Forian Inc. (FORA) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 37.41M | 42.56M | 39.37M | 46.54M | 46.38M | 44.46M | 55.83M | 56.44M | 55.65M | 58.42M | 58.49M | 55.07M | 55.31M | 26.92M | 27.81M | 29.33M | 33.33M | 35.99M | 39.69M | 20.62M |
| Cash & Short-Term Investments | 30.95M | 31.55M | 28.23M | 35.65M | 35.67M | 35.08M | 49.36M | 48.01M | 47.43M | 48.34M | 48.96M | 41.25M | 40M | 20.19M | 20.63M | 23.89M | 27.15M | 31.06M | 35.93M | 17.27M |
| Cash Only | 30.95M | 12.9M | 4.66M | 5.37M | 5.7M | 4.59M | 2.71M | 2M | 1.03M | 6.04M | 5.38M | 2.9M | 839.72K | 2.8M | 1.59M | 12.31M | 14.75M | 18.66M | 23.54M | 4.76M |
| Short-Term Investments | 0 | 18.65M | 23.56M | 30.28M | 29.96M | 30.49M | 46.65M | 46.01M | 46.41M | 42.3M | 43.59M | 38.34M | 39.16M | 17.4M | 19.05M | 11.58M | 12.39M | 12.4M | 12.4M | 12.51M |
| Accounts Receivable | 4.26M | 8.08M | 8.63M | 8.3M | 8.02M | 6.56M | 5.05M | 6.6M | 7.24M | 9M | 8.54M | 5.65M | 14.45M | 4.06M | 5.53M | 3.79M | 4.88M | 3M | 2.54M | 1.97M |
| Days Sales Outstanding | 81.06 | 96.58 | 100.34 | 99.32 | 92.99 | 91.86 | 114.36 | 131.86 | 151.49 | 150.29 | 122.08 | 186.87 | 171.02 | 55.83 | 59.76 | 60.4 | 100.39 | 44.4 | 41.88 | 33.53 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 870.33K | 968.13K | 0 | 0 | 0 | 0 | 0 | 1.02M | 912.88K | 930.17K |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | 62.07 | 69.01 | - | - | - | - | - | 52.6 | 63.36 | 68.66 |
| Other Current Assets | 2.2M | 1.93M | 1.09M | 2.6M | 1.5M | 1.71M | 721.92K | 806.93K | 103.39K | 6.93K | 111.19K | 7.2M | 435.74K | 1.83M | 436.1K | 384.31K | 368.71K | 900.24K | 300K | 450K |
| Total Non-Current Assets | 1.41M | 1.57M | 1.89M | 1.92M | 2.22M | 2.71M | 1.69M | 1.93M | 1.85M | 2.48M | 303.68K | 282.04K | 320.88K | 19.34M | 20.3M | 21.18M | 21.09M | 20.86M | 20.73M | 20.68M |
| Property, Plant & Equipment | 31.75K | 41.56K | 51.56K | 61.49K | 71.57K | 82.21K | 93.92K | 106.19K | 72.59K | 86.75K | 102.05K | 117.67K | 139.44K | 107.59K | 3.58M | 3.88M | 3.18M | 2.39M | 1.68M | 482.23K |
| Fixed Asset Turnover | 186.91x | 171.00x | 137.32x | 112.37x | 91.77x | 66.00x | 46.84x | 53.44x | 61.22x | 56.88x | 48.68x | 38.07x | 39.43x | 4.29x | 1.92x | 1.85x | 1.27x | 2.82x | 4.59x | 12.49x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.1M | 9.1M | 9.1M | 9.1M | 9.1M | 9.13M | 8.7M |
| Intangible Assets | 953.45K | 1M | 1.05M | 1.1M | 1.15M | 1.19M | 0 | 0 | 0 | 1.39M | 0 | 0 | 0 | 6.78M | 7.34M | 7.91M | 8.48M | 9.05M | 9.6M | 10.16M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 422.63K | 531.03K | 785.76K | 762.3K | 1.01M | 1.44M | 1.59M | 1.83M | 1.77M | 515.61K | 201.63K | 164.37K | 181.44K | 3.36M | 274.53K | 285.8K | 322.16K | 314.44K | 329.68K | 1.33M |
