Quarterly ResultMay 7, 2026, 04:20 PM
Bentley Systems Q1 Revenue $424.18M, Net Income $95.39M; Repays Debt
AI Summary
Bentley Systems reported a strong first quarter for 2026, with total revenues increasing to $424.18 million and net income attributable to Bentley Systems rising to $95.39 million. Basic earnings per share also grew to $0.31. The company repaid its $677.83 million convertible senior notes due January 2026 using borrowings from its Credit Facility and available cash, and subsequently entered into a new $550 million senior secured term loan.
Key Highlights
- Total revenues increased 14.5% to $424.18 million for Q1 2026.
- Net income attributable to Bentley Systems rose 4.4% to $95.39 million.
- Basic EPS was $0.31, up from $0.29 in the prior year quarter.
- Subscription revenues grew 14.7% to $392.48 million.
- Repaid $677.83 million of 2026 Convertible Senior Notes upon maturity.
- Entered into a new $550 million senior secured term loan facility.
- Net cash provided by operating activities was $193.41 million.
- Repurchased $40.02 million of Class B common stock.
Price Impact
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