Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 2.81B | 2.76B | 2.62B | 2.57B | 2.41B | 1.93B |
Gross Profit | 700.53M | 684.03M | 643.71M | 622.47M | 563.86M | 447.43M |
EBITDA | 278.48M | 270.52M | 371.23M | 396.96M | 332.65M | 264.97M |
Net Income | 81.83M | 79.67M | 64.01M | 201.47M | 141.40M | 112.49M |
Balance Sheet | ||||||
Total Assets | 3.05B | 3.01B | 2.81B | 2.79B | 2.75B | 2.52B |
Cash, Cash Equivalents and Short-Term Investments | 526.79M | 563.20M | 528.17M | 569.06M | 512.46M | 533.15M |
Total Debt | 626.94M | 644.21M | 669.99M | 772.67M | 712.91M | 668.54M |
Total Liabilities | 1.67B | 1.63B | 1.50B | 1.62B | 1.57B | 1.41B |
Stockholders Equity | 681.02M | 679.34M | 625.76M | 551.87M | 540.96M | 502.73M |
Cash Flow | ||||||
Free Cash Flow | 0.00 | 295.49M | 262.97M | 199.82M | 177.42M | 258.13M |
Operating Cash Flow | 0.00 | 324.45M | 294.97M | 239.14M | 208.48M | 286.94M |
Investing Cash Flow | 0.00 | -78.18M | -139.24M | -74.30M | -110.19M | -177.03M |
Financing Cash Flow | 0.00 | -184.96M | -243.18M | -70.98M | -114.13M | 9.73M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
76 Outperform | $2.06B | 26.38 | 11.46% | 1.50% | 9.16% | 16.38% | |
73 Outperform | 1.67B | 331.39 | 0.86% | ― | 22.20% | ― | |
71 Outperform | 2.10B | 15.20 | 7.67% | ― | -6.31% | -23.56% | |
69 Neutral | 2.56B | 23.01 | 5.29% | ― | 8.66% | -35.78% | |
65 Neutral | 2.51B | 6.83 | 12.05% | ― | -4.93% | 497.03% | |
43 Neutral | 2.36B | -6.61 | -34.44% | ― | 14.34% | -13.27% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
On August 19, 2025, Formula Systems announced its financial results for the second quarter and first half of 2025, showing a significant increase in revenues by 11.3% year over year, reaching $743.4 million, marking a record high for the second quarter. Despite this revenue growth, net income attributable to shareholders decreased by 20.1% due to increased financial expenses caused by adverse exchange rate differences. The company declared a dividend for the second quarter, payable on October 28, 2025, and maintained compliance with all financial covenants under its debenture series.
On August 13, 2025, Formula Systems announced that its subsidiary, Sapiens International Corporation, has entered into an agreement to be acquired by Advent, a global private equity investor, for $43.50 per share in cash, valuing Sapiens at approximately $2.5 billion. This transaction, which offers a significant premium to Sapiens’ recent share prices, will result in Sapiens becoming a privately held company, with Formula retaining a minority ownership. The acquisition is expected to accelerate Sapiens’ transition to AI and SaaS solutions, enhancing its offerings in the insurance technology sector.
On July 21, 2025, Formula Systems announced a special general meeting of shareholders to be held on August 27, 2025, at their offices in Or Yehuda, Israel. The meeting’s agenda includes the election of Mr. Ilan Regev and Mr. Amir Hillman as external directors for a three-year term, with the approval of their compensation terms. This meeting is significant for stakeholders as it involves key decisions regarding the company’s leadership and governance structure.