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Bentley Systems, Incorporated BSY Q4 2025 Annual earnings

Reported February 26, 2026 · Before market open

Revenue$391.6MBeat by $9.8M
EPS$0.27Beat by $0.01
Revenue estimate$381.8M
EPS estimate$0.26

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$420.7M
EPS estimate$0.34

Financials

Q4 2025

Income statement

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Revenue$391.6M+11.9%
Gross profit$320.7M+13.8%
Operating income$78.5M+27.8%
Net income$58.6M+17.1%
EPS (diluted)$0.18+20.0%

Balance sheet

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Cash & equivalents$123.3M+92.6%
Total debt$1.3B-9.9%
Total equity$1.2B+14.3%
Total assets$3.6B+4.6%

Cash flow

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Operating cash flow$141.6M+73.4%
CapEx$5.4M-2.3%
Free cash flow$136.2M+79.0%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$11.59B-17.9%
Enterprise value$12.75B-17.6%
P/E41.7×-18.4×
P/S7.7×-2.7×

Profitability

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Gross margin81.5%+0.6pp
Operating margin24.1%+1.8pp
Net margin18.5%+1.2pp
FCF margin34.6%+3.5pp

Returns & leverage

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Return on equity24.9%+0.5pp
Debt / equity1.1×-0.3×
Current ratio0.6×0.0×

Segments

By product

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Enterprise subscriptions$163.4M+17.3%
Enterprise 365 subscriptions$160.5M+18.0%
Term license subscriptions$122.7M+12.0%
SELECT subscriptions$70.6M+5.8%
Other$17.2M+4.0%

By geography

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EMEA$116.5M+13.7%
Asia-Pacific (“APAC”)$73.9M+11.2%

FAQ

When did Bentley Systems, Incorporated report Q4 2025 earnings?
Bentley Systems, Incorporated (BSY) reported Q4 2025 earnings on February 26, 2026 before market open.
What were Bentley Systems, Incorporated's Q4 2025 revenue and EPS?
Bentley Systems, Incorporated reported revenue of $391.6M and eps of $0.27 for Q4 2025.
Did Bentley Systems, Incorporated beat estimates in Q4 2025?
Revenue beat the consensus estimate of $381.8M by $9.8M. EPS beat the consensus estimate of $0.26 by $0.01.
How did Bentley Systems, Incorporated's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.9% from $349.8M a year earlier and eps grew 28.6% from $0.21.
Where can I find Bentley Systems, Incorporated's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001031308-26-000005) and the 10-K periodic report (0001031308-26-000007) directly on SEC EDGAR. The filing index links above go to sec.gov.