earnings
confidence high
sentiment positive
materiality 0.75
Bentley Systems Q2 revenue $410.7M (+12.8% YoY); ARR $1.536B, adj EPS $0.35
BENTLEY SYSTEMS INC
- Total revenues $410.7M (+12.8% YoY); subscriptions $378.6M (+13.6% YoY).
- ARR $1,536.0M as of June 30, 2026; constant currency ARR growth 12%; net retention rate 109%.
- GAAP diluted EPS $0.25 (vs $0.22); adjusted EPS $0.35 (vs $0.32).
- Operating margin 21.6% (down from 23.2%); adjusted operating margin 28.3% (down from 29.3%).
- Free cash flow $63.8M in Q2 (+12% YoY); LTM free cash flow growth 15%.