BENTLEY SYSTEMS INC (BSY) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 193.22% of current shares
Recent Dilution: 0% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
12M
Potential Supply
22M
Additional shares possible
Splits
None
Past 2 years

Summary

BSY currently has 11.5M outstanding shares. with significant dilution risk as 22.3M authorized shares could dilute existing holders by 193.2%. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 11.5M shares outstanding

12M 22M
Nov 05, 2025

10-Q filing | 11.5M shares outstanding

12M 22M
Aug 06, 2025

10-Q filing | 11.5M shares outstanding

12M 22M
May 07, 2025

10-Q filing | 11.5M shares outstanding

12M 22M
Feb 26, 2025

10-K filing | 11.5M shares outstanding

12M 22M
Nov 07, 2024

10-Q filing | 11.5M shares outstanding

12M 22M
Aug 06, 2024

10-Q filing | 11.5M shares outstanding

12M 22M
May 07, 2024

10-Q filing | 11.5M shares outstanding

12M 22M
Feb 27, 2024

10-K filing | 11.5M shares outstanding

12M 22M
Nov 07, 2023

10-Q filing | 11.6M shares outstanding

12M 22M
Aug 08, 2023

10-Q filing | 11.6M shares outstanding

12M 22M
May 09, 2023

10-Q filing | 11.6M shares outstanding

12M 22M
Feb 28, 2023

10-K filing | 11.6M shares outstanding

12M 22M
Nov 08, 2022

10-Q filing | 11.6M shares outstanding

12M 22M
Aug 09, 2022

10-Q filing | 11.6M shares outstanding

12M 22M
May 10, 2022

10-Q filing | 11.6M shares outstanding

12M 22M
Mar 01, 2022

10-K filing | 11.6M shares outstanding

12M 22M
Nov 09, 2021

10-Q filing | 11.6M shares outstanding

12M 22M
Aug 10, 2021

10-Q filing | 11.6M shares outstanding

12M 22M
May 11, 2021

10-Q filing | 11.6M shares outstanding

12M 22M
Mar 17, 2021

8-K filing: Bentley Systems, Incorporated purchased all of the issued share capital of Seequent Holdings Limited in exchange for $900 million in cash and 3,141,361 shares of the Company's class B common stock.

12M 22M
Mar 02, 2021

10-K filing | 11.6M shares outstanding

12M 22M
Nov 17, 2020

8-K filing: Bentley Systems, Incorporated completed an offering of 10,000,000 shares of Class B common stock, with 8,103,965 shares issued and sold by the Company and 1,896,035 shares sold by existing stockholders, at a public offering price of $32.00 per share. The underwriters also fully exercised their option to purchase an additional 1,500,000 shares of Class B Common Stock from the Company. ($295.8M proceeds)

N/A 22M
Nov 10, 2020

10-Q filing | 11.6M shares outstanding

12M 22M
Nov 10, 2020

S-1 filing: The filing is an S-1 form indicating an offering of Class B Common Stock by Bentley Systems and selling stockholders.

N/A 22M
Sep 25, 2020

8-K filing: Existing stockholders sold 12,360,991 shares of Common Stock in an initial public offering at a price of $22.00 per share, and the company's Amended and Restated Certificate of Incorporation became effective, authorizing 100,000,000 shares of Class A common stock, 1,800,000,000 shares of Class B common stock and 100,000,000 shares of preferred stock. ($271.94M proceeds)

N/A 11M
Sep 22, 2020

S-1/A filing: Initial public offering of 10,750,000 shares of Class B common stock by selling stockholders. The initial public offering price per share is estimated to be between $19.00 and $21.00.

N/A 11M
Sep 15, 2020

S-1/A filing: This is an S-1/A filing for an initial public offering of Class B common stock, with a proposed offering size of 10,750,000 shares and an estimated price range between $17.00 and $19.00 per share.

N/A 11M
Aug 21, 2020

S-1 filing: This is an S-1 filing for Bentley Systems, Incorporated, concerning the offering of Class B common stock by selling stockholders.

N/A 0
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