What is Bentley Systems, Incorporated's earnings per share (EPS)?

Bentley Systems, Incorporated (BSY) reported diluted earnings per share of $0.85 for fiscal year 2025. This represents a 18.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Bentley Systems, Incorporated (BSY) Financials

BSY

Trailing 12 months to June 30, 2026

Revenue $1.6B +12.8% YoY

Net Income $290.0M +14.0% YoY

EPS (Diluted) $0.91 +16.7% YoY

Free Cash Flow $498.5M +14.9% YoY

Market Cap $10.6B as of Oct 8, 2026

Price / Sales 6.6x on $1.6B revenue, trailing 12 months to June 30, 2026

Price / Earnings 36.6x on $290.0M net income, trailing 12 months to June 30, 2026

Price / Book 8.8x on $1.2B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BSY SEC filings page.

Bentley Systems, Incorporated (BSY) reported $1.6B in revenue over the twelve months to Jun 30, 2026, up 12.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BSY FY2025 2026-10-03

Expanding revenue is producing more cash and operating leverage, while deleveraging leaves short-term liquidity structurally tight.

Debt-to-equity fell from 3.5x in FY2021 to 1.1x in FY2025 as equity accumulated and long-term debt declined, combining growth with balance-sheet repair. Yet FY2025 current liabilities of $960M exceeded current assets of $539M, so deleveraging has not produced a liquid working-capital cushion.

Operating margin widened from 9.8% in FY2021 to 24.2% in FY2025 as revenue expanded faster than SG&A and R&D, showing that growth increasingly reached operating profit. Gross margin also rose from 77.6% to 81.5%, so the improvement was not solely fixed-cost absorption.

Cash conversion was tight in FY2025: operating cash flow reached $538M versus free cash flow of $520M, indicating that reported earnings translated into cash without heavy reinvestment. With capital expenditures of only $18M, the model generated cash that could support both debt reduction and shareholder distributions.

Financial Health Signals

Financial Health Score 61/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Bentley Systems, Incorporated's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Bentley Systems, Incorporated has an operating margin of 24.1%, meaning the company retains $24 of operating profit per $100 of revenue. This strong profitability earns a score of 83/100, reflecting efficient cost management and pricing power. This is up from 22.3% the prior year.

Growth

Bentley Systems, Incorporated's revenue grew 11.0% year-over-year to $1.5B, a solid pace of expansion. This earns a growth score of 66/100.

Leverage

Bentley Systems, Incorporated has a moderate D/E ratio of 1.05. This balance of debt and equity financing earns a leverage score of 46/100.

Liquidity

Bentley Systems, Incorporated's current ratio of 0.56 is below the typical benchmark, resulting in a score of 5/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Bentley Systems, Incorporated converts 34.6% of revenue into free cash flow ($520.2M). This strong cash generation earns a score of 95/100.

Returns

Bentley Systems, Incorporated earns a strong 23.4% return on equity (ROE), meaning it generates $23 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 72/100. This is up from 22.6% the prior year.

Altman Z-Score Safe

3.29

Bentley Systems, Incorporated scores 3.29, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($10.6B) relative to total liabilities ($2.4B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

8/8

Bentley Systems, Incorporated passes 8 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.94x

For every $1 of reported earnings, Bentley Systems, Incorporated generates $1.94 in operating cash flow ($538.5M OCF vs $277.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

47.83x

Bentley Systems, Incorporated earns $47.83 in operating income for every $1 of interest expense ($362.6M vs $7.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$410.7M

YoY+12.8%

QoQ-3.2%

5Y CAGR+12.9%

Bentley Systems, Incorporated generated $410.7M in revenue in Q2 2026. This represents an increase of 12.8% from the same quarter a year earlier. Against the prior quarter it is down 3.2%.

EBITDA

$104.7M

YoY+4.5%

QoQ-26.5%

Bentley Systems, Incorporated's EBITDA was $104.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.5% from the same quarter a year earlier. Against the prior quarter it is down 26.5%.

Net Income

$78.6M

YoY+11.5%

QoQ-17.6%

5Y CAGR+11.5%

Bentley Systems, Incorporated reported $78.6M in net income in Q2 2026. This represents an increase of 11.5% from the same quarter a year earlier. Against the prior quarter it is down 17.6%.

