Forian Inc. Common Stock (FORA)

FairStock Score: 41/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the 2026-05-15 close of $2.17, Forian is a $67.2 million market-cap healthcare data and analytics business. The story is not yet one of durable profitability. In fiscal Q1 2026, the data show revenue of $6.9 million and net income of -$3.4 million, a -49.07% net margin. That is a business spending more than it earns, and the latest quarter’s revenue base is not producing positive profit. FairStock’s calculations show a negative P/E of -24.11 and price-to-book of 2.26, so the market is not paying a deep asset discount. Return metrics are weak: ROE -17.95% and ROCE -8.37%. The balance sheet is a genuine positive, with D/E of 0.00, and trailing free cash flow is $1.9 million, a 2.8% FCF yield. But that cash generation is thin against a $67.2 million market cap and a quarterly loss. Competitive position is hard to judge: the company operates in healthcare data, real-world evidence, and analytics, but 50 employees and negative margins suggest limited scale and no obvious wide moat. FairStock’s Piotroski score is 3/9 and Altman Z-score is 2.07, signalling financial frailty. Its FairStock Score is 41/100, and the Lynch category is none because only 0 years of filed results are available versus the 3 needed. As Graham might say, a speculative issue can be cheap only if assets and earning power justify it; here, earning power is negative and price-to-book is positive. I would need evidence of stabilising revenue and shrinking losses before calling this a value opportunity.

In plain English: Forian sells data and analytics to healthcare and life-science customers. The business looks weak right now: it lost money in the latest quarter, with revenue of $6.9 million and a net loss of $3.4 million. At $2.17 on May 15, 2026, the price does not look clearly cheap against those numbers, even though the company has no debt and produces a small amount of cash after running the business.

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Data as of 2026-05-15 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer