Magic Software Enterprises Ltd. income statement RMTHF

Annual Quarterly

In fiscal 2024, which ended Dec 31, 2024, Magic Software Enterprises Ltd. reported revenue of $552.5 million, up 3.3% from the year before. Net income was $43.3 million, a profit margin of 7.8%. Diluted earnings per share were $0.75. Across the 7 fiscal years shown, revenue grew from $176.0 million in fiscal 2015 to $552.5 million in fiscal 2024, about 21.0% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

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	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016	FY 2015 Dec 31, 2015
Revenue	553 +3.3%	535 -5.6%	567	—	—	—	284 +10.2%	258 +28.0%	202 +14.6%	176 +7.1%
Cost of revenue	395 +3.3%	382 -7.1%	411 +18.5%	347 +32.8%	262 +17.0%	224 +14.3%	196 +11.6%	175 +31.3%	133 +17.8%	113 +13.5%
Gross profit	158 +3.2%	153 -1.5%	155 +16.8%	133 +21.4%	110 +7.3%	102 +15.0%	89 +7.0%	83 +21.6%	68 +8.7%	63 -2.7%
Research and development	13 +28.9%	10 +2.4%	10 +12.2%	9 +2.3%	9 +6.7%	8 +44.6%	6 -17.9%	7 +18.9%	6 +19.5%	5 +2.9%
Selling, general and administrative	42 +425.0%	8 -2.0%	8 -88.2%	69 +17.3%	59 -1.4%	60 +16.6%	51 +2.8%	50 +21.2%	41 +13.3%	36 -6.7%
Operating income	—	—	—	51 +26.2%	41 +20.6%	34 +6.2%	32 +22.1%	26 +23.1%	21 -1.6%	21 +3.4%
Pretax income	55 +4.2%	52	—	45 +21.0%	37 +15.2%	32 +2.0%	32 +31.4%	24 +17.4%	21 -0.5%	21 +10.0%
Income tax	11 +14.0%	10 -10.8%	11	—	—	—	—	—	—	—
Net income	43 +1.9%	43 -8.2%	46 +31.0%	35 +17.3%	30 +17.7%	26 +3.3%	25 +38.3%	18 +7.2%	17 -2.2%	17 +3.1%
Basic EPS	0.75 +0.0%	0.75 -8.5%	0.82	—	—	—	—	—	—	—
Diluted EPS	0.75 +0.0%	0.75 +23.0%	—	0.61	—	—	—	—	—	—
Weighted average shares, basic	49 +0.0%	49 +0.0%	49	—	—	—	—	—	—	—
Weighted average shares, diluted	49 +0.0%	49 -0.1%	49	—	—	—	—	—	—	—
Other measures
Depreciation and amortization	21 +1.0%	21 +3.8%	20 +33.3%	15 +6.5%	14 -0.6%	14 +11.6%	13 -7.7%	14 +17.3%	12 +17.4%	10 +14.1%
EBITDA	—	—	—	66 +21.2%	55 +14.4%	48 +7.7%	44 +11.9%	40 +21.0%	33 +4.4%	31 +6.6%
Margins
Gross margin	28.56%	28.59%	27.41%	—	—	—	31.23%	32.14%	33.85%	35.68%
Operating margin	—	—	—	—	—	—	11.15%	10.06%	10.46%	12.18%
Pretax margin	9.89%	9.80%	—	—	—	—	11.20%	9.39%	10.24%	11.79%
Profit margin	7.84%	7.94%	8.17%	—	—	—	8.71%	6.94%	8.29%	9.70%
EBITDA margin	—	—	—	—	—	—	15.56%	15.33%	16.21%	17.79%
Effective tax rate	20.74%	18.94%	—	—	—	—	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry: Services-Prepackaged Software (SIC 7372)
Listed as: RMTHF (OTC)
Fiscal year ends: December 31
Incorporated in: Israel
Headquarters: Or Yehuda Israel, Israel
SEC filer status: Accelerated filer
SEC CIK: 876779

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.