financial condition; the asset risk faced by BlackBerry, including the potential for charges related to its long-lived assets and goodwill; tax provision changes, the adoption of new tax legislation or exposure to additional tax liabilities; the use and management of user data and personal information; government regulations applicable to BlackBerry's products and services, including products containing encryption capabilities; environmental, social and governance expectations and standards; the failure of BlackBerry's suppliers, subcontractors, channel partners and representatives to use acceptable ethical business practices or comply with applicable laws; potential impacts of acquisitions, divestitures and other business initiatives; risks associated with foreign operations, including fluctuations in foreign currencies; environmental events; the fluctuation of BlackBerry's quarterly revenue and operating results; and the volatility of the market price of BlackBerry's common shares.These risk factors and others relating to BlackBerry are discussed in greater detail in BlackBerry's Annual Report on Form 10-K and the "Cautionary Note Regarding Forward-Looking Statements" section of BlackBerry's MD&A (copies of which filings may be obtained at www.sedarplus.ca or www.sec.gov). All of these factors should be considered carefully, and readers should not place undue reliance on BlackBerry's forward-looking statements. Any statements that are forward-looking statements are intended to enable BlackBerry's shareholders to view the anticipated performance and prospects of BlackBerry from management's perspective at the time such statements are made, and they are subject to the risks that are inherent in all forward-looking statements, as described above, as well as difficulties in forecasting BlackBerry's financial results and performance for future periods, particularly over longer periods, given changes in technology and BlackBerry's business strategy, evolving industry standards, intense competition and short product life cycles that characterize the industries in which BlackBerry operates. Any forward-looking statements are made only as of today and BlackBerry has no intention and undertakes no obligation to update or revise any of them, except as required by law.###BlackBerry LimitedIncorporated under the Laws of Ontario(United States dollars, in millions except share and per share amounts)Consolidated Statements of OperationsThree Months EndedMay 31, 2025February 28, 2025May 31, 2024Revenue$121.7$141.7$123.4Cost of sales31.437.633.4Gross margin90.3104.190.0Gross margin %74.2%73.5%72.9%Operating expensesResearch and development25.023.230.6Sales and marketing28.727.123.8General and administrative30.550.040.3Amortization4.04.14.7Impairment of long-lived assets0.14.93.5Litigation settlements-2.8-88.3112.1102.9Operating income (loss)2.0(8.0)(12.9)Investment income, net2.91.64.0Income (loss) before income taxes4.9(6.4)(8.9)Provision for income taxes3.01.47.6Income (loss) from continuing operations1.9(7.8)(16.5)Gain from disposal of discontinued operation, net of tax-10.2-Loss from discontinued operations, net of tax-(9.8)(24.9)Net income (loss)$1.9$(7.4)$(41.4)Earnings (loss) per shareBasic earnings (loss) per share from continuing operations$0.00$(0.01)$(0.03)Total basic earnings (loss) per share$0.00$(0.01)$(0.07)Diluted earnings (loss) per share from continuing operations$0.00$(0.01)$(0.03)Total diluted earnings (loss) per share$0.00$(0.01)$(0.07)Weighted-average number of common shares outstanding (000s)Basic596,300594,267589,821Diluted600,831594,267589,821Total common shares outstanding (000s)594,529596,231590,171BlackBerry LimitedIncorporated under the Laws of Ontario(United States dollars, in millions)Consolidated Balance SheetsAs atMay 31, 2025February 28, 2025AssetsCurrentCash and cash equivalents$276.0$266.7Short-term investments30.671.1Accounts receivable, net of allowance of $6.0 and $6.6, respectively129.9173.7Other receivables51.748.4Income taxes receivable1.71.6Other current assets43.330.0533.2591.5Restricted cash and cash equivalents16.513.6Long-term investments58.858.9Other long-term assets48.076.5Operating lease right-of-use assets, net20.122.0Property, plant and equipment, net12.713.4Intangible assets, net44.247.3Goodwill476.9472.4$1,210.4$1,295.6LiabilitiesCurrentAccounts payable$5.2$31.1Accrued liabilities83.3126.2Income taxes payable28.625.5Deferred revenue, current136.3161.5253.4344.3Deferred revenue, non-current8.85.6Operating lease liabilities26.328.7Other long-term liabilities1.21.8Long-term notes195.6195.3485.3575.7Shareholders' equityCapital stock and additional paid-in capital2,970.52,976.4Deficit(2,232.6)(2,237.3)Accumulated other comprehensive loss(12.8)(19.2)725.1719.9$1,210.4$1,295.6BlackBerry LimitedIncorporated under the Laws of Ontario(United States dollars, in millions)Consolidated Statements of Cash FlowsThree Months EndedMay 31, 2025May 31, 2024Cash flows from operating activitiesNet income (loss)$1.9$(41.4)Adjustments to reconcile net income (loss) to net cash used in operating activities:Amortization5.713.2Stock-based compensation5.77.7Impairment of long-lived assets0.13.5Operating leases(1.6)(2.7)Other(0.7)(2.9)Net changes in working capital itemsAccounts receivable, net of allowance43.851.0Other receivables(3.3)0.7Income taxes receivable(0.1)0.9Other assets17.0(11.6)Accounts payable(25.9)(11.1)Accrued liabilities(41.7)(6.5)Income taxes payable3.10.5Deferred revenue(22.0)(16.4)Net cash used in operating activities(18.0)(15.1)Cash flows from investing activitiesProceeds on sale, maturity or distribution from long-term investments0.1-Acquisition of property, plant and equipment(0.9)(1.4)Proceeds on sale of property, plant and equipment-0.1Acquisition of intangible assets(1.2)(1.5)Acquisition of short-term investments(21.7)(48.9)Proceeds on sale or maturity of short-term investments62.224.5Net cash provided by (used in) investing activities38.5(27.2)Cash flows from financing activitiesIssuance of common shares1.21.5Common shares repurchased(10.0)-Net cash provided by (used in) financing activities(8.8)1.5Effect of foreign exchange gain on cash, cash equivalents, restricted cash, and restricted cash equivalents0.5-Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents during the period12.2(40.8)Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period280.3200.5Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period$292.5$159.7As atMay 31, 2025February 28, 2025Cash and cash equivalents$276.0$266.7Restricted cash and cash equivalents16.513.6Short-term investments30.671.1Long-term investments58.858.9$381.9$410.3Reconciliations of the Company's Segment Results and Segment Adjusted EBITDA to the Consolidated ResultsThe following tables show information by operating segment for the three months ended May 31, 2025 and May 31, 2024. The Company reports segment information in accordance with U.S. GAAP, pursuant to the Financial Standards Accounting Board's Accounting Standard Codification Topic 280, Segment Reporting, based on the "management" approach. The management approach designates the internal reporting used by the Chief Operating Decision Maker ("CODM") for making decisions and assessing performance of the Company's reportable operating segments. The measure of segment profit or loss disclosed by the Company in the Consolidated Financial Statements under the "management" approach in reviewing the results of the Company's operating segments is segment adjusted gross margin. Additionally, the following tables include the additional measures of segment profit or loss used by the CODM which is segment adjusted EBITDA, a non-GAAP financial measure. See Note 11 to the Consolidated Financial Statements for a description of the Company's operating segments.For the Three Months Ended(in millions)QNXSecure CommunicationsLicensingSegment TotalsMay 31,May 31,May 31,May 31,ChangeChangeChangeChange20252024202520242025202420252024Segment revenue$57.5$53.2$4.3$59.5$64.2$(4.7)$4.7$6.0$(1.3)$121.7$123.4$(1.7)Segment cost of sales11.29.51.718.121.8(3.7)1.61.40.230.932.7(1.8)Segment adjusted gross margin$46.3$43.7$2.6$41.4$42.4$(1.0)$3.1$4.6$(1.5)$90.8$90.7$0.1Segment research and development12.416.4(4.0)11.312.3(1.0)---23.728.7(5.0)Segment sales and marketing13.310.72.613.612.21.4---26.922.94.0Segment general and administrative8.68.20.47.59.6(2.1)1.62.1(0.5)17.719.9(2.2)Less amortization included in the above0.70.50.20.61.0(0.4)2.32.20.13.63.7(0.1)Segment adjusted EBITDA$12.7$8.9$3.8$9.6$9.3$0.3$3.8$4.7$(0.9)$26.1$22.9$3.2The following tables reconcile the Company's segment adjusted gross margin results for the three months ended May 31, 2025 to consolidated U.S. GAAP results:For the Three Months Ended May 31, 2025(in millions)QNXSecure CommunicationsLicensingSegment TotalsReconciling ItemsConsolidated U.S. GAAPRevenue$57.5$59.5$4.7$121.7$-$121.7Cost of sales11.218.11.630.90.531.4Gross