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Side-by-side financial comparison of AleAnna, Inc. (ANNA) and Forian Inc. (FORA). Click either name above to swap in a different company.

AleAnna, Inc. is the larger business by last-quarter revenue ($9.1M vs $8.0M, roughly 1.1× Forian Inc.). AleAnna, Inc. runs the higher net margin — 2.8% vs -22.9%, a 25.7% gap on every dollar of revenue.

Anna University is a public state university located in Chennai, Tamil Nadu, India. The main campus is in Guindy. It was originally established on 4 September 1978 and is named after C. N. Annadurai, former Chief Minister of Tamil Nadu.

Forian Inc is a specialized healthcare technology and data analytics firm offering SaaS-based real-world evidence solutions, clinical decision support tools, and operational optimization services. It serves biopharmaceutical companies, healthcare providers, and life sciences stakeholders to improve patient outcomes, accelerate research, and boost care delivery efficiency.

ANNA vs FORA — Head-to-Head

Bigger by revenue
ANNA
ANNA
1.1× larger
ANNA
$9.1M
$8.0M
FORA
Higher net margin
ANNA
ANNA
25.7% more per $
ANNA
2.8%
-22.9%
FORA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANNA
ANNA
FORA
FORA
Revenue
$9.1M
$8.0M
Net Profit
$258.1K
$-1.8M
Gross Margin
49.2%
Operating Margin
2.4%
-24.4%
Net Margin
2.8%
-22.9%
Revenue YoY
37.0%
Net Profit YoY
102.7%
-1012.2%
EPS (diluted)
$0.00
$-0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ANNA
ANNA
FORA
FORA
Q4 25
$9.1M
$8.0M
Q3 25
$11.2M
$7.8M
Q2 25
$4.0M
$7.5M
Q1 25
$7.1M
Q4 24
$5.8M
Q3 24
$4.7M
Q2 24
$4.8M
Q1 24
$4.9M
Net Profit
ANNA
ANNA
FORA
FORA
Q4 25
$258.1K
$-1.8M
Q3 25
$5.3M
$-151.2K
Q2 25
$644.7K
$224.8K
Q1 25
$-1.1M
Q4 24
$199.7K
Q3 24
$-204.9K
Q2 24
$-2.6M
Q1 24
$-1.2M
Gross Margin
ANNA
ANNA
FORA
FORA
Q4 25
49.2%
Q3 25
51.6%
Q2 25
56.8%
Q1 25
55.6%
Q4 24
58.3%
Q3 24
70.1%
Q2 24
62.2%
Q1 24
65.1%
Operating Margin
ANNA
ANNA
FORA
FORA
Q4 25
2.4%
-24.4%
Q3 25
51.0%
-6.1%
Q2 25
14.5%
0.6%
Q1 25
-19.8%
Q4 24
-24.9%
Q3 24
-17.0%
Q2 24
-62.2%
Q1 24
-36.3%
Net Margin
ANNA
ANNA
FORA
FORA
Q4 25
2.8%
-22.9%
Q3 25
47.4%
-1.9%
Q2 25
16.0%
3.0%
Q1 25
-16.0%
Q4 24
3.4%
Q3 24
-4.4%
Q2 24
-53.4%
Q1 24
-24.9%
EPS (diluted)
ANNA
ANNA
FORA
FORA
Q4 25
$0.00
$-0.06
Q3 25
$0.08
$0.00
Q2 25
$0.01
$0.01
Q1 25
$-0.04
Q4 24
$0.01
Q3 24
$-0.01
Q2 24
$-0.08
Q1 24
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ANNA
ANNA
FORA
FORA
Cash + ST InvestmentsLiquidity on hand
$31.8M
$31.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.7M
$29.8M
Total Assets
$101.3M
$44.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANNA
ANNA
FORA
FORA
Q4 25
$31.8M
$31.6M
Q3 25
$31.2M
$28.2M
Q2 25
$35.6M
Q1 25
$35.7M
Q4 24
$35.1M
Q3 24
$49.4M
Q2 24
$48.0M
Q1 24
$47.4M
Stockholders' Equity
ANNA
ANNA
FORA
FORA
Q4 25
$58.7M
$29.8M
Q3 25
$58.3M
$31.1M
Q2 25
$52.3M
$30.9M
Q1 25
$30.0M
Q4 24
$30.1M
Q3 24
$28.4M
Q2 24
$27.2M
Q1 24
$28.1M
Total Assets
ANNA
ANNA
FORA
FORA
Q4 25
$101.3M
$44.1M
Q3 25
$100.1M
$41.3M
Q2 25
$89.9M
$48.5M
Q1 25
$48.6M
Q4 24
$47.2M
Q3 24
$57.5M
Q2 24
$58.4M
Q1 24
$57.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ANNA
ANNA
FORA
FORA
Operating Cash FlowLast quarter
$3.7M
$3.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
14.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANNA
ANNA
FORA
FORA
Q4 25
$3.7M
$3.2M
Q3 25
$9.0M
$-439.7K
Q2 25
$-700.0K
$-344.5K
Q1 25
$448.2K
Q4 24
$1.7M
Q3 24
$764.1K
Q2 24
$-23.1K
Q1 24
$-2.2M
Capex Intensity
ANNA
ANNA
FORA
FORA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
ANNA
ANNA
FORA
FORA
Q4 25
14.51×
Q3 25
1.69×
Q2 25
-1.09×
-1.53×
Q1 25
Q4 24
8.76×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ANNA
ANNA

Segment breakdown not available.

FORA
FORA

Financial Services Revenues$7.3M92%
Other$669.0K8%

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