Mission Statement, Vision, & Core Values of Bentley Systems, Incorporated (BSY)

You're looking beyond the latest quarterly earnings to understand the bedrock of a company like Bentley Systems, Incorporated, and that's a smart move. Their Mission Statement, Vision, and Core Values are the strategic compass guiding their operations, especially as they project a full-year 2025 revenue outlook between $1,461 million and $1,490 million. This isn't just about selling software; it's about their purpose: empowering people to design, build, and operate better and more resilient infrastructure through intelligent digital twin solutions (digital twins are virtual replicas of physical assets). Do you know which core value is most critical to maintaining their Annual Recurring Revenue (ARR) of over $1.405 billion as of September 30, 2025, and what that signals about their customer relationships? A company's principles tell you where their capital is defintely going next.

Bentley Systems, Incorporated (BSY) Overview

You're looking for a clear, no-nonsense view on Bentley Systems, Incorporated (BSY), and the takeaway is simple: this company is the bedrock software provider for the world's infrastructure, and its subscription model is delivering predictable, double-digit growth. They are not chasing every software market; they are focused squarely on the $29.8 billion infrastructure engineering total addressable market (TAM).

Bentley Systems started back in 1984 in Exton, Pennsylvania, founded by the Bentley brothers-Keith, Barry, and Raymond-engineers building software for other engineers. Their core business is providing software and services for the entire lifecycle of infrastructure assets: think roads, bridges, rail, water, and utility networks. They help design, build, and operate these massive, complex projects.

Their product ecosystem is built around a few key platforms. The big three are MicroStation for 3D modeling, ProjectWise for project collaboration, and AssetWise for asset performance. They are heavily invested in the digital twin space, which is the hot trend right now, using their iTwin platform to create a virtual replica of a physical asset to simulate and manage it. This is defintely where the future of infrastructure management is headed.

For the full year 2025, the company's financial outlook projects total revenues to land in the range of $1,461 million to $1,490 million. That's a strong, steady revenue stream built on a loyal customer base of engineering firms and owner-operators worldwide.

Here's the quick math on their core offerings:

• MicroStation: Core CAD/BIM design and modeling.
• ProjectWise: Manages project data and collaboration for distributed teams.
• AssetWise: Focuses on operational performance and maintenance.
• Digital Twin/Cesium: Key for 3D geospatial and infrastructure AI.

2025 Financial Performance: Subscription Strength

The latest financial report, covering the second quarter of 2025, shows the resilience of their business model. Total revenues for Q2 2025 were $364.1 million, marking a 10.2% increase year-over-year. For the first six months of 2025, total revenues reached $734.6 million. This performance is critical because it's driven by recurring income, which is what analysts like me love to see.

Subscription revenue is the main product sale, and it's the backbone of their growth. For the first half of 2025, subscription revenues were $675.8 million, an increase of 11.8% year-over-year. In Q2 2025 alone, subscriptions accounted for approximately 91% of total revenue, totaling $333.5 million. That high percentage of recurring revenue gives the company significant stability against market volatility.

The growth in markets is best measured by Annual Recurring Revenue (ARR), which hit $1,379.2 million as of June 30, 2025. That's an 11.5% constant currency growth rate, which is right in line with their full-year 2025 constant currency ARR growth projection of 10.5% to 12.5%. Also, their dollar-based net retention rate was 109% in Q2 2025, meaning existing customers are spending more year after year. That's a sign that their products are sticky and provide increasing value.

A Leader in Infrastructure Engineering Software

Bentley Systems is a definitive leader in the infrastructure engineering software space, not just a niche player. They compete directly with giants like Autodesk, but their specialized focus gives them an edge in civil, structural, and plant disciplines. They've built a reputation as the partner of choice for complex, large-scale infrastructure projects.

Their leadership is validated by the industry's recognition, like the annual Going Digital Awards, which in October 2025 celebrated nearly 250 project nominations from organizations in 47 countries for their innovative use of Bentley software. This isn't just marketing; it's proof that their software is driving real-world, groundbreaking infrastructure improvements.

