Forian (FORA) EBITDA (2020 - 2026)
Forian (FORA) reported EBITDA of -$3.5 million for Q1 2026, down 150.69% on a YoY basis from $6.9 million in Q1 2025, and down 79.42% quarter-over-quarter from -$1.9 million in Q4 2025.
Forian (FORA) EBITDA (2020 - 2026) Analysis & Trends
Forian has reported EBITDA for 7 years, with the latest figure at -$3.5 million in Q1 2026.
- For the quarter ending Q1 2026, EBITDA fell 150.69% year-over-year to -$3.5 million; the trailing twelve-month figure through Mar 2026 stood at -$5.8 million (up 11.28% YoY), and the FY2025 full-year result was -$3.7 million, up 46.14% from the prior year.
- EBITDA for Q1 2026 stood at -$3.5 million, down from -$1.9 million in the prior quarter.
- The five-year high for EBITDA was $50330.0 in Q2 2025, with the low at -$10.3 million in Q1 2022.
- Historically, EBITDA has averaged -$2.2 million across 5 years, with a median of -$1.8 million in 2024.
- Annual changes were most pronounced in 2025 — EBITDA soared 101.7% — and 2026, when it slumped 150.69%.
- Forian's EBITDA stood at -$1.9 million in 2022, then jumped by 57.83% to -$784069.0 in 2023, then slumped by 83.95% to -$1.4 million in 2024, then sank by 34.63% to -$1.9 million in 2025, then plunged by 79.42% to -$3.5 million in 2026.
- The last three EBITDA figures came in at -$3.5 million (Q1 2026), -$1.9 million (Q4 2025), and -$465847.0 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 27.35 Bn | 20.79 Bn | 662.02 Mn | 232.98 Mn |
| 2 | BrightSpring Health Services | 12.12 Bn | 11.24 Bn | 482.22 Mn | 121.45 Mn |
| 3 | Healthequity | 7.42 Bn | 7.15 Bn | 256.31 Mn | 102.95 Mn |
| 4 | Hinge Health | 4.95 Bn | 4.64 Bn | 154.23 Mn | 34.80 Mn |
| 5 | Doximity | 3.80 Bn | 3.05 Bn | 125.97 Mn | 24.83 Mn |
| 6 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | -17.05 Mn |
| 7 | Waystar Holding | 3.65 Bn | 3.49 Bn | 268.04 Mn | 87.47 Mn |
| 8 | Privia Health | 2.66 Bn | 2.29 Bn | 595.71 Mn | 7.57 Mn |
| 9 | Omnicell | 1.90 Bn | 1.73 Bn | 140.36 Mn | 16.85 Mn |
| 10 | Forian | 67.60 Mn | 36.65 Mn | 2.01 Mn | -3.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.48 Mn |
| Dec 31, 2025 | -1.94 Mn |
| Sep 30, 2025 | -465,847.00 |
| Jun 30, 2025 | 50,330.00 |
| Mar 31, 2025 | -1.39 Mn |
| Dec 31, 2024 | -1.44 Mn |
| Sep 30, 2024 | -789,200.00 |
| Jun 30, 2024 | -2.96 Mn |
| Mar 31, 2024 | -1.76 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 | -7.02 Mn |
| Jun 30, 2021 | -6.96 Mn |