Formula Systems Reports First Quarter 2026 Financial Results
Formula Systems reported record-breaking Q1 2026 results, with revenue of $738.3 million (up 19.2% YoY) and net income of $35.6 million (up 203.4% YoY). The strong performance was driven by organic growth across subsidiaries, including Matrix IT (which completed its merger with Magic Software) and TSG IT, as well as a $16.8 million capital gain from a TSG private placement.
Key figures
- Eps
- 2.25
- Eps Beat
- 0
- Revenue
- 738285000
- Revenue Yoy
- 19.2%
- Deal Value Usd
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Net income
- 35639000
- Tsg revenue
- 38700000
- Total equity
- 1824057000
- Matrix revenue
- 681600000
- Net income yoy
- 203.4%
- Capital gain tsg
- 16800000
- Operating income
- 82005000
- Cash and equivalents
- 1181911000
- Operating income yoy
- 65.6%
- Tsg private placement
- 58900000
- Special dividend total
- 200000000
- Matrix operating income
- 65100000
- Special dividend per share
- 13.045
AI analysis
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