Business
BlackBerry Reports Fourth Quarter and Full Fiscal Year 2025 Results
Beats expectations for revenue for all three divisions: QNX, Secure Communications and Licensing;...
About this update from Blackberry Limited
[{"type":"text","content":"BlackBerry Reports Fourth Quarter and Full Fiscal Year 2025 ResultsBeats expectations for revenue for all three divisions: QNX, Secure Communications and Licensing; Surpasses the top-end of Q4 and full year guidance range for total Company revenueBeats expectations for profitability, with both adjusted EBITDA and adjusted EPS exceeding the high end of guidance range; GAAP basic EPS improves both sequentially and year-over-year Beats expectations for operating cash flow with significant sequential and year-over-year improvements WATERLOO, ON / ACCESS Newswire / April 2, 2025 / BlackBerry Limited (NYSE:BB)(TSX:BB) today reported financial results for the three months and fiscal year ended February 28, 2025 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).\"BlackBerry closed out this transformational fiscal year with another quarter of strong financial performance from all three divisions: QNX, Secure Communications and Licensing. We also took a big step forward by completing the sale of the Cylance business to Arctic Wolf, a win-win for all parties, and significantly strengthening our balance sheet in the process.\" said John J. Giamatteo, CEO, BlackBerry. \"We started the year with a goal to deliver profitability and positive cash flow, and we're pleased we delivered across the board. BlackBerry goes into the new fiscal year in a strong financial position, with a solid balance sheet that provides optionality for driving shareholder value.\"Fourth Quarter Fiscal 2025 Financial HighlightsTotal company revenue was $141.7 million.Total company adjusted gross margin was 74% and GAAP gross margin was 73%.Total company adjusted EBITDA exceeded previously-provided guidance at $21.1 million.QNX revenue grew 6% sequentially and was flat year over year, exceeding the guidance range at $65.8 million; QNX gross margin decreased by 3 percentage points sequentially and 2 percentage points year-over-year to 83%.QNX adjusted EBITDA beat expectations at $19.2 million, or a 29% margin.QNX royalty backlog increased from approximately $815 million in the prior year to approximately $865 million.Secure Communications revenue exceeded previously-provided guidance at $67.3 million; Secure Communications gross margin decreased sequentially due to product mix to 64%.Secure Communications ARR decreased by 3% sequentially, and i...