Risk factors
Bentley Systems (BSY) risk factors
Item 1A of every Bentley Systems Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors32 risks1 new9 reworded
Artificial intelligence risks were reframed around embedding data-centric capabilities across infrastructure sectors. Convertible notes risks were updated to reflect the maturity and retirement of the 2026 Notes, leaving only the $575 million 2027 Notes. Channel partner revenue contribution ticked down from 7-8% to 6-8%. APAC including China revenue exposure remains at approximately 18%.
Filed Feb 26, 2026 - FY2024 10-K risk factors31 risks
International infrastructure software sales drive our revenue, exposing us to foreign currency, APAC market trends, and long project timelines.
Filed Feb 26, 2025