Bentley Systems Inc cash flow statement
In fiscal 2025, Bentley Systems Inc's operations generated $538m of cash; it spent $18.3m on capital projects, leaving free cash flow of $520m. It returned $85.0m in dividends and $125m through buybacks.
Cash flow statement
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 161 | 171 | 258 | 288 | 274 | 417 | 435 | 538 | 523 |
| Depreciation and amortisation | 29 | 32 | 36 | 53 | 72 | — | — | — | — |
| Stock-based pay | 8 | 8 | 32 | 49 | 75 | 73 | 74 | 73 | 79 |
| Capital spending | 19 | 17 | 16 | 18 | 19 | 25 | 14 | 18 | 24 |
| Free cash flow | 143 | 154 | 242 | 270 | 256 | 392 | 421 | 520 | 498 |
| Free cash flow after stock pay | 135 | 146 | 210 | 221 | 181 | 319 | 347 | 448 | 420 |
| Dividends paid | 20 | 25 | 423 | 33 | 34 | 59 | 72 | 85 | 85 |
| Share buybacks | 46 | 24 | 0 | 0 | 28 | 0 | 64 | 125 | 200 |
| Shares issued | — | 5 | 58 | 0 | 0 | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 86 | 82 | 219 | 61 | 116 | 142 | 193 | 72 |
| Depreciation and amortisation | 16 | — | 16 | 16 | — | — | 16 | 16 |
| Stock-based pay | 16 | 17 | 17 | 20 | 18 | 18 | 20 | 23 |
| Capital spending | 2 | 6 | 3 | 4 | 6 | 5 | 6 | 8 |
| Free cash flow | 84 | 76 | 216 | 57 | 111 | 136 | 188 | 64 |
| Free cash flow after stock pay | 68 | 60 | 199 | 37 | 93 | 119 | 168 | 41 |
Compare with peers
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