BSYBentley Systems, Incorporated

$11B

Q1 2025 Earnings

Technology Software - Application

Income Statement

Revenue

$371M+9.7% YoY

Gross Profit

$305M82.3% margin

Operating Income

$115M31.1% margin

Net Income

$91M24.7% margin

EPS (Diluted)

$0.28

QoQ Revenue Growth

+5.9%

Cash Flow

Operating Cash Flow

$219M

Free Cash Flow

$216M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$3.4B

Total Liabilities

$2.3B

Stockholders' Equity

$1.1B

Cash & Equivalents

$84M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$371M	$338M	+9.7%
Gross Profit	$305M	$276M	+10.5%
Operating Income	$115M	$92M	+25.3%
Net Income	$91M	$70M	+30.0%

Revenue Segments

Subscriptions And Licenses

$353M29%

Subscription and Circulation

$342M28%

Enterprise License Subscriptions

$150M12%

Enterprise License Subscriptions, E365 Subscriptions

$147M12%

Term License Subscriptions

$130M11%

SELECT Subscriptions

$62M5%

Service

$19M2%

Professional Services, Other

$14M1%

Perpetual Licenses

$11M1%

Professional Services, Recurring

$3M0%

Geographic Segments

United States, Canada, And Latin America

$199M54%

EMEA

$107M29%

Asia Pacific

$65M17%