Earnings summaries and quarterly performance for BENTLEY SYSTEMS.
Executive leadership at BENTLEY SYSTEMS.
Nicholas H. Cumins
Detailed
Chief Executive Officer
CEO
Brock Ballard
Detailed
Chief Revenue Officer
David R. Shaman
Detailed
Chief Legal Officer and Secretary
Gregory S. Bentley
Detailed
Executive Chairperson and President
James Lee
Detailed
Chief Operating Officer
Julien Moutte
Detailed
Chief Technology Officer
Werner Andre
Detailed
Chief Financial Officer
Board of directors at BENTLEY SYSTEMS.
Research analysts who have asked questions during BENTLEY SYSTEMS earnings calls.
Dylan Becker
William Blair
4 questions for BSY
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Jason Celino
KeyBanc Capital Markets
4 questions for BSY
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Kristen Owen
Oppenheimer & Co. Inc.
4 questions for BSY
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Matthew Hedberg
RBC Capital Markets
4 questions for BSY
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Jay Vleeschhouwer
Griffin Securities, Inc.
3 questions for BSY
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Joshua Tilton
Wolfe Research
3 questions for BSY
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Michael Funk
Bank of America
3 questions for BSY
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Alexei Gogolev
JPMorgan Chase & Co.
2 questions for BSY
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Blair Abernethy
Rosenblatt Securities Inc.
2 questions for BSY
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Joseph Vruwink
Baird
2 questions for BSY
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Sitikantha Panigrahi
Mizuho
2 questions for BSY
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Siti Panigrahi
Mizuho Securities
2 questions for BSY
Also covers: ADSK, CDNS, DAY +14 more
Taylor McGinnis
UBS
2 questions for BSY
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Clarke Jeffries
Piper Sandler & Co.
1 question for BSY
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Ivan Radojicic
Wolfe Research, LLC
1 question for BSY
Joe Vruwink
Baird
1 question for BSY
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Matt Bullock
Bank of America Merrill Lynch
1 question for BSY
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Matthew Martino
Goldman Sachs
1 question for BSY
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Warren Meyers
Griffin Securities
1 question for BSY
Recent press releases and 8-K filings for BSY.
Bentley Systems CEO Discusses Strategic Evolution, AI Focus, and Strong Outlook
BSY
Guidance Update
New Projects/Investments
M&A
- Bentley Systems' CEO, Nicholas Cumins, outlined the company's strategic evolution, emphasizing AI and organizational changes to consolidate product teams under the CTO and user-facing teams under the CRO.
- The company is positioned to benefit from strong global infrastructure investment, addressing the widening gap in engineering resources through software solutions.
- Bentley Systems maintains a resilient business model with over 92% recurring revenue and a long-term financial framework targeting low double-digit ARR growth and approximately 100 basis points of annual margin expansion.
- SMB growth is a key driver, contributing about 300 basis points to ARR from new logos, with over 600 new logos added for 15 consecutive quarters.
- The M&A strategy is now primarily focused on asset analytics startups, and the company is actively integrating AI capabilities across its design, construction, operations, and maintenance software to boost engineer productivity.
1 day ago
Bentley Systems CEO Discusses Strategic Priorities and 2026 Financial Outlook
BSY
Guidance Update
New Projects/Investments
M&A
- Bentley Systems maintains a long-term financial framework for 2026, projecting low double-digit ARR growth, approximately 100 basis points of annual margin expansion, and robust free cash flow generation.
- The company benefits from a strong demand environment in infrastructure, driven by global investments and a shortage of engineers, increasing the need for productivity software.
- New logos, primarily from SMBs, are a significant growth driver, contributing approximately 300 basis points to ARR growth and resulting in over 600 new logos added for 15 consecutive quarters.
- Bentley Systems is investing significantly in AI and asset analytics, aiming to enhance productivity in operations, maintenance, and design, and has shifted its primary M&A focus to asset analytics startups.
1 day ago
Bentley Systems Declares Q4 2025 Dividend and Extends Stock Repurchase Program
BSY
Dividends
Share Buyback
- Bentley Systems, Incorporated declared a $0.07 per share dividend for the fourth quarter of 2025.
