Bentley Systems, Incorporated
Bentley Systems, Incorporated (BSY) Financial Performance & Income Statement Overview
Review Bentley Systems, Incorporated (BSY) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
Bentley Systems, Incorporated (BSY) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Bentley Systems, Incorporated BSY financial performance.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $370.54M | $349.82M | $335.17M | $330.34M |
| Cost of Revenue | $65.66M | $67.91M | $64.83M | $70.42M |
| Gross Profit | $304.88M | $281.91M | $270.34M | $259.92M |
| Gross Profit Ratio | $0.82 | $0.81 | $0.81 | $0.79 |
| R&D Expenses | $72.45M | $77.13M | $70.07M | $65.77M |
| SG&A Expenses | $109.04M | $135.12M | $123.28M | $112.01M |
| Operating Expenses | $189.70M | $220.50M | $201.73M | $178.67M |
| Total Costs & Expenses | $255.36M | $258.37M | $266.54M | $249.09M |
| Interest Income | $600000.00 | $610000.00 | $436000.00 | $901000.00 |
| Interest Expense | $4.41M | $6.37M | $5.11M | $6.001M |
| Depreciation & Amortization | $15.64M | $16.21M | $16.03M | $14.83M |
| EBITDA | $131.87M | $92.41M | $78.79M | $98.19M |
| EBITDA Ratio | $0.36 | $0.26 | $0.24 | $0.30 |
| Operating Income | $115.18M | $61.41M | $68.63M | $81.25M |
| Operating Income Ratio | $0.31 | $0.18 | $0.20 | $0.25 |
| Other Income/Expenses (Net) | -$3.36M | $2.86M | -$9.76M | -$3.89M |
| Income Before Tax | $111.83M | $64.28M | $58.87M | $77.36M |
| Income Before Tax Ratio | $0.30 | $0.18 | $0.18 | $0.23 |
| Income Tax Expense | $20.49M | $14.63M | $16.52M | $5.33M |
| Net Income | $91.37M | $50.09M | $42.34M | $72.05M |
| Net Income Ratio | $0.25 | $0.14 | $0.13 | $0.22 |
| EPS | $0.29 | $0.16 | $0.14 | $0.23 |
| Diluted EPS | $0.28 | $0.16 | $0.13 | $0.22 |
| Weighted Avg Shares Outstanding | $315.13M | $315.04M | $315.21M | $314.98M |
| Weighted Avg Shares Outstanding (Diluted) | $333.44M | $333.87M | $333.79M | $333.78M |
The company's financials show resilient growth, with revenue advancing from $330.34M in Q2 2024 to $370.54M in Q1 2025. Gross profit remained healthy with margins at 82% in Q1 2025 compared to 79% in Q2 2024. Operating income hit $115.18M last quarter, sustaining a consistent 31% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $131.87M. Net income rose to $91.37M, while earnings per share reached $0.29. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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