Every material Form 8-K Bentley Systems has filed with the SEC since May 07, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Bentley Systems announced its third-quarter 2026 financial results, reporting total revenues of $421.5 million, up 12.2% year-over-year. The company also raised its constant currency ARR growth range to 12.5% to 13.5% and completed the acquisition of Eliis along with the divestiture of Cohesive.
Total revenues for Q3 2026 reached $421.5 million, representing a 12.2% increase year-over-year.
Diluted net income per share was $0.29 for Q3 2026, compared to $0.18 in the prior-year period.
Annualized Recurring Revenues reached $1,582.8 million as of September 30, 2026.
Constant currency ARR growth range was raised to 12.5% to 13.5%.
Bentley Systems reported second-quarter 2026 revenue of $410.7 million, up 12.8% from a year earlier, and GAAP diluted earnings of $0.25 per share, up from $0.22. Operating income margin fell to 21.6% from 23.2%, but free cash flow rose to $63.8 million from $57.0 million, and annualized recurring revenues reached $1,536.0 million.
Total revenues were $410.7 million, up 12.8% (12.2% in constant currency) from $364.1 million.
Net income per diluted share was $0.25 versus $0.22; adjusted EPS was $0.35 versus $0.32.
Operating income margin was 21.6% versus 23.2%; free cash flow was $63.8 million versus $57.0 million.
ARR was $1,536.0 million as of June 30, 2026, up from $1,379.2 million a year earlier, with constant currency ARR growth of 12%.
Bentley Systems reported first-quarter 2026 revenue of $424.2 million, up 14.5% from a year earlier, and diluted EPS of $0.30 versus $0.28. Adjusted EPS rose to $0.38 from $0.35, but operating margin fell to 29.8% from 31.1% and free cash flow declined to $187.9 million from $216.4 million. The filing does not mention a change to full-year guidance.
Total revenues were $424.2 million, up 14.5% (11.9% in constant currency) year over year.
Net income per diluted share was $0.30, compared with $0.28; Adjusted EPS was $0.38, compared with $0.35.
Operating income margin was 29.8%, compared with 31.1%, and free cash flow was $187.9 million, compared with $216.4 million.
On April 23, 2026, the credit facility was amended to add a $550 million term loan maturing October 18, 2029, raising total borrowing capacity to $1.85 billion.
Bentley Systems entered a First Amendment to its existing credit agreement with PNC Bank, National Association, as administrative agent, providing for a new $550 million senior secured term loan. The loan matures October 18, 2029, can be repaid early without prepayment premiums, and carries quarterly amortization of 1.25% of principal starting June 30, 2027, which adds new debt obligations for shareholders to weigh.
New $550 million senior secured term loan under an amendment dated April 23, 2026
Term loan matures October 18, 2029, with a springing maturity 91 days before the company's convertible debt matures unless liquidity requirements are met
Quarterly amortization of 1.25% of initial principal begins June 30, 2027; no prepayment premiums apply
Bentley Systems reported fourth-quarter and full-year 2025 results that showed higher revenue and per-share earnings than a year earlier, and issued 2026 guidance calling for total revenues of $1,685 million to $1,715 million. The company also declared a $0.07 per share quarterly dividend, which shareholders of record on March 10, 2026 will receive on March 19, 2026.
Q4 2025 total revenues were $391.6 million, up 11.9% year over year; diluted EPS was $0.18 versus $0.16, and adjusted EPS was $0.27 versus $0.21.
Full-year 2025 total revenues were $1,501.8 million, up 11.0%; diluted EPS was $0.85 versus $0.72 in 2024.
2026 outlook: total revenues of $1,685 million to $1,715 million and free cash flow of $500 million to $570 million.
Board declared a $0.07 per share dividend, payable March 19, 2026 to holders of record as of March 10, 2026.
Bentley Systems reported third-quarter 2025 results for the quarter ended September 30, 2025, with total revenues of $375.5 million, up 12.0% year over year. GAAP diluted earnings per share rose to $0.18 from $0.13, and adjusted EPS rose to $0.27 from $0.24. The CFO said the results were in line with the company's expectations and position it well for its full-year outlook, which the filing does not change.
