Forian Inc. reported significant financial growth in its latest quarterly results, with revenues reaching $7.76 million for the three months ended September 30, 2025, a 65.7% increase from $4.69 million in the same period last year. For the nine months ending September 30, 2025, total revenues were $22.29 million, up 55.5% from $14.34 million in 2024. The increase in revenue is attributed to the acquisition of Kyber Data Science, which contributed approximately $1.99 million and $5.55 million in revenue for the three and nine months, respectively, as well as organic growth in the company’s information products.
Despite the revenue growth, Forian reported an operating loss of $469,885 for the third quarter, an improvement from a loss of $795,829 in the prior year. The nine-month operating loss also decreased to $1.82 million from $5.54 million in 2024. The company’s cost of revenues increased significantly, reflecting the impact of the Kyber acquisition and higher information licensing expenses, leading to a gross profit margin decline to 52% for the third quarter, down from 70% in the previous year.
In terms of operational metrics, Forian's customer base remains concentrated, with one customer accounting for 11% of revenue in the latest quarter. The company has also seen a shift in its geographic sales distribution, with the U.S. representing 95% of sales in the third quarter of 2025, compared to 91% in the same period of 2024. The company’s total assets decreased to $41.25 million as of September 30, 2025, down from $47.17 million at the end of 2024, primarily due to a reduction in marketable securities.
Looking ahead, Forian aims to continue leveraging its recent acquisition to enhance its product offerings and expand its market presence. The company plans to focus on increasing its sales and marketing efforts to drive further growth. Additionally, Forian has indicated that it will continue to evaluate potential acquisition opportunities to bolster its capabilities in the healthcare and financial services sectors. The company’s management remains optimistic about achieving improved financial performance in the upcoming quarters, supported by its strategic initiatives and operational enhancements.
About Forian Inc.
Forian Inc. provides data management, analytics, and information solutions to the healthcare, life sciences, and financial services industries. Leveraging large-scale, de-identified patient and market data, it offers subscription-based products to optimize clinical, operational, and commercial performance. Its proprietary data factory and analytics tools enable insights into patient journeys, treatment efficacy, and market dynamics, supporting evidence-based decision-making and advancing real-world evidence in a highly regulated, data-driven environment.
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