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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 165,411 $ 64,009
Accounts receivable 293,942 322,862
Allowance for doubtful accounts (7,776) (8,395)
Prepaid income taxes 17,337 13,066
Prepaid and other current assets 57,916 50,531
Total current assets 526,830 442,073
Property and equipment, net 35,176 33,798
Operating lease right-of-use assets 31,099 32,303
Intangible assets, net 181,022 213,959
Goodwill 2,410,308 2,367,179
Investments 27,690 25,764
Deferred income taxes 176,376 198,286
Other assets 75,947 86,445
Total assets 3,464,448 3,399,807
Current liabilities:    
Accounts payable 17,841 16,479
Accruals and other current liabilities 158,299 169,522
Cloud Services Subscription deposits 427,750 366,895
Deferred revenues 234,824 245,729
Operating lease liabilities 11,797 11,656
Income taxes payable 9,944 4,053
Current portion of long-term debt 0 0
Total current liabilities 860,455 814,334
Long-term debt 1,247,378 1,388,088
Deferred compensation plan liabilities 104,857 96,684
Long-term operating lease liabilities 24,072 26,894
Deferred revenues 17,904 16,641
Deferred income taxes 9,350 8,612
Income taxes payable 0 3,615
Other liabilities 5,082 3,819
Total liabilities 2,269,098 2,358,687
Commitments and contingencies (Note 18)
Equity:    
Preferred stock, $0.01 par value, authorized 100,000,000 shares; none issued or outstanding as of September 30, 2025 and December 31, 2024 0 0
Additional paid-in capital 1,283,584 1,217,986
Accumulated other comprehensive loss (77,445) (104,078)
Accumulated deficit (13,870) (75,941)
Total Bentley Systems stockholders’ equity 1,195,303 1,040,987
Noncontrolling interest 47 133
Total equity 1,195,350 1,041,120
Total liabilities and equity 3,464,448 3,399,807
Class A Common Stock    
Equity:    
Common stock 115 115
Class B Common Stock    
Equity:    
Common stock $ 2,919 $ 2,905