BENTLEY SYSTEMS INC

For the period ended Sep 30, 2025. Filed Nov 5, 2025.

About 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.

Sep 30, 2025 · Filed Nov 5, 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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Contents

Consolidated Statements of Equity

(in thousands, except share data)

	Three Months Ended September 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, June 30, 2025	303,438,072	$3,034	$1,259,476	$(69,095)	$(31,374)	$1,162,041	$129	$1,162,170
Net income (loss)	—	—	—	—	57,373	57,373	(84)	57,289
Other comprehensive (loss) income	—	—	—	(8,350)	—	(8,350)	2	(8,348)
Dividends declared	—	—	—	—	(21,263)	(21,263)	—	(21,263)
Shares issued in connection with deferred compensation plan, net	62,567	—	—	—	(2,393)	(2,393)	—	(2,393)
Shares issued in connection with executive bonus plan, net	17,292	1	1,793	—	(784)	1,010	—	1,010
Shares issued in connection with employee stock purchase plan, net	150,555	2	6,220	—	(370)	5,852	—	5,852
Stock-based compensation expense	—	—	16,095	—	—	16,095	—	16,095
Shares related to restricted stock, net	73,833	—	—	—	(56)	(56)	—	(56)
Repurchases of Class B common stock under approved program	(284,413)	(3)	—	—	(15,003)	(15,006)	—	(15,006)
Balance, September 30, 2025	303,457,906	$3,034	$1,283,584	$(77,445)	$(13,870)	$1,195,303	$47	$1,195,350

	Nine Months Ended September 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)	—	—	—	—	219,223	219,223	(96)	219,127
Other comprehensive income	—	—	—	26,633	—	26,633	10	26,643
Dividends declared	—	—	—	—	(63,756)	(63,756)	—	(63,756)
Shares issued in connection with deferred compensation plan, net	1,635,396	16	(16)	—	(13,558)	(13,558)	—	(13,558)
Shares issued in connection with executive bonus plan, net	66,837	1	4,917	—	(1,686)	3,232	—	3,232
Shares issued in connection with employee stock purchase plan, net	280,767	3	11,531	—	(539)	10,995	—	10,995
Shares issued for stock grants, net	12,591	—	600	—	—	600	—	600
Stock-based compensation expense	—	—	48,575	—	—	48,575	—	48,575
Shares related to restricted stock, net	942,439	9	(9)	—	(12,599)	(12,599)	—	(12,599)
Repurchases of Class B common stock under approved program	(1,457,454)	(15)	—	—	(65,014)	(65,029)	—	(65,029)
Balance, September 30, 2025	303,457,906	$3,034	$1,283,584	$(77,445)	$(13,870)	$1,195,303	$47	$1,195,350

Consolidated Statements of Equity

(in thousands, except share data)

	Three Months Ended September 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, June 30, 2024	299,747,133	$2,997	$1,176,630	$(93,264)	$(102,561)	$983,802	$704	$984,506
Net income	—	—	—	—	42,338	42,338	—	42,338
Other comprehensive income	—	—	—	10,305	—	10,305	—	10,305
Dividends declared	—	—	—	—	(18,134)	(18,134)	—	(18,134)
Shares issued in connection with deferred compensation plan	2,181,214	22	(22)	—	—	—	—	—
Deferred compensation plan elective participant deferrals	—	—	43	—	—	43	—	43
Shares issued in connection with executive bonus plan	88,296	1	4,282	—	—	4,283	—	4,283
Shares issued in connection with employee stock purchase plan, net	131,558	1	5,667	—	(173)	5,495	—	5,495
Stock-based compensation expense	—	—	14,843	—	—	14,843	—	14,843
Shares related to restricted stock, net	77,657	1	(1)	—	(1,415)	(1,415)	—	(1,415)
Repurchases of Class B common stock under approved program	(183,056)	(2)	—	—	(8,252)	(8,254)	—	(8,254)
Balance, September 30, 2024	302,042,802	$3,020	$1,201,442	$(82,959)	$(88,197)	$1,033,306	$704	$1,034,010

	Nine Months Ended September 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	—	—	—	—	184,694	184,694	—	184,694
Other comprehensive income	—	—	—	2,028	—	2,028	—	2,028
Dividends declared	—	—	—	—	(53,985)	(53,985)	—	(53,985)
Shares issued in connection with deferred compensation plan	4,655,277	46	(46)	—	—	—	—	—
Deferred compensation plan elective participant deferrals	—	—	144	—	—	144	—	144
Shares issued in connection with executive bonus plan	256,587	3	13,196	—	—	13,199	—	13,199
Shares issued in connection with employee stock purchase plan, net	253,578	2	11,226	—	(348)	10,880	—	10,880
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	—	—	45,096	—	—	45,096	—	45,096
Shares related to restricted stock, net	668,586	7	(7)	—	(8,671)	(8,671)	—	(8,671)
Repurchases of Class B common stock under approved program	(912,737)	(9)	—	—	(45,760)	(45,769)	—	(45,769)
Balance, September 30, 2024	302,042,802	$3,020	$1,201,442	$(82,959)	$(88,197)	$1,033,306	$704	$1,034,010

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