FORA (FORA)
Forian Inc.
NASDAQ:FORAHealthcare · Medical - Healthcare Information Services
Mkt Cap-
Float7.49M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$30.26M
Net Income-$2.87M
Total Assets$44.13M
Free Cash Flow$2.89M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$12K
Total Equity$29.78M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FORA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$44.13M
Liabilities$14.35M
Accounts Receivable$8.08M
Accounts Payable$3.83M
Inventory$0
PP&E (Net)$42K
Goodwill$0
Intangible Assets$1M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $30.26M | $20.15M | $20.48M | $16.42M | $16.88M | $545K | $0 |
| YoY Growth | 50.1% | -1.6% | 24.7% | -2.7% | 2997.9% | - | - |
| Cost of Revenue | $14.36M | $7.33M | $5.48M | $5.05M | $4.72M | $38K | $854 |
| Gross Profit | $15.89M | $12.82M | $15M | $11.37M | $12.16M | $507K | -$854 |
| Gross Margin | 52.5% | 63.6% | 73.3% | 69.2% | 72.1% | 93.0% | - |
| Research and Development | $2.92M | $1.44M | $1.41M | $4.01M | $8.98M | $2.51M | $827K |
| Selling, General, and Administrative | $15.44M | $16.87M | $18.52M | $20.83M | $27.61M | $2.11M | $464K |
| Other | $0 | $1.49M | $674K | $5.48M | $3.2M | $872K | $0 |
| Total Operating Expenses | $18.36M | $19.81M | $20.6M | $30.32M | $39.78M | $5.49M | $1.29M |
| Operating Income (EBIT) | -$2.47M | -$6.99M | -$5.6M | -$18.95M | -$27.62M | -$4.98M | -$1.29M |
| Operating Margin | -8.2% | -34.7% | -27.3% | -115.4% | -163.6% | -914.7% | - |
| Interest Expense | $142K | $709K | $835K | $846K | $322K | $0 | $0 |
| Interest Income | $1.26M | $2.42M | $2.33M | $266K | $7K | $4K | $5K |
| Other Income (Expense) | -$177K | $3.28M | $7.41M | -$215K | $1.09M | $4K | $3K |
| Income Before Tax (EBT) | -$2.65M | -$3.7M | $1.82M | -$19.17M | -$26.53M | -$4.98M | -$1.29M |
| Income Tax Expense | $228K | $67K | $86K | $24K | $23K | $0 | $0 |
| Net Income | -$2.87M | -$3.77M | $11.11M | -$25.97M | -$26.55M | -$4.98M | -$1.29M |
| Net Income Margin | -9.5% | -18.7% | 54.2% | -158.2% | -157.3% | -914.0% | - |
| Supplementary Data | |||||||
| EPS | -0.09 | -0.12 | 0.36 | -0.81 | -0.84 | -0.17 | -0.04 |
| Diluted EPS | -0.09 | -0.12 | 0.36 | -0.81 | -0.84 | -0.17 | -0.04 |
| Weighted Average OS | 31.11M | 31.07M | 32.03M | 32.03M | 31.77M | 29.82M | 29.82M |
| EBITDA | -$2.27M | -$2.91M | $2.75M | -$18.25M | -$24M | -$4.97M | -$1.29M |
| EBITDA Margin | -7.5% | -14.4% | 13.4% | -111.2% | -142.2% | -912.4% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $12.9M | $4.59M | $6.04M | $2.8M | $18.66M | $665K | $494 |
| Short-Term Investments | $18.65M | $30.49M | $42.3M | $17.4M | $12.4M | $11.5M | $150K |
| Cash and Short-Term Investments | $31.55M | $35.08M | $48.34M | $20.19M | $31.06M | $12.17M | $150K |
| Accounts Receivable | $8.08M | $6.56M | $9M | $4.06M | $3M | $220K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $1.02M | $0 | $0 |
| Other Current Assets | $1.93M | $1.71M | $7K | $1.83M | $900K | $0 | $0 |
| Total Current Assets | $42.56M | $44.46M | $58.42M | $26.92M | $35.99M | $12.51M | $176K |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $42K | $82K | $87K | $108K | $2.39M | $46K | $3K |
| Goodwill | $0 | $0 | $0 | $9.1M | $9.1M | $0 | $0 |
| Intangible Assets | $1M | $1.19M | $1.39M | $6.78M | $9.05M | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $488K | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $531K | $1.44M | $516K | $3.36M | $314K | $0 | $0 |
| Total Long-Term Assets | $1.57M | $2.71M | $2.48M | $19.34M | $20.86M | $46K | $3K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $44.13M | $47.17M | $60.9M | $46.26M | $56.84M | $12.55M | $179K |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $3.83M | $983K | $162K | $316K | $1.13M | $648K | $6K |
