Bentley Systems Incorporated (BSY) reported $1.65B of revenue for the twelve months ended Sep 30, 2026. That is up 12.9% from the year before. Revenue for fiscal 2025 was $1.50B.

Yes. Bentley Systems Incorporated earned $322.53M in net income for the twelve months ended Sep 30, 2026, a net margin of 19.6%.

How much cash and debt does BSY have?

Bentley Systems Incorporated reported $150.87M in cash and cash equivalents and $1.16B of debt on its most recent balance sheet in SEC filings.

How fast is BSY revenue growing?

Bentley Systems Incorporated's revenue changed +11.0% in fiscal 2025, to $1.50B. Its compound annual growth rate was +13.4% over 5 years.

What is BSY gross margin?

Bentley Systems Incorporated's gross profit was $1.36B on $1.65B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 82.4%.

What is BSY free cash flow?

Bentley Systems Incorporated generated $489.26M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $515.94M less capital expenditures.

What is BSY earnings per share?

Diluted earnings per share were $1.01 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did BSY last report financial results?

The latest statements here come from Bentley Systems Incorporated's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.

Financials · BSY

Bentley Systems Incorporated (BSY) financials

For the twelve months ended Sep 30, 2026, Bentley Systems Incorporated reported $1.65B of revenue and $322.53M of net income.

Revenue, TTM: $1.65B
Revenue growth, YoY: +12.9%
Net income, TTM: $322.53M
Net income growth, YoY: +19.8%
Net margin: 19.6%
Free cash flow, TTM: $489.26M
EPS, diluted, TTM: $1.01
EPS growth, YoY: +21.7%
Cash: $150.87M
Total debt: $1.16B
P/E: 42.57
P/S: 8.33
Market cap: $13.73B

Annual revenue$1.50B

FY2018FY2025

Annual net income$277.86M

FY2018FY2025

Annual free cash flow$520.21M

FY2018FY2025

BSY revenue and earnings growth

BSY revenueQ3 2026$421.51M

Quarter YoY: +12.2%
QoQ: +2.6%
FY YoY: +11.0%
5Y CAGR: +13.4%

BSY revenue was $421.51M in fiscal Q3 2026 (ended Sep 30, 2026), up 12.2% from a year earlier and up 2.6% from the prior quarter. For the full fiscal 2025 it was $1.50B, up 11.0% from fiscal 2024. Compound annual growth was +13.4% over 5 years. It rose in each of the last 7 fiscal years. Fiscal 2025 is the highest of the 8 fiscal years on file.

BSY net incomeQ3 2026$89.93M

Quarter YoY: +56.8%
QoQ: +14.5%
FY YoY: +18.3%
5Y CAGR: +17.0%

BSY net income was $89.93M in fiscal Q3 2026 (ended Sep 30, 2026), up 56.8% from a year earlier and up 14.5% from the prior quarter. For the full fiscal 2025 it was $277.86M, up 18.3% from fiscal 2024. Compound annual growth was +17.0% over 5 years. It rose in 4 of the last 7 fiscal years.

BSY EPSQ3 2026$0.29

Quarter YoY: +61.1%
QoQ: +16.0%
FY YoY: +18.1%
5Y CAGR: +15.1%

BSY diluted EPS was $0.29 in fiscal Q3 2026 (ended Sep 30, 2026), up 61.1% from a year earlier and up 16.0% from the prior quarter. For the full fiscal 2025 it was $0.85, up 18.1% from fiscal 2024. Compound annual growth was +15.1% over 5 years.

