BlackBerry (TSX:BB) Research & Development: C$157.2 Mil (TTM As of Feb. 2026)


TSX:BB BlackBerry Ltd TSX:BB
60 GF Score
Price C$12.26
GF Value C$5.01
Valuation Significantly Overvalued
! 5 Warning Signs
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What is BlackBerry Research & Development?

BlackBerry TSX:BB -2.23% 60 Research & Development is C$157.2 Mil as of Feb. 2026. GuruFocus rates TSX:BB with a GF Score™ of 60/100 and a GF Value™ of C$5.01 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. BlackBerry's Research & Development for the three months ended in Feb. 2026 was C$45.6 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Feb. 2026 was C$157.2 Mil.

BlackBerry  (TSX:BB) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

BlackBerry Research & Development Related Terms

BlackBerry Research & Development Historical Data

* Premium members only.

The historical data trend for BlackBerry's Research & Development 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.

BlackBerry Research & Development Chart

BlackBerry Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 278.37 180.55 171.59 155.57 155.04

BlackBerry Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Research & Development Get a 7-Day Free Trial 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 33.17 34.67 35.32 41.61 45.58
TSX:BB
60GF Score
BlackBerry Ltd TSX:BB
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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BlackBerry Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$157.2 Mil.

* 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.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of C$157.2 Mil mean?
BlackBerry (TSX:BB) has a Research & Development of C$157.2 Mil as of Feb. 2026. Research and development expense is the total cost for research and development activities. View historical data on BlackBerry and its competitors.
Is BlackBerry's Research & Development too high?
BlackBerry's current Research & Development is C$157.2 Mil. Overall, BlackBerry has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BlackBerry's Research & Development compare to MSFT and ORCL?
BlackBerry's Research & Development of C$157.2 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Software company?
A good Research & Development depends on the Software industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on BlackBerry and its competitors. BlackBerry's current Research & Development is C$157.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackBerry stock overvalued right now?
Based on GuruFocus' analysis, BlackBerry (TSX:BB) is currently considered Significantly Overvalued. The stock's GF Value™ is C$5.01, compared to a current price of C$12.26 — trading 144.7% above its estimated fair value. The current Research & Development is C$157.2 Mil. BlackBerry's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For BlackBerry (TSX:BB), the current Research & Development is C$157.2 Mil as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is BlackBerry (TSX:BB) Overvalued in 2026?

Based on GuruFocus' analysis, BlackBerry stock appears to be overvalued. The current stock price of C$12.26 is trading 144.7% above its estimated GF Value™ of C$5.01. GuruFocus considers BlackBerry to be Significantly Overvalued.

Key valuation signals for TSX:BB:

  • Research & Development: C$157.2 Mil
  • GF Value™: C$5.01 vs. price of C$12.26 (144.7% above fair value)
  • GF Score™: 60/100 with 5 warning signs

No single metric tells the full story. See the TSX:BB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

BlackBerry 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 communications for enterprises. The firm provides endpoint management and other secure communications software to enterprises, specializing in regulated industries like government and financial institutions. BlackBerry also has a sizable embedded software business primarily serving the automotive market, with some exposure to the industrial market.
60GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$12.26
Price
C$5.01
GF Value