Bentley Systems, Incorporated (BSY)
NASDAQ: BSY · Real-Time Price · USD
44.13
-0.81 (-1.80%)
Nov 6, 2026, 11:28 AM EST - Market open
Bentley Systems Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Net Income | 322.6 | 277.86 | 234.79 | 326.79 | 174.78 | 93.19 |
Depreciation & Amortization | 58.48 | 62.21 | 62.9 | 71 | 64.91 | 45.77 |
Other Amortization | 8.83 | 11.25 | 9.05 | 8.16 | 13.92 | 12.98 |
Stock-Based Compensation | 94.18 | 86.99 | 86.8 | 86.55 | 59.42 | 144.09 |
Other Operating Activities | 19.23 | 40.84 | 19.22 | -173.25 | -23.62 | -24.11 |
Change in Accounts Receivable | -56.07 | -18.58 | -32.06 | -5.18 | -60.94 | -35.52 |
Change in Accounts Payable | 0.3 | -18.44 | -16.64 | -9.17 | 29.18 | 47.96 |
Change in Unearned Revenue | 15.27 | 19.01 | -1.79 | 19.93 | 2.29 | 5.34 |
Change in Income Taxes | -6.38 | -10.39 | -12.55 | 9.85 | 0.32 | -15.93 |
Change in Other Net Operating Assets | 59.5 | 87.73 | 85.59 | 82.01 | 14.05 | 14.26 |
Operating Cash Flow | 515.94 | 538.46 | 435.29 | 416.7 | 274.32 | 288.02 |
Operating Cash Flow Growth | 7.82% | 23.70% | 4.46% | 51.90% | -4.76% | 11.49% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -26.68 | -18.26 | -14.05 | -25 | -18.55 | -17.54 |
Sale of Property, Plant & Equipment | - | - | - | - | 2.38 | - |
Cash Acquisitions | -93.25 | -93.25 | -130.41 | -26.02 | -743.01 | -1,035 |
Investment in Securities | -0.98 | -0.98 | -1.44 | -9.48 | -10.95 | -4.08 |
Other Investing Activities | 0.75 | 0.18 | 2.62 | - | - | - |
Investing Cash Flow | -120.16 | -112.31 | -143.27 | -60.5 | -770.13 | -1,057 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 289.57 | 517.64 | 588.15 | 833.29 | 2,178 |
Total Debt Issued | 1,801 | 289.57 | 517.64 | 588.15 | 833.29 | 2,178 |
Long-Term Debt Repaid | - | -434.68 | -664.36 | -846.72 | -492.69 | -991.31 |
Total Debt Repaid | -1,889 | -434.68 | -664.36 | -846.72 | -492.69 | -991.31 |
Net Debt Issued (Repaid) | -87.58 | -145.11 | -146.71 | -258.57 | 340.6 | 1,187 |
Issuance of Common Stock | 11.76 | 11.53 | 15.24 | 21.7 | 18.67 | 9.45 |
Repurchase of Common Stock | -232.06 | -157.24 | -76.86 | -58.94 | -71.81 | -120.54 |
Common Dividends Paid | -84.78 | -84.96 | -72.12 | -58.76 | -34.49 | -33.4 |
Other Financing Activities | -1.45 | -0.51 | -9.39 | -4.52 | -9.93 | -59.82 |
Financing Cash Flow | -394.11 | -376.3 | -289.85 | -359.07 | 243.03 | 982.58 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -3.75 | 9.41 | -6.58 | -0.39 | -4.88 | -6.67 |
Net Cash Flow | -2.07 | 59.27 | -4.4 | -3.27 | -257.65 | 207.33 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 489.26 | 520.21 | 421.25 | 391.69 | 255.78 | 270.49 |
Free Cash Flow Growth | 6.33% | 23.49% | 7.54% | 53.14% | -5.44% | 11.82% |
Free Cash Flow Margin | 29.69% | 34.64% | 31.13% | 31.89% | 23.27% | 28.03% |
Free Cash Flow Per Share | 1.51 | 1.56 | 1.26 | 1.18 | 0.77 | 0.86 |
Levered Free Cash Flow | 341.79 | 462.75 | 363.2 | 397.76 | 247.69 | 274.08 |
Unlevered Free Cash Flow | 358.67 | 466.53 | 365.52 | 414.53 | 244.17 | 270.02 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 7.85 | 7.85 | 17.2 | 37.39 | 26.58 | 4.63 |
Cash Income Tax Paid | 59.1 | 59.1 | 57.53 | 42.43 | 25.89 | 30.83 |
Change in Working Capital | 12.62 | 59.32 | 22.54 | 97.45 | -15.09 | 16.11 |