Forian Inc.

Overview

• IndustryServices-Computer Processing & Data Preparation¹
• HeadquartersNewtown, Pennsylvania¹
• Incorporated inDE²
• Business address41 University Drive, Suite 400, Newtown, Pa 18940²
• Filer category, Emerging growth company²

See how the biggest companies compare on our leaderboards

Forian is a leading provider of data science-driven information and analytics solutions to the life sciences, healthcare and financial services industries. We provide a unique suite of data management capabilities and proprietary enriched information and analytics solutions to optimize and measure operational, clinical and financial performance for our customers. Our subscription and services-based solutions serve the life sciences, pharmaceutical services, healthcare payer and provider, and financial services industries.⁴ From its latest annual report

Corporate structure

Forian Inc. sits at the top of its group. 8 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Forian Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Intangibles and goodwill

Properties, in its own words

Properties

Our headquarters are in Newtown, Pennsylvania. We currently lease additional office space in Hingham, Massachusetts. We believe our currently leased space is sufficient to meet our current needs, and that any additional space we may require will be available on commercially reasonable terms.

Item 2 of the 10-K filed Mar 27, 2026.⁴

Leadership

Who has led Forian Inc., and when. Pick a name to see everywhere that person has worked.

• Chief executive officerMax C. Wygod Feb 15, 2023 to now¹⁴
• Chief executive officerDaniel J. Barton Mar 2, 2021 to Mar 2, 2021¹⁵
• ChairMax C. Wygod Mar 2, 2021 to now¹⁶
• PresidentMax C. Wygod Feb 15, 2023 to now¹⁴
• Chief financial officerClifford A. Farren Jr. Mar 2, 2021 to Mar 2, 2021¹⁷

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

• Forian LLC (f/k/a Medical Outcomes Research Analytics, LLC) Delaware³
• Green Tree International, Inc. Colorado³
• Helix Legacy, Inc. Delaware³
• Helix Technologies, Inc. Delaware³
• Kyber Data Science LLC Delaware³
• Kyber Data Sub LLC Delaware³
• Kyber Health Data LLC Delaware³

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

1. May 15, 20268-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights³¹
2. Apr 3, 20268-K Entered a material agreement; Other events³²
3. Mar 27, 20268-K Results of operations³³
4. Jan 12, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Shareholder vote³⁴
5. Nov 14, 20258-K Results of operations³⁵
6. Aug 25, 20258-K Regulation FD disclosure³⁶
7. Aug 20, 20258-K Executive or director change³⁷
8. Aug 13, 20258-K Results of operations³⁸
9. Jul 1, 20258-K Change of auditor³⁹
10. Jun 16, 20258-K Executive or director change; Shareholder vote⁴⁰
11. May 14, 20258-K Results of operations⁴¹
12. May 2, 20258-K Executive or director change⁴²
13. Feb 15, 2023New chief executive Max C. Wygod becomes CEO¹⁴
14. Mar 2, 2021New chief executive Daniel J. Barton becomes CEO¹⁵

Calendar

When it reported results

1. Mar 27, 2026Reported quarterly or annual results³³
2. Nov 14, 2025Reported quarterly or annual results³⁵
3. Aug 13, 2025Reported quarterly or annual results³⁸
4. May 14, 2025Reported quarterly or annual results⁴¹
5. Nov 13, 2024Reported quarterly or annual results⁴³
6. Aug 14, 2024Reported quarterly or annual results⁴⁴
7. May 14, 2024Reported quarterly or annual results⁴⁵
8. Mar 28, 2024Reported quarterly or annual results⁴⁶

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

224 filings to the SEC since October 2021: 6 annual reports, 14 quarterly reports, 39 major events, 112 insider forms, 18 large holders, 35 other. The latest 20:

1. Jun 1, 202615-12G EDGAR
2. May 15, 20264 EDGAR
3. May 15, 20264 EDGAR
4. May 15, 20264 EDGAR
5. May 15, 20264 EDGAR
6. May 15, 20264 EDGAR
7. May 15, 20264 EDGAR
8. May 15, 20264 EDGAR
9. May 15, 20264 EDGAR
10. May 15, 20264 EDGAR
11. May 15, 20264 EDGAR
12. May 15, 2026S-8 POS EDGAR
13. May 15, 2026S-8 POS EDGAR
14. May 15, 2026S-8 POS EDGAR
15. May 15, 2026SC 13E3/A EDGAR
16. May 15, 2026SC 13E3/A SC TO-T/A EDGAR
17. May 15, 2026SC 14D9/A EDGAR
18. May 15, 20268-K EDGAR
19. May 15, 202610-Q EDGAR
20. May 7, 2026SC 13E3/A EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

