FORA
Forian Inc.
Price Chart
No historical data available
Latest Quote
$2.17
+0.00 (+0.00%)
Current Price
| Previous Close | $2.17 |
| Day High | $2.17 |
| Day Low | $2.17 |
Stock Information
| Shares Outstanding | 31.24M |
| Total Debt | $6K |
| Cash Equivalents | $30.95M |
| Revenue | $30.05M |
| Net Income | $-5.11M |
| Sector | Healthcare |
| Industry | Health Information Services |
| Market Cap | $67.79M |
| EPS (TTM) | $-0.09 |
| Exchange | NGM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $36.85M |
| Sales | $30.05M |
| Income | $-5.11M |
| Book/sh | $0.96 |
| Cash/sh | $0.99 |
| Employees | 50 |
Financial Ratios
| Quick Ratio | 2.92 |
| Current Ratio | 3.14 |
| Debt/Eq | 0.02 |
Returns & Margins
| ROA | -8.37% |
| ROE | -17.95% |
| Gross Margin | 47.19% |
| Operating Margin | -50.91% |
| Profit Margin | -17.00% |
Ownership
| Insider Ownership | 51.75% |
| Institutional Ownership | 14.90% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 24.11 |
| PEG | 0.85 |
| P/S | 2.26 |
| P/B | 2.27 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $2.16 |
| SMA50 | $2.12 |
| SMA200 | $2.13 |
| RSI | 66.67 |
| ATR | 0.0102 |
| Shares Float | 11.56M |
| Short Float | 0.66% |
| Short Ratio | 1.41 |
Performance History
| Week | +0.93% |
| Month | +0.46% |
| Quarter | +3.33% |
| 6 Months | +0.93% |
| YTD | +2.36% |
| Year | +16.67% |
| 3 Years | -14.57% |
| 5 Years | -80.09% |
| 10 Years | -86.10% |
Stock Score:
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Recent Price History
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About Forian Inc.
Forian Inc. provides a suite of data management capabilities and proprietary information and analytics solutions to optimize and measure operational, clinical and financial performance. It develops commercial, real-world evidence (RWE), and market access solutions and proprietary data-driven insights. The company's subscription and services-based solutions serve the life sciences, pharmaceutical services, healthcare payer, and provider and financial services industries. Forian Inc. was founded in 2020 and is headquartered in Newtown, Pennsylvania. Forian Inc. operates as a subsidiary of 2025 Acquisition Company, LLC.
đ° Latest News
Zacks Industry Outlook Highlights PDF Solutions, WidePoint and Forian
Zacks âĸ 2026-01-16T12:18:00Z
Forian Inc (FORA) Q3 2025 Earnings Call Highlights: Revenue Surges 66% Amid Strategic Acquisitions
GuruFocus.com âĸ 2025-11-15T05:00:49ZInnodata Inc. (INOD) Beats Q3 Earnings and Revenue Estimates
Zacks âĸ 2025-11-06T23:15:03Z
CSG Systems (CSGS) Q3 Earnings and Revenues Beat Estimates
Zacks âĸ 2025-11-05T22:25:02Z
Forian Inc (FORA) Q2 2025 Earnings Call Highlights: Impressive Revenue Growth and Strategic ...
