Schedule of Net Income Per Share, Basic and Diluted |
The details of basic and diluted net income per share attributable to Bentley Systems stockholders are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Numerator: | | | | | | | | | Net income attributable to Bentley Systems | | $ | 70,482 | | | $ | 72,046 | | | $ | 161,850 | | | $ | 142,356 | | Less: Net income attributable to Bentley Systems allocated to participating securities | | (11) | | | (21) | | | (29) | | | (42) | | Basic net income attributable to Bentley Systems stockholders | | 70,471 | | | 72,025 | | | 161,821 | | | 142,314 | | Add: Interest expense, net of tax, attributable to assumed conversion of convertible senior notes | | 1,714 | | | 1,717 | | | 3,283 | | | 3,440 | | Diluted net income attributable to Bentley Systems stockholders | | $ | 72,185 | | | $ | 73,742 | | | $ | 165,104 | | | $ | 145,754 | | | | | | | | | | | Denominator: | | | | | | | | | Basic weighted average shares | | 314,622,491 | | | 314,980,580 | | | 314,894,050 | | | 314,660,906 | | Dilutive effect of stock options, restricted stock, and RSUs | | 574,768 | | | 1,036,506 | | | 638,912 | | | 1,361,265 | | Dilutive effect of ESPP | | 148,900 | | | 130,112 | | | 84,019 | | | 69,358 | | Dilutive effect of assumed conversion of convertible senior notes | | 17,477,861 | | | 17,633,786 | | | 17,533,301 | | | 17,633,786 | | Diluted weighted average shares | | 332,824,020 | | | 333,780,984 | | | 333,150,282 | | | 333,725,315 | | | | | | | | | | | Net income per share attributable to Bentley Systems stockholders: | | | | | | | | | Basic | | $ | 0.22 | | | $ | 0.23 | | | $ | 0.51 | | | $ | 0.45 | | Diluted | | $ | 0.22 | | | $ | 0.22 | | | $ | 0.50 | | | $ | 0.44 | |
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