HIGHBuilt-inProduct / Revenue mix
QNX automotive
“10-K Item 1: 'Approximately 20% of QNX revenue is derived from non-automotive embedded systems as of Fiscal 2026'”
BB · Concentration risk · 10-K extracted
BlackBerry (BB) concentration risks
Updated
The most significant concentration BlackBerry discloses is QNX automotive, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: BlackBerry’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-in & outside partyCustomer
government organizations
“10-K Item 1A: 'The Company's Secure Communications business depends, to a significant degree, on sales to government organizations'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile spans two distinct axes: product and customer type. On the product side, QNX revenue carries a high share tied to automotive embedded systems, a structural exposure that reflects where the technology has found its deepest commercial traction — roughly four-fifths of QNX revenue flows from automotive, with the remaining portion derived from non-automotive embedded applications. This is a deliberate market-positioning decision rather than a dependency on any single buyer, and it means the company's fortunes are broadly levered to the health of the global automotive supply chain and software-defined vehicle adoption cycles. Layered on this is a medium-share customer-type exposure: the Secure Communications business depends to a significant degree on sales to government organizations. This carries a mixed character — government budgets are relatively stable and long-cycle but also subject to procurement shifts, policy changes, and concentration risk if a small number of agencies represent the bulk of that segment's bookings. Together, the two exposures point in different directions structurally: automotive QNX is a growth-cyclical bet on OEM demand, while government communications is a policy-linked, budget-dependent relationship. Neither is easily displaced in the short term, but both would be worth monitoring if automotive production cycles turn or government spending priorities shift.
For the engine’s reasoning on BB’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Software - Infrastructure
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| APPN | Appian Corporation | 2 | 2 | 0 | 4 |
| BB● | BlackBerry Limited | 1 | 1 | 0 | 2 |
| AVPT | AvePoint, Inc. | 1 | 0 | 0 | 1 |
| ATEN | A10 Networks, Inc. | 0 | 2 | 0 | 2 |
| ACIW | ACI Worldwide, Inc. | 0 | 0 | 0 | 0 |
| AKAM | Akamai Technologies, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.