BSYBentley Systems, Incorporated

$11B

Q3 2021 Earnings

Technology Software - Application

Income Statement

Revenue

$251M+23.8% YoY

Gross Profit

$197M78.4% margin

Operating Income

-$38M-14.9% margin

Net Income

-$48M-19.1% margin

EPS (Diluted)

$-0.16

QoQ Revenue Growth

+12.3%

Cash Flow

Operating Cash Flow

$58M

Free Cash Flow

$52M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$2.1B

Stockholders' Equity

$379M

Cash & Equivalents

$156M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$251M	$203M	+23.8%
Gross Profit	$197M	$160M	+22.9%
Operating Income	-$38M	$5M	-805.2%
Net Income	-$48M	$6M	-921.7%

Revenue Segments

Subscriptions And Licenses

$224M29%

Subscription and Circulation

$212M28%

Enterprise License Subscriptions

$75M10%

Term License Subscriptions

$70M9%

SELECT Subscriptions

$67M9%

Enterprise License Subscriptions, E365 Subscriptions

$60M8%

Service

$24M3%

Professional Services, Other

$19M2%

Perpetual Licenses

$12M2%

Professional Services, Recurring

$5M1%

Geographic Segments

United States, Canada, And Latin America

$127M51%

EMEA

$76M31%

Asia Pacific

$46M18%