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Forian Valuation Multiples
Discover revenue and EBITDA valuation multiples for Forian and similar public comparables like Deepnoid, DocCheck, SMAIO, BIT Computer and more.
Forian Overview
About Forian
Forian Inc provides a suite of Software, data management capabilities, and proprietary data and analytics to optimize and measure operational, clinical, and financial performance for customers within the traditional and emerging life sciences, healthcare payer, and provider segments, as well as cannabis dispensaries, manufacturers, and cultivators.
Founded
2014
HQ
Employees
48
Website
Financials (FY)
EV
$36M
Forian Financials
Forian reported last fiscal year revenue of $30M and negative EBITDA of ($2M).
In the same fiscal year, Forian generated $16M in gross profit, ($2M) in EBITDA losses, and had net loss of ($3M).
Revenue (LTM)
Forian P&L
In the most recent fiscal year, Forian reported revenue of $30M and EBITDA of ($2M).
Forian expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $30M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $16M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 53% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($2M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (8%) | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (8%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($3M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (9%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Forian Stock Performance
Forian has current market cap of $67M, and enterprise value of $36M.
Market Cap Evolution
Forian's stock price is $2.15.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $36M | $67M | 0.0% | XXX | XXX | XXX | $-0.09 |
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Start Free TrialForian Valuation Multiples
Forian trades at 1.2x EV/Revenue multiple, and (15.7x) EV/EBITDA.
EV / Revenue (LTM)
Forian Financial Valuation Multiples
As of April 19, 2026, Forian has market cap of $67M and EV of $36M.
Equity research analysts estimate Forian's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Forian has a P/E ratio of (23.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $67M | XXX | $67M | XXX | XXX | XXX |
| EV (current) | $36M | XXX | $36M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (15.7x) | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (14.4x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.2x | XXX | XXX | XXX |
| P/E | — | XXX | (23.4x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | 12.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Forian Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Forian Margins & Growth Rates
Forian's revenue in the last fiscal year grew by 50%.
Forian's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.4M for the same period.
Forian Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 50% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (8%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (22%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 20% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 31% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 61% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Forian Public Comps
See public comps and valuation multiples for other Healthcare Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Forian | XXX | XXX | XXX | XXX | XXX | XXX |
| Deepnoid | XXX | XXX | XXX | XXX | XXX | XXX |
| DocCheck | XXX | XXX | XXX | XXX | XXX | XXX |
| SMAIO | XXX | XXX | XXX | XXX | XXX | XXX |
| BIT Computer | XXX | XXX | XXX | XXX | XXX | XXX |
| SOFTMAX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Forian M&A Activity
Forian acquired XXX companies to date.
Last acquisition by Forian was on XXXXXXXX, XXXXX. Forian acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Forian
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialForian Investment Activity
Forian invested in XXX companies to date.
Forian made its latest investment on XXXXXXXX, XXXXX. Forian invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Forian
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Forian
| When was Forian founded? | Forian was founded in 2014. |
| Where is Forian headquartered? | Forian is headquartered in United States. |
| How many employees does Forian have? | As of today, Forian has over 48 employees. |
| Who is the CEO of Forian? | Forian's CEO is Max C. Wygod. |
| Is Forian publicly listed? | Yes, Forian is a public company listed on Nasdaq. |
| What is the stock symbol of Forian? | Forian trades under FORA ticker. |
| When did Forian go public? | Forian went public in 2021. |
| Who are competitors of Forian? | Forian main competitors are Deepnoid, DocCheck, SMAIO, BIT Computer. |
| What is the current market cap of Forian? | Forian's current market cap is $67M. |
| What is the current revenue of Forian? | Forian's last fiscal year revenue is $30M. |
| What is the current EV/Revenue multiple of Forian? | Current revenue multiple of Forian is 1.2x. |
| Is Forian profitable? | No, Forian is not profitable. |
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