Compared to Estimates, Bentley Systems (BSY) Q4 Earnings: A Look at Key Metrics

For the quarter ended December 2025, Bentley Systems, Incorporated (BSY) reported revenue of $391.58 million, up 11.9% over the same period last year. EPS came in at $0.27, compared to $0.21 in the year-ago quarter.

The reported revenue represents a surprise of +3.27% over the Zacks Consensus Estimate of $379.17 million. With the consensus EPS estimate being $0.27, the EPS surprise was -1.21%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Bentley Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Total Revenue - YoY growth: 11.9% versus the six-analyst average estimate of 8.4%.
• Annualized Recurring Revenues (ARR): $1.46 billion compared to the $1.43 billion average estimate based on four analysts.
• Revenue - Subscriptions - YoY growth: 13% versus 8.5% estimated by four analysts on average.
• Revenues- Subscriptions and licenses: $370.92 million compared to the $358.03 million average estimate based on five analysts. The reported number represents a change of +12.4% year over year.
• Revenues- Services: $20.67 million versus $21.12 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
• Revenues- Subscriptions: $356.63 million compared to the $342.47 million average estimate based on four analysts. The reported number represents a change of +13% year over year.
• Revenues- Perpetual licenses: $14.28 million compared to the $12.8 million average estimate based on four analysts. The reported number represents a change of -0.2% year over year.

View all Key Company Metrics for Bentley Systems here>>>

Shares of Bentley Systems have returned -13% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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