MARKETS / NASDAQ / BSY

NASDAQ · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Bentley Systems Inc. BSY

8 fiscal years on record · USD · FY2025 reported · SEC filings only

3 YEARS OF DIVIDEND GROWTH

Revenue

$1.5B

▲ 11.0% YoY

Net income

$277.9M

▲ 18.3% YoY

Free cash flow

$520.2M

▲ 23.5% YoY

In brief

What this company does

Bentley Systems provides infrastructure engineering software. It provides its software to nearly 42,000 accounts in 189 countries worldwide. As of December 31, 2025, it had approximately 5,800 full-time colleagues globally, including approximately 2,400 in the Americas, approximately 1,600 in Europe, the Middle East, and Africa, and approximately 1,800 in Asia-Pacific. Its revenues are balanced between engineering and construction contracting firms, which represented 52%, 51%, and 50% of its 2025, 2024, and 2023 total revenues, respectively, and infrastructure asset owners and operators, which represented 48%, 49%, and 50% of its 2025, 2024, and 2023 total revenues, respectively. It was founded in 1984 by the Bentley brothers. Bentley Systems, Incorporated was incorporated in Delaware in 1987 and is headquartered in Exton, Pennsylvania.

Written from the business description in BENTLEY SYSTEMS, INCORPORATED's annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.5B

Revenue, FY2025 · full 8-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.5 · Net income 0.3

Compound annual growth

Revenue

+11.0%

+13.4%

Net income

+16.7%

+17.0%

EPS, diluted

+15.6%

+15.1%

Dividend / share

+32.6%

−29.6%

Returned to shareholders

+49.6%

−13.1%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +13.4% a year over five years — but profit grew faster: net income at +17.0%, earnings per share at +15.1%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

18 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 24.1% · Net 18.5%

ROE

FY2025 · ROE 24.9%

Gross margin81.5%

Operating margin24.1%

Net margin18.5%

Return on assets8.0%

EBITDA—

Each USD of equity produced 25 cents of profit this year.

Cash & shareholders

USD 210.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 520.2

Net buybacks $M Dividends $M

FY2025 · Dividends 85.0 · Net buybacks 125.1

Dividends paidUSD 85.0M

Net buybacksUSD 125.1M

Share of profit75.6%

Consecutive raises3 years

USD 85.0M in dividends and USD 125.1M in buybacks — 76% of the year's profit went back to shareholders.

Total assetsUSD 3.6B

EquityUSD 1.2B

CashUSD 123.3M

Gross debtUSD 1.2B

Net debtUSD 1.1B

Current ratio0.56×

Net debt stands at 95% of equity.

The 8-year record

8 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018
Revenue $B	1.5	1.4	1.2	1.1	1.0	0.8	0.7	0.7
Operating income $B	0.4	0.3	0.2	0.2	0.1	0.2	0.1	0.1
EBITDA $B	·	·	·	0.3	0.1	0.2	0.2	0.2
Income tax $B	0.1	0.1	−0.1	0.0	−0.0	0.0	0.0	−0.0
Net income $B	0.3	0.2	0.3	0.2	0.1	0.1	0.1	0.1
Free cash flow $B	0.5	0.4	0.4	0.3	0.3	0.2	0.2	0.1
EPS, diluted $	0.85	0.72	1.00	0.55	0.30	0.42	0.35	0.49
Dividend / sh $	0.28	0.24	0.20	0.12	0.12	1.62	0.10	0.08
Payout %	31	31	18	20	36	334	24	14
ROE %	24.9	24.4	37.0	42.7	24.8	37.4	42.8	96.4

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 38 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 57 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityServices-Prepackaged Software

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2018