Bentley Systems, Incorporated (NASDAQ: BSY) has released its second-quarter 2025 results, showing significant growth in various key metrics. Here's a breakdown of the numbers compared to the same period last year:
- Total revenues were $364.1 million, up 10.2% year-over-year.
- Subscriptions revenues were $333.5 million, up 12.1% year-over-year.
- Annualized Recurring Revenues (ARR) were $1,379.2 million, representing a constant currency ARR growth rate of 11.5%.
- Operating income margin was 23.2%, compared to 24.3% for the same period last year.
- Adjusted operating income less stock-based compensation expense (AOI less SBC) margin was 28.9%, compared to 28.8% for the same period last year.
- Net income per diluted share was $0.22, consistent with the same period last year.
- Adjusted net income per diluted share (adjusted EPS) was $0.32, compared to $0.31 for the same period last year.
For the six months ended June 30, 2025, the results were equally impressive:
- Total revenues were $734.6 million, up 10.0% year-over-year.
- Subscriptions revenues were $675.8 million, up 11.8% year-over-year.
- Operating income margin was 27.2%, compared to 25.8% for the same period last year.
- AOI less SBC margin was 31.5%, compared to 31.1% for the same period last year.
- Net income per diluted share was $0.50, compared to $0.44 for the same period last year.
- Adjusted EPS was $0.67, compared to $0.62 for the same period last year.
These results demonstrate the company's strong financial performance and sustained growth in revenues, subscriptions, and profitability. The company's leadership expressed confidence in their outlook for 2025, emphasizing the role of their software in addressing infrastructure challenges and driving productivity.
Bentley Systems will be hosting a live Zoom video webinar to discuss these results in more detail. The market has reacted to these announcements by moving the company's shares -1.47% to a price of $57.05. If you want to know more, read the company's complete 8-K report here.
