Bentley Systems Incorporated (BSY) earns a Roarable Rating of B+ (Buy) with 76/100 RQD Confidence. High-quality cash engine (81.5% gross margin, 12% return on capital) with steady institutional support. The company’s underlying cash engine and institutional positioning keep the composite score in the Green Buy zone.
As of 2026-11-03, Bentley Systems Incorporated (NASDAQ: BSY) is rated B+ (Buy / BUY) by Roarable's 5-pillar RQD engine with a composite confidence score of 76/100 at a spot price of $42.40 (+3.67% 1D, market cap $12.36B). Pillar breakdown: Fundamental Cash Engine 16/20, Institutional 13F & Options Flow 17/20, SEC Balance-Sheet Forensics 16/20, FRED Macro Regime Fit 14/20, and Executive Insider Alignment 13/20. Across 715 tracked Technology issuers, BSY ranks #31 in composite RQD confidence.
Within the Technology sector (Computer Software: Prepackaged Software), BSY carries a Roarable B+ (76/100 RQD), trailing P/E of 43.1x, gross margin of 81.5%, and ROIC of 12.4%. By comparison, SAIL (SailPoint Inc.) holds a C grade (65/100 RQD, P/E N/A, ROIC -3.6%, cap $12.02B) and PAYC (Paycom Software Inc.) posts a B- grade (70/100 RQD, P/E 25.9x, ROIC 11.7%, cap $11.91B). Among the 5-stock peer group, PAYC leads on earnings multiple (25.9x) while BSY leads on capital efficiency (12.4% ROIC).
Per BSY's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001031308), Bentley Systems Incorporated generated $1.50B in revenue (+11.0% YoY), $277.9M in net income, and $520.2M in free cash flow against $3.56B in total assets and $1.25B in total debt. Key quantitative strengths: Strong cash generator (81.5% gross margin)—profits are backed by real money, not accounting tricks. Primary risk factors monitored: Priced at 43x earnings—high expectations leave less room for a lukewarm quarter. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
20D Institutional Volume Accumulation (±6% realized swing band)
SEC XBRL FY 2025 (10-K): 34.6% FCF Margin ($520.2M FCF) & 81.5% Gross Margin
Cannibal Buyback (-1.52% YoY Shares) & executive Form 4 sales trim 7 pts from alignment
Even with a 76/100 (B+) score, BSY faces multiple-compression risk if 43.1x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.
Priced at 43x earnings—high expectations leave less room for a lukewarm quarter.
Dilution & Margin Drag: Cannibal Buyback (-1.52% YoY Shares) — any gross margin slip below 79.0% triggers an automatic RQD downgrade.
Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($35.15) or 200D SMA ($34.36) invalidates the momentum regime and cuts Target Base ($45.83) toward Bear Floor ($34.77).
Bentley Systems Incorporated (BSY) surged +3.67% to $42.40, trading at 63% of its 52-week range ($28.08 – $50.8). High-quality cash engine (81.5% gross margin, 12% return on capital) with steady institutional support.
Yahoo Finance report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
Moomoo report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
TradingView report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
Simply Wall St report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
Stock Titan report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
TradingView report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
EXTON, Pa., November 02, 2026--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Seequent, The Bentley Subsurface Company, has acquired seismic interpretat
For questions about this article or underlying research, email help@trefis.com.
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +11.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on BSY today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for BSY. Explore sector supply chains on /butterfly.