- This dividend is payable on December 11, 2025, to stockholders of record as of December 4, 2025.
- The company's Board extended the BSY Stock Repurchase Program, authorizing the repurchase of up to $500 million of Class B common stock and convertible notes.
- The extended repurchase authorization is valid from November 21, 2025, through December 31, 2028, superseding the prior authorization that was set to expire on June 30, 2026.
Nov 21, 2025, 9:10 PM
Bentley Systems Highlights Stable Ownership, Predictable Growth, and Future AI-Driven Opportunities
BSY
New Projects/Investments
Revenue Acceleration/Inflection
M&A
- Executive Chair Greg Bentley remains deeply involved in capital allocation and strategy, with the Bentley family retaining majority ownership and no expected transition.
- The company's E365 Pure Consumption Program, comprising the majority of Annual Recurring Revenue (ARR), features multi-year contracts with ~10% annual escalated floors and ceilings, ensuring double-digit ARR growth for the mainstream business.
- Global demand for infrastructure engineering is robust, supported by increased government spending and a shortage of engineers. Significant growth opportunities exist in permitting reform, the fast-growing Power Line Systems and Seequent businesses, and the upcoming surface transportation funding bill.
- Bentley is integrating AI to optimize engineering designs and operations, with asset analytics (charging per asset) identified as a major future growth area and a priority for M&A.
- The company expects 100 basis points of annual margin expansion and has achieved over 14% compounded free cash flow per share growth since its IPO, with plans to continue this trend.
Nov 18, 2025, 3:40 PM
Bentley Systems Discusses Long-Term Strategy, Growth Drivers, and Capital Allocation
BSY
New Projects/Investments
M&A
Revenue Acceleration/Inflection
- Bentley Systems' Executive Chair, Greg Bentley, confirmed the Bentley family maintains majority ownership and is aligned with long-term investors, with holdings decreasing by about 1% per year since the IPO.
- The company expects continued double-digit ARR growth, supported by the E365 Pure Consumption Program, where multi-year contracts include escalated floors and ceilings averaging 10% annual increases. An additional 3% ARR growth is driven by SMB and new prospects.
- Bentley Systems is focused on asset analytics as a key growth driver for 2026 and beyond, charging per asset and prioritizing acquisitions in this space. This "per asset business is our destiny".
- The company anticipates 100 basis points of margin expansion annually and has compounded free cash flow per share at over 14% for the past five years, with expectations to increase this next year by reducing share count.
Nov 18, 2025, 3:40 PM
Bentley Systems Reports Strong Q3 2025 Results, Driven by AI Innovation and Robust Market Demand
BSY
Earnings
Guidance Update
New Projects/Investments
- Bentley Systems reported Q3 2025 total revenues of $376 million, a 12% year-over-year increase on a reported basis, and achieved 10.5% year-over-year constant currency Annual Recurring Revenue (ARR) growth, reaching $1.405 billion.
- The company is on track to meet its full-year financial targets, including an adjusted operating income less stock-based compensation target margin of approximately 28.5% and free cash flow between $430-$470 million.
- Strategic initiatives are heavily focused on Artificial Intelligence (AI), with new AI-powered applications and an Infrastructure AI Co-Innovation Initiative launched to address the growing demand for AI in infrastructure engineering.
- Capital allocation for the year-to-date included fully paying down $135 million in senior debt and $93 million in share repurchases, resulting in a reduced net debt leverage of 2.2 times adjusted EBITDA.
Nov 5, 2025, 1:15 PM
Bentley Systems Reports Q3 2025 Financial Results and AI Strategy Updates
BSY
Earnings
Product Launch
New Projects/Investments
- For Q3 2025, total revenues were $376 million, an increase of 12% year-over-year on a reported basis, with subscription revenues growing 14% year-over-year. Annual Recurring Revenue (ARR) reached $1,405 million at quarter-end spot rates, reflecting a 10.5% year-over-year constant currency growth rate.
