XNAS • Technology

Bentley Systems, Incorporated (BSY)

SERVICES-PREPACKAGED SOFTWARE · 685 STOCKTON DRIVE, EXTON, PA, 19341

XNASstockActive listing
36.73
+1.36 (+3.85%)
Quote updated 10/19/2026, 4:00:00 AM
Previous close35.37
Open35.22
Day range35.11 – 36.85
52-week range28.08 – 52.85
Volume1,864,900
Market cap10.52B
PRICE HISTORY

Stock price history and performance

Daily closing prices from the stored market history.

250 sessions
$54$47$40$33$27Oct 21Apr 21Oct 19
STOCK RESEARCH · EDITORIAL ANALYSIS

Bentley Systems, Incorporated (BSY): Investment Research & Business Outlook

A research-led explanation of the company, its financial evidence, valuation context and risks—not just a list of market numbers.

Research note

What the available evidence tells us

The latest stored quote for Bentley Systems, Incorporated (BSY) is 36.73, timestamped 10/19/2026, 4:00:00 AM. A quote is a point-in-time observation; it does not, by itself, explain why the price moved or establish whether the shares are attractive.

Business and financial quality

Bentley Systems is a software vendor that caters to civil engineers, constructors, and geospatial professionals by enabling design, simulation, and data management of infrastructure assets such as roads and bridges. While Bentley is smaller than many other design software companies, it is a market leader across a handful of specialty areas, including public works, electricity grids, and transit. Stored fundamentals include 38 usable headline metrics. These should be read across several reporting periods and compared with peers before drawing a conclusion about business quality.

Valuation: context matters

The stored trailing P/E ratio is 35.21. P/E compares a company’s share price with its earnings, but it should be interpreted alongside expected growth, earnings quality, cyclicality and comparable companies.

Price trend and quantitative outlook

The chart is based on 250 stored daily price observations. Historical performance describes what happened over that period; it is not a guarantee of future returns. The current stored quantitative model signal is “neutral”. Treat model outputs as scenarios with uncertainty, not as certain targets or personalized advice.

Key risks and what to watch next

Risk records exist for this company; review the risk and performance section below for the available volatility, drawdown and risk-adjusted measures. The next useful evidence to review is the company’s next reported financial results, changes in forward estimates, and primary-source disclosures.

Editorial integrity: this summary uses fields available in the current database. Missing evidence is called out rather than filled with invented facts.

What the numbers mean for investors

Business quality

Reported revenue growth is +12.80%. Growth is encouraging, but investors should confirm it is recurring and understand what product, geography or customer group is driving it.

Profitability

Gross margin is +81.99% and operating margin is +21.57%. The gap helps show how much operating costs absorb after direct costs; compare the trend with prior periods and sector peers.

Valuation

The stored P/E is 35.21. A multiple is not a verdict by itself: interpret it alongside expected earnings growth, cyclicality, cash flow, and comparable companies.

Price trend

The latest quote can be compared with the 20-, 50- and 200-day moving averages (33.77, 34.30, and 34.33). Moving averages describe trend, not intrinsic value, and can lag sudden market changes.

Bull case, bear case and evidence to watch

Bull case

The stored snapshot combines positive revenue growth with positive free cash flow. If future reports sustain both, it would support—but not guarantee—the case for durable business momentum.

Bear case

The stored P/E of 35.21 means expectations matter: a slowdown, weaker margins or downward earnings revisions could pressure the valuation.

What to watch next

Track the next earnings release, changes in revenue and margin trends, cash flow, management guidance, analyst estimate revisions, and primary-source filings. Update the thesis when new evidence arrives rather than relying on one ratio or forecast.

These interpretations are rule-based explanations of the stored fields, not independently verified company-specific forecasts. Missing data is not treated as zero; all investment cases remain conditional on new evidence.

US Market AI Research Desk · Data/research timestamp: Oct 19, 2026 · Methodology & disclaimer
QUANTITATIVE RESEARCH

Stock forecast and analysis: price outlook

Forecasts are model outputs, not promises or personalized investment advice.

neutral
HorizonModel targetExpected changeSignalConfidence score
24H37.00+0.74%neutral82
7D37.75+2.77%bullish82
30D39.46+7.43%bullish82
90D42.10+14.62%bullish82

Long-term model scenarios

Latest stored scenario per future target year. Bear, base and bull prices are model scenarios, not guaranteed targets. The relative model score is not a calibrated probability; uncertainty rises materially for distant years.

Target yearBase caseBear caseBull caseExpected CAGRRelative model scoreSignal
202736.8436.7836.904.8%74long-term-positive
203042.0041.0642.954.55%73long-term-positive
203551.3247.0055.984.3%71long-term-positive
204062.1752.5873.374.16%69long-term-positive
205091.0465.39126.204.05%64long-term-positive
COMPANY FUNDAMENTALS

Financial performance and company fundamentals

Reported fields from the current fundamentals snapshot.

