Business
BeWhere Holdings Inc. Reports Fourth Quarter and Fiscal Year 2025 Results
Toronto, Ontario--(Newsfile Corp. - April 28, 2026) - BeWhere (TSXV: BEW) (OTCQB: BEWFF) ("BeW...
About this update from Bewhere Holdings, Inc.
[{"type":"text","content":"BeWhere Holdings Inc. Reports Fourth Quarter and Fiscal Year 2025 ResultsToronto, Ontario--(Newsfile Corp. - April 28, 2026) - BeWhere (TSXV: BEW) (OTCQB: BEWFF) (\"BeWhere\" or the \"Company\"), a leading Mobile Internet of Things (M-IoT) company, is pleased to announce its financial results for the three and twelve months ended December 31, 2025.Owen Moore, CEO and Co-Founder stated, \"We enter 2026 on the back of record Revenue, Gross Profit and Adjusted EBITDA in 2025, the strongest Q4 in the company's history including a record level in quarterly Adjusted EBITDA and an upcoming product refresh cycle at attractive industry price points that we believe will foster demand.\"Chris Panczuk, COO and Co-Founder stated, \"2025 offered operating challenges, namely from tariffs, that at present we have overcome with our revised supply chain program. More importantly, in Q4 we surpassed a key operating leverage threshold for the third time in Company history as quarterly Gross Profit from Recurring Revenue exceeded our operating expenses. This was last achieved in Q4 of 2024 and bodes well for improved profitability going forward as we further scale our Product and Recurring Revenues.\"FY 2025 HighlightsTotal Revenue increased by 22% year over year – Total Revenue for the twelve months ended December 31, 2025, was $21,457,997 compared to $17,531,574 for the same period in 2024: an increase of $3,926,423. This is a record level for the Company.Recurring Revenue increased by 22% year over year – Total Recurring Revenue for the twelve months ended December 31, 2025, was $8,444,457 compared to $6,921,208 for the same period in 2024: an increase of $1,523,249.Gross Profit grew by 21% year over year – Gross profit for the twelve months ended December 31, 2025, was $7,065,339 compared to $5,825,293 for the same period in 2024: an improvement of $1,240,046. This is a record level for the Company.Adjusted EBITDA increased by 5% year over year – Total EBITDA for the twelve months ended December 31, 2025, was $2,248,860 compared to $2,138,956 for the same period in 2024: an increase of $109,904. This is a record level for the Company.Working Capital grew by 9% year over year – The Company recorded working capital on December 31, 2025 of $8,503,177 compared to $7,822,570 for the same per...