BlackBerry Limited (BB)财务
NYSE · Technology · Software - Infrastructure · 员工1,749人 · CEO John Joseph Giamatteo
- 股价
- $8.42 -8.38%
- 市值
- $49.4亿
- 企业价值
- $49亿
- 最近财报
- Q2 '27 2026-09-24提交
- 下次财报
- 2026-12-17 EPS预期 $0.05
营收(TTM)$6.14亿+14.0% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)13.8%+8.8 百分点 对比去年同期营业利润 $8470万
净利润(TTM)$8040万+3,595.7% 对比去年同期税后,含营业外收益
自由现金流(TTM)$9270万+273.8% 对比去年同期资本支出 $621万
稀释EPS(TTM)$0.13+2,695.9% 对比去年同期最近4个季度之和
净现金$1.57亿+177.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $49.4亿 EV $49亿
- 营收
- $6.14亿 过去12个月
- 营收增速
- +15% FY2027年一致预期
- 净利润率
- 13.1% 净利润 / 营收,TTM
- P/E
- 61.2× 预期 39.9×(FY2027)
- P/S
- 8.1× 股价 / 营收,TTM
- EV / EBITDA
- 41.2× TTM
- 自由现金流
- $9270万 过去12个月
- 净利润
- $8040万 过去12个月
- 营收预期
- $6.32亿 FY2027年一致预期
- 盈利
- 2026-12-17 营收预期 $1.5亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-09-24):营收超预期13.2%,EPS 超预期75.0%营收$1.63亿,预期$1.44亿(+13.2%);EPS $0.07,预期$0.04(+75.0%)。
- 营收增长加速:同比26.0%Q2 '27营收$1.63亿,此前四个季度的平均值为8.9%。
- 营业利润率13.8%(TTM),较去年同期+8.8 百分点营收增长14.0%,营业利润增长216.0%。
- 资本支出占营收的1.0%(去年为1.6%)最近4个季度投入$621万(同比-28.6%)。自由现金流$9270万,相当于净利润的115.3%。
- 股东回报$4110万 = 自由现金流的44.3%回购$4110万(去年为$3000万),股息$0,股权激励$2560万(TTM)。
- 稀释股数一年内增加8.5%Q2 '27稀释股数6.5亿,一年前为5.99亿。
- 净现金 $1.57亿现金 + 短期投资 $3.78亿,含租赁债务 $2.21亿;一年前净现金 $5650万。
上一季度:Q2 '27
截至2026-08-31的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '27 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $1.63亿 | $1.3亿 | +26.0% |
| 毛利率 | 77.8% | 74.5% | +3.3 百分点 |
| 营业利润 | $3360万 | $1150万 | +192.2% |
| 营业利润率 | 20.6% | 8.9% | +11.7 百分点 |
| 净利润 | $3390万 | $1330万 | +154.9% |
| 稀释EPS | $0.05 | $0.02 | +125.2% |
| 经营现金流 | $2930万 | $390万 | +651.3% |
| 资本支出 | $120万 | $220万 | -45.5% |
| 自由现金流 | $2810万 | $170万 | +1,552.9% |
| R&D | $3320万 | $2560万 | +29.7% |
| 股权激励费用 | $750万 | $590万 | +27.1% |
实际 vs 一致预期
2026-09-24| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $1.63亿 | $1.44亿 | +13.2% |
| EPS(一致预期口径) | $0.07 | $0.04 | +75.0% |
来自2026-09-24发布的Q2 '27财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '27 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Secure Communication | $6090万 | +1.7% | 37.3% | $2.74亿 | +24.5% | |
| QNX | $8030万 | +27.3% | 49.2% | $3亿 | – | |
| Licensing and Other | $2210万 | +234.8% | 13.5% | $4000万 | +39.9% |
按地区划分的营收
占总额比例| 分部 | Q2 '27 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| North America | $7260万 | +16.5% | 44.5% | $2.75亿 | +20.0% | |
| EMEA | $5830万 | +46.1% | 35.7% | $2.14亿 | +21.0% | |
| Other Regions | $3240万 | +18.2% | 19.8% | $1.25亿 | +37.2% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $9890万
- 资本支出
- -$621万
- 股票回购
- -$4110万
- 股息
- $0
- 收购
- $3870万
- 债务净发行
- $0
- 股权激励费用
- $2560万
- 自由现金流
- $9270万
- 股东回报 / FCF
- 44.3%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 61.2× | 182.4× 5年中的2年 | 37.7× – 327.1× |
| EV / EBITDA | 41.2× | 29.4× 5年中的3年 | 18.1× – 46.6× |
| EV / 营收 | 8.0× | 4.3× | 2.2× – 5.8× |
| 股价 / FCF | 53.3× | 238.9× 5年中的2年 | 42.5× – 435.3× |
| 股价 / 净资产 | 6.2× | 2.8× | 2.1× – 3.9× |
| FCF收益率 | 1.9% | -2.8% | -13.5% – 2.4% |
| 投入资本回报率 | 7.2% | -3.4% | -15.4% – 4.7% |
| 净资产收益率 | 10.6% | -21.1% | -85.7% – 7.1% |
分析师
一致目标价 $10.43 (+23.9%)
区间 $8.00 – $13.00 · 评级 Hold
强烈买入0
买入2
持有12
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $6.32亿 | +15.1% | $0.21 | +134.3% | 39.9× | 3 |
| FY2028 | $6.91亿 | +9.4% | $0.24 | +13.0% | 35.3× | 4 |
| FY2029 | $7.35亿 | +6.3% | $0.29 | +21.2% | 29.1× | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
BlackBerry Limited在近期10-Q / 10-K文件中标记的全部241项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| – | – | – | $0 | – | – | |
| – | – | – | $2210万 | – | – | |
| – | – | – | -$30万 | – | – | |
| – | – | – | $70万 | – | – | |
| Accounts Payable, Current | $860万 | $400万 | +115.0% | $550万 | $3110万 | -82.3% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.41亿 | $1.25亿 | +12.8% | $1.56亿 | $1.74亿 | -10.2% |
| Accounts Receivable, after Allowance for Credit Loss, Noncurrent | $6750万 | $4170万 | +61.9% | $4660万 | $6630万 | -29.7% |
| Accounts Receivable, Allowance for Credit Loss | $350万 | $540万 | -35.2% | $340万 | $660万 | -48.5% |
| Accounts Receivable, Allowance for Credit Loss, Current | $130万 | – | – | $340万 | $660万 | -48.5% |
| Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease) | $0 | -$20万 | +100.0% | -$240万 | $530万 | -145.3% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | $30万2026-02-28 | – | – | $80万 | $470万 | -83.0% |
| Accrued Bonuses | $2030万 | $1680万 | +20.8% | $3650万 | $3140万 | +16.2% |
| Accrued Liabilities, Current | $1.02亿 | $8390万 | +21.0% | $1.12亿 | $1.26亿 | -11.5% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $8720万 | $8420万 | +3.6% | $8590万 | $8450万 | +1.7% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$1330万 | -$1200万 | -10.8% | -$1120万 | -$1920万 | +41.7% |
| Advertising Expense | – | – | – | $1200万 | $1680万 | -28.6% |
| Amortization of Intangible Assets | $240万 | $340万 | -29.4% | $1240万 | $1670万 | -25.7% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $750万 | $590万 | +27.1% | $2310万 | $2560万 | -9.8% |
| Assets | $12.6亿 | $11.8亿 | +6.7% | $12.5亿 | $13亿 | -3.9% |
| Assets, Current | $5.62亿 | $5.07亿 | +10.8% | $5.68亿 | $5.92亿 | -3.9% |
| Capital Expenditures Incurred but Not yet Paid | $20万 | $0 | – | – | – | – |
| Cash and Cash Equivalents, at Carrying Value | $2.66亿 | $2.76亿 | -3.7% | $2.75亿 | $2.67亿 | +3.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $2.8亿 | $2.91亿 | -3.5% | $2.89亿 | $2.8亿 | +3.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $930万 | -$190万 | +589.5% | $860万 | $7980万 | -89.2% |
| Common Stock, Shares, Issued | 5.87亿 | 5.9亿 | -0.6% | 5.87亿 | 5.96亿 | -1.5% |
| Common Stock, Shares, Outstanding | 5.87亿 | 5.9亿 | -0.6% | 5.87亿 | 5.96亿 | -1.5% |
| Common Stock, Value, Issued | $29.3亿 | $29.5亿 | -0.8% | $29.2亿 | $29.8亿 | -1.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $3340万 | $1410万 | +136.9% | $6120万 | -$8390万 | +172.9% |
| Contract with Customer, Performance Obligation Satisfied in Previous Period | $230万 | $0 | – | $230万 | $240万 | -4.2% |
| Conversion of Stock, Shares Converted | – | – | – | 5150万 | 5150万 | 0.0% |
