BSY
$32.75+2.50%
as of close, Oct 1, 2026
☾ AH $32.75 +2.50%
Bentley Systems IncorporatedStock · TechnologyNasdaq Composite 0.02%Russell 1000 0.007%US Stock Market 0.007%Russell 3000 0.006%
BSY financial statements
The full income statement, balance sheet, and cash-flow statement for Bentley Systems Incorporated (BSY), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 302.2M2024-09 302.2M2024-12 303.1M2025-03 303.4M2025-06 303.6M2025-09 303.6M2025-12 302.9M2026-03 303.8M2026-06 302.1M-0.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.50B+11.0% | 1.35B+10.1% | 1.23B+11.8% | 1.10B+13.9% | 965M+20.4% | |
| 1.22B+11.8% | 1.10B+13.8% | 962M+11.6% | 862M+15.2% | 749M+18.0% | ||
| Cost of revenue | 278M+7.7% | 258M-3.1% | 266M+12.3% | 237M+9.5% | 217M+29.5% | |
| 862M+8.6% | 793M+8.4% | 732M+12.0% | 653M-0.1% | 654M+35.0% | ||
| Research & development | 308M+9.4% | 281M+2.4% | 275M+6.5% | 258M+16.7% | 221M+19.1% | |
| Selling, general & administrative | 217M+3.3% | 210M+16.4% | 181M+3.5% | 175M+16.3% | 150M+32.5% | |
| General & administrative | 217M+3.3% | 210M+16.4% | 181M+3.5% | 175M+16.3% | 150M+32.5% | |
| Selling & marketing | 290M+13.5% | 255M+13.7% | 224M+14.7% | 196M+20.6% | 162M+12.8% | |
| Amortization of intangibles | 32.8M-3.6% | 34.0M-11.7% | 38.5M-6.3% | 41.1M+60.6% | 25.6M+66.8% | |
| Provision for credit losses | 6.54M-11.2% | 7.37M+10.7% | 6.65M+19.9% | 5.55M+361.3% | 1.20M+220.3% | |
| Operating income | 363M+20.0% | 302M+31.1% | 231M+10.5% | 209M+120.5% | 94.6M-37.0% | |
| Interest expense | 7.58M-55.3% | 17.0M-51.5% | 35.0M-0.2% | 35.1M+204.1% | 11.5M+59.7% | |
| Interest & investment income | 2.89M+5.8% | 2.73M+77.5% | 1.54M+265.3% | 421K+37.6% | 306K-30.0% | |
| Other non-operating income | 547K-95.8% | 12.9M+279.3% | -7.22M-129.7% | 24.3M+143.9% | 9.96M-58.9% | |
| Equity-method income | 38.0K-63.5% | 104K+447.4% | 19.0K+100.9% | -2.21M+38.3% | -3.58M-44.9% | |
| Pre-tax income | 351M+19.7% | 293M+59.7% | 184M-7.4% | 198M+112.4% | 93.3M-44.3% | |
| Income tax | 73.0M+24.3% | 58.7M+141.0% | -143M-773.0% | 21.3M+717.3% | -3.45M-108.9% | |
| 278M+18.3% | 235M-28.2% | 327M+87.0% | 175M+87.5% | 93.2M-26.3% | ||
| Net income to non-controlling interest | -67.0K+81.1% | -354K | 0.00 | 0.00 | — | |
| Net income to common | 278M+18.4% | 235M-28.2% | 327M+87.0% | 175M+87.5% | 93.2M-26.2% | |
| $0.85+18.1% | $0.72-28.0% | $1.00+81.8% | $0.55+83.3% | $0.30-28.6% | ||
| EPS (basic) | $0.88+17.3% | $0.75-28.6% | $1.05+84.2% | $0.57+90.0% | $0.30-31.8% | |
| Weighted-avg shares (basic) | 315M-0.1% | 315M+0.8% | 312M+1.0% | 309M+1.1% | 306M+5.5% | |
| Weighted-avg shares (diluted) | 333M-0.2% | 334M+0.4% | 333M+0.2% | 332M+5.5% | 315M+5.1% | |
| Dividends per share | $0.28+16.7% | $0.24+20.0% | $0.20+66.7% | $0.12+0.0% | $0.12-92.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 539M+21.9% | 442M+5.4% | 420M+0.9% | 416M-32.5% | 616M+81.0% | ||