| Total Assets | 38.81M | 44.13M | 41.25M | 48.46M | 48.6M | 47.17M | 57.51M | 58.37M | 57.5M | 60.9M | 58.79M | 55.35M | 55.63M | 46.26M | 48.1M | 50.51M | 54.42M | 56.84M | 60.42M | 41.3M |
| Asset Turnover | 0.17x | 0.19x | 0.17x | 0.15x | 0.15x | 0.11x | 0.08x | 0.08x | 0.08x | 0.09x | 0.09x | 0.09x | 0.10x | 0.17x | 0.15x | 0.12x | 0.06x | 0.10x | 0.10x | 0.12x |
| Asset Growth % | -20.14% | -6.44% | -28.27% | -16.97% | -15.47% | -22.55% | -2.18% | 5.46% | 3.34% | 31.65% | 22.23% | 9.58% | 2.23% | -18.62% | -20.39% | 22.29% | 63.01% | 352.77% | 4248.77% | - |
| Total Current Liabilities | 11.93M | 14.35M | 10.17M | 17.52M | 18.55M | 16.6M | 30.1M | 8.04M | 6.47M | 6.82M | 7.46M | 9.03M | 9.91M | 8.35M | 8.43M | 7.84M | 8.18M | 6.8M | 5.53M | 6.02M |
| Accounts Payable | 3.79M | 3.83M | 2.11M | 1.88M | 2.27M | 982.66K | 843.83K | 1.49M | 374.74K | 161.59K | 259.79K | 921.54K | 350.78K | 316.11K | 896.92K | 876.93K | 1.26M | 1.13M | 1.1M | 1.98M |
| Days Payables Outstanding | 70.1 | 67.66 | 48.22 | 58.42 | 46.74 | 34.7 | 76.52 | 46.95 | 14.25 | 12.15 | 39.88 | 45.34 | 23.97 | 32.44 | 44.35 | 55.56 | 86.21 | 60.49 | 105.63 | 145.01 |
| Short-Term Debt | 0 | 0 | 0 | 6.83M | 6.75M | 6.7M | 24.37M | 22.87K | 0 | 10.66K | 15.81K | 20.84K | 0 | 0 | 0 | 0 | 0 | 13.12K | 261.02K | 18.05K |
| Deferred Revenue (Current) | 4.62M | 5.25M | 4.04M | 4.91M | 5.62M | 4.49M | 2.24M | 3.2M | 2.85M | 2.23M | 2.75M | 3.26M | 3.1M | 2.58M | 2.69M | 2.98M | 2.96M | 976.27K | 682.16K | 658.89K |
| Other Current Liabilities | 3.51M | 2.78M | 1.87M | 2.13M | 1.6M | 1.57M | 2.24M | 2.33M | 2.33M | 2.71M | 2.97M | 3.03M | 10.11K | 3.74M | 26.08K | 34.62K | 149.39K | 2.39M | 2.16M | 1.72M |
| Current Ratio | 3.14x | 2.97x | 3.87x | 2.66x | 2.50x | 2.68x | 1.85x | 7.02x | 8.60x | 8.56x | 7.84x | 6.10x | 5.58x | 3.22x | 3.30x | 3.74x | 4.08x | 5.29x | 7.17x | 3.43x |
| Quick Ratio | 3.14x | 2.97x | 3.87x | 2.66x | 2.50x | 2.68x | 1.85x | 7.02x | 8.60x | 8.56x | 7.72x | 5.99x | 5.58x | 3.22x | 3.30x | 3.74x | 4.08x | 5.14x | 7.01x | 3.27x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | 144.27 | 210.53 | - | - | - | - | - | 36.51 | -0.39 | -42.82 |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 6.11K | 728.07K | 518.1K | 24.7M | 24.48M | 26.36M | 24.67M | 25.53M | 25.32M | 25.48M | 25.34M | 25.17M | 25.02M | 24.87M | 24.72M | 737.7K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24.18M | 21.99M | 22.99M | 24.67M | 25.53M | 25.32M | 25.11M | 24.89M | 24.68M | 24.47M | 24.26M | 24.05M | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.39K | 376.57K | 445K | 491.2K | 551.97K | 611.52K | 675.25K | 737.7K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 215.93K | 0 | 0 | 0 | 487.56K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 6.11K | 512.14K | 518.1K | 524K | 2.49M | 2.