EPS (Diluted)

$0.25

YoY+13.6%

QoQ-16.7%

5Y CAGR+12.3%

Bentley Systems, Incorporated earned $0.25 per diluted share (EPS) in Q2 2026. This represents an increase of 13.6% from the same quarter a year earlier. Against the prior quarter it is down 16.7%.

Cash & Balance Sheet

Free Cash Flow

$63.8M

YoY+11.9%

QoQ-66.0%

5Y CAGR+35.2%

Bentley Systems, Incorporated generated $63.8M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 11.9% from the same quarter a year earlier. Against the prior quarter it is down 66.0%.

Cash & Debt

$147.0M

YoY+64.0%

QoQ+39.8%

5Y CAGR+2.3%

Bentley Systems, Incorporated held $147.0M in cash against $1.2B in long-term debt as of Q2 2026.

Dividends Per Share

$0.07

YoY0.0%

QoQ0.0%

5Y CAGR+18.5%

Bentley Systems, Incorporated paid $0.07 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

Diluted avg 319M

Bentley Systems, Incorporated had a weighted average of 319M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Margins & Returns

Gross Margin

82.0%

YoY+0.9pp

QoQ-0.6pp

5Y change+5.9pp

Bentley Systems, Incorporated's gross margin was 82.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.6 percentage points.

Operating Margin

21.6%

YoY-1.6pp

QoQ-8.2pp

5Y change+6.7pp

Bentley Systems, Incorporated's operating margin was 21.6% in Q2 2026, reflecting core business profitability. This is down 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.2 percentage points.

Net Margin

19.1%

YoY-0.2pp

QoQ-3.4pp

5Y change-1.3pp

Bentley Systems, Incorporated's net profit margin was 19.1% in Q2 2026, showing the share of revenue converted to profit. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.4 percentage points.

Return on Equity

6.5%

YoY+0.5pp

QoQ-1.2pp

5Y change-3.1pp

Bentley Systems, Incorporated's ROE was 6.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.2 percentage points.

Capital Allocation

R&D Spending

$82.1M

YoY+8.9%

QoQ-1.1%

5Y CAGR+9.2%

Bentley Systems, Incorporated invested $82.1M in research and development in Q2 2026. This represents an increase of 8.9% from the same quarter a year earlier. Against the prior quarter it is down 1.1%.

Share Buybacks

$85.1M

YoY+325.1%

QoQ+112.5%

5Y CAGR+35.3%

Bentley Systems, Incorporated spent $85.1M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 325.1% from the same quarter a year earlier. Against the prior quarter it is up 112.5%.

Capital Expenditures

$7.7M

YoY+88.6%

QoQ+39.0%

5Y CAGR+29.8%

Bentley Systems, Incorporated invested $7.7M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 88.6% from the same quarter a year earlier. Against the prior quarter it is up 39.0%.

