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Forian (FORA) investor relations material
Forian Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue grew 37% year-over-year in Q4 2025 and 50% for the full year, reaching $30.3 million.
Net loss narrowed to $2.9 million for 2025, a 24% improvement from the prior year.
Adjusted EBITDA improved to $0.8 million for the year, up 72% year-over-year.
Cash, cash equivalents, and marketable securities totaled $31.6 million at year-end.
Financial highlights
Q4 2025 revenue was $8.0 million, up from $5.8 million in Q4 2024.
Q4 2025 net loss was $1.8 million, compared to net income of $0.2 million in Q4 2024.
Full-year net loss per share improved to $(0.09) from $(0.12) year-over-year.
Adjusted EBITDA for Q4 2025 was $(0.2) million, down from $0.1 million in Q4 2024.
Outlook and guidance
Achieved revenue and Adjusted EBITDA guidance targets for 2025.
Continued investment in data platform and product development while maintaining cost discipline.
- Q2 revenue fell 2% to $4.8M, net loss widened, and 2024 guidance was lowered.FORA
Q2 20241 Feb 2026 - Q3 2024 revenue fell 12% to $4.7M; Kyber acquisition and sales momentum set up future growth.FORA
Q3 202414 Jan 2026 - Re-domiciliation from Delaware to Maryland approved by majority stockholder vote.FORA
EGM 20268 Jan 2026 - Stockholders to vote on redomiciling to Maryland, enabling a take-private offer and strategic flexibility.FORA
Proxy Filing15 Dec 2025 - Redomiciliation to Maryland is proposed to enable a take-private offer, with majority support assured.FORA
Proxy Filing4 Dec 2025 - Annual meeting to vote on director elections, equity plan expansion, and auditor ratification.FORA
Proxy Filing1 Dec 2025 - Key votes include director elections, equity plan expansion, and auditor ratification.FORA
Proxy Filing1 Dec 2025 - Q1 2025 revenue up 45% to $7.1M, with narrowed net loss and strong 2025 growth outlook.FORA
Q1 202526 Nov 2025 - Q2 2025 revenue up 57% to $7.5M, with positive net income and strong outlook for 2025.FORA
Q2 202523 Nov 2025
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