The company is well-positioned to capitalize on the global push for infrastructure investment and the increasing need for digital transformation. They are helping engineers do more with less, which is the ultimate productivity play. To understand the institutional conviction behind this company, you should explore Exploring Bentley Systems, Incorporated (BSY) Investor Profile: Who's Buying and Why?

Bentley Systems, Incorporated (BSY) Mission Statement

You're looking at Bentley Systems, Incorporated (BSY) right now, trying to figure out if their strategic roadmap aligns with their financial performance. The mission statement is your true north here; it's not just corporate fluff. It guides every product decision and investment, which is why it ties directly into their 2025 financial outlook, projecting total revenues between $1,481 million and $1,510 million in constant currency.

The company's mission is clear: Breaking Down Bentley Systems, Incorporated (BSY) Financial Health: Key Insights for Investors, it is to 'We empower people to design, build, and operate better and more resilient infrastructure through the adoption of our intelligent digital twin solutions.' This is a three-part mandate, and understanding each component shows you where their capital expenditures-forecasted at approximately $20 million for 2025-are actually going. It's all about disciplined, targeted growth.

Component 1: Empowering People

This part of the mission focuses on the user-the engineers, architects, and constructors-who are the lifeblood of the infrastructure world. Bentley Systems knows its success hinges on making their users more productive. This isn't just a nice idea; it's a driver for recurring revenue. The company expects subscription revenue growth to be between 10.5% and 12.5% in constant currency for 2025, which shows strong user adoption and retention.

To be fair, empowering people means giving them better tools to connect their data. That's why the launch of Bentley Infrastructure Cloud Connect, going generally available in December 2025, is a big deal. It provides a unified, connected data environment, helping project stakeholders avoid costly missteps and save millions in potential rework. This makes the software defintely sticky.

• Give users connected data.
• Drive strong subscription growth.
• Reduce project rework costs.

Component 2: Better and More Resilient Infrastructure

The second component is about the outcome: infrastructure that lasts longer and handles modern challenges like climate change. This is where the company's focus on sustainability becomes a key differentiator, not just a marketing point. Here's the quick math: better infrastructure means fewer failures, which translates to lower long-term operating costs for their owner-operator clients.

Bentley Systems was recognized with multiple 2025 Sustainability Delivery Awards, specifically for their Carbon Analysis capabilities within the iTwin Experience platform. This feature lets engineers easily visualize and quantify embodied carbon, helping them rapidly explore alternatives for better, lower-carbon designs. This commitment to quality and resilience is a core reason why the Adjusted Operating Income margin, inclusive of stock-based compensation (SBC), is forecasted to expand to approximately 28.5% in 2025. They are selling high-value solutions.

Still, achieving true resilience requires constant innovation against new threats, so their margin expansion is tied to continuous R&D investment.

Component 3: Intelligent Digital Twin Solutions

This is the technology core of the mission, the 'how' behind the 'what.' Intelligent digital twins are virtual representations of physical assets that enable real-time monitoring and predictive analysis. This is where the company is focusing its strategic investments for future growth, particularly in areas like AI and asset analytics.

For example, the partnership with EARTHBRAIN Co. Ltd., announced in late 2025, integrates AI-powered digital twin technology directly into construction workflows. This move solidifies their push for higher-margin recurring revenue streams by making their software indispensable throughout the entire asset lifecycle. The market is recognizing this value, with Free Cash Flow for 2025 expected to land between $415 million and $455 million. That kind of cash generation shows a business model that is highly efficient and built on a powerful, future-proof technology foundation.

The focus on digital twins is not just a trend; it's a structural shift in how infrastructure is managed.

Your next step should be to cross-reference this mission with the company's recent Q3 2025 revenue of $375.55 million to confirm that their execution is on track with their strategic narrative.

Bentley Systems, Incorporated (BSY) Vision Statement

You're looking for the bedrock of Bentley Systems, Incorporated (BSY), the 'why' behind the engineering software giant. The Vision Statement isn't just corporate fluff; it's the strategic compass that guides their product roadmap, M&A activity, and ultimately, your investment thesis. It's what tells us where they plan to be in five years, and how they'll get there.

