Formula Systems (1985) (FORTY) Financial Statements & Analysis

Formula Systems (1985) (FORTY) Income Statement

Formula Systems (1985) reported revenue of $2.63B in fiscal 2025 (fiscal year ended Dec 31, 2025), up 18.4% from $2.22B a year earlier. Net income was $606.48M, up 661.2% year over year, a net margin of 23.1%. Gross margin was 19.8% and operating margin 7.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $782.44M, up 5.3% from the same quarter a year earlier.

Formula Systems (1985) Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Formula Systems (1985) Ltd. income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	2.63	2.22	2.11	2.57	2.40	1.93	1.70	1.49	1.36
Cost of Revenue	2.11	1.77	1.69	1.95	1.84	1.49	1.32	1.16	1.06
Gross Profit	0.52	0.45	0.42	0.62	0.56	0.45	0.39	0.33	0.30
Operating Expenses
Research & Development	0.02	0.02	0.01	0.07	0.07	0.05	0.05	0.04	0.04
Selling, General & Administrative	0.31	0.25	0.25	0.25	0.29	0.22	0.20	0.18	0.18
Operating Expenses	0.32	0.26	0.26	0.39	0.36	0.28	0.25	0.22	0.22
Operating Income	0.20	0.18	0.16	0.23	0.21	0.17	0.05	0.11	0.07
Other Income/Expense
Interest Income	0.01	0.02	0.01	0.01	0.01	0.00	0.00	0.01	0.01
Interest Expense	0.03	-0.03	-0.03	0.02	-0.02	-0.02	0.02	0.01	0.03
Other Income/Expense	-0.05	-0.02	-0.02	0.04	-0.02	0.03	-0.02	-0.01	-0.02
Income
Income Before Tax	0.15	0.16	0.13	0.26	0.18	0.20	0.12	0.10	0.05
Income Tax Expense	0.04	0.04	0.03	0.06	0.04	0.03	0.03	0.02	0.01
Net Income	0.61	0.08	0.06	0.08	0.05	0.05	0.09	0.03	0.01
Net Income - Continuous Operations	0.11	0.12	0.10	0.20	0.14	0.05	0.09	0.03	0.01
Net Income - Discontinued Operations	0.56	0.07	0.06	-	-	-	-	-	-
EBITDA	0.27	0.23	0.28	0.39	0.29	0.27	0.23	0.16	0.12
EBIT	0.20	0.18	0.16	0.28	0.21	0.17	-	-	-
Depreciation & Amortization	0.07	0.05	0.05	0.05	0.08	0.06	0.09	0.05	0.04
Earnings Per Share
Basic EPS	40.00	5.00	4.00	5.00	4.00	3.00	6.00	2.00	1.00
Diluted EPS	38.00	5.00	4.00	5.00	4.00	3.00	6.00	2.00	1.00
Basic Shares Outstanding	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01
Diluted Shares Outstanding	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Formula Systems (1985) Financial Statements

What was Formula Systems (1985)'s revenue in fiscal 2025?

Formula Systems (1985) reported revenue of $2.63B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 18.4% from $2.22B a year earlier.

Is Formula Systems (1985) profitable?

Yes. Formula Systems (1985) earned net income of $606.48M in fiscal 2025, a net margin of 23.1%. In fiscal 2024 it earned $79.67M.

What is Formula Systems (1985)'s operating margin?

Formula Systems (1985)'s operating income was $196.38M on revenue of $2.63B in fiscal 2025, an operating margin of 7.5%, compared with 8.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition