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BlackBerry Limited

At today's price, BlackBerry Limited (BB) is priced for today's economics sustained for ~26.4 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.

Live priced in
today's economics sustained for ~26.4 years
Priced In
elevated

Key Takeaways

• BlackBerry is no longer a phone maker; it is an embedded-software and cybersecurity company whose crown jewel is QNX, the operating system running in cars and machines, which grew quarterly revenue 20% to a record $78.7 million and carries a royalty backlog of $950 million [Source: BlackBerry Q4 FY2026 results]. • The biggest risk is the price relative to current profit: the company only recently returned to modest profitability, yet the stock trades at roughly 107 times operating income, a mu

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Institutional ownership

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.

Capital returns

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.

Insider activity

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.

Earnings reactions

BB's recent reports: the day-one move, then what the following quarter actually did.

reportday onenext 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.

Recent filings

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. Nothing here is investment advice.

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Last analyzed: June 27, 2026

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.