Formula Systems (1985) (FORTY) Research & Development (2009 - 2026)
Formula Systems (1985)'s (FORTY) quarterly Research & Development came in at $5.8 million in Q2 2026, up 15.33% on a YoY basis from $5.0 million in Q2 2025, and up 11.32% quarter-over-quarter from $5.2 million in Q1 2026.
Analysis
Formula Systems (1985) (FORTY) Research & Development (2009 - 2026) Analysis & Trends
Formula Systems (1985) (FORTY) has reported Research & Development for 18 consecutive years, with $5.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 15.33% year-over-year to $5.8 million; the trailing twelve-month figure through Jun 2026 stood at $21.1 million (up 2.86% YoY), and the FY2025 full-year result was $20.0 million, up 10.77% from the prior year.
- Research & Development climbed to $5.8 million in Q2 2026 per FORTY's latest filing, from $5.2 million in the prior quarter.
- Across five years, Research & Development topped out at $20.4 million in Q2 2024 and bottomed at $4.5 million in Q3 2024.
- Historically, Research & Development has averaged $12.9 million across 5 years, with a median of $17.6 million in 2022.
- The sharpest annual moves came in 2024 and 2026: Research & Development plunged 77.02% in 2024, then climbed 15.33% in 2026.
- Over 5 years, Research & Development stood at $18.9 million in 2022, then advanced by 4.67% to $19.7 million in 2023, then plunged by 68.45% to $6.2 million in 2024, then slipped by 15.14% to $5.3 million in 2025, then grew by 8.83% to $5.8 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $5.8 million, $5.2 million, and $5.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.97 Bn | 44.97 Bn | 1.60 Bn | 270.00 Mn |
| 2 | Cognizant Technology Solutions | 27.17 Bn | 26.12 Bn | 1.83 Bn | - |
| 3 | Cgi | 15.39 Bn | 14.81 Bn | - | - |
| 4 | EPAM Systems | 5.98 Bn | 5.19 Bn | 429.57 Mn | - |
| 5 | Science Applications International | 5.46 Bn | 5.34 Bn | 239.00 Mn | - |
| 6 | ExlService Holdings | 5.28 Bn | 5.00 Bn | 225.96 Mn | 49.63 Mn |
| 7 | Kyndryl Holdings | 2.79 Bn | 680.69 Mn | 776.00 Mn | - |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 5.75 Mn |
| 9 | DXC Technology | 1.80 Bn | -204.47 Mn | 611.00 Mn | - |
| 10 | Innodata | 1.78 Bn | 1.53 Bn | 42.46 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.75 Mn |
| Mar 31, 2026 | 5.17 Mn |
| Dec 31, 2025 | 5.29 Mn |
| Sep 30, 2025 | 4.94 Mn |
| Jun 30, 2025 | 4.99 Mn |
| Mar 31, 2025 | 4.81 Mn |
| Dec 31, 2024 | 6.23 Mn |
| Sep 30, 2024 | 4.53 Mn |
| Jun 30, 2024 | 20.43 Mn |
| Mar 31, 2024 | 20.22 Mn |
| Dec 31, 2023 | 19.75 Mn |
| Sep 30, 2023 | 19.70 Mn |
| Jun 30, 2023 | 19.21 Mn |
| Mar 31, 2023 | 19.31 Mn |
| Dec 31, 2022 | 18.87 Mn |
| Sep 30, 2022 | 18.06 Mn |
| Jun 30, 2022 | 17.85 Mn |
| Mar 31, 2022 | 17.35 Mn |
| Dec 31, 2021 | 16.74 Mn |
| Sep 30, 2021 | 16.80 Mn |