Formula Systems (1985) (FORTY) Total Debt (2009 - 2026)
Formula Systems (1985)'s (FORTY) quarterly Total Debt came in at $292.7 million in Q2 2026, up 35.96% on a YoY basis from $215.3 million in Q2 2025, and down 8.42% quarter-over-quarter from $319.6 million in Q1 2026.
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Analysis
Formula Systems (1985) (FORTY) Total Debt (2009 - 2026) Analysis & Trends
Formula Systems (1985) (FORTY) has reported Total Debt for 18 consecutive years, with $292.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Total Debt rose 35.96% year-over-year to $292.7 million; the trailing twelve-month figure through Jun 2026 stood at $292.7 million (up 35.96% YoY), and the FY2025 full-year result was $239.5 million, up 23.31% from the prior year.
- Total Debt eased to $292.7 million in Q2 2026 per FORTY's latest filing, from $319.6 million in the prior quarter.
- Across five years, Total Debt topped out at $319.6 million in Q1 2026 and bottomed at $145.7 million in Q4 2023.
- Historically, Total Debt has averaged $228.1 million across 5 years, with a median of $216.8 million in 2022.
- The sharpest annual moves came in 2022 and 2023: Total Debt surged 95.41% in 2022, then sank 33.28% in 2023.
- Over 5 years, Total Debt stood at $218.4 million in 2022, then tumbled by 33.28% to $145.7 million in 2023, then soared by 33.29% to $194.2 million in 2024, then rose by 23.31% to $239.5 million in 2025, then climbed by 22.21% to $292.7 million in 2026.
- According to Business Quant data, Total Debt over the past three periods registered $292.7 million, $319.6 million, and $239.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.17 Bn | 44.22 Bn | 1.60 Bn | 282.55 Mn |
| 2 | Cognizant Technology Solutions | 26.84 Bn | 25.79 Bn | 1.83 Bn | 1.59 Bn |
| 3 | Cgi | 13.60 Bn | 13.02 Bn | - | 2.66 Bn |
| 4 | EPAM Systems | 5.82 Bn | 5.04 Bn | 429.57 Mn | 25.00 Mn |
| 5 | Science Applications International | 5.60 Bn | 5.47 Bn | 239.00 Mn | 2.52 Bn |
| 6 | ExlService Holdings | 5.35 Bn | 5.07 Bn | 225.96 Mn | 762.31 Mn |
| 7 | Kyndryl Holdings | 2.65 Bn | 639.03 Mn | 776.00 Mn | 5.85 Bn |
| 8 | Innodata | 2.10 Bn | 1.85 Bn | 42.46 Mn | 11.20 Mn |
| 9 | Formula Systems (1985) | 1.83 Bn | 1.41 Bn | 158.43 Mn | 292.67 Mn |
| 10 | DXC Technology | 1.74 Bn | 9.39 Mn | 611.00 Mn | 3.50 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 292.67 Mn |
| Mar 31, 2026 | 319.57 Mn |
| Dec 31, 2025 | 239.48 Mn |
| Sep 30, 2025 | 235.34 Mn |
| Jun 30, 2025 | 215.27 Mn |
| Mar 31, 2025 | 204.33 Mn |
| Dec 31, 2024 | 194.20 Mn |
| Sep 30, 2024 | 206.20 Mn |
| Jun 30, 2024 | 199.87 Mn |
| Mar 31, 2024 | 210.14 Mn |
| Dec 31, 2023 | 145.70 Mn |
| Sep 30, 2023 | 203.82 Mn |
| Jun 30, 2023 | 206.87 Mn |
| Mar 31, 2023 | 223.62 Mn |
| Dec 31, 2022 | 218.38 Mn |
| Sep 30, 2022 | 227.56 Mn |
| Jun 30, 2022 | 267.07 Mn |
| Mar 31, 2022 | 296.48 Mn |
| Dec 31, 2021 | 196.79 Mn |
| Sep 30, 2021 | 239.40 Mn |
API Access
Formula Systems (1985) Total Debt 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=total-debt&ticker=FORTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=FORTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();