BSYBentley Systems, Incorporated

$11B

Q1 2022 Earnings

Technology Software - Application

Income Statement

Revenue

$276M+24.1% YoY

Gross Profit

$220M79.8% margin

Operating Income

$57M20.5% margin

Net Income

$56M20.5% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

+1.4%

Cash Flow

Operating Cash Flow

$102M

Free Cash Flow

$98M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$2.7B

Stockholders' Equity

$458M

Cash & Equivalents

$130M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$276M	$222M	+24.1%
Gross Profit	$220M	$173M	+27.2%
Operating Income	$57M	$56M	+1.7%
Net Income	$56M	$57M	-1.1%

Revenue Segments

Subscriptions And Licenses

$251M29%

Subscription and Circulation

$241M28%

Term License Subscriptions

$93M11%

Enterprise License Subscriptions

$82M10%

Enterprise License Subscriptions, E365 Subscriptions

$69M8%

SELECT Subscriptions

$67M8%

Service

$24M3%

Professional Services, Other

$19M2%

Perpetual Licenses

$10M1%

Professional Services, Recurring

$5M1%

Geographic Segments

United States, Canada, And Latin America

$154M56%

EMEA

$77M28%

Asia Pacific

$44M16%