Revenue410.73MTotal sales reported for the period; compare growth across several periods.
Revenue growth+12.80%How quickly sales are expanding or contracting versus the comparison period.
Gross profit336.74MInterpret alongside the company’s history, sector peers, reporting period and data source.
Operating income88.61MInterpret alongside the company’s history, sector peers, reporting period and data source.
Net income78.52MInterpret alongside the company’s history, sector peers, reporting period and data source.
EPS (reported period)0.25Earnings per share for the stored reporting period; confirm whether the figure is quarterly, annual or trailing twelve months before comparing it with valuation multiples.
EPS growth+13.64%Interpret alongside the company’s history, sector peers, reporting period and data source.
Gross margin+81.99%Share of revenue left after direct costs; higher margins can indicate pricing power.
Operating margin+21.57%Share of revenue left after operating expenses, before interest and taxes.
Net margin+19.12%Share of revenue that remains as profit after expenses and taxes.
EBITDA247.06MInterpret alongside the company’s history, sector peers, reporting period and data source.
EBIT88.61MInterpret alongside the company’s history, sector peers, reporting period and data source.
Cash & equivalents146.98MInterpret alongside the company’s history, sector peers, reporting period and data source.
Total assets3.58BInterpret alongside the company’s history, sector peers, reporting period and data source.
Total liabilities2.38BInterpret alongside the company’s history, sector peers, reporting period and data source.
Total debt0Interpret alongside the company’s history, sector peers, reporting period and data source.
Shareholders equity1.2BInterpret alongside the company’s history, sector peers, reporting period and data source.
Current assets587.89MInterpret alongside the company’s history, sector peers, reporting period and data source.
Current liabilities988.14MInterpret alongside the company’s history, sector peers, reporting period and data source.
Operating cash flow71.51MInterpret alongside the company’s history, sector peers, reporting period and data source.
Capital expenditure7.72MInterpret alongside the company’s history, sector peers, reporting period and data source.
Free cash flow63.8MCash remaining after operating needs and capital expenditure; can support investment or shareholder returns.
FCF margin+15.53%Interpret alongside the company’s history, sector peers, reporting period and data source.
Return on equity+6.53%Profit generated relative to book equity; leverage and one-off gains can distort it.
Return on assets+2.19%Interpret alongside the company’s history, sector peers, reporting period and data source.
Return on invested capital+8.40%How effectively the business earns returns on capital used in operations.
Return on capital employed+3.41%Interpret alongside the company’s history, sector peers, reporting period and data source.
Debt / equity0Debt relative to shareholder equity; definitions may vary by data provider.
PEG ratio2.82Interpret alongside the company’s history, sector peers, reporting period and data source.
Price / sales27.17Interpret alongside the company’s history, sector peers, reporting period and data source.
Price / book9.28Interpret alongside the company’s history, sector peers, reporting period and data source.
EV / revenue26.81Interpret alongside the company’s history, sector peers, reporting period and data source.
EV / EBITDA44.57Interpret alongside the company’s history, sector peers, reporting period and data source.
Price / FCF157.16Interpret alongside the company’s history, sector peers, reporting period and data source.
Earnings yield+2.60%Interpret alongside the company’s history, sector peers, reporting period and data source.
Shares outstanding320,435,795Interpret alongside the company’s history, sector peers, reporting period and data source.
Book value / share3.75Interpret alongside the company’s history, sector peers, reporting period and data source.
FCF / share0.20Interpret alongside the company’s history, sector peers, reporting period and data source.
Market cap10.52BMarket value of outstanding shares, not the same as enterprise value.
P/E ratio35.21Share price relative to earnings per share; interpret alongside growth and peers.
52-week high52.85Highest stored price over the rolling year; not a fair-value estimate.
52-week low28.08Lowest stored price over the rolling year; not a support guarantee.
Average volume1,864,900Typical shares traded; helps assess liquidity but can change around events.
TECHNICALS

Technical indicators

Latest stored daily indicator snapshot; unavailable indicators are omitted.

Oct 20, 2026
RSI (14)58.42Momentum oscillator from 0–100; extreme readings are context, not automatic buy/sell signals.
SMA 2033.77Average closing price over about 20 trading sessions; a short-term trend reference.
SMA 5034.30Average closing price over about 50 sessions; often used to assess medium-term direction.
SMA 10033.25Interpret alongside the company’s history, sector peers, reporting period and data source.
SMA 20034.33Average closing price over about 200 sessions; a longer-term trend reference.
EMA 2034.38Interpret alongside the company’s history, sector peers, reporting period and data source.
EMA 5033.94Interpret alongside the company’s history, sector peers, reporting period and data source.
EMA 20036.55Interpret alongside the company’s history, sector peers, reporting period and data source.
MACD0.64Interpret alongside the company’s history, sector peers, reporting period and data source.
MACD signal0.38Interpret alongside the company’s history, sector peers, reporting period and data source.
MACD histogram0.27Difference between MACD and its signal line; sign and changes indicate momentum shifts.
Bollinger upper37.25Interpret alongside the company’s history, sector peers, reporting period and data source.
Bollinger middle33.77Interpret alongside the company’s history, sector peers, reporting period and data source.
Bollinger lower30.28Interpret alongside the company’s history, sector peers, reporting period and data source.
Stochastic77.14Interpret alongside the company’s history, sector peers, reporting period and data source.
Stochastic signal82.88892361256397Interpret alongside the company’s history, sector peers, reporting period and data source.
Williams %R-22.86Interpret alongside the company’s history, sector peers, reporting period and data source.
CCI65.13Interpret alongside the company’s history, sector peers, reporting period and data source.
MFI66.97Interpret alongside the company’s history, sector peers, reporting period and data source.
ROC+8.43%Interpret alongside the company’s history, sector peers, reporting period and data source.
OBV-35.42MInterpret alongside the company’s history, sector peers, reporting period and data source.
Momentum2.19Interpret alongside the company’s history, sector peers, reporting period and data source.
Volatility+39.26%Interpret alongside the company’s history, sector peers, reporting period and data source.
ATR1.21Average true range estimates recent price movement size, not direction.
ADX45Measures trend strength, not whether the trend is bullish or bearish.
Support level30.36Interpret alongside the company’s history, sector peers, reporting period and data source.
Resistance level36.86Interpret alongside the company’s history, sector peers, reporting period and data source.
TrendneutralInterpret alongside the company’s history, sector peers, reporting period and data source.
REPORTED RESULTS

Financial statements, earnings history and estimate revisions

Recent normalized financial statement records.

