BSYBentley Systems, Incorporated

$11B

Q3 2020 Earnings

Technology Software - Application

Income Statement

Revenue

$203M+8.8% YoY

Gross Profit

$160M79.0% margin

Operating Income

$5M2.6% margin

Net Income

$6M2.9% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

+10.2%

Cash Flow

Operating Cash Flow

$40M

Free Cash Flow

$36M

Stock-Based Comp.

$20M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$1.1B

Stockholders' Equity

$7M

Cash & Equivalents

$138M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$203M	$187M	+8.8%
Gross Profit	$160M	$152M	+5.8%
Operating Income	$5M	$41M	-87.1%
Net Income	$6M	$20M	-71.4%

Revenue Segments

Subscriptions And Licenses

$186M32%

Subscription and Circulation

$173M30%

SELECT Subscriptions

$68M12%

Enterprise License Subscriptions

$56M10%

Term License Subscriptions

$50M9%

Service

$17M3%

Perpetual Licenses

$13M2%

Professional Services, Other

$13M2%

Professional Services, Recurring

$4M1%

Geographic Segments

United States, Canada, And Latin America

$102M50%

EMEA

$63M31%

Asia Pacific

$38M19%