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How Blackberry (BB) makes money

Blackberry (BB) made $163M of revenue in the second quarter fiscal 2027 (Q2 FY27), +26% from a year earlier. QNX brought in $80.3M (49%); Secure Communication brought in $60.9M (37%); Licensing brought in $22.1M (14%). Of every dollar of revenue, 78¢ was left as gross profit, 21¢ was left as operating profit, 21¢ was left as net earnings.

Drawing the Sankey…

Blackberry revenue by segment, Q2 FY27Blackberry revenue by segment, Q2 FY27QNX$80.3MSecure Communication$60.9MLicensing$22.1M
Blackberry: revenue by line, Q1 FY26 to Q2 FY27Blackberry: revenue by line, Q1 FY26 to Q2 FY27QNXSecure CommunicationLicensingQNX: $80.3M latest$80.3MSecure Communication: $60.9M latest$60.9MLicensing: $22.1M latest$22.1MQ1 FY26Q2 FY26Q3 FY26Q1 FY27Q2 FY27
Secure Communication went from 49% of revenue in Q1 FY26 to 37% in Q2 FY27, the largest shift in the mix.
Blackberry revenue by quarterBlackberry revenue by quarter$142MQ4 FY25$122MQ1 FY26$130MQ2 FY26$142MQ3 FY26$156MQ4 FY26$153MQ1 FY27$163MQ2 FY27
Blackberry: where each dollar of revenue goesBlackberry: where each dollar of revenue goesCost of revenue22¢Gross profit78¢Operating expenses57¢Operating profit21¢Income tax1¢Net earnings21¢Operating cash flow18¢Free cash flow17¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
QNX$80.3M49.2%+11%+27%
Secure Communication$60.9M37.3%-17%+2%
Licensing$22.1M13.5%+216%+235%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$163M100.0%
Cost of revenue$36.2M22.2%
Gross profit$127M77.8%
Operating expenses$93.5M57.3%
Operating profit$33.6M20.6%
Income tax$1.3M0.8%
Net earnings$33.9M20.8%
Operating cash flow$29.3M17.9%
Free cash flow$28.1M17.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$163M+26%
Q1 FY27$153M+26%
Q4 FY26$156M+10%
Q3 FY26$142M-1%
Q2 FY26$130M+3%
Q1 FY26$122M-1%
Q4 FY25$142M-7%

From Blackberry's 10-Q filed Sep 24, 2026 (on EDGAR).

Questions

How does Blackberry make money?

Blackberry (BB) made $163M of revenue in the second quarter fiscal 2027 (Q2 FY27), +26% from a year earlier. QNX brought in $80.3M (49%); Secure Communication brought in $60.9M (37%); Licensing brought in $22.1M (14%). Of every dollar of revenue, 78¢ was left as gross profit, 21¢ was left as operating profit, 21¢ was left as net earnings.

What is Blackberry's biggest business?

QNX: $80.3M in the second quarter fiscal 2027, 49% of revenue, +27% from a year earlier.

What is Blackberry's profit margin?

Net earnings were $33.9M, 20.8% of revenue, in the second quarter fiscal 2027; the operating margin was 20.6%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.