Highest-materiality recent filing
Bentley Systems Q2 revenue $410.7M (+12.8% YoY); ARR $1.536B, adj EPS $0.35
Total revenues $410.7M (+12.8% YoY); subscriptions $378.6M (+13.6% YoY).
Bentley Systems declares $0.07 Q2 dividend; all director nominees elected at annual meeting
Dividend of $0.07 per share payable June 11, 2026 to holders of record June 2, 2026.
Bentley Systems Q1 revenue $424.2M (+14.5% YoY); ARR $1,494.5M, adjusted EPS $0.38
Total revenues $424.2M, up 14.5% (11.9% constant currency); subscriptions rev $392.5M (+14.7%).
Bentley Systems adds $550M senior secured term loan, matures Oct 2029
New $550M term loan entered on Apr 23, 2026 under Second Amended and Restated Credit Agreement.
Bentley Systems Q4 revenue $391.6M (+11.9% YoY); FY2026 guidance targets 11-13% CC growth
Q4 total revenues $391.6M (+11.9% YoY); subscriptions $356.6M (+13%); ARR $1.46B (+11.5% constant currency).
Q4 2025 cash dividend of $0.07 per share; payable Dec 11, 2025 to holders of record Dec 4, 2025.
Bentley Systems Q3 2025 revenue up 12% YoY; ARR growth 10.5% constant currency; adjusted EPS $0.27
Total revenues $375.5M (+12% YoY); subscriptions $344.3M (+13.5% YoY); ARR $1,405.2M (+10.5% CC).
Bentley Systems elects physical settlement for 0.125% convertible notes due 2026
Notice given to switch conversion settlement method to Physical Settlement for 0.125% Convertible Notes due 2026.
Bentley Systems declares $0.07 Q3 dividend, payable Sept 30 to holders of record Sept 23
Dividend of $0.07 per share declared for Q3 2025.
Bentley Systems Q2 2025: Revenue $364.1M (+10.2%), ARR growth 11.5%, adjusted EPS $0.32
Total revenues $364.1M (+10.2% YoY); subscriptions $333.5M (+12.1%).
Bentley Systems declares $0.07 quarterly dividend, payable June 12
Board declared a $0.07 per share dividend for Q2 2025.
Bentley Systems Q1 rev $370.5M (+10.9% CC); ARR growth 12%; Adj EPS $0.35
Total revenues $370.5M (+9.7% YoY, +10.9% constant currency); subscriptions $342.3M (+11.5% YoY, +12.7% CC).
Bentley Systems Q4 revenue up 12.6%, ARR growth 12%; guides 2025 revenue $1.461-1.490B
Q4 total revenues $349.8M (+12.6% YoY); subscriptions $315.6M (+15.8%); ARR $1,283.3M (12% constant currency growth).
Bentley Systems appoints James Lee as COO; CPO Mike Campbell departs
James Lee appointed COO effective Jan 13, 2025; joins from Google Cloud where he was GM for startups and AI.
Bentley Systems declares Q4 2024 dividend of $0.06 per share
Cash dividend of $0.06 per share declared for Q4 2024.
Bentley Systems Q3 revenue up 9.3% to $335M; adjusted EPS $0.24
Total revenues $335.2M, up 9.3% YoY; subscriptions revenue $303.2M, up 12.0% YoY.
Bentley Systems enters $1.3B revolving credit facility maturing 2029
Credit agreement provides $1.3B revolving facility, including $125M swingline and $125M letters of credit.
CEO Nicholas Cumins appointed to Bentley Systems board; Q3 dividend declared at $0.06
CEO Nicholas Cumins appointed to Board; board size increased from 7 to 8 directors.
Bentley Systems Q2 revenue up 11.3%, EPS $0.22, CEO transition to Cumins
Total revenues $330.3M (+11.3% YoY; +11.9% constant currency); subscriptions $297.4M (+14.7%).