GuruFocus.com âĸ 2025-08-14T07:13:15ZPDF Solutions (PDFS) Lags Q2 Earnings and Revenue Estimates
Zacks âĸ 2025-08-07T21:50:03Z
Innodata Inc. (INOD) Q2 Earnings and Revenues Top Estimates
Zacks âĸ 2025-07-31T21:35:03Z
Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $14,133,417 | $7,312,183 | $5,455,136 | $5,048,074 |
| Cost Of Revenue | $14,156,840 | $7,334,163 | $5,477,032 | $5,049,701 |
| Total Revenue | $30,256,919 | $20,153,263 | $21,216,984 | $16,418,141 |
| Operating Revenue | $30,256,919 | $20,153,263 | $21,216,984 | $16,418,141 |
| Expenses | ||||
| Interest Expense | $142,351 | $708,933 | $834,785 | $846,100 |
| Total Expenses | $32,725,612 | $25,713,526 | $24,517,091 | $29,953,908 |
| Other Income Expense | $-1,295,559 | $142,448 | $4,288,176 | $-5,052,356 |
| Net Non Operating Interest Income Expense | $1,118,182 | $1,713,328 | $1,493,189 | $-579,887 |
| Interest Expense Non Operating | $142,351 | $708,933 | $834,785 | $846,100 |
| Operating Expense | $18,568,772 | $18,379,363 | $19,040,059 | $24,904,207 |
| Selling And Marketing Expense | $6,034,225 | $4,334,289 | $4,957,833 | $3,949,026 |
| General And Administrative Expense | $9,410,103 | $12,536,940 | $12,600,208 | $16,879,858 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-2,874,042 | $-3,771,070 | $2,395,518 | $-19,191,990 |
| Net Interest Income | $1,118,182 | $1,713,328 | $1,493,189 | $-579,887 |
| Interest Income | $1,260,533 | $2,422,261 | $2,327,974 | $266,213 |
| Normalized Income | $-1,850,550 | $-3,883,604 | $-1,744,287 | $-14,146,202 |
| Net Income From Continuing And Discontinued Operation | $-2,874,042 | $-3,771,070 | $11,768,775 | $-25,971,971 |
| Total Operating Income As Reported | $-3,764,252 | $-6,986,961 | $-4,932,924 | $-18,952,810 |
| Net Income Common Stockholders | $-2,874,042 | $-3,771,070 | $11,768,775 | $-25,971,971 |
| Net Income | $-2,874,042 | $-3,771,070 | $11,768,775 | $-25,971,971 |
| Net Income Including Noncontrolling Interests | $-2,874,042 | $-3,771,070 | $11,768,775 | $-25,971,971 |
| Net Income Continuous Operations | $-2,874,042 | $-3,771,070 | $2,395,518 | $-19,191,990 |
| Pretax Income | $-2,646,070 | $-3,704,487 | $2,481,258 | $-19,168,010 |
| Special Income Charges | $-1,295,559 | $61,191 | $-1,521,666 | $-5,417,043 |
| Interest Income Non Operating | $1,260,533 | $2,422,261 | $2,327,974 | $266,213 |
| Operating Income | $-2,468,693 | $-5,560,263 | $-3,300,107 | $-13,535,767 |
| Depreciation Amortization Depletion Income Statement | $207,722 | $63,389 | $74,438 | $65,554 |
| Depreciation And Amortization In Income Statement | $207,722 | $63,389 | $74,438 | $65,554 |
| Gross Profit | $16,100,079 | $12,819,100 | $15,739,952 | $11,368,440 |
| Average Dilution Earnings | - | $0 | $0 | - |
| Net Income Discontinuous Operations | - | $0 | $9,373,257 | $-6,779,981 |
| Per Share | ||||
| Diluted EPS | $-0.09 | $-0.12 | $0.34 | $-0.81 |
| Basic EPS | $-0.09 | $-0.12 | $0.34 | $-0.81 |
| Other | ||||
| Tax Effect Of Unusual Items | $-272,067 | $29,914 | $148,371 | $-6,568 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-977,015 | $-3,052,633 | $-875,799 | $-13,202,373 |
| Total Unusual Items | $-1,295,559 | $142,448 | $4,288,176 | $-5,052,356 |
| Total Unusual Items Excluding Goodwill | $-1,295,559 | $142,448 | $4,288,176 | $-5,052,356 |
| Reconciled Depreciation | $231,145 | $85,369 | $96,334 | $67,181 |
| EBITDA (Bullshit earnings) | $-2,272,574 | $-2,910,185 | $3,412,377 | $-18,254,729 |
