FORA (Forian Inc.) Stock Financials & Earnings

FORAForian Inc.

Mkt Cap$65M

Revenue (TTM)$28M

Net Income (TTM)-$852,578

EPS (TTM)-$0.03

Free Cash Flow (TTM)$1M

Gross Margin55.2%

Op. Margin-11.0%

Net Margin-3.0%

FCF Margin5.0%

P/S Ratio (TTM)2.3x

P/E Ratio (TTM)—

YoY Rev Growth+42.6%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 13

Revenue & Profitability

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

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

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

Revenue Segments

Quarter	Information and Software	Product and Service, Other	Service
Q4 22	$8M	$15K	$378K

War Chest

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

Shares Outstanding

Revenue Per Employee

Revenue / Employee