Bentley Systems Incorporated (BSY) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$39.66 +0.57% NASDAQ • Public Delayed / 60s Snapshot

Bentley Systems Incorporated (BSY) earns a Roarable Rating of B- (Buy) with 70/100 RQD Confidence. High-quality cash engine (82% profit margin, 12% return on capital) with steady institutional support. Even if the broader market gets choppy, the company’s underlying cash engine and big-money support put the odds in buyers’ favor.

ROARABLE B- • BUY Cap $11.98B
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
RQD QUANT TACHOMETERBUY • B-
025507510070
2-of-3 JEV AI Jury Bullish
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw C · Rk B+
Cash (16)Whales (10)SEC (16)Macro (16)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+5.4% Base Target
$53 Bull$42 Base$33 Bear
🔴 SUNDAY NIGHT PREP • 7:00 PM ET
WHALE OPTIONS TUG-OF-WAR:57% Call Buyers ($2.6M)
43% PutsMax Pain: $39.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How BSY Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$520.2M (34.6% FCF Margin)
Revenue$1.50BGross Profit $1.22B (81.5%)Cost of Sales $277.5MOp Profit $362.6M (24.1%)OpEx (R&D/SG&A) $861.6MNet Profit$277.9M (18.5%)Tax/Other $84.7M

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $1.23B
FY24
Rev $1.35B
FY25
Rev $1.50B
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$1.50B81.5%24.1%$277.9M$520.2M12.4%
FY 2024$1.35B80.9%22.3%$234.8M$421.2M10.1%
FY 2023$1.23B44%18.8%$326.8M$361.4M4.6%
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BSY // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +25.38%▲ RESISTANCE BREAKOUT
2026-10-30O $39.95H $40.94L $39.44C $40.90VOL 4.31M
RES: $40.71SUP: $31.20SMA50: $34.98SMA200: $34.34
$45.20$40.56$35.92$31.28$26.64RES $40.71SUP $31.20$40.902026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

BSY Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
32.4%/yr Implied 5Y Growth

vs. +11.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on BSY today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for BSY. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for BSY today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

BSY Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Bentley Systems Incorporated (BSY)?

In FY 2025 (10-K), BSY converted $1.5B of revenue into a 81.5% gross margin, 24.1% operating margin, and $520.2M in free cash flow (34.6% FCF margin).