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BSY

Bentley Systems, Incorporated

Bentley Systems, Incorporated is classed by the SEC under Services-Prepackaged Software (industry code 7372), based in Exton, PA. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $1.5 billion and a profit of $278 million (its filed statements).

Subscription business Services-Prepackaged Software Exton, PA filings since 2002 9 of 9 filed

Sector peers: CCCMDBHUBSPATH

5.8/10headline grade
vs its business-model standard

Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a subscription business: prior from its industry code (SEC 7372, Services-Prepackaged Software); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.

The grade, in three tenses

Headline 5.8 out of ten, 9 of 9 metrics filed: past 6.6 out of ten, present 6.2 out of ten, future 4.8 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.

The nine metrics

  • Surviving crises (past): 7.3 out of ten. No warning events in its filings since 2017. 73rd percentile among 230 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Track record (past): 6.8 out of ten. +11.7% a year over 8 filed years; profitable in 8 of 8. 67th percentile among 213 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Shareholder treatment (past): 6.1 out of ten. Share count grew 0.1% a year. 29% of cash flow returned. Insiders: 2 sales, 0 purchases. 61st percentile among 152 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Financial health (present): 6.0 out of ten. ROE 23%: 23¢ of profit per shareholder dollar. Leverage 67%: owes 67¢ per asset dollar. 60th percentile among 217 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Industry position (present): 7.0 out of ten. top 30% of 218 in its family; net margin 18.5%. 70th percentile among 218 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Leadership (present): 5.5 out of ten. top 45% of 137 in its family for leadership; chief executive since 2024. 55th percentile among 137 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
  • Room to expand (future): 5.8 out of ten. top 42% of 216 in its family for room to expand. 58th percentile among 216 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Growth drivers (future): 5.1 out of ten. top 49% of 213 in its family for growth drivers. 51st percentile among 213 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
  • Expectations vs reality (future): 3.8 out of ten. bottom 38% of 194 in its family for expectations against reality. 38th percentile among 194 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).

The filing record

Newest annual report: Form 10-K filed 2026-02-26 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-06 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-06 (on EDGAR). Newest filing: Form 4, 2026-10-01. Filings on record since 2002. Read from EDGAR 2026-10-12.

Where the revenue comes from

Product and service lines in fiscal 2025: Enterprise License Subscriptions 42%, Term License Subscriptions 32%, SELECT Subscriptions 18%, Professional Services Other 4%, Perpetual Licenses 3%, Professional Services Recurring 1%. By geography: Americas 53%, EMEA 29%, APAC 18%. As tagged in its annual report (Form 10-K, filed 2026-02-26).

Who runs it

Cumins, Nicholas (Chief Executive Officer); Bentley, Gregory S (Executive Chair & President); Bentley, Raymond B. (Executive Vice President); Andre, Werner (Chief Financial Officer); Lee, James K (Chief Operating Officer); Bentley, Keith A. (Chief Technology Officer); Moutte, Julien (Chief Technology Officer); Rahden, Andrew (Chief Revenue Officer); Shaman, David R. (Chief Legal Officer); Trimback, Thomas F (Chief Accounting Officer); and 5 more. 15 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-10-01.

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