BSYBentley Systems, Incorporated

$11B

Q2 2025 Earnings

Technology Software - Application

Income Statement

Revenue

$364M+10.2% YoY

Gross Profit

$295M81.1% margin

Operating Income

$84M23.2% margin

Net Income

$70M19.4% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

-1.7%

Cash Flow

Operating Cash Flow

$61M

Free Cash Flow

$57M

Stock-Based Comp.

$27M

Balance Sheet

Total Assets

$3.4B

Total Liabilities

$2.3B

Stockholders' Equity

$1.2B

Cash & Equivalents

$90M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$364M	$330M	+10.2%
Gross Profit	$295M	$267M	+10.6%
Operating Income	$84M	$80M	+5.3%
Net Income	$70M	$72M	-2.2%

Revenue Segments

Subscriptions And Licenses

$344M28%

Subscription and Circulation

$333M28%

Enterprise License Subscriptions

$152M13%

Enterprise License Subscriptions, E365 Subscriptions

$150M12%

Term License Subscriptions

$115M9%

SELECT Subscriptions

$67M6%

Service

$21M2%

Professional Services, Other

$16M1%

Perpetual Licenses

$10M1%

Professional Services, Recurring

$4M0%

Geographic Segments

United States, Canada, And Latin America

$194M53%

EMEA

$105M29%

Asia Pacific

$65M18%