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Bentley Systems, Incorporated BSY Term 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 term licenses — total revenues?
Bentley Systems, Incorporated (BSY) reported term licenses — total revenues of $205.79M in Q2 2026.
How has Bentley Systems, Incorporated's term licenses — total revenues changed year-over-year?
Bentley Systems, Incorporated's term licenses — total revenues increased by 18.2% year-over-year, from $174.15M to $205.79M.
What is the long-term trend for Bentley Systems, Incorporated's term licenses — total revenues?
Over 4 years (2021 to 2025), Bentley Systems, Incorporated's term licenses — total revenues has grown at a 19.4% compound annual growth rate (CAGR), from $359.3M to $731.23M.
What does term licenses — total revenues mean?
This metric represents the total revenue generated from software licenses sold for a specific, finite duration rather than as a perpetual license or a pure subscription-as-a-service model. It reflects the company's ability to monetize its core engineering and infrastructure design software through recurring term-based contracts. This revenue stream is a critical indicator of the firm's transition toward predictable, ratable revenue models while maintaining flexibility for professional engineering clients.

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