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BlackBerry (TSX:BB) Gross Profit

: C$705 Mil (TTM As of Feb. 2024)
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BlackBerry's gross profit for the three months ended in Feb. 2024 was C$174 Mil. BlackBerry's gross profit for the trailing twelve months (TTM) ended in Feb. 2024 was C$705 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. BlackBerry's gross profit for the three months ended in Feb. 2024 was C$174 Mil. BlackBerry's Revenue for the three months ended in Feb. 2024 was C$234 Mil. Therefore, BlackBerry's Gross Margin % for the quarter that ended in Feb. 2024 was 74.57%.

BlackBerry had a gross margin of 74.57% for the quarter that ended in Feb. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of BlackBerry was 77.21%. The lowest was 43.56%. And the median was 64.46%.

Warning Sign:

BlackBerry Ltd gross margin has been in long-term decline. The average rate of decline per year is -4.7%.


BlackBerry Gross Profit Historical Data

The historical data trend for BlackBerry's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BlackBerry Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Gross Profit
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,013.72 816.35 593.60 563.72 702.00

BlackBerry Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 134.54 241.95 114.56 174.08 174.15

Competitive Comparison

For the Software - Infrastructure subindustry, BlackBerry's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BlackBerry Gross Profit Distribution

For the Software industry and Technology sector, BlackBerry's Gross Profit distribution charts can be found below:

* The bar in red indicates where BlackBerry's Gross Profit falls into.



BlackBerry Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

BlackBerry's Gross Profit for the fiscal year that ended in Feb. 2024 is calculated as

Gross Profit (A: Feb. 2024 )=Revenue - Cost of Goods Sold
=1151.55 - 449.55
=702

BlackBerry's Gross Profit for the quarter that ended in Feb. 2024 is calculated as

Gross Profit (Q: Feb. 2024 )=Revenue - Cost of Goods Sold
=233.55 - 59.4
=174

Gross Profit for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$705 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

BlackBerry's Gross Margin % for the quarter that ended in Feb. 2024 is calculated as

Gross Margin % (Q: Feb. 2024 )=Gross Profit (Q: Feb. 2024 ) / Revenue (Q: Feb. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=174 / 233.55
=74.57 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


BlackBerry  (TSX:BB) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

BlackBerry had a gross margin of 74.57% for the quarter that ended in Feb. 2024 => Durable competitive advantage


BlackBerry Gross Profit Related Terms

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BlackBerry (TSX:BB) Business Description

Address
2200 University Avenue East, Waterloo, ON, CAN, N2K 0A7
BlackBerry, once known for being the world's largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.