BENTLEY SYSTEMS INC
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
BSY$45.40+1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations F-
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| Subscriptions | $1,223,362 | $1,080,307 | $960,220 |
| Perpetual licenses | 45,961 | 46,038 | 43,377 |
| Subscriptions and licenses | 1,269,323 | 1,126,345 | 1,003,597 |
| Services | 83,772 | 102,068 | 95,485 |
| Total revenues | 1,353,095 | 1,228,413 | 1,099,082 |
| Cost of revenues: | |||
| Cost of subscriptions and licenses | 173,340 | 169,406 | 147,578 |
| Cost of services | 84,427 | 96,677 | 89,435 |
| Total cost of revenues | 257,767 | 266,083 | 237,013 |
| Gross profit | 1,095,328 | 962,330 | 862,069 |
| Operating expense (income): | |||
| Research and development | 281,247 | 274,619 | 257,856 |
| Selling and marketing | 255,177 | 224,336 | 195,622 |
| General and administrative | 210,374 | 180,738 | 174,647 |
| Deferred compensation plan | 12,382 | 13,580 | (15,782) |
| Amortization of purchased intangibles | 33,998 | 38,515 | 41,114 |
| Total operating expenses | 793,178 | 731,788 | 653,457 |
| Income from operations | 302,150 | 230,542 | 208,612 |
| Interest expense, net | (22,044) | (39,793) | (34,635) |
| Other income (expense), net | 12,949 | (7,222) | 24,298 |
| Income before income taxes | 293,055 | 183,527 | 198,275 |
| (Provision) benefit for income taxes | (58,726) | 143,241 | (21,283) |
| Equity in net income (losses) of investees, net of tax | 104 | 19 | (2,212) |
| Net income | 234,433 | 326,787 | 174,780 |
| Less: Net income (loss) attributable to noncontrolling interest | (354) | — | — |
| Net income attributable to Bentley Systems | $234,787 | $326,787 | $174,780 |
| Net income per share attributable to Bentley Systems stockholders: | |||
| Basic | $0.75 | $1.05 | $0.57 |
| Diluted | $0.72 | $1.00 | $0.55 |
| Weighted average shares: | |||
| Basic | 314,886,615 | 312,358,823 | 309,226,677 |
| Diluted | 333,774,167 | 332,503,633 | 331,765,158 |
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