Formula Systems (1985) Ltd. (FORTY)

Nasdaq: FORTY · Services-Computer Programming Services · Or Yehuda, IL · filing with the SEC since 1998

Grade5.6

◀ Past 5.1● Present 6.0▶ Future 5.7

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

The Form 20-F filed May 13, 2026 for the period ended Dec 31, 2025 is not in EDGAR's company facts yet; its figures here are that filing's own, read from the SEC's financial statement data sets.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	May 13, 2026	May 15, 2025	May 15, 2024	May 15, 2023	May 16, 2022	May 17, 2021	Jun 29, 2020	May 15, 2019	May 15, 2018	May 16, 2017
Revenue	2,627,124	2,218,434^r	2,110,447^r	2,572,357	2,404,376	1,933,918	1,701,115	1,492,988	1,355,139	1,108,621
Cost of revenue	2,107,962	1,772,678^r	1,689,246^r	1,949,892	1,840,517	1,486,485	1,315,066	1,159,676	1,058,316	849,840
Gross profit	519,162	445,756^r	421,201^r	622,465	563,859	447,433	386,049	333,312	296,823	258,781
Research and development	20,023	18,077^r	14,493^r	72,129	65,858	52,604	46,690	41,223	39,853	22,328
Selling, general and administrative	311,988	249,716^r	248,664^r	317,956	289,985	224,188	200,870	182,472	184,164^r	147,953
Operating income	·	·	·	·	·	170,641	138,489	109,617	72,806^r	88,500
Finance costs	63,587	34,921^r	35,647^r	27,216	29,994	29,444	22,443	15,852	29,870^r	17,594
Finance income	13,599	10,454^r	10,857^r	7,286	5,989	2,559	3,791	7,562	8,751^r	6,008
Net finance income (costs)	·	22,143	28,334^r	19,930^r	-24,005	-26,885^r	-18,652	8,290^r	-21,119^r	-11,586
Share of profit of equity-method investments	146,389	158,865^r	133,254^r	256,710	184,011	143,756^r	119,837^r	369	1,124	349
Income before income taxes	·	248,378	211,034	256,710	·	143,756	119,837^r	101,327^r	52,811	77,263
Income tax expense	40,459	38,773^r	31,834^r	55,235	42,614	31,269	27,201	24,301	13,371	21,163
Income from continuing operations	109,584	122,169	102,193	·	·	·	·	·	·	·
Income from discontinued operations	559,480	71,621	63,539	·	·	·	·	·	·	·
Net income	669,064	193,790	165,732	199,667	141,902	114,022	94,423	77,395	39,440	56,100
Net income to non-controlling interests	62,585	114,120	101,718	118,274^r	87,317^r	114,022^r	94,423^r	45,030	29,088^r	33,655^r
Net income to shareholders	606,479	79,670	64,014	81,393	54,585	46,776	38,820	32,365	10,352	22,445
Net income to ordinary shareholders	·	79,670	64,014	81,393	·	·	·	·	·	·
Earnings per share, basic	39.63	5.22	4.19	5.31	3.57	3.05	2.56	2.20	0.72	1.58
Earnings per share, diluted	38.39	5.09	4.12	5.21	3.50	3.01	2.44	2.14	0.68	1.49
Weighted average shares, basic	15,308,764	15,304,610^r	15,301,392^r	15,296	·	·	·	·	·	·
Weighted average shares, diluted	15,786,901	15,636,664^r	15,498,101^r	15,503,000^b	·	·	·	·	·	·

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldifrs-full:Revenue

Cost of revenue what it cost to make or buy what it soldifrs-full:CostOfSales

Gross profit revenue less the cost of what it soldifrs-full:GrossProfit

Research and development spent on inventing what it sells nextifrs-full:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyifrs-full:SellingGeneralAndAdministrativeExpense

Operating income profit from running the business, before interest and taxifrs-full:ProfitLossFromOperatingActivities

Finance costs what its borrowing costifrs-full:FinanceCosts

Finance income what its cash and investments earnedifrs-full:FinanceIncome

Net finance income (costs) interest earned less interest paid, outside the businessifrs-full:FinanceIncomeCost

Share of profit of equity-method investments its share of companies it partly ownsifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod

Income before income taxes profit before taxifrs-full:ProfitLossBeforeTax

Income tax expense tax charged on the period's profitifrs-full:IncomeTaxExpenseContinuingOperations

Income from continuing operations profit from the businesses it keepsifrs-full:ProfitLossFromContinuingOperations

Income from discontinued operations profit or loss from businesses it sold or closedifrs-full:ProfitLossFromDiscontinuedOperations

Net income the whole group's profit, minority holders' share includedifrs-full:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersifrs-full:ProfitLossAttributableToNoncontrollingInterests

Net income to shareholders the profit or loss that belongs to the company's shareholdersifrs-full:ProfitLossAttributableToOwnersOfParent

Net income to ordinary shareholders what is left for common shareholdersifrs-full:ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity

Earnings per share, basic net income per share outstandingifrs-full:BasicEarningsLossPerShare

Earnings per share, diluted net income per share, counting every share that could be issuedifrs-full:DilutedEarningsLossPerShare

Weighted average shares, basic the average count of shares outstandingifrs-full:WeightedAverageShares

Weighted average shares, diluted the average count with every share that could be issuedifrs-full:AdjustedWeightedAverageShares

SI Assistanton FORTY · research, not advice