Bentley Systems, Incorporated (BSY) Quarterly Income Statement

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Bentley Systems, Incorporated (BSY) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

BSY Income Statement

Bentley Systems, Incorporated (BSY) annual income statement — 8-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	410.73M	424.18M	391.58M	375.55M	364.11M	370.54M	349.82M	335.17M	330.34M	337.76M	310.64M	306.61M	296.75M	314.41M	286.95M	268.33M	268.29M	275.52M	271.63M	251.39M
Revenue Growth %	12.8%	14.48%	11.94%	12.05%	10.22%	9.7%	12.61%	9.31%	11.32%	7.43%	8.26%	14.27%	10.61%	14.12%	5.64%	6.74%	19.81%	24.1%	23.71%	23.84%
Cost of Goods Sold	73.99M	73.77M	70.9M	72.19M	68.78M	65.66M	67.91M	64.83M	63.19M	61.83M	67.8M	64.68M	66.43M	67.18M	62.35M	59.18M	59.69M	55.78M	59.57M	54.23M
COGS % of Revenue	18.01%	17.39%	18.11%	19.22%	18.89%	17.72%	19.41%	19.34%	19.13%	18.31%	21.82%	21.09%	22.38%	21.37%	21.73%	22.06%	22.25%	20.25%	21.93%	21.57%
Gross Profit	336.74M	350.41M	320.68M	303.35M	295.33M	304.88M	281.91M	270.34M	267.14M	275.93M	242.84M	241.94M	230.32M	247.23M	224.6M	209.15M	208.59M	219.73M	212.06M	197.16M
Gross Margin %	81.99%	82.61%	81.89%	80.78%	81.11%	82.28%	80.59%	80.66%	80.87%	81.69%	78.18%	78.91%	77.62%	78.63%	78.27%	77.94%	77.75%	79.75%	78.07%	78.43%
Gross Profit Growth %	14.02%	14.93%	13.75%	12.21%	10.55%	10.49%	16.09%	11.74%	15.99%	11.61%	8.12%	15.68%	10.42%	12.51%	5.91%	6.08%	22.36%	27.22%	25.48%	22.94%
Operating Expenses	248.13M	224.15M	242.17M	218.86M	210.9M	189.7M	220.5M	201.71M	186.97M	184M	205.07M	168.26M	177.02M	181.44M	183.84M	153.6M	152.87M	163.14M	164.9M	234.7M
OpEx % of Revenue	60.41%	52.84%	61.84%	58.28%	57.92%	51.2%	63.03%	60.18%	56.6%	54.48%	66.02%	54.88%	59.65%	57.71%	64.07%	57.24%	56.98%	59.21%	60.71%	93.36%
Selling, General & Admin	146.09M	132.71M	138.56M	131.96M	127.31M	109.04M	135.12M	123.28M	112.87M	106.67M	124.89M	93.28M	97.4M	103.09M	105.7M	79.33M	77.49M	91.96M	93M	168.69M
SG&A % of Revenue	35.57%	31.29%	35.39%	35.14%	34.97%	29.43%	38.62%	36.78%	34.17%	31.58%	40.2%	30.42%	32.82%	32.79%	36.84%	29.56%	28.88%	33.38%	34.24%	67.1%
Research & Development	82.09M	83M	80.99M	78.75M	75.39M	72.45M	77.1M	70.07M	65.71M	68.37M	71.24M	65.47M	70.12M	67.8M	67.89M	63.83M	64.87M	61.27M	63M	57.33M
R&D % of Revenue	19.99%	19.57%	20.68%	20.97%	20.7%	19.55%	22.04%	20.91%	19.89%	20.24%	22.93%	21.35%	23.63%	21.56%	23.66%	23.79%	24.18%	22.24%	23.19%	22.81%
Other Operating Expenses	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	88.61M	126.26M	78.51M	84.5M	84.43M	115.18M	61.41M	68.63M	80.18M	91.93M	37.77M	73.68M	53.3M	65.78M	40.76M	55.54M	55.72M	56.59M	47.17M	-37.54M
Operating Margin %	21.57%	29.77%	20.05%	22.5%	23.19%	31.09%	17.56%	20.48%	24.27%	27.22%	12.16%	24.03%	17.96%	20.92%	14.2%	20.7%	20.77%	20.54%	17.36%	-14.93%
Operating Income Growth %	4.95%	9.62%	27.84%	23.12%	5.3%	25.29%	62.58%	-6.85%	50.41%	39.74%	-7.33%	32.65%	-4.33%	16.24%	-13.59%	247.96%	67.76%	1.7%	-13.1%	-805.24%
EBITDA	96.9M	142.4M	124.65M	103.23M	100.18M	130.82M	77.62M	84.66M	96.16M	108.32M	56.85M	91.16M	70.55M	82.24M	58.65M	73.46M	74.23M	73.8M	64.01M	-20.87M
EBITDA Margin %	23.59%	33.57%	31.83%	27.49%	27.51%	35.31%	22.19%	25.26%	29.11%	32.07%	18.3%	29.73%	23.77%	26.16%	20.44%	27.38%	27.67%	26.79%	23.57%	-8.3%
