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Popularity #5,249Dividend on the way · $1.63

FORTY · NASDAQ · Information Technology Services

Formula Systems (1985) (ADR) (FORTY)

Builds and oversees a decentralized portfolio of software and IT-services businesses.

$113.51

After hours0.00 (0.00%)

At close$113.51(−0.43%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	655	640	698	668	700	558	616	759	700	713	738	782
Cost of revenue	495	479	534	501	527	437	497	570	564	572	592	624
Gross profit	160	161	164	166	173	121	120	189	136	141	146	158
	101	101	102	101	102	73	70	120	82	108	64	87
Research & development	20	20	20	20	21	6	5	24	5	5	5	6
	82	81	81	81	88	65	66	96	77	103	76	81
Selling & marketing	0	17	0	0	0	0	0	0	0	0	0	0
General & administrative	0	64	0	0	0	0	0	0	0	0	0	0
Other expenses	0	0	0	0	−7	2	0	0	0	0	−17	0
Operating income	58	60	63	65	71	48	49	69	55	33	82	72
	−6	−9	−5	−4	−5	−6	−6	−10	−8	−13	−4	−6
Interest income	0	4	0	0	0	0	0	0	0	0	0	0
Interest expense	6	9	6	4	6	7	6	10	9	24	4	6
Other non-operating income	0	0	0	0	7	0	0	0	0	0	0	0
Income before tax	52	51	57	61	66	43	44	59	47	20	78	66
Income tax expense	12	11	13	14	14	11	11	15	12	7	15	14
Net income from continuing operations	40	41	44	47	52	32	33	44	35	13	63	52
Discontinued operations	0	0	0	0	0	19	8	0	13	554	0	0
Net income	16	16	17	19	24	20	19	15	17	558	36	23
EPS, basic	$1.02	$1.03	$1.12	$1.23	$1.55	$1.31	$1.26	$0.98	$0.76	$36.46	$2.33	$1.52
EPS, diluted	$1.00	$1.01	$1.10	$1.20	$1.51	$1.28	$1.23	$0.95	$0.73	$35.25	$2.25	$1.47
Weighted average shares, basic	15	15	15	15	15	15	15	15	15	15	15	15
Weighted average shares, diluted	16	16	16	16	16	16	16	16	16	16	16	16
EBITDA	70	72	75	65	76	48	49	69	55	186	99	72
Depreciation & amortization	12	12	12	0	12	0	0	0	0	154	17	0
EBIT	58	60	63	65	65	48	49	69	55	33	82	72