---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-011363"
form_type: "8-K"
ticker: "FORA"
cik: "0001829280"
company_name: "Forian Inc."
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T02:18:42.625876+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Forian to restate 2023 and Q3 2024 financials due to revenue recognition error

## Summary
- Audit Committee determined 2023 quarterly/annual and Q3 2024 financials are no longer reliable.
- Error: ASC 606 misapplication; minimum payments on certain contracts not recognized on straight-line basis.
- Restatement expected to increase previously reported revenues and net income for all periods since 2021.
- No impact on cash flows; company targeting filing of 2024 Form 10-K as soon as practicable.
- Discussion with auditor Marcum LLP; restatement details to be included in 2024 10-K.

## SEC filing metadata
- accession: 0001140361-25-011363
- form_type: 8-K
- ticker: FORA
- cik: 0001829280
- company_name: Forian Inc.
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829280/000114036125011363/0001140361-25-011363-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829280/000114036125011363/ef20046685_form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-011363
- JSON: https://secwatch.observer/filing/0001140361-25-011363.json
- Plain text: https://secwatch.observer/filing/0001140361-25-011363.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.