BSYBentley Systems, Incorporated

$11B

Q1 2021 Earnings

Technology Software - Application

Income Statement

Revenue

$222M+14.0% YoY

Gross Profit

$173M77.8% margin

Operating Income

$56M25.1% margin

Net Income

$57M25.7% margin

EPS (Diluted)

$0.18

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

$133M

Free Cash Flow

$130M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.3B

Stockholders' Equity

$354M

Cash & Equivalents

$570M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$222M	$195M	+14.0%
Gross Profit	$173M	$157M	+9.7%
Operating Income	$56M	$46M	+21.1%
Net Income	$57M	$30M	+92.1%

Revenue Segments

Subscriptions And Licenses

$198M31%

Subscription and Circulation

$188M30%

Enterprise License Subscriptions

$71M11%

SELECT Subscriptions

$66M10%

Term License Subscriptions

$51M8%

Service

$24M4%

Professional Services, Other

$18M3%

Perpetual Licenses

$10M2%

Professional Services, Recurring

$6M1%

Geographic Segments

United States, Canada, And Latin America

$109M49%

EMEA

$74M33%

Asia Pacific

$39M18%