Loading...
•
Dec 31, 2025
Bentley Systems Q4 2025 Earnings Report
Bentley Systems reported double-digit revenue growth in the fourth quarter with margin expansion and strong ARR growth.
Key Takeaways
For Q4 2025, Bentley Systems generated total revenues of 391582000, up 11.9% year-over-year, with net income attributable to Bentley Systems of 58638000 and diluted EPS of 0.18. ARR reached 1462100000, growing 11.5% in constant currency, while operating margin expanded to 20.0%.
Total revenues increased 11.9% year-over-year to 391582000.
ARR grew to 1462100000 with 11.5% constant currency growth.
Operating income margin improved to 20.0% from 17.6% last year.
Adjusted operating income less SBC margin expanded to 24.1%.
Revenue by Segment
Forward Guidance
For full year 2026, Bentley expects total revenues between 1685000000 and 1715000000 with constant currency ARR growth of 10.5% to 12.5% and free cash flow between 500000000 and 570000000.
Positive Outlook
- Total revenue guidance range of 1685000000 to 1715000000.
- Constant currency ARR growth expected between 10.5% and 12.5%.
- AOI less Operating SBC guidance of 495000000 to 510000000.
- Free cash flow guidance between 500000000 and 570000000.
- Subscription revenue growth expected between 11% and 13% in constant currency.
Challenges Ahead
- Perpetual license revenue expected to be approximately flat in constant currency.
- Effective tax rate expected to be approximately 21%.
- Exposure to foreign currency fluctuations impacting reported revenue.
- Potential integration risks from recent acquisitions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...