BSY free cash flowQ3 2026$101.44M

Quarter YoY: -8.3%
QoQ: +59.0%
FY YoY: +23.5%
5Y CAGR: +16.5%

BSY free cash flow was $101.44M in fiscal Q3 2026 (ended Sep 30, 2026), down 8.3% from a year earlier and up 59.0% from the prior quarter. For the full fiscal 2025 it was $520.21M, up 23.5% from fiscal 2024. Compound annual growth was +16.5% over 5 years. It rose in 6 of the last 7 fiscal years. Fiscal 2025 is the highest of the 8 fiscal years on file.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018
Revenue	$1.50B	$1.35B	$1.23B	$1.10B	$965.05M	$801.54M	$736.65M	$691.71M
Cost of revenue	$277.53M	$257.77M	$266.08M	$237.01M	$216.54M	$167.16M	$144.15M	$131.32M
Gross profit	$1.22B	$1.10B	$962.33M	$862.07M	$748.51M	$634.39M	$592.50M	$560.39M
Research and development	$307.58M	$281.25M	$274.62M	$257.86M	$220.91M	$185.51M	$183.55M	$175.03M
Selling, general and admin	$217.33M	$210.37M	$180.74M	$174.65M	$150.12M	$113.27M	$97.17M	$89.33M
Operating income	$362.62M	$302.15M	$230.54M	$208.61M	$94.59M	$150.15M	$141.87M	$121.39M
Interest expense	-	-	-	$35.06M	$11.53M	$7.22M	$9.73M	$9.61M
Pre-tax income	$350.73M	$293.06M	$183.53M	$198.28M	$93.33M	$167.62M	$128.11M	$112.86M
Income tax	$72.98M	$58.73M	-$143.24M	$21.28M	-$3.45M	$38.63M	$23.74M	-$29.25M
Net income	$277.86M	$234.79M	$326.79M	$174.78M	$93.19M	$126.52M	$103.10M	$142.11M
EPS, basic	$0.88	$0.75	$1.05	$0.57	$0.30	$0.44	$0.36	$0.50
EPS, diluted	$0.85	$0.72	$1.00	$0.55	$0.30	$0.42	$0.35	$0.49
Diluted shares	333.1M	333.8M	332.5M	331.8M	314.6M	299.4M	293.8M	292.6M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018
Cash and equivalents	$123.28M	$64.01M	$68.41M	$71.68M	$329.34M	$122.01M	$121.10M	$81.18M
Current assets	$539.03M	$442.07M	$419.56M	$415.89M	$615.83M	$340.26M	$353.56M	-
Goodwill	$2.48B	$2.37B	$2.27B	$2.24B	$1.59B	$581.17M	$480.06M	$446.32M
Total assets	$3.56B	$3.40B	$3.32B	$3.17B	$2.66B	$1.13B	$994.60M	-
Current liabilities	$960.21M	$814.33M	$760.36M	$628.36M	$593.87M	$465.56M	$392.41M	-
Short-term debt	$0	$0	$10.00M	$5.00M	$5.00M	$0	-	-
Long-term debt	$1.25B	$1.39B	$1.52B	$1.78B	$1.43B	$246.00M	$233.75M	-
Total debt	$1.25B	$1.39B	$1.53B	$1.78B	$1.44B	$246.00M	$233.75M	-
Total liabilities	$2.37B	$2.36B	$2.44B	$2.59B	$2.25B	$784.44M	$659.98M	-
Shareholders' equity	$1.19B	$1.04B	$883.98M	$573.45M	$409.22M	$341.60M	$334.62M	$147.43M

