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Side-by-side financial comparison of Mobile Infrastructure Corp (BEEP) and Forian Inc. (FORA). Click either name above to swap in a different company.

Mobile Infrastructure Corp is the larger business by last-quarter revenue ($8.8M vs $8.0M, roughly 1.1× Forian Inc.). Forian Inc. runs the higher net margin — -22.9% vs -85.6%, a 62.7% gap on every dollar of revenue. On growth, Forian Inc. posted the faster year-over-year revenue change (37.0% vs -4.3%). Over the past eight quarters, Forian Inc.'s revenue compounded faster (27.8% CAGR vs -0.4%).

China Mobile is the trade name of both China Mobile Limited and its ultimate controlling shareholder, China Mobile Communications Group Co., Ltd., a Chinese state-owned telecommunications company. It provides mobile voice and multimedia services through its nationwide mobile telecommunications network across mainland China and Hong Kong. China Mobile is the largest wireless carrier in China, with 945.50 million subscribers as of June 2021. China Mobile was ranked #25 in Forbes' Global 2000 in...

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.

BEEP vs FORA — Head-to-Head

Bigger by revenue
BEEP
BEEP
1.1× larger
BEEP
$8.8M
$8.0M
FORA
Growing faster (revenue YoY)
FORA
FORA
+41.3% gap
FORA
37.0%
-4.3%
BEEP
Higher net margin
FORA
FORA
62.7% more per $
FORA
-22.9%
-85.6%
BEEP
Faster 2-yr revenue CAGR
FORA
FORA
Annualised
FORA
27.8%
-0.4%
BEEP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BEEP
BEEP
FORA
FORA
Revenue
$8.8M
$8.0M
Net Profit
$-7.5M
$-1.8M
Gross Margin
49.2%
Operating Margin
-24.4%
Net Margin
-85.6%
-22.9%
Revenue YoY
-4.3%
37.0%
Net Profit YoY
-650.5%
-1012.2%
EPS (diluted)
$-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
BEEP
BEEP
FORA
FORA
Q4 25
$8.8M
$8.0M
Q3 25
$9.1M
$7.8M
Q2 25
$9.0M
$7.5M
Q1 25
$8.2M
$7.1M
Q4 24
$9.2M
$5.8M
Q3 24
$9.8M
$4.7M
Q2 24
$9.3M
$4.8M
Q1 24
$8.8M
$4.9M
Net Profit
BEEP
BEEP
FORA
FORA
Q4 25
$-7.5M
$-1.8M
Q3 25
$-5.8M
$-151.2K
Q2 25
$-4.3M
$224.8K
Q1 25
$-3.9M
$-1.1M
Q4 24
$-999.0K
$199.7K
Q3 24
$-1.3M
$-204.9K
Q2 24
$-1.4M
$-2.6M
Q1 24
$-2.1M
$-1.2M
Gross Margin
BEEP
BEEP
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
BEEP
BEEP
FORA
FORA
Q4 25
-24.4%
Q3 25
-6.1%
Q2 25
0.6%
Q1 25
-19.8%
Q4 24
-24.9%
Q3 24
-17.0%
Q2 24
-62.2%
Q1 24
-36.3%
Net Margin
BEEP
BEEP
FORA
FORA
Q4 25
-85.6%
-22.9%
Q3 25
-63.9%
-1.9%
Q2 25
-47.3%
3.0%
Q1 25
-47.2%
-16.0%
Q4 24
-10.9%
3.4%
Q3 24
-13.4%
-4.4%
Q2 24
-14.6%
-53.4%
Q1 24
-23.8%
-24.9%
EPS (diluted)
BEEP
BEEP
FORA
FORA
Q4 25
$-0.06
Q3 25
$0.00
Q2 25
$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
BEEP
BEEP
FORA
FORA
Cash + ST InvestmentsLiquidity on hand
$8.3M
$31.6M
Total DebtLower is stronger
$198.3M
Stockholders' EquityBook value
$141.3M
$29.8M
Total Assets
$382.5M
$44.1M
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEEP
BEEP
FORA
FORA
Q4 25
$8.3M
$31.6M
Q3 25
$6.1M
$28.2M
Q2 25
$10.6M
$35.6M
Q1 25
$11.6M
$35.7M
Q4 24
$10.7M
$35.1M
Q3 24
$8.7M
$49.4M
Q2 24
$8.7M
$48.0M
Q1 24
$9.1M
$47.4M
Total Debt
BEEP
BEEP
FORA
FORA
Q4 25
$198.3M
Q3 25
$183.3M
Q2 25
$186.7M
Q1 25
$187.5M
Q4 24
$188.2M
Q3 24
$132.8M
Q2 24
$133.6M
Q1 24
$134.5M
Stockholders' Equity
BEEP
BEEP
FORA
FORA
Q4 25
$141.3M
$29.8M
Q3 25
$151.7M
$31.1M
Q2 25
$160.6M
$30.9M
Q1 25
$164.5M
$30.0M
Q4 24
$170.0M
$30.1M
Q3 24
$134.8M
$28.4M
Q2 24
$107.4M
$27.2M
Q1 24
$107.9M
$28.1M
Total Assets
BEEP
BEEP
FORA
FORA
Q4 25
$382.5M
$44.1M
Q3 25
$397.8M
$41.3M
Q2 25
$405.6M
$48.5M
Q1 25
$409.5M
$48.6M
Q4 24
$415.1M
$47.2M
Q3 24
$418.2M
$57.5M
Q2 24
$417.1M
$58.4M
Q1 24
$420.1M
$57.5M
Debt / Equity
BEEP
BEEP
FORA
FORA
Q4 25
1.40×
Q3 25
1.21×
Q2 25
1.16×
Q1 25
1.14×
Q4 24
1.11×
Q3 24
0.99×
Q2 24
1.24×
Q1 24
1.25×

Cash Flow & Capital Efficiency

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

Metric
BEEP
BEEP
FORA
FORA
Operating Cash FlowLast quarter
$848.0K
$3.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEEP
BEEP
FORA
FORA
Q4 25
$848.0K
$3.2M
Q3 25
$1.2M
$-439.7K
Q2 25
$1.8M
$-344.5K
Q1 25
$-1.5M
$448.2K
Q4 24
$-784.0K
$1.7M
Q3 24
$0
$764.1K
Q2 24
$346.0K
$-23.1K
Q1 24
$-1.4M
$-2.2M
Capex Intensity
BEEP
BEEP
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
BEEP
BEEP
FORA
FORA
Q4 25
Q3 25
Q2 25
-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

BEEP
BEEP

Transient Parkers$4.5M52%
Contract Parkers$2.4M28%
Base Rent Income$1.2M14%
Other$607.0K7%

FORA
FORA

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

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