---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-028750"
form_type: "8-K"
ticker: "BSY"
cik: "0001031308"
company_name: "BENTLEY SYSTEMS INC"
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T02:39:42.637958+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bentley Systems Q3 2022: revenue $268.3M (+6.7% reported, +14.7% CC); adj. EPS $0.19 vs $0.17

## Summary
- Subscriptions revenue $235.3M (+9.4% reported, +17.6% CC); GAAP net income $37.0M ($0.12 diluted) vs loss $48.0M a year ago.
- Adjusted Net Income $61.8M ($0.19/diluted share) vs $56.3M ($0.17) last year; Adjusted EBITDA $89.7M, margin 33.4%.
- ARR $983.7M as of Sep 30, 2022 with constant currency ARR growth of 14% from Sep 30, 2021.
- Full-year 2022 constant currency guidance reaffirmed: total revenue growth 16.9%-20.1%, ARR growth 14%-16%; forex may reduce reported revenue by ~$40M.
- Business performance ARR growth 11.5% (excludes Russia write-down and platform acquisitions); net retention rate 110% vs 106% last year.

## SEC filing metadata
- accession: 0001628280-22-028750
- form_type: 8-K
- ticker: BSY
- cik: 0001031308
- company_name: BENTLEY SYSTEMS INC
- filed_at: 2022-11-08T23:59:59+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/1031308/000162828022028750/0001628280-22-028750-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031308/000162828022028750/bsy-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-028750
- JSON: https://secwatch.observer/filing/0001628280-22-028750.json
- Plain text: https://secwatch.observer/filing/0001628280-22-028750.txt

## Key facts
- Earnings Releases
  BENTLEY SYSTEMS INC reported third quarter of 2022 results: revenue $268.3 million, net income $37.0 million, EPS $0.12.
  - Period: third quarter of 2022
  - Revenue: $268.3 million
  - Net income: $37.0 million
  - EPS: $0.12
  - Result: reported results
  source text: software company, today announced operating results for its third quarter and nine months ended September 30, 2022. Third Quarter 2022 Financial Results • Total revenues were $268.3 million, up 6.7% or 14.7% on a constant currency basis, year-over-year; • Subscriptions revenues were $235.3 million, up 9.4% or 17.6% on a constant currency basis, year-over-year; •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031308/000162828022028750/0001628280-22-028750-index.htm

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