v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total revenues $ 410,727 $ 364,106 $ 834,908 $ 734,648
Cost of revenues:        
Total cost of revenues 73,987 68,776 147,761 134,435
Gross profit 336,740 295,330 687,147 600,213
Operating expenses:        
Research and development 82,091 75,385 165,096 147,835
Selling and marketing 80,870 69,873 156,142 132,932
General and administrative 65,216 49,857 123,725 97,085
Deferred compensation plan 11,661 7,584 10,587 6,338
Amortization of purchased intangibles 8,294 8,201 16,729 16,409
Total operating expenses 248,132 210,900 472,279 400,599
Income from operations 88,608 84,430 214,868 199,614
Interest expense, net (9,103) (3,519) (17,303) (7,327)
Other income (expense), net 15,564 (1,596) 16,061 (1,147)
Income before income taxes 95,069 79,315 213,626 191,140
Provision for income taxes (16,609) (8,876) (39,764) (29,364)
Equity in net income of investees, net of tax 55 61 2 62
Net income 78,515 70,500 173,864 161,838
Less: Net income (loss) attributable to noncontrolling interest (58) 18 (95) (12)
Net income attributable to Bentley Systems $ 78,573 $ 70,482 $ 173,959 $ 161,850
Net income per share attributable to Bentley Systems stockholders:        
Basic (in USD per share) $ 0.25 $ 0.22 $ 0.56 $ 0.51
Diluted (in USD per share) $ 0.25 $ 0.22 $ 0.55 $ 0.50
Weighted average shares:        
Basic (in shares) 311,784,740 314,622,491 312,227,764 314,894,050
Diluted (in shares) 318,957,692 332,824,020 320,435,795 333,150,282
Subscriptions and licenses        
Revenues:        
Total revenues $ 388,342 $ 343,645 $ 789,883 $ 696,755
Cost of revenues:        
Total cost of revenues 54,027 47,758 107,125 94,256
Subscriptions        
Revenues:        
Total revenues 378,635 333,452 771,119 675,770
Perpetual licenses        
Revenues:        
Total revenues 9,707 10,193 18,764 20,985
Services        
Revenues:        
Total revenues 22,385 20,461 45,025 37,893
Cost of revenues:        
Total cost of revenues $ 19,960 $ 21,018 $ 40,636 $ 40,179