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Formula Systems (1985) Ltd. (FORTY) is a technology company in the application development services industry, based in Or Yehuda, Israel, with about 19,337 full-time employees.
It reported revenue of $2.63 billion for fiscal year 2025, down 4.7% from fiscal year 2024, and net income of $606.48 million. In Q2 2026 (the quarter ended June 30, 2026) revenue was $782.44 million, up 5.3% from a year before. ISRAEL was its largest region in fiscal year 2025, with 80% of revenue. Its market capitalization was $1.81 billion as of October 5, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 5, 2026.
, through its subsidiaries, operates as an information technology company in Israel and internationally.
Formula Systems (1985) reported $2.63 billion in revenue for fiscal year 2025, down 4.7% from $2.76 billion in fiscal year 2024. In Q2 2026 revenue was $782.44 million.
ISRAEL: 80% of revenue by region in fiscal year 2025, followed by UNITED STATES (17%).
$1.81 billion as of October 5, 2026.
Listed companies of a similar size in the same industry (application development services) include Epam Systems, Inc. (EPAM), Globant S.a. (GLOB), Alpha Technology Group Limited (ATGL), Ci&t Inc. (CINT).