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Bentley Systems, Incorporated BSY Licenses — Total revenues

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Other financials

Income statement

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Revenue$410.7M+12.8%
Gross profit$336.7M+14.0%
Operating income$88.6M+4.9%
Net income$78.6M+11.5%
EPS (diluted)$0.25+13.6%

Balance sheet

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Cash & equivalents$147.0M+64.0%
Total debt$1.3B-1.2%
Total equity$1.2B+3.4%
Total assets$3.6B+4.7%

Cash flow

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Operating cash flow$71.5M+17.1%
CapEx$7.7M+88.6%
Free cash flow$63.8M+11.9%

Valuation

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Market cap$10.74B-35.9%
Enterprise value$11.86B-33.9%
P/E37.1×-28.8×
P/S6.7×-5.1×

Profitability

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Gross margin81.8%+0.7pp
Operating margin23.6%+0.4pp
Net margin18.1%+0.2pp
FCF margin31.1%+0.6pp

Returns & leverage

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Return on equity24.5%
Debt / equity1.1×0.0×
Current ratio0.6×+0.1×

Where this comes from

Reported directly by Bentley Systems, Incorporated in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Bentley Systems, Incorporated’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:12 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001031308-26-000023

The Company recognizes perpetual licenses and the term license component of subscriptions as revenue when either the licenses are delivered or at the start of the subscription term. For the three months ended June 30, 2026 and 2025, the Company recognized $215,494 and $184,341 of license related revenues, respectively, of which $205,787 and $174,148, respectively, were attributable to the term license component of the Company’s subscription‑based commercial offerings recorded in Subscriptions in the consolidated statements of operations. For the six months ended June 30, 2026 and 2025, the Company recognized $445,800 and $385,379 of license related revenues, respectively, of which $427,036 and $364,394, respectively, were attributable to the term license component of the Company’s subscription‑based commercial offerings recorded in Subscriptions in the consolidated statements of operations.

Item 1. Unaudited Consolidated Financial Statements

FAQ

What is Bentley Systems, Incorporated's licenses — total revenues?
Bentley Systems, Incorporated (BSY) reported licenses — total revenues of $215.49M in Q2 2026.
How has Bentley Systems, Incorporated's licenses — total revenues changed year-over-year?
Bentley Systems, Incorporated's licenses — total revenues increased by 16.9% year-over-year, from $184.34M to $215.49M.
What is the long-term trend for Bentley Systems, Incorporated's licenses — total revenues?
Over 4 years (2021 to 2025), Bentley Systems, Incorporated's licenses — total revenues has grown at a 17.2% compound annual growth rate (CAGR), from $412.38M to $777.41M.
What does licenses — total revenues mean?
This metric represents the total revenue generated from the sale of perpetual software licenses and related upfront software delivery models within a specific business segment. It captures the financial performance of non-subscription-based product offerings, reflecting the company's ability to monetize its intellectual property through direct ownership models. This revenue stream is critical for assessing the company's market penetration in sectors that prefer capital expenditure over recurring operational expenses.

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