Stocks Technology FORTY
NASDAQ · TechnologyFormula Systems (1985) Ltd (FORTY)
Formula Systems (1985) Ltd reported revenue of $2.8B in fiscal 2024, up 5.2% from a year earlier. Net income was $79.7M, a net margin of 2.9%. Operating cash flow minus capital spending left $308M of free cash flow in fiscal 2024. At December 31, 2024 it held $507.8M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on May 13, 2026.
Key facts about Formula Systems (1985) Ltd
- Net worth
- Formula Systems (1985) Ltd has a market value (market cap) of $1.9B at the latest share price, and shareholders' equity of $679.3M on its balance sheet at December 31, 2024. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2024 revenue was $2.8B (+5.2% year on year), with net income of $79.7M.
- Cash flow
- In fiscal 2024 operations brought in $324.5M of cash; after $16.4M of capital spending, free cash flow was $308M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on May 13, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
- Dividend
- Formula Systems (1985) Ltd declared dividends of $0.34 per share in fiscal 2017.
What Formula Systems (1985) Ltd does
Formula Systems (1985) Ltd is registered with the SEC under industry code SIC 7371 (Services-Computer Programming Services). Its shares trade on NASDAQ under the ticker FORTY.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2024 | $2.8B | $79.7M | $5.09 | $308M |
| 2023 | $2.6B | $64M | $4.12 | $278.3M |
| 2022 | $2.6B | $81.4M | $5.21 | $217.1M |
| 2021 | $2.4B | $141.9M | $3.50 | $191.7M |
| 2020 | $1.9B | $114M | $3.01 | $271.5M |
| 2019 | $1.7B | $94.4M | $2.44 | $173.7M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where FORTY ranks in Technology
Dividends
Formula Systems (1985) Ltd declared $0.34 per share in fiscal 2017.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2017 | $0.34 | n/a | n/a |
| 2014 | $0.54 | n/a | n/a |
| 2013 | $0.31 | n/a | n/a |
Latest SEC filings
What Formula Systems (1985) Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 25, 2026
- August 5, 2026Passive stake changed SCHEDULE 13G/A
- July 29, 2026Passive stake changed SCHEDULE 13G/A
- July 20, 2026
- June 15, 2026
- June 8, 2026Passive stake changed SCHEDULE 13G/A
- May 28, 2026
- May 14, 2026
- May 13, 2026Annual report (foreign issuer) 20-F · period to December 31, 2025
- May 5, 2026Passive stake changed SCHEDULE 13G/A
Insider trades
What the people running Formula Systems (1985) Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns FORTY
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Formula Systems (1985) Ltd.13D, may seek influence with 1 related filers | 100% | February 26, 2026 |
| Menora Mivtachim Holdings Ltd.13G, passive with 1 related filers | 8.86% | August 5, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 13 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| GHP Investment Advisors, Inc. | 7,716 | 0 |
| Dimensional Fund Advisors LP | 3,315 | 0 |
| Morgan Stanley | 2,707 | -1 |
| Altshuler Shaham Ltd | 2,565 | -5,177 |
| Clal Insurance Enterprises Holdings Ltd | 777,703 | -47,000 |
| BlackRock, Inc. | 680 | 0 |
| Royal Bank of Canada | 500 | new |
| Bnp Paribas Financial Markets | 100 | 0 |
| UBS Group AG | 57 | -70 |
| Osaic Holdings, Inc. | 7 | +2 |
| Smartleaf Asset Management LLC | 2 | 0 |
| CX Institutional | 1,844 | -315 |
| Harel Insurance Investments & Financial Services Ltd. | 75 | 0 |
Insiders
Questions about FORTY
What does Formula Systems (1985) Ltd do?
Formula Systems (1985) Ltd is a company in the Technology sector, listed on NASDAQ as FORTY. Its shares trade on NASDAQ under the ticker FORTY.
What is Formula Systems (1985) Ltd's net worth?
Formula Systems (1985) Ltd has a market value (market cap) of $1.9B at the latest share price, and shareholders' equity of $679.3M on its balance sheet at December 31, 2024. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Formula Systems (1985) Ltd profitable?
Yes. In fiscal 2024 it reported net income of $79.7M on revenue of $2.8B, a net margin of 2.9%.
How much revenue does Formula Systems (1985) Ltd make?
In fiscal 2024 Formula Systems (1985) Ltd reported revenue of $2.8B. That is 5.2% more than a year earlier.
When did Formula Systems (1985) Ltd last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on May 13, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from August 25, 2026.
Does Formula Systems (1985) Ltd pay a dividend?
Yes. Formula Systems (1985) Ltd declared dividends of $0.34 per share in fiscal 2017.
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Where the numbers come from
Financial figures are the values Formula Systems (1985) Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.