The strong results and raised guidance suggest continued momentum in Bentley's subscription business and AI initiatives. The dividend and share count reduction indicate capital return and financial strength. Monitor AI adoption and execution against the 2026 outlook.
Price Chart
Executive Summary
Bentley Systems reported strong 2025 financial results with double-digit revenue and earnings growth, improved margins, and record free cash flow. The company raised its 2026 guidance, highlighted AI-driven growth in its Asset Analytics platform, and announced a quarterly dividend. These results reflect strong execution and financial discipline.
Key Financial Metrics
Key Facts
- Full year 2025 revenue of $1.50 billion, up 11.0% YoY (10.1% constant currency)
- Adjusted EPS of $1.21, up 12.6% YoY
- Free cash flow of $520.2 million, up 23.5% YoY
- 2026 revenue guidance of $1.685-$1.715 billion (11-13% growth)
- Dividend of $0.07 per share declared for Q1 2026
Financial Impact
Revenue growth of 11-13% in 2026, free cash flow of $500-$570 million
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Subscriptions | $1.4B | +12.5% |
| Services | $78.9M | -5.8% |
Risk Factors
- Execution risk on 2026 guidance
- Integration of recent acquisitions
- Macro-economic headwinds in infrastructure sectors
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001031308-26-000005 |
| Document: a25q4exhibit992.htm | 0001031308-26-000005 |
| Document: bsy-20260226.htm | 0001031308-26-000005 |
| Document: 0001031308-26-000005-index-headers.html | 0001031308-26-000005 |
| Document: 0001031308-26-000005-index.html | 0001031308-26-000005 |
| Document: 0001031308-26-000005.txt | 0001031308-26-000005 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 8w ago | 8-K | $35.36 $35.59 | ▲ +0.65% | ▲ +0.05% | $32.58 (−7.86%) |
Apr 10, 2026 24w ago | DEFA14A | $32.82 $32.64 | ▼ −0.55% | ▼ −8.28% | $32.58 (−0.73%) |
Feb 26, 2026 31w ago | 8-K | $36.98 $36.20 | ▼ −2.10% | ▲ +4.30% | $32.58 (−11.89%) |
US Market Status
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