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018
Operating cash flow	$538.46M	$435.29M	$416.70M	$274.32M	$288.02M	$258.34M	$170.77M	$161.47M
Capital expenditures	$18.25M	$14.05M	$25.00M	$18.55M	$17.54M	$16.45M	$16.64M	$18.62M
Free cash flow	$520.21M	$421.25M	$391.69M	$255.78M	$270.49M	$241.89M	$154.13M	$142.85M
Investing cash flow	-$112.31M	-$143.27M	-$60.50M	-$770.13M	-$1.06B	-$117.33M	-$53.69M	-$154.76M
Financing cash flow	-$376.30M	-$289.85M	-$359.07M	$243.03M	$982.58M	-$136.51M	-$77.05M	-$58.80M
Dividends paid	$84.96M	$72.11M	$58.76M	$34.49M	$33.40M	$422.65M	$24.99M	$20.06M
Share repurchases	$125.06M	$64.36M	$0	$28.25M	$0	$0	$24.17M	$46.45M
Stock-based compensation	$72.58M	$74.42M	$72.97M	$75.21M	$49.05M	$32.11M	$8.09M	$7.88M
Depreciation and amortization	-	-	-	$71.54M	$52.79M	$36.12M	$32.16M	$29.20M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018
Revenue growth, YoY	11.0%	10.1%	11.8%	13.9%	20.4%	8.8%	6.5%	-
Net income growth, YoY	18.3%	-28.2%	87.0%	87.5%	-26.3%	22.7%	-27.5%	-
EPS growth, YoY	18.1%	-28.0%	81.8%	83.3%	-28.6%	20.0%	-28.6%	-
Gross margin	81.5%	80.9%	78.3%	78.4%	77.6%	79.1%	80.4%	81.0%
Operating margin	24.1%	22.3%	18.8%	19.0%	9.8%	18.7%	19.3%	17.5%
Net margin	18.5%	17.4%	26.6%	15.9%	9.7%	15.8%	14.0%	20.5%
Free cash flow margin	34.6%	31.1%	31.9%	23.3%	28.0%	30.2%	20.9%	20.7%
Return on equity	23.4%	22.6%	37.0%	30.5%	22.8%	37.0%	30.8%	96.4%
Return on assets	7.8%	6.9%	9.8%	5.5%	3.5%	11.2%	10.4%	-
Current ratio	0.56	0.54	0.55	0.66	1.04	0.73	0.90	-
Debt to equity	1.05	1.33	1.73	3.11	3.51	0.72	0.70	-