Showing up to 60 recent statement records. Reported periods and statement types are preserved; blank values are not estimated. Contradictory zero sentinels are withheld instead of presented as verified facts.

PeriodStatementFiscal periodBasisRevenueCost of revenueGross profitOperating incomeNet incomeBasic EPSDiluted EPSCashTotal assetsTotal liabilitiesDebtEquityOperating cash flowCapexFree cash flowSource
Jun 30, 2026balance sheetFY-2026-Q2quarterly———————146.98M3.58B2.38B01.2B———3spread
Jun 30, 2026cash flowFY-2026-Q2quarterly————————————71.51M7.72M63.8M3spread
Jun 30, 2026cash flowFY-2026-Q2annual————————————264.92M13.27M251.66M3spread
Jun 30, 2026income statementFY-2026-Q2quarterly410.73M—336.74M88.61M78.52M0.250.25————————3spread
Jun 30, 2026income statementFY-2026-Q2annual834.91M-147.76M687.15M214.87M173.86M0.560.55————————3spread
Mar 31, 2026balance sheetFY-2026-Q1quarterly———————105.16M3.52B2.3B01.23B———3spread
Mar 31, 2026cash flowFY-2026-Q1quarterly————————————193.41M5.55M187.86M3spread
Mar 31, 2026income statementFY-2026-Q1quarterly424.18M—350.41M126.26M95.35M0.310.30————————3spread
Dec 31, 2025balance sheetFY-2025-Q4quarterly———————123.28M3.56B2.37B01.19B———3spread
Dec 31, 2025cash flowFY-2025-Q4quarterly————————————141.59M5.42M136.17M3spread
Dec 31, 2025cash flowFY-2025-Q4annual————————————538.46M18.26M520.21M3spread
Dec 31, 2025income statementFY-2025-Q4quarterly391.58M—320.68M78.51M58.67M0.190.18————————3spread
Dec 31, 2025income statementFY-2025-Q4annual1.5B—1.22B362.62M277.79M0.880.85————————3spread
Sep 30, 2025balance sheetFY-2025-Q3quarterly———————165.41M3.46B2.27B01.2B———3spread
Sep 30, 2025cash flowFY-2025-Q3quarterly————————————118.17M5.7M112.47M3spread
Sep 30, 2025income statementFY-2025-Q3quarterly1.11B—903.57M284.11M219.13M0.700.67————————3spread
Jun 30, 2025balance sheetFY-2025-Q2quarterly———————89.65M3.42B2.26B01.16B———3spread
Jun 30, 2025cash flowFY-2025-Q2annual————————————280.5M7.14M273.37M3spread
Jun 30, 2025cash flowFY-2025-Q2quarterly————————————63.15M4.09M59.06M3spread
Jun 30, 2025income statementFY-2025-Q2quarterly364.11M—295.33M84.43M70.5M0.220.22————————3spread
Jun 30, 2025income statementFY-2025-Q2annual734.65M—600.21M199.61M161.84M0.510.50————————3spread
Mar 31, 2025balance sheetFY-2025-Q1quarterly———————83.64M3.4B2.31B01.1B———3spread
Mar 31, 2025cash flowFY-2025-Q1quarterly————————————219.42M3.04M216.37M3spread
Mar 31, 2025income statementFY-2025-Q1quarterly370.54M—304.88M115.18M91.34M0.290.28————————3spread
Dec 31, 2024balance sheetFY-2024-Q4quarterly———————64.01M3.4B2.36B01.04B———3spread
Dec 31, 2024cash flowFY-2024-Q4annual————————————435.29M14.05M421.25M3spread
Dec 31, 2024cash flowFY-2024-Q4quarterly————————————81.63M5.55M76.09M3spread
Dec 31, 2024income statementFY-2024-Q4annual1.35B—1.1B302.15M234.43M0.750.72————————3spread
Dec 31, 2024income statementFY-2024-Q4quarterly349.82M—281.91M61.41M—0.160.15————————3spread
Sep 30, 2024balance sheetFY-2024-Q3quarterly———————72.18M3.4B2.36B01.03B———3spread
Sep 30, 2024cash flowFY-2024-Q3quarterly————————————86.15M1.81M84.34M3spread
Sep 30, 2024income statementFY-2024-Q3quarterly335.17M—270.34M68.63M42.34M0.130.13————————3spread
Jun 30, 2024balance sheetFY-2024-Q2quarterly———————51.28M3.26B2.27B0984.51M———3spread
Jun 30, 2024cash flowFY-2024-Q2quarterly————————————62.63M3.09M59.54M3spread
Jun 30, 2024cash flowFY-2024-Q2annual————————————276.57M6.69M269.88M3spread
Jun 30, 2024income statementFY-2024-Q2annual668.1M—543.08M172.11M142.36M0.450.44————————3spread
Jun 30, 2024income statementFY-2024-Q2quarterly330.34M—267.14M80.18M72.05M0.230.22————————3spread
Mar 31, 2024balance sheetFY-2024-Q1quarterly———————141.6M3.35B2.42B0932.61M———3spread
Mar 31, 2024cash flowFY-2024-Q1quarterly————————————208.38M3.6M204.78M3spread
Mar 31, 2024income statementFY-2024-Q1quarterly337.76M—275.93M91.93M70.31M0.220.22————————3spread
Dec 31, 2023balance sheetFY-2023-Q4quarterly———————68.41M3.32B2.44B0883.98M———3spread
Dec 31, 2023cash flowFY-2023-Q4quarterly————————————87.05M6.1M80.96M3spread
Dec 31, 2023cash flowFY-2023-Q4annual————————————416.7M25M391.69M3spread
Dec 31, 2023income statementFY-2023-Q4annual1.23B—962.33M230.54M326.79M1.051.00————————3spread
Dec 31, 2023income statementFY-2023-Q4quarterly310.64M—242.84M37.77M179.59M0.570.54————————3spread
Sep 30, 2023balance sheetFY-2023-Q3quarterly———————66.96M3.13B2.44B0692.16M———3spread
Sep 30, 2023cash flowFY-2023-Q3quarterly————————————334.86M18.91M315.95M3spread
Sep 30, 2023income statementFY-2023-Q3quarterly306.61M—241.94M73.68M53.03M0.170.16————————3spread
Jun 30, 2023balance sheetFY-2023-Q2quarterly———————82.72M3.16B2.52B0643.77M———3spread
Jun 30, 2023cash flowFY-2023-Q2quarterly————————————80.71M6.97M73.75M3spread
Jun 30, 2023cash flowFY-2023-Q2annual————————————261.97M11.25M250.72M3spread
Jun 30, 2023income statementFY-2023-Q2quarterly296.75M—230.32M53.31M48.69M0.160.15————————3spread
Jun 30, 2023income statementFY-2023-Q2annual611.16M—477.55M119.09M94.18M0.300.29————————3spread
Mar 31, 2023balance sheetFY-2023-Q1quarterly———————93.57M3.19B2.57B0614.19M———3spread
Mar 31, 2023cash flowFY-2023-Q1quarterly————————————181.26M4.28M176.97M3spread
Mar 31, 2023income statementFY-2023-Q1quarterly314.41M—247.23M65.79M45.49M0.150.14————————3spread
Dec 31, 2022balance sheetFY-2022-Q4quarterly———————71.68M3.17B2.59B0573.45M———3spread
Dec 31, 2022cash flowFY-2022-Q4annual————————————274.32M18.55M255.78M3spread
Dec 31, 2022cash flowFY-2022-Q4quarterly————————————43.63M5.56M38.06M3spread
Dec 31, 2022income statementFY-2022-Q4annual1.1B—862.07M208.61M174.78M0.570.55————————3spread

