Filing Flows › Blackberry (BB) › Q1 FY26
Blackberry (BB) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 25, 2025
Blackberry (BB) reported revenue of $122M for the first quarter fiscal 2026 (Q1 FY26), -1% from a year earlier and -14% from the quarter before. Operating margin was 1.6%, net earnings $1.9M (1.6% of revenue).
Blackberry, Q1 FY26: revenue $122M (-1% year over year), operating margin 1.6%, net earnings $1.9M, operating cash flow −$18.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $122M | -14% | -1% |
| Gross profit | $90.3M | -13% | +0.3% |
| Operating profit | $2.0M | — | — |
| Net earnings | $1.9M | — | — |
| Operating cash flow | −$18.0M | -143% | — |
What changed
Revenue was $121.7M in Q1 FY26, down 1% year over year and down 14% from the previous quarter. Secure Communication was the largest line at 49% of revenue. Secure Communication lost $4.7M year over year (down 7%), 276% of the total change.
Gross margin was 74.2%, up 1.3 points from a year earlier. Operating profit was $2.0M, a 1.6% margin (up 12.1 points year over year). Operating expenses fell 14% while revenue fell 1%. The fastest-growing cost line was Sales & marketing (+21%). Net earnings were $1.9M. The effective tax rate was 61.2%. Non-operating items added $2.9M, 59% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$18.0M. Non-cash charges added back $5.7M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $31.3M. Capital expenditures of $900K exceeded it, leaving free cash flow of −$18.9M.
Questions
What was Blackberry's revenue in the first quarter fiscal 2026?
Blackberry (BB) reported revenue of $122M for the first quarter fiscal 2026 (Q1 FY26), -1% from a year earlier and -14% from the quarter before.
Was Blackberry profitable in the first quarter fiscal 2026?
Operating profit was $2.0M (1.6% of revenue) and net earnings $1.9M.
Source: Blackberry 10-Q on SEC EDGAR.