Quarterly ResultMay 7, 2026, 07:08 AM
Bentley Systems Q1 Revenue Up 14.5% to $424.2M; Adj. EPS $0.38
AI Summary
Bentley Systems reported a strong start to 2026 with total revenues increasing 14.5% to $424.2 million and adjusted diluted EPS rising to $0.38. The company saw robust growth in subscriptions revenue and annualized recurring revenues, while also amending its credit facility to provide a new $550 million term loan, enhancing financial flexibility. Operating income margin and cash flows from operating activities saw slight decreases compared to the prior year.
Key Highlights
- Total revenues increased 14.5% to $424.2 million year-over-year.
- Subscriptions revenues grew 14.7% to $392.5 million.
- Annualized Recurring Revenues (ARR) reached $1,494.5 million as of March 31, 2026.
- Adjusted diluted EPS was $0.38, up from $0.35 in Q1 2025.
- Cash flows from operating activities were $193.4 million.
- Free cash flow was $187.9 million.
- Amended credit facility with a new $550 million term loan, increasing capacity to $1.85 billion.
- Repaid 2026 convertible notes at maturity.