BSY

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Exhibit 99.1

Bentley Systems Announces Third Quarter 2026 Results

EXTON, PA – November 5, 2026 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced results for the quarter ended September 30, 2026.

Third Quarter 2026 Results

•Total revenues were $421.5 million, up 12.2% or 12.7% on a constant currency basis, year-over-year;

•Subscriptions revenues were $386.8 million, up 12.4% or 12.9% on a constant currency basis, year-over-year;

•Annualized Recurring Revenues (“ARR”) were $1,582.8 million as of September 30, 2026, compared to $1,405.2 million as of September 30, 2025. Constant currency ARR growth rate was 13%;

•Last twelve-months recurring revenues dollar-based net retention rate was 110%, compared to 109% for the same period last year;

•Operating income margin was 29.1%, compared to 22.5% for the same period last year;

•Adjusted operating income less operating stock-based compensation expense (“AOI less Operating SBC”) margin was 32.1%, compared to 28.1% for the same period last year;

•Net income per diluted share was $0.29, compared to $0.18 for the same period last year;

•Adjusted net income per diluted share (“Adjusted EPS”) was $0.36, compared to $0.27 for the same period last year;

•Cash flows from operating activities were $109.4 million, compared to $116.4 million for the same period last year; and

•Free cash flow was $101.4 million, compared to $110.7 million for the same period last year.

Nine Months Ended September 30, 2026 Results

•Total revenues were $1,256.4 million, up 13.2% or 12.3% on a constant currency basis, year-over-year;

•Subscriptions revenues were $1,157.9 million, up 13.5% or 12.7% on a constant currency basis, year-over-year;

•Operating income margin was 26.9%, compared to 25.6% for the same period last year;

•AOI less Operating SBC margin was 31.2%, compared to 30.7% for the same period last year;

•Net income per diluted share was $0.83, compared to $0.67 for the same period last year;

•Adjusted EPS was $1.09, compared to $0.94 for the same period last year;

•Cash flows from operating activities were $374.4 million, compared to $396.9 million for the same period last year. Last twelve-months ended September 30, 2026 cash flows from operating activities were $515.9 million, compared to $478.5 million for the last twelve-months ended September 30, 2025; and

•Free cash flow was $353.1 million, compared to $384.0 million for the same period last year. Last twelve-months ended September 30, 2026 free cash flow was $489.3 million, compared to $460.1 million for the last twelve-months ended September 30, 2025.

Executive Chair Greg Bentley said, “The progression throughout 2026 to date of BSY’s year-over-year ARR growth rate to 13%, exceeding our annual outlook range, reflects both the robustness of our focused end markets, and accounts’ confidence in our mutual trajectories for infrastructure AI. Complementing BSY’s stalwart operating execution, I am pleased that we have recently concluded two strategic capital allocation transactions: the divestment of Cohesive into our investee and successor consolidator, Naviam, and the acquisition of Eliis for seismic interpretation, further expanding Seequent’s comprehensive subsurface modeling scope and reach.”

CEO Nicholas Cumins said, “We delivered another quarter of accelerated growth, driven by strength in Resources and continued momentum in Public Works & Utilities. The engineering firms we serve are benefiting from an unprecedented level of investment in infrastructure for AI. In parallel, Bentley is uniquely positioned to unlock the potential of AI for infrastructure. At our Year in Infrastructure Awards last month, nearly 70% of our finalists leveraged AI in their projects, demonstrating how our software used at machine speed can significantly expand engineering capability to deliver better, more resilient infrastructure.”

CFO Werner Andre said, “Our strong Q3 results, expected continued momentum, and the programmatic acquisition of Eliis provide confidence in raising our constant currency ARR year‑over‑year growth range—excluding the impact from the Cohesive divestiture—to 12.5-13.5%. Revenues excluding the Cohesive divestiture, AOI less Operating SBC and free cash flow remain on track to deliver within their respective outlook ranges. With net debt leverage of 1.7 times and our revolving credit facility, we have ample financial flexibility to fund programmatic acquisitions, return capital through dividends and opportunistic share repurchases, and repay our 2027 convertible notes at maturity.”

