Bentley Systems Files 8-K on Financial Results and Operations

TL;DR

**Bentley Systems just filed a routine 8-K about their financial results, so keep an eye out for the full report details.**

AI Summary

Bentley Systems, Incorporated filed a Form 8-K on February 27, 2024, to report on its "Results of Operations and Financial Condition" and "Financial Statements and Exhibits." This regulatory filing, under SEC File Number 001-39548, indicates the company's compliance with Section 13 or 15(d) of The Securities Exchange Act of 1934. The document was filed from its principal executive offices in Exton, Pennsylvania.

Why It Matters

This filing signals Bentley Systems' adherence to regulatory disclosure requirements regarding its financial performance. Investors will look to the full 8-K content for detailed financial updates and insights into the company's health.

Risk Assessment

Risk Level: low — This 8-K is a standard regulatory disclosure and does not inherently indicate a specific risk, but rather a notification of upcoming financial information.

Key Players & Entities

• BENTLEY SYSTEMS, INCORPORATED (company) — registrant
• SEC (company) — regulatory body
• Delaware (company) — state of incorporation
• Exton, Pennsylvania (company) — principal executive offices location

FAQ

Key Financial Figures

• $0.01 — which registered Class B Common Stock, $0.01 Par Value BSY The Nasdaq Stock Market L

Filing Documents

• bsy-20240227.htm (8-K) — 30KB
• a23q4exhibit991.htm (EX-99.1) — 372KB
• a23q4exhibit992.htm (EX-99.2) — 27KB
• bentleylogo_blkxcomplete.jpg (GRAPHIC) — 46KB
• 0001031308-24-000001.txt ( ) — 644KB
• bsy-20240227.xsd (EX-101.SCH) — 2KB
• bsy-20240227_lab.xml (EX-101.LAB) — 23KB
• bsy-20240227_pre.xml (EX-101.PRE) — 12KB
• bsy-20240227_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On February 27, 2024 , Bentley Systems, Incorporated (the "Company") issued a press release announcing its financial results for the three months and year ended December 31, 2023. A copy of the release is furnished as Exhibit 99.1 and incorporated by reference herein. During the fourth quarter of 2023, the Company changed its definitions of constant currency and constant currency growth rates. In reporting periodoverperiod results, the Company calculates the effects of foreign currency fluctuations and constant currency information by translating current period results on a transactional basis to our reporting currency using prior period average foreign currency exchange rates in which the transactions occurred. The Company's prior definition of constant currency calculated the effects of foreign currency fluctuations and constant currency information by translating current period results of its subsidiaries from their functional currencies to the Company's reporting currency by using prior period average foreign currency exchange rates in reporting periodoverperiod results. Constant currency and constant currency growth rates presented in Exhibit 99.1 were calculated on the current basis unless otherwise noted. For comparative purposes, the Company presented the reconciliations of constant currency nonGAAP financial measures to their most directly comparable GAAP financial measures under the current and prior definitions. Exhibit 99.2 sets forth the reasons the Company believes that presentation of the non-GAAP financial measures contained in the press release provides useful information to investors regarding the Company's results of operations and financial condition. To the extent material, Exhibit 99.2 also discloses the additional purposes, if any, for which the Company's management uses these non-GAAP financial measures. Reconciliations of these non-GAAP financial measures to their most directly comp

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release dated February 27, 2024 99.2 Explanation of Non-GAAP and Other Financial Measures 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Bentley Systems, Incorporated Date: February 27, 2024 By: /s/ W ERNER A NDRE Name: Werner Andre Title: Chief Financial Officer and Chief Accounting Officer

View Full Filing

View this 8-K filing on SEC EDGAR