Formula Systems (1985) Ltd. FORTY
Annual
Quarterly
FY2024 · ended Dec 31, 2024 · Revenue $2.76B, +5.2% YoY · Filed May 15, 2025
Formula Systems (1985) Ltd. (FORTY) files with the SEC under industry code 7371, Services-Computer Programming Services. In fiscal 2024, which ended Dec 31, 2024, it reported revenue of $2.8 billion and net income of $193.8 million. Free cash flow was $308.0 million. As of Dec 31, 2024 it held $507.8 million in cash and investments and $474.3 million in total debt.
Revenue
$2.76B
+5.2% vs prior year
Net income
$193.79M
+16.9% vs prior year
Operating cash flow
$324.45M
+10.0% vs prior year
Free cash flow
$308.01M
+10.7% vs prior year
EPS
$5.09
+23.5% vs prior year
Dividend per share
$0.34
-36.4% vs prior year
Shares outstanding
15.33M
+0.0% vs prior year
Net cash
$33.47M
FY 2024
Operating margin
8.7%
FY 2021
Company profile
- Industry
- Services-Computer Programming Services (SIC 7371)
- Listed as
- FORTY (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- Israel
- Headquarters
- Or Yehuda, Israel
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1045986
- Former names
- FORMULA SYSTEMS \1985\ LTD (until Aug 30, 2004)
Other Services-Computer Programming Services companies
- Infosys Ltd INFY
- Zscaler, Inc. ZS
- Cognizant Technology Solutions Corp CTSH
- Verisign INC/CA VRSN
- Wipro Ltd WIT
- EPAM Systems, Inc. EPAM
- Amdocs Ltd DOX
- Doximity, Inc. DOCS
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
FY 2020 Dec 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.6B | $2.6B | $2.4B | $1.9B |
| Operating income | — | — | — | $208.0M | $170.6M |
| Net income | $193.8M | $165.7M | $199.7M | $141.9M | $114.0M |
| Diluted EPS | $5.09 | $4.12 | $5.21 | $3.50 | $3.01 |
| Operating cash flow | $324.4M | $295.0M | $239.1M | $209.1M | $288.1M |
| Free cash flow | $308.0M | $278.3M | $217.1M | $191.7M | $271.5M |
| Total assets | $3.0B | $2.8B | $2.8B | $2.7B | $2.5B |
| Stockholders' equity | $1.4B | $1.3B | $1.2B | $1.2B | $1.1B |
| Cash and investments | $507.8M | $451.9M | $544.3M | $485.4M | $501.6M |
| Total debt | $474.3M | $44.1M | $45.5M | $41.7M | $32.1M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Aug 25, 2026 | Aug 25, 2026 |
| 6-K | Current report (foreign issuer) | Jul 20, 2026 | Jul 20, 2026 |
| 6-K | Current report (foreign issuer) | Jun 15, 2026 | Jun 15, 2026 |
| 6-K | Current report (foreign issuer) | May 28, 2026 | May 28, 2026 |
| 6-K | Current report (foreign issuer) | May 14, 2026 | May 14, 2026 |
| 20-F | Annual report (foreign issuer) | May 13, 2026 | Dec 31, 2025 |
All 523 Formula Systems (1985) Ltd. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.