James Lee
Effective January 13, 2025, James Lee was appointed the Chief Operating Officer of Bentley Systems, Incorporated
Highest-materiality recent filing
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).
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.
Max materiality 0.80 · Median 0.57 · Most common event earnings