7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 
      
    		                     
      revenues:
    		                     
      subscriptions
    		344,293,000 333,452,000 342,318,000 315,590,000 303,239,000 297,444,000 307,089,000 272,468,000 270,751,000 259,243,000 277,845,000 251,489,000 235,307,000 232,191,000 241,233,000 227,003,000 212,227,000 185,452,000 188,125,000 178,262,000 173,174,000 
      perpetual licenses
    		10,913,000 10,193,000 10,792,000 14,312,000 11,274,000 10,863,000 9,512,000 12,886,000 11,887,000 11,718,000 9,547,000 12,164,000 9,460,000 11,548,000 10,205,000 19,707,000 11,866,000 11,391,000 10,116,000 21,362,000 12,827,000 
      subscriptions and licenses
    		355,206,000 343,645,000 353,110,000 329,902,000 314,513,000 308,307,000 316,601,000 285,354,000 282,638,000 270,961,000 287,392,000 263,653,000 244,767,000 243,739,000 251,438,000 246,710,000 224,093,000 196,843,000 198,241,000 199,624,000 186,001,000 
      services
    		20,343,000 20,461,000 17,432,000 19,920,000 20,660,000 22,030,000 21,162,000 25,287,000 23,974,000 25,788,000 27,019,000 23,295,000 23,565,000 24,546,000 24,079,000 24,920,000 24,387,000 26,088,000 23,764,000 19,943,000 16,996,000 
      total revenues
    		375,549,000 364,106,000 370,542,000 349,822,000 335,173,000 330,337,000 337,763,000 310,641,000 306,612,000 296,749,000 314,411,000 286,948,000 268,332,000 268,285,000 275,517,000 271,630,000 248,480,000 222,931,000 222,005,000 219,567,000 202,997,000 
      cost of revenues:
    		                     
      cost of subscriptions and licenses
    		53,824,000 47,758,000 46,498,000 46,470,000 44,220,000 42,432,000 40,218,000 45,231,000 42,088,000 41,156,000 40,931,000 39,674,000 37,371,000 36,806,000 33,727,000 34,439,000 31,056,000 29,881,000 28,945,000 29,337,000 23,338,000 
      cost of services
    		18,371,000 21,018,000 19,161,000 21,442,000 20,612,000 20,761,000 21,612,000 22,566,000 22,588,000 25,270,000 26,253,000 22,677,000 21,812,000 22,888,000 22,058,000 25,128,000 23,176,000 23,570,000 20,344,000 21,226,000 19,290,000 
      total cost of revenues
    		72,195,000 68,776,000 65,659,000 67,912,000 64,832,000 63,193,000 61,830,000 67,797,000 64,676,000 66,426,000 67,184,000 62,351,000 59,183,000 59,694,000 55,785,000 59,567,000 54,232,000 53,451,000 49,289,000 50,563,000 42,628,000 
      gross profit
    		303,354,000 295,330,000 304,883,000 281,910,000 270,341,000 267,144,000 275,933,000 242,844,000 241,936,000 230,323,000 247,227,000 224,597,000 209,149,000 208,591,000 219,732,000 212,063,000 194,248,000 169,480,000 172,716,000 169,004,000 160,369,000 
      yoy
    		12.21% 10.55% 10.49% 16.09% 11.74% 15.99% 11.61% 8.12% 15.68% 10.42% 12.51% 5.91% 7.67% 23.08% 27.22% 25.48% 21.13%     
      qoq
    		2.72% -3.13% 8.15% 4.28% 1.20% -3.19% 13.63% 0.38% 5.04% -6.84% 10.08% 7.39% 0.27% -5.07% 3.62% 9.17% 14.61% -1.87% 2.20% 5.38%  
      gross margin %
    		                     
      operating expenses:
    		                     
      research and development
    		78,751,000 75,385,000 72,450,000 77,099,000 70,068,000 65,709,000 68,371,000 71,237,000 65,465,000 70,117,000 67,800,000 67,890,000 63,827,000 64,866,000 61,273,000 63,002,000 57,334,000 52,776,000 47,803,000 45,945,000 50,217,000 
      selling and marketing
    		72,107,000 69,873,000 63,059,000 78,722,000 64,940,000 57,129,000 54,386,000 64,074,000 53,757,000 54,364,000 52,141,000 53,946,000 46,114,000 49,617,000 45,945,000 47,394,000 44,392,000 38,014,000 32,440,000 36,240,000 41,824,000 
      general and administrative
    		53,818,000 49,857,000 47,228,000 57,679,000 51,359,000 54,854,000 46,482,000 51,995,000 42,678,000 39,258,000 46,807,000 45,666,000 37,794,000 40,033,000 51,154,000 39,883,000 35,329,000 41,878,000 33,388,000 28,176,000 33,006,000 
      deferred compensation plan
    		6,033,000 7,584,000 -1,246,000 -1,283,000 6,983,000 883,000 5,799,000 8,817,000 -3,160,000 3,777,000 4,146,000 6,091,000 -4,576,000 -12,159,000 -5,138,000 5,719,000 88,965,000     
      amortization of purchased intangibles
    		8,148,000 8,201,000 8,208,000 8,281,000 8,361,000 8,392,000 8,964,000 8,948,000 9,517,000 9,502,000 10,548,000 10,245,000 10,446,000 10,517,000 9,906,000 8,898,000 8,676,000 4,589,000 3,438,000 4,368,000 3,869,000 
      total operating expenses
    		218,857,000 210,900,000 189,699,000 220,498,000 201,711,000 186,967,000 184,002,000 205,071,000 168,257,000 177,018,000 181,442,000 183,838,000 153,605,000 152,874,000 163,140,000 164,896,000 234,696,000 137,257,000 117,069,000 114,729,000 155,046,000 
      income from operations
    		84,497,000 84,430,000 115,184,000 61,412,000 68,630,000 80,177,000 91,931,000 37,773,000 73,679,000 53,305,000 65,785,000 40,759,000 55,544,000 55,717,000 56,592,000 47,167,000 -40,448,000 32,223,000 55,647,000 54,275,000 5,323,000 
      yoy
    		23.12% 5.30% 25.29% 62.58% -6.85% 50.41% 39.74% -7.33% 32.65% -4.33% 16.24% -13.59% -237.32% 72.91% 1.70% -13.10% -859.87%     
      qoq
    		0.08% -26.70% 87.56% -10.52% -14.40% -12.79% 143.38% -48.73% 38.22% -18.97% 61.40% -26.62% -0.31% -1.55% 19.98% -216.61% -225.53% -42.09% 2.53% 919.63%  
      operating margin %
    		                     
      interest expense
    		-2,727,000 -3,519,000 -3,808,000 -5,755,000 -4,669,000 -5,100,000 -6,520,000 -9,170,000 -10,047,000 -9,484,000 -11,092,000 -11,589,000 -8,382,000 -7,622,000 -7,042,000 -3,883,000 -3,836,000 -2,453,000 -2,319,000 -3,026,000 -1,934,000 
      other income
    		1,937,000 -1,596,000 449,000 8,619,000 -5,087,000 2,280,000 7,137,000 -14,429,000 5,953,000 965,000 289,000 9,980,000 180,000 3,497,000 10,641,000 1,483,000 -957,000 -3,777,000 14,482,000 18,190,000 13,741,000 
      income before income taxes
    		83,707,000 79,315,000 111,825,000 64,276,000 58,874,000 77,357,000 92,548,000 14,174,000 69,585,000 44,786,000 54,982,000 39,150,000 47,342,000 51,592,000 60,191,000 44,767,000 -45,241,000 25,993,000 67,810,000 69,439,000 17,130,000 
      benefit from income taxes
    		-26,256,000 -8,876,000 -20,488,000 -11,024,750 -16,522,000  -22,247,000 -5,526,750 -16,514,000  -9,492,000    -3,231,000    -10,358,000 -5,536,250 -10,705,000 
      equity in net (losses) income of investees, net of tax
    		-162,000   3,500 -14,000                 
      net income
    		57,289,000 70,500,000 91,338,000 49,739,000 42,338,000 72,046,000 70,310,000 179,585,000 53,027,000 48,685,000 45,490,000 25,722,000 36,997,000 55,673,000 56,388,000 41,404,000 -50,128,000 44,910,000 57,006,000 51,932,000 5,844,000 
      yoy
    		35.31% -2.15% 29.91% -72.30% -20.16% 47.98% 54.56% 598.18% 43.33% -12.55% -19.33% -37.88% -173.81% 23.97% -1.08% -20.27% -957.77%     
      qoq
    		-18.74% -22.81% 83.63% 17.48% -41.23% 2.47% -60.85% 238.67% 8.92% 7.02% 76.85% -30.48% -33.55% -1.27% 36.19% -182.60% -211.62% -21.22% 9.77% 788.64%  
      net income margin %
    		                     
      less: net income attributable to noncontrolling interest
    		-84,000 18,000 -30,000                   
      net income attributable to bentley systems
    		57,373,000 70,482,000 91,368,000                   
      net income per share
    		   0.148 0.13 0.23 0.22 0.58 0.17 0.16 0.15 0.09 0.12 0.18 0.18 0.13 -0.16 0.15 0.19 0.18 0.02 
      basic
    		0.18 0.22 0.29                   
      diluted
    		0.18 0.22 0.28                   
      weighted-average shares:
    		                     
      basic
    		314,626,191 314,622,491 315,130,071 314,886,615                  
      diluted
    		333,277,478 332,824,020 333,441,006 333,774,167                  
      equity in net income of investees, net of tax
    		 61,000 1,000   19,000 9,000               
      operating income:
    		                     
      per share information:
    		                     
      net income per share
    		   0.148 0.13 0.23 0.22 0.58 0.17 0.16 0.15 0.09 0.12 0.18 0.18 0.13 -0.16 0.15 0.19 0.18 0.02 
      weighted-average shares, basic
    		    315,207,216 314,980,580 314,295,102 312,358,823 313,069,132 311,914,602 310,758,802 309,226,677 310,116,104 308,244,778 307,969,672 305,711,345 308,195,379 304,066,038 302,583,452   
      weighted-average shares, diluted
    		    333,789,636 333,780,984 333,623,518 332,503,633 332,825,186 332,352,725 331,251,884 331,765,158 325,170,383 332,275,216 331,330,256 314,610,814 308,195,379 324,478,086 321,736,649   
      benefit for income taxes
    		     -5,330,000    3,899,000  -13,062,000 -9,664,000 4,674,000  -2,717,000 -4,223,000 20,746,000    
      income from investments accounted for using the equity method, net of tax
    		       -11,000 -44,000             
      income from investment accounted for using the equity method, net of tax
    		           -461,500 -681,000 -593,000 -572,000 -646,000 -664,000 -1,829,000 -446,000 -1,027,000 -581,000 
      less: net income attributable to participating securities
    		           -11,000 -11,000 -11,000 -9,000 -3,000 -3,000 -3,000  -230,000 -4,000 
      net income attributable to class a and class b common stockholders
    		           25,711,000 36,986,000 55,662,000 56,379,000 41,401,000 -50,131,000 44,907,000 57,006,000 51,702,000 5,840,000 
      expenses associated with initial public offering
    		                    26,130,000 
      weighted-average shares outstanding, basic
    		                   289,863,272 289,318,391 
      weighted-average shares outstanding, diluted
    		                   299,371,129 299,634,961 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.