margin (1)$46.3$41.4$3.1$90.8$(0.5)$90.3Operating expenses88.388.3Investment income, net2.92.9Income before income taxes$4.9For the Three Months Ended May 31, 2024(in millions) (unaudited)QNXSecure CommunicationsLicensingSegment TotalsReconciling ItemsConsolidated U.S. GAAPRevenue$53.2$64.2$6.0$123.4$-$123.4Cost of sales9.521.81.432.70.733.4Gross margin (1)$43.7$42.4$4.6$90.7$(0.7)$90.0Operating expenses102.9102.9Investment income, net4.04.0Loss before income taxes$(8.9)(1) See "Reconciliation of Non-GAAP Measures with the Nearest Comparable U.S. GAAP Measures" for a reconciliation of selected U.S. GAAP-based measures to adjusted measures for the three months ended May 31, 2025 and May 31, 2024.The following table reconciles total segment adjusted EBITDA for the three months ended May 31, 2025 and May 31, 2024 to the Company's consolidated totals:Three Months EndedMay 31, 2025May 31, 2024Total Segment Adjusted EBITDA$26.1$22.9Adjustments (1):Stock compensation expense5.76.2Restructuring charges2.97.3Less:Corporate general and administrative expense9.712.4Amortization5.76.4Impairment of long-lived assets0.13.5Investment income(2.9)(4.0)Consolidated income (loss) from continuing operations before income taxes$4.9$(8.9)(1) The CODM reviews segment information on an adjusted EBITDA basis, which excludes certain amounts as described below:Stock compensation expenses - Equity compensation is a non-cash expense and does not impact the ongoing operating decisions taken by the Company's management.Restructuring charges - Restructuring charges relate to employee termination benefits, facilities, streamlining many of the Company's centralized corporate functions into Secure Communications and QNX specific teams, and other costs pursuant to programs to reduce the Company's annual expenses amongst R&D, infrastructure and other functions and do not reflect expected future operating expenses, are not indicative of the Company's core operating performance, and may not be meaningful when comparing the Company's operating performance against that of prior periods.Reconciliation of Non-GAAP Measures with the Nearest Comparable U.S. GAAP MeasuresIn the Company's internal reports, management evaluates the performance of the Company's business on a non-GAAP basis by excluding the impact of certain items from the Company's U.S. GAAP financial results. The Company believes that these non-GAAP financial measures and non-GAAP ratios provide management, as well as readers of the Company's financial statements, with a consistent basis for comparison across accounting periods and are useful in helping management and readers understand the Company's operating results and underlying operational trends.Readers are cautioned that adjusted gross margin, adjusted gross margin percentage, adjusted operating expense, adjusted corporate operating costs, adjusted corporate operating costs excluding amortization, adjusted net income (loss), adjusted earnings (loss) per share, adjusted research and development expense, adjusted sales and marketing expense, adjusted general and administrative expense, adjusted amortization expense, adjusted operating income (loss), adjusted EBITDA, adjusted segment EBITDA, adjusted operating income (loss) margin percentage, adjusted EBITDA margin percentage and free cash flow (usage) and similar measures do not have any standardized meaning prescribed by U.S. GAAP and are therefore unlikely to be comparable to similarly titled measures reported by other companies.Reconciliation of non-GAAP based measures with most directly comparable U.S. GAAP based measures for the three months ended May 31, 2025 and May 31, 2024A reconciliation of the most directly comparable U.S. GAAP financial measures for the three months ended May 31, 2025 and May 31, 2024 to adjusted financial measures is reflected in the table below:For the Three Months Ended (in millions)May 31, 2025May 31, 2024Gross margin$90.3$90.0Stock compensation expense0.50.7Adjusted gross margin$90.8$90.7Gross margin %74.2%72.9%Stock compensation expense0.4%0.6%Adjusted gross margin %74.6%73.5%Reconciliation of U.S. GAAP operating expense for the three months ended May 31, 2025, and May 31, 2024 to adjusted operating expense is reflected in the table below:For the Three Months Ended (in millions)May 31, 2025May 31, 2024Operating expense$88.3$102.9Restructuring charges2.97.3Stock compensation expense5.25.5Acquired intangibles amortization1.71.8LLA