Q3 2025 Bentley Systems Inc Earnings Call Transcript

Nov 5, 2025 / 01:15 PM GMT

Release Date Price: $48.48 (-0.96%)

Transcript 10-Q8-K

Key Points

Positve

Bentley Systems Inc (BSY) reported a solid quarter with year-to-date results positioning the company well to finish within its outlook range for the full year.
The company experienced a 10.5% year-over-year increase in ARR, with strong performance in the SMB segment, adding at least 600 new SME logos for the 15th consecutive quarter.
Bentley Systems Inc (BSY) is seeing significant investments in AI from large engineering firms, which is expected to drive future growth and innovation.
The company's technology spending as a percentage of revenue has increased by 40% over the past six years, aligning with the growth rate of Bentley Systems Inc (BSY)'s revenues.
Bentley Systems Inc (BSY) is actively investing in AI and digital twin technologies, which are anticipated to become a mainstay of subscription revenue growth.

Negative

The company noted a slowdown in transportation spending in Australia, which could impact future growth in that region.
There are concerns about the impact of the U.S. government shutdown on future renewals and consumption expectations.
Bentley Systems Inc (BSY) faces challenges with labor availability in the construction and infrastructure trades, which could impact project delivery times and budgets.
The company is not yet monetizing API consumption, which could limit potential revenue growth from this area.
Asset analytics deals are volatile and can significantly impact quarterly results, making it difficult to predict exact financial outcomes.

Refinitiv StreetEvents Event Transcript
P R E L I M I N A R Y V E R S I O N

BSY.OQ - Bentley Systems Inc
Q3 2025 Bentley Systems Inc Earnings Call
Nov 05, 2025 / 01:15PM GMT

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Conference Call Participants
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Presentation
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THIS TRANSCRIPT IS THE INITIAL PRELIMINARY VERSION WHICH LEVERAGES MACHINE LEARNING TECHNOLOGY. AS SUCH, PLEASE BE AWARE THERE MAY BE INACCURACIES IN THE TEXT DISPLAYED. FUTURE EDITED VERSIONS WILL BE REVIEWED FOR GREATER ACCURACY.

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Looking statements made as of November 5, 2025, regarding the future results of operations and financial position, business

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