BWMX Q3 2025 Earnings Report — Betterware de México, S.A.P.I. de C.V. Revenue & Financial Results | Market Cap Arena

Betterware de México, S.A.P.I. de C.V.BWMX

Q3 2025 Earnings

Reported October 23, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2025	Q2 2025	Q3 2024	QoQ Change	YoY Change
Revenue	$3.4B	$205M	$192M	1548.6%	1663.6%
Op. Income	$627M	$33M	$3M	1773.1%	18368.9%
Gross Margin	68.5%	67.1%	71.2%	1.3pp	-2.7pp
Net Margin	9.3%	9.2%	-3.5%	0.1pp	12.8pp
EPS (Diluted)	$8.42	$0.50	$-0.18	1569.7%	4823.6%
Free Cash Flow	$552M	$31M	-$3M	1704.0%	16298.7%

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$1.1B
General & Administrative	$565M
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$2.8B
OPERATING INCOME	$627M
Interest Income	$357M
Interest Expense	$822M
Other Income/Expenses	-$125M
INCOME BEFORE TAX	$502M
Income Tax Expense	$188M
Net Income from Continuing Ops	$314M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$314M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$314M
D&A	$95M
EBIT	$634M
EBITDA	$729M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$1.1B
General & Administrative	$565M
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$2.8B
OPERATING INCOME	$627M
Interest Income	$357M
Interest Expense	$822M
Other Income/Expenses	-$125M
INCOME BEFORE TAX	$502M
Income Tax Expense	$188M
Net Income from Continuing Ops	$314M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$314M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$314M
D&A	$95M
EBIT	$634M
EBITDA	$729M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$314M
Depreciation & Amortization	$95M
Stock-Based Compensation	$0
Deferred Income Tax	$188M
Other Non-Cash Items	$93M
Change in Working Capital	-$119M
OPERATING CASH FLOW	$571M
Capital Expenditure	-$19M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$12M
Net Debt Issuance	-$258M
Common Stock Repurchased	$0
Common Dividends Paid	-$200M
Other Financing Activities	-$159M
NET CASH FROM FINANCING	-$617M
FREE CASH FLOW	$552M
Net Change in Cash	-$58M

Balance Sheet

Item	Amount
Cash & Equivalents	$334M
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$2.3B
Other Current Assets	$158M
TOTAL CURRENT ASSETS	$4.4B
PP&E (Net)	$2.0B
Goodwill	$1.6B
Intangible Assets	$1.5B
Long-Term Investments	$0
Tax Assets	$525M
Other Non-Current Assets	$63M
TOTAL NON-CURRENT ASSETS	$5.7B
TOTAL ASSETS	$10.1B
Account Payables	$1.7B
Short-Term Debt	$1.7B
Deferred Revenue	$0
Other Current Liabilities	$800M
TOTAL CURRENT LIABILITIES	$4.7B
Long-Term Debt	$3.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$495M
Other Non-Current Liabilities	$142M
TOTAL NON-CURRENT LIABILITIES	$4.1B
TOTAL LIABILITIES	$8.8B
Common Stock	$321M
Additional Paid-In Capital	-$25M
Retained Earnings	$1.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$37M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	-$4M
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$10.1B
Total Debt	$5.2B
Net Debt	$4.9B