impairment charge0.13.5Adjusted operating expense$78.4$84.8Reconciliation of U.S. GAAP corporate operating costs for the three months ended May 31, 2025 and May 31, 2024 to adjusted corporate operating costs excluding amortization is reflected in the table below:For the Three Months Ended (in millions)May 31, 2025May 31, 2024Corporate operating costs$14.9$25.4Restructuring charges2.97.3Stock compensation expense1.91.3LLA impairment charge-3.5Adjusted corporate operating costs10.113.3Amortization0.40.9Adjusted corporate operating costs excluding amortization$9.7$12.4Reconciliation of U.S. GAAP net income (loss) and U.S. GAAP basic earnings (loss) per share for the three months ended May 31, 2025 and May 31, 2024 to adjusted net income (loss) and adjusted basic earnings (loss) per share is reflected in the table below:For the Three Months Ended (in millions, except per share amounts)May 31, 2025May 31, 2024Basic earningsper shareBasic lossper shareNet income (loss)$1.9$0.00$(41.4)$(0.07)Restructuring charges2.97.3Stock compensation expense5.77.7Acquired intangibles amortization1.78.6LLA impairment charge0.13.5Adjusted net income (loss)$12.3$0.02$(14.3)$(0.02)Reconciliation of U.S. GAAP research and development, sales and marketing, general and administrative, and amortization expense for the three months ended May 31, 2025 and May 31, 2024 to adjusted research and development, sales and marketing, general and administrative, and amortization expense is reflected in the table below:For the Three Months Ended (in millions)May 31, 2025May 31, 2024Research and development$25.0$30.6Stock compensation expense1.31.8Adjusted research and development expense$23.7$28.8Sales and marketing$28.7$23.8Stock compensation expense1.40.8Adjusted sales and marketing expense$27.3$23.0General and administrative$30.5$40.3Restructuring charges2.97.3Stock compensation expense2.52.9Adjusted general and administrative expense$25.1$30.1Amortization$4.0$4.7Acquired intangibles amortization1.71.8Adjusted amortization expense$2.3$2.9Adjusted operating income, adjusted EBITDA, adjusted operating income margin percentage and adjusted EBITDA margin percentage for the three months ended May 31, 2025 and May 31, 2024 are reflected in the table below.For the Three Months Ended (in millions)May 31, 2025May 31, 2024Operating income (loss)$2.0$(12.9)Non-GAAP adjustments to operating income (loss)Restructuring charges2.97.3Stock compensation expense5.76.2Acquired intangibles amortization1.71.8LLA impairment charge0.13.5Total non-GAAP adjustments to operating income (loss)10.418.8Adjusted operating income12.45.9Amortization5.76.4Acquired intangibles amortization(1.7)(1.8)Adjusted EBITDA$16.4$10.5Revenue$121.7$123.4Adjusted operating income margin % (1)10.2%4.8%Adjusted EBITDA margin % (2)13.5%8.5%(1) Adjusted operating income margin % is calculated by dividing adjusted operating income by revenue.(2) Adjusted EBITDA margin % is calculated by dividing adjusted EBITDA by revenue.The Company uses free cash flow (usage) when assessing its sources of liquidity, capital resources, and quality of earnings. The Company believes that free cash flow (usage) is helpful in understanding the Company's capital requirements and provides an additional means to reflect the cash flow trends in the Company's business.Reconciliation of U.S. GAAP net cash used in operating activities for the three months ended May 31, 2025 and May 31, 2024 to free cash flow (usage) is reflected in the table below:For the Three Months Ended (in millions)May 31, 2025May 31, 2024Net cash used in operating activities$(18.0)$(15.1)Acquisition of property, plant and equipment(0.9)(1.4)Free cash usage$(18.9)$(16.5)Key MetricsThe Company regularly monitors a number of financial and operating metrics, including the following key metrics, in order to measure the Company's current performance and estimated future performance. Readers are cautioned that Secure Communications annual recurring revenue ("ARR") and Secure Communications dollar-based net retention rate ("DBNRR") do not have any standardized meaning and are unlikely to be comparable to similarly titled measures reported by other companies.For the Three Months Ended (in millions)May 31, 2025Secure Communications Annual Recurring Revenue$209Secure Communications Dollar-Based Net Retention Rate92%SOURCE: BlackBerry

BlackBerry Reports First Quarter Fiscal Year 2026 Results

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