BENTLEY SYSTEMS INC
BENTLEY SYSTEMS INC
BENTLEY SYSTEMS INC (BSY) — SEC Financial Statements & Analysis
BENTLEY SYSTEMS INC (BSY) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Common Class A | 12 | 0 | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Class B | 292 | 0 | 292 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 105 | 123 | 165 | 90 | 84 | 64 | 72 | 51 | 142 | 68 | 67 | 83 | |||||
Accounts Receivable Gross Current | 344 | 350 | 294 | 300 | 312 | 323 | 272 | 283 | 284 | 303 | 243 | 253 | |||||
Allowance For Doubtful Accounts Receivable Current | -8 | -8 | -8 | -9 | -9 | -8 | -9 | -9 | -10 | -9 | -8 | -9 | |||||
Prepaid Taxes | 17 | 20 | 17 | 9 | 9 | 13 | 16 | 18 | 11 | 13 | 26 | 20 | |||||
Prepaid Expense And Other Assets Current | 60 | 53 | 58 | 50 | 50 | 51 | - | - | - | - | - | - | |||||
Assets Current | 518 | 539 | 527 | 440 | 446 | 442 | 404 | 387 | 474 | 420 | 374 | 391 | |||||
Property Plant And Equipment And Finance Lease Rig… | 37 | 36 | 35 | 34 | 33 | 34 | 35 | 37 | 39 | 40 | 38 | 36 | |||||
Operating Lease Right Of Use Asset | 46 | 31 | 31 | 31 | 32 | 32 | 36 | 35 | 36 | 38 | 41 | 43 | |||||
Intangible Assets Net Excluding Goodwill | 181 | 193 | 181 | 193 | 203 | 214 | 226 | 226 | 236 | 249 | 260 | 272 | |||||
Goodwill | 2,475 | 2,482 | 2,410 | 2,417 | 2,380 | 2,367 | 2,390 | 2,265 | 2,261 | 2,269 | 2,251 | 2,253 | |||||
Investments | 28 | 28 | 28 | 26 | 26 | 26 | 25 | 24 | 24 | 23 | 30 | 27 | |||||
Deferred Income Tax Assets Net | 163 | 170 | 176 | 202 | 199 | 198 | 208 | 206 | 208 | 213 | 62 | 69 | |||||
Other Assets Noncurrent | 77 | 76 | 76 | 81 | 83 | 86 | 73 | 78 | 76 | 67 | 78 | 74 | |||||
Assets | 3,524 | 3,555 | 3,464 | 3,423 | 3,403 | 3,400 | 3,396 | 3,257 | 3,354 | 3,320 | 3,135 | 3,164 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 21 | 27 | 18 | 24 | 24 | 16 | 31 | 24 | 24 | 18 | 26 | 37 | |||||
Accrued Liabilities Current | 171 | 173 | 158 | 154 | 164 | 170 | 495 | 500 | 540 | 457 | 403 | 399 | |||||
Deposit Liability Current | 526 | 463 | 428 | 415 | 448 | 367 | - | - | - | - | - | - | |||||
Contract With Customer Liability Current | 266 | 278 | 235 | 247 | 244 | 246 | 225 | 237 | 242 | 254 | 212 | 231 | |||||
Operating Lease Liability Current | 13 | 14 | 12 | 12 | 12 | 12 | 12 | 11 | 11 | 12 | 11 | 13 | |||||
Accrued Income Taxes Current | 10 | 5 | 10 | 7 | 14 | 4 | 19 | 14 | 11 | 9 | 19 | 21 | |||||
Long Term Debt Current | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 10 | 9 | 8 | |||||
Liabilities Current | 1,007 | 960 | 860 | 858 | 906 | 814 | 782 | 786 | 838 | 760 | 681 | 709 | |||||
Long Term Debt Noncurrent | 1,115 | 1,249 | 1,247 | 1,246 | 1,244 | 1,388 | 1,419 | 1,335 | 1,425 | 1,518 | 1,581 | 1,629 | |||||
Deferred Compensation Liability Classified Noncurr… | 105 | 107 | 105 | 99 | 95 | 97 | 98 | 91 | 93 | 88 | 80 | 83 | |||||
