How Bentley Systems makes money

Period

FY2025

How does Bentley Systems make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Bentley Systems Incorporated · FY2025 · year ended 2025-12-31

Revenue$1.5BGross profit$1.2B · 82%Cost of revenue$278M · 18%Operating income$363M · 24%Operating expenses$862M · 57%R&D$308M · 20%SG&A$217M · 14%Selling & marketing$290M · 19%Other opex$47M · 3%Pre-tax income$351M · 23%Other expense$12M · 1%Net income$278M · 19%Income tax$73M · 5%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.