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 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).
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 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 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 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 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 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 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 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 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 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 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 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 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 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