v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 89,646 $ 64,009
Accounts receivable 300,173 322,862
Allowance for doubtful accounts (9,104) (8,395)
Prepaid income taxes 8,789 13,066
Prepaid and other current assets 50,018 50,531
Total current assets 439,522 442,073
Property and equipment, net 34,377 33,798
Operating lease right-of-use assets 31,473 32,303
Intangible assets, net 192,751 213,959
Goodwill 2,416,815 2,367,179
Investments 25,844 25,764
Deferred income taxes 201,702 198,286
Other assets 80,800 86,445
Total assets 3,423,284 3,399,807
Current liabilities:    
Accounts payable 24,480 16,479
Accruals and other current liabilities 153,821 169,522
Cloud Services Subscription deposits 414,791 366,895
Deferred revenues 246,646 245,729
Operating lease liabilities 11,908 11,656
Income taxes payable 6,718 4,053
Current portion of long-term debt 0 0
Total current liabilities 858,364 814,334
Long-term debt 1,245,843 1,388,088
Deferred compensation plan liabilities 98,895 96,684
Long-term operating lease liabilities 24,986 26,894
Deferred revenues 18,172 16,641
Deferred income taxes 8,768 8,612
Income taxes payable 0 3,615
Other liabilities 6,086 3,819
Total liabilities 2,261,114 2,358,687
Commitments and contingencies (Note 18)
Equity:    
Preferred stock, $0.01 par value, authorized 100,000,000 shares; none issued or outstanding as of June 30, 2025 and December 31, 2024 0 0
Additional paid-in capital 1,259,476 1,217,986
Accumulated other comprehensive loss (69,095) (104,078)
Accumulated deficit (31,374) (75,941)
Total Bentley Systems stockholders’ equity 1,162,041 1,040,987
Noncontrolling interest 129 133
Total equity 1,162,170 1,041,120
Total liabilities and equity 3,423,284 3,399,807
Class A Common Stock    
Equity:    
Common stock 115 115
Class B Common Stock    
Equity:    
Common stock $ 2,919 $ 2,905