Financial metric history

PeriodRevenue growthGross marginOperating marginNet marginROEROIC
Jun 30, 2026+12.80%+81.99%+21.57%+19.12%+6.53%+8.40%

Earnings history

These are SEC-reported financial facts grouped by fiscal period. The displayed date is the SEC filing/observation date, not a verified earnings announcement or release date. Use the company’s investor-relations calendar for confirmed earnings-release timing.

SEC filing / observation dateFiscal periodEPS reportedEPS estimateRevenue reportedRevenue estimate
Aug 6, 2026Q20.25—410.73M—
May 7, 2026Q10.30—424.18M—
Feb 26, 2026FY0.85—1.5B—
Nov 5, 2025Q30.18—375.55M—
Aug 6, 2025Q20.22—364.11M—
May 7, 2025Q10.28—370.54M—
VALUATION

Stock valuation: P/E, forward P/E and multiples

Multiples shown only when the database has a usable value.

P/E ratio35.21
Price / sales27.17
Price / book9.28
PEG ratio2.82
Enterprise value11.01B

Peer comparisons are withheld until a comparable industry group and a reliable peer set are verified.

LATEST DEVELOPMENTS

News and company updates

Stories linked to this stock in the current database.

SHAREHOLDER RETURNS

Dividend data and payment history

Source-specific dividend records, with unavailable event dates left blank.

These are SEC-reported dividends-per-share facts. The stored date is the SEC filing/observation date, not a confirmed declaration or ex-dividend date. These records do not establish record dates or payment dates and must not be treated as a dividend payment calendar.

SEC filing / observation dateReported dividend per shareCurrencySource
Aug 6, 20260.0700USDSEC_XBRL_BULK
May 7, 20260.0700USDSEC_XBRL_BULK
Feb 26, 20260.2400USDSEC_XBRL_BULK
Feb 26, 20260.0500USDSEC_XBRL_BULK
Feb 26, 20260.0700USDSEC_XBRL_BULK
Feb 26, 20260.2800USDSEC_XBRL_BULK
Feb 26, 20260.2000USDSEC_XBRL_BULK
Feb 26, 20260.0600USDSEC_XBRL_BULK
Nov 5, 20250.0700USDSEC_XBRL_BULK
Nov 5, 20250.0600USDSEC_XBRL_BULK
Aug 6, 20250.0600USDSEC_XBRL_BULK
Aug 6, 20250.0700USDSEC_XBRL_BULK
May 7, 20250.0600USDSEC_XBRL_BULK
May 7, 20250.0700USDSEC_XBRL_BULK
Feb 26, 20250.1200USDSEC_XBRL_BULK
Feb 26, 20250.0300USDSEC_XBRL_BULK
Feb 26, 20250.0600USDSEC_XBRL_BULK
Feb 26, 20250.2400USDSEC_XBRL_BULK
Feb 26, 20250.0500USDSEC_XBRL_BULK
Feb 26, 20250.2000USDSEC_XBRL_BULK
Nov 7, 20240.0500USDSEC_XBRL_BULK
Nov 7, 20240.0600USDSEC_XBRL_BULK
Aug 6, 20240.0500USDSEC_XBRL_BULK
Aug 6, 20240.0600USDSEC_XBRL_BULK
May 7, 20240.0500USDSEC_XBRL_BULK
May 7, 20240.0600USDSEC_XBRL_BULK
Feb 27, 20240.2000USDSEC_XBRL_BULK
Feb 27, 20240.0500USDSEC_XBRL_BULK
Feb 27, 20240.1200USDSEC_XBRL_BULK
Feb 27, 20240.0300USDSEC_XBRL_BULK
RISK CONTEXT

Risk and performance profile

Computed risk/performance records; not a recommendation. Mathematically uninterpretable or extreme ratios are withheld rather than displayed as reliable facts.

