BSYBentley Systems, Incorporated

$11B

Q1 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$338M+7.4% YoY

Gross Profit

$276M81.7% margin

Operating Income

$92M27.2% margin

Net Income

$70M20.8% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

+8.7%

Cash Flow

Operating Cash Flow

$205M

Free Cash Flow

$201M

Stock-Based Comp.

$20M

Balance Sheet

Total Assets

$3.4B

Total Liabilities

$2.4B

Stockholders' Equity

$932M

Cash & Equivalents

$142M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$338M	$314M	+7.4%
Gross Profit	$276M	$247M	+11.6%
Operating Income	$92M	$66M	+39.7%
Net Income	$70M	$45M	+54.6%

Revenue Segments

Subscriptions And Licenses

$317M29%

Subscription and Circulation

$307M28%

Enterprise License Subscriptions

$128M12%

Enterprise License Subscriptions, E365 Subscriptions

$123M11%

Term License Subscriptions

$116M10%

SELECT Subscriptions

$64M6%

Service

$22M2%

Professional Services, Other

$17M2%

Perpetual Licenses

$10M1%

Professional Services, Recurring

$4M0%

Geographic Segments

United States, Canada, And Latin America

$184M55%

EMEA

$95M28%

Asia Pacific

$59M17%