---
schema_version: "secwatch.filing_event.v1"
accession: "0001031308-25-000001"
form_type: "8-K"
ticker: "BSY"
cik: "0001031308"
company_name: "BENTLEY SYSTEMS INC"
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:07:51.674074+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bentley Systems Q4 revenue up 12.6%, ARR growth 12%; guides 2025 revenue $1.461-1.490B

## Summary
- Q4 total revenues $349.8M (+12.6% YoY); subscriptions $315.6M (+15.8%); ARR $1,283.3M (12% constant currency growth).
- GAAP diluted EPS $0.16 (vs $0.54); adjusted EPS $0.21 (vs $0.20). Full-year GAAP EPS $0.72 (vs $1.00); adjusted EPS $1.07 (vs $0.91).
- Full-year operating margin improved to 22.3% from 18.8%; adjusted OI w/SBC margin 27.5% vs 26.4%.
- 2025 outlook: revenue $1.461-1.490B; constant currency ARR growth 10.5-12.5%; adjusted OI w/SBC margin ~28.5% (100 bps improvement).
- Increases quarterly dividend; amount and dates not specified in provided filing text.

## SEC filing metadata
- accession: 0001031308-25-000001
- form_type: 8-K
- ticker: BSY
- cik: 0001031308
- company_name: BENTLEY SYSTEMS INC
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1031308/000103130825000001/0001031308-25-000001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031308/000103130825000001/bsy-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031308-25-000001
- JSON: https://secwatch.observer/filing/0001031308-25-000001.json
- Plain text: https://secwatch.observer/filing/0001031308-25-000001.txt

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