Operating Lease Liability Noncurrent | 37 | 22 | 24 | 25 | 26 | 27 | 28 | 27 | 29 | 31 | 31 | 32 | |||||
Contract With Customer Liability Noncurrent | 18 | 18 | 18 | 18 | 17 | 17 | 16 | 15 | 15 | 16 | 15 | 16 | |||||
Deferred Income Tax Liabilities Net | 5 | 4 | 9 | 9 | 8 | 9 | 12 | 12 | 10 | 10 | 44 | 38 | |||||
Accrued Income Taxes Noncurrent | - | 0 | 0 | 0 | 4 | 4 | 4 | 4 | 7 | 7 | 7 | 7 | |||||
Other Liabilities Noncurrent | 10 | 5 | 5 | 6 | 5 | 4 | 4 | 3 | 3 | 5 | 4 | 5 | |||||
Liabilities | 2,298 | 2,366 | 2,269 | 2,261 | 2,305 | 2,359 | 2,362 | 2,273 | 2,421 | 2,436 | 2,443 | 2,520 | |||||
Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | - | - | - | - | - | - | - | - | - | - | 3 | 3 | |||||
Additional Paid In Capital | 1,326 | 1,301 | 1,284 | 1,259 | 1,240 | 1,218 | 1,201 | 1,177 | 1,154 | 1,127 | 1,109 | 1,085 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -81 | -75 | -77 | -69 | -98 | -104 | -83 | -93 | -93 | -85 | -95 | -88 | |||||
Retained Earnings Accumulated Deficit | -22 | -40 | -14 | -31 | -48 | -76 | -88 | -103 | -133 | -162 | -325 | -357 | |||||
Stockholders Equity | 1,226 | 1,189 | 1,195 | 1,162 | 1,098 | 1,041 | 1,034 | 985 | 933 | 884 | 692 | 644 | |||||
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Liabilities And Stockholders Equity | 3,524 | 3,555 | 3,464 | 3,423 | 3,403 | 3,400 | 3,396 | 3,257 | 3,354 | 3,320 | 3,135 | 3,164 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Preferred Stock Shares Authorized | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Subscribe to unlock 17+ years of financial data, unlimited metrics, and saved tables
Subscribe to unlock 17+ years of data, unlimited metrics, and saved tables
Custom Table
Subscribe to unlock 17+ years of financial data, unlimited metrics, transformations, and saved visuals
Subscribe to unlock 17+ years of data, unlimited metrics, transformations, and saved visuals
Interactive Financial Visualizations
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.91% | -10.59% | - | - | - | - | - | - | - | - | - | - |
| 2025 | 3.22% | 14.01% | 26.89% | 0.78% | -5.07% | -6.20% | -13.45% | -19.42% | -19.75% | 2.36% | -5.13% | -13.27% |
| 2024 | -8.54% | -10.03% | -11.56% | 8.18% | 6.98% | 3.43% | -3.11% | -6.76% | -9.66% | -5.85% | -3.04% | 7.69% |
| 2023 | 7.88% | 17.22% | 15.21% | -0.82% | -0.86% | -4.48% | 1.89% | 0.38% | -3.29% | 4.98% | 6.20% | 14.29% |
Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial | ||||||||||||
Subscribe to unlock 17+ years of financial data and 50+ calculated metrics
Subscribe to unlock 17+ years of data and 50+ calculated metrics
Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.51 | 0.56 | 0.61 | 0.51 | 0.49 | 0.54 | 0.52 | 0.49 | 0.57 | 0.55 | 0.55 | 0.55 | |||||
| Quick Ratio | 0.45 | 0.51 | 0.54 | 0.45 | 0.44 | 0.48 | 0.52 | 0.49 | 0.57 | 0.55 | 0.55 | 0.55 | |||||
