earnings
confidence high
sentiment positive
materiality 0.75
Bentley Systems Q1 rev $370.5M (+10.9% CC); ARR growth 12%; Adj EPS $0.35
BENTLEY SYSTEMS INC
2025-Q1 EPS reported
$0.28
revenue$370,542,000
- Total revenues $370.5M (+9.7% YoY, +10.9% constant currency); subscriptions $342.3M (+11.5% YoY, +12.7% CC).
- ARR grew 12% on constant currency to $1,319.3M; net dollar-based retention rate improved to 110% (from 108%).
- GAAP diluted EPS $0.28 vs $0.22 prior year; Adjusted diluted EPS $0.35 vs $0.31.
- Adjusted operating income margin (less SBC) improved to 34.1% from 33.3%; operating cash flow $219.4M; free cash flow $216.4M.
- Management reiterates financial outlook for 2025, citing resilient demand from infrastructure spending and cautious optimism despite tariff uncertainties.