Bentley Systems (BSY) Research & Development (2019 - 2026)
Bentley Systems (BSY) reported Research & Development of $83.0 million for Q1 2026, up 14.57% year-over-year from $72.4 million in Q1 2025, and up 2.49% quarter-over-quarter from $81.0 million in Q4 2025.
Bentley Systems (BSY) Research & Development (2019 - 2026) Analysis & Trends
Bentley Systems (BSY) has 8 years of Research & Development data on file, last reported at $83.0 million in Q1 2026.
- Research & Development for Q1 2026 came in at $83.0 million, up 14.57% year-over-year; the trailing twelve-month figure through Mar 2026 was $318.1 million (up 11.5% YoY), and the FY2025 annual result was $307.6 million, up 9.36% from the prior year.
- Research & Development improved to $83.0 million in Q1 2026 per BSY's latest filing, from $81.0 million in the prior quarter.
- Over five years, Research & Development peaked at $83.0 million in Q1 2026 and troughed at $61.3 million in Q1 2022.
- A 5-year average of $70.8 million and a median of $70.1 million in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2024: Research & Development climbed 28.18% in 2022, then slipped 6.29% in 2024.
- A 5-year view of Research & Development shows it stood at $67.9 million in 2022, then climbed by 4.93% to $71.2 million in 2023, then increased by 8.23% to $77.1 million in 2024, then gained by 5.05% to $81.0 million in 2025, then rose by 2.49% to $83.0 million in 2026.
- Business Quant data shows BSY's Research & Development at $83.0 million in Q1 2026, $81.0 million in Q4 2025, and $78.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -37.02 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 437.00 Mn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 1.63 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 508.44 Mn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 823.00 Mn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 1.20 Bn |
| 10 | Bentley Systems | 9.52 Bn | 9.41 Bn | 350.41 Mn | 83.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 83.01 Mn |
| Dec 31, 2025 | 80.99 Mn |
| Sep 30, 2025 | 78.75 Mn |
| Jun 30, 2025 | 75.39 Mn |
| Mar 31, 2025 | 72.45 Mn |
| Dec 31, 2024 | 77.10 Mn |
| Sep 30, 2024 | 70.07 Mn |
| Jun 30, 2024 | 65.71 Mn |
| Mar 31, 2024 | 68.37 Mn |
| Dec 31, 2023 | 71.24 Mn |
| Sep 30, 2023 | 65.47 Mn |
| Jun 30, 2023 | 70.12 Mn |
| Mar 31, 2023 | 67.80 Mn |
| Dec 31, 2022 | 67.89 Mn |
| Sep 30, 2022 | 63.83 Mn |
| Jun 30, 2022 | 64.87 Mn |
| Mar 31, 2022 | 61.27 Mn |
| Dec 31, 2021 | 63.00 Mn |
| Sep 30, 2021 | 57.33 Mn |
| Jun 30, 2021 | 52.78 Mn |