BSYBentley Systems, Incorporated

$11B

Q3 2022 Earnings

Technology Software - Application

Income Statement

Revenue

$268M+6.7% YoY

Gross Profit

$209M77.9% margin

Operating Income

$56M20.7% margin

Net Income

$37M13.8% margin

EPS (Diluted)

$0.11

QoQ Revenue Growth

+0.0%

Cash Flow

Operating Cash Flow

$69M

Free Cash Flow

$63M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$2.5B

Stockholders' Equity

$520M

Cash & Equivalents

$73M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$268M	$251M	+6.7%
Gross Profit	$209M	$197M	+6.1%
Operating Income	$56M	-$38M	+248.0%
Net Income	$37M	-$48M	+177.0%

Revenue Segments

Subscriptions And Licenses

$245M29%

Subscription and Circulation

$235M28%

Enterprise License Subscriptions

$89M10%

Term License Subscriptions

$83M10%

Enterprise License Subscriptions, E365 Subscriptions

$80M9%

SELECT Subscriptions

$64M7%

Service

$24M3%

Professional Services, Other

$19M2%

Perpetual Licenses

$9M1%

Professional Services, Recurring

$5M1%

Geographic Segments

United States, Canada, And Latin America

$142M53%

EMEA

$75M28%

Asia Pacific

$51M19%