BSY Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BSY quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Revenue	$1.6B	$1.5B+11.0%	$1.4B+10.1%	$1.2B+11.8%	$1.1B+13.9%	$965.0M+20.4%	$801.5M+9.1%	$734.8M+6.2%	$691.7M
Cost of Revenue	$290.9M	$277.5M+7.7%	$257.8M-3.1%	$266.1M+12.3%	$237.0M+9.5%	$216.5M+29.5%	$167.2M+16.0%	$144.2M+9.8%	$131.3M
Gross Profit	$1.3B	$1.2B+11.8%	$1.1B+13.8%	$962.3M+11.6%	$862.1M+15.2%	$748.5M+18.0%	$634.4M+7.1%	$592.5M+5.7%	$560.4M
R&D Expenses	$324.8M	$307.6M+9.4%	$281.2M+2.4%	$274.6M+6.5%	$257.9M+16.7%	$220.9M+19.1%	$185.5M+1.1%	$183.6M+4.9%	$175.0M
SG&A Expenses	$244.0M	$217.3M+3.3%	$210.4M+16.4%	$180.7M+3.5%	$174.6M+16.3%	$150.1M+32.5%	$113.3M+16.6%	$97.2M+8.8%	$89.3M
Operating Income	$377.9M	$362.6M+20.0%	$302.1M+31.1%	$230.5M+10.5%	$208.6M+120.5%	$94.6M-37.0%	$150.2M+5.8%	$141.9M+16.9%	$121.4M
EBITDA	N/A	N/A	N/A	N/A	$280.1M+90.1%	$147.4M-20.9%	$186.3M+7.0%	$174.0M+15.6%	$150.6M
Interest Expense	$19.2M	$7.6M-55.3%	$17.0M-51.5%	$35.0M-0.2%	$35.1M+204.1%	$11.5M+59.7%	$7.2M-25.8%	$9.7M+1.3%	$9.6M
Income Tax	$83.4M	$73.0M+24.3%	$58.7M+141.0%	-$143.2M-773.0%	$21.3M+717.3%	-$3.4M-108.9%	$38.6M+62.7%	$23.7M+181.2%	-$29.3M
Net Income	$290.0M	$277.9M+18.4%	$234.8M-28.2%	$326.8M+87.0%	$174.8M+87.6%	$93.2M-26.3%	$126.5M+22.7%	$103.1M-27.5%	$142.1M
EPS (Basic)	N/A	$0.88+17.3%	$0.75-28.6%	$1.05+84.2%	$0.57+90.0%	$0.30-31.8%	$0.44+22.2%	$0.36-28.0%	$0.50
EPS (Diluted)	$0.91	$0.85+18.1%	$0.72-28.0%	$1.00+81.8%	$0.55+83.3%	$0.30-28.6%	$0.42+20.0%	$0.35-28.6%	$0.49
Diluted Shares (Avg)	N/A	333M-0.2%	334M+0.4%	333M+0.2%	332M+5.5%	315M+5.1%	299M+1.9%	294M+0.4%	293M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$410.7M+12.8%	$424.2M+14.5%	$391.6M+11.9%	$375.5M+12.0%	$364.1M+10.2%	$370.5M+9.7%	$349.8M+12.6%	$335.2M+9.3%
Cost of Revenue	$74.0M+7.6%	$73.8M+12.4%	$70.9M+4.4%	$72.2M+11.4%	$68.8M+8.8%	$65.7M+6.2%	$67.9M+0.2%	$64.8M+0.2%
Gross Profit	$336.7M+14.0%	$350.4M+14.9%	$320.7M+13.8%	$303.4M+12.2%	$295.3M+10.6%	$304.9M+10.5%	$281.9M+16.1%	$270.3M+11.7%
R&D Expenses	$82.1M+8.9%	$83.0M+14.6%	$81.0M+5.0%	$78.8M+12.4%	$75.4M+14.7%	$72.5M+6.0%	$77.1M+8.2%	$70.1M+7.0%
SG&A Expenses	$65.2M+30.8%	$58.5M+23.9%	$66.4M+15.2%	$53.8M+4.8%	$49.9M-9.1%	$47.2M+1.6%	$57.7M+10.9%	$51.4M+20.3%
Operating Income	$88.6M+4.9%	$126.3M+9.6%	$78.5M+27.8%	$84.5M+23.1%	$84.4M+5.3%	$115.2M+25.3%	$61.4M+62.6%	$68.6M-6.9%
EBITDA	$104.7M+4.5%	$142.4M+8.8%	N/A	N/A	$100.2M+4.2%	$130.8M+20.8%	N/A	$84.7M-7.1%
Interest Expense	$8.5M+337.5%	$7.5M+208.0%	$1.6M-62.9%	$1.6M-49.5%	$1.9M-52.6%	$2.4M-54.9%	$4.3M-44.2%	$3.2M-62.8%
Income Tax	$16.6M+87.1%	$23.2M+13.0%	$17.4M+18.7%	$26.3M+58.9%	$8.9M+66.5%	$20.5M-7.9%	$14.6M+108.8%	$16.5M0.0%
Net Income	$78.6M+11.5%	$95.4M+4.4%	$58.7M+17.1%	$57.4M+35.5%	$70.5M-2.2%	$91.4M+30.0%	$50.1M-72.1%	$42.3M-20.2%
EPS (Basic)	$0.25+13.6%	$0.31+6.9%	$0.18+12.5%	$0.18+38.5%	$0.22-4.3%	$0.29+31.8%	$0.16-72.4%	$0.13-23.5%
EPS (Diluted)	$0.25+13.6%	$0.30+7.1%	$0.18+20.0%	$0.18+38.5%	$0.220.0%	$0.28+27.3%	$0.15-72.2%	$0.13-18.8%
Diluted Shares (Avg)	319M-4.2%	322M-3.5%	N/A	333M-0.2%	333M-0.3%	333M-0.1%	N/A	334M+0.3%