| Cash & equivalents | 123M+92.6% | 64.0M-6.4% | 68.4M-4.6% | 71.7M-78.2% | 329M+169.9% | |
| Prepaid expenses | 53.3M+5.4% | 50.5M | — | — | — | |
| 3.56B+4.6% | 3.40B+2.4% | 3.32B+4.9% | 3.17B+19.0% | 2.66B+136.2% | ||
| Property, plant & equipment | 36.0M | — | — | — | — | |
| Operating lease right-of-use | 31.1M-3.6% | 32.3M-16.0% | 38.5M-4.4% | 40.2M-20.8% | 50.8M+10.2% | |
| Goodwill | 2.48B+4.9% | 2.37B+4.3% | 2.27B+1.4% | 2.24B+40.8% | 1.59B+173.3% | |
| Intangible assets | 193M-9.8% | 214M-14.0% | 249M-14.9% | 292M+18.9% | 246M+438.8% | |
| Deferred tax assets | 170M-14.1% | 198M-6.8% | 213M+304.3% | 52.6M-26.3% | 71.4M+82.0% | |
| Other non-current assets | 75.5M-12.7% | 86.4M+28.5% | 67.3M-6.9% | 72.2M+48.5% | 48.6M+23.1% | |
| 960M+17.9% | 814M+7.1% | 760M+21.0% | 628M+5.8% | 594M+27.6% | ||
| Accounts payable | 27.0M+63.6% | 16.5M-8.9% | 18.1M+19.2% | 15.2M-7.9% | 16.5M-0.1% | |
| Accrued liabilities | 173M+2.2% | 170M-62.9% | 457M+26.3% | 362M+11.9% | 324M+42.7% | |
| Deferred revenue | 278M+13.2% | 246M-3.2% | 254M+11.8% | 227M+1.0% | 225M+11.0% | |
| Short-term & current debt | 0.00 | 0.00-100.0% | 10.0M+100.0% | 5.00M+0.0% | 5.00M | |
| Current lease liability | 13.7M+17.3% | 11.7M+0.1% | 11.6M-20.6% | 14.7M-16.1% | 17.5M+5.2% | |
| Finance lease liability (current) | — | — | — | — | 98.0K-50.3% | |
| 2.37B+0.3% | 2.36B-3.2% | 2.44B-6.0% | 2.59B+15.2% | 2.25B+186.8% | ||
| Long-term debt | 1.25B-10.0% | 1.39B-8.6% | 1.52B-14.5% | 1.78B+24.1% | 1.43B+481.7% | |
| Deferred revenue (non-current) | 18.4M+10.6% | 16.6M+4.9% | 15.9M-1.6% | 16.1M+101.9% | 7.98M+13.7% | |
| Non-current lease liability | 22.1M-17.6% | 26.9M-12.2% | 30.6M+10.7% | 27.7M-21.6% | 35.3M+11.0% | |
| Operating lease liability (total) | 35.8M-7.1% | 38.5M-8.8% | 42.3M-0.2% | 42.3M-19.7% | 52.8M+9.1% | |
| Finance lease liability (total) | — | — | — | — | 98.0K-66.9% | |
| Finance lease liability | — | — | — | — | 0.00-100.0% | |
| Deferred tax liabilities | 4.37M-49.3% | 8.61M-11.4% | 9.72M-81.0% | 51.2M-21.2% | 65.0M+499.3% | |
| Other non-current liabilities | 4.79M+25.5% | 3.82M-29.0% | 5.38M-26.9% | 7.36M-48.5% | 14.3M+10.3% | |
| 1.19B+14.3% | 1.04B+17.9% | 883M+54.0% | 573M+40.1% | 409M+19.8% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | — | — | — | 2.89M+2.3% | 2.83M+3.8% | |
| Additional paid-in capital | 1.30B+6.8% | 1.22B+8.1% | 1.13B+9.4% | 1.03B+9.9% | 938M+26.5% | |
| Retained earnings | -40.3M+47.0% | -75.9M+53.1% | -162M+56.3% | -371M+15.6% | -440M-16.9% | |
| Accumulated other comprehensive income | -74.6M+28.4% | -104M-22.5% | -85.0M+5.3% | -89.7M+2.2% | -91.8M-249.8% | |
| Non-controlling interest | 79.0K-40.6% | 133K-81.1% | 704K+0.0% | 704K | 0.00 | |
| Total equity incl. non-controlling | 1.19B+14.3% | 1.04B+17.8% | 884M+54.2% | 573M+40.1% | 409M+19.8% | |
