Bentley Systems (MEX:BSY) Research & Development: MXN5,819 Mil (TTM As of Mar. 2026)


MEX:BSY Bentley Systems Inc MEX:BSY
73 GF Score
Price MXN656.22
GF Value MXN1,440.44
! 2 Warning Signs
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What is Bentley Systems Research & Development?

Bentley Systems MEX:BSY 73 Research & Development is MXN5,819 Mil as of Mar. 2026. GuruFocus rates MEX:BSY with a GF Score™ of 73/100 and a GF Value™ of MXN1,440.44. The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Bentley Systems's Research & Development for the three months ended in Mar. 2026 was MXN1,497 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was MXN5,819 Mil.

Bentley Systems  (MEX:BSY) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Bentley Systems Research & Development Related Terms

Bentley Systems Research & Development Historical Data

* Premium members only.

The historical data trend for Bentley Systems's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bentley Systems Research & Development Chart

Bentley Systems Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 4,531.85 5,027.16 4,661.45 5,865.60 5,538.12

Bentley Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,482.20 1,419.44 1,444.62 1,458.28 1,496.80
MEX:BSY
73GF Score
Bentley Systems Inc MEX:BSY
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Bentley Systems Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN5,819 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of MXN5,819 Mil mean?
Bentley Systems (MEX:BSY) has a Research & Development of MXN5,819 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Bentley Systems and its competitors.
Is Bentley Systems' Research & Development too high?
Bentley Systems' current Research & Development is MXN5,819 Mil. Overall, Bentley Systems has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Bentley Systems' Research & Development compare to DOCU and FROG?
Bentley Systems' Research & Development of MXN5,819 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Software company?
A good Research & Development depends on the Software industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Bentley Systems and its competitors. Bentley Systems's current Research & Development is MXN5,819 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bentley Systems stock overvalued right now?
Bentley Systems (MEX:BSY) has a current Research & Development of MXN5,819 Mil. The stock's GF Value™ is MXN1,440.44, compared to a current price of MXN656.22 — trading 54.4% below its estimated fair value. The current Research & Development is MXN5,819 Mil. Bentley Systems' overall GF Score™ is 73/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Bentley Systems (MEX:BSY), the current Research & Development is MXN5,819 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bentley Systems (MEX:BSY) Overvalued in 2026?

Based on GuruFocus' analysis, Bentley Systems stock appears to be undervalued. The current stock price of MXN656.22 is trading 54.4% below its estimated GF Value™ of MXN1,440.44.

Key valuation signals for MEX:BSY:

  • Research & Development: MXN5,819 Mil
  • GF Value™: MXN1,440.44 vs. price of MXN656.22 (54.4% below fair value)
  • GF Score™: 73/100 with 2 warning signs

No single metric tells the full story. See the MEX:BSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Bentley Systems Business Description

Address 685 Stockton Drive, Exton, PA, USA, 19341
Bentley Systems is a software vendor that caters to civil engineers, constructors, and geospatial professionals by enabling design, simulation, and data management of infrastructure assets such as roads and bridges. While Bentley is smaller than many other design software companies, it is a market leader across a handful of specialty areas, including public works, electricity grids, and transit.
73GF Score

Get the complete analysis for MEX:BSY

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN656.22
Price
MXN1,440.44
GF Value