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$421.51M	$410.73M	$424.18M	$391.58M	$375.55M	$364.11M	$370.54M	$349.82M	$335.17M	$330.34M	$337.76M	$310.64M
Cost of revenue	$71.96M	$73.99M	$73.77M	$70.90M	$72.19M	$68.78M	$65.66M	$67.91M	$64.83M	$63.19M	$61.83M	$67.80M
Gross profit	$349.55M	$336.74M	$350.41M	$320.68M	$303.35M	$295.33M	$304.88M	$281.91M	$270.34M	$267.14M	$275.93M	$242.84M
Research and development	$81.47M	$82.09M	$83.00M	$80.99M	$78.75M	$75.39M	$72.45M	$77.10M	$70.07M	$65.71M	$68.37M	$71.24M
Selling, general and admin	$61.50M	$65.22M	$58.51M	$66.43M	$53.82M	$49.86M	$47.23M	$57.68M	$51.36M	$54.85M	$46.48M	$51.99M
Operating income	$122.62M	$88.61M	$126.26M	$78.51M	$84.50M	$84.43M	$115.18M	$61.41M	$68.63M	$80.18M	$91.93M	$37.77M
Pre-tax income	$115.53M	$95.07M	$118.56M	$75.89M	$83.71M	$79.31M	$111.83M	$64.28M	$58.87M	$77.36M	$92.55M	$14.17M
Income tax	$25.50M	$16.61M	$23.16M	$17.36M	$26.26M	$8.88M	$20.49M	$14.63M	$16.52M	$5.33M	$22.25M	-$165.35M
Net income	$89.93M	$78.57M	$95.39M	$58.64M	$57.37M	$70.48M	$91.37M	$50.09M	$42.34M	$72.05M	$70.31M	$179.59M
EPS, basic	$0.29	$0.25	$0.31	$0.19	$0.18	$0.22	$0.29	$0.17	$0.13	$0.23	$0.22	$0.57
EPS, diluted	$0.29	$0.25	$0.30	$0.17	$0.18	$0.22	$0.28	$0.15	$0.13	$0.22	$0.22	$0.55
Diluted shares	317.7M	319.0M	321.8M	-	333.3M	332.8M	333.4M	-	333.8M	333.8M	333.6M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$150.87M	$146.98M	$105.16M	$123.28M	$165.41M	$89.65M	$83.64M	$64.01M	$72.17M	$51.28M	$141.60M	$68.41M
Current assets	$619.52M	$587.89M	$518.23M	$539.03M	$526.83M	$439.52M	$446.06M	$442.07M	$403.82M	$386.69M	$473.69M	$419.56M
Goodwill	$2.44B	$2.47B	$2.47B	$2.48B	$2.41B	$2.42B	$2.38B	$2.37B	$2.39B	$2.27B	$2.26B	$2.27B
Total assets	$3.57B	$3.58B	$3.52B	$3.56B	$3.46B	$3.42B	$3.40B	$3.40B	$3.40B	$3.26B	$3.35B	$3.32B
Current liabilities	$959.82M	$988.14M	$1.01B	$960.21M	$860.46M	$858.36M	$905.99M	$814.33M	$782.23M	$785.78M	$837.83M	$760.36M
Short-term debt	$13.75M	$6.88M	$0	$0	$0	$0	$0	$0	$0	$0	$10.00M	$10.00M
Long-term debt	$1.15B	$1.21B	$1.12B	$1.25B	$1.25B	$1.25B	$1.24B	$1.39B	$1.42B	$1.33B	$1.43B	$1.52B
Total debt	$1.16B	$1.22B	$1.12B	$1.25B	$1.25B	$1.25B	$1.24B	$1.39B	$1.42B	$1.33B	$1.44B	$1.53B
Total liabilities	$2.29B	$2.38B	$2.30B	$2.37B	$2.27B	$2.26B	$2.31B	$2.36B	$2.36B	$2.27B	$2.42B	$2.44B
Shareholders' equity	$1.28B	$1.20B	$1.23B	$1.19B	$1.20B	$1.16B	$1.10B	$1.04B	$1.03B	$984.51M	$932.61M	$883.98M

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$109.43M	$71.51M	$193.41M	$141.59M	$116.38M	$61.09M	$219.41M	$81.63M	$86.11M	$62.59M	$204.97M	$87.05M
Capital expenditures	$7.99M	$7.71M	$5.55M	$5.42M	$5.70M	$4.09M	$3.04M	$5.55M	$1.81M	$3.09M	$3.60M	$6.10M
Free cash flow	$101.44M	$63.80M	$187.86M	$136.17M	$110.67M	$56.99M	$216.37M	$76.08M	$84.30M	$59.50M	$201.37M	$80.96M
Investing cash flow	-$8.36M	-$7.71M	-$5.55M	-$98.53M	-$6.64M	-$4.09M	-$3.04M	-$7.59M	-$124.73M	-$7.10M	-$3.85M	-$9.26M
Financing cash flow	-$84.08M	-$20.50M	-$204.44M	-$85.09M	-$33.70M	-$56.70M	-$200.81M	-$76.63M	$57.78M	-$144.56M	-$126.44M	-$79.06M
Dividends paid	$21.13M	$21.22M	$21.23M	$21.21M	$21.26M	$21.30M	$21.20M	$18.13M	$18.13M	$17.98M	$17.87M	$14.76M
Share repurchases	$10.01M	$85.05M	$40.02M	$60.03M	$15.01M	$20.01M	$30.01M	$18.59M	$8.25M	$22.51M	$15.01M	$0
Stock-based compensation	$21.86M	$22.75M	$20.19M	$17.54M	$18.04M	$19.59M	$17.40M	$16.56M	$16.10M	$22.10M	$19.66M	$16.88M
Depreciation and amortization	-	$16.05M	$16.14M	-	-	$15.75M	$15.64M	-	$16.03M	$15.98M	$16.39M	-

