BENTLEY SYSTEMS INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.5B | $1.4B | $1.2B | $1.1B | $965.0M |
| Cost of revenue | $277.5M | $257.8M | $266.1M | $237.0M | $216.5M |
| Gross profit | $1.2B | $1.1B | $962.3M | $862.1M | $748.5M |
| Research and development | $307.6M | $281.2M | $274.6M | $257.9M | $220.9M |
| Operating expenses | $861.6M | $793.2M | $731.8M | $653.5M | $653.9M |
| Operating income | $362.6M | $302.1M | $230.5M | $208.6M | $94.6M |
| Interest expense | — | — | — | $35.1M | $11.5M |
| Pretax income | $350.7M | $293.1M | $183.5M | $198.3M | $93.3M |
| Income tax expense | $73.0M | $58.7M | -$143.2M | $21.3M | -$3.4M |
| Net income | $277.9M | $234.8M | $326.8M | $174.8M | $93.2M |
| Balance Sheet | |||||
| Cash and equivalents | $123.3M | $64.0M | $68.4M | $71.7M | $329.3M |
| Current assets | $539.0M | $442.1M | $419.6M | $415.9M | $615.8M |
| Total assets | $3.6B | $3.4B | $3.3B | $3.2B | $2.7B |
| Current liabilities | $960.2M | $814.3M | $760.4M | $628.4M | $593.9M |
| Total liabilities | $2.4B | $2.4B | $2.4B | $2.6B | $2.3B |
| Total debt | $1.3B | $1.4B | $1.5B | $1.8B | $1.5B |
| Stockholders' equity | $1.2B | $1.0B | $883.3M | $573.5M | $409.2M |
| Cash Flow Statement | |||||
| Cash from operations | $538.5M | $435.3M | $416.7M | $274.3M | $288.0M |
| Depreciation and amortization | — | — | — | $71.5M | $52.8M |
| Stock-based compensation | $72.6M | $74.4M | $73.0M | $75.2M | $49.0M |
| Capital expenditure | $18.3M | $14.0M | $25.0M | $18.5M | $17.5M |
| Free cash flow | $520.2M | $421.2M | $391.7M | $255.8M | $270.5M |
| Dividends paid | $85.0M | $72.1M | $58.8M | $34.5M | $33.4M |
| Share repurchases | $125.1M | $64.4M | $0 | $28.2M | $0 |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 303.8M · Free float 4.2%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.