{"schema_version":"secwatch.filing_event.v1","accession":"0001031308-25-000003","form_type":"8-K","ticker":"BSY","cik":"0001031308","company_name":"BENTLEY SYSTEMS INC","filed_at":"2025-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.207421+00:00","generated_at":"2026-05-22T06:40:00.728745+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bentley Systems Q1 rev $370.5M (+10.9% CC); ARR growth 12%; Adj EPS $0.35","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001031308-25-000003","json":"https://secwatch.observer/filing/0001031308-25-000003.json","markdown":"https://secwatch.observer/filing/0001031308-25-000003.md","text":"https://secwatch.observer/filing/0001031308-25-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1031308/000103130825000003/0001031308-25-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1031308/000103130825000003/bsy-20250507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T06:40:00.728745+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}