Inferra AI / Company / BSY

Bentley Systems Inc.

BSY · Information Technology

Last earnings Aug 6, 2026

Key results

Total revenuequarter

$364.1 million

Total revenues were $364.1 million, up 10.2% or 9.2% on a constant currency basis, year-over-year

SEC original ↗Bentley Systems Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Growthquarter

up 10.2%

Total revenues were $364.1 million, up 10.2% or 9.2% on a constant currency basis, year-over-year

SEC original ↗Bentley Systems Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Subscriptions revenuequarter

$333.5 million

Subscriptions revenues were $333.5 million, up 12.1% or 11.2% on a constant currency basis, year-over-year Annualized Recurring Revenues ( ARR ) were $1,379.2 million as of June 30, 2025, compared to $1,215.9 million as of June 30, 2024

SEC original ↗Bentley Systems Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Annualized Recurring revenuequarter

$1,379.2 million

Subscriptions revenues were $333.5 million, up 12.1% or 11.2% on a constant currency basis, year-over-year Annualized Recurring Revenues ( ARR ) were $1,379.2 million as of June 30, 2025, compared to $1,215.9 million as of June 30, 2024

SEC original ↗Bentley Systems Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Free cash flowquarter

$57.0 million

Free cash flow was $57.0 million, compared to $59.5 million for the same period last year.

SEC original ↗Bentley Systems Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Total revenues were $734.6 million, up 10.0% or 10.1% on a constant currency basis, year-over-year

SEC original ↗Bentley Systems Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Operating incomequarter

27.2%

Subscriptions revenues were $675.8 million, up 11.8% or 11.9% on a constant currency basis, year-over-year Operating income margin was 27.2%, compared to 25.8% for the same period last year AOI less SBC margin was 31.5%, compared to 31.1% for the same period last year Net income per diluted share was $0.50

SEC original ↗Bentley Systems Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Free cash flow was $273.4 million, compared to $260.9 million for the same period last year.

SEC original ↗Bentley Systems Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Adjusted net incomequarter

$ 105,478

net income of investees, net of tax (61) (19) (62) (28) Adjusted net income (2) $ 105,478 $

SEC original ↗Bentley Systems Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

AI analysis

Q2 2025 · reported Aug 6, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Total revenue · Q2 2025
$364.1M
EX-99 · Aug 6, 2025
Free cash flow · Q2 2025
$57.0M
-4.2% -$2M vs year ago computed from stated figures
EX-99 · Aug 6, 2025
Subscriptions revenue · Q2 2025
$333.5M
EX-99 · Aug 6, 2025
Annualized Recurring revenue · Q2 2025
$1,379.2M
EX-99 · Aug 6, 2025

The quarter in charts

Segment mix

Business-unit revenue, as stated

00.511.5$1,379.2MAnnualized Recurring$333.5MSubscriptions

Segment revenue figures as stated in the event record.

Headline figures

MetricQ2 2025Prior qtrYear ago
Total revenue$364.1 million——
Growthup 10.2%——
Subscriptions revenue$333.5 million——
Annualized Recurring revenue$1,379.2 million——
Free cash flow$57.0 million—$59.5 million
Operating income27.2%—25.8%
Adjusted net income$ 105,478——

EX-99 · Aug 6, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Cash flow & capex

Free cash flow$57.0M

Capital allocation

Our balance sheet strength and projected cash flow generation provide sufficient capacity to repurchase shares to offset dilution from stock-based compensation, maintain our dividend, fund potential acquisitions, and to refinance next year s maturing convertible debt if needed all while supporting long-term growth.

As of June 30, 2026 and December 31, 2025, the Company had $ 1,203,944 and $ 1,299,850 , respectively, available under the Credit Facility.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Executive Chair Greg Bentley said, BSY s continued excellent operational and financial results through 25Q2 track consistently toward our outlook range for 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Our balance sheet strength and projected cash flow generation provide sufficient capacity to repurchase shares to offset dilution from stock-based compensation, maintain our dividend, fund potential acquisitions, and to refinance next year s maturing convertible debt if needed all while supporting long-term growth.

