BSY 8-K SEC Filing Analysis

Final — all horizons settled through T+60d

BSY ▼ -9.83% at T+60d

LONG call ✗ call lost -9.83% · α vs SPY -17.58% · entry $36.98 → $33.34

Last close $30.67 (close Jun 12) · -17.05% from $36.98 entry

Entry anchored
Feb 25, 03:59 PM ET
via Databento tick

T+1d

-1.32%

call -1.32% · α -0.87%

$36.49

settled 4mo ago

T+5d

+6.67%

call +6.67% · α +7.80%

$39.44

settled 3mo ago

T+20d

-2.10%

call -2.10% · α +4.30%

$36.20

settled 3mo ago

T+60d

-9.83%

call -9.83% · α -17.58%

$33.34

settled 25d ago

Price Chart

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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

Revenue

$1.5B

+11.0% YoY

Adj. EPS

$1.21

GAAP: $0.85

Guidance

$1,685million to $1,715million

raised

Free Cash Flow

$520.2M

Gross Margin

81.5%

Actionable Insight

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.

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

revenueepsfreeCashFlowdividends

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

Exchange

Nasdaq

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

2 reports for BSY

T+1T+5T+20T+60

Filters

Reports for BSY — sortable, filterable
	Type				Now
Apr 10, 2026 9w ago	DEFA14A NEUTRAL ★ 2/10	$32.82 $32.64	▼ −0.55%	▼ −8.28%	$30.67 (−6.55%)
Feb 26, 2026 15w ago	8-K BULLISH ★ 8/10	$36.98 $36.20	▼ −2.10%	▲ +4.30%	$30.67 (−17.05%)

US Market Status

Market Closed — Opens in 4h 35m

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