Formula Systems (1985) Ltd.
Formula Systems (1985) Ltd. is classed by the SEC under Services-Computer Programming Services (industry code 7371), based in Or Yehuda, IL. In its latest annual figures on file, for the fiscal year ended 2024-12-31, it reported revenue of $2.8 billion and a profit of $80 million (its filed statements).
vs its business-model standard
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a subscription business: prior from its industry code (SEC 7371, Services-Computer Programming Services); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 5.4 out of ten, 7 of 9 metrics filed and 2 estimated: past 4.9 out of ten, present 5.8 out of ten, future 5.5 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
- Surviving crises (past): 3.8 out of ten. 10 warning events since 2017; the latest 2026-04-30. 38th percentile among 34 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Track record (past): 7.4 out of ten. +12.3% a year over 10 filed years; profitable in 10 of 10. 74th percentile among 32 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Shareholder treatment (past): 2.4 out of ten. CrossAssetData estimate 2.4/10, confidence 35 of 100 (one part). 24th percentile among 31 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
- Financial health (present): 5.2 out of ten. ROE 14%: 14¢ of profit per shareholder dollar. Leverage 54%: owes 54¢ per asset dollar. 52nd percentile among 30 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Industry position (present): 6.2 out of ten. top 38% of 32 in its family; net margin 7%. 62nd percentile among 32 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Leadership (present): 6.3 out of ten. CrossAssetData estimate 6.3/10, confidence 20 of 100 (family median). 50th percentile among 13 sector filers. A CrossAssetData estimate, not a filed reading: family median, confidence 20 of 100; its next annual report on file with the inputs replaces this estimate with the filed reading.
- Room to expand (future): 4.3 out of ten. bottom 43% of 31 in its family for room to expand. 43rd percentile among 31 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Growth drivers (future): 5.3 out of ten. top 47% of 32 in its family for growth drivers. 53rd percentile among 32 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Expectations vs reality (future): 6.5 out of ten. top 35% of 28 in its family for expectations against reality. 65th percentile among 28 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 20-F filed 2026-05-13 for the period ended 2025-12-31 (on EDGAR). Newest filing: Form 6-K, 2026-08-25. Filings on record since 1998. Read from EDGAR 2026-10-12.
Where the revenue comes from
By geography: Israel 80%, United States 17%, Europe 3%, Japan 1%, Other (mainly Asia pacific) under 1%. As tagged in its annual report (Form 20-F, filed 2026-05-13).
Who runs it
Bernstein, Guy (CEO); Berenstin, Asaf (CFO); Hillman, Amir (director); Kozlowski, Rafal Marek (director); Meroz, Itay Im (director); Panek, Marek Pawel (director); Regev, Ilan (director); Rzonca-Bajorek, Karolina Maria (director); Zukowicz, Gabriela Barbara (director). 9 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.
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