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Nov 30, 2024
BlackBerry Q3 2025 Earnings Report
BlackBerry's Q3 2025 performance reflected strong revenue in Cybersecurity and IoT divisions, improved profitability, and positive cash flow.
Key Takeaways
BlackBerry reported strong Q3 2025 results, driven by revenue beats in both Cybersecurity and IoT divisions. The company achieved positive adjusted EBITDA and EPS, with GAAP EPS improving both sequentially and year-over-year. A definitive agreement for the sale of Cylance to Arctic Wolf was announced.
Revenue exceeded top end of guidance for both Cybersecurity and IoT.
Adjusted EBITDA and adjusted EPS surpassed guidance.
GAAP basic EPS improved both sequentially and year-over-year.
Positive operating and free cash flow achieved ahead of schedule.
Revenue by Segment
Forward Guidance
BlackBerry provided revenue and EBITDA guidance for Q4 FY25 and full fiscal year 2025, excluding Cylance business.
Positive Outlook
- Total BlackBerry revenue: $126 – $135 million
- IoT revenue: $60 – $65 million
- Secure Communications revenue: $62 – $66 million
- Licensing revenue: Approximately $4 million
- Total Company adjusted EBITDA: $10 – $20 million
Challenges Ahead
- Non-GAAP basic EPS: ($0.01) – +$0.01
- IoT segment EBITDA: $8 - $10 million
- Secure Communications segment EBITDA: $4 - $6 million
- Licensing segment EBITDA: Approximately $3 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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