Forian Inc. announced its financial results for the first quarter of 2025 on May 13, 2025, demonstrating significant top-line momentum. Revenue for the quarter reached $7.06 million, marking a 45% increase compared to $4.88 million in the same period of 2024. This growth was primarily driven by the Kyber acquisition and organic growth in core information products.
Despite the strong revenue performance, profitability metrics reflected ongoing investments and the expense profile of the Kyber acquisition. Gross profit as a percentage of revenue decreased to 56% in Q1 2025 from 65% in Q1 2024, and Adjusted EBITDA was negative $51,000, a decrease from positive $104,000 in Q1 2024. However, the operating loss narrowed to $1.39 million from $1.77 million, and cash flow from operations turned positive, providing $448,180 compared to using $2.21 million in Q1 2024.
Management provided an optimistic outlook for the full year 2025, forecasting revenue in the range of $28 million to $30 million. This represents a substantial year-over-year growth rate of 39% to 49% compared to the $20.2 million in revenue reported for 2024. The Adjusted EBITDA outlook for 2025 is projected to range from negative $1 million to positive $1 million, reflecting a balance between growth and strategic investments.
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