# BENTLEY SYSTEMS INC (BSY) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from BENTLEY SYSTEMS INC's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/BSY/mda/fy2025/): filed 2026-02-26; accession 0001031308-26-000007 (https://www.sec.gov/Archives/edgar/data/1031308/000103130826000007/bsy-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/BSY/mda/fy2024/): filed 2025-02-26; accession 0001031308-25-000002 (https://www.sec.gov/Archives/edgar/data/1031308/000103130825000002/bsy-20241231.htm)
- [FY 2023 MD&A](/company/BSY/mda/fy2023/): filed 2024-02-27; accession 0001031308-24-000002 (https://www.sec.gov/Archives/edgar/data/1031308/000103130824000002/bsy-20231231.htm)
- [FY 2022 MD&A](/company/BSY/mda/fy2022/): filed 2023-02-28; accession 0001628280-23-005568 (https://www.sec.gov/Archives/edgar/data/1031308/000162828023005568/bsy-20221231.htm)
- [FY 2021 MD&A](/company/BSY/mda/fy2021/): filed 2022-03-01; accession 0001628280-22-004474 (https://www.sec.gov/Archives/edgar/data/1031308/000162828022004474/bsy-20211231.htm)

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