- Adjusted operating income less stock-based compensation expense was $104 million for the quarter, achieving a 27.7% margin, which is up 100 basis points year-over-year. Free cash flow for the quarter was $111 million.
- The company noted that customers are making substantial investments in AI, with a median reported AI implementation spending of 19 basis points of gross revenue today, projected to increase to 71 basis points over the next three years. Bentley Systems launched Connect, a new foundational layer for Bentley Infrastructure Cloud, and introduced AI-powered applications such as OpenSite+, Substation+, and Synchro+, all featuring Bentley Copilot.
- Management is confident in achieving full-year financial targets, anticipating Q3 2025 to be the lowest point for ARR growth for the year, with higher year-over-year ARR growth expected in Q4 2025. Year-to-date, the company fully paid down its senior debt with $135 million, deployed $93 million in share repurchases, and $64 million on dividends.
Nov 5, 2025, 1:15 PM
Bentley Systems Reports Strong Q3 2025 Results and Advances Infrastructure AI
BSY
Earnings
Guidance Update
New Projects/Investments
- Bentley Systems reported total revenue of $376 million for Q3 2025, marking a 12% year-over-year increase, and year-to-date total revenue of $1,110 million, up 11%. Subscriptions revenue for Q3 2025 was $344 million, growing 14% year-over-year.
- Profitability also saw growth, with GAAP operating income reaching $84 million in Q3 2025, an 18% increase, and AOI less SBC of $104 million, up 13%, resulting in an AOI less SBC margin of 27.7%.
- The company's Annualized Recurring Revenues (ARR) stood at $1,405 million as of September 30, 2025, with a constant currency ARR growth rate of 10.5% for Q3 2025. Last Twelve Months (LTM) Free Cash Flow was $460 million.
- For the full year 2025, Bentley Systems projects total revenues between $1,461 million and $1,490 million and Free Cash Flows between $430 million and $470 million.
- Bentley Systems is actively advancing in Artificial Intelligence, having unveiled new infrastructure AI capabilities and a co-innovation initiative, with a global survey indicating that about half of infrastructure professionals are piloting or have implemented AI.
Nov 5, 2025, 1:15 PM
Bentley Systems Announces Third Quarter 2025 Results
BSY
Earnings
Revenue Acceleration/Inflection
Share Buyback
- Bentley Systems reported total revenues of $375.5 million for Q3 2025, an increase of 12.0% year-over-year, with subscriptions revenues growing 13.5% to $344.3 million.
- Annualized Recurring Revenues (ARR) reached $1,405.2 million as of September 30, 2025, demonstrating a constant currency growth rate of 10.5%.
- Net income per diluted share for Q3 2025 was $0.18, and Adjusted EPS was $0.27.
- The company generated cash flows from operations of $116.4 million and free cash flow of $110.7 million in Q3 2025.
- Management emphasized strong execution, robust demand for infrastructure engineering, and advancements in Infrastructure AI, with the CFO noting capacity for stock repurchases and potential acquisitions.
Nov 5, 2025, 12:04 PM
Bentley Systems Reports Strong Q2 2025 Results and Raises Free Cash Flow Outlook
BSY
Earnings
Guidance Update
New Projects/Investments
- Bentley Systems reported strong Q2 2025 financial results, with total revenues of $364 million, a 10% year-over-year increase, and Annual Recurring Revenue (ARR) reaching $1.379 billion.
- The company raised its full-year 2025 free cash flow outlook to a range of $430 million to $470 million from the previous $415 million to $455 million, primarily due to cash tax benefits.
- Operational highlights include subscription revenues, which represent 92% of total revenues, growing 12% year-over-year, supported by strong E365 renewals and the addition of over 600 new SMB logos for the 14th consecutive quarter.
- Strategic focus areas include significant investments in AI and the integration of the Cesium acquisition, aiming to enhance productivity for infrastructure engineers amidst a talent shortage.
- Bentley Systems actively managed its capital, fully paying down $135 million in senior debt and deploying $75 million in share repurchases to offset dilution from stock-based compensation during the first half of the year.
Aug 6, 2025, 4:40 PM
Quarterly earnings call transcripts for BENTLEY SYSTEMS.
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