Bewhere earns $462,552 in Q3 2025

Executive Summary

• Bewhere Holdings Inc. reported record financial results for the third quarter ended September 30, 2025, driven by strong product sales and improved operational efficiency.
• The company achieved record quarterly revenue of $6.1 million, representing a 21% year-over-year increase, alongside a 21% increase in Annual Recurring Revenue (ARR) to approximately $8.6 million.
• Profitability metrics improved significantly, with record adjusted EBITDA of $802,880 (up 21% YoY) and net income of $462,662 (up 38% YoY), aided by revised supply chain initiatives that boosted gross profit by 42%.

Key Details

• Total Revenue: $6,080,984 for the three months ended Sept. 30, 2025, compared to $5,030,356 in the same period of 2024 (an increase of $1,050,628 or 21%). This is a record quarter for the company.
• Recurring Revenue: $2,057,047 for the three months ended Sept. 30, 2025, compared to $1,717,274 in the same period of 2024 (an increase of $339,773 or 20%).
• Annual Recurring Revenue (ARR): Approximately $8.6 million ending Sept. 30, 2025, versus $7.1 million for the same period in 2024 (an increase of 21% year over year).
• Gross Profit: $2,023,442 for the three months ended Sept. 30, 2025, compared to $1,422,142 in the same period of 2024 (an improvement of $601,300 or 42% year over year). The improvement is attributed to the implementation of a revised supply chain program.
• Adjusted EBITDA: Record adjusted EBITDA of $802,880 for the three months ended Sept. 30, 2025, compared to $665,450 in the same period of 2024 (an increase of $137,430 or 21%).
• Net Income: $462,662 for the three months ended Sept. 30, 2025, compared to $334,590 in the same period of 2024 (an improvement of $128,072 or 38%).
• Operational Drivers: Record product sales were driven by the highest quarter in product revenues in the company's history, aided by a favorable device sales mix and the second-highest unit volume shipment.

Notable Quotes

• Owen Moore, CEO and Co-founder: "This quarter showcases the strength of our execution, the torque in our business model, and an unrelenting drive to disrupt the asset tracking and inventory management markets with innovative products and solutions at unprecedented price points. We achieved record product sales and continued to increase annual recurring revenue (ARR), culminating in record quarterly revenue of $6.1-million."
• Chris Panczuk, COO and Co-founder: "In addition to record top-line performance, our team delivered record quarterly adjusted EBITDA of $800,000 and a significant improvement in gross profit, increasing 42 per cent year over year, aided by revised supply chain initiatives."