Magic Software Enterprises Ltd. (MGIC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Sales/Revenue | 161.66M | 151.64M | 147.34M | 142.58M | 142.97M | 136.25M | 130.72M | 125.55M | 129.48M | 137.58M | 142.44M | 147.15M | 143.96M | 136.98M | 138.71M | 133M | 120.87M | 119.16M | 107.3M | 104.57M |
| Revenue Growth % | 13.07% | 11.3% | 12.71% | 13.57% | 10.41% | -0.97% | -8.23% | -14.68% | -10.06% | 0.44% | 2.69% | 10.63% | 19.11% | 14.96% | 29.27% | 27.19% | 27.38% | 37.72% | 25.92% | 15.01% |
| Cost of Goods Sold | 117.45M | 109.27M | 106.7M | 100.63M | 103.29M | 97.41M | 94.02M | 88.58M | 92.65M | 97.28M | 103.56M | 105.33M | 104.6M | 100.39M | 101.13M | 95.63M | 88.24M | 86.35M | 77.11M | 73.69M |
| COGS % of Revenue | 72.65% | 72.06% | 72.42% | 70.57% | 72.24% | 71.49% | 71.93% | 70.56% | 71.55% | 70.7% | 72.7% | 71.58% | 72.66% | 73.29% | 72.91% | 71.9% | 73.01% | 72.47% | 71.86% | 70.47% |
| Gross Profit | 44.21M | 42.37M | 40.63M | 41.95M | 39.68M | 38.84M | 36.7M | 36.96M | 36.84M | 40.3M | 38.88M | 41.82M | 39.36M | 36.59M | 37.58M | 37.38M | 32.63M | 32.8M | 30.19M | 30.89M |
| Gross Margin % | 27.35% | 27.94% | 27.58% | 29.43% | 27.76% | 28.51% | 28.07% | 29.44% | 28.45% | 29.29% | 27.3% | 28.42% | 27.34% | 26.71% | 27.09% | 28.1% | 26.99% | 27.53% | 28.14% | 29.53% |
| Gross Profit Growth % | 11.41% | 9.09% | 10.71% | 13.51% | 7.72% | -3.63% | -5.62% | -11.62% | -6.42% | 10.14% | 3.48% | 11.9% | 20.65% | 11.55% | 24.48% | 21.01% | 12.12% | 32.31% | 19.84% | 10.83% |
| Operating Expenses | 27.09M | 26.73M | 24.89M | 25.9M | 24.61M | 23.8M | 21.97M | 24.12M | 22.96M | 24.86M | 23.54M | 27.01M | 23.43M | 22.28M | 21.32M | 21.26M | 20.58M | 20.11M | 17.98M | 18.83M |
| OpEx % of Revenue | 16.76% | 17.63% | 16.89% | 18.17% | 17.21% | 17.47% | 16.8% | 19.21% | 17.73% | 18.07% | 16.52% | 18.35% | 16.27% | 16.27% | 15.37% | 15.99% | 17.02% | 16.88% | 16.76% | 18.01% |
| Selling, General & Admin | 23.92M | 23.3M | 21.61M | 22.1M | 21.58M | 20.84M | 19.17M | 21.42M | 20.3M | 22.43M | 21M | 24.75M | 20.61M | 19.45M | 18.98M | 18.46M | 18.26M | 17.75M | 15.79M | 16.52M |
| SG&A % of Revenue | 14.8% | 15.37% | 14.67% | 15.5% | 15.09% | 15.29% | 14.67% | 17.06% | 15.68% | 16.3% | 14.74% | 16.82% | 14.32% | 14.2% | 13.68% | 13.88% | 15.11% | 14.89% | 14.71% | 15.8% |
| Research & Development | 3.17M | 3.42M | 3.25M | 4.64M | 3.03M | 2.85M | 2.79M | 2.7M | 2.66M | 2.42M | 2.54M | 2.71M | 2.44M | 2.6M | 2.34M | 2.12M | 2.31M | 2.36M | 2.2M | 2.31M |
