v3.26.1
Consolidated Balance Sheets Details
 12 Months Ended
Feb. 28, 2026
Balance Sheet Related Disclosures [Abstract]  
Consolidated Balance Sheet Details CONSOLIDATED BALANCE SHEET DETAILS
Accounts Receivable, Net of Allowance
The current estimated credit losses (“CECL”) for accounts receivable as at February 28, 2026 was $3.4 million (February 28, 2025 - $6.6 million).
The Company also has long-term accounts receivable included in Other long-term assets. The CECL for long-term accounts receivable is estimated using the probability of default method and the default exposure due to limited historical information. The exposure to default is represented by the assets’ amortized carrying amount at the reporting date.
The following table sets forth the activity in the Company’s allowance for credit losses:
Carrying Amount
Beginning balance as of February 29, 2024$6.0 
Prior period provision for expected credit losses5.3 
Write-offs charged against the allowance(4.7)
Ending balance of the allowance for credit loss as at February 28, 20256.6 
Current period recovery for expected credit losses (2.4)
Write-offs charged against the allowance(0.8)
Ending balance of the allowance for credit loss as at February 28, 2026$3.4 
The allowance for credit losses as at February 28, 2026 consists of $1.0 million (February 28, 2025 - $1.1 million) relating to CECL estimated based on days past due and region and $2.4 million (February 28, 2025 - $5.5 million) relating to specific customers that were evaluated separately.
There were two customers that comprised more than 10% of accounts receivable as at February 28, 2026 (February 28, 2025 - two customers comprised more than 10%).
Other Receivables
 As at
 February 28, 2026February 28, 2025
Arctic Wolf delayed cash payment (1)
$— $38.6 
Other7.5 9.8 
7.5 48.4 
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(1) As partial consideration for the sale of its Cylance endpoint security assets and liabilities to Arctic Wolf, as described in Note 3, the Company was owed a cash payment one year following the closing which was paid on February 10, 2026.
As at February 28, 2026 and February 28, 2025, other receivables included items such as claims filed by QNX with the Ministry of Innovation, Science and Economic Development Canada relating to its Strategic Innovation Fund (“SIF”), among other items, none of which were greater than 5% of the current assets balance as at the balance sheet dates.
Other Current Assets
As at February 28, 2026 and February 28, 2025, other current assets included items such as the current portion of deferred commissions and prepaid expenses, among other items, none of which were greater than 5% of the current assets balance as at the balance sheet dates.
Property, Plant and Equipment, Net
Property, plant and equipment comprised the following:
 As at
 February 28, 2026February 28, 2025
Cost
BlackBerry operations and other information technology$78.0 $80.6 
Leasehold improvements and other12.9 10.5 
Furniture and fixtures4.8 4.6 
Manufacturing, repair and research and development equipment2.5 2.2 
98.2 97.9 
Accumulated amortization and impairment85.9 84.5 
Net book value$12.3 $13.4 
For the year ended February 28, 2026, amortization expense related to property, plant and equipment amounted to $5.4 million (February 28, 2025 - $7.6 million; February 29, 2024 - $9.9 million).
Intangible Assets, Net
Intangible assets comprised the following:
 As at February 28, 2026
 Gross Carrying CostAccumulated
Amortization and Impairment		Net Book
Value
Acquired technology$29.8 $29.8 $— 
Other acquired intangibles40.4 40.4 — 
Intellectual property105.3 65.2 40.1 
$175.5 $135.4 $40.1 
As at February 28, 2025
Gross Carrying CostAccumulated
Amortization and Impairment		Net Book
Value
Acquired technology$29.8 $29.1 $0.7 
Other acquired intangibles40.4 38.0 2.4 
Intellectual property110.4 66.2 44.2 
$180.6 $133.3 $47.3 
For the year ended February 28, 2026, amortization expense related to intangible assets amounted to $12.4 million (February 28, 2025 - $16.7 million; February 29, 2024 - $21.4 million). For the year ended February 28, 2026, the Company has acquired technology and other acquired intangibles that are fully amortized but still in use.
