FORMULA SYSTEMS (1985) LTD

FORTY · XNAS

CIK 1045986fmd_1QTHPRGB83VGMN49JWZ9GKF48AServices · Services-Computer Programming ServicesTemplate: Standard

Coverage: Jan 01, 2009 to Dec 31, 2025, 19 periods

Income Statement · Annual · Millions · USD
Line item	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Total revenues	973	1,109	1,355	1,493	1,701	1,934	2,404	2,572	2,621	2,758
Cost of revenue	741	850	1,058	1,160	1,315	1,486	1,841	1,950	1,977	2,073
Gross profit	232	259	297	333	386	447	564	622	644	685
Research and development	15	22	40	41	47	53	66	72	78	84
Selling, general and administrative	141	148	184	182	201	224	290	318	326	335
Operating income	76	89	73	110	138	171	208	–	–	–
Interest expense	15	18	30	16	22	29	30	27	42	38
Income before taxes	66	77	53	101	120	144	–	257	211	248
Income tax expense	16	21	13	24	27	31	43	55	46	57
Net income from continuing operations	92	56	39	77	93	112	–	201	165	192
Net income	20	22	10	32	39	47	55	81	64	80
Net income to common shareholders	–	–	–	–	–	–	–	81	64	80