Forian (FORA) FCF Margin (2020 - 2026)
Forian (FORA) posted FCF Margin of 8.0% for Q1 2026, down 119.76% on a QoQ basis from 40.47% in Q4 2025, and down 1435.0% year-over-year from 0.6% in Q1 2025.
Forian (FORA) FCF Margin (2020 - 2026) Analysis & Trends
Forian's FCF Margin history runs 7 years deep, the most recent figure standing at 8.0% for Q1 2026.
- Quarterly FCF Margin fell 1435.0% year-over-year to 8.0% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.29% (down 687.0% YoY) and the FY2025 annual result came in at 9.54%, up 814.0% from the prior year.
- FCF Margin was 8.0% for Q1 2026 at Forian, down from 40.47% in the prior quarter.
- Across five years, FCF Margin topped out at 50.72% in Q3 2023 and bottomed at 110.34% in Q1 2022.
- A 5-year average of 10.49% and a median of 5.66% in 2025 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2022 — FCF Margin jumped 11629 bps — and 2024, when it slumped 3441 bps.
- Forian's FCF Margin stood at 36.38% in 2022, then jumped by 70 bps to 10.88% in 2023, then surged by 377 bps to 30.11% in 2024, then soared by 34 bps to 40.47% in 2025, then tumbled by 120 bps to 8.0% in 2026.
- Business Quant data shows FORA's FCF Margin at 8.0% in Q1 2026, 40.47% in Q4 2025, and 5.66% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 127.46% |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 2.81% |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 23.01% |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 17.24% |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 23.59% |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | -27.00% |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 22.17% |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 79.91% |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | -8.03% |
| 10 | Forian | 67.60 Mn | 36.65 Mn | 2.01 Mn | -8.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -8.00% |
| Dec 31, 2025 | 40.47% |
| Sep 30, 2025 | -5.66% |
| Jun 30, 2025 | -4.61% |
| Mar 31, 2025 | 6.35% |
| Dec 31, 2024 | 30.11% |
| Sep 30, 2024 | 16.30% |
| Jun 30, 2024 | -0.48% |
| Mar 31, 2024 | -45.27% |
| Dec 31, 2023 | -10.88% |
| Sep 30, 2023 | 50.72% |
| Jun 30, 2023 | -5.40% |
| Mar 31, 2023 | -25.16% |
| Dec 31, 2022 | -36.38% |
| Sep 30, 2022 | -55.43% |
| Jun 30, 2022 | -14.74% |
| Mar 31, 2022 | -110.34% |
| Sep 30, 2021 | -107.19% |
| Jun 30, 2021 | -106.28% |
| Mar 31, 2021 | -226.63% |