Total revenues $375.5 million, up 12.0% (10.6% in constant currency) from $335.2 million a year earlier
GAAP diluted EPS $0.18 vs $0.13; adjusted EPS $0.27 vs $0.24; operating margin 22.5% vs 20.5%
Annualized recurring revenues $1,405.2 million at September 30, 2025, up 10.5% in constant currency
Free cash flow $110.7 million vs $84.3 million; nine-month revenues $1,110.2 million, up 10.7%
Bentley Systems reported second-quarter 2025 results, with total revenues up 10.2% year over year to $364.1 million and adjusted EPS of $0.32 versus $0.31 a year earlier. GAAP diluted EPS was $0.22, flat with the prior year, and operating income margin fell to 23.2% from 24.3%. The company said results were in line with its expectations and on track for its 2025 outlook.
Total revenues were $364.1 million, up 10.2% (9.2% in constant currency) from $330.3 million a year earlier.
Annualized recurring revenues were $1,379.2 million at June 30, 2025, up 11.5% in constant currency.
GAAP diluted EPS was $0.22, unchanged from the prior year; adjusted EPS was $0.32 versus $0.31.
Free cash flow was $57.0 million for the quarter, compared with $59.5 million a year earlier.
Bentley Systems reported first-quarter 2025 results for the three months ended March 31, 2025. Total revenues rose 9.7% to $370.5 million, and net income per diluted share was $0.28, up from $0.22 a year earlier. Management said the quarter was consistent with its expectations and that it continues to work toward its financial outlook for the year, but the filing does not include a changed outlook figure.
Total revenues were $370.5 million, up 9.7% (10.9% in constant currency) from $337.8 million a year earlier.
Net income per diluted share was $0.28 versus $0.22; adjusted EPS was $0.35 versus $0.31.
Annualized recurring revenues were $1,319.3 million at March 31, 2025, up from $1,186.5 million; free cash flow was $216.4 million versus $201.4 million.
Bentley Systems reported fourth-quarter 2024 revenue of $349.8 million, up 12.6%, and full-year revenue of $1,353.1 million, up 10.1%. GAAP diluted earnings per share fell to $0.16 from $0.54 a year earlier, while adjusted EPS rose to $0.21 from $0.20, and the company set a 2025 revenue outlook of $1,461 million to $1,490 million and raised its quarterly dividend by one cent.
Q4 2024 total revenues were $349.8 million, up 12.6% year over year; net income per diluted share was $0.16 versus $0.54.
Q4 adjusted EPS was $0.21 versus $0.20; the prior-year GAAP figure included a $170.8 million tax benefit related to internal restructuring.
2025 outlook: total revenues of $1,461 million to $1,490 million and free cash flows of $415 million to $455 million.
Quarterly cash dividend raised by one cent to $0.07 per share, payable March 27, 2025, to holders of record as of March 19, 2025.
Bentley Systems appointed James Lee as Chief Operating Officer effective January 13, 2025, after he spent time at Google Cloud and SAP. The company also eliminated the Chief Product Officer position, and Michael M. Campbell will leave on January 21, 2025 under a separation agreement that includes a $1.5 million cash severance payment.
James Lee appointed COO effective January 13, 2025, with a base salary of $400,000 (prorated for 2025) and an initial OTI target of $400,000 (prorated)
Lee to receive a one-time RSU grant with an aggregate value of $7.5 million, plus 2025 annual RSU awards of $488,889 time-based and $488,889 performance-based
Chief Product Officer role eliminated; product development consolidated under CTO Julien Moutte
Michael M. Campbell leaves January 21, 2025 and will receive a $1.5 million cash severance payment
Bentley Systems reported third-quarter 2024 revenue of $335.2 million, up 9.3% year over year, while GAAP diluted earnings per share fell to $0.13 from $0.16. The CFO said 2024 total revenue is expected at the lower end of the annual outlook range, though the company expects an increased cash flow outlook for the year.
Q3 2024 total revenues were $335.2 million, up 9.3% (9.1% in constant currency) from a year earlier.
