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FORA (Forian Inc.) Stock Financials & Earnings | Market Cap Arena
FORA
Forian Inc.
Mkt Cap
$65M
Healthcare
·
Medical - Healthcare Information Services
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$28M
Net Income (TTM)
-$852,578
EPS (TTM)
-$0.03
Free Cash Flow (TTM)
$1M
Gross Margin
55.2%
Op. Margin
-11.0%
Net Margin
-3.0%
FCF Margin
5.0%
P/S Ratio (TTM)
2.3x
P/E Ratio (TTM)
—
YoY Rev Growth
+42.6%
Employees
—
Earnings Reports
▶
Q3 2025
Browse All Reports
Next: Q4 2025 · Mar 13
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q4 22
$8M
$6M
-$3M
Q1 23
$5M
$4M
-$2M
Q2 23
$5M
$4M
-$1M
Q3 23
$5M
$4M
-$807K
Q4 23
$5M
$4M
-$911K
Q1 24
$5M
$3M
-$2M
Q2 24
$5M
$3M
-$3M
Q3 24
$5M
$3M
-$796K
Q4 24
$6M
$3M
-$1M
Q1 25
$7M
$4M
-$1M
Q2 25
$7M
$4M
$46K
Q3 25
$8M
$4M
-$299K
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q4 22
2.6x
—
Q1 23
2.5x
—
Q2 23
2.6x
—
Q3 23
2.8x
10.5x
Q4 23
3.2x
5.8x
Q1 24
3.2x
19.1x
Q2 24
3.2x
33.0x
Q3 24
3.3x
—
Q4 24
3.2x
—
Q1 25
2.9x
—
Q2 25
2.6x
—
Q3 25
2.3x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q4 22
$218K
$202K
Q1 23
-$1M
-$1M
Q2 23
-$249K
-$249K
Q3 23
$3M
$3M
Q4 23
-$599K
-$599K
Q1 24
-$2M
-$2M
Q2 24
-$23K
-$23K
Q3 24
$764K
$764K
Q4 24
$2M
$2M
Q1 25
$448K
$448K
Q2 25
-$345K
-$345K
Q3 25
-$440K
-$440K
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q4 22
$16K
Q1 23
$75K
Q2 23
$0
Q3 23
$0
Q4 23
$3
Q1 24
$0
Q2 24
$0
Q3 24
$4
Q4 24
$0
Q1 25
$0
Q2 25
$0
Q3 25
$0
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q4 22
+37.5%
-18.3%
Q1 23
+37.8%
-47.6%
Q2 23
-25.1%
-47.4%
Q3 23
-25.5%
-49.2%
Q4 23
-32.1%
-44.7%
Q1 24
+0.1%
-8.4%
Q2 24
-2.4%
+21.4%
Q3 24
-12.4%
-10.9%
Q4 24
+8.3%
+15.6%
Q1 25
+44.7%
+27.1%
Q2 25
+56.5%
-4.1%
Q3 25
+65.6%
+47.1%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q4 22
$2M
21.2%
Q1 23
$1M
30.4%
Q2 23
$2M
31.5%
Q3 23
$2M
29.0%
Q4 23
$0
0.0%
Q1 24
$2M
34.0%
Q2 24
$2M
34.8%
Q3 24
$2M
33.1%
Q4 24
$2M
28.5%
Q1 25
$1M
18.3%
Q2 25
$662K
8.8%
Q3 25
$718K
9.2%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
Quarter
R&D
G&A
S&M
Q4 22
$2M
$5M
$1M
Q1 23
$532K
$4M
$1M
Q2 23
$304K
$4M
$1M
Q3 23
$265K
$3M
$1M
Q4 23
$307K
$3M
$1M
Q1 24
$390K
$3M
$1M
Q2 24
$307K
$4M
$1M
Q3 24
$292K
$3M
$957K
Q4 24
$456K
$3M
$1M
Q1 25
$606K
$3M
$1M
Q2 25
$676K
$2M
$1M
Q3 25
$676K
$2M
$1M
marketcaparena.com
Revenue Segments
Information and Software
Product and Service, Other
Service
Quarter
Information and Software
Product and Service, Other
Service
Q4 22
$8M
$15K
$378K
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q4 22
$3M
$17M
$20M
Q1 23
$840K
$39M
$40M
Q2 23
$3M
$38M
$41M
Q3 23
$5M
$44M
$49M
Q4 23
$6M
$42M
$48M
Q1 24
$1M
$46M
$47M
Q2 24
$2M
$46M
$48M
Q3 24
$3M
$47M
$49M
Q4 24
$5M
$30M
$35M
Q1 25
$6M
$30M
$36M
Q2 25
$5M
$30M
$36M
Q3 25
$5M
$24M
$28M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q4 22
32M
+0.3%
Q1 23
32M
+0.3%
Q2 23
32M
-0.1%
Q3 23
35M
+8.7%
Q4 23
32M
-7.4%
Q1 24
31M
-4.5%
Q2 24
31M
+0.3%
Q3 24
31M
-0.0%
Q4 24
31M
-0.3%
Q1 25
31M
+0.4%
Q2 25
31M
+0.5%
Q3 25
31M
-0.7%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 19
—
—
FY 20
$30K
18
FY 21
$121K
140
FY 22
$158K
104
FY 23
$554K
37
FY 24
$545K
37
marketcaparena.com