Bentley Systems Q3 Revenue Rises 12.2% to $421.5 Million: ARR Reaches $1.58 Billion, Growth Outlook Raised
Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company based in Exton, Chester County, Pennsylvania, reported results on November 5 for the quarter ended September 30, 2026. Total revenues were $421.5 million, up 12.2% year over year, and subscriptions revenues were $386.8 million, up 12.4%.
Annualized recurring revenues were $1,582.8 million as of September 30, with a constant-currency ARR growth rate of 13%, and the last-twelve-months recurring revenue dollar-based net retention rate was 110%. Operating income margin was 29.1%, compared with 22.5% a year earlier. Net income per diluted share was $0.29, compared with $0.18, and adjusted EPS was $0.36. Cash flows from operating activities were $109.4 million and free cash flow was $101.4 million.
The company also completed two capital transactions: on October 13 it divested its Cohesive business into Naviam, and on October 29 it acquired seismic interpretation software company Eliis to expand its Seequent subsurface modeling portfolio.
CFO Werner Andre said the company raised its constant-currency ARR growth range, excluding the Cohesive divestiture, to 12.5% to 13.5%.
Executive Chair Greg Bentley said ARR growth of 13% exceeded the annual outlook range, reflecting robust end markets and confidence in infrastructure AI. CEO Nicholas Cumins said growth accelerated on strength in Resources and momentum in Public Works and Utilities. (Source: Bentley Systems)
Source: Bentley Systems
Published by GSM · USA (original Chinese edition)
Photo: 图：宾夕法尼亚州 Exton，Bentley Systems 总部所在地。Cfykdyfxk 摄，CC BY-SA 3.0，经 Wikimedia Commons。 / Photo: Exton, Pennsylvania, home of Bentley Systems' headquarters. By Cfykdyfxk, CC BY-SA 3.0, via Wikimedia Commons.
