BENTLEY SYSTEMS INC · Software

BSY

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The short version

A high-quality, profitable business with growing sales.

Going well

Sales up 13% in the latest quarter vs a year ago
Profitable every year for 8 years
Sales up 11% last year

Money moves

Insiders sold $6.2M in the last 30 days, all through pre-planned sales
Institutions added 3.9% to their holdings in the quarter ending June 2026 (184 bought, 262 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$39.85+0.3% that day

Company value: $12.7B; Share price times all shares
Price vs profit (P/E): 43.8x; You pay about $44 for each $1 of yearly profit
Price vs sales: 7.9x; Company value is 7.9 times a year of sales
Dividend yield: 0.7%; Yearly dividend as a share of today's price
Cash vs value: 1%; Cash as a share of company value
Debt vs value: 10%; Debt as a share of company value

From BSY's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$410.7M+13% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.6B, up 13% from the 12 months before. Over 5 years, sales grew about 13% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of BSY. Starting points are the company's recent numbers.

Sales growth+13% a yearRecently: +13% a yearProfit margin18%Last 12 months: 18.1%P/E at the end40xToday: 43.8x. Many steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$3.0B

Profit in 5 years$531M

Price these guesses point to$66.63+67% vs $39.85 todayAbout +11% a year, before dividends

What today's price needs: with a 18% margin and a 40x P/E, sales would have to grow about 2.0% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

6/7Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.24.9%
MissDebt under half of equityNot relying on borrowed money.1.05x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.18.5%
PassProfitable every yearSteady profits, not one good year.8 of 8 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$520.2M
PassShare count not growingNot diluting owners. Falling means buybacks.+0.4% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.81.5%

Revenue: $1.5B; +11.0% vs prior year
5-year growth: +13.4%/yr; revenue, per year
Total debt: $1.2B; 1.05x equity
Current ratio: 0.56x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 6

Revenue: $410.7M; +12.8% YoY
EPS: $0.25; vs $0.22
Op. margin: 21.6%; -1.6 pts
Gross margin: 82.0%; +0.9 pts
Free cash flow: $63.8M
Share count: -4.2%; vs a year ago

Insider rating

Last 90 days

43Mixed

Pre-planned sales of $6.2M (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

53/ 100

This week: 2
Normal week: 1.8
vs normal: 1.1x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+3.9%

Institutions added 3.9% to their holdings. 184 bought, 262 sold. 6 quarters of net buying in a row.

Shares held by institutions156.5M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-1.4%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

1.0x · $1.2B debt

Shares outstandingLatest reported

319M

Earnings reports

Last 12

Next reportIn 7 days (est.)Estimated from the same quarter last year

Results filedAug 6
Results filedMay 7
Results filedFeb 26
Results filedNov 5, 2025
Results filedAug 6, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$6.2M1 insider, 1 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Raymond B. BentleyDirector	Sell	156K	$40.05	$6.2M	15M	Oct 26Filing ↗
-1.1% of their holdings $40.00 to $40.05 across 2 trades Traded Oct 23 to Oct 26 Pre-planned sale (10b5-1) Also 10% owner Filed 1 day after