Forian (FORA) Operating Expenses (2020 - 2026)
Forian (FORA) posted Operating Expenses of $10.3 million for Q1 2026, up 4.35% on a QoQ basis from $9.9 million in Q4 2025, and up 22.34% year-over-year from $8.5 million in Q1 2025.
Forian (FORA) Operating Expenses (2020 - 2026) Analysis & Trends
Forian's Operating Expenses history runs 7 years deep, the most recent figure standing at $10.3 million for Q1 2026.
- Quarterly Operating Expenses rose 22.34% year-over-year to $10.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $35.9 million (up 24.08% YoY) and the FY2025 annual result came in at $34.0 million, up 25.35% from the prior year.
- Operating Expenses was $10.3 million for Q1 2026 at Forian, up from $9.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $13.9 million in Q1 2022 and bottomed at $5.5 million in Q3 2024.
- A 5-year average of $7.8 million and a median of $7.3 million in 2023 frame the typical range for Operating Expenses.
- Peak annual rise in Operating Expenses reached 105.72% in 2022, while the deepest fall reached 50.93% in 2022.
- Forian's Operating Expenses stood at $6.8 million in 2022, then dropped by 7.82% to $6.3 million in 2023, then advanced by 15.35% to $7.3 million in 2024, then surged by 36.46% to $9.9 million in 2025, then increased by 4.35% to $10.3 million in 2026.
- Business Quant data shows FORA's Operating Expenses at $10.3 million in Q1 2026, $9.9 million in Q4 2025, and $8.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 123.22 Mn |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 122.16 Mn |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 233.41 Mn |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 101.14 Mn |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 596.43 Mn |
| 10 | Forian | 67.60 Mn | 36.65 Mn | 2.01 Mn | 10.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.34 Mn |
| Dec 31, 2025 | 9.91 Mn |
| Sep 30, 2025 | 8.23 Mn |
| Jun 30, 2025 | 7.43 Mn |
| Mar 31, 2025 | 8.45 Mn |
| Dec 31, 2024 | 7.26 Mn |
| Sep 30, 2024 | 5.48 Mn |
| Jun 30, 2024 | 7.75 Mn |
| Mar 31, 2024 | 6.65 Mn |
| Dec 31, 2023 | 6.29 Mn |
| Sep 30, 2023 | 6.17 Mn |
| Jun 30, 2023 | 6.40 Mn |
| Mar 31, 2023 | 7.28 Mn |
| Dec 31, 2022 | 6.83 Mn |
| Sep 30, 2022 | 7.15 Mn |
| Jun 30, 2022 | 7.53 Mn |
| Mar 31, 2022 | 13.86 Mn |
| Dec 31, 2021 | 13.92 Mn |
| Sep 30, 2021 | 12.31 Mn |
| Jun 30, 2021 | 11.53 Mn |