Formula Systems/$FORTY

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About Formula Systems

Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into operating segments: The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Magic Software segment provides vendor management systems and workforce management services, which include accounting and finance, human resources, Michpal, ZAP Group, and Others. The majority of the company's revenue comes from Israel.

Ticker

$FORTY

Sector

Business services
Primary listing

Employees

22,720

Headquarters

Or Yehuda, Israel

Formula Systems Metrics

BasicAdvanced
$2.1B
27.13
$4.97
0.36
$1.47
1.09%

Bulls say / Bears say

Q2 2025 revenue hit a record $743.4 million, up 11.3% year-over-year, driven by broad-based demand across the company’s IT services subsidiaries (GlobeNewswire).
Formula Systems anticipates a capital gain of about $775 million from retaining an 18% stake in Sapiens after Advent’s acquisition at a 64% premium, supporting future cash flow (StockTitan).
The company ended June 30, 2025, with a robust balance sheet, holding $406.2 million in cash and deposits, sustaining its capacity for strategic investments and dividends (StockTitan).
Net income for Q2 2025 fell 20.1% year-over-year to $15.1 million, mainly due to unfavorable currency translation from the strengthening Israeli Shekel (StockTitan).
Financial expenses rose sharply to $10.2 million in Q2 2025 from $3.8 million a year earlier, reflecting foreign exchange losses that put pressure on profitability (StockTitan).
Consolidated cash and equivalents dropped to $406.2 million as of June 30, 2025, compared with $563.2 million at December 31, 2024, reducing the company’s liquidity buffer (StockTitan).
Data summarised monthly by Lightyear AI. Last updated on 29 Sept 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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