Bentley Systems Inc

Common Name

Bentley Systems

Country

United States

Sector

Technology

Industry

Software - Application

Employees

5,500

Ticker

BSY

Exchange

NASDAQ/NGS

Website

www.bentley.com

Description

Bentley Systems, Incorporated Class B represents a leading software company specializing in infrastructure engineering solutions. The firm develops and delivers a comprehensive suite of applications t... Show more

Financial Statements of Bentley Systems

Below are the financial statements of Bentley Systems, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Revenues	—	—	—
Subscriptions	1,223.36^a	1,080.31^a	960.22^a
Perpetual licenses	45.96^a	46.04^a	43.38^a
Subscriptions and licenses	1,269.32^a	1,126.35^a	1,003.6^a
Services	83.77^a	102.07^a	95.49^a
Total revenues	1,353.1^a	1,228.41^a	1,099.08^a
Cost of revenues	—	—	—
Cost of subscriptions and licenses	-173.34^a	-169.41^a	-147.58^a
Cost of services	-84.43^a	-96.68^a	-89.44^a
Total cost of revenues	-257.77^a	-266.08^a	-237.01^a
Gross profit	1,095.33^a	962.33^a	862.07^a
Operating expense (income)	—	—	—
Research and development	-281.25^a	-274.62^a	-257.86^a
Selling and marketing	-255.18^a	-224.34^a	-195.62^a
General and administrative	-210.37^a	-180.74^a	-174.65^a
Deferred compensation plan	-12.38^a	-13.58^a	-15.78^a
Amortization of purchased intangibles	-34^a	-38.52^a	-41.11^a
Total operating expenses	-793.18^a	-731.79^a	-653.46^a
Income from operations	302.15^a	230.54^a	208.61^a
Interest expense, net	-22.04^a	-39.79^a	-34.64^a
Other income (expense), net	12.95^a	-7.22^a	24.3^a
Income before income taxes	293.06^a	183.53^a	198.28^a
(Provision) benefit for income taxes	-58.73^a	143.24^a	-21.28^a
Equity in net income (losses) of investees, net of tax	0.1^a	0.02^a	-2.21^a
Net income	234.43^a	326.79^a	174.78^a
Less: Net income (loss) attributable to noncontrolling interest	-0.35^a	0^a	0^a
Net income attributable to Bentley Systems	234.79^a	326.79^a	174.78^a
Subscriptions	1,223.36^b	1,080.31^b	960.22^b
Perpetual licenses	45.96^b	46.04^b	43.38^b
Subscriptions and licenses	1,269.32^b	1,126.35^b	1,003.6^b
Services	83.77^b	102.07^b	95.49^b
Total revenues	1,353.1^b	1,228.41^b	1,099.08^b
Cost of subscriptions and licenses	-173.34^b	-169.41^b	-147.58^b
Cost of services	-84.43^b	-96.68^b	-89.44^b
Total cost of revenues	-257.77^b	-266.08^b	-237.01^b
Gross profit	1,095.33^b	962.33^b	862.07^b
Research and development	-281.25^b	-274.62^b	-257.86^b
Selling and marketing	-255.18^b	-224.34^b	-195.62^b
General and administrative	-210.37^b	-180.74^b	-174.65^b
Deferred compensation plan	-12.38^b	-13.58^b	-15.78^b
Amortization of purchased intangibles	-34^b	-38.52^b	-41.11^b
Total operating expenses	-793.18^b	-731.79^b	-653.46^b
Income from operations	302.15^b	230.54^b	208.61^b
Interest expense, net	-22.04^b	-39.79^b	-34.64^b
Other income (expense), net	12.95^b	-7.22^b	24.3^b
Income before income taxes	293.06^b	183.53^b	198.28^b
(Provision) benefit for income taxes	-58.73^b	-143.24^b	-21.28^b
Equity in net income (losses) of investees, net of tax	0.1^b	0.02^b	-2.21^b
Net income	234.43^b	326.79^b	174.78^b
Less: Net income (loss) attributable to noncontrolling interest	-0.35^b	0^b	0^b
Net income attributable to Bentley Systems	234.79^b	326.79^b	174.78^b

Verified Sources Behind Bentley Systems’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Bentley Systems’s data sources below and access millions more through our Disclosure Search.

a. Bentley Systems's 10-K 2024

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b. Bentley Systems's Annual Report 2024

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Bentley Systems Inc

Financial Statements of Bentley Systems

Verified Sources Behind Bentley Systems’s Financial Fundamentals Data

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