Bentley Systems reported strong growth in ARR and SMB performance, successful integration of Cesium, and increased free cash flow guidance. However, challenges remain with declining professional services revenue, impacts from China, and softness in the ANZ region.

Company Guidance

During Bentley Systems' Q2 2025 earnings call, the company provided robust guidance, emphasizing consistent performance and strategic growth initiatives. The company reported a 10% increase in total revenues to $364 million, with subscription revenues comprising 92% of the total. Bentley's ARR grew by 11.5% year-over-year, excluding China, and the net revenue retention rate was 109%. The company's focus on infrastructure investment and digital transformation was highlighted as key growth drivers, particularly in the SMB segment, which saw significant new logo additions. Bentley raised its free cash flow outlook to a range of $430 million to $470 million, reflecting favorable tax benefits and strong operating performance. The company's commitment to AI, asset analytics, and strategic acquisitions were underscored as pivotal to sustaining long-term growth.

Strong ARR Growth

ARR grew 11.5% year-over-year and 12% excluding the impact of China, with a net revenue retention rate of 109%.

Record SMB Performance

For the 14th consecutive quarter, Bentley added more than 600 new SMB logos, indicating strong growth in the SMB segment.

Cesium Developer Conference Success

The first Cesium Developer Conference attracted over 400 attendees, showcasing Cesium's integration with Bentley's iTwin capabilities.

Increased Free Cash Flow Guidance

Free cash flow guidance was increased to a range of $430 million to $470 million, up from $415 million to $455 million, due to tax benefits from new legislation.

Strong Regional Performance

Growth in the Americas, particularly Latin America, and solid performance in EMEA with strong investment in infrastructure projects.

Bentley Systems (BSY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BSY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.27 / -	0.13	―	―	―
Aug 06, 2025	2025 (Q2)	0.28 / 0.32	0.31	3.23% (+0.01)
May 07, 2025	2025 (Q1)	0.30 / 0.35	0.31	12.90% (+0.04)
Feb 26, 2025	2024 (Q4)	0.22 / 0.21	0.2	5.00% (<+0.01)
Nov 07, 2024	2024 (Q3)	0.24 / 0.13	0.22	-40.91% (-0.09)
Aug 06, 2024	2024 (Q2)	0.23 / 0.31	0.24	29.17% (+0.07)
May 07, 2024	2024 (Q1)	0.26 / 0.31	0.25	24.00% (+0.06)
Feb 27, 2024	2023 (Q4)	0.18 / 0.20	0.19	5.26% (+0.01)
Nov 07, 2023	2023 (Q3)	0.19 / 0.22	0.19	15.79% (+0.03)
Aug 08, 2023	2023 (Q2)	0.19 / 0.24	0.22	9.09% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BSY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$57.05	$55.22	-3.21%
May 07, 2025	$43.70	$46.17	+5.65%
Feb 26, 2025	$45.54	$44.48	-2.33%
Nov 07, 2024	$49.72	$50.87	+2.31%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Bentley Systems (BSY) report earnings?

Bentley Systems (BSY) is schdueled to report earning on Nov 11, 2025, Before Open (Confirmed).

What is Bentley Systems (BSY) earnings time?

Bentley Systems (BSY) earnings time is at Nov 11, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BSY EPS forecast?

BSY EPS forecast for the fiscal quarter 2025 (Q3) is 0.27.

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