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Bentley Systems, Incorporated BSY Perpetual licenses — Total revenues

Other product segments

Enterprise subscriptions
$172.4M+14.6%
Enterprise 365 subscriptions
$169.14M+15.1%
Term license subscriptions
$153.06M+18.0%
SELECT subscriptions
$67.02M+7.8%
Other
$19.58M+37.1%
Recurring
$3.06M-2.9%

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SSNCPerpetual Licenses — Revenue
$3.5M-49.3%
Guidewire Software logo
GWRELicense, Perpetual License — Total Revenue
$100K
PTC logo
PTCPerpetual License — Revenue
$6.94M+19.0%
Dynatrace logo
DTLicense — Revenue
$0-100%
Tyler Technologies logo
TYLSoftware licenses and royalties — Total revenues
$5.1M-17.6%

Other financials

Income statement

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Revenue$424.2M+14.5%
Gross profit$350.4M+14.9%
Operating income$126.3M+9.6%
Net income$95.4M+4.4%
EPS (diluted)$0.30+7.1%

Balance sheet

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Cash & equivalents$105.2M+25.7%
Total debt$1.2B-9.1%
Total equity$1.2B+11.7%
Total assets$3.5B+3.5%

Cash flow

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Operating cash flow$193.4M-11.9%
CapEx$5.6M+82.4%
Free cash flow$187.9M-13.2%

Valuation

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Market cap$8.93B-10.8%
Enterprise value$9.99B-10.9%
P/E31.7×-7.4×
P/S5.7×-1.5×

Profitability

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Gross margin81.6%+0.5pp
Operating margin24%+0.5pp
Net margin18.1%-0.3pp
FCF margin31.6%+0.1pp

Returns & leverage

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Return on equity24.3%
Debt / equity-0.2×
Current ratio0.5×0.0×

Where this comes from

Reported directly by Bentley Systems, Incorporated in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Bentley Systems, Incorporated’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Bentley Systems, Incorporated's perpetual licenses — total revenues?
Bentley Systems, Incorporated (BSY) reported perpetual licenses — total revenues of $9.06M in Q1 2026.
How has Bentley Systems, Incorporated's perpetual licenses — total revenues changed year-over-year?
Bentley Systems, Incorporated's perpetual licenses — total revenues decreased by 16.1% year-over-year, from $10.79M to $9.06M.
What is the long-term trend for Bentley Systems, Incorporated's perpetual licenses — total revenues?
Over 4 years (2021 to 2025), Bentley Systems, Incorporated's perpetual licenses — total revenues has grown at a -3.4% compound annual growth rate (CAGR), from $53.08M to $46.18M.
What does perpetual licenses — total revenues mean?
Total revenue earned from selling software licenses that provide permanent access to a specific version of the product.
How do you interpret perpetual licenses — total revenues?
An increase suggests strong demand for legacy or non-subscription software models, while a decrease often indicates a strategic shift toward recurring subscription or SaaS revenue models.
How does perpetual licenses — total revenues compare across companies?
Peers in the software industry often report this as 'on-premise' or 'perpetual' license revenue, which is generally declining as companies transition to subscription-based models.