---
schema_version: "secwatch.filing_event.v1"
accession: "0001031308-24-000008"
form_type: "8-K"
ticker: "BSY"
cik: "0001031308"
company_name: "BENTLEY SYSTEMS INC"
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:05:13.635368+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bentley Systems Q2 revenue up 11.3%, EPS $0.22, CEO transition to Cumins

## Summary
- Total revenues $330.3M (+11.3% YoY; +11.9% constant currency); subscriptions $297.4M (+14.7%).
- GAAP EPS $0.22 (vs $0.15); adjusted EPS $0.31 (vs $0.24); operating margin 24.3% (vs 18.0%).
- ARR $1,215.9M (+11% constant currency); net retention rate 108%.
- Cash flow from operations $62.6M (vs $80.6M); six-month cash flow $267.6M (vs $256.8M).
- CEO transition: Greg Bentley becomes Executive Chair; Nicholas Cumins promoted to CEO effective July 1.

## SEC filing metadata
- accession: 0001031308-24-000008
- form_type: 8-K
- ticker: BSY
- cik: 0001031308
- company_name: BENTLEY SYSTEMS INC
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031308/000103130824000008/0001031308-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031308/000103130824000008/bsy-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031308-24-000008
- JSON: https://secwatch.observer/filing/0001031308-24-000008.json
- Plain text: https://secwatch.observer/filing/0001031308-24-000008.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.