Recent Developments

•On October 13, 2026, we completed the divestiture of Cohesive—a business that provides IBM Maximo‑related implementation and consulting services and operated separately from our infrastructure engineering software offerings—by contributing it to Naviam, a leading IBM Maximo partner. In exchange

EX-99.1

2 a26q2exhibit991.htm

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Exhibit 99.1

Bentley Systems Announces Second Quarter 2026 Results

EXTON, PA – August 6, 2026 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced results for the quarter ended June 30, 2026.

Second Quarter 2026 Results

•Total revenues were $410.7 million, up 12.8% or 12.2% on a constant currency basis, year-over-year;

•Subscriptions revenues were $378.6 million, up 13.6% or 13.0% on a constant currency basis, year-over-year;

•Annualized Recurring Revenues (“ARR”) were $1,536.0 million as of June 30, 2026, compared to $1,379.2 million as of June 30, 2025. Constant currency ARR growth rate was 12%;

•Last twelve-month recurring revenues dollar-based net retention rate was 109%, consistent with the same period last year;

•Operating income margin was 21.6%, compared to 23.2% for the same period last year;

•Adjusted operating income less operating stock-based compensation expense (“AOI less Operating SBC”) margin was 28.3%, compared to 29.3% for the same period last year;

•Net income per diluted share was $0.25, compared to $0.22 for the same period last year;

•Adjusted net income per diluted share (“Adjusted EPS”) was $0.35, compared to $0.32 for the same period last year;

•Cash flows from operating activities were $71.5 million, compared to $61.1 million for the same period last year; and

•Free cash flow was $63.8 million, compared to $57.0 million for the same period last year.

Six Months Ended June 30, 2026 Results

•Total revenues were $834.9 million, up 13.6% or 12.1% on a constant currency basis, year-over-year;

•Subscriptions revenues were $771.1 million, up 14.1% or 12.6% on a constant currency basis, year-over-year;

•Operating income margin was 25.7%, compared to 27.2% for the same period last year;

•AOI less Operating SBC margin was 30.8%, compared to 32.0% for the same period last year;

•Net income per diluted share was $0.55, compared to $0.50 for the same period last year;

•Adjusted EPS was $0.73, compared to $0.67 for the same period last year;

•Cash flows from operating activities were $264.9 million, compared to $280.5 million for the same period last year; and

•Free cash flow was $251.7 million, compared to $273.4 million for the same period last year.

Executive Chair Greg Bentley said, “BSY’s hallmark growth dependability, positively exemplified by the quarters of 2026, underscores the boundless prioritization of investment within the world’s owner-operators of physical infrastructure— and our company’s ingrained zeal for hybrid innovation, led foreseeably by successive multi-faceted integration of AI. These factors underlie my confidence in the durability of superior financial returns for holders of BSY shares, characterized by our sustained momentum in growth of ARR, profitability, and most fundamentally, free cash flow (appropriately burdened by operating stock-based compensation).”

CEO Nicholas Cumins said, “We had another strong quarter, reflecting disciplined execution by our team and continued strength in the end markets we serve. Growth was led once again by the Resources sector, followed by Public Works / Utilities, including from the electric grid.

“We are also making meaningful progress with Infrastructure AI. We are instrumenting more of our engineering applications so that users can combine our trusted, deterministic engines for modeling, analysis, and simulation with the reasoning capabilities of their preferred AI assistants. The feedback from accounts has been encouraging: as they better understand what becomes possible, they are beginning to apply these capabilities on live projects, creating value that we intend to monetize in due course.”

CFO Werner Andre said, “Our second-quarter results reflect consistent high performance across our key financial metrics, positioning us favorably within our full-year financial outlook. We delivered constant-currency ARR growth of 12% and constant-currency subscriptions revenue growth of 13%, with free cash flow having grown 15% on a last-twelve-months basis and profitability in line with our expectations. During the second quarter, we went live with our new enterprise-wide finance and quote-to-cash platforms, the costs of which we absorbed within our margin commitment while laying the foundation for future efficiency and scale.

“Our disciplined approach to capital allocation is evidenced by quarter-end net debt leverage of 1.9 times and ample credit capacity, notwithstanding a meaningful increase in share repurchases during the first half. Together with our reliable cash generation, and in anticipation of our mid-2027 convertible notes maturity, we maintain the flexibility to fund programmatic acquisitions and to return capital to shareholders through dividends and share repurchases.”