| Cost of Revenue | $3620万 | $3300万 | +9.7% | $1.31亿 | $1.4亿 | -6.5% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$20万 | -$40万 | +50.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $600万 | $1740万 | -65.5% |
| Debt Conversion, Converted Instrument, Amount | $0 | $0 | – | $1000 | $1000 | 0.0% |
| Debt Securities, Available-for-sale | $2.06亿2026-02-28 | $1.28亿 | +60.9% | $2.06亿 | $1.28亿 | +60.9% |
| Debt Securities, Available-for-sale, Amortized Cost | $2.06亿2026-02-28 | $1.38亿 | +49.2% | $2.06亿 | $1.38亿 | +49.2% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $2.8亿 | $1.52亿 | +84.0% | $2.06亿 | $1.28亿 | +60.9% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $0 | $0 | – | – | – | – |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $02026-02-28 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $2.8亿 | $1.52亿 | +84.0% | $2.06亿 | $1.28亿 | +60.9% |
| Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost | $02026-02-28 | $1000万 | -100.0% | $0 | $1000万 | -100.0% |
| Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | $02026-02-28 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | $0 | $0 | – | $0 | $0 | – |
| Deferred Revenue, Current | $1.17亿 | $1.29亿 | -9.3% | $1.39亿 | $1.62亿 | -14.2% |
| Deferred Revenue, Noncurrent | $1180万 | $670万 | +76.1% | $1410万 | $560万 | +151.8% |
| Deferred Tax Assets, Gross | $15.1亿2026-02-28 | $15.2亿 | -0.3% | $15.1亿 | $15.2亿 | -0.3% |
| Deferred Tax Assets, Net of Valuation Allowance | $02026-02-28 | $60万 | -100.0% | $0 | $60万 | -100.0% |
| Deferred Tax Assets, Operating Loss Carryforwards | $5亿2026-02-28 | $4.75亿 | +5.2% | $5亿 | $4.75亿 | +5.2% |
| Deferred Tax Assets, Other Tax Carryforwards | $1.33亿2026-02-28 | $1.41亿 | -5.6% | $1.33亿 | $1.41亿 | -5.6% |
| Deferred Tax Assets, Property, Plant and Equipment | $2.67亿2026-02-28 | $2.63亿 | +1.5% | $2.67亿 | $2.63亿 | +1.5% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $1950万2026-02-28 | $2130万 | -8.5% | $1950万 | $2130万 | -8.5% |
| Deferred Tax Assets, Valuation Allowance | $15.1亿 | – | – | $15.1亿 | $15.2亿 | -0.3% |
| Deferred Tax Liabilities, Gross | $02026-02-28 | $60万 | -100.0% | $0 | $60万 | -100.0% |
| Deferred Tax Liabilities, Net | $02026-02-28 | $0 | – | $0 | $0 | – |
| Deferred Tax Liabilities, Property, Plant and Equipment | $02026-02-28 | $60万 | -100.0% | $0 | $60万 | -100.0% |
| Depreciation | – | – | – | $540万 | $760万 | -28.9% |
| Depreciation, Depletion and Amortization | $410万 | $460万 | -10.9% | $1780万 | $4470万 | -60.2% |
| Depreciation, Depletion and Amortization, Nonproduction | $250万 | $310万 | -19.4% | $1140万 | $1770万 | -35.6% |
| Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax | – | – | – | $0 | $1040万 | -100.0% |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | – | – | – | $0 | $1020万 | -100.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-08-31, 10-Q 2026-05-31, 10-K 2026-02-28, 10-Q 2025-11-30, 10-Q 2025-08-31, 10-Q 2025-05-31, 10-K 2025-02-28, 10-Q 2024-11-30, 10-Q 2024-08-31
数据截至 2026-11-02