Volatility+41.17%
Beta0.45
ATR1.3
Maximum drawdown-45.92%
Sharpe ratio-0.8
Sortino ratio-0.85
Debt / equity0
Current ratio0.59
Interest coverage12.42
1-day return-0.94%
5-day return+9.06%
1-month return+4.27%
3-month return+7.82%
6-month return+0.17%
YTD return-7.90%
1-year return-38.11%
All-time return-34.20%
RESEARCH EVIDENCE

Source data and research records

Expandable evidence tables keep the main page focused while preserving detailed data.

Institutional holders and ownership

Showing up to 50 recent holder records. Values failing a basic implied-price check are withheld, not silently corrected.

PeriodFiledHolderCIKSharesValueOwnershipShares changeChange %Source
Jun 30, 2026Aug 14, 2026Employees Retirement System of Texas13987391,756Withheld: value fails validation———SEC_13F_DATASET
Jun 30, 2026Aug 14, 2026Legal & General Group Plc764068622,32718.6M———SEC_13F_DATASET
Jun 30, 2026Aug 14, 2026MANUFACTURERS LIFE INSURANCE COMPANY, THE928047114,4123.42M———SEC_13F_DATASET
Jun 30, 2026Jul 16, 2026ZAZOVE ASSOCIATES LLC1009012260,000249.7K———SEC_13F_DATASET
Jun 30, 2026Aug 14, 2026AlphaGrep UK Ltd21489886,779202.62K———SEC_13F_DATASET
Jun 30, 2026Aug 14, 2026Bridgefront Capital, LLC172569024,391729.05K———SEC_13F_DATASET
Jun 30, 2026Aug 14, 2026Kemnay Advisory Services Inc.15552832708.07K———SEC_13F_DATASET
Jun 30, 2026Aug 12, 2026NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC162964933,5311M———SEC_13F_DATASET
Jun 30, 2026Aug 14, 2026Verition Fund Management LLC14540277,500,0007.21M———SEC_13F_DATASET
Jun 30, 2026Aug 14, 2026Thrivent Financial for Lutherans31498433,102Withheld: value fails validation———SEC_13F_DATASET
Jun 30, 2026Jul 13, 2026DAVENPORT & Co LLC8877779,296277.87K———SEC_13F_DATASET
Jun 30, 2026Aug 14, 2026Man Group plc163746044,533,00042.81M———SEC_13F_DATASET
Jun 30, 2026Jul 27, 2026Foresight Group Ltd Liability Partnership1943441293,8038.7M———SEC_13F_DATASET
Jun 30, 2026Jul 27, 2026Concurrent Investment Advisors, LLC2001015120,4063.6M———SEC_13F_DATASET
Jun 30, 2026Aug 12, 2026Inspire Investing, LLC167013966,1901.98M———SEC_13F_DATASET
Jun 30, 2026Aug 12, 2026STOREBRAND ASSET MANAGEMENT AS16856768,375250.33K———SEC_13F_DATASET
Jun 30, 2026Aug 4, 2026HFM Investment Advisors, LLC206797213389———SEC_13F_DATASET
Jun 30, 2026Jul 9, 2026Marquette Asset Management, LLC1395067641.91K———SEC_13F_DATASET
Jun 30, 2026Aug 12, 2026KLP KAPITALFORVALTNING AS171744339,6001.18M———SEC_13F_DATASET
Jun 30, 2026Jul 7, 2026Arlington Trust Co LLC19976852607.77K———SEC_13F_DATASET
Jun 30, 2026Aug 13, 2026Creative Planning1540235852,06525.47M———SEC_13F_DATASET
Jun 30, 2026Aug 12, 2026Corient Private Wealth LP19487809,049270.48K———SEC_13F_DATASET
Jun 30, 2026Aug 11, 2026Vanguard Personalized Indexing Management, LLC176730623,467701.43K———SEC_13F_DATASET
Jun 30, 2026Aug 12, 2026WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC16449565,942,507177.62M———SEC_13F_DATASET
Jun 30, 2026Aug 7, 2026TimesSquare Capital Management, LLC1313816925,87927.67M———SEC_13F_DATASET
Jun 30, 2026Aug 14, 2026Sone Capital Management, LLC2026215786,53823.51M———SEC_13F_DATASET
Jun 30, 2026Aug 7, 2026Bell Investment Advisors, Inc18901491725.14K———SEC_13F_DATASET
Jun 30, 2026Jul 31, 2026MIRABELLA FINANCIAL SERVICES LLP153885323,815711.83K———SEC_13F_DATASET
Jun 30, 2026Jul 31, 2026Avion Wealth17927049————SEC_13F_DATASET
Jun 30, 2026Aug 13, 2026BNP PARIBAS FINANCIAL MARKETS1166588155,0044.63M———SEC_13F_DATASET
Jun 30, 2026Jul 31, 2026ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/1093802688.01K———SEC_13F_DATASET
Jun 30, 2026Aug 11, 2026MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC92212755,4871.66M———SEC_13F_DATASET
Jun 30, 2026Aug 14, 2026Main Management ETF Advisors, LLC1698607119,166Withheld: value fails validation———SEC_13F_DATASET
Jun 30, 2026Aug 14, 2026TEACHER RETIREMENT SYSTEM OF TEXAS79684810,938326.94K———SEC_13F_DATASET
Jun 30, 2026Aug 11, 2026ADVENT CAPITAL MANAGEMENT /DE/10972781,980,0001.9M———SEC_13F_DATASET
Jun 30, 2026Aug 3, 2026CITIGROUP INC8310011,179,24335.25M———SEC_13F_DATASET
Jun 30, 2026Aug 11, 2026Tower Research Capital LLC (TRC)153342111,219335.34K———SEC_13F_DATASET
Jun 30, 2026Aug 11, 2026SHP Wealth Management1807060371.11K———SEC_13F_DATASET
Jun 30, 2026Aug 11, 2026BLAIR WILLIAM & CO/IL90236752,0761.56M———SEC_13F_DATASET
Jun 30, 2026Aug 11, 2026Rialto Wealth Management, LLC2054966882.63K———SEC_13F_DATASET
Jun 30, 2026Jul 23, 2026SBI Securities Co., Ltd.185181525747———SEC_13F_DATASET
Jun 30, 2026Aug 12, 2026STIFEL FINANCIAL CORP7206721825.44K———SEC_13F_DATASET
Jun 30, 2026Aug 14, 2026WELLINGTON MANAGEMENT GROUP LLP902219184,4955.51M———SEC_13F_DATASET
Jun 30, 2026Jul 22, 2026SJS Investment Consulting Inc.18943022517.5K———SEC_13F_DATASET
Jun 30, 2026Aug 14, 2026MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1705339146,7024.36M———SEC_13F_DATASET
Jun 30, 2026Aug 12, 2026Henshaw Capital LLC213148328,227843.71K———SEC_13F_DATASET
Jun 30, 2026Jul 30, 2026Maryland State Retirement & Pension System17955527,650228.66K———SEC_13F_DATASET
Jun 30, 2026Aug 11, 2026Nuveen, LLC1871926219,2086.55M———SEC_13F_DATASET
Jun 30, 2026Aug 14, 2026PRICE T ROWE ASSOCIATES INC /MD/80255132,569Withheld: value fails validation———SEC_13F_DATASET
Jun 30, 2026Jul 30, 2026STRS OHIO8204783,440102.82K———SEC_13F_DATASET
PeriodShares outstandingInstitutional ownershipInsider ownership
Jun 30, 2026320,435,795+193.58%+12.67%
Insider transactions

Reported transaction values and remaining holdings are shown only when supplied by the source.

Transaction dateFiledInsiderTitleTypeCodeSharesPriceReported valueShares afterFilingSource
Sep 29, 2026Oct 1, 2026Andre WernerChief Financial OfficerAward/GrantA1990.000377,843Open filingSEC_FORM_3_4_5
Sep 29, 2026Oct 1, 2026Lee James KChief Operating OfficerAward/GrantA4020.000221,712Open filingSEC_FORM_3_4_5
Sep 29, 2026Oct 1, 2026Cumins NicholasChief Executive OfficerAward/GrantA7370.000533,221Open filingSEC_FORM_3_4_5
Sep 29, 2026Oct 1, 2026Shaman David R.Chief Legal OfficerAward/GrantA4690.000622,995Open filingSEC_FORM_3_4_5
Sep 29, 2026Oct 1, 2026BENTLEY GREGORY SExecutive Chair & PresidentAward/GrantA3,6910.0007,680,362Open filingSEC_FORM_3_4_5
Sep 29, 2026Oct 1, 2026Bentley Barry J.—Award/GrantA30.00011,837,896Open filingSEC_FORM_3_4_5
Sep 29, 2026Oct 1, 2026Bentley Keith A.—Award/GrantA1,0330.0003,845,254Open filingSEC_FORM_3_4_5
Sep 29, 2026Oct 1, 2026Bentley Raymond B.—Award/GrantA2,0440.00014,816,404Open filingSEC_FORM_3_4_5
Sep 29, 2026Oct 1, 2026Trimback Thomas FChief Accounting OfficerAward/GrantA230.00019,366Open filingSEC_FORM_3_4_5
Sep 29, 2026Oct 1, 2026Moutte JulienChief Technology OfficerAward/GrantA1060.00090,862Open filingSEC_FORM_3_4_5
Sep 29, 2026Oct 1, 2026Griswold Kirk B.—Award/GrantA850.000468,202Open filingSEC_FORM_3_4_5
Sep 29, 2026Oct 1, 2026Rahden AndrewChief Revenue OfficerAward/GrantA1740.00088,319Open filingSEC_FORM_3_4_5
SEC filings

Showing up to 30 latest filings. Open the original SEC document when a URL is available.

