Welcome to our dedicated page for Bentley Systems SEC filings (Ticker: BSY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Bentley Systems, Incorporated (Nasdaq: BSY) files reports and disclosures with the U.S. Securities and Exchange Commission that provide detailed information on its financial condition, operations, and material events as an infrastructure engineering software company. Its Class B common stock is registered on The Nasdaq Stock Market LLC under the symbol BSY, as noted in its current reports.
On this page, you can review Bentley’s SEC filings, including annual reports on Form 10‑K and quarterly reports on Form 10‑Q, which discuss revenues, subscription trends, operating margins, cash flows, and other key metrics for its infrastructure engineering software and cloud services. Current reports on Form 8‑K highlight specific events, such as the announcement of quarterly financial results, dividend declarations, extensions of the BSY stock repurchase program, and changes related to its convertible senior notes settlement method.
For investors interested in capital structure and shareholder returns, filings describe authorizations for stock repurchases of Class B common stock and outstanding convertible senior notes, as well as cash dividend declarations on Class A and Class B common stock. Other filings explain the use of non‑GAAP financial measures and provide reconciliations to the most directly comparable GAAP measures.
Stock Titan enhances access to these documents with AI-powered summaries that explain the contents of lengthy filings in plain language. Real-time updates from EDGAR ensure that new 10‑K, 10‑Q, and 8‑K filings for BSY appear promptly, while insider transaction reports on Form 4 can be used to track equity activity by Bentley’s officers and directors. AI insights help highlight important sections, such as discussions of subscription revenues, asset analytics investments, and other factors affecting Bentley’s infrastructure engineering software business.
Moutte Julien reported acquisition or exercise transactions in this Form 4 filing.
Bentley Systems Chief Technology Officer Julien Moutte received a grant of 20,493 shares of Class B common stock in the form of time-based restricted stock units under the company’s 2020 Omnibus Incentive Plan. These units vest over four years, with one-quarter vesting on each anniversary of the grant date, bringing his direct holdings to 98,409 shares.
Cumins Nicholas reported acquisition or exercise transactions in this Form 4 filing.
Bentley Systems Chief Executive Officer Nicholas Cumins received two equity awards of Class B Common Stock as part of his compensation. He was granted 74,839 time-based restricted stock units under the Career Stock Program that vest on December 15, 2030, and 28,107 time-based restricted stock units under the 2020 Omnibus Incentive Plan that vest in four equal annual installments on each grant date anniversary. Following these grants, he directly owns a total of 540,188 shares of Class B Common Stock.
Trimback Thomas F reported acquisition or exercise transactions in this Form 4 filing.
Bentley Systems’ Chief Accounting Officer Thomas F. Trimback received a grant of 3,982 shares of Class B Common Stock on March 6, 2026. The award is a time-based restricted stock unit grant under the 2020 Omnibus Incentive Plan that vests over four years, with one-quarter vesting on each anniversary of the grant date. Following this compensation grant, Trimback directly holds 19,922 shares of Class B Common Stock.
Andre Werner reported acquisition or exercise transactions in this Form 4 filing.
Bentley Systems Chief Financial Officer Andre Werner received an award of 21,706 shares of Class B common stock as a time-based restricted stock unit grant under the company’s 2020 Omnibus Incentive Plan. The award vests over four years, with one-quarter vesting on each anniversary of the grant date.
After this grant, Werner directly holds 383,224 shares of Class B common stock. Because this is a compensation-related grant at no stated purchase price, it reflects equity-based pay rather than an open-market share purchase.
Ballard Brock reported acquisition or exercise transactions in this Form 4 filing.
Bentley Systems reported that Chief Revenue Officer Brock Ballard received a grant of 19,769 shares of Class B common stock as a time-based restricted stock unit award. The award was granted at no cash cost and will vest over four years, with one-quarter vesting on each grant date anniversary. Following this compensation grant, Ballard directly holds 98,112 shares.
Shaman David R. reported acquisition or exercise transactions in this Form 4 filing.
Bentley Systems Chief Legal Officer David R. Shaman received a grant of 18,769 shares of Class B common stock as a time-based restricted stock unit award at a stated price of $0. The award was granted under the company’s 2020 Omnibus Incentive Plan and vests over four years, with one-quarter vesting on each anniversary of the grant date.
Following the grant, Shaman directly holds 664,600 shares of Class B common stock. The filing also reports indirect holdings of Class B shares through grantor retained annuity trusts, a spouse acting as trustee, and a 401(k) plan, reflecting additional beneficial ownership held via these entities.
Bentley Systems Inc executive chair and president Gregory S. Bentley reported two bona fide gifts of 672 shares each of Class B common stock on March 3, 2026, at a reported price of $0.0000 per share. After these gifts, he directly held 7,614,941 Class B shares and had additional indirect holdings of 29,155 shares by spouse and 92,654 shares through a 401(k) plan.
Bentley Systems, Incorporated files its Annual Report describing a global infrastructure engineering software business focused on advancing digital workflows and asset performance. The company serves nearly 42,000 accounts in 189 countries, with about 59% of 2025 revenue from outside the U.S. and a diversified mix of public- and private-sector clients.
Sector-attributable annualized recurring revenue is concentrated in Public Works/Utilities (≈59%), with additional exposure to Resources (≈27%), Industrial (≈9%), and Commercial/Facilities (≈5%). Bentley highlights its comprehensive portfolio, including Bentley Open Applications, Seequent subsurface tools, Bentley Infrastructure Cloud, Bentley Asset Analytics, and its Cesium and iTwin Platform for infrastructure digital twins and AI.
The report emphasizes growth initiatives around enterprise subscriptions (E365), SMB expansion via its Virtuosity e‑store, and asset analytics. It also details extensive risk factors, including macro and sector demand volatility, foreign currency exposure, data privacy and cybersecurity, AI regulation, acquisition integration, channel partner dependence, and restrictive debt covenants tied to leverage and Bentley family ownership levels.
Bentley Systems reported solid growth for the quarter and year ended December 31, 2025 and outlined its 2026 outlook. Fourth-quarter total revenues were $391.6 million, up 11.9%, with subscriptions at $356.6 million. Annualized recurring revenues reached $1,462.1 million, up from $1,283.3 million, an 11.5% constant currency growth rate. Operating income margin improved to 20.0%, and Adjusted EPS rose to $0.27 from $0.21.
For full-year 2025, total revenues were $1,501.8 million, up 11.0%, with subscriptions at $1,376.7 million, up 12.5%. Net income per diluted share increased to $0.85, while Adjusted EPS grew to $1.21. Free cash flow rose to $520.2 million from $421.2 million, and operating cash flows reached $538.5 million. The company highlighted strong ARR quality, higher margins, and lowered net debt leverage to 2.1 times, aided by repaying $678 million of 0.125% convertible notes and drawing $610 million from revolving credit facilities.
The board declared a first-quarter 2026 dividend of $0.07 per share, payable on March 19, 2026 to Class A and Class B stockholders of record on March 10, 2026. For 2026, Bentley targets total revenues of $1,685–$1,715 million (constant currency growth of 11–13%), ARR growth of 10.5–12.5%, AOI less Operating SBC of $495–$510 million, and free cash flow of $500–$570 million. Management also emphasized AI-driven opportunities, recent acquisitions of Talon Aerolytics and Pointivo’s technology to strengthen Asset Analytics, and continued focus on programmatic acquisitions, dividends, and share repurchases.