Forian (FORA) EBITDA (2020 - 2026)
Forian (FORA) posted EBITDA of -$3.5 million for Q1 2026, down 79.25% on a QoQ basis from -$1.9 million in Q4 2025, and down 150.08% year-over-year from $7.0 million in Q1 2025.
Forian (FORA) EBITDA (2020 - 2026) Analysis & Trends
Forian's EBITDA history runs 7 years deep, the most recent figure standing at -$3.5 million for Q1 2026.
- Quarterly EBITDA fell 150.08% year-over-year to -$3.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$5.9 million (up 11.38% YoY) and the FY2025 annual result came in at -$3.8 million, up 46.12% from the prior year.
- EBITDA was -$3.5 million for Q1 2026 at Forian, down from -$1.9 million in the prior quarter.
- Across five years, EBITDA topped out at $46076.0 in Q2 2025 and bottomed at -$10.3 million in Q1 2022.
- A 5-year average of -$2.2 million and a median of -$1.8 million in 2024 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2025 — EBITDA surged 101.55% — and 2026, when it tumbled 150.08%.
- Forian's EBITDA stood at -$1.9 million in 2022, then soared by 57.83% to -$784069.0 in 2023, then tumbled by 84.72% to -$1.4 million in 2024, then sank by 34.35% to -$1.9 million in 2025, then tumbled by 79.25% to -$3.5 million in 2026.
- Business Quant data shows FORA's EBITDA at -$3.5 million in Q1 2026, -$1.9 million in Q4 2025, and -$469885.0 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 273.11 Mn |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 121.45 Mn |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 102.95 Mn |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | -17.05 Mn |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 32.07 Mn |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | -93.00 Mn |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 80.47 Mn |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 24.83 Mn |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 7.42 Mn |
| 10 | Forian | 67.60 Mn | 36.65 Mn | 2.01 Mn | -3.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.49 Mn |
| Dec 31, 2025 | -1.95 Mn |
| Sep 30, 2025 | -469,885.00 |
| Jun 30, 2025 | 46,076.00 |
| Mar 31, 2025 | -1.39 Mn |
| Dec 31, 2024 | -1.45 Mn |
| Sep 30, 2024 | -795,829.00 |
| Jun 30, 2024 | -2.97 Mn |
| Mar 31, 2024 | -1.77 Mn |
| Dec 31, 2023 | -784,069.00 |
| Sep 30, 2023 | -642,268.00 |
| Jun 30, 2023 | -1.30 Mn |
| Mar 31, 2023 | -2.20 Mn |
| Dec 31, 2022 | -1.86 Mn |
| Sep 30, 2022 | -2.84 Mn |
| Jun 30, 2022 | -3.93 Mn |
| Mar 31, 2022 | -10.33 Mn |
| Dec 31, 2021 | -8.17 Mn |
| Sep 30, 2021 | -7.35 Mn |
| Jun 30, 2021 | -6.98 Mn |