| Working Capital | -488.64M | -421.18M | -333.63M | -418.84M | -459.93M | -372.26M | -378.41M | -399.09M | -364.15M | -340.81M | -306.45M | -317.74M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.87 | 1.99 | 1.90 | 1.95 | 2.10 | 2.27 | 2.28 | 2.31 | 2.60 | 2.76 | 3.53 | 3.91 | |||||
| Interest Coverage TTM | 22.21 | 29.16 | 21.86 | 18.57 | 16.83 | 13.71 | 10.94 | 9.20 | 7.29 | 5.79 | 5.60 | 5.28 | |||||
| Debt Ratio | 0.65 | 0.67 | 0.65 | 0.66 | 0.68 | 0.69 | 0.70 | 0.70 | 0.72 | 0.73 | 0.78 | 0.80 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.45 | 0.43 | 0.43 | 0.43 | 0.41 | 0.40 | 0.40 | 0.40 | 0.38 | 0.38 | 0.39 | 0.37 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 0.88 | 0.83 | 0.81 | 0.76 | 0.77 | 0.70 | 1.09 | 1.12 | 1.05 | 0.98 | 0.52 | 0.47 | |||||
| Free Cash Flow Per Share TTM | 1.57 | 1.65 | 1.46 | 1.38 | 1.38 | 1.34 | 1.35 | 1.29 | 1.34 | 1.25 | 1.09 | 1.09 | |||||
| Dividend Per Share TTM | 0.27 | 0.27 | 0.26 | 0.25 | 0.24 | 0.23 | 0.22 | 0.21 | 0.20 | 0.19 | 0.17 | 0.15 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 81.64% | 81.52% | 81.20% | 81.18% | 81.12% | 80.95% | 80.39% | 79.97% | 79.17% | 78.34% | 78.37% | 78.13% | |||||
| Operating Profit Margin TTM | 24.03% | 24.15% | 23.67% | 23.22% | 23.48% | 22.33% | 21.20% | 22.06% | 20.51% | 18.77% | 19.38% | 18.47% | |||||
| Net Profit Margin TTM | 18.12% | 18.50% | 18.42% | 17.89% | 18.44% | 17.33% | 27.72% | 29.17% | 28.09% | 26.60% | 14.35% | 13.45% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 12.23% | 10.99% | 11.12% | 10.45% | 10.71% | 10.15% | 9.06% | 10.19% | 10.00% | 11.77% | -7.46% | -9.22% | |||||
| Net Income Growth (1Y) | 10.33% | 18.52% | -26.17% | -32.28% | -27.34% | -28.26% | 110.68% | 139.04% | 114.60% | 87.02% | -16.08% | 29.61% | |||||
| EPS Growth (1Y) | 11.22% | 18.60% | -26.03% | -32.20% | -27.53% | -28.84% | 109.25% | 136.71% | 112.19% | 85.14% | -16.87% | 28.08% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 38.87 | 43.06 | 59.90 | 66.43 | 48.13 | 62.11 | 43.48 | 40.96 | 46.05 | 49.15 | 89.41 | 106.05 | |||||
| P/B | 8.94 | 10.06 | 13.48 | 14.51 | 11.20 | 13.99 | 15.32 | 15.60 | 17.36 | 18.17 | 22.34 | 25.84 | |||||
| P/S TTM | 7.04 | 7.97 | 11.03 | 11.88 | 8.87 | 10.76 | 12.06 | 11.95 | 12.94 | 13.07 | 12.83 | 14.26 | |||||
| Market Cap | 10.96B | 11.97B | 16.11B | 16.87B | 12.30B | 14.56B | 15.84B | 15.36B | 16.19B | 16.06B | 15.46B | 16.63B | |||||
| Enterprise Value | 11.97B | 13.09B | 17.19B | 18.02B | 13.46B | 15.89B | 17.19B | 16.64B | 17.49B | 17.52B | 16.98B | 18.19B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 491.70M | 520.21M | 460.13M | 433.75M | 436.25M | 421.25M | 426.12M | 406.99M | 421.13M | 391.69M | 341.30M | 339.20M | |||||
| Net Debt | 1.01B | 1.13B | 1.08B | 1.16B | 1.16B | 1.32B | 1.35B | 1.28B | 1.29B | 1.46B | 1.52B | 1.55B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Insider Transactions
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data