BSY Balance Sheet

BSY quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Total Assets	$3.6B+4.6%	$3.4B+2.4%	$3.3B+4.9%	$3.2B+19.0%	$2.7B+136.2%	$1.1B+13.2%	$994.6M	N/A
Current Assets	$539.0M+21.9%	$442.1M+5.4%	$419.6M+0.9%	$415.9M-32.5%	$615.8M+81.0%	$340.3M-3.8%	$353.6M	N/A
Cash & Equivalents	$123.3M+92.6%	$64.0M-6.4%	$68.4M-4.6%	$71.7M-78.2%	$329.3M+169.9%	$122.0M+0.7%	$121.1M+49.2%	$81.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.5B+4.9%	$2.4B+4.3%	$2.3B+1.4%	$2.2B+40.8%	$1.6B+173.3%	$581.2M+21.1%	$480.1M+7.6%	$446.3M
Total Liabilities	$2.4B+0.3%	$2.4B-3.2%	$2.4B-6.0%	$2.6B+15.2%	$2.3B+186.8%	$784.4M+18.9%	$660.0M	N/A
Current Liabilities	$960.2M+17.9%	$814.3M+7.1%	$760.4M+21.0%	$628.4M+5.8%	$593.9M+27.6%	$465.6M+18.6%	$392.4M	N/A
Non-Current Liabilities	$1.4B-9.0%	$1.5B-7.8%	$1.7B-14.7%	$2.0B+18.5%	$1.7B+419.4%	$318.9M+19.2%	$267.6M	N/A
Long-Term Debt	$1.2B-10.0%	$1.4B-8.6%	$1.5B-14.5%	$1.8B+24.1%	$1.4B+481.7%	$246.0M+5.2%	$233.8M	N/A
Total Equity	$1.2B+14.3%	$1.0B+17.9%	$883.3M+54.0%	$573.5M+40.1%	$409.2M+19.8%	$341.6M+2.1%	$334.6M+127.0%	$147.4M
Retained Earnings	-$40.3M+47.0%	-$75.9M+53.1%	-$161.9M+56.3%	-$370.9M+15.6%	-$439.6M-16.9%	-$376.0M-613.9%	-$52.7M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$3.6B+4.7%	$3.5B+3.5%	$3.6B+4.6%	$3.5B+2.0%	$3.4B+5.1%	$3.4B+1.5%	$3.4B+2.4%	$3.4B+8.3%
Current Assets	$587.9M+33.8%	$518.2M+16.2%	$539.0M+21.9%	$526.8M+30.5%	$439.5M+13.7%	$446.1M-5.8%	$442.1M+5.4%	$403.8M+7.9%
Cash & Equivalents	$147.0M+64.0%	$105.2M+25.7%	$123.3M+92.6%	$165.4M+129.2%	$89.6M+74.8%	$83.6M-40.9%	$64.0M-6.4%	$72.2M+7.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.5B+2.2%	$2.5B+4.0%	$2.5B+4.9%	$2.4B+0.8%	$2.4B+6.7%	$2.4B+5.3%	$2.4B+4.3%	$2.4B+6.2%
Total Liabilities	$2.4B+5.3%	$2.3B-0.3%	$2.4B+0.3%	$2.3B-4.0%	$2.3B-0.5%	$2.3B-4.8%	$2.4B-3.2%	$2.4B-3.3%
Current Liabilities	$988.1M+15.1%	$1.0B+11.1%	$960.2M+17.9%	$860.5M+10.0%	$858.4M+9.2%	$906.0M+8.1%	$814.3M+7.1%	$782.2M+14.9%
Non-Current Liabilities	$1.4B-0.7%	$1.3B-7.7%	$1.4B-9.0%	$1.4B-10.9%	$1.4B-5.7%	$1.4B-11.6%	$1.5B-7.8%	$1.6B-10.3%
Long-Term Debt	$1.2B-2.9%	$1.1B-10.4%	$1.2B-10.0%	$1.2B-12.1%	$1.2B-6.7%	$1.2B-12.7%	$1.4B-8.6%	$1.4B-10.2%
Total Equity	$1.2B+3.4%	$1.2B+11.7%	$1.2B+14.3%	$1.2B+15.6%	$1.2B+18.0%	$1.1B+17.7%	$1.0B+17.9%	$1.0B+49.4%
Retained Earnings	-$63.4M-102.2%	-$22.4M+52.9%	-$40.3M+47.0%	-$13.9M+84.3%	-$31.4M+69.4%	-$47.7M+64.0%	-$75.9M+53.1%	-$88.2M+72.9%

Not reported in any period shown, so not listed: Inventory, Accounts Receivable.

