EXTON, PA, Aug 11, 2025 – Bentley Systems has announced results for the quarter ended June 30, 2025.
Second Quarter Financial Highlights
- Total revenues were $364.1 million, up 10.2% or 9.2% on a constant currency basis, year-over-year.
- Subscriptions revenues were $333.5 million, up 12.1% or 11.2% on a constant currency basis, year-over-year.
- Annualized Recurring Revenues (ARR) were $1,379.2 million as of June 30, 2025, compared to $1,215.9 million as of June 30, 2024, representing a constant currency ARR growth rate of 11.5%.
- Operating income margin was 23.2%, compared to 24.3% for the same period last year.
- Adjusted operating income less stock-based compensation expense (“AOI less SBC”) margin was 28.9%, compared to 28.8% for the same period last year.
- Cash flows from operations were $61.1 million, compared to $62.6 million for the same period last year; and
- Free cash flow was $57.0 million, compared to $59.5 million for the same period last year
Executive chair Greg Bentley said, “BSY’s continued excellent operational and financial results through 25Q2 track consistently toward our outlook range for 2025. As throughout our soon fully five years as a public company, sustaining long-term drivers for going digital prevail foreseeably for our accounts and prospects. Pervasive infrastructure engineering resource constraints motivate step functions in productivity and value generation for each BSY user, as we help them to keep up with the world’s accelerating demands for infrastructure performance and resilience.”
A detailed chart outlining the financial results is available here, providing a comprehensive breakdown of key metrics and performance indicators for better insight into the company’s financial standing.
Source: Bentley Systems
About Bentley Systems
Bentley Systems, founded in 1984, develops software for infrastructure engineering with a focus on supporting the design, construction, and operation of critical assets across transportation, water, energy, urban, and utility sectors. Its solutions are used globally by engineers, architects, constructors, and asset owners across various disciplines and project phases. The company provides integrated tools for modeling, simulation, project delivery, and asset performance management. A key area of focus is enabling digital twins to improve data integration and decision-making throughout the infrastructure lifecycle. Bentley’s software supports workflows across multiple engineering domains, helping users manage complexity and improve the reliability and resilience of infrastructure systems. Headquartered in Exton, PA, Bentley Systems operates in 40 countries with a workforce of around 5,500 employees. It serves approximately 41,000 customers in 190 countries. For the fiscal year ending December 31, 2024, the company reported revenues of about $1.4 billion, reflecting its continued role in advancing infrastructure technologies on a global scale.