| Short-Term Debt | $0 | $6.7M | $11K | $0 | $13K | $0 | $184K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $5.25M | $4.49M | $2.23M | $2.58M | $976K | $159K | $0 |
| Other Current Liabilities | $2.78M | $1.57M | $2.71M | $3.74M | $2.39M | $347K | $0 |
| Total Current Liabilities | $14.35M | $16.6M | $6.82M | $8.35M | $6.8M | $1.29M | $460K |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $0 | $22.99M | $25.11M | $24.26M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $216K | $488K | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $512K | $2.88M | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $728K | $26.36M | $25.48M | $24.87M | $0 | $0 |
| Other Liabilities | $0 | -$216K | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $14.35M | $17.12M | $33.18M | $33.84M | $31.67M | $1.29M | $460K |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $31K | $31K | $31K | $32K | $32K | $21K | $8K |
| Retained Earnings | -$52.79M | -$49.92M | -$46.14M | -$58.79M | -$32.82M | -$6.27M | -$1.29M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $82.54M | $79.94M | $73.83M | $71.18M | $57.96M | $17.51M | $1M |
| Total Equity | $29.78M | $30.05M | $27.72M | $12.42M | $25.17M | $11.27M | -$281K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $44.13M | $47.17M | $60.9M | $46.26M | $56.84M | $12.55M | $179K |
| Supplementary Data | |||||||
| Total Debt | $12K | $6.72M | $23M | $25.5M | $25.13M | $0 | $184K |
| Net Debt | -$12.89M | $2.13M | $16.96M | $22.71M | $6.47M | -$665K | $184K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$2.87M | -$3.77M | $1.73M | -$19.19M | -$26.55M | -$4.98M | -$1.29M |
| Depreciation & Amortization | $231K | $85K | $96K | $67K | $2.21M | $9K | $854 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $3.28M | $6.53M | $6.57M | $11.92M | $9.3M | $28K | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$1.66M | -$793K | $362K | -$1.97M | -$2.5M | -$220K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $2.85M | $821K | -$155K | -$131K | -$204K | $641K | $6K |
| Other Working Capital | $1.88M | $389K | -$472K | $3.02M | $510K | $275K | $241K |
| Total Working Capital Change | $3.08M | $417K | -$264K | $917K | -$2.2M | $696K | $248K |
| Other Non-Cash Items | -$824K | -$2.98M | -$7.41M | -$2.29M | -$10K | -$4K | $8K |
| Net Cash from Operating | $2.89M | $283K | $729K | -$8.58M | -$17.25M | -$4.25M | -$1.03M |
| Investing Activities | |||||||
| Capital Expenditures | $0 | $0 | -$75K | -$48K | -$1.44M | -$51K | -$2K |
| Acquisitions | $0 | $1.42M | $0 | -$18K | $1.31M | $0 | $0 |
| Purchases of Investments | -$83.17M | -$152.35M | -$144.08M | -$55.82M | -$34.9M | -$11.35M | -$150K |
| Sales of Investments | $96.12M | $166.56M | $126.86M | $51.09M | $34.01M | $0 | $0 |
| Other Investing Activities | $0 | $1.67M | $24.41M | -$1.66M | $0 | $0 | $0 |
| Net Cash from Investing | $12.94M | $17.29M | $7.12M | -$6.46M | -$1.03M | -$11.4M | -$151K |
| Financing Activities | |||||||
| Debt Repaid | $6.84M | $18.6M | $960K | - | -$23.98M | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $11.97M | $16.32M | $1M |
| Common Stock Repurchases | -$413K | -$293K | -$3.45M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$264K | -$133K | -$191K | -$87K | $341K | $0 | $0 |
| Net Cash from Financing | -$7.52M | -$19.02M | -$4.6M | -$101K | $36.28M | $16.32M | $1.18M |
| Forex Effect | $0 | $0 | $0 | -$7K | -$8K | $0 | $0 |
| Net Change in Cash | $8.31M | -$1.45M | $3.25M | -$15.14M | $18M | $665K | $494 |
| Supplementary Data | |||||||
| Operating Cash Flow | $2.89M | $283K | $729K | -$8.58M | -$17.25M | -$4.25M | -$1.03M |
| Capital Expenditure | -$3 | $3 | -$75K | -$48K | -$1.44M | -$51K | -$2K |
| Free Cash Flow | $2.89M | $283K | $653K | -$8.63M | -$18.69M | -$4.3M | -$1.03M |
| Cash at Beginning | $4.59M | $6.04M | $2.8M | $17.94M | $665K | $494 | $0 |
| Cash at End | $12.9M | $4.59M | $6.04M | $2.8M | $18.66M | $665K | $494 |