BSYBentley Systems, Incorporated

$11B

Q4 2021 Earnings

Technology Software - Application

Income Statement

Revenue

$272M+23.7% YoY

Gross Profit

$212M78.1% margin

Operating Income

$47M17.4% margin

Net Income

$41M15.2% margin

EPS (Diluted)

$0.12

QoQ Revenue Growth

+8.1%

Cash Flow

Operating Cash Flow

$81M

Free Cash Flow

$74M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$2.7B

Total Liabilities

$2.3B

Stockholders' Equity

$409M

Cash & Equivalents

$329M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$272M	$220M	+23.7%
Gross Profit	$212M	$169M	+25.5%
Operating Income	$47M	$54M	-13.1%
Net Income	$41M	$52M	-20.3%

Revenue Segments

Subscriptions And Licenses

$247M30%

Subscription and Circulation

$227M27%

Term License Subscriptions

$81M10%

Enterprise License Subscriptions

$76M9%

SELECT Subscriptions

$70M8%

Enterprise License Subscriptions, E365 Subscriptions

$61M7%

Service

$25M3%

Professional Services, Other

$20M2%

Perpetual Licenses

$20M2%

Professional Services, Recurring

$5M1%

Geographic Segments

United States, Canada, And Latin America

$135M50%

EMEA

$81M30%

Asia Pacific

$55M20%