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Bentley Systems, Incorporated 10-Q Filings

BSY NASDAQ

Every 10-Q that Bentley Systems, Incorporated (BSY) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow BSY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BSY filings page.

Rhea-AI Summary

Bentley Systems reported for the three and six months ended June 30, 2026. Total revenues were $410,727 for the quarter and $834,908 year-to-date, increases of 12.8% and 13.6% versus 2025, driven mainly by subscriptions of $378,635 and $771,119. Annualized recurring revenues were $1,535,988 with a 12% constant-currency ARR growth rate and a last-twelve-month recurring revenues dollar-based net retention rate of 109%.

Operating income was $88,608 for the quarter and $214,868 for six months; AOI less Operating SBC was $116,036 and $256,959. Net income attributable to Bentley Systems was $78,573 for the quarter ($0.25 diluted EPS) and $173,959 for six months ($0.55 diluted EPS). Cash flows from operating activities were $264,921 compared with $280,500 a year earlier. Cash and cash equivalents were $146,981 and total debt was $1,217,180, including a new $550,000 term loan used in part to repay $678,254 at maturity of the 2026 convertible notes. The company repurchased 3,747,742 Class B shares for $125,075 and paid cash dividends of $0.14 per share, or $42,444 in total, during the first half of 2026.

Rhea-AI Summary

Bentley Systems reported solid growth for the three months ended March 31, 2026. Total revenues reached $424,181, up 14.5% year over year, driven by subscription revenues of $392,484, which grew 14.7%.

Net income attributable to Bentley Systems was $95,386 versus $91,368 a year earlier, with diluted EPS of $0.30 compared to $0.28. Annualized recurring revenues were $1,494,511, up from $1,319,256, and the recurring revenues dollar-based net retention rate was 109%.

Operating income rose to $126,260, while AOI less Operating SBC was $140,923. Operating cash flow was strong at $193,408 but below $219,415 in the prior-year period. The company repaid its 2026 convertible notes, ending the quarter with long-term debt of $1,115,269, repurchased 1,037,848 Class B shares for $40,021, and paid a quarterly dividend of $0.07 per share, totaling $21,225.

Rhea-AI Summary

Bentley Systems (BSY) reported Q3 2025 results with total revenues of $375.5 million, up from $335.2 million a year ago. Net income attributable to Bentley Systems was $57.4 million, and diluted EPS was $0.18, compared with $0.13 last year. Gross profit rose to $303.4 million.

Year to date, revenues reached $1.11 billion and net income was $219.2 million. Cash from operations for the nine months was $396.9 million, lifting cash and equivalents to $165.4 million. Long‑term debt was $1.25 billion, consisting primarily of $677.8 million of 2026 convertible notes and $575.0 million of 2027 notes; the revolver balance was $0.

The company declared a $0.07 per‑share quarterly dividend and repurchased 1,457,454 shares for $65.0 million year to date. On October 15, 2025 and thereafter, 2026 notes conversions will settle in shares via physical settlement at an initial conversion rate of 15.5925 shares per $1,000 (conversion price ~$64.13). As of October 29, 2025, shares outstanding were 11,537,627 Class A and 292,019,441 Class B.