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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:ShareBasedCompensation.

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 itemSix Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization32,19131,389
Deferred income taxes17,847(2,646)
Stock-based compensation expense42,94036,995
Deferred compensation plan10,5876,338
Amortization of deferred debt issuance costs2,1893,788
Change in fair value of derivative(834)7,711
Foreign currency remeasurement loss1,2381,547

Item 1. Unaudited Consolidated Financial Statements

FAQ

What is Bentley Systems, Incorporated's stock-based comp?
Bentley Systems, Incorporated (BSY) reported stock-based comp of $22.75M in Q2 2026.
How has Bentley Systems, Incorporated's stock-based comp changed year-over-year?
Bentley Systems, Incorporated's stock-based comp increased by 16.1% year-over-year, from $19.59M to $22.75M.
What is the long-term trend for Bentley Systems, Incorporated's stock-based comp?
Over 4 years (2021 to 2025), Bentley Systems, Incorporated's stock-based comp has grown at a 10.3% compound annual growth rate (CAGR), from $49.05M to $72.58M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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