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Bentley Systems, Incorporated BSY Total Revenue

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Segments

By product

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Enterprise subscriptions$169.2M+11.6%
Enterprise 365 subscriptions$168.73M+12.4%
Term license subscriptions$143.15M+25.0%
SELECT subscriptions$66.28M-1.5%
Other$18.53M+15.9%
Perpetual licenses$9.71M-4.8%

By geography

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EMEA$122.78M+16.5%
Asia-Pacific (“APAC”)$68.58M+6.1%

Other financials

Income statement

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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
Perpetual licenses9,70710,19318,76420,985
Subscriptions and licenses388,342343,645789,883696,755
Services22,38520,46145,02537,893
Total revenues410,727364,106834,908734,648
Cost of revenues:
Cost of subscriptions and licenses54,02747,758107,12594,256
Cost of services19,96021,01840,63640,179
Total cost of revenues73,98768,776147,761134,435

Item 1. Unaudited Consolidated Financial Statements

FAQ

What is Bentley Systems, Incorporated's total revenue?
Bentley Systems, Incorporated (BSY) reported total revenue of $410.73M in Q2 2026.
How has Bentley Systems, Incorporated's total revenue changed year-over-year?
Bentley Systems, Incorporated's total revenue increased by 12.8% year-over-year, from $364.11M to $410.73M.
What is the long-term trend for Bentley Systems, Incorporated's total revenue?
Over 4 years (2021 to 2025), Bentley Systems, Incorporated's total revenue has grown at a 11.7% compound annual growth rate (CAGR), from $965.05M to $1.5B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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