Formula Systems (1985) (FORTY) Short term Debt (2010 - 2026)
Formula Systems (1985)'s (FORTY) quarterly Short term Debt came in at $85.6 million in Q2 2026, up 50.54% on a YoY basis from $56.9 million in Q2 2025, and up 8.39% quarter-over-quarter from $79.0 million in Q1 2026.
Analysis
Formula Systems (1985) (FORTY) Short term Debt (2010 - 2026) Analysis & Trends
Formula Systems (1985) (FORTY) has reported Short term Debt for 15 consecutive years, with $85.6 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Short term Debt rose 50.54% year-over-year to $85.6 million; the trailing twelve-month figure through Jun 2026 stood at $85.6 million (up 50.54% YoY), and the FY2025 full-year result was $61.6 million, up 17.47% from the prior year.
- Short term Debt improved to $85.6 million in Q2 2026 per FORTY's latest filing, from $79.0 million in the prior quarter.
- Across five years, Short term Debt topped out at $85.6 million in Q2 2026 and bottomed at -$271000.0 in Q4 2023.
- Historically, Short term Debt has averaged $52.8 million across 5 years, with a median of $52.8 million in 2022.
- The sharpest annual moves came in 2023 and 2024: Short term Debt plunged 100.45% in 2023, then jumped 19443.17% in 2024.
- Over 5 years, Short term Debt stood at $60.5 million in 2022, then tumbled by 100.45% to -$271000.0 in 2023, then surged by 19443.17% to $52.4 million in 2024, then gained by 17.47% to $61.6 million in 2025, then surged by 39.06% to $85.6 million in 2026.
- According to Business Quant data, Short term Debt over the past three periods registered $85.6 million, $79.0 million, and $61.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 44.97 Bn | 44.97 Bn | 1.60 Bn |
| 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 |
| 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 |
| 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 | 85.63 Mn |
| Mar 31, 2026 | 79.00 Mn |
| Dec 31, 2025 | 61.58 Mn |
| Sep 30, 2025 | 61.40 Mn |
| Jun 30, 2025 | 56.88 Mn |
| Mar 31, 2025 | 53.85 Mn |
| Dec 31, 2024 | 52.42 Mn |
| Sep 30, 2024 | 50.64 Mn |
| Jun 30, 2024 | 49.40 Mn |
| Mar 31, 2024 | 49.34 Mn |
| Dec 31, 2023 | -271,000.00 |
| Sep 30, 2023 | 42.18 Mn |
| Jun 30, 2023 | 51.19 Mn |
| Mar 31, 2023 | 60.30 Mn |
| Dec 31, 2022 | 60.50 Mn |
| Sep 30, 2022 | 53.25 Mn |
| Jun 30, 2022 | 43.68 Mn |
| Mar 31, 2022 | 40.02 Mn |
| Dec 31, 2021 | 39.56 Mn |
| Sep 30, 2021 | 35.40 Mn |