Formula Systems (1985) Ltd. (TLV:FORTY)

Formula Systems (1985) Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	1,182	1,280	507.8	451.95	544.34	485.39
Short-Term Investments	0.99	0.37	55.4	76.22	23.98	25.92
Trading Asset Securities	-	-	-	-	0.74	1.14
Cash & Short-Term Investments	1,183	1,280	563.2	528.17	569.06	512.46
Cash Growth	110.03%	127.36%	6.63%	-7.18%	11.04%	-3.89%
Accounts Receivable	844.56	774.47	803.24	721.01	702.73	696.32
Other Receivables	-	36.38	41.89	43.99	22.35	23.25
Receivables	844.56	810.85	845.12	765	725.07	719.57
Inventory	36.3	30.25	30.73	42.01	35.18	21.22
Prepaid Expenses	110.7	44.23	48	40.68	42.19	48.87
Total Current Assets	2,174	2,166	1,487	1,376	1,371	1,302
Property, Plant & Equipment	199.3	192.58	207.44	173.04	171.65	172.5
Long-Term Investments	418.28	353.46	43.9	45.23	35.47	29.62
Goodwill	-	646.24	975.08	936.58	926.16	932.85
Other Intangible Assets	819.13	148.11	217.66	207.47	222.89	242.15
Long-Term Accounts Receivable	-	0.1	7.92	7.83	5.38	2.96
Long-Term Deferred Tax Assets	26.97	26.92	33.85	46.86	42.03	46.36
Other Long-Term Assets	-	50.02	42.01	19.74	18.88	20
Total Assets	3,638	3,583	3,015	2,813	2,794	2,749

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	367.13	368.32	296.21	258.65	222.48	205.84
Accrued Expenses	236.12	439.41	332.89	282.51	287.57	287.96
Short-Term Debt	-	118.27	88	64.68	70	86.38
Current Portion of Long-Term Debt	319.27	136.33	140.57	154.18	156.17	137.77
Current Portion of Leases	43.57	42.9	45.24	44.06	45.5	41.66
Current Unearned Revenue	185.57	157.55	173.96	137.64	131.64	140.66
Other Current Liabilities	140.22	67.57	61.61	43.94	87.63	47.33
Total Current Liabilities	1,292	1,330	1,138	985.66	1,001	947.6
Long-Term Debt	212.87	186.97	250.82	322.43	421.51	362.26
Long-Term Leases	105.76	107.81	119.59	84.64	78.97	84.84
Long-Term Unearned Revenue	14.69	16.46	12.52	4.87	8.86	17.76
Pension & Post-Retirement Benefits	6.49	5.55	10.24	10.43	9.12	12.64
Long-Term Deferred Tax Liabilities	88.14	83.43	42.89	59.21	59.47	78.14
Other Long-Term Liabilities	94.25	74.92	51.01	37.18	38.13	65.55
Total Liabilities	1,814	1,805	1,626	1,504	1,617	1,569

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	1,385	4.35	4.35	4.35	4.35	4.34
Additional Paid-In Capital	-	166.24	152.65	157.48	145.37	153.05
Retained Earnings	-	1,106	536.01	475.22	419.45	358.32
Treasury Stock	-	-0.26	-0.26	-0.26	-0.26	-0.26
Comprehensive Income & Other	-	77.34	-13.42	-11.03	-17.03	25.52
Total Common Equity	1,385	1,353	679.34	625.76	551.88	540.96
Minority Interest	439.15	424.54	710.01	682.42	625.05	638.83
Shareholders' Equity	1,824	1,778	1,389	1,308	1,177	1,180
Total Liabilities & Equity	3,638	3,583	3,015	2,813	2,794	2,749

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	681.48	592.26	644.21	669.99	772.14	712.91
Net Cash (Debt)	501.43	688.23	-81.01	-141.82	-203.09	-200.45
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	31.71	43.59	-5.18	-9.15	-13.10	-13.01
Filing Date Shares Outstanding	15.32	15.33	15.33	15.33	15.33	15.32
Total Common Shares Outstanding	15.32	15.33	15.33	15.33	15.32	15.29
Working Capital	882.59	835.49	348.57	390.19	370.51	354.52
Book Value Per Share	90.42	88.26	44.31	40.81	36.03	35.37
Tangible Book Value	565.78	558.91	-513.4	-518.29	-597.17	-634.05
Tangible Book Value Per Share	36.94	36.45	-33.48	-33.80	-38.99	-41.46
Machinery	-	132.87	148.24	142.62	147.47	153.64
Leasehold Improvements	-	44.54	48.28	43.13	42.82	41.91

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 30, 2026

Data Sources Report a data error