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

Issuer:     BENTLEY SYSTEMS INC (BSY)
CIK:        0001031308
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001031308-26-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bentley Systems Q1 revenue $424.2M (+14.5% YoY); ARR $1,494.5M, adjusted EPS $0.38
--------------------------------------------------------------------------------

- Total revenues $424.2M, up 14.5% (11.9% constant currency); subscriptions rev $392.5M (+14.7%).
- ARR $1,494.5M; constant currency ARR growth 11.5%; net dollar retention rate 109%.
- GAAP EPS $0.30, adjusted EPS $0.38; operating margin 29.8%, adjusted margin 33.2%.
- Cash from ops $193.4M, free cash flow $187.9M; repaid 2026 convertible notes, new $550M term loan A.
- Resources business fastest-growing sector; Public Works/Utilities demand steady.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031308/000103130826000014/0001031308-26-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031308/000103130826000014/bsy-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001031308-26-000014

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