BENTLEY SYSTEMS INC BSY

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

Bentley Systems is the infrastructure engineering software company.

Our purpose is to advance the world's infrastructure for better quality of life. Our mission is to reshape how infrastructure systems and critical resources are delivered and optimized.

Our enduring commitment is to develop and support the most comprehensive portfolio of integrated software offerings across disciplines, sectors, geographies, and the infrastructure lifecycle, enabling digital workflows that improve project delivery and asset performance.

Our users design, build, and operate infrastructure assets for the following sectors:

Last close 39.70 2026-10-23
Market cap $12.38B estimated share count
52-week range 28.08 - 52.24

Valuation FY2025 figures against the last close

P/S8.2x
P/E46.7x
P/FCF23.8x
EV/EBITDA37.2x
Dividend yield0.7%
Diluted EPS0.85

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $1.50B$1.35B$1.23B$1.10B$965.0M$801.5M$736.7M$691.7M—
Cost of revenue $277.5M$257.8M$266.1M$237.0M$216.5M$167.2M$144.2M$131.3M—
Gross profit $1.22B$1.10B$962.3M$862.1M$748.5M$634.4M$592.5M$560.4M—
R&D $307.6M$281.2M$274.6M$257.9M$220.9M$185.5M$183.6M$175.0M—
SG&A $217.3M$210.4M$180.7M$174.6M$150.1M$113.3M$97.2M$89.3M—
Total operating expenses $861.6M$793.2M$731.8M$653.5M$653.9M$484.2M$450.6M$439.0M—
Operating income $362.6M$302.1M$230.5M$208.6M$94.6M$150.2M$141.9M$121.4M—
Interest expense ———$35.1M$11.5M$7.2M$9.7M$9.6M—
Pre-tax income $350.7M$293.1M$183.5M$198.3M$93.3M$167.6M$128.1M$112.9M—
Income tax $73.0M$58.7M$143.2M$21.3M$3.4M$38.6M$23.7M$29.2M—
Net income $277.9M$234.8M$326.8M$174.8M$93.2M$126.5M$103.1M$142.1M—
EPS, basic 0.880.751.050.570.300.440.360.50—
EPS, diluted 0.850.721.000.550.300.420.350.49—
Shares, diluted (wtd. avg.) 333.1M333.8M332.5M331.8M314.6M299.4M293.8M292.6M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $123.3M$64.0M$68.4M$71.7M$329.3M$122.0M$121.1M$81.2M$134.5M
Total current assets $539.0M$442.1M$419.6M$415.9M$615.8M$340.3M$353.6M——
Goodwill $2.48B$2.37B$2.27B$2.24B$1.59B$581.2M$480.1M$446.3M—
Other intangibles $193.0M$214.0M$248.8M$292.3M$245.8M$45.6M$46.3M——
Total assets $3.56B$3.40B$3.32B$3.17B$2.66B$1.13B$994.6M——
Accounts payable $27.0M$16.5M$18.1M$15.2M$16.5M$16.5M$17.7M——
Short-term debt $0$0$10.0M$5.0M$5.0M$0———
Total current liabilities $960.2M$814.3M$760.4M$628.4M$593.9M$465.6M$392.4M——
Long-term debt $1.25B$1.39B$1.52B$1.78B$1.43B$246.0M$233.8M——
Total liabilities $2.37B$2.36B$2.44B$2.59B$2.25B$784.4M$660.0M——
Retained earnings -$40.3M-$75.9M-$161.9M-$370.9M-$439.6M-$376.0M-$52.7M——
Total equity $1.19B$1.04B$884.0M$573.5M$409.2M$341.6M$334.6M$147.4M$52.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $538.5M$435.3M$416.7M$274.3M$288.0M$258.3M$170.8M$161.5M—
Depreciation and amortisation ———$71.5M$52.8M$36.1M$32.2M$29.2M—
Stock-based compensation $72.6M$74.4M$73.0M$75.2M$49.0M$32.1M$8.1M$7.9M—
Capital expenditure $18.3M$14.0M$25.0M$18.5M$17.5M$16.4M$16.6M$18.6M—
Investing cash flow -$112.3M-$143.3M-$60.5M-$770.1M-$1.06B-$117.3M-$53.7M-$154.8M—
Financing cash flow -$376.3M-$289.9M-$359.1M$243.0M$982.6M-$136.5M-$77.0M-$58.8M—
Dividends paid $85.0M$72.1M$58.8M$34.5M$33.4M$422.6M$25.0M$20.1M—
Buybacks $125.1M$64.4M$0$28.2M$0$0$24.2M$46.5M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-042019.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B 2B Revenue, FY2018: 691.7M Gross profit, FY2018: 560.4M Net income, FY2018: 142.1M Revenue, FY2019: 736.7M Gross profit, FY2019: 592.5M Net income, FY2019: 103.1M Revenue, FY2020: 801.5M Gross profit, FY2020: 634.4M Net income, FY2020: 126.5M Revenue, FY2021: 965M Gross profit, FY2021: 748.5M Net income, FY2021: 93.2M Revenue, FY2022: 1.1B Gross profit, FY2022: 862.1M Net income, FY2022: 174.8M Revenue, FY2023: 1.2B Gross profit, FY2023: 962.3M Net income, FY2023: 326.8M Revenue, FY2024: 1.4B Gross profit, FY2024: 1.1B Net income, FY2024: 234.8M Revenue, FY2025: 1.5B Gross profit, FY2025: 1.2B Net income, FY2025: 277.9M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $691.7M $736.7M $801.5M $965.0M $1.10B $1.23B $1.35B $1.50B
Gross profit — $560.4M $592.5M $634.4M $748.5M $862.1M $962.3M $1.10B $1.22B
Net income — $142.1M $103.1M $126.5M $93.2M $174.8M $326.8M $234.8M $277.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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