---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-004357"
form_type: "8-K"
ticker: "BSY"
cik: "0001031308"
company_name: "BENTLEY SYSTEMS INC"
filed_at: "2022-03-01T23:59:59+00:00"
generated_at: "2026-06-27T02:43:50.154611+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Bentley Systems reports Q4 2021 revenues up 21.9% YoY; ARR $921.2M; provides 2022 outlook

## Summary
- Q4 total revenues $267.7M (+21.9% YoY); subscriptions revenues $223.1M (+25.2% YoY).
- ARR $921.2M as of Dec 31, 2021; constant currency ARR growth 26% from Dec 31, 2020.
- Adjusted net income Q4 $72.0M ($0.23 diluted) vs $52.3M ($0.17); full year $266.9M ($0.85) vs $192.8M ($0.64).
- GAAP net income Q4 $38.6M ($0.12) vs $51.9M ($0.17); full year $93.2M ($0.30) vs $126.5M ($0.42); 2021 includes $83.4M tax-effected deferred comp charge.
- 2022 outlook: revenues $1.11-1.14B; constant currency ARR growth 14-16%; Adjusted EBITDA $370-380M. Power Line Systems acquisition closed Jan 31 for ~$700M cash.

## SEC filing metadata
- accession: 0001628280-22-004357
- form_type: 8-K
- ticker: BSY
- cik: 0001031308
- company_name: BENTLEY SYSTEMS INC
- filed_at: 2022-03-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031308/000162828022004357/0001628280-22-004357-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031308/000162828022004357/bsy-20220301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-004357
- JSON: https://secwatch.observer/filing/0001628280-22-004357.json
- Plain text: https://secwatch.observer/filing/0001628280-22-004357.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.