Bentley Systems grants 50,161 RSUs to CFO Werner Andre
Grant of 50,161 time-based restricted stock units to CFO Werner Andre under 2020 Omnibus Incentive Plan.
Bentley Systems sets CEO Cumins' compensation: $825K salary, $200K+ RSU grant, severance policy
Cumins receives $825,755 base salary and OTI target of $825,755 effective July 1, 2024, plus 2,337 RSUs and PSUs as top-up.
Bentley Systems declares $0.06 quarterly dividend; annual meeting votes pass
Board declared $0.06 per share dividend for Q2 2024, payable June 13, 2024 to holders of record June 4, 2024.
Bentley Systems Q1 revenue $337.8M, up 7.4% YoY; CEO transition to Cumins on July 1
Total revenues $337.8M (+7.4% YoY); subscription rev $307.1M (+10.5%); ARR $1,186.5M (+11% constant currency).
Greg Bentley will step down as CEO effective July 1, 2024, becoming Executive Chair; COO Nicholas Cumins promoted to CEO and proposed for Board.
Bentley Systems Q4 revenue $310.6M, ARR growth 12.5%; raises dividend, issues 2024 guidance
Q4 total revenues $310.6M (+8.3% YoY); FY revenues $1,228.4M (+11.8% YoY).
Bentley Systems declares $0.05 per share Q4 2023 dividend; payable Dec 14
$0.05 per share dividend declared for Q4 2023.
Bentley Systems Q3 revenue up 14.3% to $306.6M; adj EPS $0.22 vs $0.19 YoY
Total revenues $306.6M, up 14.3% YoY (11.0% constant currency).
Bentley Systems Q2 revenues $296.7M (+10.6% YoY); ARR grows 13% constant currency
Total revenues $296.7M, up 10.6% YoY; subscriptions $259.2M, up 11.7% YoY.
Bentley Systems declares $0.05 per share quarterly dividend for Q3 2023
Dividend of $0.05 per share on Class A and Class B common stock.
Bentley Systems amends credit facility to transition from LIBOR to SOFR effective June 23, 2023
Sixth Amendment replaces LIBOR with forward-looking SOFR for USD borrowings under existing credit agreement.
Bentley Systems declares $0.05 Q2 dividend; board re-elected, KPMG ratified
Quarterly dividend of $0.05 per share, payable June 20, 2023 to holders of record June 8, 2023.
Bentley Systems Q1 revenue $314.4M (+14.1% YoY); ARR growth accelerates to 13%
Total revenues $314.4M, up 14.1% YoY (17.1% constant currency); subscriptions $277.8M (+15.2%).
Bentley Systems Q4 revenue $286.9M (+7.2% YoY); founder Keith Bentley to retire as CTO
Q4 total revenues $286.9M (+7.2% YoY, +12.7% constant currency); subscriptions $251.5M (+12.7% YoY).
Bentley Systems increases quarterly dividend to $0.05 per share, up from $0.03
Declared $0.05 per share dividend for Q1 2023, payable March 7, 2023 to holders of record February 21, 2023.
Bentley Systems promotes Brock Ballard to CRO; Eric Boyer joins as IRO
Gus Bergsma, CRO, retiring effective March 31, 2023; will serve as senior advisor until then.
Bentley Systems expands repurchase program to include convertible notes, amends credit facility
Board amended BSY Stock Repurchase Program to allow repurchase of convertible senior notes due 2026/2027; $200M limit unchanged.
Bentley Systems declares $0.03/share Q4 2022 dividend payable Dec 8
Dividend of $0.03 per share declared for Q4 2022.
Bentley Systems Q3 2022: revenue $268.3M (+6.7% reported, +14.7% CC); adj. EPS $0.19 vs $0.17
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.
Bentley Systems declares $0.03 per share Q3 2022 dividend
Dividend of $0.03 per share declared for the third quarter of 2022.
Bentley Systems Q2 revenue $268M (+20% YoY); ARR $972M; adj. EBITDA margin 32.2%
Q2 total revenues $268.3M (+19.8% YoY; +26.2% cc); subscriptions $232.2M (+24.5%; +31.3% cc).
