v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 146,981 $ 123,278
Accounts receivable 368,136 350,299
Allowance for credit losses (8,957) (7,609)
Prepaid income taxes 25,115 19,805
Prepaid and other current assets 56,616 53,260
Total current assets 587,891 539,033
Property and equipment, net 42,373 36,031
Operating lease right-of-use assets 42,503 31,141
Intangible assets, net 168,956 193,018
Goodwill 2,469,001 2,482,154
Investments 41,915 27,920
Deferred income taxes 153,710 170,368
Other assets 76,555 75,502
Total assets 3,582,904 3,555,167
Current liabilities:    
Accounts payable 22,792 26,952
Accruals and other current liabilities 182,034 173,255
Cloud Services Subscription deposits 496,322 463,312
Deferred revenues 263,154 278,244
Operating lease liabilities 12,568 13,669
Income taxes payable 4,394 4,778
Current portion of long-term debt 6,875 0
Total current liabilities 988,139 960,210
Long-term debt 1,210,305 1,248,912
Deferred compensation plan liabilities 112,736 106,831
Long-term operating lease liabilities 37,697 22,150
Deferred revenues 17,487 18,410
Deferred income taxes 4,942 4,368
Other liabilities 9,572 4,794
Total liabilities 2,380,878 2,365,675
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, 2026 and December 31, 2025 0 0
Additional paid-in capital 1,348,863 1,301,205
Accumulated other comprehensive loss (86,393) (74,558)
Accumulated deficit (63,446) (40,258)
Total Bentley Systems stockholders’ equity 1,202,042 1,189,413
Noncontrolling interest (16) 79
Total equity 1,202,026 1,189,492
Total liabilities and equity 3,582,904 3,555,167
Class A Common Stock    
Equity:    
Common stock 115 115
Class B Common Stock    
Equity:    
Common stock $ 2,903 $ 2,909