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Bentley Systems, Incorporated BSY Q1 2025 earnings

Reported May 7, 2025 · Before market open

Revenue$370.5MBeat by $4.2MDiluted EPS$0.35Beat by $0.05
Revenue estimate$366.3M
EPS estimate$0.30

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$412.1M
EPS estimate$0.32

Financials

Q1 2025

Income statement

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Revenue$370.5M+9.7%
Gross profit$304.9M+10.5%
Operating income$115.2M+25.3%
Net income$91.4M+30.0%
EPS (diluted)$0.28+27.3%

Balance sheet

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Cash & equivalents$83.6M-40.9%
Total debt$1.3B-13.1%
Total equity$1.1B—
Total assets$3.4B+1.5%

Cash flow

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Operating cash flow$219.4M+7.0%
CapEx$3.0M-15.4%
Free cash flow$216.4M+7.4%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$11.92B-27.3%
Enterprise value$13.12B-26.1%
P/E46.6×-0.1×
P/S8.6×-4.5×

Profitability

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Gross margin81.1%+2.0pp
Operating margin23.5%+3.0pp
Net margin18.5%-9.6pp
FCF margin31.5%-2.2pp

Returns & leverage

See full
Debt / equity1.2×—
Current ratio0.5×-0.1×

Segments

By product

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Enterprise subscriptions$150.5M+18.0%
Enterprise 365 subscriptions$146.9M+19.4%
Term license subscriptions$129.7M+11.8%
SELECT subscriptions$62.2M-2.2%
Other$14.3M-17.7%

By geography

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EMEA$107.0M+13.0%
Asia-Pacific (“APAC”)$64.6M+9.7%

Versus estimates

Revenue

Q1 2026$424.2MBeat by $4.4MQ4 2025$391.6MBeat by $9.8MQ3 2025$375.5MBeat by $5.7MQ2 2025$364.1MBeat by $474.8K
Q1 2025$370.5MBeat by $4.2M
Q4 2024$349.8MMiss by $548.2K

Diluted EPS

Q1 2026$0.38Beat by $0.02Q4 2025$0.27Beat by $0.01Q3 2025$0.27Miss by $0.00Q2 2025$0.32Beat by $0.04
Q1 2025$0.35Beat by $0.05
Q4 2024$0.21Miss by $0.01

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Questions, answered.

When did Bentley Systems, Incorporated report Q1 2025 earnings?
Bentley Systems, Incorporated (BSY) reported Q1 2025 earnings on May 7, 2025 before market open.
What were Bentley Systems, Incorporated's Q1 2025 revenue and EPS?
Bentley Systems, Incorporated reported revenue of $370.5M and diluted EPS of $0.35 for Q1 2025.
Did Bentley Systems, Incorporated beat estimates in Q1 2025?
Revenue beat the consensus estimate of $366.3M by $4.2M. EPS beat the consensus estimate of $0.30 by $0.05.
How did Bentley Systems, Incorporated's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 9.7% from $337.8M a year earlier and diluted EPS grew 12.9% from $0.31.
Where can I find Bentley Systems, Incorporated's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001031308-25-000004) directly on SEC EDGAR. The filing index links above go to sec.gov.