| EBIT | $-2,503,719 | $-2,995,554 | $3,316,043 | $-18,321,910 |
| Diluted Average Shares | $31,111,780 | $31,070,548 | $32,230,845 | $32,031,096 |
| Basic Average Shares | $31,111,780 | $31,070,548 | $32,030,855 | $32,031,096 |
| Diluted NI Availto Com Stockholders | $-2,874,042 | $-3,771,070 | $11,768,775 | $-25,971,971 |
| Tax Provision | $227,972 | $66,583 | $85,740 | $23,980 |
| Restructuring And Mergern Acquisition | $1,295,559 | $-448,087 | $599,832 | $5,417,043 |
| Research And Development | $2,916,722 | $1,444,745 | $1,407,580 | $4,009,769 |
| Selling General And Administration | $15,444,328 | $16,871,229 | $17,558,041 | $20,828,884 |
| Other Gand A | $9,410,103 | $12,536,940 | $12,600,208 | $16,879,858 |
| Other Special Charges | - | $386,896 | $921,834 | - |
| Gain On Sale Of Security | - | $81,257 | $5,809,842 | $364,687 |
| Gain On Sale Of Business | - | - | - | $32,931 |
Fetched: 2026-05-16
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $28,777,202 | $28,860,972 | $27,721,180 | $12,422,476 |
| Total Assets | $44,130,895 | $47,169,843 | $60,412,708 | $46,258,167 |
| Total Non Current Assets | $1,574,138 | $2,709,752 | $1,610,697 | $19,342,139 |
| Other Non Current Assets | $531,027 | $1,435,496 | $1,523,948 | $19,234,549 |
| Goodwill And Other Intangible Assets | $1,001,546 | $1,192,044 | $0 | $15,875,213 |
| Other Intangible Assets | $1,001,546 | $1,192,044 | - | $6,775,841 |
| Current Assets | $42,556,757 | $44,460,091 | $58,802,011 | $26,916,028 |
| Other Current Assets | $1,932,535 | $1,707,694 | $2,515,509 | $432,338 |
| Prepaid Assets | $990,910 | $1,111,234 | $1,077,233 | $835,786 |
| Receivables | $8,082,323 | $6,558,414 | $6,869,694 | $4,061,986 |
| Other Receivables | $2,439,223 | $2,586,712 | $4,296,763 | $2,252,958 |
| Accounts Receivable | $5,643,100 | $3,971,702 | $2,572,931 | $1,809,028 |
| Allowance For Doubtful Accounts Receivable | $-275,000 | $0 | $0 | $0 |
| Gross Accounts Receivable | $5,918,100 | $3,971,702 | $2,572,931 | $1,809,028 |
| Cash Cash Equivalents And Short Term Investments | $31,550,989 | $35,082,749 | $48,339,575 | $20,192,230 |
| Cash And Cash Equivalents | $12,903,760 | $4,590,661 | $6,042,986 | $2,795,743 |
| Assets Held For Sale Current | - | - | $0 | $1,393,688 |
| Non Current Prepaid Assets | - | - | - | $255,324 |
| Debt | ||||
| Total Debt | $12,137 | $6,721,072 | $24,880,845 | $25,128,147 |
| Current Debt And Capital Lease Obligation | $12,137 | $6,721,072 | $10,664 | $21,600 |
| Net Debt | - | $2,106,988 | $18,827,195 | $22,310,804 |
| Current Debt | - | $6,697,649 | - | - |
| Other Current Borrowings | - | $6,697,649 | - | - |
| Long Term Debt And Capital Lease Obligation | - | - | $24,870,181 | $25,106,547 |
| Long Term Debt | - | - | $24,870,181 | $25,106,547 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $14,352,147 | $17,116,827 | $32,691,528 | $33,835,691 |
| Total Non Current Liabilities Net Minority Interest | $0 | $512,137 | $25,870,181 | $25,483,116 |
| Current Liabilities | $14,352,147 | $16,604,690 | $6,821,347 | $8,352,575 |
| Current Deferred Liabilities | $5,251,193 | $4,487,686 | $2,225,009 | $2,581,287 |
| Payables And Accrued Expenses | $6,309,463 | $3,825,727 | $2,867,233 | $2,005,662 |
| Payables | $3,833,522 | $982,665 | $161,590 | $316,105 |
| Accounts Payable | $3,833,522 | $982,665 | $161,590 | $316,105 |
