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A Canadian tech company best known for the QNX software that runs inside cars, medical devices, and industrial robots — powering the digital dashboards of vehicles from top automakers. Born in 1984 as Research In Motion (RIM) above a Waterloo pizza shop, it became famous for its physical-keyboard smartphones, then pivoted to secure communications and patent licensing. The "BlackBerry" name was coined by a branding agency in 1998 because the device's tiny QWERTY keys resembled the seeds of a blackberry.
BlackBerry Q1 FY2027 revenue rose 26% to $152.9M with net income of $8.5M
Both and grew together for the first time in several quarters. rose 26% to $152.9M and improved to 78.3% as higher-margin software licenses lifted the mix, with of $8.5M versus a year-ago loss. The company raised full-year and sits with both segments profitable at the level.
Key takeaways
grew 26% to $72.3M on higher development license and royalty revenue, and its rose to $19.3M.
increased 24% to $73.6M primarily from product revenue, with reaching $20.2M.
Licensing rose 49% to $7.0M due to more IP licensing arrangements, and its improved to $6.2M.
Section summaries
Management's Discussion and Analysis
Total revenue rose 26% to $152.9M, driven by QNX and Secure Communications, with net income of $8.5M.
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grew 26% to $72.3M, driven by higher development license and royalty revenue, and the rose to $19.3M.
Consolidated percentage improved to 78.3% from 74.2% a year earlier, reflecting a favorable mix shift toward higher-margin and SecuSUITE software licenses.
Operating expenses increased 18% to $104.4M, largely from an $11.5M rise in costs and the non-recurrence of prior-year SIF claims benefits.
The company raised its full-year outlook to $594M–$621M and to $119M–$139M, citing stronger Q1 performance and improved licensing pipeline.
What changed
Prior filings flagged progression against FY2027 of $584M–$611M total : Q1 QNX of $72.3M starts the year toward that split.
had declined in each of the prior three quarters (Q2 -7%, Q3 -10%, Q4 FY26 -$13.7M); Q1 reversed that with a 24% increase to $73.6M.
Cash and investments was not stated this quarter but total cash fell 6.5% to $256.8M from $274.7M a year earlier, against the $196.5M 3.00% convertible senior notes due 2029 flagged in the FY2026 10-K.
FY2026 10-K guided FY2027 of $110M–$130M and of $0.15–$0.19; this filing raised the range to $119M–$139M.
Prior quarters showed and moving in opposite directions; Q1 is the first simultaneous growth in the recent record.
What to watch
next quarter against the raised $594M–$621M full-year as royalty and development seat revenue normalize.
Whether sustains the 24% Q1 increase or reverts to the prior three-quarter decline pattern.
Cash and equivalents position next quarter after the 6.5% decline to $256.8M, against the $196.5M notes due 2029.
Delivery of full-year within the raised $119M–$139M outlook.
increased 24% to $73.6M, primarily from product revenue, with reaching $20.2M.
rose 49% to $7.0M due to more IP licensing arrangements, and improved to $6.2M.
Consolidated percentage improved to 78.3% from 74.2%, reflecting a favorable mix shift toward higher-margin and SecuSUITE software licenses.
Operating expenses increased 18% to $104.4M, largely due to an $11.5M rise in deferred share unit costs and the non-recurrence of prior-year SIF claims benefits.
The company raised its full-year outlook to $594M–$621M and to $119M–$139M, citing stronger Q1 performance and improved pipeline.
Quantitative and Qualitative Disclosures About Market Risk
The Company faces foreign exchange, interest rate, credit, and equity investment risks, managed via hedging and monitoring.
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Foreign exchange risk arises from and expenses in Canadian dollars, euros, and British pounds, with 15% of cash, 38% of , and 66% of in foreign currencies at May 31, 2026.
The Company uses currency forward contracts and options to hedge FX exposure, and a 10% uniform shift in rates against the U.S. dollar would have an immaterial impact after hedging.
Interest rate risk stems from fixed-rate investments, significant financing components in customer contracts, and outstanding fixed-rate Notes, with no interest rate derivatives currently used.
Credit risk is managed via an of $3.6 million, with two customers over 10% of and one customer at 13% of ; past-due receivables rose 3.1% from the prior quarter.
Non-marketable equity investments in private companies are recorded using the , with high concentration risk and fair value subject to observable price changes and impairments.