65 open-market trades by officers, directors and large owners since October 2021: 65 buys and 0 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• 2025 Acquisition Company, LLCSCHEDULE 13D/A, 4 filings Aug 25, 2025 to Apr 15, 2026⁴⁷
• Max C. WygodSCHEDULE 13D/A, 5 filings Jan 27, 2025 to Apr 15, 2026⁴⁸
• Larry N. FeinbergSCHEDULE 13G/A, 4 filings Apr 14, 2022 to Feb 14, 2025⁴⁹
• Thomas Jason ColemanSCHEDULE 13G/A, 2 filings Feb 14, 2022 to Feb 13, 2025⁵⁰
• Adam H. DublinSC 13G, 1 filing Feb 14, 2022⁵¹
• Edward Francis Spaniel Jr.SC 13G, 1 filing Feb 14, 2022⁵²
• Max Wygod Family Dynasty TrustSC 13G, 1 filing Feb 14, 2022⁵³

SEC filer profile

How Forian Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARForian Inc.¹
• CIK0001829280
• Employer ID (EIN)85-3467693⁴
• Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company⁴
• Incorporated inMaryland⁴
• Fiscal year endsDecember 31¹
• Industry code (SIC)7374 Services-Computer Processing & Data Preparation¹
• SEC reviewing officeOffice of Technology, Division of Corporation Finance¹
• Business address41 University Drive, Suite 400, Newtown, PA 18940¹
• Phone267-757-8707¹
• Shares outstanding31,240,882 as of May 14, 2026¹³
• Public float$34.0M as of Jun 30, 2025⁴
• AuditorMarcum LLP, San Francisco PCAOB ID 688; no auditor attestation of internal control over financial reporting⁴
• On EDGAR sinceOct 21, 2020¹
• Filings300 in all: 4 (130), 8-K (43), 3 (18), 10-Q (16), SCHEDULE 13D/A (7), 10-K (6), SC 13E3/A (6), 4/A (5)¹
  All 39 form types

  CORRESP (5), DEF 14A (5), SC 13G (5), UPLOAD (5), 425 (4), DEFA14A (4), S-4/A (4), ARS (3), S-8 (3), S-8 POS (3), 8-K/A (2), SC 13D (2), SC 13E3 (2), SC 13G/A (2), SC 14D9/A (2), SCHEDULE 13D (2), SCHEDULE 13G/A (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 424B4 (1), 8-A12B (1), CERT (1), D (1), EFFECT (1), NT 10-K (1), PRE 14A (1), S-4 (1), SC 13D/A (1), SC 14D9 (1), SC TO-C (1)

• Latest filingsAnnual report (10-K) Mar 27, 2026
  Quarterly report (10-Q) May 15, 2026
  Proxy statement (DEF 14A) Dec 15, 2025
  Latest 8-K (8-K) May 15, 2026

Securities registered for trading

From the cover page of the 10-K filed Mar 27, 2026 (Section 12(b) of the Exchange Act).⁴

Risk factors and legal proceedings

The risks Forian Inc. names in Item 1A of its 10-K filed Mar 27, 2026: 25 risks under these headings, as written.⁴

• Risks Related to our Business Operations
• We have a limited operating and financial history.
• We may need additional capital to fund our operations.
• We could lose our access to data from external sources, which could prevent us from providing our solutions.
• We may make acquisitions as a component of our growth strategy. We may not be able to identify suitable acquisition candidates or consummate acquisitions on acceptable terms, or we may be unable to successfully integrate acquisitions, which could disrupt our operations and adversely impact our business and operating results.
• If we do not successfully develop and deploy new products and technologies to address the needs of our customers, our business and results of operations could suffer.
• We depend on computing infrastructure operated by third parties to support some of our solutions and customers, and any errors, disruption, performance problems, or failure in their or our operational infrastructure could adversely affect our business, financial condition and results of operations.
• We rely on third parties for certain services made available to users of our platforms, which could limit our control over the quality of the user experience and our cost of providing services.
• We may not be able to successfully manage our intellectual property and we may be subject to infringement claims.
• Real or perceived errors, failures, defects or bugs in our platforms, products or services could adversely affect our results of operations and growth prospects.
• In a dynamic industry like ours, our success and growth depend on our ability to attract, recruit, retain and develop qualified employees.
• We have identified material weaknesses in our internal control over financial reporting which, if not timely remediated, may adversely affect the accuracy and reliability of our financial statements and our reputation, business and stock price, as well as lead to a loss of investor confidence in us.

Legal proceedings

Legal Proceedings

From time to time we may be involved in claims that arise during the ordinary course of business. For any matters where management currently believes it is probable that we will incur a loss and that the probable loss or range of loss can be reasonably estimated, we record reserves in the consolidated financial statements based on our best estimate of such loss. In other instances, because of the uncertainties related to either the probable outcome or the amount or range of loss, management is unable to make a reasonable estimate of a liability, if any. Regardless of the outcome, litigation can be costly and time consuming, and it can divert management’s attention from important business matters and initiatives, negatively impacting our overall operations. We do not currently have any pending litigation to which we are a party or to which our property is subject that we believe to be material, except for the below.

The opening of Item 3, Legal Proceedings.⁴