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BSY (Bentley Systems, Incorporated) Stock Financials & Earnings | Market Cap Arena
BSY
Bentley Systems, Incorporated
Mkt Cap
$11B
Technology
·
Software - Application
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$1.5B
Net Income (TTM)
$278M
EPS (TTM)
$0.85
Free Cash Flow (TTM)
$520M
Gross Margin
81.5%
Op. Margin
24.1%
Net Margin
18.5%
FCF Margin
34.6%
P/S Ratio (TTM)
7.6x
P/E Ratio (TTM)
40.9x
YoY Rev Growth
+11.0%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$314M
$247M
$66M
Q2 23
$297M
$230M
$53M
Q3 23
$307M
$242M
$74M
Q4 23
$311M
$243M
$38M
Q1 24
$338M
$276M
$92M
Q2 24
$330M
$267M
$80M
Q3 24
$335M
$270M
$69M
Q4 24
$350M
$282M
$61M
Q1 25
$371M
$305M
$115M
Q2 25
$364M
$295M
$84M
Q3 25
$376M
$303M
$84M
Q4 25
$392M
$321M
$79M
marketcaparena.com
Revenue Breakdown
BSY
Bentley Systems, Incorporated
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
10.0x
69.4x
Q2 23
9.7x
72.5x
Q3 23
9.4x
65.8x
Q4 23
9.3x
34.8x
Q1 24
9.1x
32.3x
Q2 24
8.8x
30.3x
Q3 24
8.7x
31.2x
Q4 24
8.4x
48.4x
Q1 25
8.2x
44.4x
Q2 25
8.0x
44.7x
Q3 25
7.8x
42.2x
Q4 25
7.6x
40.9x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$176M
$172M
Q2 23
$81M
$74M
Q3 23
$73M
$65M
Q4 23
$87M
$81M
Q1 24
$205M
$201M
Q2 24
$63M
$59M
Q3 24
$86M
$84M
Q4 24
$82M
$76M
Q1 25
$219M
$216M
Q2 25
$61M
$57M
Q3 25
$116M
$111M
Q4 25
$142M
$136M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$4M
Q2 23
$7M
Q3 23
$8M
Q4 23
$6M
Q1 24
$4M
Q2 24
$3M
Q3 24
$2M
Q4 24
$6M
Q1 25
$3M
Q2 25
$4M
Q3 25
$6M
Q4 25
$5M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+14.1%
+13.6%
Q2 23
+10.6%
+14.5%
Q3 23
+14.3%
+9.5%
Q4 23
+8.3%
+10.8%
Q1 24
+7.4%
-1.1%
Q2 24
+11.3%
+2.8%
Q3 24
+9.3%
+14.4%
Q4 24
+12.6%
+5.7%
Q1 25
+9.7%
+3.9%
Q2 25
+10.2%
+11.8%
Q3 25
+12.0%
+9.2%
Q4 25
+11.9%
+8.6%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$19M
6.2%
Q2 23
$18M
6.1%
Q3 23
$19M
6.0%
Q4 23
$17M
5.4%
Q1 24
$20M
5.8%
Q2 24
$22M
6.7%
Q3 24
$16M
4.8%
Q4 24
$17M
4.7%
Q1 25
$17M
4.7%
Q2 25
$27M
7.5%
Q3 25
$18M
4.8%
Q4 25
$18M
4.5%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
Quarter
R&D
G&A
S&M
Q1 23
$68M
$51M
$52M
Q2 23
$70M
$43M
$54M
Q3 23
$65M
$40M
$54M
Q4 23
$71M
$61M
$64M
Q1 24
$68M
$52M
$54M
Q2 24
$66M
$56M
$57M
Q3 24
$70M
$58M
$65M
Q4 24
$77M
$56M
$79M
Q1 25
$72M
$46M
$63M
Q2 25
$75M
$57M
$70M
Q3 25
$79M
$60M
$72M
Q4 25
$81M
$54M
$85M
marketcaparena.com
Rule of 40
Rule of 40
Quarter
Rev Growth %
EBITDA Margin %
Rule of 40
Q1 23
14.1%
26.3%
40.4
Q2 23
10.6%
24.1%
34.7
Q3 23
14.3%
31.2%
45.5
Q4 23
8.3%
15.2%
23.5
Q1 24
7.4%
34.4%
41.8
Q2 24
11.3%
29.5%
40.8
Q3 24
9.3%
23.3%
32.6
Q4 24
12.6%
26.4%
39.0
Q1 25
9.7%
35.6%
45.3
Q2 25
10.2%
26.6%
36.9
Q3 25
12.0%
27.7%
39.7
Q4 25
11.9%
36.7%
48.6
marketcaparena.com
Revenue by Geography
Asia Pacific
Emea
United States, Canada, And Latin America
Quarter
Asia Pacific
Emea
United States, Canada, And Latin America
Q1 23
$53M
$93M
$168M
Q2 23
$54M
$83M
$159M
Q3 23
$57M
$87M
$162M
Q4 23
$59M
$90M
$161M
Q1 24
$59M
$95M
$184M
Q2 24
$58M
$96M
$176M
Q3 24
$64M
$95M
$176M
Q4 24
$66M
$102M
$181M
Q1 25
$65M
$107M
$199M
Q2 25
$65M
$105M
$194M
Q3 25
$71M
$108M
$196M
Q4 25
$74M
$117M
$201M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$94M
$0
$94M
Q2 23
$83M
$0
$83M
Q3 23
$67M
$0
$67M
Q4 23
$68M
$0
$68M
Q1 24
$142M
$0
$142M
Q2 24
$51M
$0
$51M
Q3 24
$72M
$0
$72M
Q4 24
$64M
$0
$64M
Q1 25
$84M
$0
$84M
Q2 25
$90M
$0
$90M
Q3 25
$165M
$0
$165M
Q4 25
$123M
$0
$123M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
331M
+2.3%
Q2 23
332M
+0.3%
Q3 23
333M
+0.1%
Q4 23
333M
+0.2%
Q1 24
334M
+0.1%
Q2 24
334M
+0.0%
Q3 24
334M
+0.0%
Q4 24
334M
+0.0%
Q1 25
333M
-0.1%
Q2 25
333M
-0.2%
Q3 25
333M
+0.1%
Q4 25
333M
-0.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 18
—
—
FY 19
—
—
FY 20
—
—
FY 21
$209K
5K
FY 22
$220K
5K
FY 23
$246K
5K
FY 24
$246K
6K
FY 25
$259K
6K
marketcaparena.com