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

Issuer:     BENTLEY SYSTEMS INC (BSY)
CIK:        0001031308
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001031308-25-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031308/000103130825000003/0001031308-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031308/000103130825000003/bsy-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001031308-25-000003

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