Bentley Systems Reports Strong Q3 2026 Results with Accelerated ARR Growth
Bentley Systems (BSY) delivered a robust third quarter for 2026, characterized by significant growth in subscription revenues and record-high net revenue retention of 110%. Total revenues rose 12.2% year-over-year to $421.5 million, driven largely by the company's software-as-a-service model, which now accounts for 92% of total quarterly revenue. The company demonstrated strong operational efficiency, with adjusted operating margins expanding to 32.1%. Management raised its full-year 2026 Annualized Recurring Revenue (ARR) guidance following the acquisition of Eliis and steady expansion in enterprise accounts. While geopolitical headwinds persist in China, strength in the Asia Pacific region and the Resources sector helped offset these challenges.
Tickers: $BSY
Topics: Annualized Recurring Revenue (ARR) EPS Free Cash Flow Guidance Upgrade Revenue Growth