BSY Cash Flow Statement

BSY quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Operating Cash Flow	$522.9M	$538.5M+23.7%	$435.3M+4.5%	$416.7M+51.9%	$274.3M-4.8%	$288.0M+11.5%	$258.3M+51.3%	$170.8M+5.8%	$161.5M
Depreciation & Amortization	N/A	N/A	N/A	N/A	$71.5M+35.5%	$52.8M+46.2%	$36.1M+12.3%	$32.2M+10.1%	$29.2M
Stock-Based Compensation	N/A	$72.6M-2.5%	$74.4M+2.0%	$73.0M-3.0%	$75.2M+53.3%	$49.0M+52.7%	$32.1M+296.9%	$8.1M+2.7%	$7.9M
Capital Expenditures	$24.4M	$18.3M+30.0%	$14.0M-43.8%	$25.0M+34.8%	$18.5M+5.7%	$17.5M+6.6%	$16.4M-1.2%	$16.6M-10.6%	$18.6M
Free Cash Flow	$498.5M	$520.2M+23.5%	$421.2M+7.5%	$391.7M+53.1%	$255.8M-5.4%	$270.5M+11.8%	$241.9M+56.9%	$154.1M+7.9%	$142.8M
Investing Cash Flow	-$118.4M	-$112.3M+21.6%	-$143.3M-136.8%	-$60.5M+92.1%	-$770.1M+27.1%	-$1.1B-800.5%	-$117.3M-118.5%	-$53.7M+65.3%	-$154.8M
Financing Cash Flow	-$343.7M	-$376.3M-29.8%	-$289.9M+19.3%	-$359.1M-247.7%	$243.0M-75.3%	$982.6M+819.8%	-$136.5M-77.2%	-$77.0M-31.0%	-$58.8M
Dividends Paid	$84.9M	$85.0M+17.8%	$72.1M+22.7%	$58.8M+70.3%	$34.5M+3.3%	$33.4M-92.1%	$422.6M+1591.3%	$25.0M+24.6%	$20.1M
Share Buybacks	$200.1M	$125.1M+94.3%	$64.4M	$0-100.0%	$28.3M	$0	$0-100.0%	$24.2M-48.0%	$46.5M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$71.5M+17.1%	$193.4M-11.9%	$141.6M+73.4%	$116.4M+35.2%	$61.1M-2.4%	$219.4M+7.0%	$81.6M-6.2%	$86.1M+18.2%
Depreciation & Amortization	$16.1M+1.9%	$16.1M+3.2%	N/A	N/A	$15.7M-1.5%	$15.6M-4.5%	N/A	$16.0M-8.3%
Stock-Based Compensation	$22.7M+16.1%	$20.2M+16.0%	N/A	$18.0M+12.1%	$19.6M-11.3%	$17.4M-11.5%	N/A	$16.1M-13.0%
Capital Expenditures	$7.7M+88.6%	$5.6M+82.4%	$5.4M-2.3%	$5.7M+215.0%	$4.1M+32.4%	$3.0M-15.4%	$5.5M-9.0%	$1.8M-76.3%
Free Cash Flow	$63.8M+11.9%	$187.9M-13.2%	$136.2M+79.0%	$110.7M+31.3%	$57.0M-4.2%	$216.4M+7.4%	$76.1M-6.0%	$84.3M+29.3%
Investing Cash Flow	-$7.7M-88.6%	-$5.6M-82.4%	-$98.5M-1198.7%	-$6.6M+94.7%	-$4.1M+42.4%	-$3.0M+20.9%	-$7.6M+18.1%	-$124.7M-480.3%
Financing Cash Flow	-$20.5M+63.8%	-$204.4M-1.8%	-$85.1M-11.0%	-$33.7M-158.3%	-$56.7M+60.8%	-$200.8M-58.8%	-$76.6M+3.1%	$57.8M+190.2%
Dividends Paid	$21.2M-0.4%	$21.2M+0.1%	$21.2M+17.0%	$21.3M+17.3%	$21.3M+18.4%	$21.2M+18.6%	$18.1M+22.8%	$18.1M+22.8%
Share Buybacks	$85.1M+325.1%	$40.0M+33.3%	$60.0M+222.9%	$15.0M+81.8%	$20.0M-11.1%	$30.0M+100.0%	$18.6M	$8.3M

BSY Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BSY quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Gross Margin	81.5%+0.6pp	81.0%+2.6pp	78.3%-0.1pp	78.4%+0.9pp	77.6%-1.6pp	79.1%-1.5pp	80.6%-0.4pp	81.0%
Operating Margin	24.1%+1.8pp	22.3%+3.6pp	18.8%-0.2pp	19.0%+9.2pp	9.8%-8.9pp	18.7%-0.6pp	19.3%+1.8pp	17.5%
Net Margin	18.5%+1.2pp	17.3%-9.3pp	26.6%+10.7pp	15.9%+6.2pp	9.7%-6.1pp	15.8%+1.7pp	14.0%-6.5pp	20.5%
Return on Equity	23.4%+0.8pp	22.6%-14.4pp	37.0%+6.5pp	30.5%+7.7pp	22.8%-14.3pp	37.0%+6.2pp	30.8%-65.6pp	96.4%
Return on Assets	7.8%+0.9pp	6.9%-2.9pp	9.8%+4.3pp	5.5%+2.0pp	3.5%-7.7pp	11.2%+0.9pp	10.4%	N/A
Current Ratio	0.560.0x	0.540.0x	0.55-0.1x	0.66-0.4x	1.04+0.3x	0.73-0.2x	0.90	N/A
Debt-to-Equity	1.05-0.3x	1.33-0.4x	1.72-1.4x	3.10-0.4x	3.50+2.8x	0.720.0x	0.70	N/A
Asset Turnover	0.420.0x	0.400.0x	0.370.0x	0.350.0x	0.36-0.3x	0.710.0x	0.74	N/A
FCF Margin	34.6%+3.5pp	31.1%-0.8pp	31.9%+8.6pp	23.3%-4.8pp	28.0%-2.2pp	30.2%+9.2pp	21.0%+0.3pp	20.6%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	82.0%+0.9pp	82.6%+0.3pp	81.9%+1.3pp	80.8%+0.1pp	81.1%+0.2pp	82.3%+0.6pp	80.6%+2.4pp	80.7%+1.7pp
Operating Margin	21.6%-1.6pp	29.8%-1.3pp	20.1%+2.5pp	22.5%+2.0pp	23.2%-1.1pp	31.1%+3.9pp	17.6%+5.4pp	20.5%-3.6pp
Net Margin	19.1%-0.2pp	22.5%-2.2pp	15.0%+0.7pp	15.3%+2.6pp	19.4%-2.4pp	24.7%+3.8pp	14.3%-43.5pp	12.6%-4.7pp
Return on Equity	6.5%+0.5pp	7.8%-0.5pp	4.9%+0.1pp	4.8%+0.7pp	6.1%-1.3pp	8.3%+0.8pp	4.8%-15.5pp	4.1%-3.6pp
Return on Assets	2.2%+0.1pp	2.7%0.0pp	1.7%+0.2pp	1.7%+0.4pp	2.1%-0.2pp	2.7%+0.6pp	1.5%-3.9pp	1.3%-0.4pp
Current Ratio	0.59+0.1x	0.510.0x	0.560.0x	0.61+0.1x	0.510.0x	0.49-0.1x	0.540.0x	0.520.0x
Debt-to-Equity	1.01-0.1x	0.91-0.2x	1.05-0.3x	1.04-0.3x	1.07-0.3x	1.13-0.4x	1.33-0.4x	1.37-0.9x
Asset Turnover	0.110.0x	0.120.0x	0.110.0x	0.110.0x	0.110.0x	0.110.0x	0.100.0x	0.100.0x
FCF Margin	15.5%-0.1pp	44.3%-14.1pp	34.8%+13.0pp	29.5%+4.3pp	15.7%-2.4pp	58.4%-1.2pp	21.8%-4.3pp	25.1%+3.9pp

Note: The current ratio is below 1.0 (0.56), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Bentley Systems, Incorporated BSY	FY2025	$1.5B	$277.9M	18.5%	$10.6B	61/100
DocuSign, Inc. DOCU	FY2026	$3.2B	$309.1M	9.6%	$12.9B	50/100
Dynatrace, Inc. DT	FY2026	$2.0B	$163.0M	8.1%	$17.3B	67/100
Full Truck Alliance Co. Ltd. YMM	FY2025	$1.8B	$637.6M	35.7%	$8.7B	78/100
Unity Software Inc. U	FY2025	$1.8B	-$402.8M	-21.8%	$20.0B	43/100
Manhattan Associates Inc MANH	FY2025	$1.1B	$219.9M	20.3%	$11.8B	68/100

Where Bentley Systems, Incorporated Ranks

Frequently Asked Questions

What is Bentley Systems, Incorporated's annual revenue?