Total additions to intangible assets in fiscal 2026 amounted to $5.7 million (fiscal 2025 - $7.0 million) and primarily consisted of payments for intellectual property relating to patent maintenance and, registration fees.
For the year ended February 28, 2026, the Company recorded $0.4 million in impairment charges related to patent abandonment (fiscal 2025 - $0.5 million).
Based on the carrying value of the identified intangible assets, as at February 28, 2026, and assuming no subsequent impairment of the underlying assets, the annual amortization expense for each of the five succeeding years is expected to be as follows: fiscal 2027 - $7.6 million; fiscal 2028 - $6.1 million; fiscal 2029 - $5.0 million; fiscal 2030 - $4.3 million and fiscal 2031 - $3.6 million.
The weighted average remaining useful lives of the intangible assets are as follows:
 As at
February 28, 2026February 28, 2025
Acquired technology0.0 years0.3 years
Other acquired intangibles0.0 years0.6 years
Intellectual property4.4 years5.7 years
Goodwill
Changes to the carrying amount of goodwill during the fiscal years ended February 28, 2026 and February 28, 2025 were as follows:
Carrying Amount
Carrying amount as at February 29, 2024$474.5 
Effect of foreign exchange on non-U.S. dollar denominated goodwill(2.1)
Carrying amount as at February 28, 2025472.4 
Effect of foreign exchange on non-U.S. dollar denominated goodwill6.7 
Carrying amount as at February 28, 2026$479.1 
Other Long-term Assets
As at February 28, 2026 and February 28, 2025, other long-term assets included long-term receivables related to intellectual property sold, long-term receivables relating to minimum royalty commitments from QNX customers, and the long-term portion of deferred commissions, among other items, none of which were greater than 5% of the total assets balance.
Accrued Liabilities
Accrued liabilities is comprised of the following:
 As at
 February 28, 2026February 28, 2025
Variable incentive accrual36.5 31.4 
Other75.2 94.8 
$111.7 $126.2 
Other accrued liabilities include operating lease liabilities, current, accrued restructuring expenses, current, accrued director fees, accrued vendor liabilities, payroll withholding taxes and accrued royalties, among other items, none of which were greater than 5% of the current liabilities balance in any of the periods presented.
Restructuring and Integration
Restructuring
During fiscal 2025 and fiscal 2024, the Company commenced restructuring programs with the objectives of reducing its annual costs and expenses. Other charges and cash costs may occur as programs are implemented or changes are completed.
The following table sets forth the activity in the Company’s restructuring program liabilities for fiscal 2026 and fiscal 2025:
Employee
Termination
Benefits
Facilities and Other
Charges (1)
Total
Balance as at February 29, 2024$16.8 $4.3 $21.1 
Charges incurred21.3 4.8 26.1 
Cash payments made(31.0)(5.8)(36.8)
Balance as at February 28, 20257.1 3.3 10.4 
Charges incurred11.9 3.8 15.7 
Cash payments made(12.7)(5.1)(17.8)
Balance as at February 28, 2026$6.3 $2.0 $8.3 
Current portion$6.3 $0.7 $7.0 
Long-term portion— 1.3 1.3 
$6.3 $2.0 $8.3 
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(1) Other charges primarily consist of costs associated with system transformation to streamline corporate functions into QNX and Secure Communications.
The long-term portion of the restructuring liabilities is recorded by measuring the remaining payments at present value using an effective interest rate of 4.9%, and the Company recorded interest expense over time to arrive at the total face value of the remaining payments.
The restructuring charges included employee termination benefits, facilities and other charges. Total charges incurred in fiscal 2026, 2025 and 2024 were $15.7 million, $26.1 million and $37.3 million, respectively, recorded within General and administrative on the Consolidated Statements of Operations.