Bentley Systems Q4 revenue beats expectations on subscription growth

Bentley Systems

26/02/2026 12:19

Overview

Infrastructure software firm's Q4 revenue rose 11.9%, beating analyst expectations

Adjusted EPS for Q4 increased to $0.27 from $0.21 last year

Company highlights strategic acquisitions and AI-driven growth as performance drivers

Outlook

Bentley Systems expects 2026 revenue between $1,685 mln and $1,715 mln

Company anticipates 2026 subscription revenue growth of 11% to 13%

Bentley Systems forecasts 2026 free cash flow between $500 mln and $570 mln

Result Drivers

SUBSCRIPTION GROWTH - Subscription revenues increased by 13% year-over-year, contributing significantly to overall revenue growth

AI AND DIGITAL TWINS - AI and digital twin technologies are driving growth, especially in infrastructure optimization, per Executive Chair Greg Bentley

STRATEGIC ACQUISITIONS - Acquisitions of Talon Aerolytics and Pointivo strengthened the Asset Analytics platform, enhancing asset performance capabilities

Company press release: ID:nBw2CtJlka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$391.58 mln
$381.82 mln (14 Analysts)
Q4 Net Income
$58.67 mln
Q4 EBIT
$78.51 mln
Q4 Gross Profit
$320.68 mln
Q4 Pretax Profit
$75.89 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Bentley Systems Inc is $50.50, about 55.5% above its February 25 closing price of $32.48

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 38 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)