BENTLEY SYSTEMS INC

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 26, 2026

BSY$45.40+1.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Equity F-

Consolidated Statements of Equity

(in thousands, except share data)

Total
Accumulated · Bentley
Class A and Class B · Additional · Other · Systems · Non-
Common Stock · Paid-In · Comprehensive · Accumulated · Stockholders' · Controlling · Total
	Shares	Par Value	Capital	Loss	Deficit	Equity	Interest	Equity
Balance, December 31, 2022	289,014,487	$2,890	$1,030,466	$(89,740)	$(370,866)	$572,750	$704	$573,454
Net income	—	—	—	—	326,787	326,787	—	326,787
Other comprehensive income	—	—	—	4,753	—	4,753	—	4,753
Dividends declared	—	—	—	—	(58,756)	(58,756)	—	(58,756)
Shares issued in connection with DCP, net	3,410,006	34	(34)	—	(38,456)	(38,456)	—	(38,456)
DCP elective participant deferrals	—	—	1,765	—	—	1,765	—	1,765
Shares issued in connection with Bonus Plan, net	247,867	3	16,788	—	(5,756)	11,035	—	11,035
Shares issued in connection with employee stock purchase plan, net	315,840	3	9,985	—	(845)	9,143	—	9,143
Stock option exercises, net	2,621,959	26	11,689	—	(6,581)	5,134	—	5,134
Shares issued for stock grants, net	12,639	—	600	—	—	600	—	600
Stock-based compensation expense	—	—	55,982	—	—	55,982	—	55,982
Shares related to restricted stock, net	643,039	7	(7)	—	(7,299)	(7,299)	—	(7,299)
Other	—	—	—	—	(160)	(160)	—	(160)
Balance, December 31, 2023	296,265,837	2,963	1,127,234	(84,987)	(161,932)	883,278	704	883,982
Net income (loss)	—	—	—	—	234,787	234,787	(354)	234,433
Other comprehensive loss	—	—	—	(19,091)	—	(19,091)	(42)	(19,133)
Dividends declared	—	—	—	—	(72,115)	(72,115)	—	(72,115)
Shares issued in connection with DCP	4,707,845	47	(47)	—	—	—	—	—
DCP elective participant deferrals	—	—	188	—	—	188	—	188
Shares issued in connection with Bonus Plan	282,340	3	14,473	—	—	14,476	—	14,476
Shares issued in connection with employee stock purchase plan, net	253,578	2	11,226	—	(348)	10,880	—	10,880
Stock option exercises, net	844,283	8	3,999	—	(2,195)	1,812	—	1,812
Shares issued for stock grants, net	11,391	—	600	—	—	600	—	600
Stock-based compensation expense	—	—	60,322	—	—	60,322	—	60,322
Shares related to restricted stock, net	904,789	9	(9)	—	(9,966)	(9,966)	—	(9,966)
Repurchases of Class B common stock under approved program	(1,292,733)	(12)	—	—	(64,347)	(64,359)	—	(64,359)
Other	—	—	—	—	175	175	(175)	—
Balance, December 31, 2024	301,977,330	3,020	1,217,986	(104,078)	(75,941)	1,040,987	133	1,041,120
Net income (loss)	—	—	—	—	277,861	277,861	(67)	277,794
Other comprehensive income	—	—	—	29,520	—	29,520	13	29,533
Dividends declared	—	—	—	—	(84,963)	(84,963)	—	(84,963)
Shares issued in connection with DCP, net	1,657,737	17	(17)	—	(14,396)	(14,396)	—	(14,396)
Shares issued in connection with Bonus Plan, net	83,791	1	6,485	—	(2,371)	4,115	—	4,115
Shares issued in connection with employee stock purchase plan, net	280,767	3	11,531	—	(539)	10,995	—	10,995
Shares issued for stock grants, net	12,591	—	600	—	—	600	—	600
Stock-based compensation expense	—	—	64,632	—	—	64,632	—	64,632
Shares related to restricted stock, net	1,230,105	12	(12)	—	(14,881)	(14,881)	—	(14,881)
Repurchases of Class B common stock under approved program	(2,887,224)	(29)	—	—	(125,028)	(125,057)	—	(125,057)
Balance, December 31, 2025	302,355,097	$3,024	$1,301,205	$(74,558)	$(40,258)	$1,189,413	$79	$1,189,492

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