Forian (FORA) Cost of Revenue (2020 - 2026)

Forian (FORA) posted Cost of Revenue of $4.8 million for Q1 2026, up 19.8% on a QoQ basis from $4.0 million in Q4 2025, and up 54.68% year-over-year from $3.1 million in Q1 2025.

Forian (FORA) Cost of Revenue (2020 - 2026) Analysis & Trends

Forian's Cost of Revenue history runs 7 years deep, the most recent figure standing at $4.8 million for Q1 2026.

  • Quarterly Cost of Revenue rose 54.68% year-over-year to $4.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $12.8 million (up 46.26% YoY) and the FY2025 annual result came in at $14.2 million, up 93.03% from the prior year.
  • Cost of Revenue was $4.8 million for Q1 2026 at Forian, up from $4.0 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $4.8 million in Q1 2026 and bottomed at $175000.0 in Q2 2025.
  • A 5-year average of $2.0 million and a median of $1.4 million in 2024 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2022 — Cost of Revenue jumped 171.47% — and 2025, when it plunged 90.32%.
  • Forian's Cost of Revenue stood at $1.2 million in 2022, then soared by 32.55% to $1.6 million in 2023, then soared by 52.69% to $2.4 million in 2024, then soared by 67.02% to $4.0 million in 2025, then climbed by 19.8% to $4.8 million in 2026.
  • Business Quant data shows FORA's Cost of Revenue at $4.8 million in Q1 2026, $4.0 million in Q4 2025, and $3.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Veeva Systems 31.81 Bn 24.49 Bn 662.02 Mn 220.92 Mn
2 BrightSpring Health Services 14.76 Bn 13.86 Bn 482.22 Mn 260.92 Mn
3 Healthequity 8.36 Bn 8.10 Bn 256.31 Mn 98.33 Mn
4 Hinge Health 5.91 Bn 5.60 Bn 154.23 Mn 28.07 Mn
5 10x Genomics 5.89 Bn 5.35 Bn 106.18 Mn 44.67 Mn
6 MiniMed 4.45 Bn 4.16 Bn 480.00 Mn 357.00 Mn
7 Waystar Holding 4.41 Bn 4.35 Bn 216.84 Mn 97.04 Mn
8 Doximity 3.93 Bn 3.18 Bn 125.97 Mn 19.41 Mn
9 Privia Health 3.10 Bn 2.68 Bn - -
10 Forian 67.60 Mn 36.65 Mn 2.01 Mn 4.84 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 4.84 Mn
Mar 31, 2026 4.84 Mn
Dec 31, 2025 4.04 Mn
Dec 31, 2025 4.04 Mn
Sep 30, 2025 3.75 Mn
Sep 30, 2025 3.75 Mn
Jun 30, 2025 175,000.00
Jun 30, 2025 175,000.00
Mar 31, 2025 3.13 Mn
Mar 31, 2025 3.13 Mn
Dec 31, 2024 2.42 Mn
Dec 31, 2024 2.42 Mn
Sep 30, 2024 1.40 Mn
Sep 30, 2024 1.40 Mn
Jun 30, 2024 1.81 Mn
Jun 30, 2024 1.81 Mn
Mar 31, 2024 1.70 Mn
Mar 31, 2024 1.70 Mn
Dec 31, 2023 1.59 Mn
Dec 31, 2023 1.59 Mn