| Other Non Current Liabilities | - | $512,137 | $1,000,000 | $10,960 |
| Liabilities Heldfor Sale Non Current | - | - | $0 | $365,609 |
| Other Current Liabilities | - | - | $563 | $1,666,794 |
| Current Notes Payable | - | - | - | $0 |
| Equity | ||||
| Common Stock Equity | $29,778,748 | $30,053,016 | $27,721,180 | $12,422,476 |
| Total Equity Gross Minority Interest | $29,778,748 | $30,053,016 | $27,721,180 | $12,422,476 |
| Stockholders Equity | $29,778,748 | $30,053,016 | $27,721,180 | $12,422,476 |
| Retained Earnings | $-52,789,152 | $-49,915,110 | $-46,144,040 | $-58,792,101 |
| Other | ||||
| Ordinary Shares Number | $31,072,251 | $31,010,788 | $30,920,450 | $32,251,326 |
| Share Issued | $31,072,251 | $31,010,788 | $30,920,450 | $32,251,326 |
| Tangible Book Value | $28,777,202 | $28,860,972 | $27,721,180 | $12,422,476 |
| Invested Capital | $29,778,748 | $36,750,665 | $52,591,361 | $37,529,023 |
| Working Capital | $28,204,610 | $27,855,401 | $51,980,664 | $18,563,453 |
| Capital Lease Obligations | $12,137 | $23,423 | $10,664 | $21,600 |
| Total Capitalization | $29,778,748 | $30,053,016 | $52,591,361 | $37,529,023 |
| Additional Paid In Capital | $82,536,827 | $79,937,115 | $73,834,300 | $71,182,326 |
| Capital Stock | $31,073 | $31,011 | $30,920 | $32,251 |
| Common Stock | $31,073 | $31,011 | $30,920 | $32,251 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Current Deferred Revenue | $5,251,193 | $4,487,686 | $2,225,009 | $2,581,287 |
| Current Capital Lease Obligation | $12,137 | $23,423 | $10,664 | $21,600 |
| Pensionand Other Post Retirement Benefit Plans Current | $2,779,354 | $1,570,205 | $1,717,878 | $2,077,232 |
| Current Accrued Expenses | $2,475,941 | $2,843,062 | $2,705,643 | $1,689,557 |
| Net PPE | $41,565 | $82,212 | $86,749 | $107,590 |
| Accumulated Depreciation | $-63,254 | $-121,129 | $-91,696 | $-93,040 |
| Gross PPE | $104,819 | $203,341 | $178,445 | $200,630 |
| Other Properties | $12,137 | $35,560 | $10,664 | $32,560 |
| Machinery Furniture Equipment | $92,682 | $167,781 | $167,781 | $168,070 |
| Other Short Term Investments | $18,647,229 | $30,492,088 | $42,296,589 | $17,396,487 |
| Long Term Capital Lease Obligation | - | - | - | $376,569 |
| Goodwill | - | - | - | $9,099,372 |
Fetched: 2026-05-16
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $2,886,473 | $282,827 | $653,325 | $-8,628,852 |
| Operating Activities | ||||
| Operating Cash Flow | $2,886,473 | $282,827 | $728,818 | $-8,581,174 |
| Cash Flow From Continuing Operating Activities | $2,886,473 | $282,827 | $787,893 | $-6,071,014 |
| Cash From Discontinued Operating Activities | - | $0 | $-59,075 | $-2,510,160 |
| Operating Gains Losses | - | $-81,257 | $-5,809,842 | $-364,687 |
| Investing Activities | ||||
| Investing Cash Flow | $12,943,231 | $17,288,745 | $7,119,943 | $-6,461,045 |
| Cash From Discontinued Investing Activities | $0 | $1,666,666 | $24,413,595 | $-1,681,684 |
| Cash Flow From Continuing Investing Activities | $12,943,231 | $15,622,079 | $-17,293,652 | $-4,779,361 |
| Capital Expenditure | - | - | $-75,493 | $-47,678 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-412,944 | $-292,900 | $-3,450,053 | $0 |
| Financing Cash Flow | $-7,516,605 | $-19,023,897 | $-4,601,518 | $-100,528 |
| Cash Flow From Continuing Financing Activities | $-7,516,605 | $-19,023,897 | $-4,601,518 | $-100,528 |
| Net Other Financing Charges | $-263,661 | $-132,591 | $-191,465 | $-87,406 |