Across 715 tracked Technology securities in the Roarable RQD universe, Bentley Systems Incorporated (BSY) ranks #31 by composite RQD confidence (76/100, grade B+) and #133 by equity capitalization ($12.36B). Within this direct 5-issuer industry benchmark cohort, PAYC leads on earnings valuation at 25.9x trailing P/E, while BSY leads on capital efficiency and profitability with 12.4% ROIC and 81.5% gross margin. BSY currently leads its immediate peer cohort in composite quantitative strength at 76/100 (B+).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| BSY
ACTIVE
Bentley Systems Incorporated | B+ | 76/100 | 43.1x | 81.5% | 12.4% | +3.67% | $12.36B | Benchmark Subject |
| SAIL SailPoint Inc. | C | 65/100 | — | 64.5% | -3.6% | -8.88% | $12.02B | /sail-vs-bsy → |
| PAYC Paycom Software Inc. | B- | 70/100 | 25.9x | 83.2% | 11.7% | +0.70% | $11.91B | /payc-vs-bsy → |
| HUBS HubSpot Inc. | C | 65/100 | — | 83.8% | 0.3% | -0.59% | $11.71B | /hubs-vs-bsy → |
| FROG JFrog Ltd. | C | 64/100 | — | 76.8% | -7.2% | -9.83% | $11.64B | /frog-vs-bsy → |
In its most recent audited fiscal period (FY2025, filed 2025-12-31), Bentley Systems Incorporated (BSY) reported GAAP revenue of $1.50B (+11.0% vs. FY2024 revenue of $1.35B , and +22.3% cumulative change since FY2023) , GAAP net income of $277.9M, operating cash flow of $538.5M, and free cash flow of $520.2M (+23.5% YoY). On the balance sheet, BSY closed FY2025 with $3.56B in total assets against $1.25B in total debt (Altman Z-Score: 3.64, Piotroski F-Score: 8/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-31 | $1.50B | $277.9M | $538.5M | $520.2M | $3.56B | $1.25B |
| FY2024 (FY) | 2024-12-31 | $1.35B | $234.8M | $435.3M | $421.2M | $3.40B | $1.39B |
| FY2023 (FY) | 2023-12-31 | $1.23B | $326.8M | $416.7M | $361.4M | $6.59B | $1.54B |
As of 2026-11-03, Bentley Systems Incorporated (NASDAQ: BSY) is rated B+ (Buy / BUY) by Roarable's 5-pillar RQD engine with a composite confidence score of 76/100 at a spot price of $42.40 (+3.67% 1D, market cap $12.36B). Pillar breakdown: Fundamental Cash Engine 16/20, Institutional 13F & Options Flow 17/20, SEC Balance-Sheet Forensics 16/20, FRED Macro Regime Fit 14/20, and Executive Insider Alignment 13/20. Across 715 tracked Technology issuers, BSY ranks #31 in composite RQD confidence.
Within the Technology sector (Computer Software: Prepackaged Software), BSY carries a Roarable B+ (76/100 RQD), trailing P/E of 43.1x, gross margin of 81.5%, and ROIC of 12.4%. By comparison, SAIL (SailPoint Inc.) holds a C grade (65/100 RQD, P/E N/A, ROIC -3.6%, cap $12.02B) and PAYC (Paycom Software Inc.) posts a B- grade (70/100 RQD, P/E 25.9x, ROIC 11.7%, cap $11.91B). Among the 5-stock peer group, PAYC leads on earnings multiple (25.9x) while BSY leads on capital efficiency (12.4% ROIC).
Per BSY's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001031308), Bentley Systems Incorporated generated $1.50B in revenue (+11.0% YoY), $277.9M in net income, and $520.2M in free cash flow against $3.56B in total assets and $1.25B in total debt. Key quantitative strengths: Strong cash generator (81.5% gross margin)—profits are backed by real money, not accounting tricks. Primary risk factors monitored: Priced at 43x earnings—high expectations leave less room for a lukewarm quarter. Institutional options positioning shows a 50% call / 50% put premium split.
BSY last traded at $42.40 (+3.67% on volume of 3,763,291 shares), positioning the stock +20.63% above its 50-day simple moving average ($35.15) and +23.40% above its 200-day simple moving average ($34.36). Across its 52-week range of $28.08 to $50.80, BSY sits at the 63.0% percentile with a 14-day RSI of 69.6 (BULLISH MOMENTUM) and an implied next-earnings move of ±6.0% ($39.86 to $44.94).
Bentley Systems Incorporated (BSY) earns a live Roarable RQD composite score of 76/100, corresponding to a B+ letter grade (Roarable Buy) at a spot price of $42.40 (+3.67% 1D, market capitalization $12.36B).
