Filing Flows › Blackberry (BB) › Q1 FY27 › vs Q4 FY26
Blackberry (BB) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Blackberry's revenue fell $3.1M (-2%) from $156M in Q4 FY26 to $153M in Q1 FY27. Gross margin 78.3% against 77.8% (+0.5 pts).
Blackberry, Q1 FY27: revenue $153M (+26% year over year), operating margin 10.0%, net earnings $8.5M, operating cash flow $4.6M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 78.3% | 77.8% | +0.5 pts |
| Operating margin | 10.0% | 14.7% | -4.7 pts |
| Net margin | 5.6% | 15.6% | -10.0 pts |
| Free cash flow margin | 1.1% | 28.8% | -27.7 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $153M | $156M | −$3.1M | -2% |
| Gross profit | $120M | $121M | −$1.7M | -1% |
| Cost of revenue | $33.2M | $34.6M | −$1.4M | -4% |
| Other income, net | $1.1M | $3.0M | −$1.9M | -63% |
| Operating profit | $15.3M | $22.9M | −$7.6M | -33% |
| Operating expenses | $104M | $98.5M | $5.9M | +6% |
| Pre-tax earnings | $16.4M | $25.9M | −$9.5M | -37% |
| Research & development | $33.0M | $33.4M | −$400K | -1% |
| Sales & marketing | $29.5M | $31.6M | −$2.1M | -7% |
| General & admin | $39.3M | $30.7M | $8.6M | +28% |
| Other operating costs | $2.6M | $2.8M | −$200K | -7% |
| Net earnings | $8.5M | $24.3M | −$15.8M | -65% |
| Income tax | $7.9M | $1.6M | $6.3M | +394% |
| Operating cash sources | $19.1M | $33.3M | −$14.2M | -43% |
| Depreciation & amortization | $4.1M | $3.5M | $600K | +17% |
| Share-based compensation | $6.5M | $5.5M | $1.0M | +18% |
| Working capital & other | $14.5M | −$12.8M | $27.3M | — |
| Operating cash flow | $4.6M | $46.1M | −$41.5M | -90% |
| Free cash flow (OCF − capex) | $1.7M | $44.9M | −$43.2M | -96% |
| Capital expenditures | $2.9M | $1.2M | $1.7M | +142% |
Questions
How much did Blackberry's revenue grow quarter over quarter in Q1 FY27?
Blackberry's revenue fell $3.1M (-2%) from $156M in Q4 FY26 to $153M in Q1 FY27. Gross margin 78.3% against 77.8% (+0.5 pts).