Bentley Systems, Incorporated (BSY)

Bentley Systems Operating Metrics

Period Ending	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Account Retention Rate	-	99.00%	99.00%	99.00%	99.00%	99.00%	98.00%	97.00%	98.00%
Annual Recurring Revenue	1.38B	1.32B	1.28B	1.27B	1.22B	1.19B	1.17B	1.12B
Annual Recurring Revenue Growth	13.43%	11.19%	9.24%	12.97%	9.95%	10.78%	13.34%	14.35%
Recurring Revenues Retention Rate	-	110.00%	110.00%	109.00%	108.00%	108.00%	109.00%	110.00%	110.00%

Revenue by Segment

Period Ending	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021
Subscriptions	1.29B	1.26B	1.22B	1.18B	1.15B	1.11B	1.08B	1.06B
Subscriptions Growth	12.79%	13.43%	13.24%	11.41%	12.10%	11.31%	12.51%	13.68%
Services	78.47M	80.04M	83.77M	89.14M	92.45M	96.21M	102.07M	100.08M
Services Growth	-15.12%	-16.81%	-17.93%	-10.93%	-7.24%	-2.25%	6.89%	3.05%
Perpetual Licenses	46.57M	47.24M	45.96M	44.54M	45.15M	46.00M	46.04M	45.32M
Perpetual Licenses Growth	3.15%	2.69%	-0.17%	-1.72%	5.27%	7.69%	6.13%	-11.01%

Revenue by Geography

Period Ending	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021
Americas	749.53M	731.78M	717.00M	697.49M	684.25M	666.77M	650.93M	634.12M
Americas Growth	9.54%	9.75%	10.15%	9.99%	11.56%	11.34%	11.31%	10.18%
Europe, Middle East, and Africa	410.22M	400.68M	388.38M	376.24M	367.85M	355.43M	353.55M	348.34M
Europe, Middle East, and Africa Growth	11.52%	12.73%	9.85%	8.01%	9.22%	8.31%	13.03%	12.74%
Asia	259.89M	253.42M	247.71M	240.18M	233.25M	229.56M	223.94M	222.26M
Asia Growth	11.42%	10.39%	10.62%	8.07%	7.85%	8.83%	11.14%	11.55%

Operating Expense Breakdown

Period Ending	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021
Research and Development	295.00M	285.33M	281.25M	275.39M	270.78M	275.19M	274.62M	271.27M
Research and Development Growth	8.94%	3.68%	2.41%	1.52%	0.43%	4.09%	6.50%	7.24%
Sales and Marketing	276.59M	263.85M	255.18M	240.53M	229.35M	226.58M	224.34M	214.21M
Sales and Marketing Growth	20.60%	16.45%	13.75%	12.29%	11.03%	12.27%	14.68%	13.30%
General and Administrative	206.12M	221.12M	220.37M	214.69M	206.01M	180.41M	180.74M	174.41M
General and Administrative Growth	0.06%	22.56%	21.93%	23.10%	21.52%	5.94%	3.49%	3.28%
Amortization	33.05M	33.24M	34.00M	34.67M	35.82M	36.93M	38.52M	39.81M
Amortization Growth	-7.73%	-9.99%	-11.73%	-12.93%	-12.08%	-11.56%	-6.32%	0.11%
Deferred Compensation	12.04M	5.34M	12.38M	22.48M	12.34M	15.23M	13.58M	10.85M						-	-
Deferred Compensation Growth	-2.44%	-64.96%	-8.82%	107.13%	30.74%	-	-	-						-	-

Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.