Quarterly ResultAug 6, 2026, 04:26 PM
Bentley Systems H1 Revenue +13.6% to $834.9M; EPS $0.55
AI Summary
Bentley Systems reported strong financial results for the first half of 2026, with total revenues increasing by 13.6% to $834.9 million and diluted EPS rising 10% to $0.55. Net income attributable to Bentley Systems grew 7.5% to $174.0 million. The company also undertook significant debt restructuring, including a new $550 million term loan and repayment of $677.8 million in convertible senior notes, alongside a substantial increase in Class B common stock repurchases.
Key Highlights
- Total revenues increased 13.6% to $834.9 million for the six months ended June 30, 2026.
- Net income attributable to Bentley Systems rose 7.5% to $174.0 million for H1 2026.
- Diluted earnings per share (EPS) grew 10.0% to $0.55 for the first half of 2026.
- Repurchased $125.1 million of Class B common stock in H1 2026, a 150% increase year-over-year.
- Issued a new $550.0 million term loan and repaid $677.8 million in convertible senior notes.
- Cash and cash equivalents stood at $147.0 million as of June 30, 2026.
- Recognized $14.0 million in remeasurement gains from investments in H1 2026.
- Net cash provided by operating activities decreased 5.6% to $264.9 million for H1 2026.
Price Impact
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