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Bentley Systems, Incorporated BSY SELECT subscriptions — Total revenues

Other product segments

Enterprise subscriptions
$169.2M+11.6%
Enterprise 365 subscriptions
$168.73M+12.4%
Term license subscriptions
$143.15M+25.0%
Other
$18.53M+15.9%
Perpetual licenses
$9.71M-4.8%
Recurring
$3.85M-13.7%

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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: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
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Subscriptions:
Enterprise subscriptions (1)$169,202$151,659$341,602$302,137
SELECT subscriptions66,28067,284133,303129,444
Term license subscriptions143,153114,509296,214244,189
Subscriptions378,635333,452771,119675,770
Perpetual licenses9,70710,19318,76420,985
Subscriptions and licenses388,342343,645789,883696,755
Services:

Item 1. Unaudited Consolidated Financial Statements

FAQ

What is Bentley Systems, Incorporated's SELECT subscriptions — total revenues?
Bentley Systems, Incorporated (BSY) reported SELECT subscriptions — total revenues of $66.28M in Q2 2026.
How has Bentley Systems, Incorporated's SELECT subscriptions — total revenues changed year-over-year?
Bentley Systems, Incorporated's SELECT subscriptions — total revenues decreased by 1.5% year-over-year, from $67.28M to $66.28M.
What is the long-term trend for Bentley Systems, Incorporated's SELECT subscriptions — total revenues?
Over 4 years (2021 to 2025), Bentley Systems, Incorporated's SELECT subscriptions — total revenues has grown at a -0.2% compound annual growth rate (CAGR), from $269.28M to $267.24M.
What does SELECT subscriptions — total revenues mean?
This metric represents the total revenue generated from the company's core subscription-based software licensing model. It reflects the recurring income stream derived from customers accessing design, modeling, and infrastructure management software tools over a defined period. This segment is a primary indicator of the firm's ability to maintain a stable, predictable revenue base from its established user community.

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