Formula Systems (1985) Ltd

NAS:FORTYTechnologyNASDAQ:IXCOnasdaq_composite

$114.28−0.28%LiveIn session · ≈ AED 419.67 · Market cap —

FORTY · Income statement · TradingHolo

USD billions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	TTM	YoY
Revenue	1.9	2.4	2.6	2.6	2.8	2.6	2.9	+11.3%
Cost of revenue	1.5	1.8	1.9	2.0	2.1	2.2	2.4	+7.5%
Gross profit	0.4	0.6	0.6	0.6	0.7	0.5	0.6	+29.5%
Research & development	0.1	0.1	0.1	0.1	0.1	0.0	0.0	+5.5%
Selling, general & administrative	0.2	0.3	0.3	0.3	0.3	0.2	—	—
Selling & marketing	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Operating expenses	0.3	0.4	0.3	0.4	0.4	0.3	0.3	+30.2%
Operating income	0.2	0.2	0.3	0.2	0.3	0.2	0.2	+28.5%
Interest expense	0.0	0.0	0.0	0.0	0.0	0.0	0.0	+38.5%
Interest income	0.0	0.0	0.0	0.0	0.0	0.0	0.0	—
Other income / expense	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	—	—
Pre-tax income	0.1	0.2	0.3	0.2	0.3	0.2	0.2	+38.4%
Income tax	0.0	0.0	0.1	0.0	0.1	0.0	0.0	+18.8%
Net income	0.0	0.1	0.1	0.1	0.1	0.0	0.6	+2136.7%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	(0.0)	—	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—	—
EPS, basic (per share)	3.05	3.57	5.31	4.17	5.21	1.85	41.48	+2141.9%
EPS, diluted (per share)	3.01	3.50	5.21	4.12	5.09	1.80	40.08	+2126.7%
EBITDA	0.3	0.3	0.4	0.4	0.4	0.3	—	—
Depreciation & amortization	0.1	0.1	0.1	0.1	0.1	0.2	—	—
Weighted average shares (shares)	15,286,000	15,290,000	15,296,000	15,301,000	15,305,000	15,308,764	—	—
Weighted average diluted shares (shares)	15,292,000	15,404,000	15,503,000	15,498,000	15,637,000	15,786,901	—	—
Gross margin	23.1%	23.4%	24.2%	24.6%	24.8%	17.0%	19.8%	+2.8 pts
Operating margin	8.8%	8.6%	10.8%	9.1%	9.8%	7.1%	8.2%	+1.1 pts
Net margin	2.4%	2.3%	3.2%	2.4%	2.9%	1.1%	21.5%	+20.5 pts

USD billionsUpdated Tue 30 Jun ·

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Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.

TTM ends 2026-06-30 and uses four consecutive reported quarters.