Formula Systems (1985) Ltd.

FORTY · NASDAQ
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9/30/2025
6/30/2025
3/31/2025
12/31/2024
Revenue$697$743$755$691
% Growth-6.3%-1.5%9.1%
Cost of Goods Sold$561$558$574$511
Gross Profit$136$185$181$180
% Margin19.5%25%23.9%26.1%
R&D Expenses$5$24$21$22
G&A Expenses$0$0$0$69
SG&A Expenses$76$94$89$85
Sales & Mktg Exp.$0$0$0$16
Other Operating Expenses$0$0$0$2
Operating Expenses$81$118$110$109
Operating Income$55$68$71$72
% Margin7.8%9.1%9.3%10.4%
Other Income/Exp. Net-$8-$10-$5-$5
Pre-Tax Income$47$58$66$67
Tax Expense$12$14$15$16
Net Income$17$15$19$20
% Margin2.5%2%2.6%2.9%
EPS0.760.981.261.31
% Growth-22.4%-22.2%-3.8%
EPS Diluted0.730.951.231.28
Weighted Avg Shares Out24151515
Weighted Avg Shares Out Dil16161616
Supplemental Information
Interest Income$0$0$0$0
Interest Expense$9$10$6$7
Depreciation & Amortization$11$0$0$0
EBITDA$66$68$71$72
% Margin9.5%9.1%9.3%10.4%