BSYBentley Systems, Incorporated

$11B

Q3 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$307M+14.3% YoY

Gross Profit

$242M78.9% margin

Operating Income

$74M24.0% margin

Net Income

$53M17.3% margin

EPS (Diluted)

$0.16

QoQ Revenue Growth

+3.3%

Cash Flow

Operating Cash Flow

$73M

Free Cash Flow

$65M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$2.4B

Stockholders' Equity

$691M

Cash & Equivalents

$67M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$307M	$268M	+14.3%
Gross Profit	$242M	$209M	+15.7%
Operating Income	$74M	$56M	+32.6%
Net Income	$53M	$37M	+43.3%

Revenue Segments

Subscriptions And Licenses

$283M29%

Subscription and Circulation

$271M27%

Enterprise License Subscriptions

$111M11%

Enterprise License Subscriptions, E365 Subscriptions

$108M11%

Term License Subscriptions

$96M10%

SELECT Subscriptions

$63M6%

Service

$24M2%

Professional Services, Other

$20M2%

Perpetual Licenses

$12M1%

Professional Services, Recurring

$4M0%

Geographic Segments

United States, Canada, And Latin America

$162M53%

EMEA

$87M28%

Asia Pacific

$57M19%