Forian Inc. Reports 56% Q2 Revenue Growth, Analysts Predict 163% Upside Potential

Forian Inc. (FORA) reported a 56% revenue growth in Q2 2025, driven by the Kyber Data Science acquisition, which contributed $1.9 million to the revenue figures. Analysts forecast substantial upside potential in FORA's stock price, with an average one-year price target of $5.00, implying a 163.16% increase from the current trading price. The GF Value is estimated to be $4.35, indicating a notable upside of 128.95% compared to the current price.

Forian Inc. (NASDAQ: FORA) reported a significant milestone in its financial performance for the second quarter of 2025, achieving a 56% increase in revenue compared to the same period last year. The company's net income for the quarter turned positive, marking its first profitable quarter. This substantial improvement was driven by the integration of the Kyber Data Science acquisition, which contributed $1.9 million to the quarterly revenue figures [1].

The company's adjusted EBITDA margin expanded to 7.9% in Q2 2025, up from 1.6% in the same period last year, indicating enhanced operational efficiency and successful integration of recent acquisitions [1]. Despite increasing costs associated with the Kyber acquisition and higher data licensing expenses, Forian maintained positive EBITDA contribution while continuing to invest in information assets [1].

Forian expects full-year 2025 revenue to range between $28 million and $30 million, representing a 39% to 49% increase over 2024 revenue of $20.2 million. The company anticipates adjusted EBITDA to range between -$1 million and $1 million for the full year [1, 2].

Analysts have forecast substantial upside potential in Forian's stock price, with an average one-year price target of $5.00, implying a 163.16% increase from the current trading price. The GF Value is estimated to be $4.35, indicating a notable upside of 128.95% compared to the current price [2].

Forian's strategic initiatives and disciplined approach to growth highlight its commitment to maintaining positive EBITDA contribution while investing in information assets. The company's strong financial position, with cash and equivalents of $35.65 million and a convertible note with accrued interest of $6.8 million due in September 2025, provides ample liquidity to fund ongoing operations and strategic initiatives [1].

References:
[1] https://www.investing.com/news/company-news/forian-q2-2025-slides-first-profitable-quarter-with-56-revenue-growth-93CH-4190259
[2] https://seekingalpha.com/news/4485082-forian-expects-39-percent-49-percent-revenue-growth-in-2025-while-advancing-data-integration