BSYBentley Systems, Incorporated

$11B

Q2 2022 Earnings

Technology Software - Application

Income Statement

Revenue

$268M+19.8% YoY

Gross Profit

$209M77.7% margin

Operating Income

$56M20.8% margin

Net Income

$56M20.8% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

-2.6%

Cash Flow

Operating Cash Flow

$67M

Free Cash Flow

$65M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$2.6B

Stockholders' Equity

$497M

Cash & Equivalents

$93M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$268M	$224M	+19.8%
Gross Profit	$209M	$170M	+22.4%
Operating Income	$56M	$33M	+67.8%
Net Income	$56M	$46M	+22.0%

Revenue Segments

Subscriptions And Licenses

$244M29%

Subscription and Circulation

$232M28%

Term License Subscriptions

$84M10%

Enterprise License Subscriptions

$82M10%

Enterprise License Subscriptions, E365 Subscriptions

$73M9%

SELECT Subscriptions

$67M8%

Service

$25M3%

Professional Services, Other

$20M2%

Perpetual Licenses

$12M1%

Professional Services, Recurring

$4M0%

Geographic Segments

United States, Canada, And Latin America

$144M54%

EMEA

$75M28%

Asia Pacific

$49M18%