Bentley Systems, Incorporated (BSY)

Nasdaq: BSY · Services-Prepackaged Software · Exton, PA · filing with the SEC since 2002

Grade5.8

◀ Past 6.7● Present 6.2▶ Future 4.8

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Report filed	Feb 26, 2026	Feb 26, 2025	Feb 27, 2024	Feb 28, 2023	Mar 1, 2022	Mar 2, 2021	·	·
Revenue	1,501,779	1,353,095	1,228,413	1,099,082	965,046	801,544	736,654	691,710
Cost of revenue	277,530	257,767	266,083	237,013	216,539	167,155	144,150	131,324
Gross profit	1,224,249	1,095,328	962,330	862,069	748,507	634,389	592,504	560,386
Research and development	307,576	281,247	274,619	257,856	220,915	185,515	183,552	175,032
Sales and marketing	289,543	255,177	224,336	195,622	162,240	143,791	155,294	160,635
General and administrative	217,332	210,374	180,738	174,647	150,116	113,274^r	97,172^r	89,328
Total operating expenses	861,628	793,178	731,788	653,457	653,918	484,239	450,639	438,995
Operating income	362,621	302,150	230,542	208,612	94,589	150,150	141,865	121,391
Interest expense	7,581	16,967	34,973	26,275	5,464	7,217^r	9,731	9,607
Interest and investment income	2,887	2,730	1,538	421	306	437	1,532	842
Interest income (expense), net	-12,435	-22,044	-39,793	-34,635	-11,221^r	-6,780^r	-8,199	-8,765
Share of profit of equity-method investments	38	104	19	-2,212	-3,585	-2,474	-1,275	0
Other income (expense), net	547	12,949	-7,222	24,298	9,961^r	24,250^r	-5,557	236
Income before income taxes	350,733	293,055	183,527	198,275	93,329	167,620	128,109	112,862
Income tax expense	72,977	58,726	-143,241	21,283	-3,448	38,625	23,738	-29,250
Net income including non-controlling interests	277,794	234,433	326,787	174,780	93,192	126,521	·	·
Net income to non-controlling interests	-67	-354	0	0	·	·	·	·
Net income	277,861	234,787	326,787	174,780	93,192	126,521	103,096	142,112
Net income to common shareholders	277,803	234,703	326,713	174,738	93,183	126,287	103,088	142,108
Earnings per share, basic	0.88	0.75	1.05	0.57	0.30	0.44	0.36	0.50
Earnings per share, diluted	0.85	0.72	1.00	0.55	0.30	0.42	0.35	0.49
Weighted average shares, basic	314,690,707	314,886,615	312,358,823	309,226,677	305,711,345	289,863,272	284,625,642	285,805,096
Weighted average shares, diluted	333,089,213	333,774,167	332,503,633	331,765,158	314,610,814	299,371,129	293,796,707	292,624,496

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:Revenues

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseDebt
us-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Interest income (expense), net interest earned less interest paid, outside the businessus-gaap:InterestIncomeExpenseNonoperatingNet

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton BSY · research, not advice