---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-013450"
form_type: "8-K"
ticker: "BSY"
cik: "0001031308"
company_name: "BENTLEY SYSTEMS INC"
filed_at: "2022-05-10T23:59:59+00:00"
generated_at: "2026-06-25T21:23:19.396655+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bentley Systems Q1 revenue up 24% to $275.5M; adjusted EPS $0.24 vs $0.20

## Summary
- Total revenues $275.5M, +24.1% YoY (+27.7% constant currency); subscriptions $241.2M, +28.2%.
- GAAP net income $56.4M, diluted EPS $0.18 (flat YoY); adjusted net income $79.6M, EPS $0.24 vs $0.20.
- ARR $962.6M, constant currency ARR growth 27% YoY; LTM recurring revenue retention 108%.
- Cash from operations $101.7M (down from $132.8M); adjusted EBITDA $97.6M, margin 35.4%.
- Completed Power Line Systems acquisition for $696M cash; cited Russia/China headwinds and platform acquisitions.

## SEC filing metadata
- accession: 0001628280-22-013450
- form_type: 8-K
- ticker: BSY
- cik: 0001031308
- company_name: BENTLEY SYSTEMS INC
- filed_at: 2022-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031308/000162828022013450/0001628280-22-013450-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031308/000162828022013450/bsy-20220510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-013450
- JSON: https://secwatch.observer/filing/0001628280-22-013450.json
- Plain text: https://secwatch.observer/filing/0001628280-22-013450.txt

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