---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-021735"
form_type: "8-K"
ticker: "BSY"
cik: "0001031308"
company_name: "BENTLEY SYSTEMS INC"
filed_at: "2022-08-09T23:59:59+00:00"
generated_at: "2026-06-24T01:44:26.823098+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bentley Systems Q2 revenue $268M (+20% YoY); ARR $972M; adj. EBITDA margin 32.2%

## Summary
- Q2 total revenues $268.3M (+19.8% YoY; +26.2% cc); subscriptions $232.2M (+24.5%; +31.3% cc).
- ARR $971.9M at June 30, 2022, up 14% from June 30, 2021; constant-currency ARR growth 11.5% incl. Russia write-down.
- GAAP net income $55.7M ($0.17 diluted EPS) vs $45.6M ($0.14); adjusted net income $73.8M ($0.22) vs $74.5M ($0.23).
- Adjusted EBITDA $86.5M (32.2% margin) vs $69.3M (31.0%); cash from operations $67.0M vs $16.2M YoY.
- CFO guides FY2022 revenue may be ~$25M lower if current FX persists, but adj. EBITDA margin remains ~33%; outlook unchanged.

## SEC filing metadata
- accession: 0001628280-22-021735
- form_type: 8-K
- ticker: BSY
- cik: 0001031308
- company_name: BENTLEY SYSTEMS INC
- filed_at: 2022-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1031308/000162828022021735/0001628280-22-021735-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031308/000162828022021735/bsy-20220809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-021735
- JSON: https://secwatch.observer/filing/0001628280-22-021735.json
- Plain text: https://secwatch.observer/filing/0001628280-22-021735.txt

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