Stock Fundamentals

Company Information

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Company Name
Forian Inc
Sector
Healthcare
Industry
Health Information Services
Exchange
NASDAQ
ISIN: US34630N1063
CIK: 0001829280
CUSIP: 34630N106
Currency: USD
Full Time Employees: 47
Phone: 267 225 6263
Website: https://forian.com
Fiscal Year End: December
IPO Date: Mar 03, 2021
Description:

Forian Inc. provides a suite of data management capabilities, and information and analytics solutions to optimize and measure operational, clinical, and financial performance for customers in the life science, healthcare, and financial services industries. It develops commercial, real world evidence (RWE), and market access solutions and proprietary data-driven insights, as well as offers data management solutions. The company's subscription and services-based solutions cover the life sciences, pharmaceutical services, healthcare payer, and provider and financial services industries. Forian Inc. was founded in 2020 and is headquartered in Newtown, Pennsylvania.

Address:

41 University Drive, Newtown, PA, United States, 18940

Directors & Officers

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Name Title Year Born
Mr. Max C. Wygod Co-Founder, CEO, President & Executive Chairman of the Board 1988
Mr. Michael Vesey CPA Chief Financial Officer 1962
Mr. Adam H. Dublin Co-Founder, Chief Strategy Officer & Director 1966
Ms. Caroline Strickland Mcgrail General Counsel & Secretary NA
Mr. Jason Holden Vice President of Corporate Development NA
Mr. Paul Reuscher Chief Commercial Officer NA
Mr. Jeff Forringer President of Kyber Data Science NA

Institutional Holders

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Holder Name Shares Date Reported % Out Value % Change
Oracle Investment Management Inc 1.37M Dec 31, 2025 4.40% $1.72 0.00%
Staley Capital Advisers Inc 1.10M Sep 30, 2025 3.54% $0.10 0.00%
Vanguard Group Inc 743.97K Dec 31, 2025 2.39% $0.00 -2.18%
Geode Capital Management, LLC 169.72K Sep 30, 2025 0.55% $0.00 2.15%
BlackRock Inc 80.06K Sep 30, 2025 0.26% $0.00 -0.01%
JPMorgan Chase & Co 61.02K Sep 30, 2025 0.20% $0.00 93.65%
Renaissance Technologies Corp 56.00K Dec 31, 2025 0.18% $0.00 -4.76%
State Street Corp 53.86K Sep 30, 2025 0.17% $0.00 0.00%
Aufman Associates Inc 52.66K Sep 30, 2025 0.17% $0.07 0.00%
Caprock Group Inc 48.39K Dec 31, 2025 0.16% $0.00 -44.25%
Canton Hathaway, LLC 44.00K Dec 31, 2025 0.14% $0.02 -30.71%
Citadel Advisors Llc 38.37K Sep 30, 2025 0.12% $0.00 178.22%
Northern Trust Corp 35.24K Sep 30, 2025 0.11% $0.00 0.00%
Portland Global Advisors, LLC 25.00K Dec 31, 2025 0.08% $0.01 0.00%
Dimensional Fund Advisors, Inc. 20.64K Dec 31, 2025 0.07% $0.00 0.00%
The Goldman Sachs Group Inc 20.38K Sep 30, 2025 0.07% $0.00 17.23%
UBS Group AG 13.78K Sep 30, 2025 0.04% $0.00 1,470.92%
Royal Bank of Canada 2.27K Sep 30, 2025 0.01% $0.00 0.00%
Group One Trading, LP 500.00 Sep 30, 2025 0.00% $0.00 0.00%
Mccormack Advisors International 500.00 Sep 30, 2025 0.00% $0.00 0.00%

Shares Statistics

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Shares Outstanding: 31.07M
Shares Float: 11.60M
% Insiders: 4,913.40%
% Institutions: 1,300.70%
Short % Float: 0.54%

🏆 Top 10 Institutional Holders

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Rank Holder Name Shares Held % of Shares Change Date Reported
1 Oracle Investment Management Inc 1.37M 4.40% ▲ 0.00% Dec 31, 2025
2 Staley Capital Advisers Inc 1.10M 3.54% ▲ 0.00% Sep 30, 2025
3 Vanguard Group Inc 743.97K 2.39% ▼ 2.18% Dec 31, 2025
4 Geode Capital Management, LLC 169.72K 0.55% ▲ 2.15% Sep 30, 2025
5 BlackRock Inc 80.06K 0.26% ▼ 0.01% Sep 30, 2025
6 JPMorgan Chase & Co 61.02K 0.20% ▲ 93.65% Sep 30, 2025
7 Renaissance Technologies Corp 56.00K 0.18% ▼ 4.76% Dec 31, 2025
8 State Street Corp 53.86K 0.17% ▲ 0.00% Sep 30, 2025
9 Aufman Associates Inc 52.66K 0.17% ▲ 0.00% Sep 30, 2025
10 Caprock Group Inc 48.39K 0.16% ▼ 44.25% Dec 31, 2025

Valuation Metrics

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Enterprise Value: $36.42M
Trailing P/E: 0.00
Forward P/E: 23.09

Financial Highlights

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Market Cap: $64.63M
EBITDA: $-3.55M
PEG Ratio: $0.94
Book Value: $1.00
Earnings/Share: $-0.02
Profit Margin: -3.03%
Operating Margin: -6.05%
ROA (TTM): -4.75%
ROE (TTM): -2.94%
Revenue (TTM): $28.11M
Revenue/Share (TTM): $0.90
Earnings Growth (YOY): -89.10%
Revenue Growth (YOY): 65.60%

Stock Price History

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1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Download Financials (Excel)

Financial Charts

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Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Earnings Per Share (EPS) History

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Financial Ratios (Yearly)

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Financial Ratios (Quarterly)

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Earnings History

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Balance Sheet (Yearly)

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Financial Ratios

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Date Current Ratio Debt/Equity Debt/Assets Interest Coverage Debt/EBITDA
2024-12-31 2.68x 0.22x 0.36x -9.86x -2.31x
2023-12-31 8.56x 0.90x 0.54x -6.70x 9.05x
2022-12-31 3.22x 2.02x 0.73x -22.40x -1.38x
2021-12-31 5.29x 0.97x 0.56x -85.67x -1.02x
2020-12-31 9.72x 0.00x 0.10x N/A 0.00x
2019-12-31 0.38x -0.66x 2.57x N/A -0.14x

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Feb 13, 2025 Max C Wygod N/A Purchase 1.80K $2.73 $4.91K
Feb 11, 2025 Max C Wygod N/A Purchase 12.32K $2.67 $32.89K
Oct 04, 2023 Martin J Wygod N/A Purchase 1.70K $2.38 $4.05K
May 30, 2023 Martin J Wygod N/A Purchase 4.57K $2.39 $10.91K
May 25, 2023 Martin J Wygod N/A Purchase 3.00K $2.34 $7.02K
May 23, 2023 Martin J Wygod N/A Purchase 6.00K $2.38 $14.28K
May 18, 2023 Martin J Wygod N/A Purchase 5.44K $2.29 $12.47K
May 16, 2023 Stanley S Trotman Jr N/A Purchase 7.66K $2.40 $18.38K

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