TacticScaleWhat BlackBerry Does & How It Makes Money (BB)
Updated October 2026 · reflects BlackBerry's latest reported financials
Canadian security software company for enterprises, governments, and embedded systems. BlackBerry sells enterprise security and communications software and services to businesses and governments, along with enterprise and engineering consulting.
How BlackBerry makes money
BlackBerry sells enterprise security and communications software and services to businesses and governments, along with enterprise and engineering consulting. It also earns money by licensing its patents and technology through its Licensing segment.
What BlackBerry does
BlackBerry Limited, formerly Research In Motion, was founded in 1984 in Waterloo, Canada. The company that made the BlackBerry phone now sells software. It serves enterprises and governments worldwide through three segments: Secure Communications, QNX, and Licensing. Its products include unified endpoint management, the BlackBerry Dynamics secure app container, Workspaces file sharing, and BBM Enterprise and SecuSUITE for encrypted messaging and voice calls. Beyond secure communications, BlackBerry offers AtHoc for critical event management, Certicom's patented elliptic curve cryptography for device security and anti-counterfeiting, and Radar for asset tracking in transportation and logistics. It also sells engineering and enterprise consulting and licenses its patents. Together these make it a company focused on trust and security for connected devices and organizations.
Products & services
- BlackBerry UEM
- BlackBerry Dynamics
- BlackBerry AtHoc
- BlackBerry SecuSUITE
- BlackBerry Certicom
- BlackBerry Radar
What is BlackBerry worth?
On an owner-earnings DCF, BlackBerry's most-likely value is about $2 versus a recent price near $9 (73% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$1) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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