BSY · Bentley Systems Inc
Market Cap
$11.49B
Shares
302.09M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$37.30
Open$37.48
Day$36.95–38.00
52W close$28.42–56.79
Avg vol 30d2.6M
Short int17.4M · 5.8% float · 6.0d
Short vol32%
Last earningsAug 6, 2026
DataSep 2020–Aug 2026
Filing10-Q · Aug 6
Up next
Next earnings call
Nov 5, 2026
Est · unconfirmed
· in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 6, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Buy
Momentum
Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
High
Market backdrop
VIX 14.4 · calm
Equity put/call 0.62
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+5%
above
Price vs 50-day avg
+11%
above
RSI (14)
61
neutral
MACD trend
Positive
52-week position
31%
mid-range
Momentum
relative strength
1-month return
+5%
trailing
6-month return
−7%
trailing
YTD return
−2%
this year
Relative strength
−21%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $33 › 200d $36 — 200d above 50d
Institutional flow
Distributing
-11% holders QoQ · +60 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
5.77% of float · ▼ -8.7% MoM · 6.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
400 holders — mid 3-yr range
Squeeze score
68
elevated · 0–100
Fundamentals
Revenue growth
+6%
Y/Y
Gross margin
167%
expanding
EPS growth
+18%
Y/Y
Free cash flow
$520.2M
Valuation
P/E 42.2
in line
Buyback
$500.0M
authorized
Balance sheet
$1.1B
net debt
Quant / Vol
risk profile
Volatility
40%
annualized · 1-yr
Max drawdown
−50%
past year
ATR
3.8%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Feb 26, 2026
Total revenues
· full year 2026
$1.69B – $1.72B
Perpetual licenses revenues growth rate
· full year 2026
0%
Subscriptions revenues growth rate
· full year 2026
11% – 13%
Services revenues growth rate
· full year 2026
15% – 20%
Constant currency ARR growth rate
· full year 2026
10.5% – 12.5%
Adjusted operating income less operating stock-based compensatio
· full year 2026
Non-GAAP
$495M – $510M
Effective tax rate
· full year 2026
21%
Free cash flows
· full year 2026
$500M – $570M
Prior guidance
period ended
· from the Earnings Call filed Jun 30, 2025
Margin expansion
· full year
1%
Guided vs delivered
· last 4 settled
Total revenues
full year 2025
guided $1.46B – $1.49B
$1.5B
Beat +1.8%
Total GAAP revenues
2024
guided $1.35B – $1.38B
$1.35B
In line
Full year 2023 revenue
full year 2023
guided $1.21B – $1.24B
$1.23B
In line
Total revenues
full-year 2022
guided $1.11B – $1.14B
$1.1B
Miss −2.3%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+5%
Bullish
Price vs 50-day avg
+11%
Bullish
RSI (14)
61
Neutral
MACD trend
Positive
Bullish
52-week position
31%
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $33 › 200d $36 — 200d above 50d
Institutional flow
Distributing
-11% holders QoQ · +60 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
5.77% of float · ▼ -8.7% MoM · 6.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
400 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $28
Now $37 · 31%
Range high $57
vs 200-day avg +5%
vs 50-day avg +11%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EPS non-GAAP | $0.73 | Six Months Ended June 30, 2026 | — |
| Adjusted operating income non-GAAP | $137.83M | Three Months Ended June 30, 2026 filing | +10.7% |
|
|
|||
GAAP → non-GAAP reconciliationGAAP AOI less Operating SBC 116.04M
+21.8M Operating stock-based compensation expense
= Adjusted operating income 137.83M
|
|||
| Annualized Recurring Revenues ("ARR") | 1.54B | Q2 2026 | — |
| AOI less Operating SBC non-GAAP | $116.04M | the three months ended June 30, 2026 filing | +8.7% |
|
|
|||
| AOI less Operating SBC margin non-GAAP | 30.8% | Six Months Ended June 30, 2026 | — |
| Constant currency ARR growth rate | 12% | Q2 2026 | — |
|
|
|||
| Free cash flow non-GAAP | $251.7M | Six Months Ended June 30, 2026 | — |
|
|
|||
| Last twelve-month recurring revenues dollar-based net retention rate | 109% | Q2 2026 | — |
|
|
|||
| Adjusted EBITDA non-GAAP | $163.37M | Three Months Ended March 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Cash flows from operating activities $193.41M
+$7.37M Cash interest
+$6.59M Cash taxes
+$587K Cash deferred compensation plan distributions
+$697K Cash acquisition expenses
-$43.75M Changes in operating assets and liabilities
-$1.53M Other
= Adjusted EBITDA $163.37M
|
|||
| AOI less SBC margin non-GAAP | 28.6% | Full Year 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Application — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
BSY
this stock
Bentley Systems Inc
|
$11.49B | -2.3% | +6.2% | 42.2 | 5.8% |
|
SAP
Sap SE
|
$254.76B | -8.8% | — | — | 0.7% |
|
SHOP
Shopify Inc.
|
$197.14B | -5.0% | +30.1% | 102.8 | 1.2% |
|
CRM
Salesforce, Inc.
|
$169.23B | -3.4% | +25.9% | 18.8 | 3.2% |
|
UBER
Uber Technologies, Inc
|
$160.99B | -3.5% | +18.3% | — | 2.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| BSY | +0.6% | +5.3% | -7.3% | +5.3% | -2.3% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | +0.1% | +2.3% | -20.7% | +2.3% | -15.1% |
Capital returns
Latest dividend
$0.07
/ share · ex Jun 2, 2026
Paid (TTM)
$0.28
/ share · 4 payouts
Dividend yield (TTM, derived)
0.75%
Buyback program
· as of Jun 30, 2026
Authorized
$500.00M
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1031308
CUSIP
08265T208
13F (30d)
302 filings
300 filers
Visit website
Investor relations