Bentley Systems Inc

Latest Results (12.11.2025):

Bentley Systems Inc's Third Quarter 2025 results demonstrated robust top-line growth and improved profitability. The company reported total revenues of $375.5 million—up 12.0% year-over-year—and strong subscription performance with revenues reaching $344.3 million. They also achieved a solid annualized recurring revenue (ARR) increase to $1,405.2 million, alongside improved operating margins, net income per share, and healthy cash flows from operations and free cash flow.

Revenue and Subscription Growth

Total revenues for Bentley Systems Inc in Q3 2025 reached $375.5 million, a 12.0% increase year-over-year (10.6% on a constant currency basis). Subscription revenues climbed to $344.3 million, reflecting robust underlying demand with a 13.5% increase (12.1% on a constant currency basis).

Strength in Recurring Revenues

The company’s Annualized Recurring Revenues (ARR) rose to $1,405.2 million as of September 30, 2025, marking a 10.5% growth in constant currency compared to the prior year, signaling enduring customer commitment and predictable revenue streams.

Improved Profitability Metrics

Bentley Systems Inc enhanced its profit margins in Q3 2025 with an operating income margin of 22.5% (up from 20.5% last year) and an Adjusted Operating Income less SBC margin of 27.7%, compared to 26.7% in the same period last year. Additionally, net income per diluted share increased to $0.18 from $0.13, while Adjusted EPS improved to $0.27 from $0.24.

Robust Cash Flow Performance

The quarter also saw strong cash flow performance, with cash flows from operations of $116.4 million and free cash flow of $110.7 million, significantly higher than the $86.1 million and $84.3 million respectively recorded in the same quarter last year.