Bentley Systems, Incorporated (BSY)

Bentley Systems Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,420	1,353	1,228	1,099	965.05	801.54
Revenue Growth (YoY)	10.45%	10.15%	11.77%	13.89%	20.40%	8.81%
Cost of Revenue	266.04	256.63	262.16	237.01	216.54	162.46
Gross Profit	1,154	1,096	966.25	862.07	748.51	639.09
Selling, General & Admin	474.36	455.51	381.71	344.87	291.89	254.84
Research & Development	295.12	281.37	269.62	257.86	220.92	185.52
Operating Expenses	814.57	783.25	703.43	628.06	633.45	455.88
Operating Income	339.04	313.22	262.82	234.01	115.06	183.21
Interest Expense	-20.49	-15.46	-37.57	-6.03	-3.03	-7.57
Interest & Investment Income	1.98	2.73	1.54	0.42	0.31	0.44
Earnings From Equity Investments	0.14	0.1	0.02	-2.21	-3.59	-2.47
Currency Exchange Gain (Loss)	3.83	0.94	2.5	-9.9	0.83	22.92
Other Non Operating Income (Expenses)	-0.69	2.69	-13.48	1.71	1.18	0.34
EBT Excluding Unusual Items	323.81	304.23	215.83	218.01	110.77	196.86
Merger & Restructuring Charges	-9.38	-11.07	-30.45	-25.4	-20.47	-2.23
Gain (Loss) on Sale of Assets	-	-	-	2.03	-	-
Asset Writedown	-	-	-1.84	-	-	-4.7
Other Unusual Items	-	-	-	1.43	-0.55	-24.79
Pretax Income	314.43	293.16	183.55	196.06	89.74	165.15
Income Tax Expense	60.51	58.73	-143.24	21.28	-3.45	38.63
Earnings From Continuing Operations	253.92	234.43	326.79	174.78	93.19	126.52
Minority Interest in Earnings	0.37	0.35	-	-	-	-0.23
Net Income	254.28	234.79	326.79	174.78	93.19	126.29
Preferred Dividends & Other Adjustments	-0.01	-	-	-	-	-
Net Income to Common	254.29	234.79	326.79	174.78	93.19	126.29
Net Income Growth	-32.19%	-28.15%	86.97%	87.55%	-26.21%	22.50%
Shares Outstanding (Basic)	315	315	312	309	306	290
Shares Outstanding (Diluted)	333	334	333	332	315	299
Shares Change (YoY)	0.01%	0.38%	0.22%	5.45%	5.09%	1.90%
EPS (Basic)	0.81	0.75	1.05	0.57	0.30	0.44
EPS (Diluted)	0.78	0.72	1.00	0.55	0.30	0.42
EPS Growth	-31.66%	-27.86%	83.34%	82.41%	-28.57%	20.00%
Free Cash Flow	433.75	421.25	391.69	255.78	270.49	241.89
Free Cash Flow Per Share	1.30	1.26	1.18	0.77	0.86	0.81
Dividend Per Share	0.260	0.240	0.200	0.120	0.120	0.030
Dividend Growth	18.18%	20.00%	66.67%	-	300.00%	-70.00%
Gross Margin	81.26%	81.03%	78.66%	78.44%	77.56%	79.73%
Operating Margin	23.88%	23.15%	21.39%	21.29%	11.92%	22.86%
Profit Margin	17.91%	17.35%	26.60%	15.90%	9.66%	15.75%
Free Cash Flow Margin	30.55%	31.13%	31.89%	23.27%	28.03%	30.18%
EBITDA	396.24	371.28	322.9	298.92	160.83	214.62
EBITDA Margin	27.91%	27.44%	26.29%	27.20%	16.67%	26.78%
D&A For EBITDA	57.2	58.07	60.08	64.91	45.77	31.42
EBIT	339.04	313.22	262.82	234.01	115.06	183.21
EBIT Margin	23.88%	23.15%	21.39%	21.29%	11.92%	22.86%
Effective Tax Rate	19.25%	20.03%	-	10.85%	-	23.39%
Revenue as Reported	1,420	1,353	1,228	1,099	965.05	801.54
Advertising Expenses	-	6.38	5.37	6.89	2.4	1.73

Updated Aug 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q