v3.26.1
Consolidated Statements of Profit or Loss - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Proprietary software products and related services $ 208,694 $ 185,793 $ 178,844
Software services and other 2,418,430 2,032,641 1,931,603
Total revenues 2,627,124 2,218,434 2,110,447
Cost of revenues:      
Proprietary software products and related services 88,887 76,306 77,617
Software services and other 2,019,075 1,696,372 1,611,629
Total cost of revenues 2,107,962 1,772,678 1,689,246
Gross profit 519,162 445,756 421,201
Research and development expenses, net 20,023 18,077 14,493
Selling, marketing, general and administrative expenses 311,988 249,716 248,664
Other income, net 9,226 5,369
Operating income 196,377 183,332 158,044
Financial expenses 63,587 34,921 35,647
Financial income 13,599 10,454 10,857
Pre-tax income before share of profits of companies accounted for at equity, net 146,389 158,865 133,254
Share of profits of companies accounted for at equity, net 3,654 2,077 773
Taxes on income 40,459 38,773 31,834
Net income from continued operations 109,584 122,169 102,193
Net income from discontinued operations 559,480 71,621 63,539
Net income 669,064 193,790 165,732
Net income (loss) attributable to non-controlling interests:      
From continued operations 73,070 73,626 66,454
From discontinued operations (10,485) 40,494 35,264
Net income to Non-controlling interests 62,585 114,120 101,718
Net income attributable to Formula’s shareholders:      
From continued operations 36,514 48,543 35,739
From discontinued operations 569,965 31,127 28,275
Net income attributable to Formula’s shareholders $ 606,479 $ 79,670 $ 64,014
Earnings per share from continued operations (basic) (in Dollars per share) $ 2.39 $ 3.18 $ 2.34
Earnings per share from discontinued operations (basic) (in Dollars per share) 37.24 2.04 1.85
Earnings per share (basic) (in Dollars per share) 39.63 5.22 4.19
Earnings per share from continued operations (diluted) (in Dollars per share) 2.3 3.1 2.3
Earnings per share from discontinued operations (diluted) (in Dollars per share) 36.09 1.99 1.82
Earnings per share (diluted) (in Dollars per share) $ 38.39 $ 5.09 $ 4.12
Number of shares used in computing:      
Earnings per share (basic) (in Shares) 15,308,764 15,304,610 15,301,392
Earnings per share (diluted) (in Shares) 15,786,901 15,636,664 15,498,101