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 11.93M | 14.35M | 10.17M | 17.52M | 18.55M | 17.12M | 30.62M | 32.74M | 30.95M | 33.18M | 32.13M | 34.56M | 35.23M | 33.84M | 33.77M | 33.01M | 33.2M | 31.67M | 30.26M | 6.76M |
| Total Debt | 6.1K | 12.14K | 18.1K | 6.83M | 6.77M | 6.72M | 24.39M | 24.2M | 22M | 23M | 24.68M | 25.55M | 25.34M | 25.5M | 25.6M | 25.42M | 25.27M | 25.13M | 25.23M | 1.02M |
| Net Debt | -30.95M | -12.89M | -4.64M | 1.46M | 1.07M | 2.13M | 21.69M | 22.2M | 20.97M | 16.96M | 19.3M | 22.64M | 24.5M | 22.71M | 24.02M | 13.11M | 10.52M | 6.47M | 1.7M | -3.74M |
| Debt / Equity | 0.00x | 0.00x | 0.00x | 0.22x | 0.23x | 0.22x | 0.91x | 0.94x | 0.83x | 0.83x | 0.93x | 1.23x | 1.24x | 2.05x | 1.79x | 1.45x | 1.19x | 1.00x | 0.84x | 0.03x |
| Debt / EBITDA | - | - | - | 65.50x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | 13.99x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | -3.72x | 7.34x | -20.23x | 3.07x | -0.54x | -12.17x | -4.58x | -1.23x | 27.25x | -4.00x | -9.64x | -15.61x | -23.09x | -24.95x | -47.80x | -35.31x | -87.41x | -339.65x |
| Total Equity | 26.89M | 29.78M | 31.08M | 30.94M | 30.05M | 30.05M | 26.89M | 25.63M | 26.54M | 27.72M | 26.67M | 20.79M | 20.41M | 12.42M | 14.33M | 17.5M | 21.22M | 25.17M | 30.17M | 34.55M |
| Equity Growth % | -10.52% | -0.91% | 15.56% | 20.7% | 13.2% | 8.41% | 0.86% | 23.29% | 30.07% | 123.15% | 86.06% | 18.84% | -3.84% | -50.65% | -52.49% | -49.35% | -20.68% | 123.4% | 4840.19% | - |
| Book Value per Share | 0.86 | 0.96 | 1.00 | 0.99 | 0.97 | 0.97 | 0.86 | 0.82 | 0.86 | 0.85 | 0.76 | 0.64 | 0.63 | 0.39 | 0.45 | 0.55 | 0.67 | 0.80 | 0.96 | 1.11 |
| Total Shareholders' Equity | 26.89M | 29.78M | 31.08M | 30.94M | 30.05M | 30.05M | 26.89M | 25.63M | 26.54M | 27.72M | 26.67M | 20.79M | 20.41M | 12.42M | 14.33M | 17.5M | 21.22M | 25.17M | 30.17M | 34.55M |
| Common Stock | 31.24K | 31.07K | 31K | 31.2K | 31.2K | 31.01K | 31.09K | 31.11K | 31.09K | 30.92K | 32.49K | 32.45K | 32.42K | 32.25K | 32.14K | 32.05K | 31.93K | 31.77K | 31.53K | 31.2K |
| Retained Earnings | -56.15M | -52.79M | -50.97M | -50.82M | -51.04M | -49.92M | -51.66M | -51.45M | -48.9M | -46.14M | -49.07M | -53.42M | -52.29M | -58.79M | -55.24M | -50.11M | -44.67M | -32.82M | -24.77M | -17.89M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 145.25K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |