Core Insights - Bentley Systems, Incorporated (NASDAQ:BSY) demonstrated steady growth and shareholder returns, supported by solid Q3 2025 results and new capital-allocation commitments [2]. Financial Performance - In Q3 2025, Bentley Systems reported a revenue increase of 12% year-over-year, reaching $375.5 million, driven by a 13.5% growth in subscription revenues and a 10.5% increase in Annual Recurring Revenue (ARR) on a constant-currency basis [4]. - The company achieved an operating margin of 22.5% and generated free cash flow of $110.7 million during the same quarter [4]. Shareholder Returns - On November 21, 2025, Bentley Systems declared a quarterly dividend of $0.07 per share for Q4 2025, payable on December 11 [3]. - The company expanded its stock repurchase program, authorizing the repurchase of up to $500 million in Class B shares and convertible notes, replacing the previous authorization set to expire in mid-2026 [3]. Strategic Initiatives - Management emphasized the increasing role of AI in Bentley's long-term strategy, highlighting new Infrastructure AI capabilities introduced at the Year in Infrastructure Conference [5]. - The company remains optimistic about future growth, citing strong pipelines, diversified demand, and expanding AI-driven consumption models as key growth drivers [5]. Business Overview - Bentley Systems provides engineering software and digital twin solutions, aiding global infrastructure professionals in designing, building, and managing resilient assets across various sectors [6].