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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:ResearchAndDevelopmentExpense.

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
Total cost of revenues73,98768,776147,761134,435
Gross profit336,740295,330687,147600,213
Operating expenses:
Research and development82,09175,385165,096147,835
Selling and marketing80,87069,873156,142132,932
General and administrative65,21649,857123,72597,085
Deferred compensation plan11,6617,58410,5876,338
Amortization of purchased intangibles8,2948,20116,72916,409

Item 1. Unaudited Consolidated Financial Statements

FAQ

What is Bentley Systems, Incorporated's R&D?
Bentley Systems, Incorporated (BSY) reported R&D of $82.09M in Q2 2026.
How has Bentley Systems, Incorporated's R&D changed year-over-year?
Bentley Systems, Incorporated's R&D increased by 8.9% year-over-year, from $75.39M to $82.09M.
What is the long-term trend for Bentley Systems, Incorporated's R&D?
Over 4 years (2021 to 2025), Bentley Systems, Incorporated's R&D has grown at a 8.6% compound annual growth rate (CAGR), from $220.92M to $307.58M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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