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	12.2%	12.8%	14.5%	11.9%	12.0%	10.2%	9.7%	12.6%	9.3%	11.3%	7.4%	8.3%
Net income growth, YoY	56.8%	11.5%	4.4%	17.1%	35.5%	-2.2%	30.0%	-72.1%	-20.2%	48.0%	54.6%	598.2%
EPS growth, YoY	61.1%	13.6%	7.1%	13.3%	38.5%	0.0%	27.3%	-72.7%	-18.8%	46.7%	57.1%	587.5%
Gross margin	82.9%	82.0%	82.6%	81.9%	80.8%	81.1%	82.3%	80.6%	80.7%	80.9%	81.7%	78.2%
Operating margin	29.1%	21.6%	29.8%	20.0%	22.5%	23.2%	31.1%	17.6%	20.5%	24.3%	27.2%	12.2%
Net margin	21.3%	19.1%	22.5%	15.0%	15.3%	19.4%	24.7%	14.3%	12.6%	21.8%	20.8%	57.8%
Free cash flow margin	24.1%	15.5%	44.3%	34.8%	29.5%	15.7%	58.4%	21.7%	25.1%	18.0%	59.6%	26.1%
Current ratio	0.65	0.59	0.51	0.56	0.61	0.51	0.49	0.54	0.52	0.49	0.57	0.55
Debt to equity	0.91	1.01	0.91	1.05	1.04	1.07	1.13	1.33	1.37	1.36	1.54	1.73

Source: XBRL data Bentley Systems Incorporated files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BSY peers

Company	Revenue	Growth	Net income	Net margin	Market cap
BSY	$1.65B	+12.9%	$322.53M	19.6%	$13.73B
MSFTMicrosoft Corporation	$346.44B	+17.9%	$142.63B	41.2%	$4.05T
PLTRPalantir Technologies Inc.	$7.29B	+87.1%	$3.67B	50.3%	$407.69B
ORCLOracle Corporation	$71.78B	+21.6%	$18.92B	26.4%	$362.21B
SAPSAP SE	€36.80B	+7.7%	€7.16B	19.5%	$291.67B
CRWDCrowdStrike Holdings Inc.	$5.40B	+24.3%	$58.46M	1.1%	$234.05B
SHOPShopify Inc.	$14.17B	+32.5%	$2.13B	15.0%	$195.63B
CRMSalesforce Inc.	$43.94B	+11.2%	$9.66B	22.0%	$176.90B
NOWServiceNow Inc.	$15.43B	+21.8%	$1.45B	9.4%	$106.66B

BSY FAQ

9 questions

What is BSY revenue?
Bentley Systems Incorporated (BSY) reported $1.65B of revenue for the twelve months ended Sep 30, 2026. That is up 12.9% from the year before. Revenue for fiscal 2025 was $1.50B.
Is BSY profitable?
Yes. Bentley Systems Incorporated earned $322.53M in net income for the twelve months ended Sep 30, 2026, a net margin of 19.6%.
How much cash and debt does BSY have?
Bentley Systems Incorporated reported $150.87M in cash and cash equivalents and $1.16B of debt on its most recent balance sheet in SEC filings.
How fast is BSY revenue growing?
Bentley Systems Incorporated's revenue changed +11.0% in fiscal 2025, to $1.50B. Its compound annual growth rate was +13.4% over 5 years.
What is BSY gross margin?
Bentley Systems Incorporated's gross profit was $1.36B on $1.65B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 82.4%.
What is BSY free cash flow?
Bentley Systems Incorporated generated $489.26M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $515.94M less capital expenditures.
What is BSY earnings per share?
Diluted earnings per share were $1.01 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did BSY last report financial results?
The latest statements here come from Bentley Systems Incorporated's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
Where does this BSY financial data come from?
Quantisnow builds these statements from the structured XBRL data Bentley Systems Incorporated files with the SEC. It is provided for information only and is not investment advice.