Forian Inc.

FORANASDAQHealthcare

$2.17

+$0.00(+0.00%)

Market Cap$67792714

P/E Ratio—

52W High$2.71

52W Low$1.64

Avg Volume30K

Open$2.17

Beta0.93

Free Cash Flow Financials Revenue

Forian Inc. (FORA) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FORA · free cash flow · updated Jun 9, 2026

Core FCF metrics

FORA · FCF · TTM · margin & CAGR

Free cash flow was $2.9M for FY2025 (fiscal year ending 2025-12-31), up 920.6% year-over-year The FCF margin was 9.5%.

FY2025 Free Cash Flow$2.9M▲ +920.6% YoY

Trailing 12M (TTM)$2.3Mtrailing 4 quarters sum

FCF Margin9.5%$2.9M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FORA · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.9M(0M)$2.9M▲ +920.6%9.5%

FY2024$282,827(0M)$282,827▼ 56.7%1.4%

FY2023$728,818(0M)$653,325▲ +107.6%3.2%

FY2022−$8.6M(0M)−$8.6M▲ +53.8%-52.6%

FY2021−$17.2M(1M)−$18.7M▼ 334.5%-110.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FORA · P/FCF · FCF yield · FCF per share

Forian Inc. (FORA) trades at a FCF yield of 3.44% and a price-to-free-cash-flow ratio of 31.0x. FCF per share stands at $0.07, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.44%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.07

TTM FCF ÷ Shares Outstanding

Price / FCF

x31.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x15.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FORA · cash flow statement · operating / investing / financing

For FY2025, Forian Inc. generated $2.9M in operating cash flow and spent 0M in capital expenditures, yielding $2.9M in free cash flow.

Operating Activities

+$2.9M

Cash from core business operations

2025-12-31

Investing Activities

+$12.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$7.5M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($2.9M) − |CapEx| (0M) = FCF ($2.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

FORA vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Forian Inc.YOU

FORA

$2.9M+920.6%9.5%

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

Healthcare · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Forian Inc. (FORA) reported free cash flow of $2.9M for FY2025 (fiscal year ending 2025-12-31), up 920.6% year-over-year. The FCF margin was 9.5%.

Based on available data, Forian Inc. has maintained positive free cash flow for at least 3 fiscal year(s). FCF peaked at $2.9M in FY2025.

Forian Inc.'s FCF yield is 3.44% and price-to-FCF ratio is 31.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FORA free cash flow · 8 questions

Forian Inc. free cash flow was $2.9M for FY2025, up 920.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.3M.

FORA free cash flowFORA FCFFORA FCF 2025FORA free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Forian Inc. · Forian Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026