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Bentley Systems, Incorporated BSY Q3 2025 earnings

Reported November 5, 2025 · Before market open

Revenue$375.5MBeat by $5.7MDiluted EPS$0.27Miss by $0.00
Revenue estimate$369.8M
EPS estimate$0.27

Next report

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

Financials

Q3 2025

Income statement

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Revenue$375.5M+12.0%
Gross profit$303.4M+12.2%
Operating income$84.5M+23.1%
Net income$57.4M+35.5%
EPS (diluted)$0.18+38.5%

Balance sheet

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Cash & equivalents$165.4M+129%
Total debt$1.3B-12.0%
Total equity$1.2B—
Total assets$3.5B+2.0%

Cash flow

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Operating cash flow$116.4M+35.2%
CapEx$5.7M+215%
Free cash flow$110.7M+31.3%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$15.63B-2.3%
Enterprise value$16.75B-3.7%
P/E58×+14.1×
P/S10.7×-1.5×

Profitability

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Gross margin81.2%+0.8pp
Operating margin23.7%+2.5pp
Net margin18.4%-9.3pp
FCF margin31.5%-0.9pp

Returns & leverage

See full
Debt / equity1.1×—
Current ratio0.6×+0.1×

Segments

By product

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Enterprise subscriptions$157.5M+16.1%
Enterprise 365 subscriptions$156.8M+17.6%
Term license subscriptions$119.5M+16.1%
SELECT subscriptions$67.2M+4.1%
Other$16.8M-2.8%

By geography

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EMEA$107.9M+13.2%
Asia-Pacific (“APAC”)$71.3M+11.0%

Versus estimates

Revenue

Q1 2026$424.2MBeat by $4.4MQ4 2025$391.6MBeat by $9.8M
Q3 2025$375.5MBeat by $5.7M
Q2 2025$364.1MBeat by $474.8KQ1 2025$370.5MBeat by $4.2MQ4 2024$349.8MMiss by $548.2K

Diluted EPS

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

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Questions, answered.

When did Bentley Systems, Incorporated report Q3 2025 earnings?
Bentley Systems, Incorporated (BSY) reported Q3 2025 earnings on November 5, 2025 before market open.
What were Bentley Systems, Incorporated's Q3 2025 revenue and EPS?
Bentley Systems, Incorporated reported revenue of $375.5M and diluted EPS of $0.27 for Q3 2025.
Did Bentley Systems, Incorporated beat estimates in Q3 2025?
Revenue beat the consensus estimate of $369.8M by $5.7M. EPS missed the consensus estimate of $0.27 by $0.00.
How did Bentley Systems, Incorporated's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 12.0% from $335.2M a year earlier and diluted EPS grew 12.5% from $0.24.
Where can I find Bentley Systems, Incorporated's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001031308-25-000012) and the 10-Q periodic report (0001031308-25-000015) directly on SEC EDGAR. The filing index links above go to sec.gov.