BSYBentley Systems, Incorporated

$11B

Q4 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$311M+8.3% YoY

Gross Profit

$243M78.2% margin

Operating Income

$38M12.2% margin

Net Income

$180M57.8% margin

EPS (Diluted)

$0.54

QoQ Revenue Growth

+1.3%

Cash Flow

Operating Cash Flow

$87M

Free Cash Flow

$81M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$3.3B

Total Liabilities

$2.4B

Stockholders' Equity

$883M

Cash & Equivalents

$68M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$311M	$287M	+8.3%
Gross Profit	$243M	$225M	+8.1%
Operating Income	$38M	$41M	-7.3%
Net Income	$180M	$26M	+598.2%

Revenue Segments

Subscriptions And Licenses

$285M28%

Subscription and Circulation

$272M27%

Enterprise License Subscriptions

$114M11%

Enterprise License Subscriptions, E365 Subscriptions

$110M11%

Term License Subscriptions

$91M9%

SELECT Subscriptions

$67M7%

Service

$25M3%

Professional Services, Other

$22M2%

Perpetual Licenses

$13M1%

Professional Services, Recurring

$4M0%

Geographic Segments

United States, Canada, And Latin America

$161M52%

EMEA

$90M29%

Asia Pacific

$59M19%