Forian Inc.

Forian Inc.

FORAยทNASDAQ

$2.17

+0.0000%
HealthcareMedical - Healthcare Information Services

Forian Inc. provides software solutions, proprietary data driven insights, and predictive analytics to optimize the operational, clinical, and financial performance of its healthcare, cannabis, and government customers. It operates through three segments: Information & Software, Services, and Other. The company's products include BioTrack, a vertically integrated point of sale, manufacturing, delivery, and cultivator software solution for dispensaries, cultivators, manufacturers, and distributors; and Cannalytics, a Software as a Service based analytics solution that provides clients with a presentation of business performance. Its products also comprise BioTrack seed-to-sale compliance traceability platform, which is used to manage the tracking and tracing of various cannabis products from cultivation to sale; BioTrack State Traceability & Enforcement Monitoring System to ensure transparency and accountability throughout cannabis supply chain; and STEMS, a seed-to-sale tracking module, to provide cannabis program management solution to cannabis regulatory agencies. In addition, the company offers security monitoring and web marketing services. The company is headquartered in Newtown, Pennsylvania.

At a Glance

Live Snapshot
Market Cap$67.79M
EPS-0.0924
P/E Ratio-22.95
Earnings Date08/12/2026
3Y-134.0%
5Y-168.0%
10Y-380.0%
3Y-300.0%
5Y-214.0%
10Y-8647.0%
3Y+7377.0%
5Y-146.0%
10Y-735.0%
FORA

Forian Inc. Cash Conversion Engine

FORA ยท NASDAQ
Net Income-2.87M
Depreciation & Amortization231.15K
Stock-Based Compensation3.28M
Change in Working Capital3.08M
Others-824.00K
Capital Expenditures-3.00
Free Cash Flow2.89M

Cash Flow Quality Analysis

FCF Conversion Rate

-100.4%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

0.0%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+920.6%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$3.08M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Forian Inc. Cash Flow Statement

FORA โ€ข NASDAQ

Forian Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
OPERATING ACTIVITIES
-2.9M
-3.8M
1.7M
-19.2M
-26.6M
-5M
-1.3M
231.1K
85.4K
96.3K
67.2K
2.2M
8.6K
854.0
0.0
0.0
0.0
0.0
0.0
0.0
-13.4K
3.3M
6.5M
6.6M
11.9M
9.3M
28.3K
11.7K
-824K
-3M
-7.4M
-2.3M
-9.9K
-3.6K
9.5K
(0.0)
(0.0)
(4.1M)
(18.4K)
(0.0)
(0.0)
(0.0)
3.1M
417.2K
-264.3K
917.3K
-2.2M
696.1K
247.8K
2.9M
282.8K
728.8K
-8.6M
-17.2M
-4.3M
-1M
INVESTING ACTIVITIES
(0.0)
(0.0)
-75.5K
-47.7K
-1.4M
-51.5K
-1.7K
(0.0)
(1.4M)
(0.0)
-17.9K
(1.3M)
(0.0)
(0.0)
-83.2M
-152.4M
-144.1M
-55.8M
-34.9M
-11.3M
-149.8K
96.1M
166.6M
126.9M
51.1M
34M
0.0
0.0
0.0
1.7M
24.4M
-1.7M
0.0
0.0
-224.7K
(12.9M)
(17.3M)
(7.1M)
-6.5M
-1M
-11.4M
-151.4K
FINANCING ACTIVITIES
-412.9K
-292.9K
-3.5M
0.0
12M
16.3M
0.0
-6.8M
-18.6M
-960K
-13.1K
24M
0.0
0.0
-412.9K
-292.9K
-3.5M
(0.0)
(0.0)
(0.0)
(0.0)
-263.7K
-132.6K
-191.5K
-87.4K
341.4K
0.0
1.2M
-7.5M
-19M
-4.6M
-100.5K
36.3M
16.3M
1.2M
CASH FLOW SUMMARY
0.0
0.0
0.0
-6.8K
-8.3K
0.0
0.0
8.3M
-1.5M
3.2M
-15.1M
18M
665K
494.0
4.6M
6M
2.8M
17.9M
665.5K
494.0
0.0
12.9M
4.6M
6M
2.8M
18.7M
665.5K
494.0
2.9M
282.8K
653.3K
-8.6M
-18.7M
-4.3M
-1M

SEC Filings

FORA - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 15, 2026
May 15, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 15, 2026
March 31, 2026
2026
10-K/A

10-K/A 2025 FY (Amended)

FY

April 30, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

April 03, 2026
April 02, 2026
2026
10-K

10-K 2025 FY

FY

March 27, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 27, 2026
March 27, 2026
2026
8-K

8-K 2026

N/A

January 12, 2026
January 08, 2026
2026
DEF 14A

DEF 14A 2026

N/A

December 15, 2025
January 08, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 14, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 14, 2025
November 14, 2025
2025
Showing 1 to 10 of 78 filings