BSYBentley Systems, Incorporated

$11B

Q4 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$350M+12.6% YoY

Gross Profit

$282M80.6% margin

Operating Income

$61M17.6% margin

Net Income

$50M14.3% margin

EPS (Diluted)

$0.16

QoQ Revenue Growth

+4.4%

Cash Flow

Operating Cash Flow

$82M

Free Cash Flow

$76M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$3.4B

Total Liabilities

$2.4B

Stockholders' Equity

$1.0B

Cash & Equivalents

$64M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$350M	$311M	+12.6%
Gross Profit	$282M	$243M	+16.1%
Operating Income	$61M	$38M	+62.6%
Net Income	$50M	$180M	-72.1%

Revenue Segments

Subscriptions And Licenses

$638M29%

Subscription and Circulation

$613M27%

Enterprise License Subscriptions

$267M12%

Enterprise License Subscriptions, E365 Subscriptions

$262M12%

Term License Subscriptions

$216M10%

SELECT Subscriptions

$130M6%

Service

$42M2%

Professional Services, Other

$35M2%

Perpetual Licenses

$25M1%

Professional Services, Recurring

$7M0%

Geographic Segments

United States, Canada, And Latin America

$181M52%

EMEA

$102M29%

Asia Pacific

$66M19%