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Bentley Systems (BSY) guidance and outlook
Bentley Systems' 10-Q filed Nov 5, 2026 makes 8 forward-looking statements.
Guidance and outlook
Forward-looking statements, 10-Q filed Nov 5, 2026
- Our results of operations have been, and in the future will be, affected by changes in foreign currency exchange rates.
- Because our prior period results include Cohesive and our results following October 13, 2026 will not, we expect year‑over‑year services revenues and cost of services expenses to decline through 2027, with a favorable impact on gross margin.
- We expect the higher software subscription costs and reduced capitalization associated with the platforms to continue to affect general and administrative expenses.
- We believe that we will continue to experience favorable growth in recurring revenues primarily due to our strong account retention and recurring revenues dollar‑based net retention rates, as well as the addition of new accounts with recurring revenues.
- Related to our platform acquisitions, recurring revenues into new accounts will be captured as existing accounts starting with the second anniversary of the acquisition when such data conforms to the calculation methodology.
- The timing, as well as the number and value of shares and/or outstanding convertible senior notes repurchased under the Repurchase Program, will be determined at our discretion and will depend on a variety of factors, including our assessment of the intrinsic value of our shares, the market price of our Class B common stock and outstanding convertible senior notes, general market and economic conditions,…
- We will continue to evaluate whether share awards will be required to be received by awardees on a gross basis, or if net settlement may be elected by awardees.
- While we intend to continue paying quarterly dividends, any future determination will be subject to the discretion of our Board of Directors and will be dependent on a number of factors, including our results of operations, capital requirements, restrictions under Delaware law, and overall financial condition, as well as any other factors our Board of Directors considers relevant.
Bentley Systems' latest quarter
Bentley Systems, Q3 2026: revenue $422M (+12% year over year), operating margin 29.1%, net earnings $90.0M, operating cash flow $109M. The chart follows the revenue to costs, profit and cash.
Questions
What does Bentley Systems expect?
Our results of operations have been, and in the future will be, affected by changes in foreign currency exchange rates. Because our prior period results include Cohesive and our results following October 13, 2026 will not, we expect year‑over‑year services revenues and cost of services expenses to decline through 2027, with a favorable impact on gross margin. We expect the higher software subscription costs and reduced capitalization associated with the platforms to continue to affect general and administrative expenses.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.