Stock Fundamentals

Company Information

Company Name
Forian Inc
Sector
Healthcare
Industry
Health Information Services
Exchange
NASDAQ
ISIN: US34630N1063
CIK: 0001829280
CUSIP: 34630N106
Currency: USD
Full Time Employees: 50
Phone: 267 225 6263
Fiscal Year End: December
IPO Date: Mar 03, 2021
Description:

Forian Inc. provides a suite of data management capabilities and proprietary information and analytics solutions to optimize and measure operational, clinical and financial performance. It develops commercial, real-world evidence (RWE), and market access solutions and proprietary data-driven insights. The company's subscription and services-based solutions serve 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. Forian Inc. operates as a subsidiary of 2025 Acquisition Company, LLC.

Address:

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

Directors & Officers

Name Title Year Born
Mr. Max C. Wygod Co-Founder, CEO, President & Executive Chairman of the Board 1988
Mr. Adam H. Dublin Co-Founder, Chief Strategy Officer & Director 1966
Mr. Michael Vesey CPA Chief Financial Officer 1962
Ms. Caroline Strickland Mcgrail General Counsel & Secretary 1975
Mr. Paul Reuscher Chief Commercial Officer NA
Mr. Jeff Forringer President of Kyber Data Science NA

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

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
Oracle Investment Management Inc 1.37M Dec 31, 2025 4.37% $1.72 0.00%
Staley Capital Advisers Inc 1.10M Mar 31, 2026 3.52% $0.10 0.00%
Vanguard Group Inc 743.97K Dec 31, 2025 2.38% $0.00 -2.18%
Elser Financial Planning, Inc 402.97K Mar 31, 2026 1.29% $0.04 0.00%
Geode Capital Management, LLC 193.24K Mar 31, 2026 0.62% $0.00 12.81%
OpenArc Corporate Advisory, LLC 81.44K Mar 31, 2026 0.26% $0.00 -0.05%
BlackRock Inc 69.73K Mar 31, 2026 0.22% $0.00 -14.58%
State Street Corp 53.86K Mar 31, 2026 0.17% $0.00 0.00%
Aufman Associates Inc 52.66K Mar 31, 2026 0.17% $0.05 0.00%
Caprock Group Inc 48.39K Mar 31, 2026 0.15% $0.00 0.00%
JRS LLC 48.00K Mar 31, 2026 0.15% $0.06 0.00%
Citadel Advisors Llc 43.15K Mar 31, 2026 0.14% $0.00 -35.31%
Renaissance Technologies Corp 41.30K Mar 31, 2026 0.13% $0.00 -26.25%
Northern Trust Corp 34.53K Mar 31, 2026 0.11% $0.00 0.00%
JPMorgan Chase & Co 32.66K Mar 31, 2026 0.10% $0.00 -9.30%
Portland Global Advisors, LLC 25.00K Mar 31, 2026 0.08% $0.01 0.00%
Dimensional Fund Advisors, Inc. 19.47K Mar 31, 2026 0.06% $0.00 -5.67%
The Goldman Sachs Group Inc 18.60K Mar 31, 2026 0.06% $0.00 0.33%
Royal Bank of Canada 2.29K Mar 31, 2026 0.01% $0.00 -36.25%
UBS Group AG 1.02K Mar 31, 2026 0.00% $0.00 493.57%

Shares Statistics

Shares Outstanding: 31.24M
Shares Float: 11.56M
% Insiders: 5,175.30%
% Institutions: 1,490.40%
Short % Float: 0.66%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Vanguard Total Stock Mkt Idx Inv 496.90K 1.59% ▲ 0.00% Apr 30, 2026
2 Vanguard Institutional Extnd Mkt Idx Tr 157.47K 0.50% ▲ 0.00% Apr 30, 2026
3 Fidelity Extended Market Index 102.37K 0.33% ▲ 26.34% Mar 31, 2026
4 Blackrock Extended Mkt Fund CF 41.05K 0.13% ▲ 0.00% Apr 30, 2026
5 Extended Equity Market Fund E 41.05K 0.13% ▲ 0.00% Dec 31, 2025
6 Extended Equity Market Fund B 41.05K 0.13% ▲ 0.00% Dec 31, 2025
7 BlackRock Extended Equity Market Fund K 34.95K 0.11% ▼ 0.73% Mar 31, 2026
8 iShares Micro-Cap ETF 27.09K 0.09% ▲ 0.00% Apr 30, 2026
9 Fidelity Series Total Market Index 22.15K 0.07% ▲ 0.00% Mar 31, 2026
10 Fidelity Total Market Index 20.02K 0.06% ▲ 0.00% Mar 31, 2026

Valuation Metrics

Enterprise Value: $36.25M
Trailing P/E: 0.00
Forward P/E: 24.10

Financial Highlights

Market Cap: $67.79M
EBITDA: $-5.64M
PEG Ratio: $0.94
Book Value: $0.96
Earnings/Share: $-0.09
Profit Margin: -17.01%
Operating Margin: -50.91%
ROA (TTM): -8.37%
ROE (TTM): -17.95%
Revenue (TTM): $30.05M
Revenue/Share (TTM): $0.97
Earnings Growth (YOY): -89.10%
Revenue Growth (YOY): -2.90%

Stock Price History

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Financial Charts

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

Financial Ratios

Balance Sheet (Yearly)

Financial Ratios

Date Current Ratio Debt/Equity Debt/Assets Interest Coverage Debt/EBITDA
2025-12-31 2.97x 0.00x 0.33x -17.34x -0.01x
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

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