BlackBerry sells cybersecurity software, device management, and IoT operating systems to governments and enterprises—think of it as the security plumbing for organizations that can't afford breaches.
USD 0.56B revenue (2026) split across Cybersecurity, IoT, and patent licensing. Gross margin 74%, net margin 10%—high-margin software business with recurring subscriptions offsetting one-time licensing fees.
Entrenched in government and defense via SecuSUITE and BBM Enterprise (switching costs are real); 38,000 patents create licensing moat. But eroding: CrowdStrike, Microsoft Defender, and Palo Alto Networks dominate enterprise cybersecurity; revenue fell from US
Five-factor rating
Strong Buy (sector percentile 97) — value C, growth A-, profitability B, momentum A, revisions A. Updated daily, sector-relative, identical for every user.
