BENTLEY SYSTEMS INC
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
BSY$45.40+1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Equity
(in thousands, except share data)
| Three Months Ended June 30, 2025 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Total | ||||||||
| Accumulated · Bentley | ||||||||
| Class A and Class B · Additional · Other · Systems · Non- | ||||||||
| Common Stock · Paid-In · Comprehensive · Accumulated · Stockholders' · Controlling · Total | ||||||||
| Shares | Par Value | Capital | Loss | Deficit | Equity | Interest | Equity | |
| Balance, March 31, 2025 | 302,909,806 | $3,029 | $1,239,817 | $(97,583) | $(47,681) | $1,097,582 | $107 | $1,097,689 |
| Net income | — | — | — | — | 70,482 | 70,482 | 18 | 70,500 |
| Other comprehensive income | — | — | — | 28,488 | — | 28,488 | 4 | 28,492 |
| Dividends declared | — | — | — | — | (21,295) | (21,295) | — | (21,295) |
| Shares issued in connection with deferred compensation plan, net | 883,626 | 9 | (9) | — | (11,165) | (11,165) | — | (11,165) |
| Shares issued in connection with executive bonus plan, net | 26,727 | — | 2,062 | — | (902) | 1,160 | — | 1,160 |
| Shares issued for stock grants, net | 12,591 | — | 600 | — | — | 600 | — | 600 |
| Stock-based compensation expense | — | — | 17,007 | — | — | 17,007 | — | 17,007 |
| Shares related to restricted stock, net | 104,465 | 1 | (1) | — | (809) | (809) | — | (809) |
| Repurchases of Class B common stock under approved program | (499,143) | (5) | — | — | (20,004) | (20,009) | — | (20,009) |
| Balance, June 30, 2025 | 303,438,072 | $3,034 | $1,259,476 | $(69,095) | $(31,374) | $1,162,041 | $129 | $1,162,170 |
| Six Months Ended June 30, 2025 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Total | ||||||||
| Accumulated · Bentley | ||||||||
| Class A and Class B · Additional · Other · Systems · Non- | ||||||||
| Common Stock · Paid-In · Comprehensive · Accumulated · Stockholders' · Controlling · Total | ||||||||
| Shares | Par Value | Capital | Loss | Deficit | Equity | Interest | Equity | |
| Balance, December 31, 2024 | 301,977,330 | $3,020 | $1,217,986 | $(104,078) | $(75,941) | $1,040,987 | $133 | $1,041,120 |
| Net income (loss) | — | — | — | — | 161,850 | 161,850 | (12) | 161,838 |
| Other comprehensive income | — | — | — | 34,983 | — | 34,983 | 8 | 34,991 |
| Dividends declared | — | — | — | — | (42,493) | (42,493) | — | (42,493) |
| Shares issued in connection with deferred compensation plan, net | 1,572,829 | 16 | (16) | — | (11,165) | (11,165) | — | (11,165) |
| Shares issued in connection with executive bonus plan, net | 49,545 | — | 3,124 | — | (902) | 2,222 | — | 2,222 |
| Shares issued in connection with employee stock purchase plan, net | 130,212 | 1 | 5,311 | — | (169) | 5,143 | — | 5,143 |
| Shares issued for stock grants, net | 12,591 | — | 600 | — | — | 600 | — | 600 |
| Stock-based compensation expense | — | — | 32,480 | — | — | 32,480 | — | 32,480 |
| Shares related to restricted stock, net | 868,606 | 9 | (9) | — | (12,543) | (12,543) | — | (12,543) |
| Repurchases of Class B common stock under approved program | (1,173,041) | (12) | — | — | (50,011) | (50,023) | — | (50,023) |
| Balance, June 30, 2025 | 303,438,072 | $3,034 | $1,259,476 | $(69,095) | $(31,374) | $1,162,041 | $129 | $1,162,170 |
Consolidated Statements of Equity
(in thousands, except share data)