Bentley Systems declares $0.03 per share Q2 dividend, payable June 23, 2022
Board declared $0.03 per share cash dividend for Q2 2022 on Class A and Class B common stock.
Bentley Systems authorizes up to $200M share repurchase program through June 2024
Board approved repurchase of up to $200M of BSY Class B common stock through June 30, 2024.
Bentley Systems Q1 revenue up 24% to $275.5M; adjusted EPS $0.24 vs $0.20
Total revenues $275.5M, +24.1% YoY (+27.7% constant currency); subscriptions $241.2M, +28.2%.
Bentley Systems sets compensation for COO Nicholas Cumins and CFO Werner Andre after promotions
Cash comp: Cumins base €587,709 and on-target incentive equal; Andre $400k base and same; effective April 1, 2022.
Bentley Systems reports Q4 2021 revenues up 21.9% YoY; ARR $921.2M; provides 2022 outlook
Q4 total revenues $267.7M (+21.9% YoY); subscriptions revenues $223.1M (+25.2% YoY).
Bentley Systems declares $0.03 per share Q1 2022 dividend
Dividend of $0.03 per share declared for first quarter 2022.
Bentley Systems adds $200M term loan, extends maturity to Nov 2025
New $200M senior secured term loan due Nov 15, 2025; amortizes 2.5% p.a. for first 2 years, 5% p.a. for next 2 years.
Bentley Systems declares $0.03 per share Q4 2021 dividend
Cash dividend of $0.03 per share declared for Q4 2021.
Bentley Systems to acquire Power Line Systems for ~$700M in cash/stock
Agreement to acquire Power Line Systems for approximately $700 million, subject to adjustments.
Bentley Systems promotes Cumins to COO, Andre to CFO; Hollister becomes CIO
Nicholas Cumins, formerly CPO, becomes COO effective Jan 1, 2022, adding sales, marketing, user success, and business operations.
Effective January 13, 2025, James Lee was appointed the Chief Operating Officer of Bentley Systems, Incorporated
appointed Nicholas H. Cumins, the Company’s Chief Executive Officer, as a director of the Company in addition to his current role.
Upon the effectiveness of Mr. Bentley’s transition, the Board will appoint Nicholas H. Cumins, the Company’s Chief Operating Officer, as Chief Executive Officer.
Thomas F. Trimback was appointed the Company’s Chief Accounting Officer, taking over the role from Werner Andre, who will remain the Company’s Chief Financial Officer.
effective July 1, 2024, he will transition from the Company’s Chief Executive Officer to become Executive Chair of the Board.
On February 28, 2023, the Company announced that Keith A. Bentley, the Company’s Chief Technology Officer, will step down from that position effective April 1, 2023 and will continue as an employee of the Company in the role of Technology Advisor.
On February 28, 2023, the Company also announced that David J. Hollister, the Company’s Chief Investment Officer, will retire on March 31, 2023.
Julien Moutte, the Company’s Vice President of Technology, is expected to succeed Mr. Bentley as Chief Technology Officer.
Until his retirement date, Mr. Bergsma will remain employed by the Company as a senior advisor and will assist the Company in the transition of his duties and responsibilities to Brock Ballard, the Company’s new Chief Revenue Officer.
On December 28, 2022, Gus Bergsma, Chief Revenue Officer for Bentley Systems, Incorporated (the “Company), informed the Company of his intention to retire from his position effective March 31, 2023.
approved new compensation arrangements for Nicholas Cumins and Werner Andre, two of the Company’s named executive officers (together, the “Executive Officers”), in connection with their promotions to Chief Operating Officer and Chief Financial Officer, respectively.
approved new compensation arrangements for Nicholas Cumins and Werner Andre, two of the Company’s named executive officers (together, the “Executive Officers”), in connection with their promotions to Chief Operating Officer and Chief Financial Officer, respectively.
Max materiality 0.85 · Median 0.60 · Most common event earnings