Formula Systems (1985) (FORTY) Intangibles (2009 - 2025)
Formula Systems (1985)'s (FORTY) quarterly Intangibles came in at $147.6 million in Q4 2025, down 32.0% on a YoY basis from $217.1 million in Q4 2024, and down 32.0% quarter-over-quarter from $217.1 million in Q4 2024.
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Analysis
Formula Systems (1985) (FORTY) Intangibles (2009 - 2025) Analysis & Trends
Formula Systems (1985) (FORTY) has reported Intangibles for 17 consecutive years, with $147.6 million the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Intangibles fell 32.0% year-over-year to $147.6 million; the trailing twelve-month figure through Dec 2025 stood at $147.6 million (down 32.0% YoY), and the FY2025 full-year result was $147.6 million, down 32.0% from the prior year.
- Intangibles fell to $147.6 million in Q4 2025 per FORTY's latest filing, from $217.1 million in the prior quarter.
- Across five years, Intangibles topped out at $241.9 million in Q4 2021 and bottomed at $147.6 million in Q4 2025.
- Historically, Intangibles has averaged $207.3 million across 5 years, with a median of $217.1 million in 2024.
- The sharpest annual moves came in 2021 and 2025: Intangibles rose 8.85% in 2021, then tumbled 32.0% in 2025.
- Over 5 years, Intangibles stood at $241.9 million in 2021, then fell by 7.94% to $222.7 million in 2022, then fell by 7.09% to $206.9 million in 2023, then grew by 4.9% to $217.1 million in 2024, then sank by 32.0% to $147.6 million in 2025.
- According to Business Quant data, Intangibles over the past three periods registered $147.6 million, $217.1 million, and $206.9 million for Q4 2025, Q4 2024, and Q4 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.17 Bn | 44.22 Bn | 1.60 Bn | 486.00 Mn |
| 2 | Cognizant Technology Solutions | 26.84 Bn | 25.79 Bn | 1.83 Bn | 1.68 Bn |
| 3 | Cgi | 13.60 Bn | 13.02 Bn | - | 590.76 Mn |
| 4 | EPAM Systems | 5.82 Bn | 5.04 Bn | 429.57 Mn | 372.97 Mn |
| 5 | Science Applications International | 5.60 Bn | 5.47 Bn | 239.00 Mn | 697.00 Mn |
| 6 | ExlService Holdings | 5.35 Bn | 5.07 Bn | 225.96 Mn | 29.72 Mn |
| 7 | Kyndryl Holdings | 2.65 Bn | 639.03 Mn | 776.00 Mn | 328.00 Mn |
| 8 | Innodata | 2.10 Bn | 1.85 Bn | 42.46 Mn | 14.19 Mn |
| 9 | Formula Systems (1985) | 1.83 Bn | 1.41 Bn | 158.43 Mn | - |
| 10 | DXC Technology | 1.74 Bn | 9.39 Mn | 611.00 Mn | 1.52 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 147.62 Mn |
| Dec 31, 2024 | 217.08 Mn |
| Dec 31, 2023 | 206.93 Mn |
| Dec 31, 2022 | 222.73 Mn |
| Dec 31, 2021 | 241.94 Mn |
| Dec 31, 2020 | 222.26 Mn |
| Dec 31, 2019 | 165.28 Mn |
| Dec 31, 2018 | 150.31 Mn |
| Sep 30, 2018 | 158.36 Mn |
| Dec 31, 2017 | 163.98 Mn |
| Dec 31, 2016 | 128.45 Mn |
| Dec 31, 2015 | 104.66 Mn |
| Dec 31, 2014 | 76.87 Mn |
| Dec 31, 2013 | 39.64 Mn |
| Dec 31, 2012 | 75.26 Mn |
| Dec 31, 2011 | 20.71 Mn |
| Dec 31, 2010 | 24.41 Mn |
| Dec 31, 2009 | 27.53 Mn |
API Access
Formula Systems (1985) Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=intangibles&ticker=FORTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "ticker": "FORTY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=intangibles&ticker=FORTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();