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How BENTLEY SYSTEMS, INCORPORATED makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$1.5B · 100%Cost of revenue$278M · 18%Gross profit$1.2B · 82%Operating income$363M · 24%Income before tax$351M · 23%Income tax$73M · 5%Net income$278M · 19%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$1.5B100%
  • 10-K · FY 2025Filing detailsAccession 0001031308-26-000007 · filed Feb 26, 2026
Cost of revenue$278M18%
  • 10-K · FY 2025Filing detailsAccession 0001031308-26-000007 · filed Feb 26, 2026
$1.2B82%
  • 10-K · FY 2025Filing detailsAccession 0001031308-26-000007 · filed Feb 26, 2026
$363M24%
  • 10-K · FY 2025Filing detailsAccession 0001031308-26-000007 · filed Feb 26, 2026
Income before tax$351M23%
  • 10-K · FY 2025Filing detailsAccession 0001031308-26-000007 · filed Feb 26, 2026
Income tax$73M5%
  • 10-K · FY 2025Filing detailsAccession 0001031308-26-000007 · filed Feb 26, 2026
$278M19%
  • 10-K · FY 2025Filing detailsAccession 0001031308-26-000007 · filed Feb 26, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001031308-26-000007 · filed Feb 26, 2026
· event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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