BENTLEY SYSTEMS INC

Listed Company

BSYCIK 0001031308NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.50B

Net Income

$277.86M

Total Assets

$3.56B

Equity

$1.19B

Shares Out

—

Op. Cash Flow

$538.46M

BSY$32.35−43.84% · past yearDBEQ Basic

Daily closing prices

Business

Bentley Systems is a prepackaged software company providing infrastructure engineering software across the design, construction, and operations phases of asset lifecycles. Its portfolio comprises domain-specific modeling and simulation applications, enterprise cloud collaboration systems, asset analytics, and digital-twin platforms. The company serves public works, utilities, resources, industrial, and commercial facilities sectors through direct sales and channel partners globally, operating on subscription, consumption-based, and perpetual-license commercial models.

Summary from 10-K filed 2026-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	1,502	1,353	1,228	1,099	965
Total cost of revenues	278	258	266	237	217
Gross profit	1,224	1,095	962	862	749
Research and development	308	281	275	258	221
Selling and marketing	290	255	224	196	162
General and administrative	217	210	181	175	150
Deferred compensation plan	14	12	14	−16	95
Amortization of purchased intangibles	33	34	39	41	26
Total operating expenses	862	793	732	653	654
Income from operations	363	302	231	209	95
Interest expense, net	−12	−22	−40	−35	−11
Other income (expense), net	547,000	13	−7	24	10
Income before income taxes	351	293	184	198	93
(Provision) benefit for income taxes	−73	−59	143	−21	3
Equity in net income of investees, net of tax	38,000	104,000	19,000	−2	−4
Net income	278	234	327	175	—
Less: Net income (loss) attributable to noncontrolling interest	−67,000	−354,000	0	0	—
Net income attributable to Bentley Systems	278	235	327	175	93
Basic (USD per share)	0.88	0.75	1.05	0.57	0.3
Diluted (USD per share)	0.85	0.72	1	0.55	0.3
Basic (in shares)	315	315	312	309	306
Diluted (in shares)	333	334	333	332	315

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	123	64	68	72	329
Accounts receivable	350	323	303	296	242
Allowance for doubtful accounts	−8	−8	−9	−9	−7
Prepaid income taxes	20	13	13	18	17
Prepaid and other current assets	53	51	—	—	—
Total current assets	539	442	420	416	616
Property and equipment, net	36	34	40	32	32
Operating lease right-of-use assets	31	32	38	40	51
Intangible assets, net	193	214	249	292	246
Goodwill	2,482	2,367	2,269	2,237	1,588
Investments	28	26	23	22	6
Deferred income taxes	170	198	213	53	71
Other assets	76	86	67	72	49
Total assets	3,555	3,400	3,320	3,165	2,659
Accounts payable	27	16	18	15	16
Accruals and other current liabilities	173	170	457	362	324
Cloud Services Subscription deposits	463	367	—	—	—
Deferred revenues	278	246	254	227	225
Operating lease liabilities	14	12	12	15	17
Income taxes payable	5	4	9	5	7
Current portion of long-term debt	0	0	10	5	5
Total current liabilities	960	814	760	628	594
Long-term debt	1,249	1,388	1,518	1,776	1,431
Deferred compensation plan liabilities	107	97	88	77	95
Long-term operating lease liabilities	22	27	31	28	35
Deferred revenues	18	17	16	16	8
Deferred income taxes	4	9	10	51	65
Income taxes payable	0	4	7	8	8
Other liabilities	5	4	5	7	14
Total liabilities	2,366	2,359	2,436	2,592	2,250
Commitments and contingencies (Note 18)	—	—	—	—	—
Preferred stock, $0.01 par value, authorized 100,000,000 shares; none issued or outstanding as of December 31, 2025 and 2024	0	0	0	0	0
Additional paid-in capital	1,301	1,218	1,127	1,030	938
Accumulated other comprehensive loss	−75	−104	−85	−90	−92
Accumulated deficit	−40	−76	−162	−371	−440
Total Bentley Systems stockholders equity	1,189	1,041	883	—	409
Noncontrolling interest	79,000	133,000	704,000	704,000	0
Total equity	1,189	1,041	884	573	409
Total liabilities and equity	3,555	3,400	3,320	3,165	2,659

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization, and impairment	66	65	72	—	—
Deferred income taxes	24	13	−199	−5	−20
Stock-based compensation expense	73	74	73	75	49
Deferred compensation plan	14	12	14	−16	95
Amortization of deferred debt issuance costs	8	7	7	7	6
Change in fair value of derivative	10	−10,000	5	−27	−10
Foreign currency remeasurement loss (gain)	664,000	−785,000	−452,000	6	64,000
Other	6	8	21	3	5
Accounts receivable	−19	−32	−5	−61	−36
Prepaid and other assets	11	−6	4	14	14
Accounts payable, accruals, and other liabilities	−18	−17	−9	29	48
Cloud Services Subscription deposits	77	92	78	—	—
Deferred revenues	19	−2	20	2	5
Income taxes payable, net of prepaid income taxes	−10	−13	10	320,000	−16
Net cash provided by operating activities	538	435	417	274	288
Purchases of property and equipment and investment in capitalized software	−18	−14	−25	−19	−18
Acquisitions, net of cash acquired	−93	−130	−26	−743	−1,035
Purchases of investments	−981,000	−1	−12	−11	−4
Proceeds from investments	0	0	2	0	0
Other	179,000	3	0	0	−4
Net cash used in investing activities	−112	−143	−61	−770	−1,057
Proceeds from credit facilities	290	518	588	833	745
Payments of credit facilities	−425	−474	−842	−488	−991
Repayments of term loan	0	−190	−5	−5	0
Repurchase of convertible senior notes	−10	0	0	−2	0
Payments of debt issuance costs	0	−6	0	0	−6
Payments of contingent and non-contingent consideration	−310,000	−3	−4	−8	−2
Payments of dividends	−85	−72	−59	−34	−33
Proceeds from stock purchases under employee stock purchase plan	12	11	10	10	4
Proceeds from exercise of stock options	0	4	12	8	6
Payments for shares acquired including shares withheld for taxes	−32	−13	−59	−44	−121
Repurchases of Class B common stock under approved program	−125	−64	0	−28	0
Other	−203,000	−188,000	−191,000	525,000	−197,000
Net cash used in financing activities	−376	−290	−359	243	983
Effect of exchange rate changes on cash and cash equivalents	9	−7	−390,000	−5	−7
Increase (decrease) in cash and cash equivalents	59	−4	−3	−258	207
Cash paid for income taxes	61	60	44	29	40
Income tax refunds	2	2	1	4	9
Cash paid for interest	8	17	37	27	5
Non-marketable equity investment	0	0	4	—	—
Deferred, non-contingent consideration, net	0	0	525,000	749,000	10
Share-settled Bonus Plan awards	6	14	17	22	21
DCP elective participant deferrals	0	188,000	2	7	3

Filings

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Frequently asked questions

What is BENTLEY SYSTEMS INC's CIK number?

BENTLEY SYSTEMS INC's SEC CIK number is 0001031308 (1031308). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find BENTLEY SYSTEMS INC's SEC filings?

All of BENTLEY SYSTEMS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did BENTLEY SYSTEMS INC last report earnings?

BENTLEY SYSTEMS INC (BSY) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001031308-26-000014). This is BENTLEY SYSTEMS INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is BENTLEY SYSTEMS INC's most recent earnings 8-K?

BENTLEY SYSTEMS INC's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001031308-26-000014. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View BENTLEY SYSTEMS INC's latest earnings 8-K →
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