Financials in USD. Standardized financial statements.
A compact view of how Formula Systems (1985) Ltd. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $2.65B | $2.76B | $2.62B | $2.57B | $2.41B | $1.93B | $1.70B | $1.49B | $1.36B | $1.11B |
| Revenue Growth? | -4.0% | +5.2% | +1.9% | +6.9% | +24.4% | +13.7% | +13.9% | +10.2% | +22.2% | 0.0% |
| Cost of Revenue? | $2.20B | $2.07B | $1.98B | $1.95B | $1.84B | $1.49B | $1.32B | $1.16B | $1.06B | $849.84M |
| Gross Profit? | $451.39M | $684.03M | $643.71M | $622.47M | $563.86M | $447.43M | $386.05M | $333.31M | $296.82M | $258.78M |
| Gross Margin? | +17.0% | +24.8% | +24.6% | +24.2% | +23.4% | +23.1% | +22.7% | +22.3% | +21.9% | +23.3% |
| Operating Expenses? | $262.75M | $414.16M | $404.34M | $345.82M | $355.84M | $276.79M | $247.56M | $223.69M | $223.15M | $170.28M |
| Operating Income? | $188.64M | $270.52M | $239.37M | $276.64M | $208.02M | $170.64M | $51.56M | $109.62M | $73.67M | $88.50M |
| EBITDA? | $342.36M | $386.02M | $371.23M | $396.96M | $332.65M | $264.97M | $228.15M | $158.35M | $117.80M | $88.50M |
| Income Before Tax | $151.23M | $250.46M | $211.81M | $254.90M | $184.52M | $145.29M | $119.84M | $101.36M | $50.81M | $76.91M |
| Income Tax Expense | $40.78M | $56.66M | $46.08M | $55.23M | $42.61M | $31.27M | $27.20M | $24.34M | $13.37M | $21.16M |
| Net Income? | $28.39M | $79.67M | $64.01M | $81.39M | $54.59M | $46.78M | $92.64M | $32.20M | $11.18M | $22.45M |
| EPS? | $1.85 | $5.21 | $4.17 | $5.31 | $3.57 | $3.05 | $6.10 | $2.13 | $0.78 | $1.58 |
| Diluted EPS? | $1.80 | $5.09 | $4.12 | $5.21 | $3.50 | $3.01 | $6.04 | $2.07 | $0.74 | $1.49 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality