Bentley Systems, Incorporated (BSY) — Financial statements
Income statement, balance sheet, and cash flow for Bentley Systems, Incorporated — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,502↑11.0% | 1,353↑10.1% | 1,228↑11.8% | 1,099↑13.9% | 965 | |
| Cost of Revenue | 278↑7.7% | 258↓19.0% | 318↑34.2% | 237↑9.5% | 217 | |
| Gross Profit | 1,224↑11.8% | 1,095↑20.3% | 910↑5.6% | 862↑15.2% | 749 | |
| Operating Expenses | ||||||
| R&D Expenses | 308↑9.4% | 281↑2.4% | 275↑6.5% | 258↑16.7% | 221 | |
| General & Administrative Expenses | 217↓2.4% | 223↑14.6% | 194↑22.3% | 159↓35.2% | 245 | |
| Selling & Marketing Expenses | 290↑13.5% | 255↑13.7% | 224↑14.7% | 196↑20.6% | 162 | |
| SG&A Expenses | 507↑6.1% | 478↑14.2% | 419↑18.1% | 354↓13.0% | 407 | |
| Other Expenses | 47↑38.8% | 34↑350.4% | -14↓133.0% | 41↑60.6% | 26 | |
| Operating Expenses | 862↑8.6% | 793↑16.7% | 680↑4.0% | 653↓0.1% | 654 | |
| Total Costs & Expenses | 1,139↑8.4% | 1,051↑5.3% | 998↑12.1% | 890↑2.3% | 870 | |
| Operating Results | ||||||
| Operating Income | 363↑20.0% | 302↑31.1% | 231↑10.5% | 209↑120.5% | 95 | |
| Depreciation & Amortization | 66↑2.0% | 65↑1.6% | 64↓11.1% | 72↑59.2% | 45 | |
| EBITDA | 429↑12.2% | 382↑32.6% | 288↓5.4% | 305↑100.1% | 152 | |
| EBIT | 363↑14.3% | 318↑41.3% | 225↓3.6% | 233↑117.3% | 107 | |
| Interest & Other Income | ||||||
| Net Interest Income | -12↑43.6% | -22↑44.6% | -40↓14.9% | -35↓208.7% | -11 | |
| Interest Income | 0.00↓100.0% | 3↑77.5% | 2↑265.3% | 0.42↑37.6% | 0.31 | |
| Interest Expense | 12↓49.8% | 25↓40.1% | 41↑17.9% | 35↑204.1% | 12 | |
| Non-Operating Income | -0.55↑96.5% | -16↓375.8% | 6↑123.0% | -25↓93.0% | -13 | |
| Other Income / Expenses | -12↓32.2% | -9↑80.9% | -47↓274.7% | -13↓896.0% | -1 | |
| Income Before Tax | 351↑19.6% | 293↑59.7% | 184↓6.4% | 196↑110.1% | 93 | |
| Income Tax Expense | 73↑24.3% | 59↑141.0% | -143↓773.0% | 21↑717.3% | -3 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 278↑18.5% | 234↓28.3% | 327↑87.0% | 175↑80.6% | 97 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 278↑18.3% | 235↓28.2% | 327↑87.0% | 175↑87.5% | 93 | |
| Bottom-Line Net Income | 278↑15.0% | 242↓27.6% | 334↑83.7% | 182↑94.8% | 93 | |
| EPS (Basic) | 0.88↑17.3% | 0.75↓29.9% | 1.07↑87.7% | 0.57↑90.0% | 0.30 | |
| EPS (Diluted) | 0.85↑18.1% | 0.72↓28.0% | 1.00↑88.7% | 0.53↑76.7% | 0.30 | |
| Weighted Average Shares | 315↓0.1% | 315↑0.8% | 312↑1.0% | 309↑1.1% | 306 | |
| Weighted Average Diluted Shares | 333↓0.2% | 334↑0.4% | 333↑0.2% | 332↑5.5% | 315 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.