Security
Formula Systems (1985) Ltd. American Depositary Shares · FORTY
FORTYNASDAQotherCurrentCIK 1045986Updated Oct 6, 2026
Name history
FORMULA SYSTEMS \1985\ LTD · through Aug 30, 2004
FORTY price & chart
Loading TradingView…
NASDAQ:FORTY on TradingView ↗About the company
Formula Systems (1985) Ltd., whose ordinary shares are traded on the Tel-Aviv Stock Exchange and ADSs are traded on the Nasdaq Global Select Market, is a global information technology holding company engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products.
In the news
No coverage from other publishers is available.
Recent filings
Financials
FY 2024 · USDSource
Source
Source
cash flow · annual statements
| Line item | Q4 2018 | Q4 2017 | Q3 2018 | Q3 2017 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Profit or LossUSD | — | — | 18,155,000Source | 12,908,000Source | 193,790,000Source | 165,732,000Source | 199,667,000Source | 141,902,000Source |
| Additional Financial Items | ||||||||
| AdjustmentsForDecreaseIncreaseInTradeAccountReceivableUSD | — | — | — | — | -81,211,000Source | 6,562,000Source | -51,398,000Source | -150,818,000Source |
| AdjustmentsForIncreaseDecreaseInTradeAccountPayableUSD | — | — | — | — | 40,032,000Source | 18,718,000Source | 25,330,000Source | 40,076,000Source |
| AdjustmentsForSharebasedPaymentsUSD | — | — | — | — | 16,164,000Source | 18,622,000Source | 14,953,000Source | 14,767,000Source |
| DividendsPaidOrdinarySharesPerShareUSD per share | — | — | — | — | 0.22Source | — | — | — |
| GoodwillUSD | — | — | 637,477,000Source | — | 975,080,000Source | 936,581,000Source | 926,161,000Source | 932,854,000Source |
| PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesUSD | — | — | — | — | 50,088,000Source | 55,064,000Source | 49,702,000Source | 44,086,000Source |
| ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivitiesUSD | — | — | — | — | 783,000Source | 1,043,000Source | 633,000Source | 2,283,000Source |
| PurchaseOfIntangibleAssetsClassifiedAsInvestingActivitiesUSD | — | — | — | — | 908,000Source | 763,000Source | 3,142,000Source | 872,000Source |
| RepaymentsOfBorrowingsClassifiedAsFinancingActivitiesUSD | — | — | — | — | 93,320,000Source | 82,874,000Source | 87,894,000Source | 84,241,000Source |
| AdjustmentsForIncomeTaxExpense | — | — | — | — | — | — | — | — |
| ProceedsFromBorrowingsClassifiedAsFinancingActivities | — | — | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2018 | Q4 2017 | Q3 2018 | Q3 2017 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|---|
| Cost of Goods and Services Sold | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Selling, General and Administrative ExpenseUSD | — | — | 43,739,000Source | 45,209,000Source | 335,151,000Source | 326,375,000Source | 317,956,000Source | 289,985,000Source |
| Operating Income (Loss)USD | — | — | — | — | — | — | — | 208,016,000Source |
| Total RevenueUSD | — | — | 362,430,000Source | 348,629,000Source | 2,757,511,000Source | 2,620,903,000Source | 2,572,357,000Source | 2,404,376,000Source |
| Additional Financial Items | ||||||||
| ApplicableTaxRatenumber | — | — | — | — | 0.23Source | — | — | — |
| AverageEffectiveTaxRatenumber | — | — | — | — | 0.06Source | 0.06Source | 0.06Source | 0.06Source |
| BasicEarningsLossPerShareUSD per share | — | — | 0.46Source | 0.34Source | 5.22Source | 4.19Source | 5.31Source | 3.57Source |
| CurrentTaxExpenseIncomeUSD | — | — | — | — | 68,343,000Source | 54,743,000Source | 75,407,000Source | 52,956,000Source |
| DeferredTaxExpenseIncomeUSD | — | — | — | — | -11,678,000Source | -8,668,000Source | -20,172,000Source | -10,342,000Source |
| DeferredTaxExpenseIncomeRecognisedInProfitOrLossUSD | — | — | — | — | — | 377,000Source | 2,213,000Source | 3,084,000Source |
| DepreciationAndAmortisationExpenseUSD | — | — | — | — | 115,495,000Source | 121,189,000Source | 115,308,000Source | 122,184,000Source |
| DilutedEarningsLossPerShareUSD per share | — | — | 0.45Source | 0.33Source | 5.09Source | 4.12Source | 5.21Source | 3.5Source |
| ExpenseFromSharebasedPaymentTransactionsWithEmployeesUSD | — | — | — | — | 16,164,000Source | 18,622,000Source | 14,953,000Source | — |
| FinanceCostsUSD | — | — | 4,409,000Source | 3,593,000Source | 38,063,000Source | 42,134,000Source | 27,216,000Source | 29,994,000Source |
| FinanceIncomeUSD | — | — | 304,000Source | -12,000Source | 15,920,000Source | 13,800,000Source | 7,286,000Source | 5,989,000Source |
