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BeWhere reports record Q2 profits with 46% ARR growth and strong cash position after SecureQuip acquisition.

Company Fundamentals
20 Aug 2026
Newsfile Corp
View Source
Bullish
pluang ai news

BeWhere announced strong financial results for Q2 2026, achieving record gross profit, EBITDA, and adjusted EBITDA driven by a favorable sales mix. Annual Recurring Revenue (ARR) grew 46% year-over-year to over $12 million, while total recurring revenue increased 27%. Despite a 9% decline in total quarterly revenue, the company improved profitability with a 19.3% adjusted EBITDA margin and comprehensive net income reaching the second highest in its history. With $9.1 million in cash post-SecureQuip acquisition, BeWhere is well-positioned to pursue near-term growth opportunities in the IoT tracking market.

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