Formula Systems (1985) (FORTY) Research & Development (2009 - 2026)
Formula Systems (1985) (FORTY) posted quarterly Research & Development of $5.2 billion for Q1 2026, up 7.44% year-on-year 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 reported Research & Development for 18 consecutive years, with $5.2 billion the latest figure, recorded 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 advanced to $5.2 billion in Q1 2026 per FORTY's latest filing, from $5.3 million in the prior quarter.
- Over the last five years, Research & Development for FORTY reached as high as $21.0 billion in Q3 2024 and fell as low as $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 surged 112626.3% — and 2024, when it sank 99.97%.
- Year by year, Research & Development stood at $18.9 billion in 2022, then climbed by 4.67% to $19.7 billion in 2023, then plunged by 99.97% to $6.2 million in 2024, then dropped by 15.14% to $5.3 million in 2025, then soared by 97668.11% to $5.2 billion in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $5.2 billion, $5.3 million, and $23.8 million for Q1 2026, Q4 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 2.31 Bn |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 1.81 Bn |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | -1.39 Mn |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | 270.00 Mn |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | - |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | - |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | - |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | -174.00 Mn |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | - |
| 10 | Formula Systems (1985) | 1.63 Bn | 883.74 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 |