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Bentley Systems vs UiPath: BSY and PATH compared
Bentley Systems is the larger company: $422M of revenue in its latest quarter (Q3 2026) against $410M for UiPath (Q2 FY27). UiPath is growing faster (+13% against +12% a year earlier). Bentley Systems is more profitable, with an operating margin of 29.1% against 7.7%.
Where the money goes: BSY and PATH
Bentley Systems (BSY) · Q3 2026
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.
UiPath (PATH) · Q2 FY27
UiPath, Q2 FY27: revenue $410M (+13% year over year), operating margin 7.7%, net earnings $36.1M, operating cash flow $30.7M. The chart follows the revenue to costs, profit and cash.
| Bentley Systems (BSY) | UiPath (PATH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $422M | $410M |
| Revenue growth, Y/Y | +12% | +13% |
| Gross margin | 82.9% | 80.4% |
| Operating margin | 29.1% | 7.7% |
| Net earnings | $90.0M | $36.1M |
| Net margin | 21.4% | 8.8% |
| Operating cash flow | $109M | $30.7M |
| Free cash flow | $101M | $29.3M |
| Market value | $14.2B | $6.8B |
| P/E | 44.0× | 18.8× |
| Analysts’ mean target | $44.67 | $15.40 |
Where the revenue comes from
Bentley Systems
- Subscriptions and licenses: $399M (95%)
- Services: $22.1M (5%)
UiPath
- Subscription services: $266M (65%)
- Licenses: $124M (30%)
- Professional services and other: $20.3M (5%)
Questions
Which is bigger, Bentley Systems or UiPath?
Bentley Systems is the larger company: $422M of revenue in its latest quarter (Q3 2026) against $410M for UiPath (Q2 FY27).
Is Bentley Systems or UiPath growing faster?
UiPath is growing faster (+13% against +12% a year earlier).
Which is more profitable, Bentley Systems or UiPath?
Bentley Systems is more profitable, with an operating margin of 29.1% against 7.7%.
More: Bentley Systems earnings · how Bentley Systems makes money · UiPath earnings · how UiPath makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Sep 8, 2026). Fiscal quarters can end on different dates. Not investment advice.