---
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"
generated_at: "2026-05-22T06:40:00.728745+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bentley Systems Q1 rev $370.5M (+10.9% CC); ARR growth 12%; Adj EPS $0.35

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1031308/000103130825000003/0001031308-25-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031308/000103130825000003/bsy-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031308-25-000003
- JSON: https://secwatch.observer/filing/0001031308-25-000003.json
- Plain text: https://secwatch.observer/filing/0001031308-25-000003.txt

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