Forian (FORA) Company Report

Forian Inc. held a special meeting of stockholders on January 8, 2026, to vote on a proposal to re-domicile the company from a corporation organized under the laws of Delaware to one organized under the laws of Maryland.
The Board of Directors recommended that stockholders vote for this re-domiciliation proposal.
Based on the preliminary report of the Inspector of Elections, the re-domiciliation proposal was approved by a majority of the voting power of the outstanding shares of common stock.
As of the record date, December 2, 2025, there were 31,072,252 shares of common stock of the company issued and outstanding.

Jan 8, 2026, 5:00 PM

Forian Inc. Announces Q3 2025 Financial Results and Full Year Outlook

FORA

Earnings

Guidance Update

M&A

Forian Inc. reported Q3 2025 revenue of $7,762 thousand, representing a 66% increase year-over-year, with year-to-date revenue reaching $22,294 thousand, up 55% from the prior year. The Kyber acquisition contributed $2.0 million to Q3 revenue growth and $5.6 million year-to-date.
Adjusted EBITDA for Q3 2025 was $471 thousand, a 153% increase compared to Q3 2024, and year-to-date Adjusted EBITDA reached $1,011 thousand, up 174% from the prior year. The Adjusted EBITDA margin for Q3 2025 improved to 6.1% from 4.0% in Q3 2024.
Forian expects to finish 2025 with revenue at the high end of its previously provided range of $28-$30 million and Adjusted EBITDA at the high end of ($1.0) to $1.0 million.
As of September 30, 2025, cash and equivalents totaled $28,225 thousand.

Nov 14, 2025, 9:30 PM

Forian Reports Strong Q3 2025 Revenue Growth and Updates Full-Year Guidance

FORA

Earnings

Guidance Update

M&A

Forian reported Q3 2025 revenue of $7.8 million, marking a 66% increase year-over-year, with approximately $2 million (43%) of this growth attributed to the Kyber Data Science acquisition.
The company's Q3 2025 net loss was $151,000, an improvement from a $205,000 net loss in the prior year period, and adjusted EBITDA increased to $0.5 million from $0.2 million in Q3 2024.
Forian updated its full-year 2025 revenue outlook to $28 million-$30 million, representing 39%-49% growth over 2024, and expects adjusted EBITDA to be between negative $1 million and positive $1 million. The company anticipates finishing the year at the high end of this guidance for both metrics.
The company ended the period with $28.2 million in cash and marketable securities and $29.2 million in working capital, having fully repaid $6.8 million in convertible notes that matured on September 1, 2025.

Nov 14, 2025, 9:30 PM

Forian Inc. Announces Third Quarter 2025 Financial Results

FORA

Earnings

Guidance Update

Revenue Acceleration/Inflection

Forian Inc. reported Q3 2025 revenue of $7.8 million, marking a 66% increase from the prior year, alongside an Adjusted EBITDA of $0.5 million.
The company's net loss for Q3 2025 was $(0.2) million, or $(0.00) per share, an improvement from $(0.01) per share in the prior year.
As of September 30, 2025, Forian Inc. maintained a strong liquidity position with $28.2 million in cash, cash equivalents, and marketable securities.
For the full year 2025, Forian Inc. reconfirmed its outlook, projecting revenue at the higher end of $28 to $30 million and Adjusted EBITDA at the higher end of ($1.0) to $1.0 million.

Nov 14, 2025, 9:05 PM

Forian receives take-private proposal from CEO

FORA

M&A

Takeover Bid

Forian Inc. (FORA) received an unsolicited, preliminary, non-binding proposal on August 25, 2025, from a group led by its founder, Executive Chairman, and CEO Max Wygod, to take the company private.
The proposal offers a purchase price of $2.10 per share in cash to the Company's other shareholders, representing a 19% premium to the closing price as of August 22, 2025.
The group making the proposal, including inside directors Adam Dublin and Shahir Kassam-Adams, beneficially owns approximately 63% of Forian's common stock.
Forian's Board of Directors has established a Special Committee of independent directors to evaluate the proposal and determine the appropriate course of action.