Bentley Systems Incorporated is a NASDAQ-listed issuer in the Technology sector, classified under Computer Software: Prepackaged Software..0B. Per the market data, gross margin is 81.5%, which indicates a software-style revenue model.
In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Bentley Systems Incorporated (BSY) reported $1.50B in annual revenue (up from $1.35B in FY2024, +11.0% YoY) and $277.9M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($1.23B revenue, $326.8M net income) through FY2025, BSY scaled operating cash flow to $538.5M and free cash flow to $520.2M, backed by $3.56B in total assets against $1.25B in total debt.
Sector classification is Technology and industry is Computer Software: Prepackaged Software.
Real-time company headlines, analyst actions, and sector developments for Bentley Systems Incorporated (BSY) • Click "Debate This Headline" to argue it in the Roar Pit below
Yahoo Finance report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
Moomoo report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
TradingView report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
Simply Wall St report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
Stock Titan report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
TradingView report covering Bentley Systems Incorporated (BSY) market action, institutional positioning, and fundamental catalysts.
Don't sleep on BSY's setup in Technology. The RQD cash engine (ROIC 12.4%, FCF yield 4.34%) and Piotroski F-Score of 8/9 show strong cash conversion and improving fundamentals.. Beta of 1.26 means it moves fast when momentum turns, and the 5-pillar RQD gauge (76/100) backs up the fundamental quality.
@MultipleCompression Fair point on 43.1x trailing P/E, but you're ignoring the forward operating leverage in Computer Software: Prepackaged Software. If gross margin (81.5%) holds, EPS grows into the multiple faster than bears think.
Sitting on the sidelines or leaning short BSY above $40.90. A trailing P/E of 43.1 and EV/EBITDA of 34.7 leave the stock exposed to any slowdown, with news flow already citing AI disruption fears.. Until Fundamental Cash Engine (16/20) and FCF yield (4.34%) inflect higher, upside is capped near $50.52.
To protect compute speed and zero-delay Cboe BZX data quality for active members, our current $9.95/month Roarable Pro cohort is 100% full. Join the priority waiting list below and we will notify you the moment the next batch of Pro accounts opens (and lock in your $9.95/mo rate).
Link your personal ChatGPT, Claude Desktop, or Cursor via Roarable's Model Context Protocol (`mcp.roarable.com`) to query all 5,289 stocks, inspect Butterfly supply chains, and trade your `$100K Arena` account.
Interrogate SEC 10-K/10-Q filings on demand and ask custom ticker, valuation, or short-thesis questions directly to any of our 8 specialized AI Quant Analysts.
Command our AI agents to sort and sift 5,289 stocks by custom formulas, follow multi-indicator technical & cash-flow setups, and send you instant Email/SMS breakout & downgrade alerts.
Unlock sub-second Cboe BZX streaming quotes, pre-market/after-hours delta scanners, instant SEC Form 4 insider cluster alerts, and unlimited portfolio stress-testing.
All 8 Roarable Analysts (Mara Quenwick, Gideon Ashmere, Ellis Vennor, Tessa Rookmere, Soren Halewick, Iona Brackenford, Nadia Vellacrest, and Felix Orven) are proprietary AI Quant Analysts and automated algorithmic specialists — not human financial advisors, fiduciaries, or registered broker-dealers. While one-to-many daily stock ratings and briefings are free, custom 1-on-1 Q&A, custom AI sifting/indicator alert agents, and personal ChatGPT/Claude MCP connections consume dedicated per-user compute and require a $9.95/month Roarable Pro membership. All AI outputs are for educational and research purposes only and never constitute individualized investment advice.
Enter your first name and email address below for instant 1-step account activation, daily A–E stock rating alerts, and immediate access to your $100,000.00 Virtual Cash Arena account (100% free — no credit card required).
Your $100,000 Virtual Cash Trading Account is active! Add your mobile number below if you want our #1 Weekly Quant Top Pick plus urgent breaking market alerts & SEC Form 4 CEO cluster-buy flashes sent straight to your phone: