Recurring revenue surged 27% to $2.55M, while gross profit hit a record $2.20M amid acquisition activity.
BeWhere Holdings reported Q2 GAAP earnings per share of $0.01 as revenue declined 9% year-over-year to $5M. The drop contrasts with strong growth in recurring revenue, which rose 27% to $2.55M, and a 46% increase in Annual Recurring Revenue to over $12.00M.
Gross profit jumped 53% to a record $2.20M, reflecting improved margins. Cash and cash equivalents stood at $9.14M as of June 30, 2026, following the SecureQuip acquisition and recent equity financing.
The company did not disclose immediate market reaction to the results.