BSYBentley Systems, Incorporated

$11B

Q4 2022 Earnings

Technology Software - Application

Income Statement

Revenue

$287M+5.6% YoY

Gross Profit

$225M78.3% margin

Operating Income

$41M14.2% margin

Net Income

$26M9.0% margin

EPS (Diluted)

$0.08

QoQ Revenue Growth

+6.9%

Cash Flow

Operating Cash Flow

$36M

Free Cash Flow

$31M

Stock-Based Comp.

$24M

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$2.6B

Stockholders' Equity

$573M

Cash & Equivalents

$72M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$287M	$272M	+5.6%
Gross Profit	$225M	$212M	+5.9%
Operating Income	$41M	$47M	-13.6%
Net Income	$26M	$41M	-37.9%

Revenue Segments

Subscriptions And Licenses

$264M29%

Subscription and Circulation

$251M28%

Enterprise License Subscriptions

$93M10%

Term License Subscriptions

$91M10%

Enterprise License Subscriptions, E365 Subscriptions

$85M9%

SELECT Subscriptions

$68M7%

Service

$23M3%

Professional Services, Other

$19M2%

Perpetual Licenses

$12M1%

Professional Services, Recurring

$4M0%

Geographic Segments

United States, Canada, And Latin America

$145M50%

EMEA

$85M30%

Asia Pacific

$57M20%