Bentley Systems, Incorporated
50.49-1.12 (-2.17%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · BSY · USD
Key Stats
Market Cap
15.33BP/E (TTM)
64.73Basic EPS (TTM)
0.78Dividend Yield
0.01%Recent Filings
8-K
Bentley shifts notes settlement to shares
Bentley Systems elected to switch the settlement method for its 0.125% Convertible Senior Notes due 2026 from cash to physical delivery of Class B common stock, effective for conversions starting October 15, 2025. This change, announced October 14, 2025, under the 2021 Indenture, means holders will receive shares instead of cash upon conversion. It simplifies settlement but exposes the company to dilution risks from issuing new stock.
8-K
Q3 dividend declared
Bentley Systems declared a $0.07 per share cash dividend for Q3 2025, payable September 30 to shareholders of record on September 23. This steady payout underscores the company's commitment to returning capital amid stable operations. Dividends hinge on financial health, yet macroeconomic pressures or business shifts could halt them.
10-Q
Q2 FY2025 results
Bentley Systems posted solid Q2 results, with total revenues climbing 10.2% year-over-year to $364.1M, fueled by 12.1% subscription growth to $333.5M, while services dipped 7.1%. Gross profit swelled 10.6% to $295.3M, yielding a steady 81.1% margin, and operating income edged up 5.3% to $84.4M as R&D and sales investments ramped. Diluted EPS held at $0.22, aligning with 332.8M weighted shares and no anti-dilution flags. Cash from operations hit $280.5M year-to-date, up 4.9%, with free cash flow at $273.4M after $7.1M capex; debt eased to $1.25B, revolver fully available at $1.30B. No M&A closed this quarter. Competition from open-source rivals could pressure pricing in engineering apps.
8-K
Strong Q2 revenue growth
Bentley Systems reported Q2 2025 revenues of $364.1 million, up 10.2% year-over-year, with subscriptions surging 12.1% to $333.5 million and ARR hitting $1,379.2 million for 11.5% constant currency growth. While operating margins dipped slightly to 23.2%, adjusted EPS rose to $0.32, and free cash flow held at $57.0 million amid global headwinds. Executives affirmed 2025 outlook, citing resilient infrastructure demand. Balance sheet fortifies buybacks and dividends.
8-K
Annual meeting and dividend declaration
Bentley Systems held its 2025 Annual Meeting on May 22, where all eight director nominees, including Barry J. Bentley and Gregory S. Bentley, secured reelection with strong majorities exceeding 538 million votes for, while the advisory vote approved executive compensation and ratified KPMG as auditors. The board then declared a $0.07 per share Q2 dividend, payable June 12 to shareholders of record June 3. Dividends remain subject to board discretion amid macroeconomic risks.
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