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BeWhere posts record Q1 revenue and profit growth, targets $20M ARR by 2028 with AI-driven efficiency gains.

Company Fundamentals
26 May 2026
Newsfile Corp
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Bullish
pluang ai news

BeWhere reported strong Q1 2026 results with a 12% revenue increase to $4.7M and a 34% jump in gross profit to $2.1M, achieving a record 45.5% gross margin. Recurring revenue and ARR also grew significantly, reaching nearly $10M ARR. The company plans to expand through new products, markets, and acquisitions, aiming for over $20M ARR and a 20% adjusted EBITDA margin by 2028, leveraging AI and automation to boost efficiency. This growth phase is supported by a solid balance sheet with $9.6M cash following a successful equity offering.

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