FORTYNasdaqServices-Computer Programming ServicesFiscal year ends December 31

FORMULA SYSTEMS (1985) LTD

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on May 13, 2026

$114.28−0.32 (-0.28%)

Close on Oct 19, 2026

Market cap: –
P/E (TTM): 3.0
Dividend yield: –

FORMULA SYSTEMS (1985) LTD income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	2,627	2,218	2,110	2,572	2,404	1,934	1,701	1,493	1,355	1,109	973	636	796	743	641	550	469
Cost of Revenue	2,108	1,773	1,689	1,950	1,841	1,486	1,315	1,160	1,058	850	741	530	603	565	493	412	352
Gross Profit	519	446	421	622	564	447	386	333	297	259	232	106	193	178	148	137	117
Research & Development	20	18	14	72	66	53	47	41	40	22	15	0.79	14	12	5.15	5.50	4.43
Selling, General & Admin	312	250	249	318	290	224	201	182	184	148	141	71	118	111	93	85	77
Advertising Expenses	–	–	–	–	–	–	–	–	–	–	–	2.03	2.39	2.65	2.50	2.40	–
Operating Income	–	–	–	–	208	171	138	110	73	89	76	35	61	55	49	47	37
Interest Expense	64	35	36	27	30	29	22	16	30	18	15	4.87	6.24	6.67	6.50	4.37	0.23
Interest & Investment Income	14	10	11	7.29	5.99	2.56	3.79	7.56	8.75	6.01	5.42	–	–	–	–	–	–
Income from Equity Investments	146	159	133	257	184	144	120	0.37	1.12	0.35	64	91	61	3.74	26	-1.07	-0.34
Asset Impairment Charges	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0.06
Gain (Loss) on Sale of Assets	–	–	–	–	–	–	–	–	–	–	0	0	-0.02	0	0.00	0.00	2.22
Pretax Income	146	159	133	257	–	144	120	101	53	77	66	30	55	49	43	43	37
Income Tax Expense	40	39	32	55	43	31	27	24	13	21	16	10	8.73	6.15	5.69	6.54	-8.31
Income from Continuing Operations	110	122	102	–	–	–	–	–	–	–	92	95	105	–	43	18	14
Income from Discontinued Operations	559	72	64	–	–	–	–	–	–	–	–	–	–	–	0	0	4.88
Net Income incl. Noncontrolling Interests	669	194	166	200	142	114	94	77	39	56	50	95	106	46	63	35	33
Minority Interest in Earnings	63	114	102	118	87	114	94	45	29	34	30	14	24	24	20	17	14
Net Income	606	80	64	81	55	47	39	32	10	22	20	81	81	23	43	18	19
Net Income to Common	606	80	64	81	–	–	–	–	–	–	–	–	–	–	–	–	–
EPS (Basic)(per share)	39.63	5.22	4.19	5.31	3.57	3.05	2.56	2.20	0.72	1.58	1.41	5.80	5.88	1.73	3.17	1.37	1.44
EPS (Diluted)(per share)	38.39	5.09	4.12	5.21	3.50	3.01	2.44	2.14	0.68	1.49	1.33	5.59	5.68	1.67	3.11	1.36	1.40
Shares Outstanding (Basic, Weighted)(shares)	15	15	15	0.02	–	–	–	–	–	–	0.01	0.01	0.01	14	14	13	0.01
Shares Outstanding (Diluted, Weighted)(shares)	16	16	15	0.02	–	–	–	–	–	–	0.01	0.01	0.01	14	14	14	0.01
Dividend per Share(per share)	–	–	–	–	–	–	–	–	–	0.34	–	0.54	0.31	–	–	–	–
EBITDA	–	–	–	–	330	266	225	158	116	121	107	43	85	81	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 19.8%
Operating margin: –
Net margin: 23.1%
Return on equity, FY2025: 59.7%

Financial strength

Current ratio: 1.63
Debt to equity: 0.27
Debt to assets: 10.1%
Cash to current liabilities: 96.2%

Valuation

P/E ratio: 3.0
Price to sales: –
Price to book: –
Dividend yield: –