Bentley Systems, Incorporated (BSY) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q2'21 |
|---|
| Sales/Revenue | 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 | 223.92M |
| Revenue Growth % | 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% | 21.5% |
| Cost of Goods Sold | 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 | 53.45M |
| COGS % of Revenue | 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% | 23.87% |
| Gross Profit | 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 | 170.47M |
| Gross Margin % | 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% | 76.13% |
| Gross Profit Growth % | 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% | 15.51% |
| Operating Expenses | 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 | 137.26M |
| OpEx % of Revenue | 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% | 61.3% |
| Selling, General & Admin | 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 | 79.89M |
| SG&A % of Revenue | 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% | 35.68% |
| Research & Development | 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 | 52.78M |
| R&D % of Revenue | 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% | 23.57% |
| 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 | 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 | 33.21M |
| Operating Margin % | 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% | 14.83% |
| Operating Income Growth % | 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% | -25.52% |
| EBITDA | 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 | 43.5M |
| EBITDA Margin % | 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% | 19.43% |
| EBITDA Growth % | 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% | -18.24% |
| D&A (Non-Cash Add-back) | 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 | 10.29M |
| EBIT | 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 | 29.57M |
| Net Interest Income | -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 | -2.45M |
| Interest Income | 489K | 1.54M | 845K | 337K | 600K | 610K | 436K | 901K | 783K | 298K | 501K | 510K | 229K | 148K | 109K | 82K | 82K | 70K | 25K | 129K |
| Interest Expense | 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 | 2.58M |
| Other Income/Expense | -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 | -8.06M |
| Pretax Income | 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 | 25.15M |
| Pretax Margin % | 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% | 11.23% |
| Income Tax | 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 | -20.47M |
| Effective Tax Rate % | 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% | -81.39% |
| Net Income | 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 | 45.63M |
| Net Margin % | 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% | 20.38% |
| Net Income Growth % | 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% | 16.76% |
| Net Income (Continuing) | 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 | 45.63M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 41K | 79K | 47K | 129K | 107K | 133K | 704K | 704K | 704K | 704K | 704K | 704K | 704K | 704K | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 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 | 0.14 |
| EPS Growth % | 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% | -6.67% |
| EPS (Basic) | 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 | 0.15 |
| Diluted Shares Outstanding | 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 | 324.48M |
| Basic Shares Outstanding | 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 | 304.07M |
| Dividend Payout Ratio | 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% | - | 18.35% |