| GrossProfitUSD | — | — | 80,190,000Source | 77,195,000Source | 684,683,000Source | 643,711,000Source | 622,465,000Source | 563,859,000Source |
| IncomeTaxExpenseContinuingOperationsUSD | — | — | 4,297,000Source | 5,504,000Source | 56,665,000Source | 46,075,000Source | 55,235,000Source | 42,614,000Source |
| InterestExpenseOnLeaseLiabilitiesUSD | — | — | — | — | 6,506,000Source | — | — | — |
| OtherOperatingIncomeExpenseUSD | — | — | — | — | 270,521,000Source | 239,368,000Source | 276,640,000Source | 219,171,000Source |
| ProfitLossAttributableToNoncontrollingInterestsUSD | — | — | 9,784,000Source | 7,025,000Source | 114,120,000Source | 101,718,000Source | 199,667,000Source | 141,902,000Source |
| ProfitLossAttributableToOwnersOfParentUSD | — | — | 6,780,000Source | 4,955,000Source | 79,670,000Source | 64,014,000Source | 81,393,000Source | 54,585,000Source |
| ProfitLossBeforeTaxUSD | — | — | 22,452,000Source | 18,412,000Source | 248,378,000Source | — | — | — |
| ResearchAndDevelopmentExpenseUSD | — | — | 9,891,000Source | 10,076,000Source | 84,380,000Source | 77,968,000Source | 72,129,000Source | 65,858,000Source |
| ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethodUSD | — | — | — | — | 248,378,000Source | 211,034,000Source | 256,710,000Source | 184,011,000Source |
| ProfitLossFromOperatingActivities | — | — | —Source | —Source | — | — | — | — |
Filing attachments
ea030312001ex99-1.htm · 6-K · 2026-08-25
Exhibit 99.1 PRESS RELEASE Formula Systems Reports Second Quarter and First Half 2026 Financial Results Revenues for the second quarter increased by 29.8% year over year, reaching a second quarter record-breaking $782.4 million. Net income attributable to Formula Systems’ shareholders for the second quarter increased by 54.6% year over year, reaching $23.3 million. OR YEHUDA, Israel, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Com…
Read attachment ↗ea029472301ex99-1.htm · 6-K · 2026-06-15
Exhibit 99.1 FORMULA SYSTEMS (1985) LTD. Terminal Center, 1 Yahadut Canada St., Or Yehuda 6037501, Israel June 15, 2026 NOTICE OF 2026 ANNUAL GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON MONDAY, JULY 20, 2026 Formula Systems (1985) Ltd. Shareholders: We hereby notify you that the 2026 Annual General Meeting of Shareholders, or the Meeting, of Formula Systems (1985) Ltd., referred to as the Company, Formula, we, us, our, or in similar terms, will be held at 2:00 p.m. (Israel time) on Mond…
Read attachment ↗ea029472301ex99-2.htm · 6-K · 2026-06-15
Exhibit 99.2 FORMULA SYSTEMS (1985) LTD. PROXY FOR ANNUAL GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON JULY 20, 2026 THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby constitutes and appoints Asaf Berenstin and Maayan Ben David and each of them, the true and lawful attorneys, agents and proxies of the undersigned, with full power of substitution to each of them, to represent and to vote, on behalf of the undersigned, all of the Ordinary Shares of Formula Sy…
Read attachment ↗ea029235801ex99-1.htm · 6-K · 2026-05-28
EX-99.1 CHARTER 2 ea029235801ex99-1.htm FORMULA REPORTS 1ST QUARTER FINANCIAL RESULTS Exhibit 99.1 PRESS RELEASE Formula Systems Reports First Quarter 2026 Financial Results Revenues for the first quarter increased by 19.2% year over year, reaching a first quarter record-breaking $738.3 million. Net income attributable to Formula Systems’ shareholders for the first quarter increased by 84.5% year over year, reaching a first quarter all-time high of $35.6 Million. OR YEHUDA, Israel, May 2…
Read attachment ↗ea029069201ex99-1.htm · 6-K · 2026-05-14
Exhibit 99.1 PRESS RELEASE Formula Systems Declares a Special Cash Dividend of $200 Million, or $13.045 Per Share, for Year 2025 Or Yehuda, Israel, May 14, 2026 - Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, today announced that its board of di…
Read attachment ↗ea028349901ex99-1.htm · 6-K · 2026-03-26
Exhibit 99.1 PRESS RELEASE Formula Systems Reports Fourth Quarter and Full Year 2025 Financial Results 2025 Full-year revenues increased by 18.4% year over year, reaching $2.63 billion. Net income attributable to Formula shareholders reached $606.5 million following the completion of Sapiens’ acquisition by Advent. OR YEHUDA, Israel, March 26, 2026 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group enga…
Read attachment ↗