Forian Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	4.66	4.59	6.04	2.8	18.66	0.67
Short-Term Investments	23.56	30.49	42.3	17.4	12.4	11.5
Cash & Short-Term Investments	28.23	35.08	48.34	20.19	31.06	12.17
Cash Growth	-42.82%	-27.42%	139.40%	-35.00%	155.30%	7997.45%
Accounts Receivable	8.17	6.56	5.22	4.06	3	0.22
Other Receivables	0.46	0.68	3.77	0.43	-	-
Receivables	8.63	7.24	9	4.49	3	0.22
Prepaid Expenses	1.42	1.11	1.08	0.84	1.02	0.12
Other Current Assets	1.09	1.02	0.39	1.39	0.9	-
Total Current Assets	39.37	44.46	58.8	26.92	35.99	12.51
Property, Plant & Equipment	0.05	0.08	0.09	0.11	2.39	0.05
Goodwill	-	-	-	-	9.1	-
Other Intangible Assets	1.05	1.19	-	-	9.05	-
Other Long-Term Assets	0.79	1.44	1.52	19.23	0.31	-
Total Assets	41.25	47.17	60.41	46.26	56.84	12.55
Accounts Payable	2.11	0.98	0.16	0.32	1.13	0.65
Accrued Expenses	3.07	3.12	2.89	3.77	4.07	0.36
Short-Term Debt	-	-	-	-	0.01	-
Current Portion of Long-Term Debt	-	6.7	-	-	-	-
Current Portion of Leases	0.02	0.02	0.01	0.02	0.25	-
Current Unearned Revenue	4.04	4.49	2.23	2.58	0.98	0.16
Other Current Liabilities	0.92	1.3	1.53	1.67	0.37	0.13
Total Current Liabilities	10.17	16.6	6.82	8.35	6.8	1.29
Long-Term Debt	-	-	24.87	25.11	24.26	-
Long-Term Leases	-	0.01	-	0.01	0.61	-
Other Long-Term Liabilities	-	0.5	1	0.37	-	-
Total Liabilities	10.17	17.12	32.69	33.84	31.67	1.29
Common Stock	0.03	0.03	0.03	0.03	0.03	0.02
Additional Paid-In Capital	82.02	79.94	73.83	71.18	57.96	17.51
Retained Earnings	-50.97	-49.92	-46.14	-58.79	-32.82	-6.27
Shareholders' Equity	31.08	30.05	27.72	12.42	25.17	11.27
Total Liabilities & Equity	41.25	47.17	60.41	46.26	56.84	12.55
Total Debt	0.02	6.73	24.88	25.14	25.13	-
Net Cash (Debt)	28.21	28.35	23.46	-4.95	5.93	12.17
Net Cash Growth	13.07%	20.85%	-	-	-51.26%	-
Net Cash Per Share	0.91	0.91	0.73	-0.15	0.20	0.92
Filing Date Shares Outstanding	31.07	31.19	31.09	32.22	31.78	31.35
Total Common Shares Outstanding	31	31.01	30.88	31.91	30.95	21.23
Working Capital	29.19	27.86	51.98	18.56	29.19	11.22
Book Value Per Share	1.00	0.97	0.90	0.39	0.81	0.53
Tangible Book Value	30.03	28.86	27.72	12.42	7.02	11.27
Tangible Book Value Per Share	0.97	0.93	0.90	0.39	0.23	0.53
Machinery	0.12	0.17	0.17	0.17	0.28	0.06

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q