The earnings call highlighted strong ARR growth, a robust SMB segment, geographic expansion, and significant investments in AI and infrastructure. Although challenges in China and asset analytics volatility were noted, the overall performance and strategic positioning were positive.

Company Guidance -

Q3 2025

In the call discussing Bentley Systems' Q2 2025 results, the company provided guidance indicating a strong performance trajectory, with a focus on maintaining low double-digit ARR growth and continued margin expansion. Key metrics highlighted include ARR growth of 11.5% year-over-year, 12% excluding the impact of China, and a net revenue retention rate of 109%. The company also reported robust free cash flow generation, prompting an increase in the 2025 free cash flow outlook to a range of $430 million to $470 million due to recent tax policy changes. Bentley Systems emphasized its strategic focus on digital transformation in infrastructure engineering, with software spending per engineer/technician reportedly growing at a compounded annual growth rate of about 10% over recent years. The company also noted optimism regarding market opportunities, particularly in sectors such as resources and public works, and expressed confidence in achieving its full-year financial targets.

Strong ARR and Revenue Growth

ARR grew 11.5% year-over-year and 12% when excluding China. Total revenues for the second quarter were $364 million, up 10% year-over-year on a reported basis and 9% on a constant currency basis.

Record SMB Segment Performance

For the 14th consecutive quarter, Bentley added more than 600 new SMB logos through the online store with high retention rates, indicating strong demand even from smaller accounts.

Geographic Expansion and Infrastructure Investment

Solid growth in Americas and EMEA regions. Middle East led EMEA growth, and the U.S. showed optimism due to potential permitting reforms. The U.K. and Europe announced significant long-term infrastructure investments.

Positive Impact of AI and Innovation

Bentley is integrating AI into its offerings, with significant interest in agentic AI. OpenSite+ early access shows promising engagement from accounts.

Increased Free Cash Flow Guidance

Free cash flow guidance increased to a range of $430 million to $470 million due to tax benefits from the recently enacted One Big Beautiful Bill.

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

Daily Earnings Calendar >

BSY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.28 / -	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, Class B (BSY) report earnings?

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

What is Bentley Systems, Class B (BSY) earnings time?

Bentley Systems, Class B (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 0.28.

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