BENTLEY SYSTEMS INC

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.

Bentley Systems reported strong second quarter 2026 financial results, with total revenues increasing 12.8% to $410.7 million and subscriptions revenues growing 13.6% to $378.6 million. Annualized Recurring Revenues (ARR) reached $1,536.0 million, reflecting 12% constant currency growth. The company achieved a net income per diluted share of $0.25 and Adjusted EPS of $0.35, alongside a 15% increase in free cash flow on a last-twelve-months basis. Management highlighted disciplined execution, strength in end markets, and progress in Infrastructure AI, positioning the company favorably within its full-year financial outlook.

Bentley Systems, Incorporated announced a $0.07 per share cash dividend for the second quarter of 2026, payable on June 11, 2026. The company also held its 2026 Annual Meeting of Stockholders, where all director nominees were elected. Additionally, the advisory vote on executive compensation and the ratification of KPMG LLP as the independent auditor for 2026 were approved by stockholders.

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.

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.

Bentley Systems, Incorporated (BSY) has entered into a First Amendment and Incremental Facility Agreement, dated April 23, 2026, to secure up to $550 million in First Incremental Term Loans. This agreement amends the existing Second Amended and Restated Credit Agreement from October 18, 2024. The new facility, with PNC Bank, National Association as the administrative agent, aims to provide additional financing for the company.