| Total liabilities & equity | 3.56B+4.6% | 3.40B+2.4% | 3.32B+4.9% | 3.17B+19.0% | 2.66B+136.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 538M+23.7% | 435M+4.5% | 417M+51.9% | 274M-4.8% | 288M+11.5% | ||
| Depreciation & amortization | — | — | — | 71.5M+35.5% | 52.8M+46.2% | |
| Intangible amortization | 32.8M-3.6% | 34.0M-11.7% | 38.5M-6.3% | 41.1M+60.6% | 25.6M+66.8% | |
| Share-based compensation | 72.6M-2.5% | 74.4M+2.0% | 73.0M-3.0% | 75.2M+53.3% | 49.0M+52.7% | |
| Deferred income taxes | 24.3M+93.6% | 12.6M+106.3% | -199M-3779.8% | -5.13M+74.0% | -19.7M-221.5% | |
| Change in receivables | 18.6M-42.0% | 32.1M+519.0% | 5.18M-91.5% | 60.9M+71.6% | 35.5M+386.7% | |
| -112M+21.6% | -143M-136.8% | -60.5M+92.1% | -770M+27.1% | -1.06B-800.5% | ||
| Capital expenditure | 18.3M+30.0% | 14.0M-43.8% | 25.0M+34.8% | 18.5M+5.7% | 17.5M+6.6% | |
| Free cash flow | 520M+23.5% | 421M+7.5% | 392M+53.1% | 256M-5.4% | 270M+11.8% | |
| Acquisitions | 93.3M-28.5% | 130M+401.1% | 26.0M-96.5% | 743M-28.2% | 1.03B+1012.5% | |
| Purchases of investments | 981K-31.6% | 1.44M-87.6% | 11.6M+5.9% | 11.0M+168.4% | 4.08M | |
| Sales/maturities of investments | 0.00 | 0.00-100.0% | 2.12M | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | — | 0.00 | 0.00-100.0% | 2.38M | 0.00 | |
| Other investing activities | -179K+93.2% | -2.62M | 0.00 | 0.00-100.0% | 4.08M-48.0% | |
| -376M-29.8% | -290M+19.3% | -359M-247.7% | 243M-75.3% | 983M+819.8% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 125M+94.3% | 64.4M | 0.00-100.0% | 28.3M | 0.00 | |
| Dividends paid | 85.0M+17.8% | 72.1M+22.7% | 58.8M+70.3% | 34.5M+3.3% | 33.4M-92.1% | |
| Other financing activities | -203K-8.0% | -188K+1.6% | -191K-136.4% | 525K+366.5% | -197K-4.2% | |
| FX effect on cash | 9.41M+243.1% | -6.58M-1586.7% | -390K+92.0% | -4.88M+26.8% | -6.67M-85.8% | |
| Net change in cash | 59.3M+1446.1% | -4.40M-34.6% | -3.27M+98.7% | -258M-224.3% | 207M+22809.5% | |
| Interest paid | 7.85M-54.4% | 17.2M-54.0% | 37.4M+40.7% | 26.6M+474.0% | 4.63M-42.2% | |
| Income taxes paid | 51.6M-13.7% | 59.7M+37.0% | 43.6M+48.0% | 29.5M-26.7% | 40.2M+38.7% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 11.6B-18.3% | 14.2B-8.3% | 15.4B+44.9% | 10.7B-22.3% | 13.7B+24.0% | |
| P/E | 41.6×-31.0% | 60.3×-32.5% | 89.3×+57.2% | 56.8×-61.4% | 147.2×+68.3% | |
| P/S | 7.7×-26.4% | 10.5×-18.4% | 12.8×+29.9% | 9.9×-30.6% | 14.2×+3.0% | |
| P/B | 9.7×-28.5% | 13.6×-39.0% | 22.3×+8.9% | 20.5×-38.9% | 33.5×+3.5% | |
| P/FCF | 22.2×-33.9% | 33.6×-25.7% | 45.2×+27.1% | 35.6×-29.8% | 50.7×+10.9% | |
| Earnings yield | 2.4%+44.9% | 1.7%+48.1% | 1.1%-36.4% | 1.8%+159.2% | 0.68%-40.6% | |
| FCF yield | 4.5%+51.2% | 3.0%+34.6% | 2.2%-21.3% | 2.8%+42.5% | 2.0%-9.8% | |
| Dividend yield | 0.73%+42.8% | 0.51%+34.1% | 0.38%+18.1% | 0.32%+30.8% | 0.25%-93.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: BSY’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BSY filings on SEC EDGAR → Not investment advice.