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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.
2014
48
LTM Revenue $23.8M
LTM EBITDA $0.5M
$35.4M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Forian has a last 12-month revenue (LTM) of $23.8M and a last 12-month EBITDA of $0.5M.
In the most recent fiscal year, Forian achieved revenue of $20.2M and an EBITDA of -$2.9M.
Forian expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Forian valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $23.8M | XXX | $20.2M | XXX | XXX | XXX |
| Gross Profit | $14.2M | XXX | $12.8M | XXX | XXX | XXX |
| Gross Margin | 60% | XXX | 64% | XXX | XXX | XXX |
| EBITDA | $0.5M | XXX | -$2.9M | XXX | XXX | XXX |
| EBITDA Margin | 2% | XXX | -14% | XXX | XXX | XXX |
| EBIT | -$5.6M | XXX | -$5.6M | XXX | XXX | XXX |
| EBIT Margin | -23% | XXX | -28% | XXX | XXX | XXX |
| Net Profit | -$3.2M | XXX | -$3.8M | XXX | XXX | XXX |
| Net Margin | -14% | XXX | -19% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $2.1M | XXX | XXX | XXX |
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As of May 30, 2025, Forian's stock price is $2.
Forian has current market cap of $64.3M, and EV of $35.4M.
See Forian trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $35.4M | $64.3M | XXX | XXX | XXX | XXX | $0.07 |
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Start Free TrialAs of May 30, 2025, Forian has market cap of $64.3M and EV of $35.4M.
Forian's trades at 1.8x EV/Revenue multiple, and -12.2x EV/EBITDA.
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 -19.9x.
See valuation multiples for Forian and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $64.3M | XXX | $64.3M | XXX | XXX | XXX |
| EV (current) | $35.4M | XXX | $35.4M | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 77.6x | XXX | -12.2x | XXX | XXX | XXX |
| EV/EBIT | -6.4x | XXX | -6.4x | XXX | XXX | XXX |
| EV/Gross Profit | 2.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | -19.9x | XXX | -17.0x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 125.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialForian's last 12 month revenue growth is 27%
Forian's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.4M for the same period.
Forian's rule of 40 is 41% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Forian's rule of X is 70% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Forian and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 27% | XXX | 26% | XXX | XXX | XXX |
| EBITDA Margin | 2% | XXX | -14% | XXX | XXX | XXX |
| EBITDA Growth | 110% | XXX | -61% | XXX | XXX | XXX |
| Rule of 40 | 41% | XXX | 13% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 70% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 22% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 7% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 91% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Benevolent AI | XXX | XXX | XXX | XXX | XXX | XXX |
| Alcidion Group | XXX | XXX | XXX | XXX | XXX | XXX |
| CurveBeam AI | XXX | XXX | XXX | XXX | XXX | XXX |
| Doctor Care Anywhere | XXX | XXX | XXX | XXX | XXX | XXX |
| Echo IQ | 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 acquired XXX companies to date.
Last acquisition by Forian was XXXXXXXX, XXXXX XXXXX XXXXXX . Forian acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Forian founded? | Forian was founded in 2014. |
| Where is Forian headquartered? | Forian is headquartered in United States of America. |
| How many employees does Forian have? | As of today, Forian has 48 employees. |
| Who is the CEO of Forian? | Forian's CEO is Mr. Max C. Wygod. |
| Is Forian publicy listed? | Yes, Forian is a public company listed on NAS. |
| 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? | Similar companies to Forian include e.g. Benevolent AI, Alcidion Group, CurveBeam AI, Doctor Care Anywhere. |
| What is the current market cap of Forian? | Forian's current market cap is $64.3M |
| What is the current revenue of Forian? | Forian's last 12 months revenue is $23.8M. |
| What is the current revenue growth of Forian? | Forian revenue growth (NTM/LTM) is 27%. |
| What is the current EV/Revenue multiple of Forian? | Current revenue multiple of Forian is 1.5x. |
| Is Forian profitable? | Yes, Forian is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Forian? | Forian's last 12 months EBITDA is $0.5M. |
| What is Forian's EBITDA margin? | Forian's last 12 months EBITDA margin is 2%. |
| What is the current EV/EBITDA multiple of Forian? | Current EBITDA multiple of Forian is 77.6x. |
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