Bentley Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,502	1,353	1,228	1,099	965.05
Revenue Growth (YoY)	10.99%	10.15%	11.77%	13.89%	20.40%
Cost of Revenue	277.53	257.77	266.08	237.01	216.54
Gross Profit	1,224	1,095	962.33	862.07	748.51
Selling, General & Admin	506.88	465.55	405.07	370.27	312.36
Depreciation & Amortization Expenses	32.77	34	38.52	41.11	25.6
Research & Development	307.58	281.25	274.62	257.86	220.92
Other Operating Expenses	14.41	12.38	13.58	-15.78	95.05
Operating Income	362.62	302.15	230.54	208.61	94.59
Interest Income	-0.04	-0.1	-0.02	2.21	3.59
Interest Expense	-12.44	-22.04	-39.79	-34.64	-11.22
Other Non-Operating Income (Expense)	0.55	12.95	-7.22	24.3	9.96
Total Non-Operating Income (Expense)	-11.93	-9.2	-47.03	-8.13	2.33
Pretax Income	350.73	293.06	183.53	198.28	93.33
Provision for Income Taxes	72.98	58.73	-143.24	21.28	-3.45
Net Income	277.86	234.79	326.79	174.78	93.19
Minority Interest in Earnings	0.07	0.35	-	-	-
Net Income to Common	277.86	234.79	326.79	174.78	93.19
Net Income Growth	18.35%	-28.15%	86.97%	87.55%	-26.21%
Shares Outstanding (Basic)	315	315	312	309	306
Shares Outstanding (Diluted)	333	334	333	332	315
Shares Change (YoY)	-0.21%	0.38%	0.22%	5.45%	5.09%
EPS (Basic)	0.88	0.75	1.05	0.57	0.30
EPS (Diluted)	0.85	0.72	1.00	0.55	0.30
EPS Growth	18.06%	-28.00%	81.82%	83.33%	-28.57%
Free Cash Flow	520.21	421.25	391.69	255.78	270.49
Free Cash Flow Growth	23.49%	7.54%	53.14%	-5.44%	11.82%
Free Cash Flow Per Share	1.56	1.26	1.18	0.77	0.86
Dividends Per Share	0.280	0.240	0.200	0.120	0.120
Dividend Growth	16.67%	20.00%	66.67%	-	300.00%
Gross Margin	81.52%	80.95%	78.34%	78.44%	77.56%
Operating Margin	24.15%	22.33%	18.77%	18.98%	9.80%
Profit Margin	18.50%	17.33%	26.60%	15.90%	9.66%
FCF Margin	34.64%	31.13%	31.89%	23.27%	28.03%
EBITDA	428.5	366.76	302.4	280.15	147.38
EBITDA Margin	28.53%	27.11%	24.62%	25.49%	15.27%
EBIT	362.62	302.15	230.54	208.61	94.59
EBIT Margin	24.15%	22.33%	18.77%	18.98%	9.80%
Effective Tax Rate	20.81%	20.04%	-78.05%	10.73%	-3.69%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.