{"schema_version":"secwatch.filing_event.v1","accession":"0001031308-25-000012","form_type":"8-K","ticker":"BSY","cik":"0001031308","company_name":"BENTLEY SYSTEMS INC","filed_at":"2025-11-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.591816+00:00","generated_at":"2026-05-17T00:09:18.741626+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Bentley Systems Q3 2025 revenue up 12% YoY; ARR growth 10.5% constant currency; adjusted EPS $0.27","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001031308-25-000012","json":"https://secwatch.observer/filing/0001031308-25-000012.json","markdown":"https://secwatch.observer/filing/0001031308-25-000012.md","text":"https://secwatch.observer/filing/0001031308-25-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1031308/000103130825000012/0001031308-25-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1031308/000103130825000012/bsy-20251105.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:09:18.741626+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"}