$BSY · BENTLEY SYSTEMS INC
Bentley Systems filed its 10-Q for the quarter ended September 30, 2026. Total revenues grew 12.2% YoY to $421.5M, driven by subscriptions up 12.4% to $386.8M. Net income attributable to Bentley Systems was $89.9M ($0.29 diluted EPS), up from $57.4M ($0.18) a year earlier. Gross margin was 82.9% and operating margin 29.1%.
- Revenue rose 12.2% YoY to $421.5M, with subscriptions up 12.4% to $386.8M.
- Net income attributable to Bentley Systems was $89.9M, up from $57.4M a year ago.
- Diluted EPS was $0.29 versus $0.18 in Q3 FY2025.
- Gross margin was 82.9% and operating margin 29.1%.
- Balance sheet shows $62.1M assets held for sale and $17.1M liabilities held for sale.
Extended-hours last trade $45.34, up 0.89% vs the $44.94 regular close, suggesting a mildly positive reception to the earnings beat.
Bentley delivered accelerating profitability with net income up 57% YoY on double-digit subscription revenue growth.
Bentley's 12% subscription-led growth and 82.9% gross margin reflect continued strength in infrastructure-software recurring revenue, consistent with peer software-as-a-service dynamics.
Interest expense net rose to $9.9M in Q3 from $2.7M a year earlier, reflecting higher debt costs. Foreign currency translation losses of $12.2M over nine months pressured other comprehensive income.