earnings
confidence high
sentiment positive
materiality 0.80
Bentley Systems Q3 2025 revenue up 12% YoY; ARR growth 10.5% constant currency; adjusted EPS $0.27
BENTLEY SYSTEMS INC
2025-Q3 EPS reported
$0.67
revenue$1,110,197,000
- Total revenues $375.5M (+12% YoY); subscriptions $344.3M (+13.5% YoY); ARR $1,405.2M (+10.5% CC).
- GAAP EPS $0.18 vs $0.13 YoY; adjusted EPS $0.27 vs $0.24; operating margin 22.5% (20.5% prior).
- Cash from ops $116.4M vs $86.1M; free cash flow $110.7M vs $84.3M; nine-month CFO $396.9M.
- Management highlights AI product announcements at Year in Infrastructure conference; expects growth in programmatic consumption.
- Balance sheet strength supports stock repurchases to offset SBC dilution, dividend, and potential M&A (CFO commentary).