secwatch.observer — SEC 8-K summary
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Issuer:     BENTLEY SYSTEMS INC (BSY)
CIK:        0001031308
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001031308-25-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bentley Systems Q3 2025 revenue up 12% YoY; ARR growth 10.5% constant currency; adjusted EPS $0.27
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031308/000103130825000012/0001031308-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031308/000103130825000012/bsy-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001031308-25-000012

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