Blackberry Ltd. (BB) intrinsic value & 10-year financials
Blackberry Ltd. (BB) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 6.4% a year to $549.1M, with an average return on invested capital of -15.6%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $8.06
- Market cap
- $4.8B
- Revenue (FY2026)
- $549.1M
- Revenue growth (10-yr CAGR)
- -6.4%
- ROIC (10-yr avg)
- -15.6%
- Free cash flow (FY2026)
- $46.5M
BB 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $549.1M | $53.2M | $0.09 | $46.5M | 8.8% | 6.4% |
| FY2025 | $534.9M | -$79.0M | -$0.13 | $13.4M | 0.1% | 0.1% |
| FY2024 | $853.0M | -$130.0M | -$0.22 | -$10.0M | -14.7% | -17.3% |
| FY2023 | $656.0M | -$734.0M | -$1.35 | -$270.0M | -110.5% | -78.0% |
| FY2022 | $718.0M | $12.0M | -$0.31 | -$36.0M | -0.3% | -0.1% |
| FY2021 | $893.0M | -$1.1B | -$1.97 | $74.0M | -124.0% | -60.1% |
| FY2020 | $1.0B | -$152.0M | -$0.32 | $14.0M | -14.3% | -6.8% |
| FY2019 | $904.0M | $93.0M | $0.00 | $83.0M | 6.6% | 2.9% |
| FY2018 | $932.0M | $405.0M | $0.74 | $689.0M | 30.4% | 12.4% |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BLACKBERRY Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
BLACKBERRY Ltd has historically struggled to out-earn its cost of capital, averaging just -15.6% ROIC.
BLACKBERRY Ltd capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BLACKBERRY Ltd is modeled at -23.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-2.94 per share.