Bentley Systems, Incorporated (BSY) reported $1.5B in total revenue for fiscal year 2025. This represents a 11.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Bentley Systems, Incorporated's revenue growing?

Bentley Systems, Incorporated (BSY) revenue grew by 11.0% year-over-year, from $1.4B to $1.5B in fiscal year 2025.

Is Bentley Systems, Incorporated profitable?

Yes, Bentley Systems, Incorporated (BSY) reported a net income of $277.9M in fiscal year 2025, with a net profit margin of 18.5%.

How much debt does Bentley Systems, Incorporated have?

As of fiscal year 2025, Bentley Systems, Incorporated (BSY) had $123.3M in cash and equivalents against $1.2B in long-term debt.

What is Bentley Systems, Incorporated's gross margin?

Bentley Systems, Incorporated (BSY) had a gross margin of 81.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Bentley Systems, Incorporated's operating margin?

Bentley Systems, Incorporated (BSY) had an operating margin of 24.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Bentley Systems, Incorporated's net profit margin?

Bentley Systems, Incorporated (BSY) had a net profit margin of 18.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Bentley Systems, Incorporated pay dividends?

Yes, Bentley Systems, Incorporated (BSY) paid $0.28 per share in dividends during fiscal year 2025.

What is Bentley Systems, Incorporated's return on equity (ROE)?

Bentley Systems, Incorporated (BSY) has a return on equity of 23.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Bentley Systems, Incorporated's free cash flow?

Bentley Systems, Incorporated (BSY) generated $520.2M in free cash flow during fiscal year 2025. This represents a 23.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Bentley Systems, Incorporated's operating cash flow?

Bentley Systems, Incorporated (BSY) generated $538.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Bentley Systems, Incorporated's total assets?

Bentley Systems, Incorporated (BSY) had $3.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Bentley Systems, Incorporated's capital expenditures?

Bentley Systems, Incorporated (BSY) invested $18.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Bentley Systems, Incorporated spend on research and development?

Bentley Systems, Incorporated (BSY) invested $307.6M in research and development during fiscal year 2025.

Does Bentley Systems, Incorporated buy back shares?

Yes, Bentley Systems, Incorporated (BSY) spent $125.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Bentley Systems, Incorporated's current ratio?

Bentley Systems, Incorporated (BSY) had a current ratio of 0.56 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Bentley Systems, Incorporated's debt-to-equity ratio?

Bentley Systems, Incorporated (BSY) had a debt-to-equity ratio of 1.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bentley Systems, Incorporated's return on assets (ROA)?

Bentley Systems, Incorporated (BSY) had a return on assets of 7.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Bentley Systems, Incorporated's P/E ratio?

Bentley Systems, Incorporated (BSY) trades at 36.6x earnings, its market capitalization divided by net income of $290.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $10.6B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Bentley Systems, Incorporated's price-to-sales ratio?

Bentley Systems, Incorporated (BSY) trades at 6.6x sales, its market capitalization divided by revenue of $1.6B revenue, trailing 12 months to June 30, 2026. The market capitalization is $10.6B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Bentley Systems, Incorporated's Altman Z-Score?

Bentley Systems, Incorporated (BSY) has an Altman Z-Score of 3.29, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Bentley Systems, Incorporated's Piotroski F-Score?

Bentley Systems, Incorporated (BSY) has a Piotroski F-Score of 8 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Bentley Systems, Incorporated's earnings high quality?

Bentley Systems, Incorporated (BSY) has an earnings quality ratio of 1.94x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Bentley Systems, Incorporated cover its interest payments?

Bentley Systems, Incorporated (BSY) has an interest coverage ratio of 47.83x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Bentley Systems, Incorporated?

Bentley Systems, Incorporated (BSY) scores 61 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.