FiledAcceptedFormDescriptionReporting periodAccessionSEC document
Oct 1, 2026—4OWNERSHIP DOCUMENTSep 29, 20260001104659-26-112875View filing
Oct 1, 2026—4OWNERSHIP DOCUMENTSep 29, 20260001104659-26-112874View filing
Oct 1, 2026—4OWNERSHIP DOCUMENTSep 29, 20260001104659-26-112873View filing
Oct 1, 2026—4OWNERSHIP DOCUMENTSep 29, 20260001104659-26-112862View filing
Oct 1, 2026—4OWNERSHIP DOCUMENTSep 29, 20260001104659-26-112859View filing
Oct 1, 2026—4OWNERSHIP DOCUMENTSep 29, 20260001104659-26-112857View filing
Oct 1, 2026—4OWNERSHIP DOCUMENTSep 29, 20260001104659-26-112872View filing
Oct 1, 2026—4OWNERSHIP DOCUMENTSep 29, 20260001104659-26-112869View filing
Oct 1, 2026—4OWNERSHIP DOCUMENTSep 29, 20260001104659-26-112867View filing
Oct 1, 2026—4OWNERSHIP DOCUMENTSep 29, 20260001104659-26-112864View filing
Oct 1, 2026—4OWNERSHIP DOCUMENTSep 29, 20260001104659-26-112863View filing
Oct 1, 2026—4OWNERSHIP DOCUMENTSep 29, 20260001104659-26-112861View filing
Sep 17, 2026—3OWNERSHIP DOCUMENTSep 10, 20260001104659-26-108576View filing
Sep 11, 2026—8-K8-KSep 11, 20260001031308-26-000026View filing
Sep 2, 2026—4OWNERSHIP DOCUMENTAug 31, 20260001104659-26-104738View filing
Aug 31, 2026—4OWNERSHIP DOCUMENTAug 27, 20260001104659-26-103884View filing
Aug 27, 2026—144——0001949846-26-000548View filing
Aug 14, 2026—4OWNERSHIP DOCUMENTAug 12, 20260001104659-26-097163View filing
Aug 6, 2026—10-Q10-QJun 30, 20260001031308-26-000023View filing
Aug 6, 2026—8-K8-KAug 6, 20260001031308-26-000020View filing
Aug 4, 2026—4OWNERSHIP DOCUMENTAug 2, 20260001104659-26-090385View filing
Jul 27, 2026—4OWNERSHIP DOCUMENTJul 23, 20260001104659-26-087097View filing
Jul 10, 2026—4OWNERSHIP DOCUMENTJul 8, 20260001104659-26-082657View filing
Jun 15, 2026—4OWNERSHIP DOCUMENTJun 11, 20260001104659-26-074043View filing
Jun 15, 2026—4OWNERSHIP DOCUMENTJun 11, 20260001104659-26-074054View filing
Jun 15, 2026—4OWNERSHIP DOCUMENTJun 11, 20260001104659-26-074037View filing
Jun 15, 2026—4OWNERSHIP DOCUMENTJun 11, 20260001104659-26-074051View filing
Jun 15, 2026—4OWNERSHIP DOCUMENTJun 11, 20260001104659-26-074048View filing
Jun 15, 2026—4OWNERSHIP DOCUMENTJun 11, 20260001104659-26-074041View filing
Jun 15, 2026—4OWNERSHIP DOCUMENTJun 11, 20260001104659-26-074040View filing
Quarterly and monthly research
PeriodResearch summary
Jun 30, 2026Derived quarterly snapshot; AI narrative pending
Jun 30, 2026Latest reported fundamentals for fiscal period FY-2026-Q2. Revenue: $410727000. Revenue growth: 12.80%. EPS: $0.250. EPS growth: 13.64%. Gross margin: 81.99%. Operating margin: 21.57%. Net margin: 19.12%. Free cash flow: $63798000.
MonthResearch summary
Oct 1, 2026Derived monthly snapshot; AI narrative pending
Third-party metrics and ratios

Showing up to 40 recent metric records and 40 ratio records from the query window. Provider periods, units and validity flags are preserved when available.

PeriodReport periodFiscal yearQuarterPeriod typeCategoryValueUnitCurrencyValidSource
Jun 30, 2026Jun 30, 202620262semiannualfair_value_adjustments-834,000—USDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualfx_effect-3,013,000—USDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualinterest_paid15,318,000—USDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualother_financing_activities-1,331,000—USDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualother_operating_activities-11,670,000—USDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualrepurchases_of_stock-125,075,000—USDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualgeneral_and_administrative-123,725,000—USDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualresearch_and_development-165,096,000—USDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualsalaries_and_employee_benefits-10,587,000—USDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualselling_and_marketing-156,142,000—USDYes3Spread
Jun 30, 2026Jun 30, 202620262instantallowance_for_credit_losses-8,957,000—USDYes3Spread
Jun 30, 2026Jun 30, 202620262instantcommon_stock3,018,000—USDYes3Spread
Jun 30, 2026Jun 30, 202620262instantaccounts_payable22,792,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262instantaccounts_receivable_net368,136,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262instantaccrued_expenses182,034,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262instantaccumulated_other_comprehensive_income-86,393,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262instantadditional_paid_in_capital1,348,863,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualamortization_of_debt_costs2,189,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualcapital_expenditures-13,266,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262instantcash_and_equivalents146,981,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualcash_beginning_of_period123,278,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualcash_end_of_period146,981,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualchange_in_deferred_revenue-12,813,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualchange_in_income_taxes-5,807,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualchange_in_other_assets40,260,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualchange_in_payables_and_accruals_combined-5,247,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualchange_in_receivables-18,586,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualcost_of_revenue-147,761,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262instantcurrent_assets587,891,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262instantcurrent_liabilities988,139,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262instantcurrent_portion_of_long_term_debt6,875,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualdeferred_compensation_expense10,587,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262instantdeferred_compensation_obligations112,736,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualdeferred_income_taxes17,847,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262instantdeferred_revenue_current263,154,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262instantdeferred_revenue_noncurrent17,487,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262instantdeferred_tax_assets153,710,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualdepreciation_and_amortization-16,729,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualdividends_and_distributions_paid-42,444,000USDUSDYes3Spread
Jun 30, 2026Jun 30, 202620262semiannualeps_basic0.56USD/shareUSDYes3Spread
PeriodReport periodFiscal yearQuarterPeriod typeRatio categoryRatioValuePercentileMissing inputsValidSource
Jun 30, 2026Jun 30, 202620262quarterlyleverageinterest_coverage0+0.00%interest_expenseNo3Spread
Jun 30, 2026Jun 30, 202620262quarterlyefficiencyinventory_turnover0+0.00%inventoryNo3Spread
Jun 30, 2026Jun 30, 202620262quarterlyefficiencyasset_turnover0.11+35.26%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlyliquiditycash_ratio0.15+28.39%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlycash_flowcf_margin_pct17.41+57.33%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlycash_flowcf_to_net_income0.91+41.35%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlyliquiditycurrent_ratio0.59+10.87%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlyleveragedebt_to_assets0.66+66.34%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlysectordebt_to_ebitda22.75+69.25%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlyleveragedebt_to_equity1.98+76.73%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlysectorebitda_margin_pct25.48+70.99%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlyleverageequity_multiplier2.98+74.03%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlycash_flowfree_cash_flow63,798,000+61.50%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlyprofitabilitygross_margin_pct81.99+94.56%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlyprofitabilitynet_margin_pct19.12+83.32%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlycash_flowoperating_cf_ratio0.07+44.52%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlyprofitabilityoperating_margin_pct21.57+78.45%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlyliquidityquick_ratio0.59+17.00%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlyefficiencyreceivables_turnover1.12+12.76%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlyprofitabilityroa_pct2.19+75.78%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlyprofitabilityroe_pct6.53+79.43%—Yes3Spread
Jun 30, 2026Jun 30, 202620262quarterlyliquidityworking_capital-400,248,000+10.95%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlyleverageinterest_coverage0+0.00%interest_expenseNo3Spread
Mar 31, 2026Mar 31, 202620261quarterlyefficiencyinventory_turnover0+0.00%inventoryNo3Spread
Mar 31, 2026Mar 31, 202620261quarterlyliquiditycash_ratio0.1+23.61%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlyefficiencyasset_turnover0.12+39.68%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlycash_flowcf_margin_pct45.6+90.30%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlycash_flowcf_to_net_income2.03+76.56%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlyliquiditycurrent_ratio0.51+9.83%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlyleveragedebt_to_assets0.65+63.07%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlysectordebt_to_ebitda16.14+52.54%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlyleveragedebt_to_equity1.87+73.28%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlysectorebitda_margin_pct33.57+79.34%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlyleverageequity_multiplier2.87+71.10%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlycash_flowfree_cash_flow187,857,000+78.94%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlyprofitabilitygross_margin_pct82.61+95.87%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlyprofitabilitynet_margin_pct22.48+86.34%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlycash_flowoperating_cf_ratio0.19+74.94%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlyprofitabilityoperating_margin_pct29.77+89.88%—Yes3Spread
Mar 31, 2026Mar 31, 202620261quarterlyliquidityquick_ratio0.51+15.31%—Yes3Spread
Data quality and provenance

