NASDAQ$BSY
Bentley Systems, Incorporated · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Bentley Systems reported increased revenues and strong operating income for Q4 2024.
Bentley Systems reported total revenues of $349.8 million for Q4 2024, a 12.6% increase year-over-year. The company achieved an adjusted EPS of $0.21 and an operating income margin of 17.6%. Subscription revenues drove growth, increasing by 15.8% compared to the prior year.
- Total revenues of $349.8 million, up 12.6% year-over-year.
- Adjusted EPS of $0.21, up from $0.20 in the same period last year.
- Operating income margin of 17.6%.
- Annualized recurring revenues (ARR) increased to $1,283.3 million.
Headline financials
Revenue & EPS history
Bentley Systems · Revenue · Quarterly
$350M
Revenue by segment
Bentley Systems · $35.9M total across 2 segments · Q3 2023
- Services$24M+1.7%66.9%
- Perpetual Licenses$11.9M+25.7%33.1%
Forward guidance
For 2025, Bentley Systems expects revenue between $1,461 million and $1,490 million, with sustained growth in subscriptions and operating income.
Tailwinds
- Expected ARR growth of 10.5% to 12.5%.
- Anticipated operating income margin improvement.
- Strong growth forecasted in subscription revenues.
- Free cash flow expected to range between $415 million to $455 million.
- Capital expenditures planned at approximately $20 million.
Headwinds
- Flat growth projected for perpetual license revenue.
- Flat growth projected for services revenue.
- Decline in free cash flow conversion year-over-year.
- Potential headwinds in the APAC region.
- Increased expenses related to stock-based compensation.
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 Q4 2024
-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
| Quarter | Report date | Reaction (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% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro