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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Financial Statements F-
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $123,278 | $64,009 |
| Accounts receivable | 350,299 | 322,862 |
| Allowance for doubtful accounts | (7,609) | (8,395) |
| Prepaid income taxes | 19,805 | 13,066 |
| Prepaid and other current assets | 53,260 | 50,531 |
| Total current assets | 539,033 | 442,073 |
| Property and equipment, net | 36,031 | 33,798 |
| Operating lease right-of-use assets | 31,141 | 32,303 |
| Intangible assets, net | 193,018 | 213,959 |
| Goodwill | 2,482,154 | 2,367,179 |
| Investments | 27,920 | 25,764 |
| Deferred income taxes | 170,368 | 198,286 |
| Other assets | 75,502 | 86,445 |
| Total assets | $3,555,167 | $3,399,807 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Accounts payable | $26,952 | $16,479 |
| Accruals and other current liabilities | 173,255 | 169,522 |
| Cloud Services Subscription deposits | 463,312 | 366,895 |
| Deferred revenues | 278,244 | 245,729 |
| Operating lease liabilities | 13,669 | 11,656 |
| Income taxes payable | 4,778 | 4,053 |
| Current portion of long-term debt | — | — |
| Total current liabilities | 960,210 | 814,334 |
| Long-term debt | 1,248,912 | 1,388,088 |
| Deferred compensation plan liabilities | 106,831 | 96,684 |
| Long-term operating lease liabilities | 22,150 | 26,894 |
| Deferred revenues | 18,410 | 16,641 |
| Deferred income taxes | 4,368 | 8,612 |
| Income taxes payable | — | 3,615 |
| Other liabilities | 4,794 | 3,819 |
| Total liabilities | 2,365,675 | 2,358,687 |
| Commitments and contingencies (Note 18) | ||
| Equity: | ||
| Preferred stock, $0.01 par value, authorized 100,000,000 shares; none issued or outstanding as of December 31, 2025 and 2024 | — | — |
| Class A common stock, $0.01 par value, authorized 100,000,000 shares; issued and outstanding 11,537,627 shares as of December 31, 2025 and 2024 | 115 | 115 |
| Class B common stock, $0.01 par value, authorized 1,800,000,000 shares; issued and outstanding 290,817,470 and 290,439,703 shares as of December 31, 2025 and 2024, respectively | 2,909 | 2,905 |
| Additional paid-in capital | 1,301,205 | 1,217,986 |
| Accumulated other comprehensive loss | (74,558) | (104,078) |
| Accumulated deficit | (40,258) | (75,941) |
| Total Bentley Systems stockholders’ equity | 1,189,413 | 1,040,987 |
| Noncontrolling interest | 79 | 133 |
| Total equity | 1,189,492 | 1,041,120 |
| Total liabilities and equity | $3,555,167 | $3,399,807 |
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