Bentley Systems, Incorporated (BSY) Stock Price & Analysis
Bentley Systems, Incorporated (BSY) closed at USD 39.41 on Thursday, October 22, 2026, up 2.74% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 38.36; the Oct 22, 2026 session ranged USD 38.52–39.68 on volume of 3,107,131 shares. Market capitalization is $11.91B, with a 52-week range of USD 28.08–52.39 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:28 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BSY.md
Key facts (BSY)
- Last four reported quarters (through Jun 30, 2026): revenue $1.60B, net income $290M (18.1% margin), free cash flow $498M (SEC filings).
- Valuation: P/E 41.1x (avg 55.1x at the last 3 fiscal year-ends), net debt $1.07B.
- 1 of 80 tracked superinvestors hold BSY (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.06 on a 1–5 scale) (17 analysts), mean target USD 44.27 (range 40–59).
- Total return with dividends: 1Y -22.6% vs S&P 500 +14.9%; 5Y -31.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.33, revenue estimate $421M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BSY)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $965M | $1.10B | $1.23B | $1.35B | $1.50B | $1.60B |
| Gross profit | $749M | $862M | $962M | $1.10B | $1.22B | — |
| Operating income | $94.6M | $209M | $231M | $302M | $363M | $378M |
| Net income | $93.2M | $175M | $327M | $235M | $278M | $290M |
| EPS (diluted) | $0.30 | $0.55 | $1.00 | $0.72 | $0.85 | — |
| Free cash flow | $270M | $256M | $392M | $421M | $520M | $498M |
| Gross margin | 77.6% | 78.4% | 78.3% | 80.9% | 81.5% | — |
| Operating margin | 9.8% | 19.0% | 18.8% | 22.3% | 24.1% | 23.6% |
| Net margin | 9.7% | 15.9% | 26.6% | 17.4% | 18.5% | 18.1% |
| Revenue growth | +20.4% | +13.9% | +11.8% | +10.1% | +11.0% | — |
| Cash + short-term investments | $329M | $71.7M | $68.4M | $64.0M | $123M | — |
| Total debt | $1.44B | $1.78B | $1.53B | $1.39B | $1.25B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BSY)
P/E 41.1x · P/S 7.4x · EV/Sales 8.1x · P/FCF 23.9x · P/B 9.9x · FCF yield 4.19% · Earnings yield 2.44% · Dividend yield (paid, TTM) 0.71% · Buyback yield (TTM) 1.68% · Net debt $1.07B · EV $13.0B
P/E at fiscal year-ends: Dec 2025 45.8x, Dec 2024 66.4x, Dec 2023 53.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (BSY)
1 of 80 tracked investors hold BSY. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | 0.27% | $29.0M | Added +310.8% |
Analysts (BSY)
Consensus Buy (mean 2.06 on a 1–5 scale), 17 analysts; mean target USD 44.27 (low 40, high 59).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | Cantor Fitzgerald | Target raised | Overweight | $37 → $42 |
| 2026-09-15 | Cantor Fitzgerald | Initiated | Overweight | $37 |
| 2026-08-10 | Rosenblatt | Maintained | Buy | $50 |
| 2026-08-07 | Piper Sandler | Maintained | Overweight | $45 |
Total return (dividends reinvested) (BSY)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -22.6% | -31.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -22.7% | -7.3% |
| Volatility (annualized) | 41.0% | 35.0% |
| Max drawdown | -45.3% (Oct 2025→Jun 2026) | -49.5% (Jul 2025→Jun 2026) |
BSY analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.33 | $0.34 | -2.3% | $420.5M | 14 |
| Next quarter (ends Dec 2026) | $0.34 | $0.35 | -2.7% | $439.2M | 14 |
| Current fiscal year (ends Dec 2026) | $1.39 | $1.38 | +0.9% | $1.70B | 16 |
| Next fiscal year (ends Dec 2027) | $1.58 | $1.58 | -0.2% | $1.87B | 16 |
Key Statistics (as of October 23, 2026 at 09:28 UTC)
| Price | USD 39.41 |
|---|---|
| Change | ▲ 2.74% (up) |
| Previous Close | USD 38.36 |
| Open | USD 38.69 |
| Day Range | USD 38.52 – 39.68 |
| 52-Week Range | USD 28.08 – 52.39 |
| Volume | 3,107,131 shares |
| Market Cap | $11.91B |
