FORTY
Formula Systems (1985) Ltd.
NASDAQ · Technology · Information Technology Services · IL
$128.96
−0.03%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 2.9B | 2.6B | 2.2B | 2.6B | 2.6B |
| Cost of Revenue | 2.4B | 2.2B | 1.8B | 2.0B | 1.9B |
| Gross Profit | 581.8M | 451.4M | 400.1M | 642.1M | 622.5M |
| Operating Expenses | |||||
| R&D Expense | 21.2M | 20.2M | 18.2M | 77.8M | 72.1M |
| SG&A Expense | 336.2M | 209.1M | 203.2M | 325.5M | 245.2M |
| General & Admin Expense | — | 200.4M | — | — | 225.8M |
| Selling & Marketing Expense | — | 8.7M | — | — | 19.4M |
| Other Expenses | (16.6M) | 33.5M | — | — | 72.7M |
| Total Operating Expenses | 340.8M | 262.8M | 221.3M | 403.3M | 390.1M |
| Cost and Expenses | 2.7B | 2.5B | 2.1B | 2.4B | 2.3B |
| Operating Income (EBIT) | 241.0M | 188.6M | 178.8M | 238.8M | 232.4M |
| Non-Operating | |||||
| Interest Income | — | — | — | 13.8M | 5.8M |
| Interest Expense | 42.4M | 30.7M | 26.4M | 38.3M | 18.4M |
| Net Interest Income | (42.4M) | (30.7M) | (26.4M) | (24.5M) | (12.6M) |
| Other Non-Op Income/Expense | (30.6M) | (37.4M) | (17.1M) | (27.5M) | 22.5M |
| Non-Operating Income (excl Interest) | — | — | — | — | (42.8M) |
| EBT (Pre-Tax Income) | 210.5M | 151.2M | 161.7M | 211.3M | 254.9M |
| Income Tax Expense | 48.2M | 40.8M | 39.0M | 46.0M | 55.2M |
| Bottom Line | |||||
| Net Income | 634.6M | 28.4M | 80.0M | 63.8M | 81.4M |
| Earnings from Cont. Ops | 162.3M | 110.5M | 122.7M | 165.3M | 199.7M |
| Earnings from Discont. Ops | 567.2M | (8.4M) | 31.3M | — | — |
| Bottom Line Net Income | 634.3M | 28.4M | 80.0M | 63.7M | 80.8M |
| Per Share | |||||
| Basic EPS | $41.07 | $1.85 | $5.23 | $4.16 | $5.31 |
| Diluted EPS | $39.70 | $1.80 | $5.12 | $4.11 | $5.21 |
| Revenue Per Share | $191.50 | $172.97 | $145.64 | $170.84 | $168.17 |
| Shares | |||||
| Basic Shares Outstanding | 15.3M | 15.3M | 15.3M | 15.3M | 15.3M |
| Diluted Shares Outstanding | 15.8M | 15.8M | 15.6M | 15.5M | 15.5M |
| Profitability Metrics | |||||
| EBITDA | 412.1M | 342.4M | 294.9M | 360.3M | 390.5M |
| D&A | 171.1M | 153.7M | 116.0M | 121.5M | 115.3M |
| EBIT | 241.0M | 188.6M | 178.8M | 238.8M | 275.1M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026