EBITDA Growth %	-3.27%	8.85%	60.58%	21.94%	4.18%	20.78%	36.55%	-7.13%	36.3%	31.7%	-3.08%	24.1%	-4.96%	11.44%	-8.38%	451.91%	70.66%	14.18%	-0.84%	-244.01%
D&A (Non-Cash Add-back)	8.29M	16.14M	46.14M	18.74M	15.75M	15.64M	16.21M	16.03M	15.98M	16.39M	19.07M	17.48M	17.25M	16.46M	17.89M	17.91M	18.52M	17.21M	16.85M	16.67M
EBIT	104.17M	126.11M	97.45M	85.22M	81.28M	116.23M	76.19M	62.17M	81.43M	99.85M	28.15M	78.31M	54.15M	66.3M	50.89M	54.76M	59.31M	67.02M	48.72M	-38.47M
Net Interest Income	-9.1M	-7.07M	-19.89M	-833K	-3.52M	-3.81M	-5.75M	-4.67M	-5.1M	-6.52M	-9.17M	-10.05M	-9.48M	-11.09M	-11.59M	-7.63M	-7.64M	-6.75M	-3.88M	-3.84M
Interest Income	0	489K	1.54M	845K	337K	600K	610K	436K	901K	783K	298K	501K	510K	229K	148K	109K	82K	82K	70K	25K
Interest Expense	9.1M	7.55M	21.43M	1.68M	3.86M	4.41M	6.37M	5.11M	6M	7.3M	9.47M	10.55M	9.99M	11.32M	11.74M	7.74M	7.72M	6.83M	3.95M	3.86M
Other Income/Expense	6.46M	-7.76M	-2.49M	-952K	-5.05M	-3.36M	2.95M	-9.77M	-2.8M	617K	-23.6M	-4.09M	-8.52M	-10.8M	-1.98M	-8.88M	-4.72M	3.03M	-3.05M	-5.46M
Pretax Income	95.07M	118.5M	76.02M	83.55M	79.38M	111.83M	64.37M	58.86M	77.38M	92.55M	14.17M	69.58M	44.79M	54.98M	38.78M	46.66M	51M	59.62M	44.12M	-43M
Pretax Margin %	23.15%	27.94%	19.41%	22.25%	21.8%	30.18%	18.4%	17.56%	23.42%	27.4%	4.56%	22.69%	15.09%	17.49%	13.52%	17.39%	19.01%	21.64%	16.24%	-17.1%
Income Tax	16.55M	23.16M	17.36M	26.26M	8.88M	20.49M	14.63M	16.52M	5.33M	22.25M	-165.35M	16.51M	-3.9M	9.49M	13.06M	9.66M	-4.67M	3.23M	2.72M	5.03M
Effective Tax Rate %	17.41%	19.54%	22.83%	31.43%	11.18%	18.32%	22.72%	28.07%	6.89%	24.04%	-1166.56%	23.73%	-8.71%	17.26%	33.68%	20.71%	-9.16%	5.42%	6.16%	-11.69%
Net Income	78.57M	95.39M	58.64M	57.37M	70.48M	91.37M	50.09M	42.34M	72.05M	70.31M	179.59M	53.03M	48.69M	45.49M	25.72M	37M	55.67M	56.39M	41.4M	-48.02M
Net Margin %	19.13%	22.49%	14.97%	15.28%	19.36%	24.66%	14.32%	12.63%	21.81%	20.82%	57.81%	17.29%	16.41%	14.47%	8.96%	13.79%	20.75%	20.47%	15.24%	-19.1%
Net Income Growth %	11.48%	4.4%	17.06%	35.51%	-2.17%	29.95%	-72.11%	-20.16%	47.98%	54.56%	598.18%	43.33%	-12.55%	-19.33%	-37.88%	177.04%	22.02%	-1.08%	-20.27%	-921.73%
Net Income (Continuing)	78.52M	95.35M	58.67M	57.29M	70.5M	91.34M	49.74M	42.34M	72.05M	70.31M	179.52M	53.03M	48.69M	45.49M	25.72M	37M	55.67M	56.39M	41.4M	-48.02M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-16K	41K	79K	47K	129K	107K	133K	704K	704K	704K	704K	704K	704K	704K	704K	0	0	0	0	0
EPS (Diluted)	0.25	0.30	0.18	0.17	0.22	0.28	0.16	0.13	0.22	0.22	0.54	0.16	0.15	0.14	0.08	0.11	0.17	0.17	0.12	-0.16
EPS Growth %	13.64%	7.14%	12.5%	30.77%	0%	27.27%	-70.37%	-18.75%	46.67%	57.14%	580.1%	45.45%	-11.76%	-17.65%	-33.83%	168.75%	21.43%	-5.56%	-29.41%	-900%
EPS (Basic)	0.25	0.31	0.18	0.18	0.22	0.29	0.16	0.14	0.23	0.22	0.57	0.17	0.16	0.15	0.08	0.12	0.18	0.18	0.13	-0.16
Diluted Shares Outstanding	318.96M	321.84M	333.09M	333.21M	332.82M	333.44M	333.88M	333.79M	333.78M	333.62M	333.42M	332.83M	332.35M	331.25M	323.92M	325.17M	332.28M	331.33M	314.78M	308.2M
Basic Shares Outstanding	311.78M	312.59M	314.69M	314.83M	314.62M	315.13M	315.04M	315.21M	314.98M	314.3M	313.53M	313.07M	311.91M	310.76M	310.03M	310.12M	308.24M	321.71M	307.45M	308.2M
Dividend Payout Ratio	27.01%	22.25%	36.17%	37.06%	30.21%	23.2%	36.19%	42.83%	24.96%	25.42%	8.22%	27.85%	30.2%	31.92%	33.69%	23.42%	15.51%	15.12%	20.09%	-