This page does not fill gaps with sample data. Values shown above come from the connected market-data and research tables.

No verified records available for this section yet.
RetrievedDatasetProviderStatus
Oct 8, 2026company_profileUS Market AI / SEC-mapped universeVerified
Identifiers and model evaluation
IdentifierValueSource
cik1031308stocks.cik
tickerBSYstocks.symbol
No verified records available for this section yet.
QUICK ANSWERS

Frequently asked questions

What is BSY stock's current price?

The latest stored quote for BSY is 36.73. The quote timestamp is 10/19/2026, 4:00:00 AM. Prices can change during market hours.

What is the BSY stock forecast and analysis?

The latest available quantitative model signal is “neutral”. Review the forecast horizons alongside the company's reported financials, valuation, technical indicators and risks below; model outputs are estimates, not guarantees or personalized investment advice.

What is the BSY stock price target?

The forecast table shows stored quantitative model outputs for the available horizons. These are model targets, not necessarily Wall Street analyst consensus; a verified consensus target is not assumed unless explicitly stored.

What is the BSY stock price prediction for 2030?

A stored long-term model scenario for 2030 is shown in the forecast table. Long-range scenarios are highly uncertain and should be reviewed alongside the model version and assumptions.

What are the bullish and bearish views on BSY?

A sufficiently detailed analyst-opinion dataset is not currently stored for this stock. The bull and bear cases on this page are conditional evidence-based scenarios, not attributed analyst recommendations.

What is the BSY stock price prediction for 2026?

A verified 2026 long-term model output is not currently stored for this stock. Check the forecast section for available horizons rather than relying on an unsupported target.

Is BSY stock overvalued or undervalued?

The latest stored trailing P/E is 35.21. Those multiples alone cannot establish fair value; compare growth, cash flow, earnings quality, risk and relevant peers.

What is BSY's P/E ratio?

The latest stored trailing P/E ratio is 35.21. P/E compares share price with earnings per share and should be interpreted alongside growth, cyclicality and accounting quality.

What is BSY's 52-week high and low?

The stored 52-week range is 28.08 to 52.85. This describes the recent trading range, not a forecast or a guaranteed support/resistance level.

Does BSY pay a dividend, and what is its dividend history?

The database contains 30 SEC-reported dividends-per-share fact record(s). These do not confirm an ex-dividend date, record date or payment date and are not a payment calendar.

When is BSY's next earnings report?

The latest SEC filing/observation date in this database is Aug 6, 2026. This is not a verified earnings announcement date or a confirmed next-report date; check company investor relations for the official calendar.

How has BSY stock performed recently?

The price chart uses 250 stored daily observations, and the market snapshot includes the latest available quote. Use the chart to inspect the period shown; past performance does not predict future returns.

Is BSY stock in a bullish or bearish trend?

The stored technical snapshot classifies the trend as “neutral”. This rule-based label is based on available indicators and is not a standalone buy or sell signal.

What are the main risks of investing in BSY?

Available risk metrics are shown in the risk and performance section. These metrics do not capture every business, competitive, regulatory or market risk; review company filings and disclosures as well.

Where can I find BSY's financial statements and earnings history?

Use the Financial Statements section for stored statement records, financial metric history, earnings results and estimate revisions. Coverage depends on the data available for this company.

Does US Market AI provide a guaranteed BSY price target?

No. Forecasts shown here are quantitative model outputs, not guarantees or personalized financial advice. Missing forecast values are left unavailable rather than filled with invented targets.

US MARKET AI · STOCK RESEARCH

Data availability varies by company and provider. Missing values are omitted rather than estimated. Forecasts are model outputs and should be independently evaluated.

Research updated Oct 19, 2026 · Research methodology · Disclaimer