NASDAQ$BSY

Bentley Systems, Incorporated · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Bentley Systems reported Q1 2025, revenue of $370.5M, net income of $91.4M, diluted EPS of $0.28.

For Q1 2025, Bentley Systems reported revenue of $370.5M, net income of $91.4M, diluted EPS was $0.28. The filing highlights segment performance, liquidity, and management commentary on the period.

  • Revenue $370.5M.
  • Net income $91.4M.
  • Diluted EPS $0.28.

Headline financials

Total Revenue

$371M

Previous: $338M+9.7%
EPS (adj)

$0.28

Previous: $0.22+27.3%
Annualized Recurring Revenue

$1.32B

Previous: $1.19B+11.2%
Constant currency ARR growth

12.0%

No prior period
Net retention rate

110.0%

Previous: 108.0%+1.9%
Capital Expenditures

-$3.04M

Previous: -$3.6M+15.4%
Net Income

$91.4M

Previous: $70.3M+30.0%
Operating Income

$115M

Previous: $91.9M+25.3%
Gross Profit

$305M

Previous: $276M+10.5%

Revenue & EPS history

Bentley Systems · Revenue · Quarterly

$371M

Q1 2025+9.7%vs Q1 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Bentley Systems · $35.9M total across 2 segments · Q3 2023

  • Services
    $24M+1.7%
  • Perpetual Licenses
    $11.9M+25.7%

Forward guidance

Management discusses operating priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Headline results and segment trends anchor the quarter.
  • Liquidity and balance-sheet capacity support operations.
  • Strategic initiatives outlined in MD&A.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items affect year-over-year comparability.
  • Execution risk on growth or restructuring plans.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.5%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+4.0%

Avg return

30 days after

55%

16 / 29 earnings

Positive

+14.2%

Q4 2025

Best reaction

-23.4%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.8%+1.8%+2.6%
Q4 2025+14.2%+19.3%+7.0%
Q3 2025-1.0%-5.4%-11.8%
Q1 2025+5.6%+9.0%+13.7%
Q4 2024-2.3%-6.2%-13.1%
Q3 2024-2.7%-1.1%-0.4%
Q2 2024+4.6%+8.0%+8.6%
Q1 2024+1.5%+3.6%-5.9%
Q4 2023-3.2%-2.5%-0.5%
Q3 2023+7.0%+8.1%+5.5%
Q2 2023-6.2%-8.4%-2.5%
Q1 2023+9.1%+7.1%+19.0%
Q4 2022+1.7%+8.3%+7.8%
Q3 2022+1.7%+14.4%+16.3%
Q2 2022+1.1%+1.1%-6.0%
Q1 2022-23.4%-11.3%-5.4%
Q4 2021+6.1%-0.9%+15.1%
Q3 2021-5.5%-5.9%-21.3%
Q2 2021-3.6%-1.2%+6.6%
Q1 2021+8.1%+9.5%+39.6%
Q1 2020+8.1%+9.5%+39.6%
Q4 2020+3.8%+6.0%+7.7%
Q2 2020+3.8%+6.0%+7.7%
Q4 2018+3.8%+6.0%+7.7%
Q3 2019-10.2%-12.5%-4.2%
Q2 2019-10.2%-12.5%-4.2%
Q3 2020-10.2%-12.5%-4.2%
Q4 2019-10.2%-12.5%-4.2%
Q1 2019-10.2%-12.5%-4.2%

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