earnings
confidence high
sentiment positive
materiality 0.70
BlackBerry Q2 FY25 beats: breakeven adjusted EBITDA; IoT & Cyber revenue up 12% and 10% YoY
BLACKBERRY Ltd
2025-Q2 EPS reported
-$0.10
revenue$289,000,000
- Total revenue $145M; GAAP net loss improved 55% YoY to $19M ($0.03 loss per share).
- IoT revenue $55M (+12% YoY; 82% gross margin); Cybersecurity $87M (+10% YoY; 55% gross margin).
- Adjusted EBITDA breakeven; non-GAAP EPS breakeven; operating cash usage improved $43M YoY to $13M.
- Cybersecurity ARR flat at $279M; DBNRR up 7pp YoY to 88%.
- Raised low end of FY25 IoT revenue guidance to $225-235M; Q3 total revenue guided $146-154M.