BlackBerry Q1 2025 Earnings Report
Key Takeaways
BlackBerry's Q1 2025 results show progress towards profitability and operational independence for its IoT and Cybersecurity businesses. The company exceeded revenue guidance for both IoT and Cybersecurity divisions and achieved sequential improvement in free cash usage. BlackBerry remains on track to be profitable on a non-GAAP basis and generating positive cashflow in the fourth quarter.
Exceeded quarterly revenue guidance for both IoT and Cybersecurity divisions
IoT achieves 18% year over year revenue growth in the quarter
Delivers sequential improvement in key Cybersecurity ARR and DBNRR metrics
Exceeds guidance for adjusted EBITDA and non-GAAP earnings per share
BlackBerry
BlackBerry
Forward Guidance
BlackBerry is providing the following guidance for the second quarter (ending August 31, 2024) and the full fiscal year 2025 (ending February 28, 2025).