| Three Months Ended June 30, 2024 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Total | ||||||||
| Accumulated · Bentley | ||||||||
| Class A and Class B · Additional · Other · Systems · Non- | ||||||||
| Common Stock · Paid-In · Comprehensive · Accumulated · Stockholders' · Controlling · Total | ||||||||
| Shares | Par Value | Capital | Loss | Deficit | Equity | Interest | Equity | |
| Balance, March 31, 2024 | 298,014,682 | $2,980 | $1,154,137 | $(92,619) | $(132,595) | $931,903 | $704 | $932,607 |
| Net income | — | — | — | — | 72,046 | 72,046 | — | 72,046 |
| Other comprehensive loss | — | — | — | (645) | — | (645) | — | (645) |
| Dividends declared | — | — | — | — | (17,980) | (17,980) | — | (17,980) |
| Shares issued in connection with deferred compensation plan | 1,936,318 | 19 | (19) | — | — | — | — | — |
| Deferred compensation plan elective participant deferrals | — | — | 43 | — | — | 43 | — | 43 |
| Shares issued in connection with executive bonus plan | 102,352 | 1 | 5,564 | — | — | 5,565 | — | 5,565 |
| Shares issued for stock grants, net | 11,391 | — | 600 | — | — | 600 | — | 600 |
| Stock-based compensation expense | — | — | 16,306 | — | — | 16,306 | — | 16,306 |
| Shares related to restricted stock, net | 109,473 | 1 | (1) | — | (1,527) | (1,527) | — | (1,527) |
| Repurchases of Class B common stock under approved program | (427,083) | (4) | — | — | (22,505) | (22,509) | — | (22,509) |
| Balance, June 30, 2024 | 299,747,133 | $2,997 | $1,176,630 | $(93,264) | $(102,561) | $983,802 | $704 | $984,506 |
| Six Months Ended June 30, 2024 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Total | ||||||||
| Accumulated · Bentley | ||||||||
| Class A and Class B · Additional · Other · Systems · Non- | ||||||||
| Common Stock · Paid-In · Comprehensive · Accumulated · Stockholders' · Controlling · Total | ||||||||
| Shares | Par Value | Capital | Loss | Deficit | Equity | Interest | Equity | |
| Balance, December 31, 2023 | 296,265,837 | $2,963 | $1,127,234 | $(84,987) | $(161,932) | $883,278 | $704 | $883,982 |
| Net income | — | — | — | — | 142,356 | 142,356 | — | 142,356 |
| Other comprehensive loss | — | — | — | (8,277) | — | (8,277) | — | (8,277) |
| Dividends declared | — | — | — | — | (35,851) | (35,851) | — | (35,851) |
| Shares issued in connection with deferred compensation plan | 2,474,063 | 24 | (24) | — | — | — | — | — |
| Deferred compensation plan elective participant deferrals | — | — | 101 | — | — | 101 | — | 101 |
| Shares issued in connection with executive bonus plan | 168,291 | 2 | 8,914 | — | — | 8,916 | — | 8,916 |
| Shares issued in connection with employee stock purchase plan, net | 122,020 | 1 | 5,559 | — | (175) | 5,385 | — | 5,385 |
| Stock option exercises, net | 844,283 | 8 | 3,999 | — | (2,195) | 1,812 | — | 1,812 |
| Shares issued for stock grants, net | 11,391 | — | 600 | — | — | 600 | — | 600 |
| Stock-based compensation expense | — | — | 30,253 | — | — | 30,253 | — | 30,253 |
| Shares related to restricted stock, net | 590,929 | 6 | (6) | — | (7,256) | (7,256) | — | (7,256) |
| Repurchases of Class B common stock under approved program | (729,681) | (7) | — | — | (37,508) | (37,515) | — | (37,515) |
| Balance, June 30, 2024 | 299,747,133 | $2,997 | $1,176,630 | $(93,264) | $(102,561) | $983,802 | $704 | $984,506 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.