Forian Q3 revenue up 66% to $7.8M; adjusted EBITDA rises 153% to $471K

Forian Inc.

2025-Q3 EPS reported -$0.03 revenue$22,294,439

Revenue $7.76M vs $4.69M YoY; net loss improved to $151K from $205K.
Adjusted EBITDA $471K vs $186K YoY; net loss per share $0.00.
Cash and marketable securities $28.2M at September 30, 2025.
FY 2025 outlook reconfirmed: revenue at high end of $28-30M range; adj. EBITDA at high end of ($1.0)-$1.0M range.
Growth driven by HEOR expansion, health services partnerships, and new financial analytics contracts.

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