$BB

BLACKBERRY Ltd

CIK:0001070235|SEC Filings

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 31, 2026	Aug. 31, 2025	Aug. 31, 2026	Aug. 31, 2025
Revenue
Revenues	$ 163.3	$ 129.6	$ 316.2	$ 251.3
Cost of sales
Cost of sales	36.2	33.0	69.4	64.4
Gross margin	127.1	96.6	246.8	186.9
Operating expenses
Research and development	33.2	25.6	66.2	50.6
Selling and Marketing Expense	25.3	24.4	54.8	53.1
General and Administrative Expense	31.8	31.5	71.1	62.0
Amortization	2.5	3.1	5.0	7.1
Impairment of long-lived assets (note 2)	0.7	0.5	0.8	0.6
Total operating expenses	93.5	85.1	197.9	173.4
Operating income	33.6	11.5	48.9	13.5
Investment income, net (note 2 and note 5)	1.6	1.9	2.7	4.8
Income before income tax	35.2	13.4	51.6	18.3
Provision for income taxes (note 4)	1.3	0.1	9.2	3.1
Income from Continuing Operations, Net of Tax, Attributable to Parent	33.9	13.3	42.4	15.2
Net income	$ 33.9	$ 13.3	$ 42.4	$ 15.2
Earnings per share (note 7)
Income from Continuing Operations, Per Basic Share	$ 0.06	$ 0.02	$ 0.07	$ 0.03
Income from Continuing Operations, Per Diluted Share	$ 0.05	$ 0.02	$ 0.07	$ 0.03

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Aug. 31, 2026	Aug. 31, 2025
Cash flows from operating activities
Net income	$ 42.4	$ 15.2
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Amortization	8.2	10.3
Stock-based compensation	14.0	11.6
Impairment of long-lived assets total (note 3)	0.8	0.6
Non-cash consideration received from contracts with customers	(6.7)	0.0
Operating leases	(0.8)	(5.7)
Other	2.4	(0.3)
Net changes in working capital items
Accounts receivable, net of allowance	15.0	48.7
Other receivables	5.3	(0.3)
Income taxes receivable	0.2	(1.0)
Other assets	(13.1)	16.0
Accounts payable	3.8	(27.1)
Accrued liabilities	(10.8)	(38.5)
Income taxes payable	(2.6)	(11.7)
Deferred revenue	(24.2)	(31.9)
Net cash provided by (used in) operating activities	33.9	(14.1)
Cash flows from investing activities
Proceeds on sale, maturity or distribution from long-term investments	0.0	0.1
Acquisition of property, plant and equipment	(4.1)	(1.7)
Acquisition of intangible assets	(3.0)	(2.6)
Payments to Acquire Short-Term Investments	(174.9)	(34.7)
Proceeds on sale or maturity of short-term investments	148.8	91.7
Net cash provided by (used in) investing activities	(33.2)	52.8
Cash flows from financing activities
Issuance of common shares	1.3	1.2
Common shares repurchased (note 6)	(10.0)	(30.0)
Net cash used in financing activities	(8.7)	(28.8)
Effect of foreign exchange gain (loss) on cash, cash equivalents, and restricted cash equivalents	(0.6)	0.4
Net increase (decrease) in cash, cash equivalents, and restricted cash equivalents during the period	(8.6)	10.3
Cash, cash equivalents, and restricted cash equivalents, beginning of period	288.9	280.3
Cash, cash equivalents, and restricted cash equivalents, end of period	$ 280.3	$ 290.6

Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 31, 2026	Feb. 28, 2026
Current
Cash and cash equivalents (note 2)	$ 266.2	$ 274.7
Short-term Investments	111.3	85.2
Accounts Receivable, after Allowance for Credit Loss, Current	141.0	156.0
Other receivables (note 3)	4.5	7.5
Income taxes receivable	2.4	2.6
Other current assets (note 3)	36.5	42.2
Assets, Current, Total	561.9	568.2
Restricted cash equivalents (note 2)	14.1	14.2
Long-term investments (note 2)	55.5	58.3
Other long-term assets (note 3)	73.8	56.3
Operating lease right-of-use assets, net	22.6	16.7
Property, plant and equipment, net (note 3)	12.2	12.3
Intangible assets, net (note 3)	44.9	40.1
Goodwill (note 3)	478.0	479.1
Assets	1,263.0	1,245.2
Current
Accounts payable	8.6	5.5
Accrued liabilities (note 3)	101.5	111.7
Income taxes payable (note 4)	9.8	12.4
Deferred revenue, current (note 10)	116.6	138.5
Total current liabilities	236.5	268.1
Deferred revenue, non-current (note 10)	11.8	14.1
Operating lease liabilities	23.9	18.8
Other long-term liabilities	2.1	1.7
Long-Term Notes	197.1	196.5
Total liabilities	471.4	499.2
Capital stock and additional paid-in capital
Preferred shares: authorized unlimited number of non-voting, cumulative, redeemable and retractable	0.0	0.0
Common shares: authorized unlimited number of non-voting, redeemable, retractable Class A common shares and unlimited number of voting common shares Issued - 587,032,279 voting common shares (February 28, 2026 - 587,431,120)	2,926.8	2,924.4
Deficit	(2,121.9)	(2,167.2)
Accumulated other comprehensive loss (note 8)	(13.3)	(11.2)
Total shareholders' equity	791.6	746.0
Total liabilities and shareholders' equity	$ 1,263.0	$ 1,245.2
Common outstanding (in shares)	587,032,279	587,431,120
Issued and outstanding - 587,032,279 voting common shares (February 28, 2026 - 587,431,120)	587,032,279	587,431,120