| Net Common Stock Issuance | $-412,944 | $-292,900 | $-3,450,053 | $0 |
| Issuance Of Capital Stock | - | - | - | $0 |
| Common Stock Issuance | - | - | - | $0 |
| Other | ||||
| Repayment Of Debt | $-6,840,000 | $-18,598,406 | $-960,000 | $-13,122 |
| End Cash Position | $12,903,760 | $4,590,661 | $6,042,986 | $2,795,743 |
| Beginning Cash Position | $4,590,661 | $6,042,986 | $2,795,743 | $17,938,490 |
| Changes In Cash | $8,313,099 | $-1,452,325 | $3,247,243 | $-15,142,747 |
| Common Stock Payments | $-412,944 | $-292,900 | $-3,450,053 | $0 |
| Net Issuance Payments Of Debt | $-6,840,000 | $-18,598,406 | $-960,000 | $-13,122 |
| Net Long Term Debt Issuance | $-6,840,000 | $-18,598,406 | $-960,000 | $0 |
| Long Term Debt Payments | $-6,840,000 | $-18,598,406 | $-960,000 | $0 |
| Net Investment Purchase And Sale | $12,943,231 | $14,206,383 | $-17,218,159 | $-4,731,683 |
| Sale Of Investment | $96,118,000 | $166,561,350 | $126,859,572 | $51,087,663 |
| Purchase Of Investment | $-83,174,769 | $-152,354,967 | $-144,077,731 | $-55,819,346 |
| Net Business Purchase And Sale | $0 | $1,415,696 | $0 | $-17,907 |
| Sale Of Business | $0 | $1,415,696 | $0 | $0 |
| Change In Working Capital | $3,076,987 | $417,244 | $-926,347 | $917,250 |
| Change In Other Working Capital | $763,507 | $203,118 | $-356,278 | $1,943,724 |
| Change In Other Current Liabilities | $-523,423 | $-521,980 | $978,104 | $28,911 |
| Change In Payables And Accrued Expense | $3,692,885 | $489,085 | $398,066 | $417,266 |
| Change In Accrued Expense | $842,028 | $-331,990 | $552,587 | $548,634 |
| Change In Payable | $2,850,857 | $821,075 | $-154,521 | $-131,368 |
| Change In Account Payable | $2,850,857 | $821,075 | $-154,521 | $-131,368 |
| Change In Prepaid Assets | $799,952 | $1,039,643 | $-1,761,469 | $498,867 |
| Change In Receivables | $-1,655,934 | $-792,622 | $-184,770 | $-1,971,518 |
| Changes In Account Receivables | $-1,721,398 | $-856,719 | $-763,903 | $-775,451 |
| Other Non Cash Items | $142,351 | $-799,668 | $334,346 | $846,100 |
| Stock Based Compensation | $3,276,379 | $6,528,397 | $6,573,969 | $11,920,575 |
| Provisionand Write Offof Assets | $132,025 | $225,000 | $0 | $250,239 |
| Amortization Of Securities | $-1,098,372 | $-2,321,188 | $-1,876,085 | $-265,443 |
| Depreciation Amortization Depletion | $231,145 | $85,369 | $96,334 | $67,181 |
| Depreciation And Amortization | $231,145 | $85,369 | $96,334 | $67,181 |
| Depreciation | $231,145 | $85,369 | $96,334 | $67,181 |
| Net Income From Continuing Operations | $-2,874,042 | $-3,771,070 | $2,395,518 | $-19,191,990 |
| Income Tax Paid Supplemental Data | - | $1,629,767 | $4,066,385 | $18,444 |
| Net PPE Purchase And Sale | - | $0 | $-75,493 | $-47,678 |
| Purchase Of PPE | - | $0 | $-75,493 | $-47,678 |
| Gain Loss On Investment Securities | - | $-81,257 | $-5,809,842 | $-364,687 |
| Net Short Term Debt Issuance | - | - | $0 | $-13,122 |
| Short Term Debt Payments | - | - | $0 | $-13,122 |
| Issuance Of Debt | - | - | - | $0 |
| Interest Paid Supplemental Data | - | - | - | $0 |
| Effect Of Exchange Rate Changes | - | - | - | $-6,769 |
| Proceeds From Stock Option Exercised | - | - | - | $0 |
| Long Term Debt Issuance | - | - | - | $0 |
| Purchase Of Business | - | - | - | $-17,907 |
| Net Foreign Currency Exchange Gain Loss | - | - | - | $-47,226 |
| Gain Loss On Sale Of Business | - | - | - | $-32,931 |
Fetched: 2026-05-16