Bentley Systems Incorporated (BSY) Financial Statements (2026 and earlier)

Company Profile

Business Address 685 STOCKTON DRIVE
EXTON, PA 19341
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments64,00968,41271,684329,337122,006
Cash and cash equivalent64,00968,41271,684329,337122,006
Receivables314,467293,536287,073235,266190,023
Prepaid expense13,06612,81218,40616,8803,535
Contract with customer, asset, after allowance for credit loss   575336446
Other undisclosed current assets50,53144,79738,15734,01224,248
Total current assets:442,073419,557415,895615,831340,258
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    31343
Operating lease, right-of-use asset32,30338,47640,24950,81846,128
Long-term investments and receivables2,4752,43696  
Long-term investments2,4752,43696  
Intangible asset, including goodwill, after accumulated amortization2,581,1382,518,1232,529,4551,834,311626,801
Goodwill2,367,1792,269,3362,237,1841,588,477581,174
Intangible asset, excluding goodwill, after accumulated amortization213,959248,787292,271245,83445,627
Deferred income tax assets198,286212,83152,63671,37639,224
Other noncurrent assets86,44567,28372,24948,64639,519
Other undisclosed noncurrent assets57,08761,14454,42538,23033,762
Total noncurrent assets:2,957,7342,900,2932,749,1102,043,412785,777
TOTAL ASSETS:3,399,8073,319,8503,165,0052,659,2431,126,035
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities552,896475,442377,224346,782246,651
Taxes payable✕✕✕✕6,6963,366
Accounts payable16,47918,09415,17616,48316,492
Accrued liabilities536,417457,348362,048323,603226,793
Deferred revenue245,729253,785226,955224,610202,294
Debt  10,0005,0005,098197
Other undisclosed current liabilities15,70921,13619,17917,38416,413
Total current liabilities:814,334760,363628,358593,874465,555
Noncurrent Liabilities
Long-term debt and lease obligation1,388,0881,518,4031,775,6961,466,266277,767
Long-term debt, excluding current maturities1,388,0881,518,4031,775,6961,430,992246,000
Liabilities, other than long-term debt156,265157,102187,497189,88141,114
Accounts payable and accrued liabilities 3,6157,3378,1057,7257,883
Deferred revenue16,64115,86216,1187,9837,020
Deferred compensation liability, classified96,68488,18177,01494,890 
Deferred income tax liabilities8,6129,71851,23565,01410,849
Other liabilities3,8195,3787,35514,26915,362
Operating lease, liability26,89430,62627,67035,27431,767
Total noncurrent liabilities:1,544,3531,675,5051,963,1931,656,147318,881
Total liabilities:2,358,6872,435,8682,591,5512,250,021784,436
Equity
Equity, attributable to parent, including:1,040,987880,315572,750409,222341,599
Common stock   2,8902,8252,722
Additional paid in capital1,217,9861,127,2341,030,466937,805741,113
Accumulated other comprehensive loss(104,078)(84,987)(89,740)(91,774)(26,233)
Accumulated deficit(75,941)(161,932)(370,866)(439,634)(376,003)
Other undisclosed equity, attributable to parent3,020    
Equity, attributable to noncontrolling interest133704704  
Other undisclosed equity  2,963   
Total equity:1,041,120883,982573,454409,222341,599
TOTAL LIABILITIES AND EQUITY:3,399,8073,319,8503,165,0052,659,2431,126,035

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues1,353,0951,228,4131,099,082965,046801,544
Cost of revenue(257,767)(266,083)(237,013)(216,539)(167,155)
Gross profit:1,095,328962,330862,069748,507634,389
Operating expenses(793,178)(731,788)(653,457)(653,918)(484,239)
Operating income:302,150230,542208,61294,589150,150
Nonoperating income (expense)15,679(5,684)24,71911,53725,383
Investment income, nonoperating2,7301,538421306437
Other nonoperating income (expense)12,949(7,222)24,29811,23124,946
Interest and debt expense(16,967)(34,973)(35,056)(12,797)(7,913)
Other undisclosed loss from continuing operations before equity method investments, income taxes(7,807)(6,358)   
Income from continuing operations before equity method investments, income taxes:293,055183,527198,27593,329167,620
Income (loss) from equity method investments10419(2,212)(3,585)(2,474)
Income from continuing operations before income taxes:293,159183,546196,06389,744165,146
Income tax expense (benefit)(58,726)143,241(21,283)3,448(38,625)
Income from continuing operations:234,433326,787174,78093,192126,521
Income before gain (loss) on sale of properties:✕✕✕✕93,192126,521
Net income:234,433326,787174,78093,192126,521
Net income attributable to noncontrolling interest354    
Net income attributable to parent:234,787326,787174,78093,192126,521
Undistributed earnings (loss) allocated to participating securities, basic(84)(74)(42)(9)(234)
Net income available to common stockholders, basic:234,703326,713174,73893,183126,287
Interest on convertible debt6,8806,874   
Other undisclosed net income available to common stockholders, diluted   6,810  
Net income available to common stockholders, diluted:241,583333,587181,54893,183126,287

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:234,433326,787174,78093,192126,521
Other comprehensive income (loss)(19,133)    
Other undisclosed comprehensive loss  (322,034)(172,746)  
Comprehensive income:215,3004,7532,03493,192126,521
Comprehensive income, net of tax, attributable to noncontrolling interest396    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  326,787174,780(65,541)(2,306)
Comprehensive income, net of tax, attributable to parent:215,696331,540176,81427,651124,215

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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