Will This Stock Continue Climbing With The Market Surge-BSY
Acrobull Canada Advisory Inc.
April 16
2026
Name
Ticker
Sector/Industry
Market Cap
Risk Factor
Bentley Systems Incorporated.
BSY-NASDAQ
Technology
$10.31 Billion
Medium
Bentley Systems develops and delivers software solutions for infrastructure engineering across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region. Its portfolio includes open modeling applications such as MicroStation.
Recent Highlights
CEO Statement- We closed the year with strong performance, creating meaningful momentum for our 2026 outlook, and I sincerely thank our colleagues for their exceptional dedication and our users for their continued trust, collaboration, and long-standing partnership.
The remarkable growth of our Seequent business is significantly expanding our addressable market into critical resources, while simultaneously accelerating our progress in AI, from increasing adoption of Bentley Asset Analytics to advancing AI-driven design innovation.
Fourth Quarter 2025 Financial Highlights
Total Revenue- Total revenue reached $391.6 million, reflecting an 11.9% year-over-year increase, or 9.7% on a constant currency basis, demonstrating solid growth momentum driven by sustained demand across global infrastructure engineering software markets and continued expansion of the company’s diversified product portfolio.
Subscription Revenue- Subscription revenue totaled $356.6 million, rising 13.0% year-over-year, or 10.8% on a constant currency basis, highlighting the company’s continued transition toward recurring revenue streams and strong customer adoption of its subscription-based infrastructure engineering software solutions worldwide across multiple industries and regions.
Annualized Recurring Revenue (ARR)- Annualized Recurring Revenue reached $1,462.1 million as of December 31, 2025, up from $1,283.3 million a year earlier, representing robust growth. On a constant currency basis, ARR increased 11.5%, underscoring strong customer retention, expansion, and recurring revenue visibility.
Net Retention Rate- The last twelve-month recurring revenue dollar-based net retention rate was 109%, slightly below 110% in the prior year period, indicating continued strong customer expansion and retention, while reflecting modest normalization in spending patterns among existing customers across the company’s global client base.
Operating Income Margin- Operating income margin improved to 20.0%, compared to 17.6% in the prior year period, reflecting enhanced operational efficiency, disciplined cost management, and scalable revenue growth, which collectively contributed to stronger profitability and improved overall financial performance during the reporting period.
Stock Observation- Building on total revenue of $391.6 million, up 11.9% year-over-year (9.7% constant currency), the company expects continued growth driven by strong demand, expanding subscriptions, and sustained adoption of its infrastructure engineering software solutions globally.
Risk Involved- Financial performance of the company may have an impact on the company stock performance.
Considering all the factors and financials of the company Acrobull Canada Advisory Inc. maintains Customer Choose Buy for the stock.
Disclaimer- Though our research is fundamentally and technically based on Acrobull Canada Advisory Inc. only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull Canada Advisory Inc. would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.
It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull Canada Advisory Inc. Inc ltd. is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull Canada Advisory Inc. does not guarantee returns.
