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Bentley Systems, Incorporated

BSYTechnologyNASDAQ

Software - Application

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Financials · Annual
Revenue
$1.50B
+11.0% YoY
Net Income
$277.9M
+18.3% YoY
EBITDA
$431.9M
+12.9% YoY
Free Cash Flow
$418.3M

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About Bentley Systems, Incorporated

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company carries a $9.78B market cap, placing it firmly in the mid-cap category. The company offers open modeling applications, such as MicroStation, OpenBridge, OpenBuildings, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite and OpenSite+, OpenTower, OpenTunnel, and OpenUtilities; and open simulation applications, including ADINA, AutoPIPE, LEGION, OpenPaths, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.

Key stats
Market Cap$9.78B
P/E (TTM)37.01
Fwd P/E20.40
EPS$0.87
Beta1.01
52W Change-32.5%
Dividend Yield0.87%
ROE24.3%
Analysis

The company holds $105.2M in cash, though total debt stands at $1.17B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company generates $418.3M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 24.3%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 6.9% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $1.10B (2022) to $1.50B (2025), reflecting a 37% increase over the period.

Bentley Systems, Incorporated carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Bentley Systems, Incorporated and its sector.

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