BENTLEY SYSTEMS INC
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
BSY$45.40+1.7%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations F-
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues: | |||
| Subscriptions | $1,376,696 | $1,223,362 | $1,080,307 |
| Perpetual licenses | 46,180 | 45,961 | 46,038 |
| Subscriptions and licenses | 1,422,876 | 1,269,323 | 1,126,345 |
| Services | 78,903 | 83,772 | 102,068 |
| Total revenues | 1,501,779 | 1,353,095 | 1,228,413 |
| Cost of revenues: | |||
| Cost of subscriptions and licenses | 201,405 | 173,340 | 169,406 |
| Cost of services | 76,125 | 84,427 | 96,677 |
| Total cost of revenues | 277,530 | 257,767 | 266,083 |
| Gross profit | 1,224,249 | 1,095,328 | 962,330 |
| Operating expenses: | |||
| Research and development | 307,576 | 281,247 | 274,619 |
| Selling and marketing | 289,543 | 255,177 | 224,336 |
| General and administrative | 217,332 | 210,374 | 180,738 |
| Deferred compensation plan | 14,409 | 12,382 | 13,580 |
| Amortization of purchased intangibles | 32,768 | 33,998 | 38,515 |
| Total operating expenses | 861,628 | 793,178 | 731,788 |
| Income from operations | 362,621 | 302,150 | 230,542 |
| Interest expense, net | (12,435) | (22,044) | (39,793) |
| Other income (expense), net | 547 | 12,949 | (7,222) |
| Income before income taxes | 350,733 | 293,055 | 183,527 |
| (Provision) benefit for income taxes | (72,977) | (58,726) | 143,241 |
| Equity in net income of investees, net of tax | 38 | 104 | 19 |
| Net income | 277,794 | 234,433 | 326,787 |
| Less: Net income (loss) attributable to noncontrolling interest | (67) | (354) | — |
| Net income attributable to Bentley Systems | $277,861 | $234,787 | $326,787 |
| Net income per share attributable to Bentley Systems stockholders: | |||
| Basic | $0.88 | $0.75 | $1.05 |
| Diluted | $0.85 | $0.72 | $1.00 |
| Weighted average shares: | |||
| Basic | 314,690,707 | 314,886,615 | 312,358,823 |
| Diluted | 333,089,213 | 333,774,167 | 332,503,633 |
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