# BENTLEY SYSTEMS, INCORPORATED (BSY) · Edgar & Edgarette company card

> Bentley Systems, Incorporated (BSY) grew revenue 11.0% in FY2025 to $1.5 billion, operating margin 24.1% against a 0.9% median for prepackaged software, equity 33.5% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1031308 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/BSY) · [JSON](https://www.pops4.com/boards/company/BSY.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.5B |
| Revenue growth, 1 year | 11.0% |
| Revenue growth per year | 11.7% |
| Operating margin | 24.1% (prior year 22.3%) |
| Net margin | 18.5% |
| Operating cash flow | $538M |
| Capital spending | $18M |
| Free cash flow | $520M |
| Cash | $123M |
| Long-term debt | $1.2B |
| Total assets | $3.6B |
| Total equity | $1.2B |
| Equity ÷ assets | 33.5% |
| Return on equity | 23.4% |
| Dividend per share | $0.28 |
| Dividend years rising | 3 |

## Readings, computed from those figures

- Altman Z: 0.4 (distress zone)
- Piotroski F: 9 of 9 (strong)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow now · steady, with strong cash arriving today

## Edgarette's reading

Exposure: revenue $1.5B (FY2025), total debt $1.2B. Experience: revenue up 11.0% on the year, up 11.7% a year over 4 years; operating margin 24.1%, up from 22.3%. Soundness: equity 33.5% of assets, return on equity 23.4%, payout 30.6% of profit, dividend per share up 3 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.5B and $1.8B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $1.4B to $1.9B. A statistical range, not company guidance. Against peers (140 filers, $50M+ revenue, services-prepackaged software): operating margin 24.1% against a 0.9% median; growth 11.0% against 13.0%.

Range logged 2026-09-29, receipt 36a74b3669baefca, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-09-11 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1031308/000103130826000026/0001031308-26-000026-index.htm)
- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/1031308/000103130826000023/0001031308-26-000023-index.htm)
- 8-K · filed 2026-08-06 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1031308/000103130826000020/0001031308-26-000020-index.htm)
- 8-K · filed 2026-05-26 · 5.07 Submission of Matters to a Vote of Security Holders; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1031308/000110465926066280/0001104659-26-066280-index.htm)
- 10-Q · filed 2026-05-07 · [filing](https://www.sec.gov/Archives/edgar/data/1031308/000103130826000017/0001031308-26-000017-index.htm)
- 8-K · filed 2026-05-07 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1031308/000103130826000014/0001031308-26-000014-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001031308.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1031308

## Cite

POPS4, Edgar & Edgarette: BENTLEY SYSTEMS, INCORPORATED (BSY) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/BSY. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.