Formula Systems (1985) (FORTY) Research & Development (2009 - 2026)
Formula Systems (1985)'s (FORTY) quarterly Research & Development came in at $5.2 billion in Q1 2026, up 7.44% YoY from $4.8 billion in Q1 2025, and up 97668.11% on a QoQ basis from $5.3 million in Q4 2025.
Formula Systems (1985) (FORTY) Research & Development (2009 - 2026) Analysis & Trends
Formula Systems (1985) (FORTY) has 18 years of Research & Development data on file, last reported at $5.2 billion in Q1 2026.
- Quarterly Research & Development rose 7.44% year-over-year to $5.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $10.0 billion (down 61.23% YoY) and the FY2025 annual result came in at $20.0 million, up 10.77% from the prior year.
- Research & Development improved to $5.2 billion in Q1 2026, from $5.3 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $21.0 billion in Q3 2024 to a low of $5.3 million in Q4 2025.
- A 5-year average of $7.9 billion and a median of $2.4 billion in 2025 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development jumped 112626.3% — and 2024, when it slumped 99.97%.
- Tracing FORTY's Research & Development over 5 years: stood at $18.9 billion in 2022, then rose by 4.67% to $19.7 billion in 2023, then tumbled by 99.97% to $6.2 million in 2024, then retreated by 15.14% to $5.3 million in 2025, then soared by 97668.11% to $5.2 billion in 2026.
- The last three Research & Development figures came in at $5.2 billion (Q1 2026), $5.3 million (Q4 2025), and $23.8 million (Q2 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 223.50 Bn | 212.14 Bn | 9.91 Bn | 2.31 Bn |
| 2 | Accenture | 113.94 Bn | 103.77 Bn | 6.13 Bn | 1.81 Bn |
| 3 | Infosys | 48.81 Bn | 48.81 Bn | 1.60 Bn | 270.00 Mn |
| 4 | Cgi | 33.12 Bn | 32.66 Bn | - | - |
| 5 | Cognizant Technology Solutions | 29.13 Bn | 28.08 Bn | 1.83 Bn | - |
| 6 | Fidelity National Information Services | 21.52 Bn | 20.77 Bn | 1.17 Bn | - |
| 7 | Broadridge Financial Solutions | 21.00 Bn | 20.59 Bn | 853.00 Mn | - |
| 8 | Wipro | 19.72 Bn | 18.65 Bn | 738.00 Mn | -174.00 Mn |
| 9 | Leidos Holdings | 17.82 Bn | 17.07 Bn | 817.00 Mn | - |
| 10 | Formula Systems (1985) | 1.78 Bn | 597.45 Mn | 146.04 Bn | 5.17 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.17 Bn |
| Dec 31, 2025 | 5.29 Mn |
| Jun 30, 2025 | 23.82 Mn |
| Mar 31, 2025 | 4.81 Bn |
| Dec 31, 2024 | 6.23 Mn |
| Sep 30, 2024 | 20.98 Bn |
| Jun 30, 2024 | 20.43 Mn |
| Mar 31, 2024 | 20.22 Mn |
| Dec 31, 2023 | 19.75 Bn |
| Sep 30, 2023 | 19.70 Bn |
| Jun 30, 2023 | 19.21 Bn |
| Mar 31, 2023 | 19.31 Mn |
| Dec 31, 2022 | 18.87 Bn |
| Sep 30, 2022 | 18.06 Bn |
| Jun 30, 2022 | 17.85 Mn |
| Mar 31, 2022 | 17.35 Mn |
| Dec 31, 2021 | 16.74 Mn |
| Sep 30, 2021 | 16.80 Mn |
| Jun 30, 2021 | 16.32 Mn |
| Mar 31, 2021 | 16.00 Mn |