v3.25.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 364,106 $ 330,337 $ 734,648 $ 668,100
Cost of revenues:        
Total cost of revenues 68,776 63,193 134,435 125,023
Gross profit 295,330 267,144 600,213 543,077
Operating expenses:        
Research and development 75,385 65,709 147,835 134,080
Selling and marketing 69,873 57,129 132,932 111,515
General and administrative 49,857 54,854 97,085 101,336
Deferred compensation plan 7,584 883 6,338 6,682
Amortization of purchased intangibles 8,201 8,392 16,409 17,356
Total operating expenses 210,900 186,967 400,599 370,969
Income from operations 84,430 80,177 199,614 172,108
Interest expense, net (3,519) (5,100) (7,327) (11,620)
Other (expense) income, net (1,596) 2,280 (1,147) 9,417
Income before income taxes 79,315 77,357 191,140 169,905
Provision for income taxes (8,876) (5,330) (29,364) (27,577)
Equity in net income of investees, net of tax 61 19 62 28
Net income 70,500 72,046 161,838 142,356
Less: Net income (loss) attributable to noncontrolling interest 18 0 (12) 0
Net income attributable to Bentley Systems $ 70,482 $ 72,046 $ 161,850 $ 142,356
Net income per share attributable to Bentley Systems stockholders:        
Basic (USD per share) $ 0.22 $ 0.23 $ 0.51 $ 0.45
Diluted (USD per share) $ 0.22 $ 0.22 $ 0.50 $ 0.44
Weighted average shares:        
Basic (in shares) 314,622,491 314,980,580 314,894,050 314,660,906
Diluted (in shares) 332,824,020 333,780,984 333,150,282 333,725,315
Subscriptions and licenses        
Revenues:        
Total revenues $ 343,645 $ 308,307 $ 696,755 $ 624,908
Cost of revenues:        
Total cost of revenues 47,758 42,432 94,256 82,650
Subscriptions        
Revenues:        
Total revenues 333,452 297,444 675,770 604,533
Perpetual licenses        
Revenues:        
Total revenues 10,193 10,863 20,985 20,375
Services        
Revenues:        
Total revenues 20,461 22,030 37,893 43,192
Cost of revenues:        
Total cost of revenues $ 21,018 $ 20,761 $ 40,179 $ 42,373