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Bentley Systems, Incorporated BSY Subscriptions and licenses — Total cost of revenues

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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:CostOfRevenue.

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 subscriptions and licenses — total cost of revenues?
Bentley Systems, Incorporated (BSY) reported subscriptions and licenses — total cost of revenues of $53.1M in Q1 2026.
How has Bentley Systems, Incorporated's subscriptions and licenses — total cost of revenues changed year-over-year?
Bentley Systems, Incorporated's subscriptions and licenses — total cost of revenues increased by 14.2% year-over-year, from $46.5M to $53.1M.
What is the long-term trend for Bentley Systems, Incorporated's subscriptions and licenses — total cost of revenues?
Over 4 years (2021 to 2025), Bentley Systems, Incorporated's subscriptions and licenses — total cost of revenues has grown at a 12.8% compound annual growth rate (CAGR), from $124.32M to $201.41M.
What does subscriptions and licenses — total cost of revenues mean?
The direct expenses incurred to provide and maintain software subscriptions and licenses.
How do you interpret subscriptions and licenses — total cost of revenues?
An increase relative to revenue may indicate rising infrastructure costs or inefficiencies in service delivery, while a decrease suggests improved operational leverage.
How does subscriptions and licenses — total cost of revenues compare across companies?
Commonly reported by technology firms as 'Cost of Goods Sold' or 'Cost of Revenue' for software segments.