BlackBerry Q1 beats revenue guidance; IoT +18% YoY; Cybersecurity ARR up seq

BLACKBERRY Ltd

2025-Q1 EPS reported -$0.07 revenue$144,000,000

Total revenue $144M; IoT $53M (+18% YoY), Cybersecurity $85M; both exceeded guidance.
Non-GAAP operating loss $12M; GAAP loss $0.07 EPS; Adjusted EBITDA -$7M.
Cybersecurity ARR $285M (+2% sequentially); DBNRR 87% (up for 3rd straight quarter).
FY2025 guidance: revenue $586-616M; IoT $220-235M; Cybersecurity $350-365M.
CEO: On track for non-GAAP profitability and positive cash flow in Q4 FY2025.

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