Formula Systems (1985) (FORTY) EBT (2009 - 2026)
Formula Systems (1985)'s (FORTY) quarterly EBT came in at $66.0 million in Q2 2026, up 66.71% on a YoY basis from $39.6 million in Q2 2025, and down 15.18% quarter-over-quarter from $77.8 million in Q1 2026.
Analysis
Formula Systems (1985) (FORTY) EBT (2009 - 2026) Analysis & Trends
Formula Systems (1985) (FORTY) has reported EBT for 18 consecutive years, with $66.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBT rose 66.71% year-over-year to $66.0 million; the trailing twelve-month figure through Jun 2026 stood at $207.6 million (up 24.88% YoY), and the FY2025 full-year result was $146.4 million, down 7.85% from the prior year.
- EBT fell to $66.0 million in Q2 2026 per FORTY's latest filing, from $77.8 million in the prior quarter.
- Across five years, EBT topped out at $95.8 million in Q2 2022 and bottomed at $18.1 million in Q4 2025.
- Historically, EBT has averaged $53.3 million across 5 years, with a median of $53.1 million in 2022.
- The sharpest annual moves came in 2022 and 2025: EBT jumped 114.87% in 2022, then plunged 55.66% in 2025.
- Over 5 years, EBT stood at $53.3 million in 2022, then decreased by 4.03% to $51.1 million in 2023, then retreated by 20.35% to $40.7 million in 2024, then sank by 55.66% to $18.1 million in 2025, then soared by 265.63% to $66.0 million in 2026.
- According to Business Quant data, EBT over the past three periods registered $66.0 million, $77.8 million, and $18.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.60 Bn | 44.60 Bn | 1.60 Bn | 1.16 Bn |
| 2 | Cognizant Technology Solutions | 27.12 Bn | 26.07 Bn | 1.83 Bn | 875.00 Mn |
| 3 | Cgi | 15.39 Bn | 14.81 Bn | - | 458.28 Mn |
| 4 | EPAM Systems | 5.94 Bn | 5.15 Bn | 429.57 Mn | 140.55 Mn |
| 5 | Science Applications International | 5.45 Bn | 5.32 Bn | 239.00 Mn | 119.00 Mn |
| 6 | ExlService Holdings | 5.30 Bn | 5.02 Bn | 225.96 Mn | 83.97 Mn |
| 7 | Kyndryl Holdings | 2.78 Bn | 672.97 Mn | 776.00 Mn | -69.00 Mn |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 66.02 Mn |
| 9 | Innodata | 1.79 Bn | 1.54 Bn | 42.46 Mn | 17.56 Mn |
| 10 | DXC Technology | 1.78 Bn | -223.20 Mn | 611.00 Mn | 241.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 66.02 Mn |
| Mar 31, 2026 | 77.84 Mn |
| Dec 31, 2025 | 18.06 Mn |
| Sep 30, 2025 | 45.70 Mn |
| Jun 30, 2025 | 39.60 Mn |
| Mar 31, 2025 | 43.03 Mn |
| Dec 31, 2024 | 40.72 Mn |
| Sep 30, 2024 | 42.90 Mn |
| Jun 30, 2024 | 61.21 Mn |
| Mar 31, 2024 | 56.98 Mn |
| Dec 31, 2023 | 51.13 Mn |
| Sep 30, 2023 | 51.82 Mn |
| Jun 30, 2023 | 54.37 Mn |
| Mar 31, 2023 | 53.71 Mn |
| Dec 31, 2022 | 53.28 Mn |
| Sep 30, 2022 | 52.90 Mn |
| Jun 30, 2022 | 95.82 Mn |
| Mar 31, 2022 | 54.72 Mn |
| Dec 31, 2021 | 52.19 Mn |
| Sep 30, 2021 | 44.87 Mn |