BSYBentley Systems, Incorporated

$11B

Q3 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$335M+9.3% YoY

Gross Profit

$270M80.7% margin

Operating Income

$69M20.5% margin

Net Income

$42M12.6% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

+1.5%

Cash Flow

Operating Cash Flow

$86M

Free Cash Flow

$84M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$3.4B

Total Liabilities

$2.4B

Stockholders' Equity

$1.0B

Cash & Equivalents

$72M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$335M	$307M	+9.3%
Gross Profit	$270M	$242M	+11.7%
Operating Income	$69M	$74M	-6.9%
Net Income	$42M	$53M	-20.2%

Revenue Segments

Subscriptions And Licenses

$315M28%

Subscription and Circulation

$303M27%

Enterprise License Subscriptions

$136M12%

Enterprise License Subscriptions, E365 Subscriptions

$133M12%

Term License Subscriptions

$103M9%

SELECT Subscriptions

$65M6%

Service

$21M2%

Professional Services, Other

$17M2%

Perpetual Licenses

$11M1%

Professional Services, Recurring

$3M0%

Geographic Segments

United States, Canada, And Latin America

$176M52%

EMEA

$95M28%

Asia Pacific

$64M19%