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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenues $ 375,549 $ 335,173 $ 1,110,197 $ 1,003,273
Cost of revenues:        
Total cost of revenues 72,195 64,832 206,630 189,855
Gross profit 303,354 270,341 903,567 813,418
Operating expenses:        
Research and development 78,751 70,068 226,586 204,148
Selling and marketing 72,107 64,940 205,039 176,455
General and administrative 53,818 51,359 150,903 152,695
Deferred compensation plan 6,033 6,983 12,371 13,665
Amortization of purchased intangibles 8,148 8,361 24,557 25,717
Total operating expenses 218,857 201,711 619,456 572,680
Income from operations 84,497 68,630 284,111 240,738
Interest expense, net (2,727) (4,669) (10,054) (16,289)
Other income (expense), net 1,937 (5,087) 790 4,330
Income before income taxes 83,707 58,874 274,847 228,779
Provision for income taxes (26,256) (16,522) (55,620) (44,099)
Equity in net (losses) income of investees, net of tax (162) (14) (100) 14
Net income 57,289 42,338 219,127 184,694
Less: Net income (loss) attributable to noncontrolling interest (84) 0 (96) 0
Net income attributable to Bentley Systems $ 57,373 $ 42,338 $ 219,223 $ 184,694
Net income per share attributable to Bentley Systems stockholders:        
Basic (USD per share) $ 0.18 $ 0.13 $ 0.70 $ 0.59
Diluted (USD per share) $ 0.18 $ 0.13 $ 0.67 $ 0.57
Weighted average shares:        
Basic (in shares) 314,626,191 315,207,216 314,826,779 314,820,679
Diluted (in shares) 333,277,478 333,789,636 333,214,695 333,724,425
Subscriptions and licenses        
Revenues:        
Total revenues $ 355,206 $ 314,513 $ 1,051,961 $ 939,421
Cost of revenues:        
Total cost of revenues 53,824 44,220 148,080 126,870
Subscriptions        
Revenues:        
Total revenues 344,293 303,239 1,020,063 907,772
Perpetual licenses        
Revenues:        
Total revenues 10,913 11,274 31,898 31,649
Services        
Revenues:        
Total revenues 20,343 20,660 58,236 63,852
Cost of revenues:        
Total cost of revenues $ 18,371 $ 20,612 $ 58,550 $ 62,985