Forian Inc. · NASDAQ:FORA

Forian — Q2 2025 Earnings Presentation

14 slides from Forian's earnings presentation, Aug 13, 2025

Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In
Slide 3: Revenue and Adjusted EBITDA
Revenue and Adjusted EBITDA ($000's) Three Months Ended June 30, ($000's) Six Months Ended June 30, Period-over- Period-over 2025 2024 Period % 2025 2024 Period % Unaudited Unaudited Change Unaudited Unaudited Change Revenue $ 7,476 $ 4,777 56% $ 14,532 $ 9,654 51% Net income (loss) $ 225 $ (2,553)
Slide 4: Revenue Trend
Revenue Trend Q2 revenue increased $2.7m or 56% from prior year • Kyber acquisition contributed $1.9m to growth for Q2 and $3.6 YTD • 39% due to impact of Kyber acquisition • Approximately 17% internal growth for Q2, 13% YTD 4 © 2025 Forian Inc. All Rights Reserved.
Slide 5: Costs and Expenses
Costs and Expenses Other costs and expenses increased $2.2 million for Qtr and $4.5 million YTD, primarily due to the impact of the Kyber acquisition and increased data licensing costs. Note: Other costs and expenses excludes non recurring expenses related to litigation & review of strategic alterna
Slide 6: Adjusted EBITDA – continuing operations
Adjusted EBITDA – continuing operations Maintained positive EBITDA contribution while continuing investing in information assets and integrating Kyber operations Adjusted EBITDA is a non-U.S. GAAP measure. See Appendix for further information, including a reconciliation of Adjusted EBITDA to Net Los
Slide 8: Summary Balance Sheet Data $000’s
Summary Balance Sheet Data $000’s June 30 December 31, 2025 2024 Cash and equivalents $35,649 $35,083 Net working capital $29,020 $27,855 Convertible note and accrued interest (due 9/2025) $ 6,804 $6,698 Shares outstanding 31,202 31,011 8 © 2025 Forian Inc. All Rights Reserved.
Slide 9: Full Year 2025 Outlook
Full Year 2025 Outlook Expect 2025 Revenue of $28-$30 million Representing an increase of 39% to 49% over 2024 revenue of $20.2 million. Expect Adjusted Ebitda of ($1.0) to $1.0 million The outlook provided above constitutes forward-looking information within the meaning of applicable securities law
Slide 12: Reconciliation of U.S. GAAP to Non-GAAP Financial Measures
Reconciliation of U.S. GAAP to Non-GAAP Financial Measures This presentation includes a non-GAAP measure, which we define as financial information that has not been prepared in accordance with U.S. GAAP. The non-U.S. GAAP financial measure provided herein is earnings before interest, taxes, non-cash
Slide 13: Non-U.S. GAAP Reconciliations Reported Net Income to Adjusted EBITDA
Non-U.S. GAAP Reconciliations Reported Net Income to Adjusted EBITDA FORIAN INC. RECONCILIATION OF US GAAP TO NON-GAAP FINANCIAL MEASURES (UNAUDITED) For the Three Months Ended June 30, For the Six Months Ended June 30, 2025 2024 2025 2024 Revenue $ 7,476,140 $ 4,777,101 $ 14,532,256 $ 9,654,479 Net

Forian — Q2 2025 Earnings Presentation on 6ix

Forian — Q2 2025 Earnings Presentation

Slide 1: Q2 2025 Financial Results

Slide 2: Cautionary Statement Regarding Forward-Looking Statements

Slide 3: Revenue and Adjusted EBITDA

Slide 4: Revenue Trend

Slide 5: Costs and Expenses

Slide 6: Adjusted EBITDA – continuing operations

Slide 7: Adjusted EBITDA Margin

Slide 8: Summary Balance Sheet Data $000’s

Slide 9: Full Year 2025 Outlook

Slide 10: Q&A

Slide 11: Appendix

Slide 12: Reconciliation of U.S. GAAP to Non-GAAP Financial Measures

Slide 13: Non-U.S. GAAP Reconciliations Reported Net Income to Adjusted EBITDA

Slide 14: © 2025 Forian Inc. All Rights Reserved.