The core takeaway is this: Bentley Systems is laser-focused on being the definitive leader in the infrastructure digital twin space. This vision maps directly to their financial performance, where recurring subscription revenue is the key metric, and it's why we see them prioritizing cloud-based offerings and strategic acquisitions.

Here's the quick math on why this matters: In the 2025 fiscal year, BSY's subscription revenue is projected to hit an annual run rate of around $1.38 billion, representing roughly 88% of their total expected revenue of $1.57 billion. That sticky, predictable revenue stream is a direct result of their vision to embed their software into the entire lifecycle of infrastructure assets.

If you want a deeper dive into the numbers, you can check out Breaking Down Bentley Systems, Incorporated (BSY) Financial Health: Key Insights for Investors.

Leading the Infrastructure Digital Twin Revolution

Bentley Systems' vision is to be the leader in providing and sustaining infrastructure digital twins (a virtual representation of a physical asset, like a bridge or a water network). This isn't just about 3D modeling; it's about integrating real-time data from sensors and IoT devices with engineering models to manage performance and predict maintenance needs. It's a huge, defintely multi-trillion-dollar market opportunity.

The company's strategy here translates to clear actions. They are heavily investing in their iTwin Platform, which is the engine for these digital twins. For example, their focus on cloud adoption is paying off, with cloud subscription revenue growth outpacing overall growth. This platform is what enables a state Department of Transportation to model the impact of a major storm on 5,000 miles of highway before it even hits, saving millions in reactive repairs.

• Integrate design, construction, and operations data.
• Drive predictive maintenance for critical assets.
• Monetize real-time data streams from physical infrastructure.

What this estimate hides is the slow pace of digital transformation in some public sector entities, but still, the long-term trend is undeniable.

Empowering Users with Comprehensive Solutions

A vision needs to be user-centric, and Bentley Systems achieves this by focusing on comprehensive, integrated solutions across the entire infrastructure lifecycle. They aren't selling point solutions; they are selling a connected ecosystem. This is why their product portfolio spans from design and modeling (like MicroStation) to construction management and operations.

This comprehensive approach is a major competitive moat. For a large engineering firm, consolidating their software spend with a single vendor who offers a seamless workflow is a massive efficiency gain. It's a classic 'land and expand' model. Once a user is on the platform for design, it's much easier to sell them the operational asset performance management tools. This is a key driver for their high retention rates, which hover around the 98% mark for their top accounts.

To be fair, integrating all those acquired technologies is a constant challenge, but the value proposition of a single pane of glass for all infrastructure data is powerful. That's why their R&D spend remains high, projected at over $150 million for 2025, to ensure that seamless integration.

Driving Sustainable Global Development

The final pillar of their vision ties their business success to a larger global imperative: sustainability. Infrastructure is responsible for a huge chunk of global resource consumption and emissions. By providing tools that optimize design, construction, and operation, Bentley Systems positions itself as an enabler of greener infrastructure.

Think about water loss. Globally, non-revenue water (water that is produced but lost before it reaches the customer) is a massive problem. BSY's OpenFlows software helps utilities model and minimize leaks, directly contributing to water conservation. This isn't just good PR; it's a smart business move because governments and private firms are increasingly mandated to prioritize Environmental, Social, and Governance (ESG) factors in their spending.

So, when a major city mandates a 15% reduction in energy use for all new municipal buildings, the engineering firms using BSY's digital twin tools have a competitive advantage. This focus on sustainability aligns them with long-term capital flows, making them a more resilient investment. It's a classic win-win.

Bentley Systems, Incorporated (BSY) Core Values

You're looking at Bentley Systems, Incorporated (BSY) because you know infrastructure is a long-term play, but you need to see the principles guiding their strategy. Honestly, a company's core values aren't just HR fluff; they map directly to execution and, ultimately, financial predictability. Bentley Systems' values-Innovative, Responsible, Connected, and Passionate-aren't abstract ideas; they are the operational levers driving their digital twin solutions.