| R&D % of Revenue | 1.96% | 2.26% | 2.2% | 3.25% | 2.12% | 2.09% | 2.14% | 2.15% | 2.06% | 1.76% | 1.78% | 1.84% | 1.7% | 1.9% | 1.69% | 1.6% | 1.91% | 1.98% | 2.05% | 2.21% |
| Other Operating Expenses | 0 | 0 | 26K | -829K | 0 | 121K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 17.11M | 15.64M | 15.74M | 16.7M | 15.07M | 15.04M | 14.43M | 12.84M | 13.33M | 15.45M | 15.35M | 14.98M | 16.11M | 14.73M | 15.94M | 14.28M | 12.05M | 12.69M | 12.21M | 10.97M |
| Operating Margin % | 10.59% | 10.32% | 10.69% | 11.71% | 10.54% | 11.04% | 11.04% | 10.23% | 10.29% | 11.23% | 10.77% | 10.18% | 11.19% | 10.76% | 11.49% | 10.74% | 9.97% | 10.65% | 11.38% | 10.49% |
| Operating Income Growth % | 13.56% | 4.02% | 9.13% | 30.05% | 13.07% | -2.65% | -6% | -14.26% | -17.27% | 4.86% | -3.73% | 4.84% | 33.71% | 16.06% | 30.59% | 30.25% | 9.21% | 28.98% | 39.58% | 25.62% |
| EBITDA | 22.03M | 21.36M | 21.02M | 22.15M | 20.34M | 20.26M | 19.32M | 17.98M | 18.83M | 20.31M | 20.4M | 22.97M | 19.57M | 19.23M | 19.78M | 18.19M | 16M | 16.18M | 15.71M | 14.81M |
| EBITDA Margin % | 13.63% | 14.09% | 14.27% | 15.54% | 14.22% | 14.87% | 14.78% | 14.32% | 14.54% | 14.76% | 14.32% | 15.61% | 13.6% | 14.04% | 14.26% | 13.68% | 13.24% | 13.58% | 14.64% | 14.16% |
| EBITDA Growth % | 8.33% | 5.46% | 8.83% | 23.24% | 7.99% | -0.28% | -5.31% | -21.75% | -3.79% | 5.64% | 3.11% | 26.29% | 22.32% | 18.81% | 25.9% | 22.82% | 8.04% | 23.06% | 33.65% | 16.45% |
| D&A (Non-Cash Add-back) | 4.91M | 5.72M | 5.28M | 5.45M | 5.26M | 5.22M | 4.89M | 5.13M | 5.5M | 4.87M | 5.05M | 8M | 3.46M | 4.5M | 3.84M | 3.91M | 3.95M | 3.49M | 3.5M | 3.84M |
| EBIT | 17.11M | 15.64M | 15.74M | 16.82M | 15.07M | 15.04M | 14.43M | 12.84M | 13.88M | 15.45M | 15.35M | 15.62M | 15.93M | 15.1M | 16.26M | 9.16M | 12.05M | 12.69M | 12.21M | 8.4M |
| Net Interest Income | -1.7M | -725K | -1.06M | -2M | -1.36M | -1.24M | -1.76M | -1.86M | -1.65M | -316K | -564K | -1.06M | -860K | -531K | -814K | 2.68M | -1.07M | -1.3M | -709K | 693K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.68M | 0 | 0 | 0 | 693K |
| Interest Expense | 1.7M | 725K | 1.06M | 2M | 1.36M | 1.24M | 1.76M | 1.86M | 1.65M | 316K | 564K | 1.06M | 860K | 531K | 814K | 0 | 1.07M | 1.3M | 709K | 0 |
| Other Income/Expense | -1.7M | -891K | -1.19M | -2.11M | -1.48M | -1.24M | -1.64M | -1.96M | -1.7M | -316K | -699K | -1.44M | -952K | -219K | -1.75M | -2.45M | -1.07M | -1.3M | -1.15M | -1.98M |
| Pretax Income | 15.42M | 14.75M | 14.55M | 14.7M | 13.59M | 13.8M | 12.78M | 11.08M | 11.63M | 15.13M | 14.65M | 13.53M | 15.3M | 14.51M | 14.37M | 11.84M | 10.97M | 11.39M | 11.06M | 8.99M |
| Pretax Margin % | 9.54% | 9.73% | 9.88% | 10.31% | 9.5% | 10.13% | 9.78% | 8.83% | 8.98% | 11% | 10.28% | 9.2% | 10.63% | 10.6% | 10.36% | 8.9% | 9.08% | 9.56% | 10.31% | 8.6% |
| Income Tax | 3.46M | 3.32M | 2.91M | 2.29M | 3.27M | 3.04M | 2.73M | 1.72M | 2.94M | 2.46M | 2.81M | 1.97M | 2.39M | 3.63M | 3.21M | 3.57M | 2.21M | 2.3M | 2.27M | 1.18M |
| Effective Tax Rate % | 22.47% | 22.53% | 20.01% | 15.55% | 24.09% | 22.02% | 21.35% | 15.55% | 25.3% | 16.22% | 19.2% | 14.59% | 15.64% | 24.98% | 22.31% | 30.19% | 20.16% | 20.23% | 20.52% | 13.1% |
| Net Income | 9.86M | 10.08M | 9.48M | 10.62M | 8.43M | 9.12M | 8.8M | 8.48M | 7.15M | 11.29M | 10.11M | 9.87M | 11.67M | 9.55M | 9.71M | 6.51M | 7.5M | 7.78M | 7.54M | 6.51M |
| Net Margin % | 6.1% | 6.65% | 6.43% | 7.45% | 5.9% | 6.69% | 6.73% | 6.76% | 5.52% | 8.21% | 7.1% | 6.71% | 8.11% | 6.97% | 7% | 4.9% | 6.2% | 6.53% | 7.03% | 6.23% |
| Net Income Growth % | 16.98% | 10.59% | 7.74% | 25.22% | 17.98% | -19.27% | -12.97% | -14.07% | -38.76% | 18.24% | 4.05% | 51.6% | 55.65% | 22.78% | 28.79% | 0.02% | 5.82% | 35.61% | 28.87% | 27.14% |
| Net Income (Continuing) | 11.95M | 11.43M | 11.64M | 12.31M | 10.31M | 10.77M | 9.99M | 9.3M | 8.69M | 12.68M | 11.84M | 11.56M | 12.91M | 10.89M | 11.16M | 8.26M | 8.76M | 9.09M | 8.79M | 7.81M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 24.79M | 23.46M | 23.63M | 23.88M | 25.14M | 25.11M | 24.17M | 24.96M | 19.81M | 25.18M | 13.93M | 41.62M | 37.86M | 38.59M | 39.86M | 40.85M | 34.65M | 34.78M | 33.37M | 33.55M |
| EPS (Diluted) | 0.20 | 0.20 | 0.19 | 0.22 | 0.17 | 0.18 | 0.18 | 0.17 | 0.15 | 0.23 | 0.21 | 0.23 | 0.24 | 0.16 | 0.20 | 0.05 | 0.15 | 0.16 | 0.15 | 0.11 |
| EPS Growth % | 17.65% | 11.11% | 5.56% | 29.41% | 13.33% | -21.74% | -14.29% | -26.09% | -37.5% | 43.75% | 5% | 360% | 60% | 0% | 33.33% | -54.55% | 7.14% | 33.33% | 25% | 466.67% |
| EPS (Basic) | 0.20 | 0.20 | 0.19 | 0.22 | 0.17 | 0.18 | 0.18 | 0.17 | 0.15 | 0.23 | 0.21 | 0.23 | 0.24 | 0.16 | 0.20 | 0.05 | 0.15 | 0.16 | 0.15 | 0.11 |
| Diluted Shares Outstanding | 49.1M | 49.1M | 49.1M | 49.1M | 49.1M | 49.1M | 49.1M | 49.1M | 49.12M | 49.13M | 49.14M | 49.13M | 49.13M | 49.12M | 49.08M | 49.12M | 49.11M | 49.09M | 49.08M | 49.05M |
| Basic Shares Outstanding | 49.1M | 49.1M | 49.1M | 49.1M | 49.1M | 49.1M | 49.1M | 49.1M | 49.1M | 49.09M | 49.09M | 49.09M | 49.09M | 49.09M | 49.04M | 49.07M | 49.06M | 49.05M | 49.03M | 49.03M |
| Dividend Payout Ratio | - | 159.21% | 122.25% | - | - | - | - | - | 224.73% | 130.5% | - | - | 122.01% | 111.01% | - | - | 153.13% | 132.39% | - | 0.02% |