SEC original ↗Bentley Systems Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

As of June 30, 2026 and December 31, 2025, the Company had $ 1,203,944 and $ 1,299,850 , respectively, available under the Credit Facility.

SEC original ↗Bentley Systems Inc. — 10-Q Quarterly report10-QAug 6, 2026

On April 23, 2026, the Company entered into a First Amendment and Incremental Facility Agreement to the Credit Facility with a syndicate of banks (the First Amendment ), which provided for a new $ 550,000 senior secured term loan (the Term Loan ).

SEC original ↗Bentley Systems Inc. — 10-Q Quarterly report10-QAug 6, 2026

The maturity date of the Term Loan is October 18, 2029, subject to a incremental term maturity date on the date that is 91 days prior to the maturity date of the Company s outstanding convertible debt, unless on such date the Company meets certain liquidity requirements.

SEC original ↗Bentley Systems Inc. — 10-Q Quarterly report10-QAug 6, 2026

Voluntary prepayments under the Term Loan are permitted at any time without payment of any prepayment premiums.

SEC original ↗Bentley Systems Inc. — 10-Q Quarterly report10-QAug 6, 2026

The Term Loan is subject to quarterly amortization equal to 1.25 % of the initial aggregate principal amount of the Term Loan, on the last business day of each fiscal quarter of the Company commencing on June 30, 2027.

SEC original ↗Bentley Systems Inc. — 10-Q Quarterly report10-QAug 6, 2026

Strategy & priorities

Forward-Looking Statements This press release includes forward-looking statements regarding the future results of operations and financial condition, business strategy, and plans and objectives for future operations of Bentley Systems, Incorporated (the Company, we, us, and words of similar import).

SEC original ↗Bentley Systems Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

We have based these forward-looking statements largely on our current expectations, projections, and assumptions about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs.

SEC original ↗Bentley Systems Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

All statements contained in this Quarterly Report on Form 10 Q other than statements of historical facts, including statements regarding our future results of operations and financial condition, our business strategy, and plans and our objectives for future operations, are forward looking statements.

SEC original ↗Bentley Systems Inc. — 10-Q Quarterly report10-QAug 6, 2026

We have based these forward looking statements largely on our current expectations, projections, and assumptions about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short term and long term business operations and objectives, and financial needs.

SEC original ↗Bentley Systems Inc. — 10-Q Quarterly report10-QAug 6, 2026

Risks & headwinds

CEO Nicholas Cumins said, We delivered another strong quarter despite ongoing global uncertainties.

SEC original ↗Bentley Systems Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Legal Proceedings 47 Item 1A.

SEC original ↗Bentley Systems Inc. — 10-Q Quarterly report10-QAug 6, 2026

These forward looking statements are subject to a number of risks, uncertainties, and assumptions, including those described in the section titled Risk Factors.

SEC original ↗Bentley Systems Inc. — 10-Q Quarterly report10-QAug 6, 2026

In light of these risks, uncertainties, and assumptions, the future events and trends discussed in this Quarterly Report on Form 10 Q may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward looking statements.

SEC original ↗Bentley Systems Inc. — 10-Q Quarterly report10-QAug 6, 2026

The forward looking statements, as well as our Quarterly Report on Form 10 Q as a whole, are subject to risks and uncertainties.

SEC original ↗Bentley Systems Inc. — 10-Q Quarterly report10-QAug 6, 2026

These statements are only current predictions and are subject to known and unknown risks, uncertainties, and other factors that may cause our or our industry s actual results, levels of activity, performance, or achievements to be materially different from those anticipated by the forward looking statements.

SEC original ↗Bentley Systems Inc. — 10-Q Quarterly report10-QAug 6, 2026

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Documents

Filings

36 documents

Earnings releases

14 documents

Presentations

0 documents

No presentations for Bentley Systems Inc. are held in this edition of the library.

Transcripts

0 documents

No transcripts for Bentley Systems Inc. are held in this edition of the library.

Mentioned by

9 companies

Other tracked companies whose held documents mention Bentley Systems Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.