The company's mission is clear: to empower people to design, build, and operate better and more resilient infrastructure through the adoption of intelligent digital twin solutions. This focus on long-term asset performance, not just project completion, is what makes their recurring revenue so strong. For the 2025 fiscal year, the company forecasts total revenues in the range of $1,461 million to $1,490 million, which is a solid, predictable growth trajectory built on these core tenets. If you want a deeper dive into the investor base, you should check out Exploring Bentley Systems, Incorporated (BSY) Investor Profile: Who's Buying and Why?

Innovative

Innovation is central to Bentley Systems, showing up in their product development and their financial model. It's what allows them to target a constant currency Annual Recurring Revenue (ARR) growth rate of 10.5% to 12.5% in 2025. They aren't just updating old software; they are fundamentally changing how engineers work, and that requires constant, deliberate investment in new technology.

You see this commitment most clearly in their push into Artificial Intelligence (AI) and digital twins (virtual representations of physical assets). At their Year in Infrastructure 2025 conference, they announced new infrastructure AI capabilities, not as a gimmick, but as a way to 'democratize' AI for all engineering firms. They're also putting their capital where their mouth is, focusing on acquisitions in asset analytics to enhance their platform.

• Launched iTwin Engage for immersive digital twin viewing.
• Formed the Infrastructure AI Co-Innovation Initiative to evolve APIs.
• Partnered with EARTHBRAIN Co. Ltd. to integrate AI into Smart Construction.

That last point is key: they're not just building the tools; they're collaborating to embed them in real-world construction workflows. That's a defintely smart way to drive adoption.

Responsible

Being responsible means more than just financial prudence; it means ethical data handling and a commitment to sustainability-the long-term health of the world's infrastructure. This value underpins their efforts to expand their adjusted operating income margin by 100 basis points per year, showing a responsible approach to operational efficiency.

In a world of increasing data scrutiny, Bentley Systems takes a firm stance on data stewardship. They are very clear: their users' data is their data. To back this up, they created a Data Agreement Registry in 2025, which provides visibility into how client data is used for AI model training, ensuring explicit permission is required. This ethical framework addresses the principal caution engineering executives have about AI adoption.

Their commitment to resilient infrastructure is also evident in their sustainability work, which earned them multiple 2025 Sustainability Delivery Awards.

• Won the Digital Innovation Award for Carbon Analysis in iTwin Experience.
• Partnered with SABESP on the Integra 4.0 project for sustainable water modernization in Brazil.

They're not just selling software; they are actively helping clients reduce embodied carbon and enhance utility resilience.

Connected

The value of being 'Connected' is about collaboration-internally across their global footprint and externally with their users and partners. This value is the engine behind their shift to a consumption model, which is a direct connection between their value delivery and your usage. Two-thirds of their business is now transitioning enterprise accounts to the E365 consumption subscription model. This model fosters a deeper connection by aligning their revenue with your actual, daily product usage.

This connectivity extends to future workforce development, too. In September 2025, Bentley Systems signed the White House's Pledge to America's Youth: Investing in Artificial Intelligence (AI) Education. This initiative provides no-cost software and AI-focused curriculum to equip the next generation of American innovators, ensuring the industry has a pipeline of skilled professionals who can use their complex tools. It's a smart long-term investment in their user base.

Passionate: Motivated to Make an Impact

The final value is 'Passionate,' which Bentley Systems translates into being 'Motivated to Make an Impact' on the quality of life through infrastructure. This passion is what drove their 2024 subscription revenues to $1,223.4 million, a 13.2% increase over 2023, because users are passionate about the amazing things they do with the software. They are committed to their users' success.

You see this passion in their focus on asset analytics, which they expect to be a major growth driver for 2026 and beyond. They charge per asset per mile or per asset per year for these analytics solutions, directly linking their financial success to the tangible performance of the infrastructure assets their clients manage. This isn't just a software sale; it's a partnership in optimizing maintenance and longevity.

Here's the quick math: if their software helps a Department of Transportation optimize maintenance on a bridge, that saves taxpayer money and improves public safety. That's a real-world impact.