FORMULA SYSTEMS (1985) LTD FORTY

Technology SIC 7371 - Services-Computer Programming Services NAICS Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Custom Computer Programming Services derived Nasdaq

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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.

Valuation FY2025 figures against the last close

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Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue —$2.76B$2.62B$2.57B$2.40B$1.93B$1.70B$1.49B$1.36B$1.11B
Operating income ————$208.0M$170.6M$138.5M$109.6M$72.8M$88.5M
Net income —$193.8M$165.7M$199.7M$141.9M$114.0M$94.4M$77.4M$39.4M$56.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets —$3.01B$2.81B$2.79B$2.75B$2.52B$2.09B$1.66B$1.56B$1.35B
Total equity —$1.39B$1.31B$1.18B$1.18B$1.11B$896.3M$805.4M$772.9M$723.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-055948.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 1.1B Net income, FY2016: 56.1M Revenue, FY2017: 1.4B Net income, FY2017: 39.4M Revenue, FY2018: 1.5B Net income, FY2018: 77.4M Revenue, FY2019: 1.7B Net income, FY2019: 94.4M Revenue, FY2020: 1.9B Net income, FY2020: 114M Revenue, FY2021: 2.4B Net income, FY2021: 141.9M Revenue, FY2022: 2.6B Net income, FY2022: 199.7M Revenue, FY2023: 2.6B Net income, FY2023: 165.7M Revenue, FY2024: 2.8B Net income, FY2024: 193.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.11B $1.36B $1.49B $1.70B $1.93B $2.40B $2.57B $2.62B $2.76B —
Gross profit — — — — — — — — — —
Net income $56.1M $39.4M $77.4M $94.4M $114.0M $141.9M $199.7M $165.7M $193.8M —

Others in SIC 7371

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CTSH COGNIZANT TECHNOLOGY SOLUTIONS CORP $33.43B 15.5x 7.0%
VRSN VERISIGN INC/CA $27.12B — 6.4%
EPAM EPAM Systems, Inc. $7.03B 20.3x 15.4%
DOCS Doximity, Inc. $6.10B 34.1x 13.1%
RGTI Rigetti Computing, Inc. $3.85B — -34.3%
IA INNOVATIVE SOLUTIONS & SUPPORT INC $351.9M 22.3x 78.6%
RDNW RideNow Group, Inc. $209.4M — -10.5%