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Bentley Systems, Incorporated BSY Portfolio Balancing — Contract with customer, liability

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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$10.95B-34.6%
Enterprise value$12.07B-32.7%
P/E37.8×-28.1×
P/S6.8×-5.0×

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:ContractWithCustomerLiability.

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

As of June 30, 2026 and December 31, 2025, the Company deferred $19,473 and $19,822, respectively, related to portfolio balancing exchange rights which is included in Deferred revenues in the consolidated balance sheets.

Item 1. Unaudited Consolidated Financial Statements

FAQ

What is Bentley Systems, Incorporated's portfolio balancing — contract with customer, liability?
Bentley Systems, Incorporated (BSY) reported portfolio balancing — contract with customer, liability of $19.47M in Q2 2026.
How has Bentley Systems, Incorporated's portfolio balancing — contract with customer, liability changed year-over-year?
Bentley Systems, Incorporated's portfolio balancing — contract with customer, liability decreased by 2.2% year-over-year, from $19.91M to $19.47M.
What is the long-term trend for Bentley Systems, Incorporated's portfolio balancing — contract with customer, liability?
Over 4 years (2021 to 2025), Bentley Systems, Incorporated's portfolio balancing — contract with customer, liability has grown at a 2.1% compound annual growth rate (CAGR), from $72.97M to $79.42M.
What does portfolio balancing — contract with customer, liability mean?
This metric represents the deferred revenue or contractual liability associated with portfolio balancing exchange rights granted to customers. It reflects the obligation to provide future software access or service adjustments as part of a contract modification or strategic product transition. This liability is recognized when customers are entitled to exchange existing software licenses or service subscriptions for different offerings within the company's infrastructure portfolio.

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