Forian (FORA) Gross Margin (2020 - 2026)
Forian (FORA) posted Gross Margin of 29.29% for Q1 2026, down 40.48% on a QoQ basis from 49.22% in Q4 2025, and down 2632.0% year-over-year from 1.16% in Q1 2025.
Forian (FORA) Gross Margin (2020 - 2026) Analysis & Trends
Forian's Gross Margin history runs 7 years deep, the most recent figure standing at 29.29% for Q1 2026.
- Quarterly Gross Margin fell 2632.0% year-over-year to 29.29% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 57.35% (down 341.0% YoY) and the FY2025 annual result came in at 53.21%, down 1040.0% from the prior year.
- Gross Margin was 29.29% for Q1 2026 at Forian, down from 49.22% in the prior quarter.
- Across five years, Gross Margin topped out at 97.66% in Q2 2025 and bottomed at 29.29% in Q1 2026.
- A 5-year average of 65.32% and a median of 65.08% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2025 — Gross Margin soared 3548 bps — and 2026, when it tumbled 2632 bps.
- Forian's Gross Margin stood at 75.93% in 2022, then declined by 6 bps to 71.23% in 2023, then declined by 18 bps to 58.35% in 2024, then retreated by 16 bps to 49.22% in 2025, then plunged by 40 bps to 29.29% in 2026.
- Business Quant data shows FORA's Gross Margin at 29.29% in Q1 2026, 49.22% in Q4 2025, and 51.64% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.97 Bn | 24.65 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 14.72 Bn | 13.82 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 8.31 Bn | 8.05 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 5.99 Bn | 5.68 Bn | 154.23 Mn | 84.60% |
| 5 | 10x Genomics | 5.92 Bn | 5.38 Bn | 106.18 Mn | 70.39% |
| 6 | MiniMed | 4.54 Bn | 4.24 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.48 Bn | 4.42 Bn | 216.84 Mn | 69.08% |
| 8 | Doximity | 3.96 Bn | 3.21 Bn | 125.97 Mn | 86.65% |
| 9 | Privia Health | 3.15 Bn | 2.73 Bn | - | - |
| 10 | Forian | 67.60 Mn | 36.65 Mn | 2.01 Mn | 29.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 29.29% |
| Dec 31, 2025 | 49.22% |
| Sep 30, 2025 | 51.64% |
| Jun 30, 2025 | 97.66% |
| Mar 31, 2025 | 55.62% |
| Dec 31, 2024 | 58.35% |
| Sep 30, 2024 | 70.06% |
| Jun 30, 2024 | 62.18% |
| Mar 31, 2024 | 65.08% |
| Dec 31, 2023 | 71.23% |
| Sep 30, 2023 | 75.37% |
| Jun 30, 2023 | 74.96% |
| Mar 31, 2023 | 75.33% |
| Dec 31, 2022 | 75.93% |
| Sep 30, 2022 | 68.94% |
| Jun 30, 2022 | 64.71% |
| Mar 31, 2022 | 64.84% |
| Sep 30, 2021 | 73.03% |
| Jun 30, 2021 | 72.89% |
| Mar 31, 2021 | 71.75% |