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FORA NASDAQ US

Forian Inc. - Common Stock

Health Care · Health Care Website · IPO Mar 2021
$2.10
▲ +$0.02 (+0.96%)
Vol 8K
7
Quality Score
fail
Mkt Cap
$65.9M
ROE
-2.8%
Margin
-3.0%
D/E
0.00
Beta
0.91
52W
$2–$4

Wall Street Consensus

6 analysts · Apr 2026
0
Strong Buy
0
Buy
3
Hold
1
Sell
2
Strong Sell
0.0%
Buy Rating

Price Chart

Earnings

Beat rate: 20.0%
Next Report May 12, 2026
EPS Estimate: $0.02
Quarter EPS Est EPS Act Surprise
Mar 2026 $0.02
Dec 2025 $0.01 $-0.06 $-0.07
Sep 2025 $0.01 $0.00 $-0.01
Jun 2025 $0.01 $0.00 $-0.01

Quarterly Revenue & Earnings

Quarter 2024-0… 2024-1… 2025-0… 2025-0… 2025-0…
Revenue $4.7M $5.8M $7.1M $7.5M $7.8M
Net Income -$205K $200K -$1.1M $225K -$151K

Fundamentals Trend

Metric 2025-06-30 2025-09-02 2025-10-02 2025-11-03 2025-12-03 2026-01-02
ROE (TTM) -3.1% -13.1% -3.1% -3.1% -3.1% -2.8%
P/E (TTM)
Net Margin 3.0% -16.5% -3.6% -3.6% -3.6% -3.0%
Gross Margin 56.8% 60.8% 59.3% 59.3% 59.3% 55.4%
D/E Ratio 21.99 22.47 21.99 21.99 21.99 0.00
Current Ratio 2.66 2.50 2.66 2.66 2.66 3.87

Key Ratios

ROA (TTM)
-1.8%
P/S (TTM)
2.34
P/B
2.1
EPS (TTM)
$-0.03
CF/Share
$-0.02
Rev Growth 3Y
+6.1%
52W High
$4.03
52W Low
$1.64
$1.64 52-Week Range $4.03

Financial Health

Free Cash Flow
-$440K
Net Debt
-$4.6M
Cash
$4.7M
Total Debt
$18K
As of Sep 30, 2025

How does FORA compare to Health Care peers?

Peer group: Micro-cap Health Care (All) · 241 companies

FORA valuation vs Health Care peers

P/E ratio
0% below peers (30.7)
vs Peers
vs Industry
Undervalued
P/S ratio
2.3
9% below peers (2.6)
vs Peers
vs Industry
Fair value
P/B ratio
2.1
24% below peers (2.8)
vs Peers
vs Industry
Pricier
Div yield
0% below peers (0.7%)
vs Peers
vs Industry
Low yield

FORA profitability vs Health Care peers

ROE
-2.8%
93% above peers (-38.5%)
vs Peers
vs Industry
Below avg
Net margin
-3.0%
88% above peers (-24.7%)
vs Peers
vs Industry
Below avg
Gross margin
55.4%
5% above peers (52.9%)
vs Peers
vs Industry
In line
ROA
-1.8%
91% above peers (-21.2%)
vs Peers
vs Industry
Below avg

FORA financial health vs Health Care peers

D/E ratio
0.0
100% below peers (19.3)
vs Peers
vs Industry
Low debt
Current ratio
3.9
79% above peers (2.2)
vs Peers
vs Industry
Strong liquidity
Beta
0.9
13% below peers (1.1)
vs Peers
vs Industry
Less volatile

FORA fundamentals radar

FORA Peer median Industry

FORA profitability vs leverage

Bubble size = market cap · X = net margin · Y = D/E ratio

FORA vs peers: key metrics

Top Holders

Top 5: 11.14%
Oracle Investment Managemen…
4.40%
$2.8M
Staley Capital Advisers, In…
3.54%
$2.3M
Vanguard Group Inc
2.39%
$1.5M
Geode Capital Management, L…
0.55%
$353K
Blackrock Inc.
0.26%
$168K
As of Dec 31, 2025