Q2 2025 Bentley Systems Inc Earnings Call Transcript

Aug 06, 2025 / 12:15PM GMT

Release Date Price: $55.22 (-3.21%)

Transcript 10-Q8-K

Operator

Good morning and thank you for joining Bentley Systems Q2 2025 results. (Operator Instructions)

And with that, let me introduce the Executive Chairman of Bentley Systems, Greg Bentley.

Gregory Bentley

Bentley Systems Inc - Executive Chairman of the Board, President

Good morning and thanks to each of you for your interest in BSY. Please pardon my voice, which is suffering from a summer cold. CEO Nicholas and CFO Werner will, as always, report in detail Bentley Systems continued excellent operating and financial results for 2025 and thus for the first half of 2025 as we track consistently towards our outlook range for this full year.

Earlier this year in reviewing 2024, I looked back over the years since BSY's IPO in 2020 to quantify that our outlook range for 2025 would complete the process of at least doubling over these five years. Each of our key financial metrics of ARR revenues, adjusted operating income, less stock-based compensation, and free cash flows while minimizing equity dilution.

Then most recently in reviewing 2025 Q1

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