Forian Inc.
forian.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2026 10-Q, filed May 15, 2026. Its latest SEC filing is a 15-12G from Jun 1, 2026.
10-Q for Q1 FY2026, filed May 15, 2026
The sections below describe the company as of the FY2025 annual report.
What Did They Do?
Provides linked data and analytics products for healthcare and life sciences organizations, including payers and providers, and financial-services investors.
10-K for FY2025, filed Mar 27, 2026Forian is derived from Greek work, plirofoía, meaning information or intelligence. We leverage our expertise in data management and data…View ↗
Through our acquisition of Kyber, we have expanded our addressable market to include financial services, with a particular focus on hedge…View ↗
We provide our information solutions both as an enabling technology to consultants and service providers serving the healthcare and life…View ↗
How Did They Make Money?
Health sciences customers are generally invoiced monthly, quarterly or annually for information products, usually made available at a point in time; fees for milestone services are earned as the work is performed.
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10-K for FY2025, filed Mar 27, 2026
FY2025 revenue by product or service ↗
$30.3M
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10-K for FY2025, filed Mar 27, 2026
$30.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Health Sciences Revenues
Mix
10-K for FY2025, filed Mar 27, 2026 |
76% |
Health Sciences Revenues, FY2025
$23M Sources
|
Mix |
|
Financial Services Revenues
Mix
10-K for FY2025, filed Mar 27, 2026 |
24% |
Financial Services Revenues, FY2025
$7.3M Sources
|
Mix |
Who Were Their Customers?
Licenses information products to consultants and service providers, and sells directly to healthcare, life sciences and financial-services end users, including investment funds.
10-K for FY2025, filed Mar 27, 2026We provide our information solutions both as an enabling technology to consultants and service providers serving the healthcare and life…View ↗
We provide information products to service providers and directly to end markets within the healthcare, life sciences and financial…View ↗
Through our acquisition of Kyber, we have expanded our addressable market to include financial services, with a particular focus on hedge…View ↗
10-K for FY2025, filed Mar 27, 2026
Did Revenues Turn Into Profits?
No. It lost $2.9M in FY2025.
10-K for FY2025, filed Mar 27, 2026
How Were They Changing?
- Net income
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Sources
10-Q for Q1 FY2026, filed May 15, 2026
−$3.4MView ↗
- ▲ +199% (Loss)
- vs −$1.1M in Q1 FY2025
10-Q for Q1 FY2026, filed May 15, 2026
Open tableView ↗
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May 15, 2026
Forian was acquired and became privately held
Parent completed the acquisition; Forian became its wholly owned subsidiary, and its common stock was set to leave Nasdaq.
Sources
8-K, filed May 15, 2026
The Offer and related withdrawal rights expired as scheduled one minute after 11:59 p.m., Eastern time, on May 14, 2026 (such date and…View ↗
Grew. Revenue grew 79% in 4 years, from $16.9M in FY2021 to $30.3M in FY2025, about 16% a year.
Financial services added
The older report describes life sciences and healthcare customers; the latest report also covers financial-services investors, after the Kyber acquisition expanded the addressable market.
10-K for FY2022, filed Mar 30, 2023 10-K for FY2025, filed Mar 27, 2026Forian Inc. provides a unique suite of data management capabilities and proprietary information and analytics solutions to optimize and…View ↗
Who Did They Compete With?
Competes with ICON, IQVIA, Veeva Systems, and Definitive Healthcare
10-K for FY2025, filed Mar 27, 2026While the healthcare industry includes well-capitalized, experienced competitors, we believe our unique data assets, synergies…View ↗
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