BSY (Bentley Systems, Incorporated) Stock Financials & Earnings

BSYBentley 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 Margin81.5%

Op. Margin24.1%

Net Margin18.5%

FCF Margin34.6%

P/S Ratio (TTM)7.6x

P/E Ratio (TTM)40.9x

YoY Rev Growth+11.0%

Employees—

Earnings Reports

Revenue & Profitability

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

Revenue Breakdown

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

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

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

Revenue by Geography

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

War Chest

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

Shares Outstanding

Revenue Per Employee

Revenue / Employee