Formula Systems (NASDAQ:FORTY), a global information technology holding company, today reported record-breaking financial results for the fourth quarter and full year ended December 31, 2025.
The company’s performance was headlined by the transformative divestiture of its interest in Sapiens International Corporation, which closed on December 17, 2025, resulting in a significantly strengthened balance sheet and record net income.
For the full year 2025, Formula Systems reported consolidated revenue of $2.63 billion, representing an 18.4% increase compared to $2.22 billion in 2024.
This growth was driven by robust organic and inorganic expansion across its major subsidiaries, including Matrix IT and Magic Software Enterprises.
Net income attributable to Formula’s shareholders reached $606.5 million, or $39.22 per diluted share, a dramatic increase from the $64.1 million reported in the prior year, primarily due to the gain recognized from the Sapiens sale.
The company concluded the fourth quarter with record revenue of $708.4 million.
However, Q4 operating income saw a slight decline, largely attributed to a $18.7 million increase in amortization expenses related to recent acquisitions.
Following the mid-December closing of the Sapiens transaction, Formula presented Sapiens’ results as discontinued operations in its consolidated financial statements.
Formula Systems’ liquidity position is currently at an all-time high, with approximately $1.3 billion in cash and cash equivalents at year-end.