BlackBerry Limited
In the published model solve dated 2026-Q2, anchored at $8.14, BlackBerry Limited (BB) is priced for today's economics sustained for ~20.5 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• The asset that matters is embedded rather than sold: the FY2026 10-K reports QNX technology in ⟦"more than 275 million vehicles, a year-over-year increase of 20 million and an increase of 100 million since 2020"⟧, with a QNX royalty backlog of roughly $950 million against $865 million a year earlier. • The other half of the company is not compounding the same way, with Secure Communications annual recurring revenue at $218 million against $208 million and a dollar-based net retention rate of 9
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212 institutional managers reported holding BB in 13F filings for the quarter ended 2026-03-31. Together they hold about 44% of the company; the top 10 hold 34%. 29 opened new positions that quarter. Held by Fairfax Financial, Vanguard Group, Jane Street, among others. On the short side, 39.1M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
BB's share count grew 4.1% over the past five years even with $60.70M spent on repurchases. It pays no dividend. Cash returned over the past three years: $60.70M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at BB over the trailing three years: 2024: 1 buy totaling $98k. 7 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
BB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-01 | +6.1% | +1.2% |
| 2023-09-30 | -0.7% | -18.9% |
| 2023-12-22 | -15.1% | -27.9% |
| 2024-04-05 | +2.9% | -5.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
BB's latest 8-K filings: 2026-06-25 (items 5.07); 2026-06-25 (items 2.02, 9.01); 2026-05-08 (items 7.01, 9.01); 2026-04-09 (items 2.02, 9.01); 2025-12-18 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.