Bentley Systems, Incorporated (BSY)

From the record

Bentley Systems, Incorporated's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Bentley Systems, Incorporated's 8 filed years say what it did: revenue went from $692 million in fiscal 2018 to $1.5 billion in fiscal 2025, up 11.7% a year; it rose in 7 of 7 years; it never fell from a peak; net income was positive in 8 of 8 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Bentley Systems, Incorporated's diluted share count grew about 0.1% a year, and dividends and buybacks returned about 29% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 10 sales (8 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Bentley Systems, Incorporated earned about 23 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 34 cents per dollar of everything the company owns. Leverage: it owed about 67 cents per dollar of assets, and net share issuance: its share count shrank 0.2% over the year (the filed statements).

From the record

Bentley Systems, Incorporated's standing among 218 graded names in its industry family: revenue of $1.5 billion in fiscal 2025 ranks in the top 22% by size; a net margin of 18.5% ranks in the top 17%; revenue growth of 11% a year over the last 3 filed years ranks in the bottom 48% (its annual reports).

From the record

Bentley Systems, Incorporated's leadership, from its insiders' filings and its current reports: the chief executive on the record is Cumins, Nicholas (Chief Executive Officer, as filed), filing under that title since 2024-09-30, 2.1 years (bottom 30% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 6.1 years (top 37%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (top 23%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Bentley Systems, Incorporated's room to grow, from the newest filed statements (fiscal 2025): cash of $123 million against debt of $1.2 billion leaves -31.7% of its assets as net cash, bottom 7% of its family; cash from operations less capital spending is 34.6% of revenue (top 9%); a gross margin of 81.5% (top 16%); research spending of 20.5% of revenue (bottom 48%) (its annual report).

From the record

Bentley Systems, Incorporated's growth drivers, from the filed years to fiscal 2025: revenue grew 11% a year over the last three filed years against 11.7% over all 8, slowing (top 37% of its family); the newest year grew 11% (bottom 43%); research spending grew 6.1% a year (bottom 46%); capital spending grew -0.5% a year (top 49%) (its annual reports). Bentley Systems, Incorporated reported 6 product lines in fiscal 2025: Enterprise License Subscriptions at $623 million (42%), Term License Subscriptions at $486 million (32%), SELECT Subscriptions at $267 million (18%), and 3 more; 5 of 6 grew against the year before (its annual report).

From the record

Bentley Systems, Incorporated's newest year against its own record: revenue of $1.5 billion in fiscal 2025 came in 0% above the $1.5 billion its prior three years' pace pointed to (top 46% of its family); net income of $278 million against a prior three-year average of $245 million (bottom 34%); a net margin of 18.5% against 20% before (bottom 24%) (its annual reports).