BSYBentley Systems, Incorporated

$11B

Q3 2025 Earnings

Technology Software - Application

Income Statement

Revenue

$376M+12.0% YoY

Gross Profit

$303M80.8% margin

Operating Income

$84M22.5% margin

Net Income

$57M15.3% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

+3.1%

Cash Flow

Operating Cash Flow

$116M

Free Cash Flow

$111M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$3.5B

Total Liabilities

$2.3B

Stockholders' Equity

$1.2B

Cash & Equivalents

$165M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$376M	$335M	+12.0%
Gross Profit	$303M	$270M	+12.2%
Operating Income	$84M	$69M	+23.1%
Net Income	$57M	$42M	+35.5%

Revenue Segments

Subscriptions And Licenses

$355M28%

Subscription and Circulation

$344M27%

Enterprise License Subscriptions

$158M13%

Enterprise License Subscriptions, E365 Subscriptions

$157M13%

Term License Subscriptions

$120M10%

SELECT Subscriptions

$67M5%

Service

$20M2%

Professional Services, Other

$17M1%

Perpetual Licenses

$11M1%

Professional Services, Recurring

$4M0%

Geographic Segments

United States, Canada, And Latin America

$196M52%

EMEA

$108M29%

Asia Pacific

$71M19%