Bentley Systems Announces Second Quarter 2025 Results
Bentley Systems Announces Second Quarter 2025 Results Press Release August 6, 2025 EXTON, Pa.- Bentley Systems, Incorporated (Nasdaq: BSY),the infrastructure engineering software company, today announced results for the quarter ended June 30, 2025. Second Quarter 2025 Results 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%; Last twelve-month recurring revenues dollar-based net retention rate was 109%, compared to 108% for the same period last year; 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; Net income per diluted share was $0.22, consistent with the same period last year; Adjusted net income per diluted share (“Adjusted EPS”) was $0.32, compared to $0.31 for the same period last year; Cash flows from operations was $61.1 million, compared to $62.6 million for the same period last year;