Q3 GAAP diluted EPS was $0.13 versus $0.16; adjusted EPS was $0.24 versus $0.22.
CFO Werner Andre said 2024 total revenue growth is expected at the lower end of the annual outlook range, citing declines in Cohesive professional services for Maximo.
On October 18, 2024, the company entered into a five-year $1.3 billion revolving credit facility with a $500 million accordion feature.
Bentley Systems entered a Second Amended and Restated Credit Agreement with PNC Bank, National Association, as administrative agent, on October 18, 2024. The facility provides a $1.3 billion revolving credit line, with an option to increase it by up to $500 million, and it matures on October 18, 2029. The agreement is secured by substantially all of the company's assets and includes quarterly leverage and interest coverage requirements.
Revolving facility of $1.3 billion, including $125 million in swingline loans and $125 million in letters of credit
Maturity date of October 18, 2029, with a springing maturity 91 days before the company's convertible debt matures unless liquidity requirements are met
Quarterly covenants require a Net Senior Secured Leverage Ratio no higher than 3.00 to 1.00 and a Minimum Interest Coverage Ratio of at least 3.00 to 1.00
Commitment fee on unused amounts ranges from 0.2% to 0.3% per year, based on the Net Leverage Ratio
Bentley Systems expanded its board from seven to eight seats and appointed Chief Executive Officer Nicholas H. Cumins as a director, effective September 5, 2024. The company also declared a $0.06 per share cash dividend for the third quarter of 2024, which shareholders of record on September 17, 2024 will receive on September 26, 2024.
Board increased from seven to eight seats on September 5, 2024, and CEO Nicholas H. Cumins was appointed a director.
Cumins will not receive additional compensation for his board service and his term runs to the 2025 Annual Meeting of Stockholders.
Third quarter 2024 dividend of $0.06 per share, payable September 26, 2024 to holders of record on September 17, 2024.
Bentley Systems reported second-quarter 2024 results, with total revenue of $330.3 million, up 11.3% from a year earlier, and net income of $72.0 million, or $0.22 per diluted share, compared with $0.15 a year earlier. The company also said Greg Bentley moved from chief executive to executive chair and Nicholas Cumins became chief executive, effective July 1, 2024.
Q2 2024 total revenues $330.3 million, up 11.3% year over year; subscriptions revenues $297.4 million, up 14.7%
Net income per diluted share $0.22 vs $0.15; Adjusted EPS $0.31 vs $0.24
Annualized recurring revenues $1,215.9 million at June 30, 2024, up from $1,105.9 million; constant currency ARR growth 11%
Effective July 1, 2024, Nicholas Cumins became chief executive officer, succeeding Greg Bentley, who became executive chair
Bentley Systems' Sustainability Committee approved a grant of 50,161 time-based restricted stock units on Class B common stock to Chief Financial Officer Werner Andre on June 26, 2024, under its 2020 Omnibus Incentive Plan. The units vest 20% per year on December 15 from 2025 through 2029, provided Andre remains employed on those dates. The filing describes a routine compensation award and does not report any change in the CFO role.
Grant of 50,161 time-based RSUs on Class B common stock to CFO Werner Andre
Grant date June 26, 2024, approved by the Sustainability Committee
Units vest 20% on each of December 15, 2025, 2026, 2027, 2028 and 2029, subject to continued employment
Bentley Systems reported first-quarter 2024 revenue of $337.8 million, up 7.4% from a year earlier, with net income rising to $70.3 million from $45.5 million. The CFO said the strong start puts the company in a good position to achieve its full-year outlook, and the filing reiterates that COO Nicholas Cumins will succeed Greg Bentley as CEO on July 1.
Diluted EPS was $0.22 versus $0.14 a year earlier; adjusted EPS was $0.31 versus $0.25.
Operating income margin was 27.2% versus 20.9%, and cash flow from operations was $205.0 million versus $176.2 million.
Annualized recurring revenues reached $1,186.5 million, up 11% on a constant currency basis.
Last twelve-month dollar-based net retention rate was 108%, down from 110% a year earlier.
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