secwatch.observer — SEC 8-K summary
======================================

Issuer:     BENTLEY SYSTEMS INC (BSY)
CIK:        0001031308
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001031308-25-000001
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031308/000103130825000001/0001031308-25-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031308/000103130825000001/bsy-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001031308-25-000001

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer