FORMULA SYSTEMS (1985) LTD FORTY

Technology SIC 7371 - Services-Computer Programming Services 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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
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.

Others in SIC 7371

Ticker	Company	Market cap	P/E	Revenue growth
CTSH	COGNIZANT TECHNOLOGY SOLUTIONS CORP	$29.53B	13.7x	7.0%
ZS	Zscaler, Inc.	$27.69B	—	25.4%
VRSN	VERISIGN INC/CA	$26.37B	—	6.4%
EPAM	EPAM Systems, Inc.	$6.04B	17.4x	15.4%
RGTI	Rigetti Computing, Inc.	$5.07B	—	-34.3%
DOCS	Doximity, Inc.	$4.81B	26.9x	13.1%
IA	INNOVATIVE SOLUTIONS & SUPPORT INC	$331.5M	21.0x	78.6%
RDNW	RideNow Group, Inc.	$225.6M	—	-10.5%