← BENTLEY SYSTEMS INC
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues: | $691.7m | $736.7m | $801.5m | $965.0m | $1.1b | $1.2b | $1.4b | $1.5b | $1.6b | |
| Total cost of revenues | $131.3m |
$144.2m
+9.77%
|
$167.2m
+15.96%
|
$216.5m
+29.54%
|
$237.0m
+9.46%
|
$266.1m
+12.27%
|
$257.8m
-3.13%
|
$277.5m
+7.67%
|
— | |
| Gross profit | $560.4m |
$592.5m
+5.73%
|
$634.4m
+7.07%
|
$748.5m
+17.99%
|
$862.1m
+15.17%
|
$962.3m
+11.63%
|
$1.1b
+13.82%
|
$1.2b
+11.77%
|
$1.3b
+7.10%
|
|
| Research and development | $175.0m | $183.6m | $185.5m | $220.9m | $257.9m | $274.6m | $281.2m | $307.6m | $324.8m | |
| Selling and marketing | $160.6m | $155.3m | $143.8m | $162.2m | $195.6m | $224.3m | $255.2m | $289.5m | $575.4m | |
| General and administrative | $89.3m | $97.6m | $113.5m | $150.1m | $174.6m | $180.7m | $210.4m | $217.3m | $262.6m | |
| Total operating expenses | $439.0m | $450.6m | $484.2m | $653.9m | $653.5m | $731.8m | $793.2m | $861.6m | $933.3m | |
| Income from operations | $121.4m |
$141.9m
+16.87%
|
$150.2m
+5.84%
|
$94.6m
-37.00%
|
$208.6m
+120.55%
|
$230.5m
+10.51%
|
$302.1m
+31.06%
|
$362.6m
+20.01%
|
$377.9m
+4.21%
|
|
| Interest expense, net | ($8.8m) | ($8.2m) | ($7.5m) | ($12.5m) | ($34.6m) | ($39.8m) | ($22.0m) | ($12.4m) | $26.9m | |
| Other income (expense), net | $236k | ($5.6m) | $24.9m | $11.2m | $24.3m | ($7.2m) | $12.9m | $547k | $17.8m | |
| Income before income taxes | $112.9m | $128.1m | $167.6m | $93.3m | $198.3m | $183.5m | $293.1m | $350.7m | $373.2m | |
| (Provision) benefit for income taxes | $29.2m | ($23.7m) | ($38.6m) | $3.4m | ($21.3m) | $143.2m | ($58.7m) | ($73.0m) | — | |
| Equity in net income of investees, net of tax | $0 | ($1.3m) | ($2.5m) | ($3.6m) | ($2.2m) | $19k | $104k | $38k | — | |
| Net income | $142.1m |
$103.1m
-27.46%
|
$126.3m
+22.50%
|
$93.2m
-26.21%
|
$174.8m
+87.57%
|
$326.8m
+86.97%
|
$234.4m
-28.26%
|
$277.8m
+18.50%
|
$289.9m
+4.37%
|
|
| Net income attributable to Bentley Systems | $142.1m | $103.1m | $126.5m | $93.2m | $174.8m | $326.8m | $234.8m | $277.9m | $289.9m | |
| Less: Net income (loss) attributable to noncontrolling interest | — | — | — | — | $0 | $0 | ($354k) | ($67k) | — | |
| Basic (USD per share) | $0.50 | $0.36 | $0.44 | $0.30 | $0.57 | $1.05 | $0.75 | $0.88 | — | |
| Diluted (USD per share) | $0.49 | $0.35 | $0.42 | $0.30 | $0.55 | $1.00 | $0.72 | $0.83 | — | |
| Deferred compensation plan | — | $408k | $177k | $95.0m | ($15.8m) | $13.6m | $12.4m | $14.4m | — | |
| Amortization of purchased intangibles | $14.0m | $14.2m | $15.4m | $25.6m | $41.1m | $38.5m | $34.0m | $32.8m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.