Call Details

Bentley Systems will host a live Zoom video webinar on August 6, 2026 at 8:15 a.m. Eastern time to discuss res

EX-99.1

2 a26q1exhibit991.htm

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Exhibit 99.1

Bentley Systems Announces First Quarter 2026 Results

EXTON, PA – May 7, 2026 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced results for the quarter ended March 31, 2026.

First Quarter 2026 Results

•Total revenues were $424.2 million, up 14.5% or 11.9% on a constant currency basis, year-over-year;

•Subscriptions revenues were $392.5 million, up 14.7% or 12.2% on a constant currency basis, year-over-year;

•Annualized Recurring Revenues (“ARR”) were $1,494.5 million as of March 31, 2026, compared to $1,319.3 million as of March 31, 2025; Constant currency ARR growth rate was 11.5%;

•Last twelve-month recurring revenues dollar-based net retention rate was 109%, compared to 110% for the same period last year;

•Operating income margin was 29.8%, compared to 31.1% for the same period last year;

•Adjusted operating income less operating stock-based compensation expense (“AOI less Operating SBC”) margin was 33.2%, compared to 34.6% for the same period last year;

•Net income per diluted share was $0.30, compared to $0.28 for the same period last year;

•Adjusted net income per diluted share (“Adjusted EPS”) was $0.38, compared to $0.35 for the same period last year;

•Cash flows from operating activities were $193.4 million, compared to $219.4 million for the same period last year; and

•Free cash flow was $187.9 million, compared to $216.4 million for the same period last year.

Executive Chair Greg Bentley said, “Along with distinctively consistent and commendable performance as in 2026’s first quarter, BSY characteristically prioritizes the enhancement of future value. I am continually amazed by the pace and potential of our AI advancements, especially behind-the-scenes, across every front. Our most committed contingent of accounts are the world’s top design firms. BSY’s multi-faceted AI initiatives are shaped to enable each such firm to competitively accelerate, for its own economic advantage, an individualized AI strategy to leverage its proprietary investments in engineering knowledge and data.”

CEO Nicholas Cumins said, “We are pleased to report a strong start to 2026, reflecting both solid market fundamentals and strong execution by our team. The quarter was highlighted by the performance of our Resources business, which continues to be our fastest-growing sector, and by the steady demand from Public Works / Utilities. This gives us a solid foundation for the year.

“In parallel, we continue to execute on our AI initiatives across the portfolio, including instrumenting our engineering applications to support AI-driven workflows, paving the way for a new, long-term economic engine where Bentley Systems software is leveraged by AI agents at machine scale.”

CFO Werner Andre said, “Our first-quarter results mark a strong start to the year across every key financial metric, positioning us well within our full-year financial outlook. We delivered constant-currency ARR growth of 11.5% and constant-currency subscriptions revenue growth of 12%, along with robust profitability and cashflow.

“On the balance sheet, we repaid the 2026 convertible notes at maturity, and subsequent to quarter-end we closed on a $550 million Term Loan A under our credit facility’s ‘accordion’ feature. Along with lowering interest costs, this provides increased financial flexibility to support strategic priorities, including programmatic acquisitions and returning capital to shareholders through dividends and share repurchases. Our disciplined approach to capital allocation is evidenced by quarter-end net debt leverage under 2x.”

Recent Developments

On April 23, 2026, we amended our credit facility to provide for a new $550 million term loan, which matures on October 18, 2029, subject to a “springing” maturity date. As a result, the total borrowing capacity under the credit facility increased to $1.85 billion. We used the term loan borrowings to repay portions of revolving indebtedness outstanding under the credit facility.

Call Details

Bentley Systems will host a live Zoom video webinar on May 7, 2026 at 8:15 a.m. Eastern time to discuss results for its first quarter ended March 31, 2026.

Those wishing to participate should access the live Zoom video webinar of the event through a direct registration link at https://bentley-com.zoom.us/webinar/register/WN_l4PXoJPcTeGtUGu1Oxd1BA#/registration. Alternatively, the event can be accessed from the Events & Presentations page on Bentley Systems’ Investor Relations website at https://investors.bentley.com. In addition, a replay and transcript will be available after the conclusion of the live event on Bentley Systems’ Investor Relations website for one year.

Non-GAAP Financial Measures

In this press release, we sometimes refer to financial measures that are not presented in accordance with U.S. generally accepted accounting principles (“GAAP”). Certain of