Forian Inc.

Forian Inc.

FORA
Forian Inc.US flagNASDAQ Capital Market
2.17
USD
- -
- -
67.79MMarket Cap
Forian Inc.
FORA
(NASDAQ Capital Market)

Recent

price

2.17

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
0.02
0.57
0.51
0.66
0.65
0.97
0.97
Revenue per Share
- -
-0.17
-0.9
-0.81
0.37
-0.12
-0.09
-0.16
Basic EPS, GAAP
- -
-0.14
-0.63
-0.27
0.02
0.01
0.09
0.06
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
-0.21
-1.11
-1.83
-1.44
-1.61
-1.7
-1.8
Book Value per Share
- -
0.38
0.24
-0.11
0.87
0.93
0.92
0.83
Tangible Book Value per Share
- -
30
30
32
32
31
31
31
Basic Weighted Avg Shares
- -
1
17
16
21
20
30
30
Sales/Revenue/Turnover
- -
-756.21
-156.44
-82.44
-15.55
-27.59
-8.16
-13.34
Operating Margin (%)
- -
- -
2
- -
- -
- -
- -
- -
Depreciation Expense
- -
-5
-27
-26
12
-4
-3
-5
Net Income, GAAP
- -
- -
- -
- -
3.46
- -
- -
33.95
Effective Tax Rate (%)
- -
-914.01
-157.3
-158.19
55.47
-18.71
-9.5
-17
Profit Margin (%)
- -
11
29
19
52
28
28
25
Working Capital
- -
- -
25
25
25
- -
- -
- -
LT Debt
- -
11
25
12
28
30
30
27
Total Equity
- -
- -
- -
- -
-7.07
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
-45.84
- -
- -
0.44
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
31
31
31
Market Capitalization
70
66
64

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
39
43
37
Cash, Cash Equivalents & STI
28
32
31
Accounts Receivable, Net
5
6
3
Inventories
- -
- -
- -
Total Current Liabilities
10
14
12
Payables & Accruals
4
6
6
ST Debt
- -
- -
- -
Deferred Revenue
4
5
5

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
40.68%
-0.91%
Free Cash Flow
- -
207.39%
920.58%
Net Income, GAAP
- -
25.96%
-23.79%
Sales/Revenue/Turnover
- -
613.91%
50.13%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5
5
5
6
20
2025
7
7
8
8
30
2026
7
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.04
-0.08
-0.01
- -
-0.12
2025
-0.04
0.01
- -
-0.06
-0.09
2026
-0.11
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Forian Inc. (Nasdaq: FORA) provides data management capabilities, proprietary information, and analytics solutions that optimize operational, clinical, and financial performance for customers in the life sciences, pharmaceutical services, healthcare payer and provider, and financial services industries. The company offers subscription- and services-based products including Chartis real-world data and analytics for healthcare and life sciences; Cannabis Economics for market insights on pricing, sales trends, and consumer behavior in the cannabis sector; real-world evidence solutions supporting drug development, market access, and clinical decision-making; patient engagement tools for communication, adherence, and education; and data management and integration platforms ensuring accuracy and accessibility. Founded in 2020 and headquartered in Newtown, Pennsylvania, Forian operates primarily in the United States, serving pharmaceutical companies, healthcare providers, research organizations, cannabis stakeholders, and financial services clients. Recent developments include the October 2024 acquisition of Kyber Data Science LLC from TD Cowen to enhance analytics capabilities and expand into financial services; a December 2024 partnership with Databricks to distribute Chartis through the Databricks Marketplace; significant revenue growth with Q3 2025 results showing a 66% year-over-year increase to $7.8 million driven by the Kyber acquisition and health economics research expansion; and an reaffirmed full-year 2025 revenue outlook of $28-30 million.

Company News

APIChatGPT
  • VerticalScope Announces Voting Results From Its Annual General Meeting of Shareholders

  • VerticalScope Holdings Inc. (FORA:CA) Q1 2026 Earnings Call Transcript

  • VerticalScope Announces First Quarter 2026 Financial Results

  • VerticalScope to Announce First Quarter 2026 Results

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  • SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into Forian Inc. ("FORA").

  • $HAREHOLDER ALERT: The M&A Class Action Firm Is Investigating The Merger—KZR, FORA, SLNO, and APLS

  • VerticalScope (TSE:FORA) Shares Down 0.4% – Here’s What Happened

  • Are SLNO, FORA, AFBI, MKC Obtaining Fair Deals for their Shareholders?

  • SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Forian Inc. (NASDAQ: FORA)

  • FORA Stock Alert: Halper Sadeh LLC is Investigating Whether Forian Inc. is Obtaining a Fair Price for its Shareholders

  • Brokerages Set VerticalScope Holdings Inc. (TSE:FORA) Target Price at C$5.86

  • VerticalScope Holdings Inc. (FORA:CA) Q4 2025 Earnings Call Transcript

  • VerticalScope Reports Fourth Quarter and Full Year 2025 Results; Achieves Full-Year Adjusted EBITDA Guidance

  • VerticalScope to Announce Fourth Quarter and Full Year 2025 Results

  • 3 Stocks to Buy From the Thriving Computer-Services Industry

  • VerticalScope Holdings Inc. (TSE:FORA) Receives Average Recommendation of “Hold” from Analysts

  • VerticalScope Holdings Inc. (TSE:FORA) Receives C$9.33 Average Target Price from Analysts

  • Forian Inc. (FORA) Q3 2025 Earnings Call Prepared Remarks Transcript

  • VerticalScope Holdings Inc. (FORA:CA) Q3 2025 Earnings Call Transcript