BlackBerry Limited reported its fourth quarter and fiscal year 2025 results with a substantial focus on transformation following the divestiture of its Cylance cybersecurity business. Revenue for Q4 came in at $143.9 million, exceeding guidance, with significant contributions from its QNX and Secure Communications divisions generating $65.8 million and $67.3 million respectively. Despite facing challenges, including a decline in year-over-year revenues, management highlighted robust cash flow improvements, achieving $144 million in cash growth primarily from operating cash flows of $42 million and proceeds from the Cylance deal. This analysis demonstrates BlackBerry's shift towards a profitable and cash-flow-positive model as it moves into fiscal year 2026, led by strong performance and strategic focus on its core offerings in safety-critical software solutions and secure communications.