| Exchange | NMS |
Technical Analysis (BSY)
Nexqual's technical model rates BSY "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:28 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 72.07 (overbought) |
| vs SMA50 | Above (USD 34.49) |
| MACD | 1.29 (positive) |
Analyst Ratings (BSY)
Wall Street analysts rate BSY "Buy" based on 17 analysts, with a mean price target of USD 44.27 (range USD 40–59), per Nexqual as of October 23, 2026 at 09:28 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 17 |
| Mean Target | USD 44.27 |
| High Target | USD 59 |
| Low Target | USD 40 |
| Buy / Hold / Sell | 13 / 4 / 0 |
Earnings (BSY)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.33 |
| Revenue Estimate | $420.53M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.35 vs est 0.32 ▲ beat |
| 2026-03-31 | USD 0.38 vs est 0.36 ▲ beat |
| 2025-12-31 | USD 0.27 vs est 0.26 ▲ beat |
| 2025-09-30 | USD 0.27 vs est 0.27 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Financials & Fundamentals (BSY)
| Total Revenue | $1.60B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +12.80% |
| Gross Margin | +81.85% |
| Operating Margin | +25.00% |
| Profit Margin | +18.10% |
| ROE | +24.52% |
| Debt / Equity | 1.05 |
| Current Ratio | 0.6 |
| Total Cash | $146.98M |
| Total Debt | $1.27B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $498.50M (31.1% of revenue) |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Financial Health Score (BSY)
Nexqual rates Bentley Systems, Incorporated's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:28 UTC.
| Growth | Solid — Revenue +11% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 82%, operating 25% (last 12 months) |
| Balance Sheet | Weak — $147M cash and investments vs $1.22B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $498M (last 4 quarters to Jun 2026, SEC), 31% margin |
| Efficiency | Strong — ROE 25%, ROA 7.2% |
Ownership (BSY)
| Insider Ownership | +45.42% |
|---|---|
| Institutional Ownership | +55.50% |
| Shares Outstanding | 290.58M |
| Float | 155.76M |
| Short % of Float | +7.95% |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Leadership (BSY)
Bentley Systems, Incorporated is led by Nicholas H. Cumins, CEO & Director, per Nexqual as of October 23, 2026 at 09:28 UTC.
| CEO & Director | Nicholas H. Cumins |
|---|---|
| President & Executive Chairman of the Board | Gregory S. Bentley |
| Founder, Technology Advisor, Executive VP & Director | Keith Arthur Bentley |
| Co-Founder & Director | Barry Joe Bentley |
| Chief Financial Officer | Werner Andre |
Major Backers & Investors (BSY)
Notable institutional backers of Bentley Systems, Incorporated include NORGES BANK, Swedbank AB, T. Rowe Price, according to Nexqual as of October 23, 2026 at 09:28 UTC.
Active Investors
| Investor | Stake |
|---|---|
| NORGES BANK | 3.26% |
| Swedbank AB | 3.1% |
| T. Rowe Price | 2.58% |
| Morgan Stanley | 2.07% |
| William Blair Investment Management, LLC | 2.05% |
| Arrowstreet Capital, Limited Partnership | 1.7% |
| Eaton Vance Growth Trust-Eaton Vance Atlanta Capital SMID-Cap Fund | 0.95% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 5.72% |
| BlackRock | 5.53% |
| State Street | 1.73% |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| GRAB | Grab Holdings Limited | USD 2.85 | ▲ 1.06% |
| CHYM | Chime Financial, Inc. | USD 30.16 | ▼ 0.69% |
| PAYC | Paycom Software, Inc. | USD 272.61 | ▲ 4.44% |
| FROG | JFrog Ltd. | USD 93.89 | ▼ 2.5% |
| FIG | Figma, Inc. | USD 24.1 | ▲ 4.87% |
| HUBS | HubSpot, Inc. | USD 267.19 | ▲ 6.92% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:28 UTC. This page is informational and not investment advice.
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