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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 64,009 $ 68,412
Accounts receivable 322,862 302,501
Allowance for doubtful accounts (8,395) (8,965)
Prepaid income taxes 13,066 12,812
Prepaid and other current assets 50,531 44,797
Total current assets 442,073 419,557
Property and equipment, net 33,798 40,100
Operating lease right-of-use assets 32,303 38,476
Intangible assets, net 213,959 248,787
Goodwill 2,367,179 2,269,336
Investments 25,764 23,480
Deferred income taxes 198,286 212,831
Other assets 86,445 67,283
Total assets 3,399,807 3,319,850
Current liabilities:    
Accounts payable 16,479 18,094
Accruals and other current liabilities 536,417 457,348
Deferred revenues 245,729 253,785
Operating lease liabilities 11,656 11,645
Income taxes payable 4,053 9,491
Current portion of long-term debt 0 10,000
Total current liabilities 814,334 760,363
Long-term debt 1,388,088 1,518,403
Deferred compensation plan liabilities 96,684 88,181
Long-term operating lease liabilities 26,894 30,626
Deferred revenues 16,641 15,862
Deferred income taxes 8,612 9,718
Income taxes payable 3,615 7,337
Other liabilities 3,819 5,378
Total liabilities 2,358,687 2,435,868
Commitments and contingencies (Note 18)
Equity:    
Preferred stock, $0.01 par value, authorized 100,000,000 shares; none issued or outstanding as of December 31, 2024 and 2023 0 0
Additional paid-in capital 1,217,986 1,127,234
Accumulated other comprehensive loss (104,078) (84,987)
Accumulated deficit (75,941) (161,932)
Total Bentley Systems stockholders’ equity 1,040,987 883,278
Noncontrolling interest 133 704
Total equity 1,041,120 883,982
Total liabilities and equity 3,399,807 3,319,850
Class A Common Stock    
Equity:    
Common stock 115 115
Class B Common Stock    
Equity:    
Common stock $ 2,905 $ 2,848